What are the characteristics of the tax system in Dubai?
Dubai attracts businesses and investors due to the absence of personal income tax and corporate tax for most companies. This makes the city appealing to professionals and entrepreneurs. I spoke with expats who noted that the lack of income tax allows them to keep more of their earnings. However, since 2018, a 5% VAT (Value Added Tax) has been introduced on most goods and services. This step is aimed at diversifying government revenue. The overall tax system is transparent and streamlined, which facilitates doing business and stimulates economic activity.
You may also be interested
Dubai may seem like an ultra-modern city of glass and steel, but behind the shine of the skyscrapers lie neighborhoods where one can feel the spirit of the past. One such place is Al Fahidi, also known as Bastakiya. As I wandered through its narrow streets, I felt like a time traveler. The traditional houses with wind towers, built from coral stone and gypsum, told stories of how people lived here centuries ago. I visited the Dubai Museum, located in Al Fahidi Fort, the oldest building in the city. Inside, I was greeted by exhibits that narrated the lives of Bedouins, pearl diving, and the trade that made Dubai what it is today. Don’t miss Deira, home to the famous markets—the Gold Souk, Spice Souk, and Fish Market. Here, the aromas and sounds of the East create a unique atmosphere, and the opportunity to haggle with vendors adds to the charm.
Go to question pageDubai Shopping Festival (usually takes place in January). Dubai Food Festival (in February). Various fairs and festivals, including Christmas holidays.
Go to question pageYes, you can book a yacht on the main page.
Go to question pageThe main currency in Dubai is the UAE Dirham (AED). However, most tourist and retail locations accept major international credit and debit cards, as well as US dollars and euros.
Go to question pageYes, to cancel the reservation for free, it is important to do this 72 hours before the flight.
Go to question pageYes, the route before the start you can adjust and discuss your wishes with the captain.
Go to question pageDubai is a real paradise for shopping lovers, offering many opportunities: Shopping malls: Dubai Mall, Mall of the Emirates, Ibn Battuta Mall and others. Traditional markets (souks): Gold Souk, Spice Souk, Textile Souk. - Boutiques: Luxury boutiques in shopping malls and hotels. - Trade festivals: The annual Dubai Shopping Festival with great discounts and promotions.
Go to question pageDubai Shopping Festival (DSF) is an annual shopping festival in Dubai with huge discounts, entertainment and a festive atmosphere. It usually runs from the end of December to the end of January, the exact dates change every year.
Go to question pageThe best time of the year to rent a yacht in Dubai is from October to April. At this time, Dubai has the most comfortable weather for sea trips.: • Air temperature: During the day, the air temperature ranges from +25°C - +30°C, which is ideal for outdoor recreation. • Water temperature: The water in the Persian Gulf remains warm and pleasant for swimming (+22°C - +25°C). • Sunny days: There are many sunny days in Dubai during this period, which allows you to enjoy the bright views and sunbathe on the deck of the yacht. • Less humidity: The humidity in the winter months is significantly lower than in the summer, which makes staying outdoors more comfortable. • Calm sea: The sea is usually calm during this period, which is ideal for boat trips and cruises. Why not rent a yacht in Dubai in the summer (May-September): • Heat: Dubai is very hot in summer, with temperatures reaching +40°C and above. • High humidity: The humidity in summer is very high, which makes staying outdoors uncomfortable. • Storms are possible: There may be strong winds and storms in the Persian Gulf in summer. If you want to enjoy the comfortable weather, calm sea and bright sun, plan to rent a yacht in Dubai from October to April.
Go to question pageThe most expensive yacht in the world is "Azzam", owned by Sheikh Mansour bin Zayed Al Nahyan, a member of the ruling family of Abu Dhabi. Azzam is not just a yacht, but a real floating fortress. It is 180 meters long (longer than a football field!). The best shipbuilders in the world participated in its construction. It is equipped with the most advanced technology and luxury imaginable. There are many legends about its cost, but it has not been officially disclosed. So, when it comes to the most expensive yacht, it is not just a vessel, but a symbol of wealth and power of one of the most influential people in the world!
Go to question page