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.
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When choosing an anchor for a yacht, the following factors should be considered: Yacht Size: Make sure the anchor matches the size and weight of your yacht. The larger the yacht, the heavier and more powerful the anchor should be. Bottom type: Choose an anchor depending on the type of bottom in the areas where you plan to swim (sand, clay, gravel or stones). It is better to keep different anchors in different types of soil. Sailing conditions: Consider the conditions in which you will use the anchor, including the strength of currents, waves and wind. Anchor Type: Choose the appropriate anchor type (plow, danforth, mushroom, etc.) depending on the above factors.
Go to question pageDubai has become an international business hub thanks to its free economic zones, such as the Dubai International Financial Centre (DIFC). Companies here can benefit from tax exemptions, 100% foreign ownership, and simplified registration procedures. I have spoken to entrepreneurs who have noted the high speed of business establishment and government support.
Go to question pageThe following entertainment programs are available on yachts in Dubai: - Live music: Organization of performances by musicians and singers. - DJ and parties: DJ services and themed parties. - Water sports: Wakeboarding, water skiing, kitesurfing and snorkeling. - Fishing: Organization of fishing tours.
Go to question pageA license is needed if you control your own boat or other water mode of transport.
Go to question pageThe following basic skills are required to operate a yacht: Navigation: The ability to read nautical charts and use navigation tools such as compasses and GPS. Sail control: Knowledge of the basics of working with sails, if we are talking about a sailing yacht, including setting and cleaning sails, changing courses and controlling the wind. Maneuvering: The ability to maneuver a yacht in confined spaces such as marinas and harbors. Safety: Understanding basic safety rules on board, including the use of life jackets, checking equipment and knowledge of emergency procedures. Meteorology: The basics of weather forecasting and understanding how weather conditions affect swimming. Communication: The ability to use radio communication and other means of communication to maintain contact with coastal services and other vessels.
Go to question pageThere are several official taxi companies operating in Dubai: - Dubai Taxi Corporation: The main state-owned taxi company with various types of taxis (standard, women's, for people with disabilities, etc.). - Careem and Uber: International taxi services through mobile applications.
Go to question pageThe Dubai Opera is a multifunctional concert hall in the form of a traditional Arabic ship "doe", located in Downtown Dubai. It opened in 2016 and is the main cultural center of the city. The opera hosts a variety of events, including operas, ballets, concerts, theatrical productions and musical shows.
Go to question pageThe best places to observe marine life from a yacht in Dubai include: - Persian Gulf Coast: Dolphins, sea turtles and a variety of fish can be seen in the morning hours at a distance of about 15 miles from the coast. - Mangrove forests off the coast of Ras al Khaimah: A great place to observe birds and marine animals. - World Islands: An area with rich marine life and coral reefs.
Go to question pageThe banking system of Dubai is one of the most developed in the region. It includes both local banks, such as Emirates NBD, and international financial institutions. Opening a bank account can be done quickly, especially if you have a residency permit. I have noticed the high level of service and modern online services that make financial management convenient. Banks offer a wide range of services, from traditional deposits to investment products and Islamic banking. ATMs and payment terminals are available everywhere, making financial transactions easier for tourists and residents.
Go to question pageTo plan a yacht charter in Dubai, you need to follow a few steps.
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