History of Dubai

Dubai is one of the Emirates that make up the United Arab Emirates. It has more than two million inhabitants and is the second largest territory in the UAE. Dubai is the most popular part of the UAE internationally and includes an urbanized area around the capital, which is also called Dubai. Reaching international reputation of Dubai testifies impressive economic ambitions of the country.

Dubai economy

To diversify its economy and to prepare for the depletion of natural resources of oil and gas, Dubai is restructuring its economy. The United want to move to high-value activities in trade, new technologies and luxury tourism.

Export oil is not more than 5% of GDP in the region and Dubai hopes to become a leading tourist destination in the world of luxury. To accomplish this, the Emirates has begun to improve its infrastructure (airports, marina, hotels, subway stations, shopping malls, amusement parks, etc.) and its existing reputation in the field, for example, the Burj-Al-Arab Hotel, ranked as the most luxurious hotel in the world, the giant area of ​​Palm Islands created from scratch in the sea in the shape of a palm tree and the Burj Khalifa, the tallest building in the world (828 meters).

Dubai Tax Rates and Benefits

Like the rest of the UAE, Dubai has a tax system that is among the most favorable in the world, particularly that of its free trade zones: the Dubai International Financial Centre, the Alli Jebel Free Zone and the Dubai Media City.

Dubai also has the considerable advantage of carrying out its business in English.

In Dubai, the companies do not pay taxes (except for oil companies and gas and branches of foreign banks), of any type. There is no corporate tax, no capital gains or income, VAT, without social security contributions on wages, etc.