Yes, you heard right, Dubai is tax free – if you live and work in the Emirate your income will be paid to you gross and furthermore, if you buy a house to live in you will not be subject to property taxes because direct personal taxation is against the law in Dubai.
The United Arab Emirates currently has 15 free trade zones and 7 more are in the planning stages. The free trade zones are where foreign businesses can establish themselves and grow without the restriction of corporate taxation for example and without having to submit to a local majority shareholding structure. As a direct result of all of the incentives offered to overseas businesses, take up in the free trade zones has been incredible and employment opportunities for foreign personnel are being created within them on a weekly basis.
