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Aug 15, 2008

Living There

INDIVIDUAL TAXATION

In general, the government issues residence visas to freehold owners and to their immediate family such as spouse and children under 18 years old. Visas acquired through property purchases are subject to the normal rules and regulations of the Dubai Immigration Department and are renewable every three years. Visa renewal fee is AED1,360 (US$370) per person and visa renewal allows the holder to work in the UAE.

INCOME TAX

There are no income taxes in the United Arab Emirates.

Municipal Tax

Rental income earned on residential properties located in Dubai leased to foreign nationals is taxed at 10%.

Capital Gains Tax

There is no capital gains taxation in Dubai.

Property Tax

There are no property taxes in Dubai.




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