UAE Among The Top 5 Tax-Free Countries: A Magnet for Investment and Work
The American insurance company William Russell classified the UAE among the top 5 tax-free countries for 2024.
This has solidified its position as a globally attractive destination for investment and work.
Moreover, the UAE landed 4th place in the ranking of the best tax-free countries for 2024.
The UAE: One of the best places to live and work for new expatriates in 2023.
“Curly Tales,” a website specializing in travel content creation, stated that it’s no surprise that Dubai and Abu Dhabi attracted people.
The UAE, they say, boasts stunning experiences, tax-free income.
Also it was one of the best places to live and work for new expatriates last year.
The UAE secured 4th place on the tax-free destinations list.
With an average monthly cost of living around AED 3,590 and an average net monthly salary of AED 13,015.
It surpassed popular destinations like Brunei, the Maldives, Qatar, the Bahamas, Monaco, and the Cayman Islands.
“Curly Tales” emphasized that it’s no wonder people are captivated by Dubai’s magnetic pull.
Featuring its record-breaking buildings, unique experiences, tax-free income, and thriving expat community.
Previously, the rates ranked Dubai as one of the best places to live and work for newcomers.
And also it earned a spot among the best destinations offering an unparalleled lifestyle.
The top 5 countries Tax-Free Countries.
The “Curly Tales” report considered various factors.
Including flight and rent costs, and utility bills.
Most of the top five tax-Free countries were in the Middle East, and the list includes:
- Oman
- Kuwait
- Bahrain
- the UAE
- Brunei
The UAE is launching the year 2024 with steady steps towards enhancing its comprehensive development experience, through a package of laws and decisions that will come into effect, and expected achievements in many sectors according to prior dates ↗️ pic.twitter.com/VmAIunajvQ
— UAE Voice (@uae_voiceeng) January 5, 2024
We should highlight that the UAE welcomes expatriates.
It also offers them a unique blend of modernity and tradition through its thriving economy, diverse cultural scene, and tax benefits.
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