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Dubai, United Arab Emirates


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Dubai, United Arab Emirates

Official languages

ISO 4217

Abu Dhabi

Arabic and English

3,137,453 (as of 2020)



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Dubai, United Arab Emirates is a thriving economy with a GDP of $107.3 billion in 2019, according to the World Bank. The economy is largely driven by the services sector, which accounts for over 70% of the GDP. The tourism industry is a major contributor to the economy, with over 15 million visitors in 2019. The real estate sector is also a major contributor, with the total value of real estate transactions in Dubai reaching $44.5 billion in 2019. The manufacturing sector is also growing, with the value of exports reaching $25.3 billion in 2019. The government has also invested heavily in infrastructure, with the total value of infrastructure projects in Dubai reaching $20.7 billion in 2019. Overall, Dubai is a vibrant economy with a strong outlook for the future.


Dubai is one of the seven emirates that make up the United Arab Emirates (UAE). The UAE operates on a territorial taxation system, where taxes are levied only on income earned within the country's borders. 

**Corporate Taxation:** Dubai does not impose corporate income tax on most types of companies. However, oil and gas companies and foreign banks operating in Dubai are subject to corporate income tax at a rate of 55% and 20% respectively. In addition, certain fees and taxes may be imposed on companies operating in certain industries, such as tourism and real estate.

**Personal Taxation:** There is no personal income tax in Dubai, which makes it an attractive location for high-net-worth individuals looking to establish residence in a low-tax jurisdiction.

**Process and Calendar for Payments:** As there is no personal or corporate income tax, there are no specific deadlines for tax payments or returns in Dubai. However, companies and individuals are still required to comply with other local regulations and fees, such as social security contributions and certain licensing fees. It is important for individuals and companies operating in Dubai to seek the advice of a qualified legal and financial professional to ensure compliance with all local laws and regulations.

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