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3 steps to founding a company
The cost of living in Dubai is generally comparable to that in Germany. Some expenses, such as food, gasoline, and certain services, are often cheaper in the UAE, while others, like rent, mobile plans, and clothing, can tend to be more expensive. Dubai currently ranks 284th out of 568 in the cost of living index, with 1st place being the most expensive city. For comparison, Munich is ranked 92nd.
In Dubai, a variety of languages are spoken, as the city is highly international. Although the official language is Arabic, English is widely used as the business and everyday language. This is evident, for example, in bilingual street signs and legally required contracts that must be written in both English and Arabic. Dubai is a cosmopolitan metropolis where the diversity of languages and cultures is omnipresent.
Dubai has long been considered a tax haven, but as of June 2023, some changes have been made. Mainland companies now have to pay a corporate tax of 9% on profits exceeding AED 375,000. However, Freezone companies are exempt from this rule and continue to pay no taxes. Despite these changes, the tax rates in Dubai remain internationally competitive. The UAE also continues to offer tax incentives and advantages for businesses.
In Dubai, the Dirham (AED) is the official currency. You can easily use it for everyday transactions.
In Dubai, the Dirham (AED) is the official currency. You can easily use it for everyday transactions.
In Dubai, you can expect consistently sunny and warm weather. The winter months are mild and pleasant, ideal for outdoor activities. Summers can be hot, but the air-conditioned buildings and shopping centres make it easy to cool off.
Dubai has an excellent public transportation system, including buses, the metro, and water taxis. The metro is modern, clean, and provides a convenient way to get around the city. The buses are also well-connected and offer an affordable option.
The opening hours of shops in Dubai can vary, but most shopping centres are open seven days a week. During the week, shops are usually open from morning to late evening, and many even offer late night shopping.
