Discovering the Appeal of the UAE in the Global Tax-Free Ranking
January 5, 2024, by Karishma Nandkeolyar – The UAE has been officially recognized as one of the leading tax-free destinations in the world for those looking to relocate. Known for its excellent climate, diverse dining scene, and unique attractions, the UAE is not only a hub for expatriates seeking tax-free earnings but also a center for extraordinary experiences and architectural marvels.
In the previous year, the UAE gained acclaim as an ideal place for expatriates to live and work. It also ranked highly among the world’s top cities for its exceptional lifestyle offerings.
According to a report by expat insurance provider William Russell, the UAE ranked fourth among the world’s most affordable tax-free countries, with average monthly living costs around Dhs3,590, and an average monthly net salary of approximately Dhs13,015. The ranking considered various factors, including flight costs, rent, and utility bills.
Surpassing nations like Brunei, Maldives, Qatar, Bahamas, Monaco, and the Cayman Islands, the UAE proudly stands at number four. The top five countries in this category are Oman, Kuwait, Bahrain, the United Arab Emirates, and Brunei, with Oman being the most cost-effective option for tax-free living, offering the lowest monthly living expenses and the third lowest utility costs.
For newcomers to the UAE, we provide comprehensive guides covering everything from rental options to local activities.
