One of the main benefits of finding employment or starting your own business in the UAE that attracts expats from all over the world is it’s zero income and corporate tax. The country has signed double taxation agreements with more than 110 countries, including most CIS countries. Therefore, Russian, Ukrainian and Belarusian citizens who have obtained a UAE residence visa do not need to pay taxes on their income earned in the Emirates. There is VAT here, but it is considerably lower than in most European countries at only 5%.
That said, Abu Dhabi companies offer workers a fairly high wage. Due to the intensive development of the emirate, the number of jobs in the city is growing steadily and unemployment is at a minimum.
Employees also have a comfortable working schedule of 48 hours a week or 8 hours a day, with each working day reduced by 2 hours during the holy month of Ramadan. The annual holiday in the UAE is 22-30 days.
The UAE capital has consistently attracted foreign entrepreneurs who want to set up their own businesses here. Abu Dhabi has one of the world's fastest-growing markets and offers exclusive opportunities for start-ups and successful businesses in sectors ranging from IT and financial technology to eco-tourism.
The emirate offers an optimal environment for business workers from all over the world. In particular, foreigners are allowed 100% ownership of companies in offshore and free zones. Entrepreneurs and investors can apply for a long-term residence visa (in some cases even a 10-year Golden Visa). They are also given the option of exemption from local fees for the first 2 years after starting a business and obtaining dual licences. Other advantages of doing business in Abu Dhabi include:
- The opportunity for 100% repatriation of profits in special economic zones.
- The absence of minimum requirements for setting up a company.
- Favourable rental rates for offices and storage space.
- The ability to source raw materials from external production sites.
- Conditions for processing large volumes of products.
- Low-cost energy sources.