One of the
most favourable environments in the business world is the emirate of Dubai. It is one of the
most comfortable places in the Gulf region since the regime decided to move
away from oil and establish economic diversification in the emirate. Dubai’s economy has grown
rapidly in the past 30 years and will continue growing for the upcoming
decades.
Dubai is a very attractive place for
tourists due to its high quality of leisure facilities. Many consider Dubai’s leisure facilities
to be among the best in the world, with approximately 50+ malls and shopping centres
in a relatively small city of 1.5 million people. The crime rate is one of the
lowest in the world, and the people are very tolerant of religions other
than Islam. The emirate also has the only seven-star hotel in the world, a
symbol of the steady growth in Dubai’s
economy.
With the
growth of tourism in the recent years, Dubai
is a very foreigner-friendly environment. In addition to the constant flow of
tourists, expatriates also make for over 70% of Dubai’s population count. English is the
standard language within the business community, and the city has a lively
scene with very few social barriers, making it easy for expatriates to fit in
almost immediately.
One of the
major incentives for a career in Dubai
is the possibility of higher salaries. Levying taxes against personal income
from employment is against the law in Dubai,
which translates to gross income going straight to the employee’s bank account.
A 15% lump sum of your yearly salary is also paid on departure if you have
worked for more than 2 years in the emirate. You may also qualify for the
foreign earned income exclusion tax break if you’re a United States citizen, which excludes income up
to $82,400 (plus any foreign housing amounts) from any taxes to the United States.
Many choose to invest their extra income in property as foreigners have
recently been allowed the right to purchase property (granting them resident
status automatically), which makes for a great investment option as real estate
prices are significantly increasing year by year.
Many are
drawn to the opportunity to work in Dubai
simply because it provides the advantage of a new lifestyle and a chance to
work on projects not available anywhere else in the world. Experience abroad
gives employees crucial transferable skills to fast track your career
development. With the increasing presence of international companies
(approximately 20 new companies are established every week), opportunities are
lucrative and plentiful.
If you’re
in or considering a career in hospitality, and examining your opportunities
abroad, Dubai
is an excellent option for you to keep in mind while making your plans.
Middleeastjobs.com is an excellent resource for exploring your options.
Do you have any questions about working in the Middle East? Send MEHJ
an email.
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