USA & Macau (China).

In 2023, Dubai welcomed 17.15 million overnight visitors, marking a significant increase of 19% compared to the previous year.

While there is no federal corporate tax on the income generated in Dubai, the United Arab Emirates (UAE) has announced the introduction of a federal Corporate Tax (CT) at a rate of 9% starting from the financial year on June 1, 2023 for business generating more than AED 375,000.

The UAE Golden Visa is a long-term residency visa that allows foreigners to live, work, and study in the UAE with 100% ownership of their business on the UAE’s mainland:

• Investors in Public Investments: Investors in public investments of at least AED 2 million can apply.
• Real Estate Investors: Those investing in a property worth no less than AED 2 million.
• Entrepreneurs: Owners of a successful project valued at AED 500,000 or those who have the approval of an accredited business incubator in the country.

The answer is YES. Dubai is making significant strides in embracing blockchain and cryptocurrencies across various sectors, including real estate. Some developers and real estate agencies in Dubai started accepting cryptocurrencies like Bitcoin and Ethereum as payment for property purchases via regulated partners. However, the regulatory landscape for cryptocurrencies is evolving, and the acceptance of crypto payments can vary based on the seller, developer, and regulatory approvals at the time. To Learn More feel free to contact us.

With a projected population of almost 6 million by 2033, set to soar further to a staggering 7.8 million with the Dubai Urban Master Plan 2040, there’s a storm on the horizon – and it demands action. “The predicted growth in the city’s inhabitants will warrant the need for a large-scale residential development boom.”