Do you dream of a life where modern architecture, luxury and sunshine are part of everyday life? Dubai, the beating heart of the United Arab Emirates, attracts precisely this promise. Here, cultural diversity and economic dynamism merge into a unique way of life.
With more than 90% of the population being foreigners, you will never be alone among expats in Dubai. Whether for business or leisure, the Persian Gulf city offers countless possibilities.
Dubai’s central location makes it the perfect starting point for globetrotters. Whether it’s for a weekend in the Maldives or a visit to the country, you’re just a flight away.
And concerns about severe penalties? Don’t be fooled by old rumors; Dubai is modern and cosmopolitan. Discover what it means to live in a city that never sleeps.
1- Setting up a business in Dubai
If you want to set up a company in Dubai, decisive strategic planning. The city offers countless possibilities, but you need to follow a few basic steps to succeed.
Initial consultation and planning are key. It is advisable to book a free consultation in order to discuss your project in detail. Local expertise is essential in this regard. At OMC, we stay in touch with local partners and offer you comprehensive tax and legal support throughout your expatriation.
- Book a consultation with experts.
- Develop an individual tax concept.
- Plan your entire expatriation according to your situation.
Another important point is the starting capital. In Dubai, this is essential for setting up a business, obtaining a visa and opening a bank account. The process of setting up a business are complex and require the help of local consulting firms. Anticipate needing five-figure start-up capital.
Necessary steps
- Starting capital: Needed for visa, company formation, and bank account.
- Declaration of insurance: No social security agreement with France. Health insurance is mandatory.
The assistance of experts specializing in advising entrepreneurs, like you, and in securing the tax costs of setting up your business is a significant advantage. Here you will receive support in all administrative procedures and you will benefit from our experience of more than 1200 companies created in the UAE.
2- Information on the cost of living in Dubai
When preparing to move to Dubai, you need to consider the city’s cost of living. Although Dubai offers a tax-free income, the cost of daily needs can vary depending on your lifestyle and requirements. Careful budget planning therefore plays an important role in making the most of your new life in this bustling metropolis.
Restaurants and Dining
Restaurants and meals are a significant factor in the cost of living. You’ll find an impressive variety of dining venues in Dubai, ranging from cheap street food stalls to luxury gourmet restaurants. The price of a meal in an average restaurant is in the range of AED 50 to AED 150. On the other hand, if you want to enjoy a romantic dinner for two in a middle-class restaurant, you should expect to pay between AED 160 and AED 250.
A local beer costs an average of AED 18, while imported drinks start at AED 9 and can cost up to AED 15. A cappuccino to start the day costs around AED 20 to AED 27. Soft drinks like Coca-Cola or Pepsi are affordable, with prices ranging from AED 6 to AED 9, and water contributes very little to the expenses, costing AED 1 to AED 7 per bottle.
Feeding
Food prices are highly dependent on your consumption and local supply. For a liter of milk, you will pay around AED 5 to AED 7, while a 500g loaf of white bread costs an average of AED 5.
Rent
It is advisable to keep an eye on your expenses and make a realistic estimate of the costs so that you are not surprised by the sometimes higher prices in Dubai. The choice of neighborhood should also be decisive in planning your budget, as rent prices can vary from one neighborhood to another. Renting accounts for a large portion of the monthly fee. Learn about the different neighborhoods and find out which one best suits your needs and budget. The best way to find the best apartments or villas is through the most common platforms such as: Propertyfinder, Bayut or Dubizzle.
3- Cultural differences to be taken into account
Cultural diversity and approach
Dubai is a melting pot of cultures. More than 210 nationalities live and work in the city, resulting in a fascinating cultural diversity. You therefore often experience exciting and enriching moments in your relationships with others.
- Don’t be afraid to bring something traditional to community events.
- Be open to new encounters and new cultures.
- Look forward to surprises and learning moments in all situations of everyday life.
Adaptation to local customs
In Dubai, a strongly Islamic country, you are expected to adapt, as an expat or long-term visitor. This includes clothing (only for administrative procedures), eating habits during Ramadan and public displays of affection. Behavior that respects the traditions and norms of the country is essential.
- Be sure to wear appropriate attire in government settings.
- Learn about Ramadan eating habits.
- Respect the restrictions on public displays of affection.
Getting used to the new environment
Many of our clients report that the famous culture shock did not take place in Dubai. After a short period of adaptation and with a certain degree of flexibility, you will quickly find your feet. Having travelled before and getting to know the city can also help you feel at home quickly.
- Be open-minded and flexible on a daily basis.
- Take advantage of previous stays to familiarize yourself with the habits and customs.
- Don’t be discouraged by the fear of culture shock.
Each experience in Dubai is unique and offers the opportunity to grow and learn. By engaging in this new culture with an open mind and a positive attitude, you will be able to enjoy your life in Dubai to the fullest.
4- The search for a home – to rent or to buy
If you decide to live in Dubai, choosing your new home is one of the most important first steps. Dubai offers a diversity of housing options Luxury apartments in the city range from high-rise apartments to comfortable villas on the outskirts. Professional real estate agents are essential to find the right property in this dynamic market.
Rental options in Dubai range from short-term furnished apartments to long-term unfurnished leases. You should be aware that rental agreements in Dubai are usually concluded for one year and often require the advance payment of the annual rent. However, this can also be negotiated.
Properties to buy allow you to build up a long-term wealth. However, you should be aware that the buying process in Dubai may differ from that in your home country.
Tax-efficient structuring when acquiring a property
Dubai attracts many expatriates with its tax attractiveness. Real estate investments can play an important role in tax planning. Proper advice not only helps in choosing the property, but also in a tax-efficient design of the purchase or rental. Inclusion by our community with local tax advisors should not be underestimated here, it can be decisive for optimal financial results.
When it comes to finding accommodation, you will quickly learn that Dubai’s cultural vibrancy is also reflected in the diversity of residential areas. That’s why it’s worth exploring all the options and talking to experienced advisors to find your new home.
5- Information about the education system in Dubai
If you feel comfortable with the quality and diversity of the Education System in Dubai, you will see that it might even exceed your expectations. Dubai offers an international environment that provides you with schools offering British, American, French, German and many other programs. These schools are designed to provide students with a well-rounded education and help them develop their individual interests and skills.
- Schools with different international study programs
- Individual promotion of students’ strengths and interests
When it comes to higher education, Dubai stands out for its prestigious universities. The University of Dubai and Zayed University, The Sorbonne, New York University, Harvard, Duke, Rochester have just examples of institutions that are renowned for their academic excellence and attract international students. Here in Dubai, you have the opportunity to give a solid foundation to your professional career.
- Importance of English as a gateway to global communication
- Access to recognized universities offering a wide range of studies
Dubai’s quality of life, coupled with the quality of its education system, makes it a great place for families and individuals looking for quality of life and international education.
6- Information about the healthcare system in Dubai
If you live in Dubai, you enjoy access to a state-of-the-art healthcare system. The government ensures, through strict regulations, that all medical facilities meet high standards and that patient safety is a priority.
The Dubai Health Authority (DHA) plays a key role in this system. As the central supervisory authority, the DHA regulates and controls all medical services. On their website, you’ll find a wealth of information, from the list of approved hospitals and clinics to details about health insurance.
Quality and standards in the healthcare sector
Dubai is synonymous with a combination of cutting-edge technologies and highly skilled professionals. Strict regulations ensure that residents and visitors can rely on first-class medical treatments. Thanks to this quality, Dubai has also become a center of health tourism.
Public and private institutions
In Dubai, you can choose between public and private healthcare facilities, both of which offer quality medical care. Thanks to the strict regulations of the DHA, you can count on high-quality medical care, regardless of the facility you choose.
Accessibility and information
To tell you about the healthcare system in Dubai, the AHD’s official website offers comprehensive resources. You can learn everything you need to know and plan the necessary steps to ensure your health care in the city.
7- Information on obtaining visas and residence permits
When you move to Dubai, one of the first things you need to do is apply for a visa and residence permit. Work visa and residence permit are directly related to your business license and the creation of it.
Entrepreneurs and property owners can apply for a visa independently through an agency like ours, while employees have to wait for the company to issue them the visa. The investor visa requires less documentation than other types of visas. In general, primary identity documents are sufficient and you can count on a processing time of one to two weeks. In particularly urgent cases, we can do this within a few days. Just contact us.
8- Tips on mobility in Dubai
Mobility in Dubai can be a challenge if you are not prepared. Transportation and distances can be considerable, so it’s important to learn about transportation options.
Exchange of driver’s license
You have to plan, drive a car. The first step is the exchange of your driver’s license. For short-term stays, your driver’s license is sufficient, but for longer stays, a local driver’s license is required. You will obtain it on presentation of your driving license ( for European citizens , a certificate of employment and after paying the fees due.
Punctuality at peak times
Sailing in Dubai requires patience, especially at peak times. Allow enough buffer time to get to your appointments on time. The roads can be particularly congested in the morning and evening, and this can significantly lengthen your travel times.
Transportation Overview
Public Transportation: The Dubai Metro is a fast and efficient system that connects many parts of the city. There is also a network of bus and water taxi lines.
Taxis: These are a convenient option for short trips and when public transportation is not available.
Car rental: For maximum flexibility, renting a car can be considered.
9- Dubai and taxes – an overview
Dubai attracts with a favorable tax framework It is particularly attractive for expatriates and international companies. In Dubai, there is no personal income tax or capital gains tax. This not only makes it easier to manage your finances but also provides significant financial benefits.
There are a few taxes you need to consider, though. One of these is value-added tax (VAT), which is levied at a rate of 5% on certain goods and services. As of 1 June 2023, corporate income tax has also come into force, this document is intended to provide information on the consequences of such a decision for your company.
According to current information, the collection of corporate income tax is as follows:
Tax Type
Value Added Tax 5%
Corporate tax (since June 2023) 9% on profits above AED 375,000
This can change at any time. If you need up-to-date information on taxation in Dubai, please do not hesitate to contact us.
For an optimized tax strategy, it may be wise to set up a company in a Freezone. So find out in detail about taxes and banking in Dubai. Here, you can rely on a stable banking system and a transparent tax system, which can contribute to the financial success of your business.
The high quality of life in Dubai, coupled with tax incentives, makes the city an attractive location for both business and professional travelers. By familiarizing yourself with the relevant tax rules at an early stage and by developing your financial strategy with the help of our local community of experts, you will ensure that you and your company have a decisive advantage in this dynamic economic environment.
Women’s Rights – As a woman in Dubai?
As a woman in Dubai, you will see that the city cultivates a progressive approach, although it is deeply rooted in Islamic culture. You can count on the fact that safety and respect are priorities. There are rules, such as covering shoulders and knees in government buildings. In addition, the veil is not compulsory for women. By the way, the same goes for men in government buildings.
Dubai’s perception as an increasingly liberal city is expanding, especially under the influence of influencers and international residents who celebrate the city’s diversity and openness on social media. You’ll find that expat women and tourists enjoy city life as much as their male counterparts. Shopping, work and leisure are possible without any restrictions. What is particularly remarkable is the sense of security that many women feel in Dubai. Even when they walk around at night in less crowded areas, they still retain a sense of security.
Strict anti-harassment laws help prevent assaults.
The presence of many expats results in more lenient rules compared to stricter Islamic countries.
Women’s autonomy and mobility are guaranteed.
However, it is important that you familiarize yourself with the local conditions and regulations to avoid any misunderstandings. Compliance with regional standards and regulations contributes to harmonious coexistence and a positive experience in every country, and thus also in the city of Dubai.
10 – The climate in Dubai
Dubai is known for its warm and sunny climate. Temperatures can be extremely high in the summer, while the winter months are rather mild. Preparing for the heat is essential. A sun protection product and quality sunglasses are essential to protect yourself from the sun’s intense rays.
In the summer, the weather in Dubai can be extremely hot, with average temperatures of over 40 degrees Celsius. The warm waters of the Arabian Gulf are ideal for swimming, diving, and other water sports.
The winter months in Dubai are relatively mild, with average temperatures of around 25 degrees Celsius. This is the perfect time to enjoy the city’s many outdoor activities, such as a desert safari or a camel ride. The mild temperatures are also ideal for visiting the city’s many parks and gardens.
Conclusion
Dubai is a land of opportunities that welcomes you with open arms, whether it’s to start a business or to build a new life. With the help of our professionals, you will find the perfect property and navigate the local tax system. You benefit from a first-class education system and a state-of-the-art healthcare system. Mobility in the city is varied and well organized, which will allow you to orient yourself quickly. And for women, Dubai offers a safe and respectful environment. If you embark on this adventure, a vibrant city awaits you, which leaves nothing to be desired, both professionally and privately. So pack your bags and get ready to dive into the beating heart of the UAE – Dubai is waiting for you!