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Title: Why Dubai is One of The Best Cities to Live in Top 7 Reasons
Dubai is a top destination for expatriates, ranking 6th out of 52 countries in the InterNations’ Expat Insider 2022 survey. It’s a vibrant, multicultural city, hosting a vast array of nationalities with 8.84 million expats making up over 88% of its total population. The UAE is home to more than 200 different nationalities with Indians, Pakistanis, Bangladeshis, Filipinos, and Iranians being the most prominent. Here are some key reasons why expats favor living and working in Dubai.Tax AdvantagesDubai is an attractive place for career and business pursuits, largely due to its favorable tax policies. Residents benefit from no income tax, and additionally, there’s no tax on rental income, no stamp duty, and no inheritance or capital gains taxes. While VAT was introduced at a rate of 5% in 2018, it remains low compared to global standards. The UAE also offers a comprehensive network of double tax treaties, which help prevent double taxation on income like capital gains and dividends, providing further financial benefits to those living or operating businesses in Dubai.Economic StabilityDubai's economy showed robust growth at the start of 2022, with a 5.9% increase in gross domestic product according to the Dubai Statistics Centre. The business sector is anticipated to keep growing through 2022-23, promising more job opportunities and potentially higher salaries. This economic stability positions Dubai as one of the most secure financial havens globally.High-Quality Healthcare and EducationDubai boasts excellent healthcare, with rapid responses to public health crises and comprehensive medical insurance often provided by employers. The city also offers world-class education options, including top international schools and universities, making it ideal for families.Quality of...
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