Yes, corporate tax will be applied at a rate of 9% on taxable income that exceeds AED 375,000. Companies earning below this threshold will not be subject to corporate tax and will benefit from a 0% rate.

Currently, there is no personal income tax in the UAE. Individuals are not required to register for or report personal income tax, providing a significant financial advantage for those working in the country.

The UAE generates much of its revenue from the oil industry and implements a no-tax policy to attract highly skilled professionals and global businesses, boosting its economy. As a result, Dubai residents do not pay personal income tax, making it an attractive destination for expatriates.