UAE Ranks In Top 5 World’s Best Tax-Free Country To Relocate In 2024

UAE bags the title as one of the Top 5 Most Affordable Tax-Free Countries.

by Deeplata Garde
UAE Ranks In Top 5 World’s Best Tax-Free Country To Relocate In 2024

The UAE continues to solidify its reputation as one of the world’s most attractive destinations, and this time, it’s not just about the weather, restaurants, and endless activities. The UAE has proudly secured a spot on the list of the most affordable tax-free countries to relocate to in 2024.

Irresistible Allure of Dubai and Abu Dhabi

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It comes as no surprise that people from around the globe are drawn to the magnetic appeal of Dubai and Abu Dhabi. The UAE boasts record-breaking structures, unique experiences, tax-free income, and a thriving community of content expatriates.

In the preceding year, the UAE garnered recognition as one of the best places for expats to live and work. The accolades didn’t stop there; the country earned a place among the world’s best cities and secured its standing as a destination offering an unparalleled lifestyle.

Impressive Ranking

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When evaluated by expat insurance provider William Russell, the UAE proudly claimed the fourth spot on the list of tax-free destinations. With a monthly cost averaging around Dhs3,590 and an average monthly net salary of approximately Dhs13,015, the UAE outshone competitors.

The report took various factors into consideration, including flight costs, rent, and utility bills. In the competitive race, the UAE surpassed renowned destinations such as Brunei, Maldives, Qatar, Bahamas, Monaco, and the Cayman Islands to secure its fourth-place position.

Also Read: Iran Allows Visa-Free Entry For UAE, Qatar & Some Other Gulf States; Here’s All You Can Do There

Top 5 Tax-Free Countries

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The top five countries in the ranking include Oman, Kuwait, Bahrain, the United Arab Emirates, and Brunei. Oman emerged as the most affordable tax-free country for relocation, boasting the lowest monthly living costs and ranking as the third cheapest country for monthly utility bills, which hover around Dhs386.

Welcoming Atmosphere

For those contemplating relocation, the UAE extends a warm welcome, inviting individuals to experience the unique blend of modernity and tradition that defines life in this dynamic part of the world. With its thriving economy, diverse cultural scene, and tax-free benefits, the UAE stands as an attractive choice for those seeking a new and vibrant chapter in their lives.

Cover Image Courtesy: Canva

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