Relocation Advice - Abu Dhabi
For recruitment in Abu Dhabi contact AP Executive. Use our job search function to see our current jobs in Abu Dhabi.
Overview:
Abu Dhabi is the second largest Emirate out of 7 but by far the richest - generating over 56% of the total GDP of the UAE. There is guaranteed year-long sunshine, with plenty of stunning beaches with turquoise water. Abu Dhabi is only 67,340 kilometres squared, and has a population of around 900,000. Furthermore, it's one of the richest countries in the world.
Why choose Abu Dhabi:
Abu Dhabi is a thriving city with billions of dollars of investment having been pumped in to the emirate to modernise and fall in line with western cities. An extraordinarily rich country - it has two exotic and luxurious seven star hotels.
Abu Dhabi has a very beneficial tax system for employees, unless you are working in the petroleum, gas and oil industry and branches of international banks. If so, the taxes can reach up to 55%. Although, even if you are working in these industries, you wont get taxed on your income unless it exceeds DHS 1,000,000. If ones income does surpass this amount, then the tax rates are as follows; 1m - 2m (10%), 2-3m (20%), 3-4m (30%), 4-5m (40%) and above 5m, 55% is the rate. There is a "VAT" tax, of sorts, on certain goods and services which are between 5-15% depending. There are no capital gains tax as such in the UAE apart from on the industries mentioned above.
Abu Dhabi encourages new businesses and as a result, many have been established by non Emirate nationals. However, one has to remember that if intending to start up a company, the government requires at least 51% of it to be owned by a national. As long as this is complied with, although there are licences that need to be adhered to, the actual setting up of a company in Dubai is simple and can be completed in a few days.
Relocating to Abu Dhabi:
Relocating to Abu Dhabi is relatively straight forward; however there is a fair amount of bureaucracy to be dealt with. Once a permit is given, it has to be renewed every year. Furthermore, one has to go though various health tests, one of which is a blood test for the likes of Aids and TB. The costs will be funded by the company/sponsor.
Career opportunities:
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Wealth Management
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Real Estate/Property Development
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Private Banking
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Trusts
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Asset Management
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Oil/Gas/Petroleum
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Accountancy/credit/audit
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Legal and compliance
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IT
