Jasmin Fichte March 26, 2025March 26, 2025 For wealthy Germans considering emigrating to Dubai, there are many questions and important aspects that need to be clarified. In recent years, Dubai has become a preferred destination for affluent individuals and entrepreneurs who want to benefit from the tax advantages, high quality of life, and diverse business opportunities. In this article, we aim to give you an overview of the key topics to consider when moving to Dubai. Tax Advantages and Tax Aspects: One of the main reasons many Germans move to Dubai is the tax relief. Dubai does not levy personal income tax, which is an attractive offer for many wealthy individuals. However, how does one establish tax residency in Dubai? And how can one ensure that there is no risk of double taxation? Important questions to clarify: How does one become tax-resident in Dubai? What tax advantages does Dubai offer compared to Germany? What double taxation agreements exist between Germany and Dubai? What impact does the move have on wealth taxation in Germany? Visa and Residency Options for Foreigners: To live in Dubai long-term as a German, you will need the appropriate residence permit. Dubai offers various visa options, particularly attractive for entrepreneurs and investors. The Golden Visa, in particular, is very popular as it offers long-term residency opportunities. Relevant questions: What types of visas are available for expats in Dubai? How can you obtain an investor or Golden Visa for Dubai? What requirements must be met to qualify for residency? Real Estate Market in Dubai: Dubai offers a wide range of real estate opportunities, from luxurious villas to exclusive apartments. As a wealthy German, you may want to invest in real estate or purchase your own residence. The real estate market in Dubai is internationally oriented and allows foreigners to purchase property. Key questions regarding real estate: How does one purchase real estate in Dubai as a foreigner? Which neighborhoods are particularly recommended for expats? What legal aspects must be considered when purchasing real estate? Are there real estate taxes or other hidden costs? Cost of Living and Quality of Life: Although Dubai is known for its luxury, the cost of living varies greatly depending on your lifestyle. For wealthy expats, the cost of living is relatively high, but the amenities and quality of life in Dubai are among the best in the world. Questions about quality of life: How do the living costs in Dubai compare to Germany? What exclusive amenities does Dubai offer for wealthy individuals? Which areas of Dubai are particularly suitable for expats? Business Opportunities and Starting a Business: Dubai is an international business hub that offers numerous opportunities for entrepreneurs from all over the world. For Germans wishing to start a business or invest in Dubai, there are clear legal frameworks to help navigate the process. Key questions about starting a business: How does one start a business in Dubai? What tax advantages does Dubai offer for entrepreneurs? Which industries are particularly lucrative for investments? How does the business network function in Dubai? Healthcare and Insurance: Dubai offers a top-tier healthcare system with modern facilities and highly qualified specialists. For expats, there are specific health insurance options tailored to their needs. If you are coming from Germany, these questions are particularly important. Questions about healthcare: How does the healthcare system work in Dubai? Which health insurance should you have as an expat in Dubai? What are the differences in healthcare between Germany and Dubai? Legal and Regulatory Aspects: Moving to Dubai also brings legal and regulatory considerations. Especially when transferring assets, adapting to legal frameworks, or changing nationality, it is important to be well-informed. Legal questions to clarify: How do you transfer assets to Dubai? What legal differences exist between Germany and Dubai for expats? What are the tax implications of changing nationality? Culture and Social Life in Dubai: Dubai offers an international and multicultural society where expats from all over the world feel at home. There are numerous social and cultural offerings, particularly appealing to wealthy individuals—from luxurious shopping malls to exclusive events and restaurants. Questions about social life: What is social life like in Dubai for wealthy expats? What exclusive restaurants and clubs are there in Dubai? What cultural and leisure activities are available in Dubai? A move to Dubai offers many benefits, but also challenges. Careful planning is essential to consider all tax, legal, and personal aspects. Legal advice from an experienced law firm like Fichte & Co Legal, which has been based in Dubai since 2005 and advising clients, can help you make the move smoothly and tax-efficiently. Founded 20 years ago as a start-up, Fichte & Co Legal has grown into a leading firm in the Middle East. With offices in Dubai and Saudi Arabia and a team of over 50 experienced lawyers, we are here to assist you with comprehensive expertise in your move to Dubai or other legal matters in the region. Feel free to visit our website (www.fichtelegal.com) or contact us directly to learn more about our services and receive personalized advice. Jasmin Fichte Managing Partner Email: jasmin.fichte@fichtelegal.comMobile: +971 50 210 1003 Dr. Laura Voda Partner, Head of Corporate and Commercial Practice Group Email: laura.voda@fichtelegal.comMobile: +971 50 582 7667 Contact Us Name Email Phone Number Message Send
