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My MoneyThe dirham is pegged to the US dollar
By Editorial Team
The dirham has been pegged to the dollar since 1997, which gives savers and businesses stable exchange rates.
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My Money
No personal income tax on salaries in the UAE
Employees in the UAE keep their full salary, because the country does not charge personal income tax on employment income.
By Editorial Team · October 1, 2026
My Money
VAT in the UAE has been 5% since 2018
The UAE introduced a 5% value-added tax in 2018, a low rate compared with many countries.
By Editorial Team · September 30, 2026
My Money
Corporate tax: 0% on the first AED 375,000 of profit
Since 2023, businesses pay no corporate tax on taxable income up to AED 375,000, and 9% above that.
By Editorial Team · September 29, 2026