After living in Luxembourg for 12 years, I decided to move and do business in Dubai. Luxembourg is a wonderful country with good opportunities, but Dubai offers new perspectives. Why Dubai? Here are five reasons:

1. There is no tax on income (wages) of individuals. In Luxembourg the average effective tax rate is around 30%.

2. No mandatory social insurance contributions, with the exception of basic health insurance paid for by the employer. In Luxembourg – 12.5% ​​is paid by the employee, 12.5% ​​by the employer, in the UAE – 0%.

3. Low VAT. In Luxembourg it is 16%, while in Dubai it is 5%.

4. Low corporate tax (income tax) of 9% or even 0% under certain conditions. In Luxembourg – 25%, in the UAE 9% or even 0%.

5. No tax on capital gains and dividends. Here Luxembourg and the UAE offer the same conditions.

Five compelling reasons why Dubai is the place where your business can flourish!