Essential FINANCIAL information when living in Dubai

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Essential FINANCIAL information when living in Dubai

Post by abcd_admin » Wed Aug 22, 2018 8:34 am

Bouncing a cheque is illegal in the UAE. If a cheque is presented without adequate funds to cover the amount, you will face criminal and civil charges. After you have served your jail sentence you will not be able to leave the country until the funds have been paid in full.

Residents of the UAE are able to open a local bank account. Visit the opening a bank account opening-a-bank-account section of the official portal of the UAE Government for more information.

There is no income tax on salaries or wages paid in the UAE. For information on corporation tax, contact the Ministry of Economy.

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