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Thinking of relocating to Dubai?

First we'll see if it pays off at all

Israelis opened up to new possibilities after the agreement, and relocation to the Emirates suddenly seemed like an option.

So first of all, how do you do it, and secondly - how much money will you have left in your hand after similar opening conditions?

We checked and came back with overwhelming answers

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• Dubai

David Rosenthal

Friday, 11 September 2020, 00:08

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Tourism video calling on UAE residents to come to Israel (Photo: Ministry of Tourism)

The landing of the first commercial flight in Dubai is a significant milestone on the way to establishing diplomatic relations between the countries, which are expected, among other things, to strengthen the business and commercial relationship between the parties.

The UAE is no longer a negligible oil principality - it is the business and economic capital of the entire Gulf and one of the most advanced countries in the world.

As such, it also entails employment opportunities for Israeli hitchhikers.

EU countries are investing huge sums of money to promote the local high-tech industry while focusing on certain areas including fintech, cleantech, biomed, medical equipment and construction technologies including the smart city industry, as well as a developing space industry (recently launched to Mars on behalf of the UAE).

As a result, over the past few years, thousands of high-tech people from many countries around the world have immigrated to it in favor of real-time relocation, of course after obtaining a work visa.

Dubai is not the US, and illegal immigration there will bring you, with a high degree of probability, to a local prison. The

question is how much money will remain in the pocket of a hitchhiker living in Israel at the end of the month compared to immigrating to Dubai and how to get a work visa there? We assumed that he was a programmer, single, employed in the same job in the two countries, whose gross salary is 25,000 shekels. In Israel he lives in Tel Aviv and his counterpart in Dubai rents a two-room apartment. Both love the good life, go out twice a week for a drink at the bar and twice a month to the club. Yes, they are currently closed.) They move around in a 2015 Volkswagen Tiguan private car. As far as the culinary aspect is concerned, most of their nutrition comes from eating outside the home.

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To the full article

From all this wealth is anything left in hand?

Adv. Yiftach Hanan

So let's start by first issuing a visa.

Since the peace agreement has not yet been signed, no concrete procedures for issuing work visas to Israelis have yet been published, but according to Adv. Yiftach Hanan, an expert in work visa law, who provides solutions to businessmen and companies in issuing work visas to Dubai and Abu Dhabi, it is likely that visas will not be different Essentially those set for citizens of many other countries.

"The first step is to find an employer who will accept the job applicant.

The procedure for obtaining the permit is not done independently, but by him.

After the candidate has won the position, the employer submits his documents, and usually, first receives a permit that was there and a job that is valid for two months.

Next, after transferring and checking the full documents, the employee will be given a work visa for a period of several years.

This is also the point where he is entitled to sponsor his family and bring it to Dubai for cohabitation.

In addition, in principle, obtaining a work visa is conditional on the completion and successful completion of several medical examinations, including blood tests, various X-rays, etc.

According to Adv. Hanan, according to local law, which varies in one way or another from princesses to princesses, there are three levels of employees. One of them, the candidate is required to provide other references to prove compliance with their sections.

For example, high-tech workers will often be required to prove that they have completed a bachelor's degree and, in some cases, previous relevant experience.

Adv. Hanan adds that visa issuance procedures for business owners are completely different. In the event that an Israeli wishes to promote business activity in Dubai or another principality, he must meet a number of criteria, including ownership of a majority of the company's shares, submission of a business plan, etc. Take time, he points out, and that must be taken into account.

There is a small difference between us and them in this segment (Photo: Eyal Yitzhar, Globes)

How high is the gap in the profit line?

Moti Arnia

The tax rate to be paid by an employee hitchhiker employed through a local company in Dubai is zero percent.

Yes, not a single dirham.

In the union there is no federal income tax for individuals and in fact, most of the companies that operate from there also do not pay income tax.

Advocate Moti Arnia, an expert in international taxation, explains to Walla! Business: "Although each of the principalities has different state legislation that imposes a corporation tax of up to 55%, in practice, this is imposed on companies engaged in the production of natural resources (oil, etc.). Including on branches of foreign banks operating in them.

According to him, the tax system in the union is a territorial method - that is, only business activities carried out in the union territories may be taxed there.

Any company operating in the Union but its sources of income are from sources outside the Union (services or sales outside the Union) will be tax-exempt.

Before you run to an employer site in Dubai, however, you must remember that not every stay in Dubai for work allows an employee to evade paying taxes.

In principle, Advocate Arnia clarifies that according to tax laws, a taxpayer is required to pay taxes on his income in the country in which he resides. In the UAE a person will be considered a "resident" if he has stayed there for more than 183 days. However, there are other criteria which In

Israel, residency is determined according to the center of life, while the number of days of stay is only an auxiliary test. According to the Income Tax Ordinance and extensive rulings given in the matter, the center of life test is examined, among other things, by: Where he usually lives, his center of vital interests (work, property, etc.). The peace agreements do not necessarily sign a double tax treaty and it may take some more time for such a treaty to be signed. In

addition, with regard to social security, according to the local tax law in the union, employing an employee involves paying social security at a rate of 17.5%. Of the employee is offset by 5% while his employer will bear the balance of the burden.

Rent

According to a survey we conducted among local real estate sites in Dubai, the cost of renting a one-room apartment in a well-kept neighborhood ranges from NIS 4,000 to NIS 5,000. The price depends on the nature of the building, with the addition of a guard, high-rise housing and a pool. NIS 3,000-5,000. Renting a standard 2-room apartment in Dubai without a guard at the entrance, etc. costs NIS 6,000-7,000. The Tel Aviv counterpart will also pay a similar amount within the aforesaid limits.

However, the significant difference, or rather, the clinical depression, is obtained when examining prices The apartments for sale.A 3-room apartment, 100 meters in size, new from the nylon, in a fantastic location, from which you can clearly see the sea, will cost about a million shekels.In Israel of 2020, for this amount you can buy two parking spaces in Tel Aviv, or a cute little warehouse.

Choose, building with or without a guard?

(Photo: Dean Ariel)

transportation

The cost of a free monthly ticket in Dubai is around 275 shekels.

If you chose to travel by car, the most significant gap with Israel is derived from fuel costs.

The price of a liter of gasoline is NIS 1.66 (cheaper than the price of a liter of mineral water in Israel) and yes, the prices of vehicles there are also nerve-wrackingly cheap on the taxation policy in our country.

For example, the cost of a small and cute Volkswagen Tiguan, year of manufacture in 2015, is NIS 40,000.

In Israel, on the other hand, you will pay NIS 65,000-80,000.

Licensing costs there are also considerably cheaper than in Israel.

For that matter - the cost of maintaining a typical 1.5-liter car in Israel reaches NIS 1,800 a month.

In Dubai, on the other hand, you will pay no more than NIS 1,000.

Food

Restaurants: If you fancy eating in luxury restaurants, you can easily spend 1,000 shekels for a meal in Dubai, etc. in Israel as well (including fine wine for the head), but its clear advantage comes from the popular and cheap food. For example, grilled chicken costs 15 shekels and a portion shawarma - £ 10. for bread Iranian cheese will pay 5 shekels and so on. On the other hand, to shawarma in Israel, meat quality, cross easily the threshold of 30 shekels. Therefore, also in the expenses, the Dubai wins Tel Aviv in a big way.

what about grocery prices In this respect, too, Dubai is cheaper, and in some of the ingredients - considerably. For example, half a kilo of feta cheese costs NIS 15. A kilo of sea fish (fresh, of course) will deduct NIS 30-50 from your account. You can buy 400 grams of butter in 12 Shekels.

Recreation

Although this is a Muslim country, in terms of entertainment supply - it certainly gives a nice fight to Tel Aviv.

The clubs in it, at least considered by them, dwarf Tel Aviv clubs in terms of design, sound quality and in fact in every way.

The cost of alcohol, cheaper, though not significantly, but still - pay less.

An alcoholic cocktail will cost you 40 shekels on average.

And if you fancy sitting in a bar, you can easily find a dog bar.

Lots of brands, lots of options.

Mall in Dubai (Photo: Gettyimages)

Swimsuit

Dubai has everything from everything and at all prices.

From amazing malls, with luxury brands to those that do not, including many popular Japanese chains that Israelis really like.

Prices are not significantly lower than in Israel, so in this section, no significant difference is recorded.

health

Usually, the sending company finances for the employee and his family the cost of purchasing health insurance so we have not addressed this expense item.

Image processing Doron Shiner

The bottom line

How much money will be left in the pocket of an Israeli hitmaker who chose to move and work in Dubai?

much more.

Lots.

While in Israel, the net salary less the living expenses of the Israeli living in Tel Aviv is NIS 3,741, his friend who is employed in Dubai will remain with NIS 14,166.

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