When you start planning for retirement, you may move and settle down in a country that can help you get more out of life. It's why a growing number of people are looking towards the UAE to retire, as the country offers the perfect place to relax and enjoy the money you have saved after years of hard work. We look at why you should consider retiring in the UAE and reveal some of its many benefits.
Living in the UAE gives you access to one of the best healthcare systems in the world. It is fully funded by the government and is available to all nationals. For every 100,000 residents, there are 181 doctors, with the Ministry of Health and Prevention (MOHAP) overseeing the system as a whole, and each Emirate also has its health authority.
If you are considering moving to the UAE to retire, it's natural that you will want to know more about how safe the country is. There is little to worry about in that regard, as strict rules are in place to protect residents and tourists.
Crime rates are meagre compared to many Western countries, an example of which could be seen during the COVID-19 pandemic when Forbes named the country one of the safest in the world to visit.
The UAE is a country that enables you to feel safe and secure whilst living there, with laws in place that are designed to ensure residents have the right level of protection.
One of the major attractions of living in the UAE is the low tax rates. Whilst they have changed slightly in the past couple of years, they remain deficient and one of the lowest you'll find anywhere in the world.
For example, there is no federal income tax, whilst VAT is only 5%. This means your money will not be heavily taxed, so you can enjoy more of your retirement funds without giving large amounts to the government.
There is a great deal of ethnic diversity in the UAE, due to the country's central global location, with people from all over the world calling it their home. Whilst Islam is by far the dominant religion in the UAE, there is a large number of Christians, Hindus and Buddhists, with Sikh, Jewish and other faiths also just as expected.
The population comprises around 20% of people born in the UAE, with many more hailing from South Asia, and other Arab countries. However, in recent years there has been a growth in Western and east Asian communities, as many more begin to realise the high-quality lifestyle that can be enjoyed in the UAE.
If you want to retire in the UAE, get in touch with our team at Charterhouse Lombard today to discuss your options further.
Get in touch with the Charterhouse team today
Stay up to date with the Charterhouse Lombard Offshore Newsletter.
