The UAE is an amazing melting pot of cultures, with nationals of more than 200 countries calling it home.
It is indeed one of the few countries in the world where expats outnumber the local citizens by a wide margin.
As a global hub for professionals and a growing regional economy, the UAE continues to draw in career-minded expats and ranks #16 out of 37 countries in the 2013 Expat Economics league tables by HSBC bank.
This is demonstrated by expats’ earnings, with 70 per cent of expats saying they earn more than they do in their home country against a global average of 53 per cent.
In fact, according to the HSBC survey, 80 per cent of UAE expats are satisfied with the state of the local economy – compared to only 56 per cent globally.
With zero income tax in the country, it is no surprise that nearly six in 10 (58 per cent) expats associate the UAE with low income tax compared to a global average of 27 per cent.
As is the case with other Gulf countries, the UAE tends to attract a high proportion of young expats. Half of expats (51 per cent) are aged between 18 and 35, compared to a global average of only 37 per cent.
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