Those working in Dubai have among the world's highest take-home salaries
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Those working in Dubai have among the world’s highest take-home salaries

Those working in Dubai have among the world’s highest take-home salaries

PwC based its results after deducting tax and social security obligations

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People working and living in Dubai walk away with their entire pay in comparison to other places around the globe, a study has revealed.

A Dubai resident earning £250,000 will take home his entire salary, while a Hong Kong-based executive securing the same salary will take home a deducted amount of £212,324, Dubai Media Office tweeted, citing a chart from consultancy firm PwC. Singapore and Florida feature in the third and fourth spot, while California, New York and Germany figure in the next three spots.

PwC based its results after deducting tax and social security obligations, assuming that the individual is married with no children and pays social security in the country where he/she is a tax resident.

The survey considered annual income brackets of £250,000 (Dhs1.3m), £500,000, £1m and £2m to calculate the take-home pay of employees

A UK resident’s take-home will amount to £143,640, while sitting on the bottom of the chart is Italy where an executive earning £250,000 will be left with a mere £126,689.

The UAE has introduced a slew of measures to beckon local and international talent in recent times. Last month, coding experts from across the world were encouraged to apply for UAE golden visas as part of the National Program for Coders.

Read: Coders from across the world can now apply for UAE golden visas

In March this year, the UAE cabinet approved a new self-sponsored Remote Work Visa enabling employees from all over the world to live and work remotely from the UAE, even if their companies are based in another country.

The one-year visa allows foreigners to enter the UAE and work in line with terms and conditions issued with the visa.

Read: UAE announces new remote working residency visa, multiple-entry tourist visas

In November last year, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the decision to expand the categories of eligible individuals for the 10-year golden residency visa. The eligible categories included: PhD holders, doctors, engineers in the fields of computer engineering, electronics, programming, electricity and biotechnology as well as graduates from accredited universities with a GPA of 3.8 or more.

Read also: UAE expands eligibility for golden residency visas – new categories revealed

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