Banking, Money and Taxes in Abu Dhabi
Banking in Abu Dhabi is simple and allows expats to open accounts with ease. Abu Dhabi's banking system is sophisticated, and ATMs and credit/cards are widely used.
To open a bank account an Abu Dhabi expat needs a residence permit (or proof that the permit has been applied for), a passport, a No Objection Certificate from the employer, and a minimum amount which varies according to the bank. Recommended banks in Abu Dhabi include: Abu Dhabi Commercial Bank, Barclays Bank, Emirates Bank International, Mashreq Bank and National Bank of Abu Dhabi.
A huge advantage of working in Abu Dhabi is that there is no taxation on expat income. Depending on your nationality you may be liable for tax in your home country, although the amount varies and relates to how long you spend outside of the country, and whether you qualify for non-resident tax status. It is advisable to use a tax advisor specialising in your country’s tax code.
