If your home country see you as a tax resident, then the 90 days spend in Dubai is useless, even if you have a home in UAE. They will say, “OK, show me the tax residency certificate from Dubai”. What i mean, if two countries see you as their tax resident, they will apply the tie-breaker rule in order to decide in which country are you a tax resident. But the “tie-breaker rules apply only if you provide a tax certificate from UAE. Cheers!
Nothing says you can't winter in Dubai, summer in Montenegro, or Italy, or Spain, or France, or Portugal, or Albania, and vacation in Mauritius, Seychelles, the Maldives, Malaysia, Thailand, the Philippines, Singapore, or Indonesia. With a St Kittsian or Nevisian citizenship if you prefer, the only country other than the UAE where you have a residence permit that you would need to obtain a visa in advance to travel to in the above outlined scenarios is Thailand and they do not make it particularly hard to obtain a visa for tourism. And St Kitts with there zero percent tax rate is unlikely to claim you owe them any tax rate or request a proof of tax residency from you. In that case, spending 183 days in the UAE is unlikely to make much difference to any tax authority if St Kitts is your only citizenship. If you have a permanent abode in any of those other countries it becomes more of an issue, but if you stay in long term AirBNBs in each, no one will ever bat an eye about the UAE being your domicile even if you only spend 2 or 3 months a year living there.
First you said you have to spend 183 days in Dubai, afterwards you said 90 days per year. And now (today) you published a video on a 90 day tax residency. Why did you recommend 90 days when legally you were required to stay 183 days?
Thanks, do you think you can live 3 months in germany, 3 months in spain, 3 months in the netherlands and then 3 months in dubai? So you would live 9 months in the eu
Can you make video about how we can stay in our country and try to reduce tax , not everyone can move and leave job may be something like 10 20% we can save ?? Is it possible?
So true: competition shouldn’t turn into conflict. We don’t need more wars. China is a great trade partner. It has provided us with the capacity to get so much for our dollar. It allows American companies to turn their product ideas into something that we can afford to buy.
If you have a house in another country that you spend your time in after the 90 days in Dubai then wouldn’t u be taxed in that country for having ties to it, those ties being the house?
Bouncing around as a permanent traveler sounds great if you don't have school age children. Have you ever thought through how a family with kids could do the same and not disrupts the kids formal education? Would love to here comments from those who have actually done this. It would be great fun 😀 for a family 👪
@@nampmaljr9294 this can really look like sooo many ways! Some people choose to homeschool which is enrolling their kids in the school curriculum and doing it at home. As you are now not location bound you can do the same travelling around the world which starts been homeschooling. Still bound by the curriculum of your home country and the current education system. Others unschool meaning kids are not enroll in any education system, family travels the world either fulltime or in a slow way which we are doing now 6 months in one place (exploring around), then maybr 3 and 3 months in other places but following the kids interest to enrol them in activities for them to learn each kid is passionate about so following their lead on this. Or you can do a mix of unschool/ schooling which in each country youn go you can enrol them for a portion of the time into the country's schooling system if you/ they wish to. Of course there are challenges that families start resolving while on the road, like being totally free from they should be learning a,b,c by x age so we the parents need to unschool ourselves/ so its much more concious parenting and of course it takes much more from us educating our kids than just leaving it up to the system. In our particular case with two kids, we truly no longer believe in the system and feel like its a waste of time and not the best for their happines/ financial mindset to be enrol in the traditional school system that is a one size fits all and doesnt consider how each particular kid learns or what he/ she are interested on. Plus we can teach them and have much more time to teach them mindset and what we wish we were taught including financial independence, without getting what in our opinion is a risky option (I am an engineer, lawyer, doctor box) when we truly have no idea what the jobs of the future will be. To us it's like Robert Kiyosaki's rich dad says, school systems is meant for employees and doesn't really want to teach our kids about money, but to have workers for the industries that makes them money. We'll show our kids to create their own businesses and opportunities and own their time and life, instead of giving 40/ 50 years to someone else. The communities within each of this types of schooling outside the system is massively growing specially after the pandemic, so there are Worlschooling Familly Summits and pop-up schools around the world where the kids meet their friends and we meet hundreds of like minded families ❤
if you surpass the 183 day rule are you taxed on the income over that 6 month period or do you only start paying taxes of that country after 183 days? (scenario i make 250k in 180 days in Australia but leave on the last day of the 7 month I made 50k in that last month do i pay taxes on the total of 300k or just the 50k?)
It depends on what DTA (Double Taxation Agreement) exists, if any. If a DTA exists between the two countries, the taxes paid in one will give you tax credits to reduce how much you have to pay in the other. At the end of the day, consult a licenced accountant and/or lawyer in order to get the correct advice for your specific situation.
Thank you for your channel and for the information provided 👍 There is a new digital nomad 1-year visa offered by Dubai for digital nomads. Is it possible to become a Dubai tax resident with this visa? Appreciate your response :) P.S. maybe you make a video about the visa for digital nomads in Dubai ;)
do you not take calls for people that own less than 500k? cuz on the link when trying to book a call it says (not eligible) also how much is the 30 min call? the price is not shown?
I'm not even Canadian, but I'll need to fact check everything he says now after he said Canada is turning dictatorship. Canada is pretty way up in the Democratic rank. Whereas, UAE is ranked 153 of 176. Too many people think having a lot of social programs to benefit the mass is dictatorship, and letting rich people off the tax is freedom. Now, I'm watching this channel to save on taxes too, but you shouldn't say such blatant misinformation. Please don't mix in your opinions and stick to the facts. Thanks.
Who cares about some silly democratic rank? Try to care about reality instead. The reality is that in Canada your bank accounts can be frozen without due process if you behave in a way the government doesn't want you to (and I am not talking about breaking the law). There's been a lockdown for 2 years, many essential freedoms have been taken away. You can go to jail for microaggressions and misgendering people lmao. Please explain to me how Canada is not turning into a dictatorship without using a made up democratic rank? And we don't even need to talk about social programs and taxes. That's a whole nother issue.
Yeah, i agree, he is an asshole, and mostly rich people are, I'm net worth is around $600k and adding up 100k + per year and I'm not an asshole at all :-)
If your home country see you as a tax resident, then the 90 days spend in Dubai is useless, even if you have a home in UAE. They will say, “OK, show me the tax residency certificate from Dubai”. What i mean, if two countries see you as their tax resident, they will apply the tie-breaker rule in order to decide in which country are you a tax resident. But the “tie-breaker rules apply only if you provide a tax certificate from UAE.
Cheers!
Nothing says you can't winter in Dubai, summer in Montenegro, or Italy, or Spain, or France, or Portugal, or Albania, and vacation in Mauritius, Seychelles, the Maldives, Malaysia, Thailand, the Philippines, Singapore, or Indonesia.
With a St Kittsian or Nevisian citizenship if you prefer, the only country other than the UAE where you have a residence permit that you would need to obtain a visa in advance to travel to in the above outlined scenarios is Thailand and they do not make it particularly hard to obtain a visa for tourism.
And St Kitts with there zero percent tax rate is unlikely to claim you owe them any tax rate or request a proof of tax residency from you.
In that case, spending 183 days in the UAE is unlikely to make much difference to any tax authority if St Kitts is your only citizenship.
If you have a permanent abode in any of those other countries it becomes more of an issue, but if you stay in long term AirBNBs in each, no one will ever bat an eye about the UAE being your domicile even if you only spend 2 or 3 months a year living there.
First you said you have to spend 183 days in Dubai, afterwards you said 90 days per year. And now (today) you published a video on a 90 day tax residency. Why did you recommend 90 days when legally you were required to stay 183 days?
183days means you dont need to do anything else,90 days you need something like a house or other things
90 days with a business, right?@@chimsloyalty3880
You need already existing residency or a already existing place to stay in uae in order to do the 90 day tax residency.
Very informative content. Thanks so much
Thank you for making such informative videos.
And thank you for watching!
Thanks, do you think you can live 3 months in germany, 3 months in spain, 3 months in the netherlands and then 3 months in dubai? So you would live 9 months in the eu
Can you make video about how we can stay in our country and try to reduce tax , not everyone can move and leave job may be something like 10 20% we can save ?? Is it possible?
If you have 4 passports and spend less than 180 days in any country, how can you choose which country to declare taxes?
great info videos!, location independent is key !
Great vid and gorgeous background. Are you in the Seychelles?
YES nice guess
So true: competition shouldn’t turn into conflict. We don’t need more wars. China is a great trade partner. It has provided us with the capacity to get so much for our dollar. It allows American companies to turn their product ideas into something that we can afford to buy.
If you have a house in another country that you spend your time in after the 90 days in Dubai then wouldn’t u be taxed in that country for having ties to it, those ties being the house?
Definitely leaving #Chinada for Dubai after the next bull run. I'll give you a call then ;o)
Same here. Will leave this dictatorship hopefully.
Great video bro, hope you’ve got a video on South Africa coming up soon 😂🙏
What about the price you must pay for visa, bank acount ??? Noghing it is free in Dubai
How much tax is paid when paying that tax free income to the president of the LLC or uae company.
Does anybody know whether it is possible to avoid buying health insurance with the retirement visa?
Nice information👍
How would one do this if they live in Canada?
Bouncing around as a permanent traveler sounds great if you don't have school age children. Have you ever thought through how a family with kids could do the same and not disrupts the kids formal education? Would love to here comments from those who have actually done this. It would be great fun 😀 for a family 👪
Doing it now and worldschooling the kids and loving it
@@laurymelo5741 Interesting. What is Worldschool? Would love to learn more about this.
@@nampmaljr9294 this can really look like sooo many ways! Some people choose to homeschool which is enrolling their kids in the school curriculum and doing it at home. As you are now not location bound you can do the same travelling around the world which starts been homeschooling. Still bound by the curriculum of your home country and the current education system. Others unschool meaning kids are not enroll in any education system, family travels the world either fulltime or in a slow way which we are doing now 6 months in one place (exploring around), then maybr 3 and 3 months in other places but following the kids interest to enrol them in activities for them to learn each kid is passionate about so following their lead on this. Or you can do a mix of unschool/ schooling which in each country youn go you can enrol them for a portion of the time into the country's schooling system if you/ they wish to. Of course there are challenges that families start resolving while on the road, like being totally free from they should be learning a,b,c by x age so we the parents need to unschool ourselves/ so its much more concious parenting and of course it takes much more from us educating our kids than just leaving it up to the system. In our particular case with two kids, we truly no longer believe in the system and feel like its a waste of time and not the best for their happines/ financial mindset to be enrol in the traditional school system that is a one size fits all and doesnt consider how each particular kid learns or what he/ she are interested on. Plus we can teach them and have much more time to teach them mindset and what we wish we were taught including financial independence, without getting what in our opinion is a risky option (I am an engineer, lawyer, doctor box) when we truly have no idea what the jobs of the future will be. To us it's like Robert Kiyosaki's rich dad says, school systems is meant for employees and doesn't really want to teach our kids about money, but to have workers for the industries that makes them money. We'll show our kids to create their own businesses and opportunities and own their time and life, instead of giving 40/ 50 years to someone else. The communities within each of this types of schooling outside the system is massively growing specially after the pandemic, so there are Worlschooling Familly Summits and pop-up schools around the world where the kids meet their friends and we meet hundreds of like minded families ❤
if you surpass the 183 day rule are you taxed on the income over that 6 month period or do you only start paying taxes of that country after 183 days? (scenario i make 250k in 180 days in Australia but leave on the last day of the 7 month I made 50k in that last month do i pay taxes on the total of 300k or just the 50k?)
Nice thinking but you get taxed on all of it.
@@steveg6512 Figures lol!
It depends on what DTA (Double Taxation Agreement) exists, if any. If a DTA exists between the two countries, the taxes paid in one will give you tax credits to reduce how much you have to pay in the other. At the end of the day, consult a licenced accountant and/or lawyer in order to get the correct advice for your specific situation.
Thanks a lot!
And yearly licens to have A Company ?
Great video, thank you!
Can you tell me what is the tax for a boat in Dubai if I live there
Thank you for your channel and for the information provided 👍
There is a new digital nomad 1-year visa offered by Dubai for digital nomads. Is it possible to become a Dubai tax resident with this visa? Appreciate your response :)
P.S. maybe you make a video about the visa for digital nomads in Dubai ;)
Thank you for great informative videos as always.. Can you please make a video on How to apply for Dubai Freelancer License and what are the T&C!
do you not take calls for people that own less than 500k? cuz on the link when trying to book a call it says (not eligible) also how much is the 30 min call? the price is not shown?
Call is free, but most of our clients are 500K or more net worth. You can still apply for a call of course
@@WealthyExpat okay I will do, thank you!
you are great buddy
Normally need 183 days
Hi 👋 Can you talk about using saint kitts and nevis ID +Passport to use the apps that allowed in us 🇺🇸 (crypto wallets /Payments getaway...)
can you connect me with your tax professional please . I live in USA
If I Go On Tourist Visa and Stay 180 Days In UAE I am eligible for Tax Free ?
I don't believe so, you must be a UAE resident to get tax free benefits
I'm not even Canadian, but I'll need to fact check everything he says now after he said Canada is turning dictatorship. Canada is pretty way up in the Democratic rank. Whereas, UAE is ranked 153 of 176. Too many people think having a lot of social programs to benefit the mass is dictatorship, and letting rich people off the tax is freedom. Now, I'm watching this channel to save on taxes too, but you shouldn't say such blatant misinformation. Please don't mix in your opinions and stick to the facts. Thanks.
Who cares about some silly democratic rank? Try to care about reality instead. The reality is that in Canada your bank accounts can be frozen without due process if you behave in a way the government doesn't want you to (and I am not talking about breaking the law). There's been a lockdown for 2 years, many essential freedoms have been taken away. You can go to jail for microaggressions and misgendering people lmao. Please explain to me how Canada is not turning into a dictatorship without using a made up democratic rank?
And we don't even need to talk about social programs and taxes. That's a whole nother issue.
What he said was totally fine and true. It’s usually different in real than what you see in the books.
I think he is pretty accurate it's going downhill into dictatorship quite fast
Yeah, i agree, he is an asshole, and mostly rich people are, I'm net worth is around $600k and adding up 100k + per year
and I'm not an asshole at all :-)