I'm done paying crazy taxes (How to shift to Dubai?) | Akshat Shrivastava
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- เผยแพร่เมื่อ 16 ต.ค. 2024
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Am I shifting outside India?
Should you also do so?
Watch till the end before you take any step :)
PLEASE NOTE: THIS IS NOT AN INVESTMENT ADVICE. PLEASE DO YOUR OWN DUE DILIGENCE
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Akshat, you said to put up questions in comment and you will answer them but I don't see replies from you in comments section. Specific question is, if one has decent savings in India and wants to shift money to Dubai for some kind of investment or just to Dubai account, how can that be done. LRS etc. will hinder the process?
Ok hold on, I am also coming
Nice knowledgeable short crisp video
Would love to see job opportunities video or podcast for experienced persons for Dubai/ Middle East.. introduce sum... creditable Local sectors / consultancy too
GOOD DECISION. You cant talk politics in UAE. There is no democrazy there. Dont let old habit haunt you .Dont talk against the rulers, aka Kings. The Kings men will come and take your head. The tax perks is a biscuit that the King pay (or rather throw) to their people - so they dont bark. See its all a trade-off in the world. You loose one and get one. You loose your right to raise voice and you get tax perks
Only tax payers can understand your pain.
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Raech-me
@@dhrubajyotidas6376 sahi baat.. Bhakton ko kya samaj aayega 🤣
It’s a shame we’re losing people because of our policies. I hope Indian government wakes up and starts charging taxes according to the state of the country.
Correct
GOOD DECISION. You cant talk politics in UAE. There is no democrazy there. Dont let old habit haunt you .Dont talk against the rulers, aka Kings. The Kings men will come and take your head. The tax perks is a biscuit that the King pay (or rather throw) to their people - so they dont bark. See its all a trade-off in the world. You loose one and get one. You loose your right to raise voice and you get tax perks
May be in UAE there are no taxes but every other country has taxes equal to or more than india
It will only get worse. CGT % will increase in the coming years.
Indian govt is busy to waking up "hindus " 😂
Average Indian Worked in India for 10years and working here for last 10 years I can fairly say building wealth in Dubai is much easier compared to India. 0 savings in India but saved a decent amount by my standards.
GOOD DECISION. You cant talk politics in UAE. There is no democrazy there. Dont let old habit haunt you .Dont talk against the rulers, aka Kings. The Kings men will come and take your head. The tax perks is a biscuit that the King pay (or rather throw) to their people - so they dont bark. See its all a trade-off in the world. You loose one and get one. You loose your right to raise voice and you get tax perks
@AMBATTANVIKMANDAIYAN greg chappal once rightly said everyone in india has learned over the period of time to bow down their heads if anyone raises their heads it will be chopped down of course in literary sense... any one who has an aspiration to earn more will be targeted for more taxes.. only problem is the disparity that exists in our taxation system they are trying to charge 2% people the income tax to cover up for whole 100% people of the nation
@@pransky-rl7cs Yes I agree. In india agriculture is the occupation of close to 70 crore people and their tax is ZERO while the western world taxes their farmers.
@@pransky-rl7csAbsolutely agree
That could be true ..one of my friends also moved to Dubai and lives a decent life there...thanks for sharing
Most of the Indians would like to shift if they get the opportunity.
Happy Shifting 😁
don't think so
Does Ambani shift
@@AdityaJapeDo you even know Ambani’s grandchildren are US citizen 😂 . Just tell me why Isha Ambani need to travel to USA to birth her children is there any lack of hospitals in India ? Irony is Ambani owns multiple hospital in India .
@@AdityaJapehe did try for england, check your knowledge
@@Rajastraveltales i like it !!! .. ignorant bhakt troller had no idea he had stepped on a landmine 😆😆😆
It's pointless paying such high taxes in India especially for the Open Category who stand to gain nothing from any of the policies of the govt, be it State or Central.
The inflation is ever increasing and the returns on investments keep diminishing, except for govt employees who get inflation adjusted pay raise each year.
Good that you decided to shift abroad; anyone who has the opportunity should leave India.
India is not a developed country to developed countries se comparison karne ka koi fayda nahi
Hum logo ko jyada facilities expect hi nahi karna chahiye
Agar Mahatma Gandhi,Bose yehi soch lete ki India me to British rule hai
To foreign hi settle ho jate hai ,to hume kabhi bhi freedom nahi milti
To yahi rahkar India ko developed banana chahiye
Aur ha rich logo par tax to lagana hi chahiye,ab gareeb logo pe to lagaege nahi, kyoki agar aapko pata ho to koi insaan agar india me 25k bhi kamata hai to vo top 10% me aata hai,ab isme kitna hi tax laga doge,aur 80cr log to government ration pe ghar chalate hai
Aur aapke paas to itna paisa save hohi gaya hoga abhi tax ki india ke luxurious life spend kar sako
To aap sirf apni greed ki wajah se ja rahe ho
how about raising our collective voice for reforms in politics?
@@Sydney_sweeney0 No one would care if the government used the tax money efficiently and lower the insane amount of corruption
True
Good if the so called UCs leave enmasse. The OBC-SC-STs will then have proper representation in private sector and access to resources.
Very wise choice Akshat. Definitely ignore the barking dogs in comments.
India is not a developed country to developed countries se comparison karne ka koi fayda nahi
Hum logo ko jyada facilities expect hi nahi karna chahiye
Agar Mahatma Gandhi,Bose yehi soch lete ki India me to British rule hai
To foreign hi settle ho jate hai ,to hume kabhi bhi freedom nahi milti
To yahi rahkar India ko developed banana chahiye
Aur ha rich logo par tax to lagana hi chahiye,ab gareeb logo pe to lagaege nahi, kyoki agar aapko pata ho to koi insaan agar india me 25k bhi kamata hai to vo top 10% me aata hai,ab isme kitna hi tax laga doge,aur 80cr log to government ration pe ghar chalate hai
Aur aapke paas to itna paisa save hohi gaya hoga abhi tax ki india ke luxurious life spend kar sako
To aap sirf apni greed ki wajah se ja rahe ho
@@Sydney_sweeney0 sure sydney sweeney , we should all stay in India only
@@Sydney_sweeney0 bhai lekin jitne gareeb paper pe dikhte hain utne hote nhi. Jo bhee businesses own krta hai vo apne taxes Bacha lete hain loopholes ke through. Jitne bhee ye street shops or local ,arkets hote hain, ye sab government employees se kahin jyada kamate hain, pr taxes nhi dete kyunki business krte hain, khud apneko CEO btakr apne business ka, salary dikhate hain boht km hai, expenses boht jyada profits kuch bhee nhi to tax slab ekdum km hojati hai or taxes bhee. Ye raste pr Bina koi rent diye business chalate hain, or Paisa Bach jata hai footpath pr chlne layak jagah nhi, inke customers road pr gadi park krdete hain, sadak pr traffic jam ho jata hai, or koi inhe kuch kehta nhi kyunki ye gareebi wala natak rach dete hain. Aise boht loopholes hain. Agr tm employee ho private ya public companies me, tb tumpr har tarh ka tax lagega. Aur ye government me sab Swiss bank me saare apna black money paisa rkhte hain, apne bacho ko foreign me bhejte hain or paise Swiss bank se unk pass krte hain time to time kharch ke hisaab or wo maharajaon ki try foreign me rehta hain, apni government ke paas uska koi history nhi rehta kyunki Swiss bank allow nhi kre disclose Krna information of customers. Baaki top 5000 families ke paas 25% se jyada GDP ki worth hai, baaki bacha 18% GDP hmare desh me loan ka hai, baaki 50% GDP 1.4billion me distributed hai. Wealth gap dekh rhe ho. Or politicians inn ameero ko aur Ameer bana rhe hain inn loopholes ko na hatake, dono party inn loopholes ko hatane ki baat nhi krti, ek sikke ke dono side hain bs.
@@rishikeshdas8884 sarcasm 😏
GOOD DECISION. You cant talk politics in UAE. There is no democrazy there. Dont let old habit haunt you .Dont talk against the rulers, aka Kings. The Kings men will come and take your head. The tax perks is a biscuit that the King pay (or rather throw) to their people - so they dont bark. See its all a trade-off in the world. You loose one and get one. You loose your right to raise voice and you get tax perks
Leaving India is one of the best achievements till date
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Notify me now
Life is short and Taxes are huge, enjoy kar yaar life, if not in India, Dubai main. Happy Shifting.
Previously he used to say I will not be shifting outside India many of my friends are suggesting me but because of my childhood and family I will still stay in India. And now he is saying about shifting. Hypocrisy ki bhi seema hoti hai 😂😂😂😂
Your negative comment is a reflection of the fact that he can shift to uae and setup businesses there and you can't .
I hope you will understand that people's viewpoint can change over the time.
der aya durust aya 😂😂
Check out Sango Life Sutra - there was a dialogue between him and Akshat. He predicted Akshat will move out of Goa in 2 years and it's happening.
I found the first Keyboard Warrior comment 😂😂😂😂
Akshay is not moving to Dubai but he is shifting his businesses to Dubai. If that's the case, he is still sticking to his original decision to stay in India but as any smart investor / businessman would do, he is moving his businesses abroad to gain benefit of favourable business terms including taxes.
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For every 1 Akshat we know who has shifted .... there are Thousands whom we not know of who have left the country because of Pathetic Government Policies
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Raech me
Appreciate your work. We live in a free country India.. So far. We have the freedom so far to make such decisions. You did the right thing by making Dubai 2nd home. I have been doing the same for over 20 years. Flight to India is less than 4 hours. Great place to live Dubai.
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I returned from US 6 years ago, never wanted to settle there. I saw very few cars in late 2012 in Hyderabad, now saw very few bikes after 12 years. I don't feel anyone is dying of hunger here. There is a lot changed or developed now, we will develop more as we are hard working people. I love to stay in India, not money just the matter, other things like your own country, your own people and family. You can't claim any other country as your even after multiple generations. Nothing will happen to India how many people leave as we have 140 crore population. Jai Hind.
nobody is dieing of hunter😂😂😂 such a stupid criteria
@bhargav 💯
Tax na Dene ke liye Ghar nahin chodte hain log. Ghar ghar hi hota hai. Dubai mein ek ajeeb si feeling aati hai which you cannot describe.
If you think no one is dying of hunger in India, then you don't know your own country. Check the global hunger index reports. We all love our country, but being blinded might be your idea of patriotism but not everyone.
To save Tax 🏃♂️ away from mother land....No Sence in it.
Far mountains look bright !!
Dubai also started TaX...
Both females FM Nirmala Sitaraman and Sebi chief are keeling Indian finances and economy. They were hired to fill female quotas and push the agenda that we fully supported women, see we gave them important seats. Now the same women make bad decisions, do not take accountability and responsibility and shift the blame. All power and respect, no responsibility. This is why men should lead every important positions especially financial responsibility of the whole country. In our society, people only keep men accountable, ask tough questions, give them warnings and punishments for bad decisions and let go of women's bad decisions as "chalo wo ek ladki hai", in any emergency it's "women and children first", they treat them as children in harsh times but also give respect and power as men in good times, this is called cherrypicking the good side of both. Nirmala is the worst FM in the history of India. I say that as a bjp supporter.
Wholeheartedly agree the worst ever in the history of India n taxpayers
But politicians never make policies or run them ,they are just face
Bhai such bola hai... as bjp supporters economic going down because of Tai and Sebi Tai ... Itne sare log hai india me kisko de diya hai finance
It can not be explained better
It’s incorrect to assume that women in leadership inherently shift blame or evade responsibility. This notion undermines the efforts of countless women who have excelled as corporate heads and leaders in various sectors. The real issue is incompetence, regardless of gender. Look at women leading companies or teams efficiently across the globe. Leadership failures are due to lack of skills, not gender.
My perspective on political support has shifted since I started paying taxes. India's growth feels hollow, or khokhla, because we're seeing problems where the stock market rises while there’s barely any real growth in employment. The gap between rising wealth in the market and unemployment is widening, which speaks to a deeper issue.
Narendra Modi and Amit Shah's influence on the stock market, especially during election cycles, raises concerns. If these market manipulations were done by an influencer or businessperson, legal consequences would be swift. Yet, the SEBI (Securities and Exchange Board of India) remains notably silent on many such issues. Additionally, the increasing charges SEBI imposes on stock purchases are squeezing small investors, making wealth-building through the stock market less accessible.
Previously, dividends and capital gains from stocks weren’t taxable, but now the financial burden on individuals investing in the market has significantly increased. It's a sign of mismanagement and misplaced priorities in our economic policy. Instead of addressing core issues like education, healthcare, and employment, we’re seeing grand projects like statues, temples, and flyovers built before elections. These may serve political optics, but they don’t solve the structural problems in the economy.
The political class has become disconnected from reality. Our politicians, in many cases, seem like beggars for votes, relying on last-minute populism to mask their inability to address the country's real challenges. The real tragedy is that we as a society have become complacent. Educated people won’t protest or voice dissent against unjust laws, and those who might challenge the system lack the necessary political literacy or platform to make a difference.
As for specific female leaders like Kangana, Nirmala Sitharaman (Finance Minister), and Madhabi Puri Buch (SEBI Chairperson), the problem isn’t their gender. Incompetence can arise in any leader, male or female, when personal ambition or systemic issues cloud their judgment. Even politicians like Mahua Moitra, who come from backgrounds in finance, can get ensnared by greed or the system.
We might feel like we can change the world with our opinions, but in reality, we have to navigate this world with a focus on protecting ourselves and our families first. The system may be flawed, but it's important to stay informed and vigilant about how policies and leadership affect us, and to advocate for meaningful changes when possible.
Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account.
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/investment advisor.
I have thought about it, but haven't figured out how to get consultation, I don’t live in a big city.
Monica Mary Strigle is the licensed advsr I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment. I am close to retirement with 1.4 M to my name outside of retirement accounts.
Are her services available to about anyone? Can you share more details?
I have lived in Dubai for a long time. The heat does not affect you as you move from one air-conditioned environment to the next. The only time I have sweated in Dubai is when I am exercising in the gym.
Akshat_Zayn
Hello me now
Hello me now@Akshat_Zayn
All the best!
only lighter note - consider giving free membership to wisdom hatch and other communities to the folks left behind in India. After all, they need to now bear the burden of the tax gap, resulting by your exit, and those exiting after being inspired 😀
He already told b4, free ki cheez ki value nahi hoti.😂.so he won't do this
The middle class works for 2 months in a year for the government to pay taxes, good that you shifted.
Notify me now⤴️👍
After watching this video, 3/10 Indians decided to move to Dubai. 10 years fast forward…. They complain of traffic, population, tax, inflation in Dubai and plan to comeback to India
Hello me now@Akshat_Zayn
Akshat first earned lot of money by making utube videos for common ppl.. now he is shiftin his focus to rich ppl to earn more money from elite class
actually he earned a lot of money by investing smartly. his TH-cam subscription is really cheap compared to others.
2 years later...why racism made me run back to India ...home is home.😅
Best decision bro. Only tax payers can understand the pain. I also want to move out asap. Let's see how it works.
Akshat_Zayn
On teIegam
In life for some people
1. Religion is important
2.Some others Caste is important.
3. And others Country / State/ motherland is Important.
4 for some mother tongue is Important.
5 for some People, Relationship are Important. And for
6 Akshat Money is Most Important..
God Bless Him 😂😂😂
After living in Dubai for over 20 years, there is no place like Dubai. Would like to learn more Akshat. I've recently started following you on YT.
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Raech me
Try talking to Indians with children in the 14-17 years of age...
Parents are losing their minds regarding their kids behaviour and education...in the middle east . Talk to teachers of Indian schools..you'll be shocked!
Akshat is heading that way...and will sing a different song...in 8-10 years.
Money is NOT EVERYTHING.
FAMILY AND PEACE OF MIND IS.
FOR PEACE OF MIND ...YOU NEED MONEY BUT IF YOU DON'T AGREE THEN ASK YOUR PARENT
bro money is everything and he will live peacefully over there with his family
What will the indian school teachers in middle east say that will shock us...😅
Yes..u r right....these things cant be taught..these things will be learned only thru experience
@Akshat It takes guts to share this kind of update when you are totally aware of the hate to be received. Appreciate the honesty.
I agree that investment options are limited to earn handsome revenue without paying significant tax.
My only question is will you continue to offer suggestion on Indian stock market ?
Many ppl say they have DeshaBakti, until they got the chance to move out of India due to this taxation .
Very opportunistic and clever person. One should be loyal for money and motivate others as well
Welcome to Dubai - I can related with your video - one of the key reasons the tax really pinches for every salaried employees when you see the tax payers money you are not getting anything in return - for the very reason I also shifted to Dubai 7 months back
Notify me now⤴️👍
Even if you are in Dubai, capital gains from indian equities will be taxed, as per origin of gain clause. So it does not matter if you go to any tax free country. Any capital gain from indian equities will have to be paid as per indian tax laws
If you file for a TRC (Tax residency certificate) in UAE, you are exempt from paying any capital gains tax in India.
@@practicalInvesting1 yes, but it is not easy process and it is very tidious to do..also there are other challenges like if im saving for my retirement i cannot withdraw money before that and during retirement many will be going back to india only ,not in abroad..so nri status can't be maintained in this case..
@@logontomk its a fairly simple process. Your other comment about retirement etc I don’t really understand
Happy for you 👍🏻
Best of luck 🎉
India is not a developed country to developed countries se comparison karne ka koi fayda nahi
Hum logo ko jyada facilities expect hi nahi karna chahiye
Agar Mahatma Gandhi,Bose yehi soch lete ki India me to British rule hai
To foreign hi settle ho jate hai ,to hume kabhi bhi freedom nahi milti
To yahi rahkar India ko developed banana chahiye
Aur ha rich logo par tax to lagana hi chahiye,ab gareeb logo pe to lagaege nahi, kyoki agar aapko pata ho to koi insaan agar india me 25k bhi kamata hai to vo top 10% me aata hai,ab isme kitna hi tax laga doge,aur 80cr log to government ration pe ghar chalate hai
Aur aapke paas to itna paisa save hohi gaya hoga abhi tax ki india ke luxurious life spend kar sako
To aap sirf apni greed ki wajah se ja rahe ho
This is y we love TATA group they only love 💕 India from bottom of heart ❤️
Thanks for donating 65% ur savings...Hope u r doing that
@@mrr5358 Yes we do, we are much happier in India. self-respect and dignity in one's homeland over seeking lesser status or compromised dignity elsewhere
They are business they have to stay in India to do business. Its not an option.
I am based in Dubai for the last 22 years. Would love to meet you sometime in the near future
People who find it hard to understand: If you're working 9-6, A THIRD OF IT GOES IN TAXES. You're working for 3 hours everyday for free without any compensation, without any benefits and you'll be doing that from age 25 to age 60.
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Raech-me
Its not exactly that correct? Only people earning above 8 lacs per year pay at-least some direct taxes. So only people earning decent money pay good taxes. Until 15 lacs/year income, you don’t really pay over 1.5 lacs in taxes which is not even 10%+ on your income. I myself paid about 19% total tax on a high 30% bracket income.
You have made decision which is best for you n your family's future. Dont pay attention to trolls please
@@Drshrikantk84 whom is this directed towards? I dont see any trolling here??
Most of my friend who got good opportunities moved out.
Notify me now⤴️👍
You cheat , you previously said your friends and family are in India and you don’t mind paying tax
Raech me now@𝗔𝗸𝘀𝗵𝗮𝘁_𝗭𝗮𝘆𝗻 teIegam
Don't be hurry for Dubai . Bcoz there too the chances are high to introduce income tax . A few years back they brought in VAT for goods and services , Last year came the Corporate tax . And next will be Income Tax. Oman already introduced Income Tax last month. For sure other GCC countries including UAE will follow the same . Dependency on oil income gradually coming down as the world is is very serious about the carbon emission and focus is on EVs and renewable energies now...
Budget is disaster 😂😂😂, Good decision ❤
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Notify me-now
It's a really pathetic situation in India on taxes but you have the opportunity and you took right decision
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Raech-me,thanks
Welcome to Dubai. It will be great if we can meet some day. I have been following your journey for almost two years and learnt a lot about investing in stocks. In past 6 years i have been reducing my remittence to India and investing here due to these taxation direction.
CGT will only increase in India. The Government is desperate for a larger piece of your pie. At present, you pay Income tax, and invest your taxed money. Then you pay GSt on what you spend on your money thats already taxed, and they tax you CGT on your funds that are already taxed.
Once a money minded
Always a money minded
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Raech me
Who is not..lol...
It's not bad to be money minded. Only these people become entrepreneurs and provide jobs to others
Only watch video if you pay huge taxes..government is literally taking huge income out of you..800 million eat free contribute nothing to economy..its big issue...targeting just 4-5% who pay taxes is only way out...🎉🎉
Hello me now@Akshat_Zayn
On teIegam
Government levy more tax and rupee is weaker than ever. The govt is very focused on making the middle class suffer. And whenever our Union Finance Minister is asked questions about the plight of the Indian people she gets aggressive to the interviewers. But BJP is pro-Hindu, for majority of Indians that is more important than economy, well being and progress of Indian citizens, unfortunately.
Hello me now@Akshat_Zayn
On teIegam
While tax benefits in places like Dubai may seem appealing, moving a business solely for tax savings raises important questions about long-term strategy, sustainability, and, importantly, morality. Encouraging followers to leave their home country just because of higher taxes can promote a short-sighted and individualistic mindset. Taxes, while sometimes burdensome, are a key part of contributing to the development and welfare of a nation-funding infrastructure, education, healthcare, and other essential services.
Promoting the idea that businesses should abandon their home country for tax reasons can place undue pressure on others to follow a path that may not align with their long-term success. Moreover, it risks spreading the ideology that one should avoid contributing to the community they operate in. Instead, business leaders can work towards growth while being responsible contributors to society, helping create jobs, boosting the economy, and driving positive change.
Business decisions should consider not only financial benefits but also social responsibility, ethics, and the potential impact on one’s country
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Raech me
If you shift to Dubai or any part of UAE, you will be done paying crazy FINES!!😅
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Raech-me
Law-abiding average persons do need to worry about fines.
Congratulations Akshat. Ignore the trolls.
Wealthy Indians move outside for sure with current political unrest atmosphere .
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Notify me now
These things are possible only for ultra rich elite class man. Even decent earning ppl life will become hell in search of tax saving things they might see severe kind of weather who can't be bearable for everyone. Also once Dubai becomes crowded like other big mega cities they will also start taxation just wait.
Please shift. And stop criticizing the government policies all the time.
Every government has the right to tax as per its needs and structure. Bharat needs taxes to fund infrastructure and a large population of low income people.
Btw many countries have taxes as high as 40-50%
I can sence anti india comments are on there way😂😂
well deserved comments
They are not Anti-India . But they are "Why-Not India" , they believe in India . Don't you ?
@@rimurutempest2130not inside, because, when i pay 3L of my hard earned money, as tax, i get nothing. plain simple nothing.
@@rimurutempest2130 I am not patriot bro, i give 30% in taxes and what we got in return? Bad infra, reservation, corruption.
@@FinbitsbyNikhil I pay more then 14 lakhs as taxes, but I am happy here as my family and my parents are together here with me...
The taxes of India are definitely too high with hardly any facility specially after retirement.
Dubai has become NEW BOMBAY.
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He is the biggest hypocrite of the century! Do not trust this guy, he will say anything to please his audience.😢
Thank you, Akshat. I'm an non-resident Indian, and I am in a similar situation. I have some income in India, and I'm also considering diversifying my investments and exploring the option of setting up a business in the UAE. Thanks for providing such a clear explanation.
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which business?
Good luck to Zayn,
Jhunjhunwala, Daman, Kedia, Dhavan all big investors staying in India, earned and paid taxes in India. Akshay you are much smarter than all of them.
Wo log paisa congress time me kamaliye. Feku khoon chusra isliye bhag jare millionares.
Not single rs as tex paid by these z, d..
At that time LTCG was zero ❤
Hi @akshat, i'm living in dubai from last 10 years,given a chance i'm happy to meet u...
P.S i'm not a multi millionarie like u..
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Panoti level is so high, now Dubai will introduce income tax very soon.😂
Money/Tax is not life. This is what happens when money takes over our life!
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Happy shifting!... BTW... even after changing your tax residency, your LTCG and your STCG are still the same for NRI also and if you stay in few countries like USA and Canada you are supposed to declare if you invest in mutual fund... business profit tax i agree but for individual level I dont see much of a profit... only salary slab we can restrict... let me know if I am wrong ..just a health discussion
Yes, you are correct. But, I guess he is starting new businesses in Dubai. So, in that case he will pay taxes only in Dubai which is much lower than India and he will not have to pay any tax in India for that.
I hope that answers your question.
@@InderSingh-jt2le yes thank you...
Gyan pelo India me. Paise kamao aur shift kr jao Dubai. Sika sara analysis galat hota hai. BS gyan peeta hai.
Hey Akshat. Intel Corp is currently trading at its 1999 price. Still the largest CPU and computer component manufacturer in the world. What do you think of this stock?
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As simple my wife informed me don't want money be with me ❤️
U can leave d
And stay blessed in our home please
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good decision.. i will always be Indian but does not mean i have to be stupid with my money. thanks for sharing ur experience freely.
He is true in this perspective. Too much tax on salary individual. Very less opportunities for salaried employees. 80c not increased in last 15 years and also other investment exemption not increased.
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Why didn't you mentiined about STCG which is incresed from 15% to 20%
I pay 45% of my income in tax in USA. India’s tax system is so much better than USA.
Heard in Nikhil Kamat's podcast that starting a business in UAE is very difficult because it can take up to 3 months just to open a bank account. But your experience has been different. What did you do differently?
What I could understand that you are setting up businesses in Dubai along with India. I didn't heard you are leaving India now. Speaking this openly is what diffrentiates you from others. All the best for the new endeavors. Hope Macroeconomic teachings will continue with India at centre and more global view.
What about your existing investment portfolio? Don’t you need to open a new NRI account and sell existing holdings if you become tax resident of another country?
Raech me,thanks
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Lost my motivation for going office tmrw :)
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Sir I want to invest in Dubai can you please tell me how to shift? And can I open an account in Dubai ? Without buying any property? I mean I want to buy a property but for that I need an account in Dubai right ?
Please revert.
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His market analysis went for toss in the recent times...first US then china..he is fed up of that now and for a change moved to Dubai.😂
Muh ki bat chheen li 😅
Looks like you did not watch the video at all. We can all benefit from the ideas. When I was younger, I did not know that I could have done such things myself.
Hi Akshat, there are dozens of developed countries where personal taxes are more than that in India. Unfair to criticise tax rates of India without understanding the compulsions of Govt. Why not present proposals to GOI on how to ease tax burden on middle income group in India.....when you do this even your trolls will love you.
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Hey Akshat, welcome to the UAE! It’s an amazing place, and I’ve been here for 3 years now, really enjoying the tax-free income. Thanks to moving here, my wife and I have been able to grow our investment portfolios by almost 7x, mostly through stocks and real estate back home. It would be great if you could organize a meetup with the Dubai-based community. Also, I’d love to hear more about investing options from Dubai to India if you have any insights!
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Hi Akshat. Long time subscriber here. I am interested in shifting to Dubai for work purpose. Currently I'm in the AI field and would like to shift to Dubai (temporarily) for work.
I'd be interested in a video where I can get advice/suggestions on how to do that. Can you please make a separate video on that. Would really help me a lot.
That's what if you have the skillset, you can go anywhere - hence we must focus on building the skillset, and the future will be bright
Totally agreed. As someone who’s paying extremely high taxes it just irks me beyond belief. To top it off, as an honest tax payer I do not get anything for my tax. Due to my family dependencies I cannot move out , but kudos to people who can.
Common expenses in uae even for 10k earning are hell
motherland is more than money. If Rathan TATA thinks like U, what Happen.. every one sticks with their own greedy thats not a matter. A Soldier can protuct the country without any expectations. in my openion abusiness man also a soldier of economy. if you thinks you are not a soldier of india.. you can go anywhare.
Hi Akshat , is it possible to have a same business which is registered in India to register it in Dubai or Middle East ? Say for eg I have xyz company registered in India can i register the same business in UAE ?
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People who are saying that he told earlier in his "old" videos thay he won't Shift outside of India should remember one thing which is that people change and their opinion about everything changes with time and the type of harrasment people of india is facing with Taxes anyones opinion will change about this.
Btw full time investing? Can't this b done from India? Just asking.
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Petroleum industries of UAE have a corporate tax of 55%. Government also owns petroleum company there. 80% of government revenue comes from oil business.
So government can function without levying income tax on citizens. Indian government doesn't have such sources to generate income. So income tax is important here
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Tell that to the 98% of the population
I know for a lot of time he will make bakra all
Of us . Make money in India and escape .
yes, he is coward
Have you gone for FTZ, FZE kind of business registration. Or how
In Dubai, tax is housing cost indirectly. Keeps spiraling..
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People with 50-80 crores can only move out with investment and those who fall in this category don’t have time to watch your videos 😮
Bhaiya, sorry. There was a time I criticised you, Now I'm fully convinced that I want to move out.
If I have about 50 lacs rentals in India is it possible to get golden visa. How much %of rental u get over investing in residential property
Please make a separate video on finding jobs in Dubai.
It's really hard to attend conference physically.
Ek to job se chutti nehi milega+ expenses and all.
Enjoy ur life bro at UAE,
we can't shift as our income is not up to the mark, we have to take take tax burden of Indian gov..
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Akshat sir I'm studying master degree in India and I want to work in Dubai or any other middle East countries so what are options can I choose to work there like career or salary?
Yes,Please make a video for IT people to search job in Dubai from outside.
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His videos and comments will only be understood by the actual 2% of tax paying citizens. Rest all will keep commenting negative things as unhe toh charity ka fukat paisa mil hee rah hai.
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so now akshat will move his youtube income and online courses income out of India. Good job. I am not sure if it is possible for someone from outside to invest in Indian share market and not paying taxes. Kudos
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Good video but based on this information it’s not logical to move to Dubai
Many other factors matters monthly expenses parents care health care housing traffic weather affordability kids education school education colleges etc
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Please don't do Share market trading in india after you move outside. And also please learn their local language
Tax is killing honest Indians and demotivating investors,,,
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Raech-me,thanks