Learn about our event, "Nomad Capitalist Live" in Kuala Lumpur: th-cam.com/video/AqKbjXc7Zm8/w-d-xo.html Join our waiting list for Nomad Capitalist Live: nomadcapitalist.com/live/
I live in the UAE, not to forget a free zone license cost AED 20,000 dirhams or 7000 USD a year. Plus every year renewal for the same amount. Plus if you bring in your family, there visa deposit and costs are brutally staggering . I agree there are lots of hidden costs, inflation nobody is allowed to talk about, and it’s not worth doing a business and living in UAE due to exorbitant expenses anymore .
I agree with you, I know many people who struggle in Dubai just to pay for the license renewals and health insurance costs, the baseline costs are massive if you’re trying to startup and grow your business
@@TravAlligator Very volatile. If you are living long term in UAE , it’s worth it. If you just investing to make cash for 2 or 3 years, it’s risky. Those who invested in 2005 in villas and still living, they saved.a whole loads of cash plus the values of homes has risen 3 x. I would say real estate in UAE is a great idea currently, unless there’s another recession and places like Dubai are the first to bleed due to job losses, leading to market sell off.
Dubai is a place where you’ll never feel at home... you could spend your whole life living and working in UAE but you can never retire and permanently settle there.
As it should, you should use your hard earned money to improve your motherland rather than stay in another country. Look how its slowly destabilizing the western countries. Why would they give a permanent citizenship to someone that will most likely never be 100% loyal or fight for whatever country he's working in?
Dubai's environment is a nightmare. Governmental policies aren't reliable over the long-term. If you ever find yourself involved in the legal system there, you've got a real problem.
Rent for one room in an apartment is $1,000 per month. There's no free parking. You can recharge parking meter online. Driving license requires driving school which costs $2,000. Company set up costs $14,000 only in paperwork not including location rental. Even in evening you'll sweat sitting outdoors. Numerous fines on numerous violations. Kids schooling expensive as hell. Salaries for non-GCC and non-whites rock bottom. Prostitution is rampant which is the only attraction of Dubai where you can try one from just about every country. While sitting on a bench on Al Rigga Rd in Dubai, I came across a movie typa black African who applied for a job at the famous $1,000/night Burj al Arab Hotel in Dubai. They offered him a salary of 1,500/mo. He asked if salary was in dollars. No, dirhams, was the reply. That's $409/mo. Indian salesmen make even less than this and sleep on mattresses 10 to a room.
Don't fill up people brains with faults information. i have properties in UAE and it is not true what are you saying , you can get a new studio cost between $126 -200 a month. Prostitution all over the world, nothing in Dubai comparing to other countries. stop misleading the people with bullshit information that take no body to no where.
That's good being far from the west. It means far from degeneracy. As for the cost of living, it is still less expensive than many of the largest western cities such as London or NewYork. PEACE.
UAE was on the Financial Action Task Force (FATF) "grey list" which was/would have caused them major issues, the west does NOT like tax base erosion as more people work online and can do what they do anywhere in the world so they started putting major pressure on the UAE as they push for a global minimum tax, this was Dubais way of “getting in line” and getting the powers of the west off their back for a while, IN MY OPINION. I think it WILL hurt Dubai, hopefully joining BRICS will make them more resistant to that pressure in the future. The west has fallen to tyrants and Dubai is a jewel in the desert, no wokeness, safe, clean, beautiful. Let’s hope they don’t increase the tax more (but I fear they will over time as all governments do)
Georgia 1% Small Business if you qualify, go-go. Batumi = micro-Dubai, perfect summer, cold and humid winter but not much heating needed :) Make friends with the stray dogs, stay at their 7-star hotel, invest in real estate.
Dubai always had hidden taxes: visa fees, licence fees, dewa, rera, salik, tasjeel for your cars and list goes on and on. My mom used to have to visit so many govt. offices for the various licences for our businesses. and this had to be done every year.
I know many people who made less than10k and they now own 2-3 apartments. 22 years is a long time and 10k usd was a lot for you to easily save and make investments. If you cant save then dont shout.
@@aviationdesigner0016 uae properties are fake n worthless.come to Europe I get u 3bdroom villa for €300k in altalal hills AED 5M 🤣.that sands worthless dubai only for fun n leave
Being a nomad or a capitalist or both can be difficult for many people. Many want to settle down and not worry about the place they live screwing them over and moving every time that happens. Many want a secure job where they can work hard and not worry about getting fired. This is no longer the world we live in.
The idea that Dubai is a tax haven has gone for good. The government is now just trying to funnel those taxes into their pocket-a gruesome clampdown that might presumably hamper the capital inflows and upset the investors.
Monarchies, especially those in Middle Eastern nations, are unpredictable. Today, they could have great policies, but those could change for the worse quickly, at any time. Western monarchies have safeguards...not so much in places like Dubai.
@@kirinsama2959 Really? That's why you've got a bunch of abandoned luxury cars there in the airport garages. You don't know what you're talking about, bro.
As a non-US citizen/resident, I pay 0% on my USA business; its an LLC where I (1) am 100% owner, (2) Dont have employees or own buildings, its a "tax pass-through". So Im treated as self-employed and just pay personal income taxes in my domicile.
Best advise always!! You are such a gentleman and always truthful. Always enjoy watching your informative talks eventhough I am not a nomad capitalist 🤩
You still only pay the tax on profits (after expenses, salary, etc.) above 100k usd. Obviously not ideal if your business is making profits in the millions - for most businesses you're still going to pay zero or close to zero. So if Andrew is only talking about people with companies bringing in millions in profit even after paying themselves a salary, then yeah it's a good point. For the other 99% of businesses it's still a good option. For now, of course - could change in the future.
You're also forced to pay for an Audit. Even though your biz counts as "small" with its 100k. Literally no.bo.dy, that likes a no hassles life style, is going to put up with that headache.
I think years ago it was a better place but they're going down hill and their standards have dropped. Even Emirates airline is falling to the bottom. It used to be an excellent airline. Not so much now.
Challenge now in Dubai is with 9% corporate tax on profits you don’t get the benefits on taxation example free education and or health care as with UK , in addition the cost of living in Dubai has increased over the years , inflation is high against salaries which have actually gone down across the board over the last 10 years , the tax and VAT introduction in the UAE has not knocked the shine of setting up a buisness here
One point I must raise, Saudi arabia is also putting pressure on companies that are based in UAE where they wont be able to do any business in saudi if their head office is not in saudi as of this year !!!
I work in a freezone in Dubai, let me tell you there is no slow down so far. You can still set your holding company in DIFC/ADGM. The OP is suggesting Medellin as an alternative to Dubai’s business environment, that’s just a joke.
UAE have ceased to be an option for me when they first introduced the VAT. I still have business in Free Zone and on paper the business operating in the Free Zone is exempt of 9% Corporate Tax. However, UAE have already come up with the concept of non-qualifying income which is way too complicated! I am sure soon they will come up with Real Estate and Personal Income tax as well.
@@IwillEndureToTheEndlet's see ! if the guys will see how people pay already the corporate tax then coming for sure the next funny thing for us ! 100 percent ! and we small people struggling already a lot here !
They will bring neither. Real Estate is huge and already taxed with the name of 4% payment to Dubai Land Department when you purchase. The major bracket in Dubais GDP is Trade. If you bring Income tax, it's over.
@@wesco_taubert In Europe you pay tax and you actually get something for it. What do I get in Dubai? I still have to pay healthinsurance, road fees, all tickets... there is ZERO chance I'll come to Dubai with tax on capital and/or income. Zero! Then I rather stay in Europe where I have ancestry
Can you do a piece on the recent changes in taxation for foreigners living in Malaysia? I’ve gotten conflicting info and the accounting firms don’t seem sure what is the letter of the law versus practice.
Great video. Please can you do an in-depth video for all the crypto friendly countries that are zero tax and easy on-off crypto to fiat ramps please 🙏🏼
You can read our blog about The Most (and the Least) Crypto-Friendly Countries in the World: nomadcapitalist.com/finance/cryptocurrency/the-most-and-the-least-crypto-friendly-countries-in-the-world/
There's really no better city to live in with low taxes. I've been almost everywhere and there's only a handful of places that are hyper-modern, advanced, clean, safe, fast-moving, growing fast and packed with high-value entrepreneurial people. One of them is Dubai, and it has by far the best tax structure of all of these place. 0% personal income tax - draw a (large) market rate salary, no tax 0% capital gains tax - sell your company, no tax. sell assets a profit, no tax 9% corporate tax - very low compared to most other advanced countries Yes, there are countries where CIT is lower (or 0%), but they're either more difficult to move to (e.g. HK/Singapore), less expat friendly or significantly worse to live in. You mentioned Italy as a place to live. Italy is a veritable shithole (with a few notable exceptions like Como, Positano, etc). KL doesn't hold a candle to Dubai as a city. And Dublin? Give me a break. I'm telling you, I've been everywhere and there's no better option that has both low tax and is a fantastic city with great people.
@@22utoo You'll have other taxes, fees, expenses there that you might not have in other places. It all balances out. People locate there...based on one or two expenses, but ignore/are oblivious to everything else.
@@the_gilded_age_phoenix8717 The things I see that really adds a larger costs are schooling expenses for your kids, and buying fridge stove washing machine for an apartment, other than that I don't know.
Hard to find people who have actually lived in the UAE that dislike it as much as you Andrew. It’s not for everyone….neither is Asia or the EU. Depending on your type of business, it’s tax efficient. Other upsides are English speaking, amazing services, cheaper real estate than someplaces ( and you can actually own ), efficient airport and very connected, 80%+ expats. I know you scoff at Safety, but when you have teens wanting freedom, it’s a major attraction. Downside……big city, 7 months a year the weather is horrific, dusty, traffic. Banking is easy compared to EU.
Maybe im wrong but the 9% tax was due to pressure from the EU. Too many companies were opening up in Dubai to take advantage if the tax free situation.
The unpredictable situation where the authorities can impose, whatever they want overnight makes it very risky for many to move their business and live in the UAE. They can screw you, and they don’t care and in fact, you can go wherever you want. Your voice will not be heard.
@@CosmosChill7649 Emirates, Americans are the same but the thing about them is they’re clear about what they want. But Emirates, are unclear about their aims.
Agreed Dubai is dead who the hel wanna live in desert and pay 9% tax, and expenses is ridiculously high, beside that you have the geopolitical risk. If the war between Iran and Israel brak out, you will see missiles flying over your head from both direction which both will try to shut down ouside theres borthers. Beside the U.A.E government have no choice cause if they don't comply with EU force taxation they will put sanction on them and they can't even fly to EU.
Then why are soo many people including many businessman and people live there? And thats not a desert BTW. Thats a coastal city. You dont have any experience , you are talking as if you are an entry level employee, not able to save. UAE has relatively low inflation compared to other major countries.
Living in Dubai sucks. Extreme heat, Very expensive to enjoy life , they say no taxes but taxes are included in everything. You have zero savings and when you get old and useless without a job you get thrown out.
Dude is comparing Medellin or Bogota to Dubai. I remember walking the streets of Medellin scrambling to get to the hotel before the sun sets so I don't get robbed in the alley. No thank you.
This is a lei if we look the data(about violnce) is not like that, far from the truth9 even more about Bogota is much less than many cities in U.S.A)also those city aren’t artificial cities, they have live, they are real and are organically with a much beautiful and bright culture. Dbai is like a mirage only but is not real, they even could not deal with the flooding there and they have a much wort traffic than in any Latin/iberian America country because is bad protect the city, everthing is too far and you need car for everthing, it is a nightmre. They food, airplane almost everthing from us South Americans more specific Brazilian, they have no talent and can’t even create anything(luck to have oil but this will not take long to come to the end), only say to Asians engineer to create a fke cities to sell people a illusion. They even sell there fke item, fke brand, they say to the Chinese make and sell like they are new and because people like you are dmb you fall for it. Also they pay many people around the world to check everthing that go to the news only to show a "beautiful’ and "positive"side of them. I think that you match with them and is good that you be there and don’t came to south American because also I’m sure Colombian people don’t want you there.
This is a lei if we look the data is not like that, far from the truth, also those city aren’t artificial cities, they have live, they are real and are organically with a much beautiful and bright culture. Dbai is like a mirage only but is not real, they even could not deal with the flooding there. They food, airplane almost everthing from us South Americans more specific Brazilian, they have no talent and can’t even create anything(luck to have oil but this will not take long to come to the end), only say to Asians engineer to create a fke cities to sell people a illusion. They even sell there fke item, fke brand, they say to the Chinese make and sell like they are new and because people like you are dmb you fall for it. Also they pay many people around the world to check everthing that go to the news only to show a "beautiful’ and "positive"side of them. I think that you match with them and is good that you be there and don’t came to south American because also I’m sure Colombian people don’t want you there.
Brazilian jet is the best and best-selling in the world Embraer’s Phenom 300 series light jets have been the best-selling jets in the world for 12 years. In 2023 alone, 63 units were delivered
Please take care saying anything negative about Dubai you need only read Detained in Dubai to understand!!! You mean well, and it is a fair assessment, but the UAE doesn't like criticism.
"Killed in America ( or UK)" are unlikely to be telecast on youtube or the mainstream media, but does that mean it does nt happen? Please understand the capitalist world loves opinions only as long as it suits their narrative
@jeremybarlow2291 The problem is that UAE likes to abuse Interpol Red notices. I hope so because all he says is perfectly true, but they don't have much of a sense of humor there in the Emirates.
100% agreed. One of our friends .. an Emirati was detained in Jordan (he is a Turkish citizen of Emirati descent) and sent back to Abu Dhabi … he’s now rotting in a jail cell.
Hi there Nomad ! Was wondering your opinion on Andorra ? What are your thoughts ? Would love if you could make a similar video on it ? It’s 4,5% there… and amazing quality of life
Here's the thing. If you live in a city with any proper public infrastructure and other social government systems, there's only so much time they can run the place without or low taxation and you need infrastructure like roads and the internet for your business. Mark my words, eventually, there will not be a single city in the world without taxation. Instead, you should build your business wherever you are, staying in one place ensures you build a massive network that will help you, also due to remote nature of many industries, you build an international network where you are and also, governments have a lot incentives depending on where you are. Stop running away from taxation. Instead, pay your fair share and figure out a way to be smart about it.
Jurisdictions like Monaco, Hong Kong, and some Caribbean tax havens get a free ride on defense from a larger power, allowing them to set low tax rates. Places like Singapore and Dubai need to maintain their own defense forces, so any low tax regimes should be seen as temporary, especially if the region has ongoing conflicts.
@@CosmosChill7649 Who is the UAE getting a free ride on defense from? Can they be sure that they'll be defended when war breaks out? To the extent that Monaco can depend on France or Hong Kong can depend on China?
This very misleading information, the vast majority of businesses will pay 0 rated tax as they qualify for the small business relief. Licensing costs is also going down s
In Italy, the fiscal regime known as the "flat tax" of 100,000 euros is an option for individuals who transfer their tax residence to Italy. This fixed tax offers favorable tax treatment to "new residents" who choose to move their tax residence to the country. Those who opt into this regime pay a flat tax of 100,000 euros per year on income produced abroad, regardless of the amount of that income. The aim of this measure is to attract high-net-worth individuals, such as entrepreneurs, artists, or athletes, who might generate significant income outside of Italy. This regime has a maximum duration of 15 years, after which the individual's foreign income will be taxed according to the normal Italian tax rates. Additionally, family members can be added to the regime, with an extra tax of 25,000 euros per family member included. The flat tax covers most types of foreign income but excludes specific categories, such as income from real estate located in Italy. The 100,000-euro flat tax is part of a package of fiscal incentives aimed at making Italy an attractive destination for investors and global talent.
I have been living 17 years in Dubai as Entrepreneur with parents and siblings. The most valuable thing and worth it in Dubai United Arab Emirates is the most SAFE country in the World ❤❤❤ 🎉Living safely for what it may COST is worth a Million 😊
Rich people dystopia in the desert. Scathing climate. Piss poor air quality. Worst urban planning ever devised by man. A slave state. Police state. Now taxed as well. How appealing😂
Dubai's climate is hot for about 3-4 months a year, but for the rest of the year, it offers pleasant weather, making it a great escape from the harsh winters of Europe and Canada. The city is one of the safest globally, with much lower crime rates compared to cities like London and Dortmund. Its tax-free environment and pro-business policies attract entrepreneurs and professionals, drawing young talent who seek both opportunity and quality of life. Under visionary leadership, Dubai continues to invest in innovation, sustainability, and inclusivity, ensuring it remains a global hub for growth and progress. Personally, I’ve invested in two properties in Dubai, and the ROI has been excellent, further highlighting the city's strong economic potential.
Cancer always starts from small cells matter of time it becomes big same with these countries wait till they start going for 35-40%. Saudi already has implemented 20% and more tax, those countries aren’t the same as they used to.
In Thailand and Indonesia you will pay less than 30% a year for taxes you just have to be financially stable.What I like about Malaysia is that they do not popularize there country because they don’t want a huge influx of foreigners coming.Malaysia isn’t going to just have anyone come in.They sucked everyone into Dubai and turned the table on them.I wish people do there on research and stop waiting for someone else to present everything to you.
I'm very inclined towards Malaysia over UAE to get a residence by property. However, Malaysia's MM2H program requires you to live at least 60 days a year in the country and also has a flat 30% income tax on rental income. UAE investor visa on the other hand does not have a minimum stay requirement and has 0% tax on rental income. My heart says Malaysia but my mind says UAE. I'm confused.
@@TravAlligator you forgot Malaysia also has a income requirement for MM2H its not really high but as of right now mainly only retired foreigners and high net worth individuals can only afford it mostly.
@@jamalgreen3056 No. The MM2H program in 2024 has relaxed the rule. They have removed the requirement for showing a minimum income to attract more investors.
I think a better comparison to present would be a total cost of living including corp. tax ( for business owners) license fees, tolls etc. etc. and don’t forget inflation rate. Then compare it with BVI so we get to see the net impact on our pockets
Living in Dubai for 3 years...lived in London before for 11 years and am from germamy originally. In Dubai, i earn and save much more than in Europe and i live at a higher standard. Its fairly easy to settle in.
UAE/Dubai fanboys need to give Andrew credit. He is actively assisting the UAE to lose that Tax haven status, through these videos. The UAE now for a some people might now be a good option due to this, as personal income tax still remains at 0%.
It is much better to be in a place where the tax rules for you are that you are paying no tax or basically no tax, but the top line rules require fairly hefty taxes so most people do not look at them. Also those countries tend to have infrastructure. I mean which with all of the loopholes and deductions makes the US a very tax favorable place for many. I mean if you plan your deductions correctly you may be paying zero tax even with the AMT because you have enough expenses that are considered ordinary and necessary business expenses to avoid tax.
In India foreign or Indian companies actually don't pay taxes,90% of the tax payable legally is avoided and it is aided by a network of chartered accountants to the tax authorities and a part of the cut goes to the local and national politician. So everyone is happy...
It makes no difference whether the UAE is taxed at 9% or 0%, because here in Thailand i.e. the difference is taxed, when you bring it in. True, or not?
@@IwillEndureToTheEndThe moment you bring the money to Thailand it will be taxed. Namely taxed is the difference between Thai taxrate and VAE Tax rate. This is how I understand the new rules in Thailand and this is why so many expats are on the way leaving Thailand or don't even want to come anymore to Thailand.
Well said. I always knew they would flip on that tax free, it is too tempting given they now have a huge market share of companies in the middle east who have established themselves there.
Uae is very central ,gas, restaurants and groceries are cheap. It's safe and eight out of 12 months it's nice weather. I'm willing to pay 9% company tax for that.
I have a question, if you buy an apartment for rental in UAE but you live in the USA, do you have to pay tax for rental income when you transfer the money into your USA Bank?
I've been going to Dubai for 25 years. The buildings and infrastructure are now built, the westerners are going back to where they came from, the buildings are generally empty. The Oil Tankers are still lined up for 200 miles off shore on the Gulf of Oman side. I'm not going back, and did I mention, it is blast furnace hot except for a few months a year (December - March)
This is completely untrue. Real estate demand/prices are the highest theyve been for a decade and there is more demand than ever for jobs from 'western expats', including Russians and Ukrainians of course.
The other opinion is that Dubai will fly high because it will soon dispense with expensive traditional energy and switch to renewable alternative energy through nuclear plants, and this will greatly reduce the costs of service fees there in the coming decades.
Also lots of people not telling people don't realise world wide tax laibilities such as UK residents 4k set up and filing 4k fees not disclosed in my opinion
In this article, we discuss Ireland’s Non-dom programme by examining how it works and its lifestyle and taxation benefits: nomadcapitalist.com/finance/pay-low-taxes-in-ireland/
Learn about our event, "Nomad Capitalist Live" in Kuala Lumpur: th-cam.com/video/AqKbjXc7Zm8/w-d-xo.html
Join our waiting list for Nomad Capitalist Live: nomadcapitalist.com/live/
I live in the UAE, not to forget a free zone license cost AED 20,000 dirhams or 7000 USD a year. Plus every year renewal for the same amount. Plus if you bring in your family, there visa deposit and costs are brutally staggering . I agree there are lots of hidden costs, inflation nobody is allowed to talk about, and it’s not worth doing a business and living in UAE due to exorbitant expenses anymore .
I agree with you, I know many people who struggle in Dubai just to pay for the license renewals and health insurance costs, the baseline costs are massive if you’re trying to startup and grow your business
@@Sodainspace not great for start ups and those with profit less than $80000 /year
Hm, Batumi, Georgia 1% Small Business here I come
What's your opinion on foreigners investing in real estate for rental income? Is Dubai a good place to invest?
@@TravAlligator Very volatile. If you are living long term in UAE , it’s worth it. If you just investing to make cash for 2 or 3 years, it’s risky. Those who invested in 2005 in villas and still living, they saved.a whole loads of cash plus the values of homes has risen 3 x. I would say real estate in UAE is a great idea currently, unless there’s another recession and places like Dubai are the first to bleed due to job losses, leading to market sell off.
Dubai is a place where you’ll never feel at home... you could spend your whole life living and working in UAE but you can never retire and permanently settle there.
Yeah you will not get the citizenship, but if you can make enough money, you get the golden visa
Dosent matter how many businesses you own there you can never call dubai your own home.
As it should, you should use your hard earned money to improve your motherland rather than stay in another country. Look how its slowly destabilizing the western countries. Why would they give a permanent citizenship to someone that will most likely never be 100% loyal or fight for whatever country he's working in?
@@everydayfun9531 What does that even mean 'your own home'. Life is fleeting you can't consider anything on this earth as home
Dubai's environment is a nightmare. Governmental policies aren't reliable over the long-term. If you ever find yourself involved in the legal system there, you've got a real problem.
@@the_gilded_age_phoenix8717 don't be involved, and your right will come to you
@@the_gilded_age_phoenix8717 everyone is treated well in the UAE,
you can't say policies aren't reliable :)
This is the one thing that bothers me about moving to another country.... In 8-15 years shit is gonna hit the fan eventually...
I guess what Andrew would say is make sure you have residence permits in multiple countries so that you can always bounce if the going gets rough
Impermanence - nothing in life stays the same.
Your country gets worse as well
@@tf2368 this
Then you move again no problem
Rent for one room in an apartment is $1,000 per month. There's no free parking. You can recharge parking meter online. Driving license requires driving school which costs $2,000. Company set up costs $14,000 only in paperwork not including location rental. Even in evening you'll sweat sitting outdoors. Numerous fines on numerous violations. Kids schooling expensive as hell. Salaries for non-GCC and non-whites rock bottom. Prostitution is rampant which is the only attraction of Dubai where you can try one from just about every country.
While sitting on a bench on Al Rigga Rd in Dubai, I came across a movie typa black African who applied for a job at the famous $1,000/night Burj al Arab Hotel in Dubai. They offered him a salary of 1,500/mo. He asked if salary was in dollars. No, dirhams, was the reply. That's $409/mo. Indian salesmen make even less than this and sleep on mattresses 10 to a room.
haha the last point 😅
Where do I sign up? 😂
Still chaper the USA .uk ca
Don't fill up people brains with faults information. i have properties in UAE and it is not true what are you saying , you can get a new studio cost between $126 -200 a month. Prostitution all over the world, nothing in Dubai comparing to other countries. stop misleading the people with bullshit information that take no body to no where.
@@joshw7974
😂😂
Right!
He undermined his entire argument with that last point
🍆🍆
New taxes, high cost of living, extreme weather, too far from the west, I think the trend is clear
Very close to Europe
Me theory is less Westerners more Asian expats
That's good being far from the west. It means far from degeneracy. As for the cost of living, it is still less expensive than many of the largest western cities such as London or NewYork. PEACE.
Why would you want to leave the West just to live close to the West?
High cost of living?
Complaints of a poor person. Dubai is cheaper than American cities.
Now I understand why Dubai is marketed so much. Thanks you.
UAE was on the Financial Action Task Force (FATF) "grey list" which was/would have caused them major issues, the west does NOT like tax base erosion as more people work online and can do what they do anywhere in the world so they started putting major pressure on the UAE as they push for a global minimum tax, this was Dubais way of “getting in line” and getting the powers of the west off their back for a while, IN MY OPINION. I think it WILL hurt Dubai, hopefully joining BRICS will make them more resistant to that pressure in the future. The west has fallen to tyrants and Dubai is a jewel in the desert, no wokeness, safe, clean, beautiful. Let’s hope they don’t increase the tax more (but I fear they will over time as all governments do)
You described it perfectly
Do u also know what kind of major issues this would caused to the UAE being on that list?
Dubai & the UAE in general is a trojan horse & what's coming next to them will hurt them even more & BRICS will get rid of them in due time.
Financial Action Task Force (FATF) is a criminal racket run by the Junited States of America
@@zerma6UAE is not on grey list anymore
I am with you. I prefer Malaysia over Dubai.
In my neck of the woods it’s 35% tax, so I would happily pay 9% any day.
It is 9% today. It will increase progressively over time.
@@newbiekhyber This.
@user-nm9qd6bo6h 9% is still less than 35%
@@newbiekhyber No , they are not that stupid. they are keeping it below Ireland and singapore
Georgia 1% Small Business if you qualify, go-go.
Batumi = micro-Dubai, perfect summer, cold and humid winter but not much heating needed :) Make friends with the stray dogs, stay at their 7-star hotel, invest in real estate.
Dubai always had hidden taxes: visa fees, licence fees, dewa, rera, salik, tasjeel for your cars and list goes on and on. My mom used to have to visit so many govt. offices for the various licences for our businesses. and this had to be done every year.
Shame on you for making your mom run around. You are not a good son.
@@shafieks8718lol
The secret of Dubai's success has been its ability to attract TH-cam and social media influencers, who have provided the city with free advertising.
Marketer do it for money. They use fancy term called affilate marketing. Many companies and startup fail in Dubai.
Dubai has been booming long before the rise of influencers. In any case anyone who beleives influencers deserves to be conned.
I lived 22 yrs in dxb my salary was $10k I couldn't save any money I left in 2018.dxb only payments no money
This is story of 99% of people. The UAE all policies are designed to snatch aal money from you.
I know many people who made less than10k and they now own 2-3 apartments. 22 years is a long time and 10k usd was a lot for you to easily save and make investments. If you cant save then dont shout.
@@aviationdesigner0016 uae properties are fake n worthless.come to Europe I get u 3bdroom villa for €300k in altalal hills AED 5M 🤣.that sands worthless dubai only for fun n leave
22 yrs/10k$ monthly and couldn't save? bruh you need to teach on what NOT to do lol. That's an epic fail.
You'll be in debt in Dubai that's all.
Being a nomad or a capitalist or both can be difficult for many people. Many want to settle down and not worry about the place they live screwing them over and moving every time that happens. Many want a secure job where they can work hard and not worry about getting fired. This is no longer the world we live in.
Get a job with the federal government, virtually impossible to get fired.
@@MuzixMakerJavier Millei proves that can change election to election.
@@dentside78 I’m talking US.
@@dentside78he's a comunist bro. Iive in Argentina. The only thing he does is double the taxes ....
It was never more than a fantasy for more than a lucky few
The idea that Dubai is a tax haven has gone for good. The government is now just trying to funnel those taxes into their pocket-a gruesome clampdown that might presumably hamper the capital inflows and upset the investors.
Honestly, it sucks only for those who want to earn money there.
@@kirinsama2959no personal income tax. Safe, clean, great quality of life lots to do. That enough should be it.
Monarchies, especially those in Middle Eastern nations, are unpredictable. Today, they could have great policies, but those could change for the worse quickly, at any time. Western monarchies have safeguards...not so much in places like Dubai.
@@the_gilded_age_phoenix8717 So funny, because the exact opposite is true in real life.
@@kirinsama2959 Really? That's why you've got a bunch of abandoned luxury cars there in the airport garages. You don't know what you're talking about, bro.
As a non-US citizen/resident, I pay 0% on my USA business; its an LLC where I (1) am 100% owner, (2) Dont have employees or own buildings, its a "tax pass-through". So Im treated as self-employed and just pay personal income taxes in my domicile.
only service provider ? No local VAT in USA ? registered in which US state ?
I use that as well, question is... where do you reside? What's the tax rate in your country?
Best advise always!! You are such a gentleman and always truthful. Always enjoy watching your informative talks eventhough I am not a nomad capitalist 🤩
Thank you so much for your kind words and support! We're happy to hear that you find our content informative and enjoyable!
I live in Dubai, it's the safest place I've ever been to by far. You can think of the tax as a contribution towards your safety!
You still only pay the tax on profits (after expenses, salary, etc.) above 100k usd. Obviously not ideal if your business is making profits in the millions - for most businesses you're still going to pay zero or close to zero. So if Andrew is only talking about people with companies bringing in millions in profit even after paying themselves a salary, then yeah it's a good point. For the other 99% of businesses it's still a good option. For now, of course - could change in the future.
I think it's a million dollar turn over so for small companies it works well. It's what I was doing before I lost my business to an aquation
It starts with 9% and a very high threshold. Then the threshold starts getting lower and the tax rate strats getting higher ;)
It’s even better to have a little tax for French people . If the tax was 0 I wouldn’t be able to have my holding there while living in France .
You're also forced to pay for an Audit. Even though your biz counts as "small" with its 100k. Literally no.bo.dy, that likes a no hassles life style, is going to put up with that headache.
@marketingteam3128 yes that's the worse imo. Freezones was good before. Now it is too expensive for startups.
9% for a sandbox is expensive. It's a circus, good for a few days of vacation, who would wanna live in a concrete jungle in the desert
I think years ago it was a better place but they're going down hill and their standards have dropped. Even Emirates airline is falling to the bottom. It used to be an excellent airline. Not so much now.
Where I am its amazing, birds chirping, smell of ozone from all the greenery. Depends what neighborhood you reside.
@GlobalAdventurer 😢 now a 4 star airlines and SE Asia is doing laps on them. UAE is not a long term thing.
@@GlobalAdventurer the day they stopped serving pineapple juice on their flights was the day I knew the golden years were over.....
@@rozzziee 😂
Challenge now in Dubai is with 9% corporate tax on profits you don’t get the benefits on taxation example free education and or health care as with UK , in addition the cost of living in Dubai has increased over the years , inflation is high against salaries which have actually gone down across the board over the last 10 years , the tax and VAT introduction in the UAE has not knocked the shine of setting up a buisness here
@@michaelodonoghue7688 many jobs/sectors offer free education and health care, maybe your company didn't but don't limit other peoples chances
IN the UK, you pay Capital Gains Tax on sale of stock and property. You when get hit with inheritance tax at 40%.
One point I must raise, Saudi arabia is also putting pressure on companies that are based in UAE where they wont be able to do any business in saudi if their head office is not in saudi as of this year !!!
I work in a freezone in Dubai, let me tell you there is no slow down so far. You can still set your holding company in DIFC/ADGM. The OP is suggesting Medellin as an alternative to Dubai’s business environment, that’s just a joke.
you are dumb. Medelin is for living instead of hot desert , biz can be anywhere
This was a paid video to undermine Dubai.
I agree that taxing for free zone companies is not really a good deal.
This particular little video …. I have to say thank you thank you and thank you again again.
UAE have ceased to be an option for me when they first introduced the VAT. I still have business in Free Zone and on paper the business operating in the Free Zone is exempt of 9% Corporate Tax. However, UAE have already come up with the concept of non-qualifying income which is way too complicated! I am sure soon they will come up with Real Estate and Personal Income tax as well.
The moment they introduce Personal Income Tax on capital gains and income, Dubai will meet its end. I don't think they are that suicidal.
correct ! if , there coming with personal tax , the city will die in the same moment ! that's for sure !
@@IwillEndureToTheEndlet's see ! if the guys will see how people pay already the corporate tax then coming for sure the next funny thing for us ! 100 percent ! and we small people struggling already a lot here !
They will bring neither. Real Estate is huge and already taxed with the name of 4% payment to Dubai Land Department when you purchase. The major bracket in Dubais GDP is Trade. If you bring Income tax, it's over.
@@wesco_taubert In Europe you pay tax and you actually get something for it. What do I get in Dubai? I still have to pay healthinsurance, road fees, all tickets... there is ZERO chance I'll come to Dubai with tax on capital and/or income. Zero! Then I rather stay in Europe where I have ancestry
LOL@ "lots of Digital Nomads running around wanting to get laid" - SO TRUE 🤣👍
Can you do a piece on the recent changes in taxation for foreigners living in Malaysia? I’ve gotten conflicting info and the accounting firms don’t seem sure what is the letter of the law versus practice.
then why would ppl use his service ?
Great video. Please can you do an in-depth video for all the crypto friendly countries that are zero tax and easy on-off crypto to fiat ramps please 🙏🏼
You can read our blog about The Most (and the Least) Crypto-Friendly Countries in the World: nomadcapitalist.com/finance/cryptocurrency/the-most-and-the-least-crypto-friendly-countries-in-the-world/
There's really no better city to live in with low taxes. I've been almost everywhere and there's only a handful of places that are hyper-modern, advanced, clean, safe, fast-moving, growing fast and packed with high-value entrepreneurial people. One of them is Dubai, and it has by far the best tax structure of all of these place.
0% personal income tax - draw a (large) market rate salary, no tax
0% capital gains tax - sell your company, no tax. sell assets a profit, no tax
9% corporate tax - very low compared to most other advanced countries
Yes, there are countries where CIT is lower (or 0%), but they're either more difficult to move to (e.g. HK/Singapore), less expat friendly or significantly worse to live in.
You mentioned Italy as a place to live. Italy is a veritable shithole (with a few notable exceptions like Como, Positano, etc). KL doesn't hold a candle to Dubai as a city. And Dublin? Give me a break. I'm telling you, I've been everywhere and there's no better option that has both low tax and is a fantastic city with great people.
CIT? I hate to google when eggheads try to flash with their abbreviations... just write fucing corportate tax
HK and Singapore is easy to move to if you know what you are doing
It doesn't really matter. Singapore has higher taxes than the UAE. HK you can get it lower but I'd still choose Dubai to live over HK.
Depends on you,Hong Kong has a more favourable climate and more cosmopolitan than Dubai,but it all depends on what you are looking for
@@khanaliqasim1757 I actually agree that HK vs Dubai is a reasonable argument. But Dubai vs KL/Dublin/Italian cities is absurd.
In the UAE, there are no personal income taxes; this includes no tax on interest or dividends earned.
They just take the money out of you in different ways.
@@the_gilded_age_phoenix8717 Like how?
@@22utoo You'll have other taxes, fees, expenses there that you might not have in other places. It all balances out. People locate there...based on one or two expenses, but ignore/are oblivious to everything else.
@@the_gilded_age_phoenix8717 The things I see that really adds a larger costs are schooling expenses for your kids, and buying fridge stove washing machine for an apartment, other than that I don't know.
@@22utoo Enormous license fees to register businesses. Many people pay like $50K per year for a IFZA business license.. just to live there "tax fee".
Hard to find people who have actually lived in the UAE that dislike it as much as you Andrew. It’s not for everyone….neither is Asia or the EU. Depending on your type of business, it’s tax efficient. Other upsides are English speaking, amazing services, cheaper real estate than someplaces ( and you can actually own ), efficient airport and very connected, 80%+ expats. I know you scoff at Safety, but when you have teens wanting freedom, it’s a major attraction. Downside……big city, 7 months a year the weather is horrific, dusty, traffic. Banking is easy compared to EU.
Nobody said we disliked it and nobody here scoffs at safety. Those are your projections.
Fair enough. It was just the impression I had after watching your clip.
@@af-jo6mci had same impression sir i can feel he has something personal with Dubai lol
@@landoincu5321 you are dumb. He is just stating compared to Dubai with 9% tax now , there are others places with lower taxes and good security
@@lovetheprophets , Agreed. many more natural places with diversity of nature. Where do you live now
Maybe im wrong but the 9% tax was due to pressure from the EU. Too many companies were opening up in Dubai to take advantage if the tax free situation.
from great con USA not EU.
Dubai’s taxing investors a whole 9%?!?! OUTRAGEOUS! My tax rate in Canada last year was only 31%
The services and quality of life count for nothing to you? I lived in Dubai for a few years. Need to be paid a lot more to make me live there.
@@RayMelville Not great for low paid employees. For multi million profit making companies , its great
@@davelawson2564 Are you a multi million company or an employee?
I would happily pay only 31%!😂 between 53% and 73% here in sweden😅
@@simonbern There’s no free lunch.
The unpredictable situation where the authorities can impose, whatever they want overnight makes it very risky for many to move their business and live in the UAE. They can screw you, and they don’t care and in fact, you can go wherever you want. Your voice will not be heard.
No human rights there
Best place for a company is bvi with a bank account in UK and Switzerland
I'm still working on planning my personal tax residency
BVI??
could you please CTU because those abbreviations are GMOTN
@@redzebra6688 british virgin islands..git gud man
I agree
Dubai changes rules eveyday... hate it
like what??
I told you before don’t trust them
Ya habibi 😂 come!
next year 25% 🤣💨💨
lol why would you trust any govt?
Who - Americans?
@@CosmosChill7649 Emirates, Americans are the same but the thing about them is they’re clear about what they want. But Emirates, are unclear about their aims.
@@CosmosChill7649 As well, misleading people can destroy lives in a sec. Nothing special about them
Agreed Dubai is dead who the hel wanna live in desert and pay 9% tax, and expenses is ridiculously high, beside that you have the geopolitical risk. If the war between Iran and Israel brak out, you will see missiles flying over your head from both direction which both will try to shut down ouside theres borthers.
Beside the U.A.E government have no choice cause if they don't comply with EU force taxation they will put sanction on them and they can't even fly to EU.
Then why are soo many people including many businessman and people live there? And thats not a desert BTW. Thats a coastal city. You dont have any experience , you are talking as if you are an entry level employee, not able to save. UAE has relatively low inflation compared to other major countries.
Living in Dubai sucks. Extreme heat, Very expensive to enjoy life , they say no taxes but taxes are included in everything. You have zero savings and when you get old and useless without a job you get thrown out.
Dude is comparing Medellin or Bogota to Dubai. I remember walking the streets of Medellin scrambling to get to the hotel before the sun sets so I don't get robbed in the alley. No thank you.
Dubai Safety is Guaranteed
This is a lei if we look the data(about violnce) is not like that, far from the truth9 even more about Bogota is much less than many cities in U.S.A)also those city aren’t artificial cities, they have live, they are real and are organically with a much beautiful and bright culture. Dbai is like a mirage only but is not real, they even could not deal with the flooding there and they have a much wort traffic than in any Latin/iberian America country because is bad protect the city, everthing is too far and you need car for everthing, it is a nightmre.
They food, airplane almost everthing from us South Americans more specific Brazilian, they have no talent and can’t even create anything(luck to have oil but this will not take long to come to the end), only say to Asians engineer to create a fke cities to sell people a illusion.
They even sell there fke item, fke brand, they say to the Chinese make and sell like they are new and because people like you are dmb you fall for it.
Also they pay many people around the world to check everthing that go to the news only to show a "beautiful’ and "positive"side of them.
I think that you match with them and is good that you be there and don’t came to south American because also I’m sure Colombian people don’t want you there.
This is a lei if we look the data is not like that, far from the truth, also those city aren’t artificial cities, they have live, they are real and are organically with a much beautiful and bright culture. Dbai is like a mirage only but is not real, they even could not deal with the flooding there.
They food, airplane almost everthing from us South Americans more specific Brazilian, they have no talent and can’t even create anything(luck to have oil but this will not take long to come to the end), only say to Asians engineer to create a fke cities to sell people a illusion.
They even sell there fke item, fke brand, they say to the Chinese make and sell like they are new and because people like you are dmb you fall for it.
Also they pay many people around the world to check everthing that go to the news only to show a "beautiful’ and "positive"side of them.
I think that you match with them and is good that you be there and don’t came to south American because also I’m sure Colombian people don’t want you there.
Brazilian jet is the best and best-selling in the world
Embraer’s Phenom 300 series light jets have been the best-selling jets in the world for 12 years. In 2023 alone, 63 units were delivered
Please take care saying anything negative about Dubai you need only read Detained in Dubai to understand!!!
You mean well, and it is a fair assessment, but the UAE doesn't like criticism.
"Killed in America ( or UK)" are unlikely to be telecast on youtube or the mainstream media, but does that mean it does nt happen? Please understand the capitalist world loves opinions only as long as it suits their narrative
If you pay attention you know he transits through Istanbul not Dubai or Doha.
@jeremybarlow2291 The problem is that UAE likes to abuse Interpol Red notices. I hope so because all he says is perfectly true, but they don't have much of a sense of humor there in the Emirates.
100% agreed. One of our friends .. an Emirati was detained in Jordan (he is a Turkish citizen of Emirati descent) and sent back to Abu Dhabi … he’s now rotting in a jail cell.
@@momplaygroupfouz4946why?
Its corporate tax, still less than a lot of other places.
Still pretty better than Ireland 😊
Ireland have 40% tax!
UAE is also the last country you want to mess around and find out. So people should really follow the rules there!
Hi there Nomad ! Was wondering your opinion on Andorra ? What are your thoughts ? Would love if you could make a similar video on it ? It’s 4,5% there… and amazing quality of life
Malaysia. Malaysia calling you 💓💓💓💓😍😍
Thank you Andrew!!
Fall of Dubai is coming shortly
On what basis
That’s definitely not gonna happen
@@XYZ948a probably a Islamophobic bot. Actually UAE is actually a CIA outreach program only
Thanks. ❤❤❤❤❤❤. For. Latest. News.
Here's the thing. If you live in a city with any proper public infrastructure and other social government systems, there's only so much time they can run the place without or low taxation and you need infrastructure like roads and the internet for your business. Mark my words, eventually, there will not be a single city in the world without taxation. Instead, you should build your business wherever you are, staying in one place ensures you build a massive network that will help you, also due to remote nature of many industries, you build an international network where you are and also, governments have a lot incentives depending on where you are. Stop running away from taxation. Instead, pay your fair share and figure out a way to be smart about it.
Jurisdictions like Monaco, Hong Kong, and some Caribbean tax havens get a free ride on defense from a larger power, allowing them to set low tax rates.
Places like Singapore and Dubai need to maintain their own defense forces, so any low tax regimes should be seen as temporary, especially if the region has ongoing conflicts.
Taxation is theft/extortion.
@@BoHan92 same applies to UAE, regarding defense
@@CosmosChill7649 Who is the UAE getting a free ride on defense from? Can they be sure that they'll be defended when war breaks out? To the extent that Monaco can depend on France or Hong Kong can depend on China?
Hey Andrew great info as always, did you hear about Spain? They are ending their golden visa program.
7:46 😮 There’s no beating the ‘my-private-jet-is-ready’ flex
It would be interesting to know your thoughts on the Canadian new capital gains tax and its implications to investments and inheritances
I wonder if I live in UAE (I'm an EU citizen) and I invest in the London stock exchange (I use trading212) should I pay any tax?
Working as a business consultant I feel the drastic change since cit intro last year
This very misleading information, the vast majority of businesses will pay 0 rated tax as they qualify for the small business relief. Licensing costs is also going down s
Our clients are earning $500,000 at a minimum and often well into the seven and eight figures. They wouldn’t pay zero tax.
I don't think he's talking about the majority, his videos are towards his affluent clients and leads
the vast majority of businesses pay the tax.
the business owning poor/middle class is not his target commie
This video is not for rag pickers, kindly comment responsibly. If you are a multimillionaire then only it's worth thinking or commenting
Biggest thing happening in Dubai right now is that salaries have collapsed.
Please keep good work 😊
What Bank do you advise for a UAE cooperate bank account?
I don’t get why you say that Italy is a good place to pay taxes… I live in Italy and I pay 22% VAT and over 50% 😤
Can you explain me?
for expats with tax residency program with just $100000 annual tax. great for millionaires
In Italy, the fiscal regime known as the "flat tax" of 100,000 euros is an option for individuals who transfer their tax residence to Italy. This fixed tax offers favorable tax treatment to "new residents" who choose to move their tax residence to the country.
Those who opt into this regime pay a flat tax of 100,000 euros per year on income produced abroad, regardless of the amount of that income. The aim of this measure is to attract high-net-worth individuals, such as entrepreneurs, artists, or athletes, who might generate significant income outside of Italy.
This regime has a maximum duration of 15 years, after which the individual's foreign income will be taxed according to the normal Italian tax rates. Additionally, family members can be added to the regime, with an extra tax of 25,000 euros per family member included. The flat tax covers most types of foreign income but excludes specific categories, such as income from real estate located in Italy.
The 100,000-euro flat tax is part of a package of fiscal incentives aimed at making Italy an attractive destination for investors and global talent.
theres flat tax system for high income earners where its 100k flat
Dont forget the recent introduction of mandatory audits that MUST be paid by the company being audited.
I have been living 17 years in Dubai as Entrepreneur with parents and siblings. The most valuable thing and worth it in Dubai United Arab Emirates is the most SAFE country in the World ❤❤❤ 🎉Living safely for what it may COST is worth a Million 😊
It's a shithole. It's not safe for the slaves
Rich people dystopia in the desert. Scathing climate. Piss poor air quality. Worst urban planning ever devised by man. A slave state. Police state. Now taxed as well. How appealing😂
It is clear that you are not rich or smart... you seem to just want to blab without attempting to comprehend what is going on.
@@moataz989 Can you elaborate on that? What is going on?
Dubai's climate is hot for about 3-4 months a year, but for the rest of the year, it offers pleasant weather, making it a great escape from the harsh winters of Europe and Canada. The city is one of the safest globally, with much lower crime rates compared to cities like London and Dortmund. Its tax-free environment and pro-business policies attract entrepreneurs and professionals, drawing young talent who seek both opportunity and quality of life. Under visionary leadership, Dubai continues to invest in innovation, sustainability, and inclusivity, ensuring it remains a global hub for growth and progress. Personally, I’ve invested in two properties in Dubai, and the ROI has been excellent, further highlighting the city's strong economic potential.
@basharalkhatib594 You really are a shill aren't you
Cancer always starts from small cells matter of time it becomes big same with these countries wait till they start going for 35-40%. Saudi already has implemented 20% and more tax, those countries aren’t the same as they used to.
Saudi has corporation tax for decades.. (just FYI)
@@msk1619ik m talking bout the 20% compulsory taxes they want you to pay.
Corporation tax in Saudi was never optional …
@@msk1619 m talking bout the zakat
In Thailand and Indonesia you will pay less than 30% a year for taxes you just have to be financially stable.What I like about Malaysia is that they do not popularize there country because they don’t want a huge influx of foreigners coming.Malaysia isn’t going to just have anyone come in.They sucked everyone into Dubai and turned the table on them.I wish people do there on research and stop waiting for someone else to present everything to you.
I'm very inclined towards Malaysia over UAE to get a residence by property. However, Malaysia's MM2H program requires you to live at least 60 days a year in the country and also has a flat 30% income tax on rental income. UAE investor visa on the other hand does not have a minimum stay requirement and has 0% tax on rental income. My heart says Malaysia but my mind says UAE. I'm confused.
@@TravAlligator you forgot Malaysia also has a income requirement for MM2H its not really high but as of right now mainly only retired foreigners and high net worth individuals can only afford it mostly.
@@jamalgreen3056 No. The MM2H program in 2024 has relaxed the rule. They have removed the requirement for showing a minimum income to attract more investors.
What about if you don't have a business, just personal income from real estate in UAE, than is there a tax for us?
No
@@CosmosChill7649 Thanks
I think a better comparison to present would be a total cost of living including corp. tax ( for business owners) license fees, tolls etc. etc. and don’t forget inflation rate. Then compare it with BVI so we get to see the net impact on our pockets
good information
Dubai has gotten to big for its own good I truly believe QATAR 🇶🇦 Saudi 🇸🇦 are gonna step up and take market share from dubai
Living in Dubai for 3 years...lived in London before for 11 years and am from germamy originally. In Dubai, i earn and save much more than in Europe and i live at a higher standard. Its fairly easy to settle in.
That's because you are white 😅
UAE/Dubai fanboys need to give Andrew credit. He is actively assisting the UAE to lose that Tax haven status, through these videos.
The UAE now for a some people might now be a good option due to this, as personal income tax still remains at 0%.
İn real Estate there is very good money. The Roi is much better then my country. And future seems bright if you make good real estate investments.
It is much better to be in a place where the tax rules for you are that you are paying no tax or basically no tax, but the top line rules require fairly hefty taxes so most people do not look at them. Also those countries tend to have infrastructure.
I mean which with all of the loopholes and deductions makes the US a very tax favorable place for many. I mean if you plan your deductions correctly you may be paying zero tax even with the AMT because you have enough expenses that are considered ordinary and necessary business expenses to avoid tax.
In India foreign or Indian companies actually don't pay taxes,90% of the tax payable legally is avoided and it is aided by a network of chartered accountants to the tax authorities and a part of the cut goes to the local and national politician.
So everyone is happy...
In India only salaried people pay tax 😒
It makes no difference whether the UAE is taxed at 9% or 0%, because here in Thailand i.e. the difference is taxed, when you bring it in. True, or not?
Huh? If the source of the income is from the Dubai company you still have to pay 9 % in corporate tax, regardless if you bring it to Thailand or not?
@@IwillEndureToTheEndThe moment you bring the money to Thailand it will be taxed. Namely taxed is the difference between Thai taxrate and VAE Tax rate. This is how I understand the new rules in Thailand and this is why so many expats are on the way leaving Thailand or don't even want to come anymore to Thailand.
We at last and based on a lot things Dubai is still the best destination that you can consider
How about investing in a studio apartment for rental income ?
Bottom line, make business decisions first based on actual business, not taxes. Taxes should be a secondary consideration.
Well said. I always knew they would flip on that tax free, it is too tempting given they now have a huge market share of companies in the middle east who have established themselves there.
What's your opinion on Garden City in Johore Malaysia? Good place for retirement?
Uae is very central ,gas, restaurants and groceries are cheap. It's safe and eight out of 12 months it's nice weather.
I'm willing to pay 9% company tax for that.
I have a question, if you buy an apartment for rental in UAE but you live in the USA, do you have to pay tax for rental income when you transfer the money into your USA Bank?
its only for domestic invoicing, but if you only get money from foreign sources you are still exampt of the 9% tax..
I've been going to Dubai for 25 years. The buildings and infrastructure are now built, the westerners are going back to where they came from, the buildings are generally empty. The Oil Tankers are still lined up for 200 miles off shore on the Gulf of Oman side. I'm not going back, and did I mention, it is blast furnace hot except for a few months a year (December - March)
So how do you explain the resident population are increasing exponentially, and are mainly workers and expats?
This is completely untrue. Real estate demand/prices are the highest theyve been for a decade and there is more demand than ever for jobs from 'western expats', including Russians and Ukrainians of course.
WTH are you talking about? People are flocking in
@@zerma6 he was probably deported
There is no more real estate available to move in at decent price. The city is overpacked
The other opinion is that Dubai will fly high because it will soon dispense with expensive traditional energy and switch to renewable alternative energy through nuclear plants, and this will greatly reduce the costs of service fees there in the coming decades.
Could you please cover Saudi Residency Options -
Saudi Residency Option? Here they are: 1) Camel back or 2) tent in oasis.
the impact of this tax has been passed to the consumer and then some
Ye old classic bait and switch.
Did you ever discuss why you're not running ads on YT? Is this a strategic move?
Also lots of people not telling people don't realise world wide tax laibilities such as UK residents 4k set up and filing 4k fees not disclosed in my opinion
Hanging loose in my neck of the woods; it's looking safer by the day...😊...
I can't imagine Hong Kong is a good spot now...
Hong Kong doesn't stop,it is a financial hub still
My friend is starting a company there and there required to pay flat tax of 5% non resident
what if I pay myself 100% of profits as salary? personal income tax is 0 right?
Excellent..straight slap on all, selling "it's safe"😅😅
Does this also count for profits generated from day trading or stock investing?
Can you explain how Ireland is a great option? The personal income tax is high.
In this article, we discuss Ireland’s Non-dom programme by examining how it works and its lifestyle and taxation benefits: nomadcapitalist.com/finance/pay-low-taxes-in-ireland/
@ Thank you !! Appreciate the response.
I do not think so. There are ups and down as usual in everywhere...