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- เผยแพร่เมื่อ 30 พ.ค. 2024
- 🇦🇪 Want to get set up in Dubai? Book a Free Consultation - calendly.com/genzone/dubaisetup
📸 FOLLOW ME ON INSTAGRAM - / tuomaskivioja
These are all the boring details I wish I knew before moving to Dubai with getting your visa, setting up a company if that is what you are looking to do, looking for apartments and many the other things I wish I had known before I moved here.
OTHER VIDEOS:
🇬🇧 Why I Left London Forever.. - • Why I Left London Fore...
🇦🇪 Why I'm Moving to Dubai - • Why I'm Moving to Dubai
CHAPTERS:
0:00 Moving to Dubai - What I Iwsh I Knew
0:53 Book a FREE Consultation with my expert
1:43 Cost & how much you should make
4:59 Exit your home country
7:10 UAE Visa options
8:15 Setting up a company
10:35 Get a visa
11:04 Entering the UAE
13:50 Apartment, bank account & other logistics
17:33 Annual requirements & advanced details
Tags: moving to Dubai, dubai life, dubai cost of living, how to move to dubai, moving to uae, uae visa, uae residency, dubai visa, bubai company formation, how to start a company in dubai, is dubai expensive, why i moved to dubai
🇦🇪 Want to get set up in Dubai? Book a Free Consultation - calendly.com/genzone/dubaisetup
amazing content man, in-depth, insightful for anyone considering moving to dubai
Also a Canadian who moved to the Czech Republic, I just filled out a form to be declared a non-tax resident. The only thing I wish I did was fill it out at the appropriate time as the agent advised me to fill it out when I was just leaving Canada to travel and didn’t have residency anywhere else. But I didn’t need to pay exit taxes. Now I did not have wealth at all. No properties no nothing, so if you’re a normal person you’ll be fine
Thank you for sharing. This is really helpful.
Excellent video mate 👍
Probably the bdst video on YT about setting up shop in Dubai.✌Thx for the boring but super-useful info regarding annual requirements etc. I wish there was more concrete stuff like this on youtube, not just your average "Dubai is cool and zero tax" like the other videos.
Would love a future video about what accounting/filing corporate tax documents look like, if doing them is like 2 hours DIY, or 4 weeks and 20K with some accountant.
Glad it was helpful! Registration takes maybe 1-2 hours, I did it myselft, once I do my corporate tax returns etc I will make a vid
@@tuomaskiv Nice!
If I make the move, I'll book a call with you for sure. The UAE Stripe cancelling issue seemed like a pain in the ass though... super helpful information to know still.
Thanks for sharing 🎉
Awesome! TY🤩
this was very helpful
Great video. Thanks for taking your time to make it
My pleasure!
Thank you 🙏🏾
Thanks man
Thanks !
Your friend is Tim?!! Wow, he is a super cool guy, great video BTW. Dubai is on my future roadmap.
Yes!
With stunning architecture, fancy hotels, shopping festivals, majestic skyscrapers, glittering skylines, and giant shopping malls, Dubai is truly a paradise for scores of tourists from around the world.
Dubai truly has it all when I arrived to Sheikh Zayed Rd from NYC I was in true awe looking up to the Burj Khalifa
thank you
learned allot from your videos, can you please share the link or pdf of the rules and regulations page?
Hello Tuomas,
I thoroughly enjoy your informative videos. Could you please create a video discussing moving to Dubai with 6-year-old kids? We're particularly interested in learning about the quality and affordability of schools, the availability of playgrounds in the streets, and whether buying a 2-bedroom apartment is a better option than renting in Dubai.
Looking forward to your insights!
Warm regards,
I don't have kids so unfortunately I do not have expertise in those subjects, I will do a buy vs rent video tho, that is a great idea!
@@tuomaskiv Thank you so much man. maybe if u can ask a friend who has kids how much they pay for school that would be great. peace
Hey Tuomas , really nice video ! I was wondering if I could help you with Highly Engaging Thumbnail + Video Editing which will surely increase your CTR & AVD which will help your videos to reach to a wider audience ! Please Lmk what do you think ?
Which freezone you recommend for a business related to Online Marketing/Coaching?
Thanks for the informative video! One question regarding renewing the personal visa via employment at 21:20, is there any physical presence required with the visa and can I choose not to renew the visa while maintaining the company?
I believe you need to visit every 6 months, and yes you ca have a company without personal residency
thanks for your video
I have a question about making video in dubai ?
can I make video of my dance in streets, i mean out of my apartment?
is it legal?
Please make a video more about checklist leaving the UK. what are the requirements regarding HMRC/tax etc. Thankyou
Could do!
Great video, very helpful :) Do you need to stay in Dubai for the entire year to be taxed there or you can stay 90 days and live the rest of the year in your home country for instance?
If you stay for too long in your home country they will 100% tax your worldwide income. How long depends on what that country is, everrything is case specific, I recommend booking a call
Vat on supply of digital services?
Thanks for the info, Toumas! Approx how much is the service the company u partner with charged?
Around $9,500 (all-inclusive)
@@tuomaskivby all inclusive you mean all the fees? their fee + UAE government's too?
Good question let us know exactly for what is that amount which is quite high anyway
Yeah seems like it includes everything for a Dubai setup so very reasonable. $9.5K is very good@@SuperBayara
yes, their fee + government fees all included with VIP processing for everything also included. The gov fees will amlunt to around $6-7k, their fee is the rest (2-3k)
Do you not pay US taxes as you have a LLC there ? Any reason why you did not set up in the UK? Finally how did you make your UAE company own the US LLC?
No, US LLCs are tax transparent (the owner of it is taxed wherever they are tax resident).
The UK does not have an equivalent business structure (they have the LLP but need 2 partners)
For the process to set this up you can book a call with us - calendly.com/genzone/dubaisetup
Hi, Tuomas. Was your online business already generating income before you formed the company in Dubai? Or did you transfer the business to the newly formed company in Dubai? I’m currently building a software and it will still take some time before it generates an income. I want to launch it under a company (possibly via the Estonian e-residency program) and once it generates enough income, I am considering of moving it to Dubai. Do you know if it’s possible to do the company transfer with this free-zone company formation? Thanks in advance!
Yes it was but I was only a sole trader (no registered business) before I came - you would need to look at if there is any exit tax etc considerations when moving the business out of Estonia/wherever - I recommend booking a consultation as this will be case-specific - calendly.com/genzone/dubaisetup
I want to buy a property in Dubai. Should I use a Freezone company Or a mainland LLC??
hey man how can i get in contact with you!
Great video man! Moving to Dubai in the end of the month. Maybe we can do a colab?
Question 1. How long the visa will be valid? Is it lifetime or how?
Question 2. Can we bring our family on that visa or dependents and do we need to renew it after sometime?
Pls guide.
1. Depends on visa type, but normally visa needs to be renewed every 2 years 2. You can also sponsor visas for your dependents but it ill cost extra
For a freezone company how long are you required to be in UAE to be able to renew the visa… is having an apartment where you stay mandatory?
1 day every 180 days - note that this does not give you tax residence.
@@tuomaskiv by this you mean i will still owe tax to my country?
Thanks for this, thats great. So you have to pay $9k per year for keeping the company open?!
Around $4k per year, 9.5k for the initial setup
@@tuomaskiv OK thanks. It's appreciated. Can't wait to get out of the UK and to Dubai lol
Was considering moving to Dubai and working for an engineering business. Would it be worth it?
Absolutely
I’m moving there soon. I’ll be on $9,500/month, will this be enough for 2 people where 1 is not working?
Yes
can you say that your Business is dropschiping
But company have yearly 16000 aed fees that is expensive it is not one shot payment to ipen company you have to renew every year
If that's a lot to you then Dubai is probably not yet the right option for you
@tuomaskiv it is not a lot means saving that money and buying property in dubai is good idea rather than making company and giving yearly an amount
@@alikhan-bj6zs Brother, 16000 aed is nothing if you're comparing saving that money to buy property in dubai. Average 1bed apartment in downtown dubai is 2.15m aed, 1.6m aed in business bay, 1.65m aed in marina, even almost 1m aed in barsha heights. 16k aed per year doesn't even come close to covering a down payment on any of these properties even if you save that amount per year for decades. So the amount of capital needed to pursue the company option vs buying property is not in the same ballpark.
@arnoldvosloo220 so brother of i have to agree with you what are the advantages of forming company if i want to live with my family in dubai
@@alikhan-bj6zs I think Tuomas knows more than me about this topic so hopefully you can learn from his videos. I think there are ways of getting your family to dubai with a company
so if you get the golden visa is there a point of setting a company there? why pay 9% tax? guess you could just setup US LLC for 0% tax as non-national?
No, a US LLC is still liable for UAE corporate tax if you manage and control it from the UAE. You can't avoid the tax by doing that, this is a misconception and will get you in trouble.
@@tuomaskiv no I will get a GV and be a "perpetual traveler" and not a tax resident anywhere, so as a non-national with US LLC, it is tax free
in that case yes, but then getting the golden visa is pointless as you can't stay in the country for too long before your compamy becomes tax resident
@@dropshippingking421 that's not how it works bro, if you're not from the english speaking countries the rules are much simpler, just look around how many digital nomads do it, just don't stay at one place for more than 180 in a year and you can pull it off, just checkout some youtube videos or articles about perpertual traveler
nonsense - perhaps for some countries it works that way but not in the general case. For my country there is no rule that says I am resident there by deault if not anywhere else.
Can you give details of your agent / company please.
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The cost of living was indeed cheaper in Dubai than NYC
much cheaper
@@tuomaskiv I was surprised to see how much money I saved shopping at places like Day To Day and Carrefour and eating in Deira instead of Marina JBR or Downtown. Even McDonald's is cheaper in Dubai than in NYC.
yeah very true, also ordering food can be very cheap on Careem as they always have discounts
Anyone over there want to buy a RTX 4080 gaming laptop $3,600 postage is extra $ ?
Bro what happened to your nose, did you get into a fight?