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- เผยแพร่เมื่อ 23 ก.ค. 2024
- 🇦🇪 Want to get set up in Dubai? Book a Free Consultation - www.genzoneconsulting.com/mee...
I left the UK 2 years ago, and since then my life has completely changed, I have more freedom, more money, better weather and a much richer life, and since then I have been helping and advicing many people who wanted to do the same,
So you want to leave the UK as well - you are tired of the crime, the taxes, the weather and the overall declining society and you are ready to escape, then in this video I am going to tell you how to do that.
it might seem like it is as simple as packing your bags and booking a flight to another country, but it is absolutely not, and there are many things that most people fail to consider when it comes to PROPERLY become UK non-resident for tax purposes, because unless you do this right, the UK may still keep taxing you, to deal with any existing businesses you might have in the UK, to know what to do with bank accounts you have in the UK, adeal with any exit tax you might have to pay to the UK and of course to get a proper residence permit and set yourself up in your new chosen country.
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✉️ Free Weekly newsletter on building a Life of Freedom around the World. - digitalemigrant.com/notes
OTHER VIDEOS:
🇬🇧 Why Everyone is Leaving the UK (& you should too...) - • Why Everyone is Leavin...
🇬🇧 Why I Left London Forever... - • Why I Left London Fore...
CHAPTERS:
0:00 Leave the UK: What you need to know
1:19 Why I left the UK
2:25 Why I moved to Dubai specifically
3:40 How to choose where to live
4:45 Become UK non-resident for tax purposes
6:45 5-year rule
7:39 Split-year treatment
8:23 UK exit tax
9:45 Dissolving UK companies
Tags: I left London, leave the UK, leaving the UK, UK exit tax, statutory residence tests, UK tax, zero UK tax, become non resident in UK, moving to Dubai , 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, moving to Dubai, why I moved to Dubai
🇦🇪 Want to get set up in Dubai? Book a Free Consultation - www.genzoneconsulting.com/meetings/schedule-session/tk
The UK and indeed Western Europe is in the decline, failing states that have been crippled by over population and failed multiculturalism. The only way left for our governments is to increase taxes on the population. They have no clue how to create an environment for economic growth. Some would say it’s part of the plan toward totalitarianism. We need total change
100%
@MA-gd9dt it's true the west are declining and reason why is they follow the Americans Yanks.
We are half Greek/English family, all our children moved the UK in the past 5 years, all have made good lives for themselves, all have good careers and all earn a good salary compared to Greek salaries! The weathers not great but they come home often!! What is good for some is bad for others, our son visited Dubai and said he could never live in that heat and he's Greek!!!!!!! You said Dubai has no crime but there are plenty of videos online regarding all the criminals moving to Dubai. You can make a good life in most places, you have to work at it!!!! The UK still has lots of opportunities for those who want it!!
Dubai is definitely one of the safest places on the planet, along with Japan, Hong Kong, Singapore.
@@jamessmith1652 yes and there are plenty of people in Jail for petty things for years on end with no conviction and no trial, so there are down sides to everything! I'm not saying Dubai is bad I'm just saying it's not perfect either!
No place on earth is perfect.
If I can ask - have you use a boat moving here?
@@brahimzaidi3849 no but I currently live in 30 degrees, which is not pleasant, so I know living in 40 degrees will mean I am confined to being indoors most of the time🤣🤣🤣😎😎😎
Left that sinking ship in 2020 and never looked back!
The Conservative Party has totally renovated the ship, which is currently full steam ahead. With that in mind, you should rethink your decision and make a permanent return.
The whole world is like one big sinking ship right now🥲
Left 2018 never looked back everrrrrrr
Where to ?
@@haroonhussain259Dubai
I think the main problem with all bloggers is that they see countries solely from their position. Naturally, if you work online, you're a blogger and the money drops on your card, it's better to live in Bali or Phuket. But what are the salaries in those places for the average person? Besides, if we talk about the cons of England, we should take into account that other countries also have cons. For example, it is silly to talk about the climate in England, and in another video praise Dubai. Where the average temperature is like on Mars. Or Bali, where the infrastructure is like that of a slumdog action movie.
I agree! Keep in mind that they are always selling you something with their videos
@@dejanbulatic2895 Shhhhh just let the negative people leave.
He is not even British 😂.. please stay where you are and kindly don’t come back. Thank you..
Young. No property. No wive, kids.
And, what happen to pension . Just drop 20 years of work ?
We have to try to save us and the country. Blogger going to run all his life. Life is not just a beach ,weather. Its where your heart. Tomorrow, anything could happen to Starmer and, will be new " broomstick ".
Born and raised in London. I left in 2021. Now living in East Africa. Earning more than I ever have, building business. My kids are thriving. Great weather and amazing pace of life.
Very interesting choice!
@@tuomaskiv indeed. I like places where there is still an open market for new businesses to thrive and where my international exposure has massive leverage. In many ways you can live a 5 star lifestyle in developing nations if you play the game well and all the while have a real positive impact on the world.
Kindly, reveal which country. I think it was an excellent choice. The future is Africa.
Not sure it they welcome Asian women, though.
@@nikkion2140 Why is this any different from a Somalian saying 'the future is Europe'?
What business ?
I left in 1995, never looked back. It was bad in 95 now it’s just gone mad.
Where did you go to?
@@LK-gl3rjParis
Good info about dissolving a UK company - thank you. It’s helped solidify some questions I had about my own situation. I came back to the UK 18 months ago and I must have been mental. Looking forward to getting out of here again!
Born and raised in the UK. However, leaving UK has always been lingering in my mind. Due to family and work ties I can't make this dream into reality. I hope others can and my best of wishes to them.
The UK is still way better for risk takers than other parts of Europe e.g. The Netherlands. UK is also still a relatively low tax country compared to rest of Europe (Institute for Fiscal Studies confirmed). The worst part of UK is the rising lack of civility and increasing crime.
Would u mind expanding on how’s its good for risk takers?
@@wallywild5088 compared to Europe, the UK is deregulated. I realise it might not feel that way but it’s relative. For example to set up a limited company in the Netherlands you have to have around 80k in the bank. Just one example.
Did it over 15 years ago and moved to the HK paying 15% tax and zero capital gains. Highly recommend moving abroad if you can. You are certainly not missing much. I'm back now for the summer and don't think I'd ever move back permanently
Well done!
When you have both the UAE and U.K. company set up. Prior to dissolving the company how did you transfer the funds within the U.K. company account to the new one?
Or did you not go through that?
Thanks for the video
Great content.
I think it’s common sense to leave where you are if you’re not happy.
Life can be short and it’s really sad if you don’t take calculated risks to a better life.
Good luck everyone
Having Dubai tax residency staying here for 6+ months and being owner of UK company. Does UK company paying corp tax only and I take personal dividends tax free being Dubai resident?
He don’t miss 🔥
Thanks so much for all the advice. Do you get to keep your UK passport, or do you lose it?
You keep it
Can't see the government website about leaving the UK you said you put a link to in your description 🤔
Why wouldn't you just set up an SPV in Dubai then transfer the share capital for £1 to that SPV instead of dissolving? Does that not achieve the same outcome
Can you share your criteria in your excel sheet?
Isn’t it possible to leave the UK company open whilst owning it from overseas? But without an ‘operator’ resident in the Uk (because the company just comprises one person). I’m talking about instances where you don’t want to go through the hassle of opening/transferring the company in your new country of residence
I supposed yes, I’m not sure but you may still need to file tax returns to the UK etc and prove to them the company is non UK resident - I can’t recall the details. It may be more hassle in the long run to do that but doable.
@tuomaskiv a UK registered company will always be subject to UK corporation tax and can't become non resident. However it is possible to shift the ownership of the UK company to an offshore holding company and charge management fees from offshore.
@@FusionPartnersLLPcan a third party offshore consultancy company charge the UK company management fees? Or does it have to be a ownership transfer to an offshore holding company?
What about being blamed for something you haven't done and being thrown in the slammer anyway, whats their courts system like?
11:21 whats all these companies you have
Bro, You missed L in CONSULTATION at about 3 and a half minutes in the video.
Finally! someone out there talks the truth. Even if its a programmer
What part of the UK were you born?
What happens to your UK pension or if you need medical treatment
Your UK pension will still be paid to you wherever you’ve gone. You can pay for private healthcare insurance in whatever country you go to, or use the local public healthcare.
Exit tax, what a load of crap
I also want to leave, however, I’ve heard it’s bad everywhere, other countries have crime etc
Better to go China a lot safer🎉🎉
How much does it cost to move to dubai? Every other country in EU is worse tax wise
I have videos about this, check them out
Can the contacts in the link help with getting set up in Qatar?
Not yet, for now we only specialize in UAE setup
I m on housing benefit, income support, disability allowance and child support for my seven kids. But I quite fancy living somewhere sunnier coz I get depressed in uk in winter. What s the process for relocating to doobye and getting all me benefits paid there?
You won’t get any benefits in Dubai, UAE does not welcome leechers like you
🤣🤣🤣
What? So unfair. I have an idea doh. My cousin Wayne will draw out me cash in uk and send it me to doobye. Haha,!
There is a benefit now, where the UK Gov will pay for a 2 week holiday if you have more than 6 kids. Me, the wife and 9 kids all went to Disneyland all expenses paid. The only downside was (which hopefully will change), they only would pay for 2 of the kids dads, the other 6 dads couldn't go
hahahah
does uk non resident mean non citizen or is it just for tax purposes? are you giving up your citizenship?
or is it just tax purposes, you are saying you are working and living abroad
I haven't watched the video, yet.
However, it's very hard not to avoid being liable for UK taxes ( if citizen) - you must own nothing and have no UK contacts , essentially ( I'm probably wrong)
See Adam Fayed , or similar expert , for this information.
Non resident means non resident, ie you don’t live there for tax purposes.
Citizenship is separate, by default you keep your citizenship. I am still a Finnish citizen even though I have been non Finnish resident for years.
@jaysterling26 if you live abroad you pay taxed abroad, it's that simple
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Should you not sell your company before you leave the UK that way the 5 year rule doe snot apply as it only applied for assets you own at the time of departure.
In that case you pay tax on all the gains from the UK company.
great vid
A corporate tax of 9% was introduced for UAE companies in June 2023.
Only applies for businesses making more than $816,000 in revenue
Thanks Tuomas, I am looking to leave UK
You said better climet...in Dubai... 50 degree Celsius is better for you...??
it's not 50 degrees in Dubai, this can be very easily verified by checking some weather stats
@@tuomaskiv The highest temperature ever recorded in Dubai was 49.2°C (120.6°F)
50 too hot but 49 is fine
@@royalmartin5178so a one off then? 😂
Left the shit hole in 2015 spain is now my home
Will you be able to claim a UK state pension? Do you have to pay for your own medical expenses? Retirement is not far away for me.
Pension 😂 that scam @@RussellSpencerOfficial
Your video is interesting however it's relatively easier for you to move anywhere in the world at the drop of a hat being that you are self employed and run an online business. I can assume most people watching are employees so need to secure a decent paying job first before moving.
No shit
Says the foreigner .
So will you be saying good bye to all UK benefits? I'm guessing not
Yes obviously
what benefits are there for working people that get a "decent" salary in the UK?
I'm from Thailand , Do you like Thailand ? Welcome to Bangkok Thailand
Thailand is beautiful! And I hear you have a new digital nomad visa that may help someone decide if it’s where they’d like to be permanently.
Im now doing the same.. they are killing the 🏝 its time to leave my home sadly 😥
I technically can't even spend more than 90 days in the UK in a year and not be a resident.
It’d be raining and windy for most of that anyway. 😂
If you're poor-rich this works. If you're richer then you need to consider social responsibility.
You can only run away so many times. We need education and a better system. Perhaps when we die, every company/trust/asset we've formed is shared amongst the world. This artificial society we have in place will mean sooner or later, the top 10 wealthiest people can buy you out. If everyone is on their knees, expect a rebellion without a plan.
Hi Tuomas did you vote in favour of Brexit ?
I didn’t live there yet at the time
@@tuomaskivSo you’re a foreign agent! Telling people to leave the U.K. What rubbish country do you spawn from??
His excuse to not pay tax to the UK govt : Uk govt allowed immigration.
While he himself immigrated to some other place eg Dubai.
@JohnHarthomstowCEO what if UK govt enacts a law like US that all US passport holders have to still pay tax even if they work in Dubai? I would call that tax as a mafia protection money with US passport that US embassy will protect you in case some thing goes wrong abroad.
Why do you think that UK will not enact such a law ?
@dr.a.m
he was talking about illegal migrants, and illegal migration got completely out of control, and working people need to pay for their accommodation, food, healthcare and etc and at the same time our economy is in decline, nhs is on its knees, not enough housing and etc
@@arikkatz6611 If they are worried about illegal immigrants, then they should not bomb other countries and create illegal immigrants in the first place. Their paper currency system (created by Keynesian economics), ganging up with creation of global financial system after 2nd world war is the means to exploit other countries in West Asia and Africa ( with actual wealth and human resources) and rule over them indirectly and make them fight amongst themselves. Illegal migrants issue is the UK is now an election gimmick and most common British voters are not willing to look at their own history. They handed over their empire in West Asia to the US and now they are just an obedient poodle dog to the US hegemony and wars. UK stopped producing children in 60's when they spread the lies and blamed poor countries in South Asia and Africa that they are poor because they have multiple children. There is no way, Britain or any European country is going to remain a prosperous country in the next 50 years solely because of demographics of more older population and lesser younger working people who can pay the tax to feed the old pensioners. Old people in the UK don't want to admit the blessing that they are living longer than the previous generation that died earlier.
American foreign policy is being controlled by AIPAC and they are going to bring Europe down because of their wars in Ukraine and West Asia.
Professional Immigrants in the UK are the only reason UK economy can grow - We pay higher rates of taxes while we did not take any benefit from the system during growing up years. If Brits don't like immigrants, then they should be ready to be more poor and even more grumpier and die in the NHS without >40% staff who are foreigners.
They have no choice. Labour has been bought by Zionists as well and they will continue the same policies that suits only the globalist agenda. The Fund raiser for Starmer is the same guy who was the fund raiser for Blair who lied about WMD in Iraq and killed 500000 people in Iraq.
People are leaving the U.K. because of high tax, low growth and Islamisation. Deal with those three things and encourage R&D more, then it’s a start and a better environment is created.
Sure, they are leaving UK for Dubai because of... Islamisation 😂
So wrong you must be right
A foreign guy telling British citizens to leave the uk as he doesn’t like it ?
Wonder how long you will stay in Dubai 😂
I want to go to Spain and start a business entrepreneur??
Bye
Go for it M8 u won't regret it
Whats that accent? Doesn't sound british at all.... So, if you're not actually a national, and don't have significant social ties like family etc. Then, it's quite easy to become a non-resident.
He’s Finnish. But that’s irrelevant. If you want to move, do your homework and stop whining about it being easier for someone else for whatever reason. Eesh.
I'm British Indian and want to get out...
I think Malaysia is better
Malaysia is great
I suppose if you have no interest in contributing to the society that paid for the opportunities that got you to where you are, then moving to a country that doesn't need to collect tax due to the vast wealth of its natural resources probably sounds promising.
Amusing how video is created by a foreigner who immigrated to UK .. now he’s leaving the UK. Must be bad
Again blaming immigrants for the UK economy? But you are immigrant now in the UAE and you were a foreigner while living in the UK. Good luck!
There is a difference between good (legal) and bad (illegal) immigration.
We are all leaving the UK. Let's see how much tax the government will collect from Benefit Migrants.
Are you even from the uk ? I dont recognise your accent
No
I left in 2017 because there was no water in any of the toilets.
That is a big problem in the UK that is not mentioned enough. My toilet rarely has water in it.
Don’t leave. We don’t want your political socialism else where. Stay and face the music. 😊
Any money made in the UK should be Taxed by UK government this is the problem with the UK tax system
Any money made in the UK is taxed in the UK
@@tuomaskiv Any money made in the UK via traditional salary is taxed in the UK, however, if you own investments in UK businesses, government loans, housing, etc. The loophole is you can freely leave the UK, and that investment income isn't taxed, at least not by the UK, if at all.
Most sensible people when they say 'tax the rich,' they're not talking about Doctors and other highly skilled, high salary individuals, they're talking about individuals who have tens of millions, hundreds of millions, or even billions, in UK investments and assets.
These are the people that people should be taxed more. Regulations should be put in place so that if they permanently leave UK soil, their investment income is still taxed. The 0.01%. The people who if they fork over 50%+ of the profits of their investment portfolio, it wouldn't damage their quality of life even a little.
Why tell the uk you are leaving? Lol most rich do that
😂😂😂😂😂
Why do you want to be non uk resident, just don't earn any money in the uk
Because UK taxes worldwide income for all its tax residents
Not true. You’re confusing the U.K. with the USA tax rules. The U.K. has a number of bilateral tax agreements with other countries so you don’t get double taxation
Just to add, the only thing the U.K. will nail you on with worldwide assets is when it comes to inheritance tax - you have to be non-resident for 20 years (yes that long!) before they won’t consider your worldwide estate to be taxed
Non british accent guy talks about leaving Britain.😂 At least in Britain people can afford a decent life while working simple jobs. Imagine a cleaner anywhere else that can afford holidays in egipt or Turkey. 😂😂😂
Except they can’t anymore (also this channel is aimed at successful/ambitious people, not people working cleaning jobs)
A decent life in England after paying 40% tax? You must be dreaming.
@@willryan5508 , don't exaggerate, tax is 20%.
@@tuomaskiv , yes they can. I know people that do exactly that.
Successful and ambitious people... 😂 Sounds like another "buy my course and get rich" youtuber. 😂
@@zasadacrew wrong if you’re in an upper tax bracket it’s up to 65% according to Wikipedia. VAT is 20% but not income taxes. The UK is run by Fabian Society socialists after all
Yes, but you're not British, so it doesn't matter what you think. Because you have no care for the land, the land of Britain. So good luck to you.
So now you’re ‘selling’ your content to uk viewers without paying any tax. And you think that’s ok. No moral considerations whatsoever…
So anyone whose content is watched by Uk viewers should pay Uk tax? That’s not how taxes work🤣🤣
@@tuomaskiv Notice how you’re making a case for tax avoidance being moral, and then trivialised it as an obvious thing. But actually it is how taxes are starting to work, digital services tax is being introduced to put emphasis on taxing where services are being consumed. As with all taxation efforts it’s not perfect but it does show what we think is fair.
Tax is all a scam, we pay near 70% once you include VAT etc and the mega rich pay nada
Then they waste it all on supporting crooks in Ukraine and Israel and God knows what else
Respect someone's hustle for getting out the system instead of being the crab in the bucket
@JohnHarthomstowCEO You need to deconstruct what it means to pay tax to understand why residency alone isn’t a good determinant. In general, I’d say participation in society is at the root of tax paying. Societies, mainly scoped by geographical locations are creating environments for economic activity. Participation in that activity should not be free because it takes resources to create and maintain that environment. With introduction of Internet and sale of services across geographic boundaries created a loophole where you can participate in society without paying. This is exploitation, by one society of another.
The moral consideration has long gone when for decades the hard working people are paying taxes for the scroungers and corporations.
Why would I want to do that? Where I live is fine thanks. Vote Labour 👍🏼✌🏼❤️😀
Hi @Vintagevibes949 , I am next I can't wait .
Bye
real british patriots do not leaving when ship sunk lol
The gevorment make UK hell place especially unlawful taxes
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