Tax-Free Dubai is DEAD

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Күн бұрын

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Brace yourselves, expats and entrepreneurs! The tax haven landscape in Dubai and the UAE has undergone a seismic shift, with the introduction of a 9% corporate tax. In this eye-opening video, we dissect the recent changes that have left many scratching their heads and reevaluating their business strategies.
00:00 Start
00:39 Initial Tax Structure Announcement
1:37 Recent Changes and Challenges
3:07 Is Hong Kong a Better Option?
6:08 Qualifying Activities for 0% Tax
8:54 Excluded Activities and Tax Implications
10:38 Understand Your Use Case
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Пікірлер: 853

@TheGichnni 4 ай бұрын

This is exactly the reason why you shouldn't put all eggs in the same basket even if you're rich. This is why you need to have multiple infrastructures in different places around the world so you are always protected against shit like this. This is absolutely the worst thing Dubai could ever do. It's suicide.

@izzac441 4 ай бұрын

9% tax is suicide oppose to what the West? Little dramatic 😂🤣. Dubai is the most free economy in the world. Ask the Russian Billionaires.

@ImpartialDebater 4 ай бұрын

Its a normal thing. Is now on the footsteps of new york or California. They want to profit now and make it like a long lasting thing. Like silicon valley and new york.

@NS-pt9rr 4 ай бұрын

9% is still very cheap with a great climate, try britain, shit weather, ungrateful rude people, streets full, driving anywhere takes forever, LAW & ORDER completely broken, all the World's economic refugees claiming everything, live for free while inocent hardworking taxpayer financing this toilet, taxes are stupidly high when all added up, stay in Dubai !!

@globalismoblackman 4 ай бұрын

Wow 😮 Really ?. Was thinking of relocating there next year for consulting jobs for just 2 years.

@JocobsComments 4 ай бұрын

Agree. It was bound to happen. 9% will soon turn to 30%

@Denver_____ 4 ай бұрын

I always had a feeling Dubai was going to do this. When something gets too popular, it gets changed by bean counters

@dlc2479 4 ай бұрын

That's why I don't get this channel. Channel's like this blow places up and then are surprised when that location has to change it's policies to cope with the influx or to profit. There's a reason why the wealthy used to gatekeep information like this.

@gregabrams5792 4 ай бұрын

Exactly! Every government gets greedy

@MarkWongMD 4 ай бұрын

Its why most places s!ck nowadays. It isn't specific to Dubai. Europe is making it harder to travel there with mandatory visa nonsense. Harder to immigrate there as well. Tons of Asian countries are making it harder. We are seeing de globalization happen.

@andrewcarlson2178 4 ай бұрын

Would you want a bunch of people temporarily dipping into your country just to avoid taxes elsewhere, knowing they didn't really want to live there, contribute to your society or be part of/repect your culture ? If your sole reason for interacting with a country is avoiding taxes, you really should be paying somethung there

@Valhalla_Heathen 4 ай бұрын

Dubai is incredibly overrated anyway.

@TheSimArchitect 4 ай бұрын

They bait and switch. That's the problem. Then you're caught by surprise with all your assets there being quickly devalued and a tax bill to leave. I agree with your strategy of always be spread across a few countries whenever possible. 🙂

@johntheaccountant5594 4 ай бұрын

Dubai is for what I would describe as "plastic people". It was inevitable that Dubai would attract you in to buy property with no taxes and then suddenly start increasing tax. I recall property falling 45% in 2008/9/10 financial dilemma and expect it to fall again in 2025.

@yassine073t 4 ай бұрын

Did you buy any in UAE?

@johntheaccountant5594 4 ай бұрын

@@yassine073t No. I purchased a house and farm land in Thailand as I believe the Middle East is not the place to live for me.

@MisterSpeed68 4 ай бұрын

How is the farm in Thailand ? is it a good ROI

@johntheaccountant5594 4 ай бұрын

@@MisterSpeed68 Very little money in it for a westerner. It is about security of food and a relaxed lifestyle. We only have 30 acres and grow mainly rice (Jasmine and Sticky), cassava and sugar cane. We have fish in the ponds for food, and mango, papaya, lemon, coconut trees and various other tropical fruit trees. In Thailand one can live well on $1,500 a month so this channel is not really about people like me.

@Breammummy 4 ай бұрын

how you learned all that farming stuff there?@@johntheaccountant5594

@SARWSiddiqui 4 ай бұрын

The tax is on Net Income, not gross. You can pit yourself on the payroll and pay yourself a huge salary and bonus which resuces your company's profit below the threshold eligible for tax. Personal income is still tax free in the UAE.

@recration 4 ай бұрын

trust me, that makes no difference. this simply shows the mentality shift and is all we need to know. just like sales tax and now gross income tax, personal income tax is eventually going to come too.

@nomadcapitalist 4 ай бұрын

Not only could that cause an issue for people with personal tax obligations in other countries (ie: US persons using the Foreign Earned Income Exclusion), but taking a $10 million salary won't be as justifiable as taking a $100,000 salary.

@eugenechin2863 4 ай бұрын

@SARWSiddiqui Wont be long before personal income tax will be implemented.

@dlukton 4 ай бұрын

@@eugenechin2863 Yeah, could be; but the whole place will empty out of that happens.

@davelawson2564 4 ай бұрын

@@eugenechin2863 Lets talk about it when they impose P Inc Tax. corp tax is imposed due to US/EU minimum tax pressure. UAE can live off oil money and VAT

@lixi-qing5310 4 ай бұрын

As a contractor I can still pay 0% tax. However, I'm working for a US based company. Last month I applied for a mortgage but all UAE banks rejected my application. If you don't like my money, I can pay 9% tax in Hungary, no problem )

@skerriesrockart 4 ай бұрын

Screw them and thier draconian laws

@faisalhoseni1362 4 ай бұрын

That’s interesting you say that. I was wondering if you happen to also be looking for contractors within your field. My background is technical with commercial experience and very much interested in a move to another US company. Much appreciated @lixi-qing5310

@mentalparkour1223 4 ай бұрын

Well than go to Hungary or pay less if you can somewhere else!

@ehlgabor 4 ай бұрын

@@mentalparkour1223are you from Hungary?

@smartman123 4 ай бұрын

go to Hungary man free country much nicer safe like Dubai beautiful if you have house there better than any country on earth I visit Hungary its amazing safe country if you can make it financially good for you

@astortramp6990 4 ай бұрын

Terrible place, no soul. Lived there for 2 years.

@magnusallmighty5000 4 ай бұрын

@BB-xx3dv stop being a dickhead and answer his question seriously

@andrewcarlson2178 4 ай бұрын

If people are leaving a place over a few percentage points, it couldn't be that great of a place. Not just applicable to Dubai

@gridley 4 ай бұрын

If its weather were like that of a southern Spain, France or Calif, it would have at least one major leg up. But I've read that Dubai can get warmer than even Las Vegas.

@kirinsama2959 4 ай бұрын

Lived there for 10 years and it is better than the west in terms of wealth, infrastructure, architecture and soul. 💯

@drmodestoesq 4 ай бұрын

You mean no community. Humans are tribal animals.

@openmedia2945 4 ай бұрын

Important info, thanks for sharing!

@menguardingtheirownwallets6791 4 ай бұрын

First, it will be a 9% tax, then a few years later it will be a 15% tax, then a few years later it will rise to 20%. Just skip the trouble and move your cash somewhere else.

@Breammummy 4 ай бұрын

What is a good country for a crypto trading company? Seems like not many options anymore.

@Defiance. 4 ай бұрын

Puerto Rico and Portugal

@al-gv7mq 4 ай бұрын

@@Breammummyhow come this affects you, individual tax is still 0%? …

@Planko991 4 ай бұрын

@al-gv7 how? He said trading, not holding

@ElectroBlender 4 ай бұрын

There has been a global corporate tax agreement signed by over 160 nations so finding these low taxed countries will be hard. The across the board minimum is set at 15%.

@nathanv23 4 ай бұрын

Over the past two years, we went to great expense including multiple in-person visits by numerous shareholders, to set up a free zone company in Dubai. We were attracted primarily by the 0% corporate tax. It feels more than odd that after all our efforts, we are told "oh yeah, never mind, give us 9%".

@xraylife 4 ай бұрын

You guys need to start thinking deeper - UAE rulers are the pup pet show they will always comply with the glob all ists wishes.

@MrAmbrosse 4 ай бұрын

lol

@HiveMind-qv1iy 4 ай бұрын

lol

@eddscall 4 ай бұрын

Yeah , sounds like an Arab to me

@davelawson2564 4 ай бұрын

still better than 17% in singapore. very few places have such low tax anyway. still great place

@dianaj3139 4 ай бұрын

Love your videos! You give great over-all information that gives us the right questions to ask... I think often the real issue with choosing a country is not asking the right questions and you always cover this! THANK YOU!

@DiasporaDoodles 4 ай бұрын

You called this! Wow, I am so proud of myself that I follow this channel. When I first started watching, I thought your content was just for affluent people. However, I couldn’t look away, and carried on tuning in. The valuable information you’ve shared has helped me examine even the most remote choices and I am grateful for that.

@user-im6fy4qp6m 4 ай бұрын

its primarily geared towards a jewish audience

@ib9511 4 ай бұрын

@@user-im6fy4qp6mPro- Hamas, are you?

@DiasporaDoodles 4 ай бұрын

@@user-im6fy4qp6m but does it help non-Jewish people like me? If the answer is yes, then I see no problems here.

@vijaz5559 4 ай бұрын

Another sheep catched😂😂

@ib9511 4 ай бұрын

@@vijaz5559 check the dictionary

@juliamonahan530 4 ай бұрын

Thanks for chiming in on this debate my friend… your content is unparalleled

@hyperpedro2868 4 ай бұрын

Those 0% corporate taxes are only temporary. It is not sustainable for any country. Never count on it in the long term. Better having a low tax with good banking facilities and very little bureaucracy.

@37tara 4 ай бұрын

Switzerland or Singapore

@xx-nasser- 3 ай бұрын

@@37taraSwitzerland is not worth it, overly expensive and regulated. And lets not even talk about made up rules that cast a shadow on personal freedoms there. Most banks avoid American customers from opening accounts. It's a beautiful and a peaceful place to visit, but not for expat living. Natives do like it there for sure and rightly so.

@OPTIONandSWINGTRADER 4 ай бұрын

9% is still reasonable compared to 40-50%

@WestCoastAce27 4 ай бұрын

Agree. People like him who fixate on 1 -taxes - thing are sad. He can go to Europe, cold weather and crime and leftist govs. Or go back to HK - terrible air quality and waiting for the CCP to further limit basic rights. Quality of life in DXB is far superior.

@BuMubarak 4 ай бұрын

It's only 9% if you generate more than 1 million dirhams a year. Plus it only applies to the total net profit so do that math 😂. There is no place that is perfect but I LOVE it here.

@saiyedakhtar3931 4 ай бұрын

That's the marginal tax rate for salaries in the most developed economy. Realistically, companies in the West pay much less than 15%. Even lower than 9%.

@OPTIONandSWINGTRADER 3 ай бұрын

@@saiyedakhtar3931 the marginal rate in UAE is 9% so possibility to pay even lower?

@saiyedakhtar3931 3 ай бұрын

@OPTIONandSWINGTRADER no, the 9% is a flat rate, not a marginal rate.

@dreww1818 4 ай бұрын

Andrew, thanks for this video! You mention some great points about Dubai and the 9% tax. You mentioned a greater point whereby a person can live in Dubai for years, pay tax and never become a citizen. I would want my money and time to count in a long term capacity concerning a country that I live and pay taxes in. I think there are so many countries out their that offer better tax incentives structures that people don't even know about.

@davelawson2564 4 ай бұрын

Like which ? Malta ? BVI ?

@dreww1818 4 ай бұрын

Time is precious these days - especially with expanding war, future pandemics on the horizon, and supply chains going down. I wouldn't put any time into a country that doesn't ensure that I can stay their in a long term capacity - or give me the boot because I'm not a citizen. Imagine if there was a power failure in Dubai and you had no AC in the summer time? That air quality reaches 165 PPM and higher - UAE ranks among the worst countries in the world for air quality.Why spend precious time in a country you can never get full support from? @@davelawson2564

@ericbpreston 4 ай бұрын

Can confirm. Everything was a pain to do remotely.

@BilalBudhani 4 ай бұрын

Thank you Andrew for sharing this, I always appreciate your perspective. I moved to Dubai a couple of years ago and loving it so far. I think I will be staying here long term. I completely agree with the false narrative pushed around about the tax exemption of free zone companies, however, there is something called small business relief program which exempt your business from taxes till 2026 but eventually they will tax you.

@celticmist8790 4 ай бұрын

THe knowledge and information you have on your channel is delivered so well and is so helpful and is incisive. Thank you

@nomadcapitalist 4 ай бұрын

Thanks!

@celticmist8790 4 ай бұрын

@@nomadcapitalist I will be contacting you for support & info on our family's move to sunnier climbs.

@burnout486 4 ай бұрын

I also saw that they will implement CFC rules in 2024 so I guess living there personally and having a offshore company will be more difficult as well.

@victoriacamia 4 ай бұрын

I don't have a proper business yet, but have many projects, I'm still a student, Angolan but living in Indonesia. I am majoring in Agribusiness but somehow randomly ended up in this video and I finished watching it. Usually when it comes to taxes and finances, I find only boring videos and with wishy washy information, so I skip them. But this man, I really liked the video. I am subscribing. I really learned a lot. Thank you sir.

@nomadcapitalist 4 ай бұрын

That's nice to hear! Thanks.

@007thematrix007 4 ай бұрын

great info. 👍 ..... thnks really appreciate it!

@DecemberNames 4 ай бұрын

thanks for sharing!

@wendyshoowaiching4161 4 ай бұрын

It's not really free tax. They increase all food, necessities and properties prices so high they don't need to tax people.

@kirinsama2959 4 ай бұрын

That's not even true. You are one of those folks who do not know nothing about anything. Sad😢

@WildVoltorb 4 ай бұрын

@@kirinsama2959 attack the argument, not the person

@kirinsama2959 4 ай бұрын

@@WildVoltorb It is the argument that represents the person, not the opposite, so it is only fair to attack the individual 🙄.

@kirinsama2959 4 ай бұрын

@@WildVoltorb Additionally, I only confronted the person by opposing the argument first, so you are off-subject.

@davelawson2564 4 ай бұрын

@@kirinsama2959 so food , property prices are cheap in dubai ?!

@Mark-fh5lp 4 ай бұрын

When things seem to good to be true, they always are. Never be a fool.

@SumaOmega 4 ай бұрын

Thanks for you info super useful

@michaelcohen1575 4 ай бұрын

What is the implication for Dubai-based traders of FX and other financial assets? A lot of FX traders have been setting up their operation there.

@mattanderson6672 4 ай бұрын

Thanks Andrew!!

@coding7196 4 ай бұрын

I think that Dubai is different from other countries because the GCC countries seem to have little industry outside of the oil sector. Also, the heat is intense and the heat would affect development.

@Tee55118 4 ай бұрын

Florida was swampland until air-conditioning became standard in all homes and offices.

@robertturner8522 4 ай бұрын

Thank You,We often consider Your advice , however the very lowest taxes should Not be the only consideration. Would investing dollars in land and real estate be worthy of consideration in the new environment unfolding in Argentina?Considerable Risk Yes, against potential gain! Your opinion would be of interest.

@elsa_nyc 4 ай бұрын

It was always just a matter of time. That's how these things work.

@bloimlala42 Ай бұрын

nice to see you go!

@MrMorwick 4 ай бұрын

Here only the company tax is highlighted, nothing else. There are also accounting techniques which reduce the profit to more than zero and then tax doesn't matter. European countries may have up to 55% tax, but you pay nearly zero or zero if your accounting is smart. Founding in tax-free areas is one and the easiest way, do it via accounting is more complex but working quite well.

@ashok3733 4 ай бұрын

Dubai is a plastic country

@Zaabi 4 ай бұрын

Dubai is a city and how is it plastic

@mrmanj6990 4 ай бұрын

It's not a country lol, it's a freaking City ..

@ashok3733 4 ай бұрын

@@mrmanj6990 oh wow. You are right. Where is the Oscar award?!

@22utoo 4 ай бұрын

@@ashok3733 Hahaha this made me laugh, oscar award rofl

@user_cv8wysmstt 4 ай бұрын

I always feel like Dubai is a very artificial city with no taste, if they are removing the tax-free thing, I guess there is no reason to stay.

@khanaliqasim1757 4 ай бұрын

It's location is nice

@drmodestoesq 4 ай бұрын

Yeah....the middle east. Who wouldn't want to live there? @@khanaliqasim1757

@user_cv8wysmstt 4 ай бұрын

@@khanaliqasim1757 not really. The weather is awfully unbearable. While Dubai is relatively peaceful, the geopolitical and religious tension around the region has increased in recent years

@davelawson2564 4 ай бұрын

@@user_cv8wysmstt As long tax is low , business friendly investors will come . religious tension has increased in recent years in EU too

@bradebronson8835 4 ай бұрын

@@user_cv8wysmstt Incorrect on all fronts except its too hot in the summer. Do more research.

@limitedtime5471 4 ай бұрын

I'm just wary of any court system that is so biased against foreigners like the one in dubai. It implies awful things about the place

@Lee-in7ng 3 ай бұрын

Such quality info. Thank you

@nomadcapitalist 3 ай бұрын

Glad you enjoyed it!

@chrisk7118 4 ай бұрын

Dubai was always a craphole

@kirinsama2959 4 ай бұрын

You lived there 😂?? Because I remember the opposite.

@drmodestoesq 4 ай бұрын

Did you live on the outskirts with all the migrant construction workers? @@kirinsama2959

@chrisk7118 4 ай бұрын

@@kirinsama2959 A flashy craphole for the shallow and soulless

@YouTubefan-yj4rp 4 ай бұрын

@@kirinsama2959 Bet they rejected his Golden Visa application.

@kirinsama2959 4 ай бұрын

@KZfaqfan-yj4rp Dubai never rejects anyone if you conform to their criterion. If he didn't get the golden visa, then he is not eligible for it which could make him indeed salty and hateful 🤣

@Ven777-ly5ko 4 ай бұрын

Thank u for your Video!

@nomadcapitalist 4 ай бұрын

Thanks for watching!

@robro8 4 ай бұрын

Thanks! I was always interested in your take on the FZ companies. Are there any salary limitations? For small or one person companies, why can’t I just pay myself 95% of revenue thus bringing down the effective tax rate. I’ve been trying to find an answer for this but doesn’t seem like I can anywhere - even my tax lawyer just said it’s not been clarified yet.

@bunnystrasse 4 ай бұрын

Yeah exactly!

@MisterSpeed68 4 ай бұрын

@@bunnystrasseof course there will be guide lines and salary scales for each position , do you think the regulator is sleeping on the wheel .... It's under process probably....they just don't want to shock people with all info in the launch of the stealth rule

@mississippiapple1078 4 ай бұрын

What! Shocking!!

@LandscapeMaster33 4 ай бұрын

Wooopteee.. 9%. I’d take that any day. I pay 23% corporate and 45% personal in Canada. 9% total is a walk in the park clearly. I’ve also heard within that 9% you can essentially write everything off. Even a Lamborghini for instance.

@amiljahaad6160 4 ай бұрын

He has on profile pic for this video . "I'm out of here." lol. Where are you going to go? 9% and you can use Deductions to reduce the 9%. Laws change all the time. USA the tax law changes everytime there is a new President elected.

@LandscapeMaster33 4 ай бұрын

@@amiljahaad6160 exactly. 9% is minimal. An that’s just corporate tax. I mean you pay yourself as an employee to the corporation that you own. You’re still paying 0% personal tax. 9% corporate with huge right off capability. Like why are people snuffing at that. This is still super minimal. Waaaaaay less than any western country over here.

@tubekrake 4 ай бұрын

You can live in the Bahamas pay 0% Tax and fly into Miami in 20 minutes. So there are alternatives for the super wealthy.

@LandscapeMaster33 4 ай бұрын

@@tubekrake ya. That’s an option. However we’re talking about Dubai here. I personally don’t think it’s a bad thing to contribute some tax to the place where you’re living. As long as it makes sense and is affordable. It’s when the corrupt government literally wants more then half of your earnings like here in Canada and most of the US (an all the other western as well). That’s when it’s just ridiculous and time to maybe reconsider things.

@amiljahaad848 4 ай бұрын

⁠⁠@@tubekrakeTrue. Everyone has different needs.. Bahama has Property Tax. Dubai does not.

@JulianneLove 4 ай бұрын

Dubai was the easiest way for us to move internationally after the lockdown and losing our rights and freedoms, 9% is a joke of a tax when you come from Canada where we have been taxed at like 80%. Any place is better than Canada. If you have a problem with 9% tax you are definitely not a normal person. What a joke, really crying over 9% is pathetic in my personal opinion, the lifestyle here is so much better than North America. We plan to move completely to Dubai and the UAE. A brics nation is safer than any other place going forward and has an actual economy versus North American and most of Europe that is quickly going down the toilet.

@nomadcapitalist 4 ай бұрын

Thanks for sharing! We also recommend that you watch our recent video about Three Cheap Places to Escape Canada: kzfaq.info/get/bejne/qL6XipCEy6q0YZc.html

@xx-nasser- 3 ай бұрын

Facts!

@cluxter-org Ай бұрын

There is no guarantee that these 9% won't become 15%, then 25%, then 35%... Oh and since there is now a corporate tax, how about a personal income tax of 5%? Then 15%, then 25%... They want Dubai to become the best city in the world. Then when everybody will want to live there forever because it has indeed become the best city in the world, what do you think will happen? Taxes will flourish.

@JulianneLove Ай бұрын

@@cluxter-org We are escaping Canada the easiest way we can. Does that mean we will be in Dubai forever? Hell No! We need to get our small amount of assets and business out of this socialist hell hole and 9% is nothing compared to the 80%+ in Canada. When we become millionaires that’s a different story. Right now even with the size of our business there are no personal or corporate taxes because we are not large enough. Taking a step to leave this crappy hole is the most important part, then we can always go elsewhere. Why do people believe one change is forever?

@cluxter-org Ай бұрын

@@JulianneLove Did I say or imply that in any way, shape or form? Why do you assume that I believe that you will live there forever? I was answering about taxes in general, not about your own personal case about which I don't care at all. On top of that, the whole point of the video is precisely that he recommends people to think about living somewhere else, so assuming that after watching this video would be way off base.

@defenderoflight 4 ай бұрын

As long as personal income tax is zero...

@JohnDoe69X 4 ай бұрын

Of course they changed it. Classic bait-and-switch tactic that's employed by everyone.

@user-fk2td7jd7t 4 ай бұрын

Hey Andrew, Interesting video!😊

@nomadcapitalist 4 ай бұрын

Glad you liked it!

@stevefarrugia-dc7qt 4 ай бұрын

Malta is the secret gem.... 20 years more advanced plus plus plus. Property is high but the super property that pass the millions are still great buys.

@stevefarrugia-dc7qt 4 ай бұрын

old properties of a large size.

@skerriesrockart 4 ай бұрын

Malta propert is overpriced and heading for bubble territory

@stevefarrugia-dc7qt 4 ай бұрын

Have you been to Malta?@@BillGaytes

@skerriesrockart 4 ай бұрын

@@BillGaytes in what way?

@stevefarrugia-dc7qt 4 ай бұрын

@@skerriesrockart Come and see with your own eyes and you will not be disappointed.

@truthandnothingbut 4 ай бұрын

Thanks for all your input / work. Don’t stop !

@nomadcapitalist 4 ай бұрын

Always!

@JamalTurner-kq2ty 4 ай бұрын

Paying taxes in the UAE doesn't sound bad because you know the money is going towards the infrastructure unlike the US where California makes trillions and can't get a decent freeway

@Valhalla_Heathen 4 ай бұрын

Exactly!

@Daniel_RG 4 ай бұрын

LOL, what infrastructure? The fake islands sinking back into the sea? the world’s largest (broken) Ferris wheel? Quoting the Washington Post: "Critics describe a development scene built on hype and headlines, highly speculative, opaque, often overleveraged, and overseen by officials who refuse to acknowledge mistakes and gloss over failures with shiny new projects - often leaving investors on the hook"

@muneebbasit8519 4 ай бұрын

UAE had been able to maintain that infra with 0% income tax. The money might go somewhere else.

@Daniel_RG 4 ай бұрын

@@muneebbasit8519 Yeah, and a grotesque enslavement of migrant workers, just google a bit.

@spicysalsaking791 4 ай бұрын

That money never went to building roads anyways. Most of it went to dropping b0mbs on br0wn children in resource rich (lately sand-filled land) conflict zones, paying weapons manufacturers to support Ukraine, paying for the welfare/health insurance/health insurance middlemen for the operators of those military drones, or insurance company middlemen/gov't bureaucracy to begin with, etc. It basically all goes to everything but helping the citizens. We even indirectly subsidize like 80%+ of the entire planet's pharmaceutical R&D, as well as their physical safety, and the benefits of freedom of sea travel (law & order and relatively efficient/affordable global trade). You're welcome, Scandinavia. Also, I say that as someone with 3 family members currently in the military, and working in US gov't myself.

@frizellruckerjr3968 4 ай бұрын

Andrew, You're definitely at the Top of the Heap. I guess in the West, We deserve the slight. Thanks.

@nomadcapitalist 4 ай бұрын

Thank you for your kind words and support! It's our mission to provide valuable insights and assistance to individuals seeking to enhance their lives through strategic global planning.

@sebastiandahnert7692 4 ай бұрын

thanks :)

@thomassen_thomas 4 ай бұрын

It was inevitable for this to happen. To run a system will cost money and if you do live there, the 9% is not that much (depending on how much you earn). Besides, it is better to pay some then let the society that has grown in a certain way just decay due to lack of finances.

@AnodaTech 4 ай бұрын

Most westerners are just too greedy. Most of them are from American where the tax is worst.

@dubaifatimaali 4 ай бұрын

We came to Dubai as it was tax free and now I have to pay tax in groceries and other stuff and seriously 😣 it's very sad.

@SuperPersianproud 4 ай бұрын

I was gonna start my company in Dubai in three months. Any suggestions that where could be a much better option in your opinion tax wise and also better potential for companies in terms of reputation?

@juandebermudez1435 4 ай бұрын

Bermuda

@yz4610 4 ай бұрын

Dubai getting more and more expensive! No more tax free Dubai

@curtis1397 4 ай бұрын

It really makes you think, maybe things shouldnt be scaled up. The larger something gets, the more people pay and the less freedom we have. We would all be more prosperous if countries were limited in size. I wonder what the optimal size would be? Maybe a couple million people?

@zerma6 2 ай бұрын

I think like you but more like 8-9 millions is mangeable by a decent size government . Then it’s too much.

@janitoronfire 4 ай бұрын

Their human rights abuses should have kept you away. Maybe this tax will.

@eldonbogs 4 ай бұрын

Play by their rules, which are fair tbh and its a perfect life of what society should behave like. The West is completely fallen, if trump/polievere don't make it its a sealed fate. That is my clue to move, hence why I'm watching this video

@soundmoney4all24 4 ай бұрын

Every country is committing human rights abuses. Look at Canada and Trudeau freezing the Truckers' bank accounts. The U.S. with forced jabs if you want to work via Biden. Australia with their covid concentration camps.

@janitoronfire 4 ай бұрын

@@eldonbogs lots of other locations with better civil rights. Plus Dubai in august… no thanks.

@WestCoastAce27 4 ай бұрын

@@janitoronfiremost people take 3 weeks in Aug off.

@Kaitrader 4 ай бұрын

Look - there is a bigger story here and it has nothing to do with Dubai. The reality is that ZERO tax is dead. Sooner than you think, wherever you go that is 'half decent' will require you to pay some tax. Any country (if they will actually continue to exist) where you will not be required to pay tax I can guarantee you will be totally unliveable. So the future is no longer about zero tax, but about minimising tax. On that basis, 9% isn't too bad at all if Dubai is where you want to be. Yes some hate it, but I have encountered so many who love it, so let's stop the hate remarks because many people hate living in the US, UK, and other parts of the World and would rather still have their main base in Dubai for many other reasons, not just tax.

@nomadcapitalist 4 ай бұрын

We explained how there are plenty of places with lower than 9% tax, but also that anyone who likes the UAE can certainly live there and pay a low rate of tax. We also covered the "death of zero tax" here: kzfaq.info/get/bejne/ndxpnMJz2Zm5kYk.html

@Naz-xh4vm 4 ай бұрын

The people who hate it have never been there or aren't wealthy.

@ClaimflightsDe 4 ай бұрын

thats shocking, they even do not have many double tax treaties which in fact make this tax much higher as you might be double taxes in some cases with some of your business operations

@davidhogg5370 4 ай бұрын

YOUR SAFEST BET IS TO LIVE ON A SAILBOAT IN THE MIDDLE OF THE PACIFIC

@bbpersonalpage1613 4 ай бұрын

😂😂😂😂💯💥

@naveenmessi2705 4 ай бұрын

So this is only company tax and not Regular income tax on an individual basis right?

@swatisquantum 3 ай бұрын

0% income tax.

@RayMelville 4 ай бұрын

Lived and worked in Dubai from 1997 to 2000 at the start of the first boom. Didn't get all the hype about living there then and it only got worse since.

@drmodestoesq 4 ай бұрын

You didn't like living in a mall in the baking desert?

@RayMelville 4 ай бұрын

That's exactly what it felt like. Every thing artificial including the air.

@sautante 4 ай бұрын

there was literally nothing there when you were there

@RayMelville 3 ай бұрын

@@sautante there were a few malls with City Center being the largest, Burj Al Arab was the latest luxury hotel to open. Airport and roadways around were being built. Yes, that was the beginning of the big expansion that followed.

@davidanalyst671 4 ай бұрын

would you ever keep an office in dubai because it would give you a physical presence to reach people tryna get a better tax deal?

@shawnip6369 2 ай бұрын

For accountants and lawyers the hell yeah

@Heshhion 4 ай бұрын

I really enjoy your information and details about tax free areas. But you speak for people who have millions and a real estate portfolio's. Could you do one for people who own crypto and have about to open a KZfaq channel and don't want to pay tax legally?

@wallstreetlegends 4 ай бұрын

Still 0% personal income tax. Ideal if you are trading equities😉

@adamselectricuniverse 4 ай бұрын

Nothing against Dubai, but really, why pay 9% all of the sudden for nothing gained? Dubai was never near the top of my list with respect to other criteria including lifestyle... and, I prefer trees anyway! lol

@user-cd5ko7it5c 4 ай бұрын

Visited one of the biggest Freezones in the UAE in November and they were already talking about 13/15% to follow OECD guidelines for the global tax. Even 15% is not that high consider ing the safety and easy life in UAE but with the moves Saudis are making (forcing big companies to relocate their regional HQs to Saudi Arabia) and increasing the tax from zero to 15% in short time it will be less interesting place to invest in or open business. That being said, it is still one of the best countries to live and do business in from my personal experience.

@jllarivee60 4 ай бұрын

So what's the next Dubai 2.0?

@ashtonal 4 ай бұрын

Next video a must on Italy

@dressydress9726 4 ай бұрын

When saudi began taxing their citizens (at most likely the command of their foreign overlords), it was thought that UAE investors would soon suffer the same fate. About Qatar, the media has portrayed them as being sanctioned by the west, but how come they are a big investor in UK? They operate heathrow.

@davelawson2564 4 ай бұрын

qatar cannot be sanctioned . US military base will be blocked. qatar is playing smart while supporting all islamic terrorists

@elsbells8545 4 ай бұрын

Even free-zone…? I would asking you before many months ago, how you see Dubai in 5-10 years?

@jonjon-jd6vt 4 ай бұрын

Yeah, but the UAE has always been double jeopardy with doing business and prison if you get accused of breaking the law. Guilty or not you go to prison. It's not worth doing any business there at all. Unless you or your company are based some other place.

@Zaabi 4 ай бұрын

That’s just wrong on you

@skerriesrockart 4 ай бұрын

Dont forget thier barbaric approach to human rights

@Zaabi 4 ай бұрын

@@skerriesrockart “barbaric approach to human rights” don’t like it don’t come- our country our rules, your opinion is null and void

@skerriesrockart 4 ай бұрын

@@Zaabi i would NEVER go to your country..not only are you culturally living in the dark ages but the demand for your oil is soon going to be dwindling and your 'state' will fall apart.

@vladonutueu 4 ай бұрын

@@Zaabiyou can keep your desert all for yourself

@angelabns3730 4 ай бұрын

So...if I buy a house there, am I going to be taxed 9% yearly too?

@AJohnson0325 4 ай бұрын

It’s still a lot better than many of the alternatives. In the United States, the federal and state government take almost 40% of my income. If you live in Dubai and like it then stay there. I think the taxes are even less than Monaco. If your company is worth a lot of money, you could always just sell it too if you’re thinking about retirement. Maybe you can convert it to personal investments and pay no tax?

@WestCoastAce27 4 ай бұрын

Yes. He’s being very short sighted, not considering overall quality of life. Laughable that he used the text ‘holistic approach’ in this video. And so far the majority are ignoring his advice; economy still doing great after the announcement.

@terryleong7 11 күн бұрын

Where are you moving your company?

@dellrugby 4 ай бұрын

In the UAE, as a contractor. Things are still good if you are a contractor IMO.

@auraguard0212 4 ай бұрын

Who does the minimum 15% tax go to?

@elbertmkizy7086 4 ай бұрын

Does distribution of goods = commodities trading?

@prantokhan2303 4 ай бұрын

Price cut monopoly works like that right

@Charless-ft6ku Ай бұрын

Plus now they have to deal with the rain

@Michael-gn2jx 4 ай бұрын

can you do a video on Hong Kong and its current pros and cons

@harisadu8998 4 ай бұрын

Hong Kong is honestly fine. Lived there 28 years. Just moved to Dubai for different reasons.

@MuscularMan008 Ай бұрын

@@harisadu8998you moved there based on what? I mean work business?

@devontehoward1ify 4 ай бұрын

UAE have Debt that’s building up so they got find way pay off

@LMWORLDWIDE 4 ай бұрын

Right! Building glass building and snow resorts in the desert doesn’t come for free 😂

@longhorn789000 4 ай бұрын

Can't you make yourself the manager of your own company and pay yourself a huge salary ( most of the company's revenue).....thus making it a huge expense thus very low net income for the company....hence lower corporate tax?

@ahbe9232 4 ай бұрын

Yes you can, to lower your company’s profit and to be under the taxable profits threshold

@ahbe9232 4 ай бұрын

Great idea

@extsaojose 4 ай бұрын

Bingo!

@bradebronson8835 4 ай бұрын

How about capital gains tax?

@machenka 11 күн бұрын

Dubai is such a horrible place so good for those leaving that hellhole but moving a company somewhere just to not pay tax and contribute to the society around you is despicable and should be frowned upon.

@macjc5 4 ай бұрын

Bate and switch from a hole in the sand.

@omarmahfouz5599 3 ай бұрын

Sound bitter

@rehanhanif237 4 ай бұрын

I believe the current system for foreign residents in the UAE is due for reevaluation. It seems overly focused on generating revenue through fines and visa fees, potentially deterring valuable contributors to the country's growth. Requiring frequent re-registration can be cumbersome and discouraging for long-term residents who significantly contribute to the UAE's economy and diverse community.

@MrMrbugzz 4 ай бұрын

Great stuff Andrew. Dubai will sadly change for the worse in taxation terms for almost everyone except the locals. They will do this because the tax burden in the West is incredibly high and hence the Emirates can simply levy these taxes and people will not move elsewhere given the cost of doing so. Socialist cancer is spreading and there's soon not going to be many places where one can live in freedom.

@ivovandevelde2165 4 ай бұрын

Socialist cancer? What is this?

@AnodaTech 4 ай бұрын

You are just too Greedy.

@paulof80 4 ай бұрын

Completely agree on the "socialist cancer" comment. It's unfortunately a disease that's not going to go away, day after day there will be more people not working depending on people who do work, and the governments will need to keep them. After all, the governments in the West are basically made up by a big chunk of career incompetent and corrupt parasites who are elected by these people and depend on feeding them bits and pieces to keep themselves in power, thus perpetuating the system. And the fact that Dubai is changing their long-standing stance on taxation is partly due to pressure from the West. Because citizens are escaping from the claws of these tax-hungry countries, shifting their riches to tax-free countries, so they resource in putting pressure on places like the UAE to change their ways in order to "be part of the club". The international banking system is one of such clubs, just as one example.

@huooful 4 ай бұрын

Do you think trading crypto or stocks in freezone companies is still zero tax in Dubai? If not, Can you just pay it out to yourself as an employee and not pay the 9%?

@randycarstens1100 4 ай бұрын

Sad I would like to see one area that maintains its zero tax status just to see the prosperity.

@aninda2457 4 ай бұрын

Saudi may take advantage of the situation.

@amthebossofmyself 4 ай бұрын

tax is already at 20% in Saudi

@naturemeditation3751 4 ай бұрын

Saudi King has some innovative ideas coming up … it could affect dubai

@nebyeelda5862 4 ай бұрын

No they can't. Cause the taxes are being forced all over the world by the United States.

@MuscularMan008 Ай бұрын

@@amthebossofmyself😂😂 fr they only look at uae but forget other countries there are doing more than them.

@nmccw3245 4 ай бұрын

Dubai is worse than Vegas - nothing but a cheap facade built on sand. Get out of that trap before it’s too late. 🤣

@omarjames11 4 ай бұрын

Hater....vagas sucks

@zarass3818 4 ай бұрын

You can go abudhabi 😅😅😅😅

@zackbog 4 ай бұрын

there going be nowhere you can go to avoid taxes if they are part of WEF good luck

@user-ez4qw2or4k 4 ай бұрын

what about if you dont wanna pay 44% in the uk 9% is nice

@rujotheone 4 ай бұрын

I like the go where you are treated well movement but at the limits you cannot keep running away forever because the people that like to take will never stop trying to take. They have strongarmed UAE to tax.

@justinweisz1185 4 ай бұрын

What about Singapore offshore companies ?

@nomadcapitalist 4 ай бұрын

We have covered it in this video: kzfaq.info/get/bejne/jNOHnKSdusy6Y6c.html

@MikeSmith-kl7yr 4 ай бұрын

so it's still 0% tax on capital gains then?

@jamalgreen3056 4 ай бұрын

Andrew I just found out that Aruba is allowing u.a citizens Americans into Aruba without a pass starting in march.We will have to show our passport the first time but after that they will use the information from the passport and digitally scan our faces to enter instead of showing passport.

@lilmargin12 4 ай бұрын

Greetings from Cur

@Tee55118 4 ай бұрын

Interesting. I annually fly into AUA.