Dubai Tax Secrets for American Expats

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In this informative video, Andrew dives deep into the intricacies of taxation for Americans living in tax-free countries, with a focus on Dubai. Andrew will explain how the unique U.S. citizenship-based taxation system works and share strategies for reducing your tax liability, especially if you're a business owner. He'll answer the burning question: Do Americans pay tax in Dubai?
00:00 Start
1:19 Taxation in Dubai
5:44 Free Zone Companies
7:30 Business Ownership and Taxation
9:26 Earned Income
11:35 Challenge for the Americans
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Опубликовано:

24 июл 2024

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Комментарии : 31

@nomadcapitalist 10 месяцев назад

⏱ Save Time, Effort, and Money! Let us streamline your transition to the global stage: nomadcapitalist.com/apply/

@causalitymastered 10 месяцев назад

Yes. You have to renounce American citizenship to get rid of the IRS.

@Tee55118 10 месяцев назад

Most absolutely correct, and well known by lawyers and bankers and investors for decades of years.

@Bearjew613 10 месяцев назад

This is the old school videos I miss from Mama's capitalist low production video and right to the point.

@tubes9181 10 месяцев назад

Great info, thanks!

@nomadcapitalist 10 месяцев назад

Thanks for watching!

@AlwaysGrowing0 10 месяцев назад

For people who are mainly crypto investors is it better to renounce and move to Malaysia or to live in Puerto Rico?

@muznakazim4316 3 месяца назад

Do we have to pay taxes if while living in California we operate an air bnb business in Dubai? Thanks

@JS-fd5oh 10 месяцев назад

Does rent count as an earned income?

@CastleMatch 10 месяцев назад

Isn't Puerto Rico a better option for U.S. Citizens who don't want to renounce over Dubai and other low tax jurisdictions?

@maxmorris4562 10 месяцев назад

1:26 3:14

@MissMalevolent 10 месяцев назад

I'd like to see you on Tim Pool.

@3rdworldvibe 10 месяцев назад

The answer is 5

@user-fz6ds2cf6s 10 месяцев назад

IF ??" Your Willing To GIVE UP MOST or About ALL of Your Freedom. " And INCOME. THen STAY IN US." IF YOUR a Critical THINKING Person. " Then YOU WILL Have Your Hands and MIND Full. Of TRYING To have any kind of Descent Life at All.

@rivenoak 10 месяцев назад

to poke the devil: does UAE tell USA about your business ? :p

@user-fz6ds2cf6s 10 месяцев назад

Overall. " IT IS REALLY WHAT your Looking For and WILLING TO SACRIFICE. To Live Or Exist. " If One CHOOSES to Or IS FORCED to Give UP !!!!! There Citizenship.

@pickywolf2728 10 месяцев назад

What about dual citizenship ?

@rivenoak 10 месяцев назад

as soon IRS is involved your other citizenships are useless.

@robbybroon4904 10 месяцев назад

Makes no difference to IRS. If you are US citizen or resident they will tax you regardless of any other citizenships you have.

@pickywolf2728 10 месяцев назад

@@robbybroon4904 But I guess u can cheat the system by hiding your wealth somewhere else ; especially in the country where u have the other passport from. What do u think ?

@jobinjoy295 10 месяцев назад

Hey can u do a video about can you do a video about Argentina citizenship. The video must include birthright citizenship, Argentina child parents naturalization, naturalization, permanent residency, the ways to get permanent residency, weather anyone can renounce the citizenship later, dual citizenship, tax residency, what type of tax residency Argentina has, corporate tax, living expense, climate, which place is best to live,

@matthewnirenberg 9 месяцев назад

Why would any nomad capitalist want it? You can't renounce it, the country is a very socialist country with huge welfare expenditure and they've been talking about citizenship based taxation for a while. Nomad Capitalist has covered Argentina in many previous videos.

@JVAN073 10 месяцев назад

I pay NO tax except VAT on goods i buy. I could also get that all back if i would go for it. Then i would be literally tax free. But virtually all of my other affairs are untaxed. Legally. Great. ( yes i pay tranfer tax when moving property around. A little over 3 %)

@Misaka-gt5yj 10 месяцев назад

Thanks to Obama, American citizens who live and work abroad must also pay a kind of citizenship tax back to the US. Essentially you get double taxed unless you renounce citizenship.

@sellersunite6063 10 месяцев назад

Can you help me please sir 🙏🏽 i genuinely need your help

@nomadcapitalist 10 месяцев назад

Hi, You can follow this link to speak with us: nomadcapitalist.com/apply/

@mushroomzulu 10 месяцев назад

Americans don't have to pay any tax if you understand trusts.

@JVAN073 10 месяцев назад

Good luck trying to put your wages in a trust after working a month. Plenty of reason why that won;t work.

@hj-bc8sb 10 месяцев назад

I'M GETTING A FEELING A LOT OF PEOPLE WILL RENOUNCE U.S. CITIZENSHIP GOING INTO THE FUTURE.....😂😂😂😂

@matthewnirenberg 9 месяцев назад

Then they'll continue to do as they've been doing recently - making it very hard to do so. Also note that just because you pay the fee and any "exit taxes", doesn't mean that they have to accept your renouncing. They can simply refuse to accept your renouncing and guess what? You're stuck as a US citizen. The more people leave, the more they'll clamp down. A good example is Australia's travel ban during the plandemic - officially it was for "health" reasons but in recent months, its been revealed that it was to "trap wealth in Australia because too many people were leaving". Ironically, Australia, since "dropping the travel ban" have done exactly what I said they would, they've kept the law they used to close the border (a complete travel ban) but they've expanded the default "exemption" to permit anyone to travel who isn't considered a threat to Australia. Note that "a threat to Australia" specifically includes "large wealth or businesses leaving the country". Basically, if you're well off in Australia, you're trapped unless you want to leave your wealth or business behind and if you do so, you're stuck in the Australian tax net until that wealth and/or business leaves the country or goes to nothing.