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.
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.
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 !!
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.
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.
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
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 )
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
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
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. 🙂
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.
@@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.
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.
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.
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 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
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%".
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.
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%.
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.
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.
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.
@@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.
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.
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
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.
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.
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%.
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.
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!
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.
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.
@@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 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.
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.
Thanks for sharing! We also recommend that you watch our recent video about Three Cheap Places to Escape Canada: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-rXgW-SfDP1c.html
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.
@@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?
@@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.
@@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
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.
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
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"
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.
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.
Very sensationalist. Income tax still 0%. Corporate Tax only at 9% in 3 years for many SMEs. 2026+ there will be ways to reduce the tax burden below 5%. Very convenient place to live with great healthcare/infrastrucure. And even if this all doesn‘t count - even 9% would be nothing compared to what most people are taxed in first world countries (30-45% where I am from; cost of living about the same).
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.
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: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-gv9i_Bt3UaU.html
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.
@@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.
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.
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
@RU-vidfan-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 🤣
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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.
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?
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.
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
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.
I had a company in Dubai for a few years, we closed it back in mid 2022 as the writing was on the wall. Geopolitics is the key and wether you like it or not, Arab states are fundamentally unstable being between the western and Chinese/Russian spheres of influence. Lines are being drawn and it's just safer in western or western allied countries long term. You just need a little more work to make them work for you too.
@@nigelwray7647 Russia/China allied/leaning countries tend to have fundamentally unstable legal systems with a significantly increased risk of local corruption, not to mention as their economies continue to collapse their governments will become thirstier for revenue by any means. The west is not good but we have a significantly higher chance of succeeding there.
Understood, but couldn’t the same be said for western countries? I just really question whether we are any better off here in the west if things go to shit.
always same dirty trick. First they created the attractive program. Everybody jumped into that program. Then, they increase the tax and put more control. It is not easy to relocate and move out. People will leave but it takes times and costs.
That's why you don't move all over the world for a few percentage points. If you're going to be in a country 5%, 9% or 15% shouldn't be the deciding factor, how the people treat you, the culture, climate there's a bunch of different things. Then people get all upset because they Implement a 9% tax, how much does it cost to just pack up and move somewhere else? If you save a few percentage points what's the ROI on that?
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.
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.
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?
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?
You're doing a fantastic job! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
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.
Dubai is certain to go down. Oil money support it gets from UAE capital (Abu Dhabi) is neverending debt spending on flashy projects that are not locally made.. (Locals-made) Also, lack of real startups. Especially considering foreigners are behind most of the flow mainly exagerated upsurge or boom effect followed by many spread and far more covered up busts!! So, locals attribute next to nothing in tech, industry or production. Not major or even small scale competitive created projects that can be outsourced internationally like we see coming out of many of the East Asians, Western Europeans or Americans economies!! Dubai is more of a showboating circus like experimental project.. with all the rediculously expensive spending but produce no economically viable outcomes. Tallest building is more than half empty and no proper sewage system! They have to haul the dirt in trucks!! Big fail! Projects made for advertisements and propaganda more than for core value-purpose. Many of them are failed cause the societal model, nature of finance and business in Dubai does not fit the European model in many parts. It's interposed plan done 100% by foreigners East Asians and Europeans, Americans, etc. from A-Z! The no.1 factor of any and most developments there. You don't live on the Las Vegas strip, you pass by the strip!! Dubai modeled inadvertently after Las Vegas without any substance or core value of production. That goes for small (Emirates = cities/ territories) around it too.. The only thing going for it besides oil is the sea port and that will be contested since other gulf regions are spending Billions to pull the rug from under it building their own competing newer bigger ports (kuwait, Saudi and Qatar) and these projects finishing soon. Saudi is forcing all big companies to move their headquarters out of Dubai to Saudi capital since they have the economic upperhand population/ purchasing power with a commanding GDP ( Adjusted to PPP) in the $2 Trillion compared to the UAE, $418 Billion! That moment when foreigners living and seasonally working in Dubai for any reason (internal or external) decide to pull out, the collapse will start and there is the slippery danger everyone should account for even though most likely it will happen over time. The slow with no return! The mother bust of all busts! The model is weak already, like a Ponzi scheme but done by gov!! it will mature and other more solid economically sound and real service financial technological inudstrial mixed economy models will attract these foreigners whether it's in East Asian Tigers region or in Western world European or American. It's a matter of time. Also, the oil production will hit a peak or debt will be not covered and over levaraged accounts, companies, (and in our case here cities!!! Almost happened in 2008 crash with.. You guessed it.. Dubai!! Half emptied and real estaste losses in the billions!! Prices fell in just 2 months 40%- up to 50 %!! So, in a not so last hurrah for this city full of scattered glitter-clutter but hollow-inner! The experience one will get is equivelant to that of driving around a huge luxury outside mall! Plastic experience and painfully soulless!!) .. but first failed over leveraged projects going under to pull the final trigger ending the flakey facade. Oil is shoring up the debt but whichever first! Weather is horrible.. scortching hot to dangerous levels and humid.. you won't be able to do any activity in dry desert long months of summer.. there is no spring or fall.. the distinct seasons are summer very dangerous weather high temps and dust storms while winter is not as cold like Europe! Bareable! The region of Persian Gulf is one of the most dangerous.. politically unstable and most likely another war will break out. Wars in region affecting all or most countries / involved in a way or another- Since 1979, 1991, 2003, 2014 and now!!. Many small and big countries fighting and even blockading each other. UAE Bahrain Kuwait Saudi Iraq and Qatar against each other, border/economical disputes, political influence struggles or other disagreements that flare up to uknown uncertain limits! Not to forget, all the above are against Iran and circle of infighting and distrust might slow down but will never fail to go on and on! Worst of all they are all brutal dictatorships! No freedoms or human rights to speak of! One family tribal rule since early 19th and well into the 21st centurey!! What a scary shame! Better get out and support the real development and growth in other parts of the world not the fake shakey propped up balloon bubble bursting about to happen any time of a weak structure economy that is gaudy Dubai!..
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.
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?
Used to be in awe of Dubai when I was young but now that I’m older I see how plastic and spread out the area is. Not to mention the sewage issues. No thanks.
It doesn't matter if its a 0 tax haven. Say a lot of the new boxing an mma places going on soon there. It don't matter you still got to pay tax where you came from. Its better to fight in Vegas because no state tax no flying no spending like that and you keep more money. Its why people don't want to fight in NYC the taxes are insane. Don't fight in Australia too. They tax you hard and then you got to pay tax home ull make nothing....
It’s only going to get worse, keep in mind Dubai first started with only Sales tax and everyone was told that’s all they will do, then they increased property tax, then they introduced corporate tax, now they are already talking about Income tax. For a country that’s so expensive it’s not worth it.
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.
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.
@@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
Italy wins hands down Wife can swim topless, wine is superb and cheap, language easy, climate excellent.... you can even ski the Dolomites. Superb. Andrew
The taxes in Italy cab be managed with a good local accountant..I stress the local involvement here. This is very important, and the further you get from the big cities the better. I lived and worked in Avezzano in the Abruzzo region for two years and loved it - based at the Fucino Satellite station. As a Brit I ended up paying minimal tax. The contract finished after two years sad. Good Luck Andrew
Only reason I mention topless swimming etc was to codify the easier way of life and mature attitude to the like - which we both enjoyed. Living there was like a constant holiday..... but very cold in the winter, as you're in the mountains. Good skiing nearby. Andrew
Yes it is low compairing to western countries but you have so many benefits in western countries education free hospitals free accommodation is affordable salaries are higher but in Dubai everything is opposite.
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 RU-vid channel and don't want to pay tax legally?
I only care about income tax since i dont make money through my freezone company and if so, the first 100.000 dollar is still tax free and otherwise i will pay myself most chunk of the gross profit in salary. So for me it's still 0%.
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.
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.
Seems like online businesses like Amazon FBA in the US would still be able to setup in the free zone and benefit from the 0% tax rate, since there's no business in the mainland and no physical operations in the country.
I'd like to know why? Is it because where you personally operate, where you sell to, where your corporation is, etc. may be all different places?@@nomadcapitalist
9% > 0%...PSYCH! now it is NINE% not zero% now that you are invested!! .....Ugh. Government.......RUG PULL.........I am ready for Free Private Cities (Contract Cities) where the rules do not change.
I have too many questions now bro. How long did it take you to raise that $150k, how was the whole process all in all. Im from Zimbabwe and i havr been tryng to check how this is done
I don't think that you mentioned that there is a threshold, before you start paying tax. I believe its 375,000 AED ($102,110.00), so if your net profit after expenses is under this, then you still won't pay anything. Obviously you still have a filing requirement to prove this, but there can't be many countries left that don't have a filing requirement.
If any country is going on and on about being a tax haven, it's for a limited time only. For sure, come in and make your money and contribute to the economy but always be ready to close up shop and leave. No country will stay that way for a long time. Countries need to make money, too.
Still better than most countries with safety. No body really stays in dubai long term anyways. Build your company, sell off your crypto without CGT and get out.
@@liquid_metal wow, thanks! didn't know that. do you also know about the best deals in terms of income tax? might as well ask you, since you seem like an expert :)
@@liquid_metal So EU started all these Global Minimum Tax horseshit, but it still allows these small nations in EU to continue their race to the bottom tax practice. Wonder why?