Is Dubai the Best Place for 0% Tax? Find Out Here
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- čas přidán 27. 08. 2024
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Summary of this video:
💼 Pros of Living in Dubai and the UAE
- Investment-friendly environment.
- Easy immigration procedures, including obtaining visas.
- Favorable tax policies, such as no personal income tax or capital gains tax.
- Opportunities for networking with wealthy individuals and entrepreneurs.
🌍 Infrastructure and Connectivity in Dubai
- Well-developed infrastructure and safety measures.
- Excellent connectivity with the rest of the world, facilitated by major airlines and geographical location.
- English proficiency among a significant portion of the population, easing communication for expatriates.
🪙 Specific Advantages for Crypto Investors in the UAE
- Favorable environment for crypto investments with low taxes and crypto-friendly society.
- Beneficial for residents from certain countries, such as the UK and India, due to tax regulations.
- Geographical advantage for global connectivity and trade.
🛑 Challenges and Drawbacks of Living in Dubai and the UAE
- Issues with air pollution, particularly in summer.
- Concerns about food quality and water contamination.
- Limited presence of nature and challenges in the dating scene.
💸 Tax Considerations and Limitations
- Americans face tax obligations to the US even when living in the UAE.
- Norwegians and residents of countries without tax treaties may still be taxed by their home countries.
- Difficulty in obtaining permanent residency or citizenship in the UAE.
⚠️ Geo-Political and Societal Factors
- Geopolitical tensions in the region pose potential risks.
- Muslim-majority society with limitations
- Legal system, while ensuring safety, can be strict and potentially misused against individuals.
💳 Banking and Residency Limitations
- Challenges in banking for crypto investors due to traditional banks' reluctance.
- Limited pathways to permanent residency or citizenship in the UAE, contrasting with other jurisdictions.
DISCLAIMER: This video is not tax and/or financial and/or investment advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.
I´m living here and I love to watch children being children with no phones in their hands. Just playing cards, seeking, or with bicycles . I love the fact they keep them PURE. 💖💖
So, children in the UAE are not allowed to own smartphones?
Presence of Indians, no problem. Presence of Islam, no problem. Air quality during the summer: problem. Bad water, big problem but I didn't experience it when i visited. Maybe location dependant. Dating? I wouldn't date locally, but as a tax residency i don't think it's an issue.
I think it can be a nice place to spend a few months in the winter, if you can secure somewhere nice to stay.
great take, agree
Are Indians dangerous ? Why people put comments about everywhere ? Can anyone explain?
Plenty of gold diggers flirting/chasing men in Dubai. So, if you are a man who don’t want to marry these GDs but enjoy dating them, then the city is a playground for you.
Right? Wtf was that about Indians?
You can't deny the cyclical nature of financial markets. Artur Grandi's book gives you a roadmap for stabilizing investments and dives into potential investment avenues, such as cryptocurrencies.
Bot like
I am Catholic and when I was in Dubai I was able to practice my faith at Saint Mary's on Oud Metha with no problems
Great to know!
😮😮😮😮
Alhumdulliaha
Don't you "practice your faith" every hour of the day?
because Vatican created Islam. Both religions have core principles.
I'm all for safety, but lacking rule of law or basic due process is unacceptable.
You don't have that anywhere anymore. Ask Trump
I think a place like Singapore really gives Dubai a run for its money in this category.
Many of those Maseratis stolen in Canada actually end up at Dubai dealerships (confirmed reports: car with a hidden Airtag + dealership listing in Dubai selling the car with “Canadian specs”).
This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Devion Jane
I agree just reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading..
Please educate me, i'm willing to make consultations to improve my situation,
Her technical analysis is excellent and her interpretation/projections of the market are so accurate I sometimes ask myself is she is a human The point she is the perfect trader to follow for advice and guidance
Wait is this the same lady? That helps me with 17k investment “wow" such a small world..
Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject! Thanks to Mylah Evander the lady you recommended.
Investment is the best idea presently and without it, human struggles are worthless.
I always wanted to trade for a long time but the volatility price has been confusing.
I'm also one of the beneficiaries of Mylah Evander. Relying upon this administration is nothing but a total waste of time. So happy I gave it a trial after being skeptical of the process.
Mylah was interviewed on CNBC Television. You can use something else, for me the strategy works hence my result. She provides entry and exit points for the securities I focus on.
Please i'm new to this, how can i get her assistance?
Indians, Pakistanis and other asian immigrants literally built everything you see nowadays in Dubai, ofc there's a lot of them there.
It's like 2 hours from their homeland. Just like how there are lot of mexican and latin americans down south of US.
And talking about UK, those Brits literally looted the whole subcontinent for 200 years iirc, you'll surely have a lot of them there who were brought there are there either through generations or just new skilled immigration mostly IT and Finance.
As long as they don't bother your life I don't see a problem.
He hates Indian
i agree, totally right
I got no problems with indians Pakistanis afghans Bangladeshis.nepals srilankans..non what so ever. Like Europeans and westerners have a right to seek a better life ..so do they.. when we escape misery so do they.. Dubai is built on there backs.
REAL TALK
it's like they're ok with it when the person is white but not when they're black or brown
agreed!!
well said! I find it rather repulsive when people talk down to other races, especially when those races built the city as you pointed out.
Right? They're ok when Indians are *building* the whole damn place, but not *after* they've built the place... Then it starts "annoying" them.
When I lived in Jerusalem across five Summer months, I came to enjoy the blending of church bells with the Muslim calls to prayer. It could make a very pleasing contrapuntal melody which I've missed, a little, since then. (Not returning in the present day though..).
You forgot traffic, the traffic is awful.
"I'm not racist...but there are a lot of Indians and Pakistanis, a LOT...too many of them in Dubai". Sounds racist to me
Okay then
@@WealthyExpat the country you talk about is built by them.. why you have so much hate towards Indian they are not harming you what harm they have done to you ? Just their presence made you hate them
He’s obviously a racist. Pathetic way to mention the people that put their sweat and blood into building the place.
@@bhavyapanchal I'm also Indian but I don't think he was being racist. He only said that the main demographic in Dubai is Indian and Pakistani. It's useful information to know the demographics of any country you want to live in.
@@RK-bx1byrewatch the video. He didn't mention it as a simple fact about the demographic. He said it's kind of annoying to him
Dubai just had major flood, the worst in 75 years, to me moving to UAE would be challenging.
it is already dry .....
Omg…you ain’t moving anywhere just admit it…
You didn’t mention the 9% corporate tax that is a requirment above 375 AED company income
4:36 I think that the problem is with the apartment and the water pipes in it. In general, the water from the tap is safe to drink in all Gulf countries
Dubai is collecting tax indirectly in the name of licence fees.
If I'm earning 1 million dollars and Indian government taxing it by 30% approx.
I can see the difference clearly
every country has licence fees ...
Better than India robbing its citizens indirectly in the name of tax
Not to the extent of UAE, they charge for certain things that other countries don't@@JohnIvan-nk6yw
Dubai is build by Indians, especially from people state called Kerala
Money minded Keralites
That was a very well reasoned talk on Dubai. I remember watching a clip of the ruler in Dubai speaking about Muslims immigrating to Europe. He was more or less suggesting that they don't know what they're doing, and they're bringing in these people which is going to cause havoc to their country because they don't know how to deal with these people. And you know when I listen to your talk it makes a lot of sense. You won't see demonstrations and other types of nonsense in Dubai. They just don't allow it! And there are no human rights that people can scream and yell about, because they probably don't exist. So I think they really treat you like a client as opposed to a resident or a citizen as you pointed out you'll never be unless you happen to be a very famous Canadian like Kevin O'Leary!
Human rights don't exit in Dubai? What are you talking about? What are human rights according to you? The reason Dubai is ahead of the West because they guarantee people to live safely and free. What more human rights do you need?
@@somalijecel18 there's all kinds of them. Freedom of speech, the right to demonstrate, and I could go on for another hundred pages.
What about the right to criticize the government?
You might want to read the Constitution
@@torontovoice1 West is a shithole because of all those "rights". Keep them! We don't need them here.
@@torontovoice1this is hilarious you just suggested that Muslims immigrating to the west is a bad thing because they have the right to demonstrate & they use it and then you said you dislike this and like it at the same time, you may want to look up Square circles in your free time..
@@somalijecel18 Can you quote one examples where an Expat was wronged by an Emirati and the law justly penalized the Emirati for it?
Ok Dubai is a no go. Very informative.
which points hit you the most to make the judegment? curious
@@ywueeeemostly stigma and media influence mixed with a bit of ignorance I would say
One of the best and most balanced videos on the UAE. I lived there for 10 years and loved it there before moving to the UK. I really like your balanced and objective view on this
Never mind the open slavery.....
Indians in UAE are usually labourer class escaping their own country, while those going to UK are professionals etc.
Rich people don’t need education.
Rich people don’t go to UK or USA
An Indian is an Indian for a racist. Looking at the skin colour and facial structure is enough for them.
Great video as always! You’re giving us the straight goods.
Zeeo personal taxes in Mauritius, less expensive than dubai.
tell me more, which pathways?
I don't believe that's true. I looked it up and higher earners pay 20% of their income in taxes.
For your information the Indians are the main contributors to the economy in Uk and Dubai!!! What a silly thing to say,
how much is the investment in the property if I choose a 10 year golden visa in Dubai? in some of your past videos you are very favorable in Dubai tax system. so how much is the acceptable capital gain from crypto in a personal level that will be accepted by banks in Dubai without being tax?
I like Dubai. A place with so much diversity.
for that 9% corporate tax, is that after all company expenses? or off the top of all revenue/profit? in theory if you pay yourself out everything as salary will that reduce corp tax liability to 0 as its considered an expense for the company?
Also with the lack of a background check there's plenty of con artists I've come across in UAE from a certain country in particular, orchestrated family networks are common.
Dubai is unstoppable.. excellent growth opportunities...
What about Germany? If someone wants toleave this country for Dubai
Do I still pay taxes to Germany after leaving?
It probably depends if you still own assets in Germany. If you have a house or car in Germany then the government might still decide to tax you because it seems to them that you will move back to Germany soon. Countries like Australi already do these lifestyle audits.
Thank you for the real raw information definitely refreshing and direct❤
Hola Rafael...What about Italy...if tou moved to the UAE do you still need to pay taxes in Italy or is it the same for say...UK? Thank you very much!
Great post! Thanks!
Great infrastructure... well they should have invested in decent water drainage if they are playing with cloud seeding and geoengineering!
One of my dream travel destination 😍❤️
If bank is not helping deposit crypto profit, then what is the benefit?
Your tone in the video has a certain undercurrent of racism and Islamophobia
I've lived in the UAE since the 1980s and have never had an issue here nor have any of my relatives
The Indians and Pakistanis that you seem to despise are infact the backbone on which UAE was built ... not only did their ancestors traded with the Arabs in Sharjah and Fujairah, they were here before independence helping the British built buildings and ports & later helping the Arabs with civil infrastructure in the 80s and 90s
Ask those people who lived here under Shiekh Rashid and you will realize what Dubai and UAE is ... we are not just a country of expats ... we are a country which developed along with our expats.
Okay
Is that all you have to say after making racist remarks? Have some shame @@WealthyExpat
Can you do one on KSA?
UAE seems wonderful due to the lack of minimum wage and the easy importation of the willing to do the needful.
Lmao
Just say u racist dud
Thanks for a real honest review... not just 100% positive about it
Just to let you know .. Dubais first currency was " Rupee". So there is equal contribution of Indians in building dubai. So if people have problem with Indians in dubai they should also have problems with dubai as a whole @wealthy expat. Though it was not racist comment but seemed like racist for sure.
he is racist just like his grand daddies. Racist go to hell
Exactly 💯 he definitely not like Indians ( What an idiot to hate 1.4 Billion people)
Too much kachara this guy
It was absolutely a racist comment.
You can't deposit money in a bank from a crypto exchange? Why not?
How about trading crypto within a company or fund? Tax free I suppose, but high regulatory cost even if no external money is involved?
Every time someone says, "I'm not a racist, but...", you can expect the most racist statements to come next XD.
Pretty much
What about Panama? you should do a video about it
Rafael, i want to move my tax residency to dubai but i need your help..
Getting a swim diploma🤣. All jokes aside, amazing assesment
So, if I have millions in crypto in Dubai, what do I do? How can I withdraw them to my bank?
Some great pros, but the cons are just too big.
Mauritius is better for zero percent tax
It's an island in the middle of nowhere. Long and expensive to travel to/from there, among other downsides like isolation and fewer connection and investment opportunities. VERY weak currency. The country looks beautiful, though. BTW they aren't zero tax lol their corporate tax rate is higher than Dubai's.
poor country, how do you plan to make money there ?
@@jayceontalylor4244 They do have internet right? Lots of ways to make money with just an internet connection these days.....
Dubai is the best place for business and real estate investment
Bro, they Rob from Canada and ship the car to Dubai
Nice 👍
Where is best for crypto millionaires (both short term and long term gains) who are raising a young family? FYI Switzerland is boring AF
Swiss passport it’s the best 🙏🏻🇨🇭
Nah
@@sami.m6564 YES
crying as a norwegian
Just came back from Dubai and I would not recommend it. Artificially designed city, lots of traffic jams and no greenery. I prefer countries in South East Asia or the Mediterranean for low tax living....
Malaysia charges foreign real estate investors a flat 30% income tax on their rental income. That's a rip off! What low tax are you talking about?
Just get a real solution for taxes worldwide so people want to put up with all the tax BS
Thank you some con i did not know of
9% corp tax is significant.
Def better info than the relentless hawker.
Thank you !!
How's the flooding over there in Dubai?
@@manni192 I am from NYC and was on Dubai back in 2021 and it was amazing to see how diligent the government is especially compared to the USA
@@manni192 that's because the UAE/Dubai run their country/city as a private business little bureaucracy unlike western countries
Almost completely recovered, and a $21 billion project to build a better drainage and sewage system was announced.
@@MBH_212 Awesome
@@Grimmes12exactly. USA is a corporation
its no longer 0% so pass............... easy to visit there do business - and bank and live elsewhere check out WHY I LEFT DUBAI a video you made.
👍👍👍
Your jaw implants are way to big for your face. Consider downsizing to a more proportional option.
you can add Russians to that list of ‘too many’.
they need to make a law banning taxi drivers farting in their cars. I get some of your points alas
Hi bro, i have tonnes and tonnes of Watermelon that i want to export to UAE from Tunisia, can you help with that and take your desired percentage or its not in your expertise field ? i just want to know if i move forward to contact you via your websites with further details or i drop the case . just hit me with a like for affirmation . thnx
Try contacting Viva supermarkets. Google "Viva UAE". I think they consider direct import and could help you figure out what to do
Rafael, have you drowned there yet?
Lmao