Dubai’s 0% Tax Is Dead: What the Copycats Won’t Tell You
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Top Comments (10)
The Trump impression at the start 😂
A friend of mine recently told me, that his uncle from the U.S. plans to move to Dubai in order to cut his tax bill. I replied that depending on his sources of income, he might be in for a surprise and he should rather look more into countries like Georgia, or Ireland, depending on his situation. Might as well just send him this video now. If I got 1 euro from every person I heard saying Dubai was tax-free, I would have gotten 9 euros in the past week.
I live in Dubai, mostly love it but 9% + scary-if-you-get-it-wrong paperwork + it's currently 38c at 78% humidity at 11pm, all combined has me starting to question my life decisions...
I think the tax will be increased to 12% in 3 years by 2027
If you're a small business owner or consultant making around $200k a year in profit, you can still qualify for 0% tax by taking half in salaries and having another $100k under tax relief. Then, you just pay for a business license, which costs about $2.5k a year. You don't even need to live there if you don't want to, as long as you visit every 180 days to keep the visa active. That's my current situation, and I'm happy about it. When the time comes that I start making $0.5m+ annually, I may start considering other places.
Andrew, thank you for always being real on telling things, along with you keeping Nomad Capitalist transparency.
Love this. Dubai has been off my list since a long time. Even when they where tax free. But its the perfect place for influencers and fake gurus trying to show off.
Finally you said what I've been wanting to say. I'll be leaving Dubai for SEA for multiple factors incl sudden changed in tax rules (freezones were supposed to be exempt from all activities done outside the UAE) and lifestyle. That ship has long sailed.
I’ve watched the intro 5 times already 😂 can’t get enough
"go where you treated best"
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Top Comments (10)
The Trump impression at the start 😂
A friend of mine recently told me, that his uncle from the U.S. plans to move to Dubai in order to cut his tax bill. I replied that depending on his sources of income, he might be in for a surprise and he should rather look more into countries like Georgia, or Ireland, depending on his situation. Might as well just send him this video now. If I got 1 euro from every person I heard saying Dubai was tax-free, I would have gotten 9 euros in the past week.
I live in Dubai, mostly love it but 9% + scary-if-you-get-it-wrong paperwork + it's currently 38c at 78% humidity at 11pm, all combined has me starting to question my life decisions...
I think the tax will be increased to 12% in 3 years by 2027
If you're a small business owner or consultant making around $200k a year in profit, you can still qualify for 0% tax by taking half in salaries and having another $100k under tax relief. Then, you just pay for a business license, which costs about $2.5k a year. You don't even need to live there if you don't want to, as long as you visit every 180 days to keep the visa active. That's my current situation, and I'm happy about it. When the time comes that I start making $0.5m+ annually, I may start considering other places.
Andrew, thank you for always being real on telling things, along with you keeping Nomad Capitalist transparency.
Love this. Dubai has been off my list since a long time. Even when they where tax free. But its the perfect place for influencers and fake gurus trying to show off.
Finally you said what I've been wanting to say. I'll be leaving Dubai for SEA for multiple factors incl sudden changed in tax rules (freezones were supposed to be exempt from all activities done outside the UAE) and lifestyle. That ship has long sailed.
I’ve watched the intro 5 times already 😂 can’t get enough
"go where you treated best"