Why the Middle East Killed Zero Tax
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Top Comments (10)
Nobody moved to Dubai for the weather. It' uninhabitable for half of the year. Taxes and safety are the only reasons.
It was a deliberate tax strategy: start with zero tax, attract hundreds of billions of dollars over five years, then introduce a tax later. This approach compensates for the initial tax-free period while ensuring substantial long-term revenue with a now 9% tax. It was a strategic long game.
As much as I hate tax. I would pay 9% for the safety, security, cleanliness etc.
The UAE put 9% just to be 1 percentage unit under Qatar lol
Yes corporation tax is 9% now but you cannot view this as an increase. Dubai used to have a requirement that local businesses need a local partner that would have 50% ownership. That has been scrapped and 9% corp tax introduced which is effectively a reduction. No doubt businesses are better off versus the old regime.
Me watching this with 5 dollars in my bank account lol
Still beats living in Europe
It would be nice to have a series for people that are not rich and are employed but able to work from anywhere in the world.
Oman is pretty much the best place in the world to live
Curious about life in Oman? Our latest Live Like a King episode takes you inside luxury living in Muscat—one of the Middle East’s most welcoming, family-friendly, and open countries. Watch it here: https://youtu.be/k0DzateICxQ
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Top Comments (10)
Nobody moved to Dubai for the weather. It' uninhabitable for half of the year. Taxes and safety are the only reasons.
It was a deliberate tax strategy: start with zero tax, attract hundreds of billions of dollars over five years, then introduce a tax later. This approach compensates for the initial tax-free period while ensuring substantial long-term revenue with a now 9% tax. It was a strategic long game.
As much as I hate tax. I would pay 9% for the safety, security, cleanliness etc.
The UAE put 9% just to be 1 percentage unit under Qatar lol
Yes corporation tax is 9% now but you cannot view this as an increase. Dubai used to have a requirement that local businesses need a local partner that would have 50% ownership. That has been scrapped and 9% corp tax introduced which is effectively a reduction. No doubt businesses are better off versus the old regime.
Me watching this with 5 dollars in my bank account lol
Still beats living in Europe
It would be nice to have a series for people that are not rich and are employed but able to work from anywhere in the world.
Oman is pretty much the best place in the world to live
Curious about life in Oman? Our latest Live Like a King episode takes you inside luxury living in Muscat—one of the Middle East’s most welcoming, family-friendly, and open countries. Watch it here: https://youtu.be/k0DzateICxQ