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Dubai’s 0% Tax Is Dead: What the Copycats Won’t Tell You

2024-07-07 Education
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Nomad Capitalist
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Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Get on the waiting list and join us for the next Nomad Capitalist Live: http://bit.ly/3TE0iPm Join us as we delve into the hot topic of corporate taxation in Dubai. We'll debunk common misconceptions, share personal insights on why Andrew chose not to move to Dubai, and provide clarity on the new 9% tax regime. We'll explore the UAE's pros and cons, address viewer comments, and discuss the implications of small business relief. Whether you're considering Dubai as your tax-friendly destination or just curious about the facts, this video offers valuable insights into the evolving tax landscape of the UAE. 00:00 Start 1:19 Why I Didn't Move to Dubai 4:21 The Truth about the New 9% Tax 7:27 Evaluating the UAE: Pros and Cons 9:40 Banking Issues in Dubai 10:47 Addressing Comments and Criticisms 14:04 What's the Reality 16:19 Small Business Relief Explained Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where you're treated best." Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home. Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far. If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson’s Book: https://nomadcapitalist.com/book/ 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.

Top Comments (10)

@RajshreyashAdhav 2024-07-07

The Trump impression at the start 😂

337 9 replies
@zar-party 2024-07-07

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.

72 7 replies
@MacSaxe 2024-07-07

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...

43 8 replies
@ShinChanWujob 2024-07-07

I think the tax will be increased to 12% in 3 years by 2027

32 1 replies
@Michael-wz9te 2024-07-10

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.

17
@Blckpaw 2024-07-07

Andrew, thank you for always being real on telling things, along with you keeping Nomad Capitalist transparency.

9
@burnout486 2024-07-07

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.

9
@kagi95 2024-07-07

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.

9
@Conciergeproperty1 2024-07-07

I’ve watched the intro 5 times already 😂 can’t get enough

7
@___OmerAJ___ 2024-07-08

"go where you treated best"

6

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