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Mentioned in this video: uae golden visa, dubai visa, dubai freezone visa, dubai freezone company, dubai scam, dubai golden visa, dubai real estate, uae real estate, move to dubai, live in dubai, how to move to dubai, living in dubai, dubai uae, dubai banking.
DISCLAIMER: This video is not tax and/or financial 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.
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Let me guess.. Pakistanis and Indians
They should try to reduce expat inflow and the real estate price growth.
Hello, which is the lowest initial % that you can pay to own a property?
I feel they should just have higher penalties for fraudulent people
It should be a 1 yr hold. Although bahama has the same rules and its not abused as far as I know.
Keep Dubai safe and clean. People living there don’t want degenerates walking around like they do in New York, London, etc.
Each of those operations that are transferring the title to the new owner pay a tax and fees for accountants and public notary. So something entered into the economy that otherwise would not have entered.
Bad actors always spoil it for the authentic actors. It's human nature, I guess.
If the law allows this than it is not illegal
Seriously? Disappointed.
I don't know how the law/rule was written, but it sounds like those 6 investors in your example violated the spirit, rather than the letter, of the law. In other words, a loophole. If it was truly illegal, I'm sure the Emaratis would have charged those that participated in the "fraud." Very simple solution, just tighten the rule and strictly enforce it. They can certainly keep the rule they had as intended, just kill the loophole. The people who are doing the 6 investor scenario are just going to ruin it for everyone else. But this seems like a very simple thing to fix on the Emarati side.
dont lett them to sell the house for at least 5 years…
Fraud should be stopped for honest people to settle in Dubai. Dubai should be corruption free…!!! Thanks
As I am concerned UAE already restricted sale of the propert for 2 years on which golden visa was applied. All they need to do is restrict any transfers, sales, etc, on the property visa applied for certain amount of years.
Get real! If you offer a heaven for cheaters then you will get a flood of them. The secret in life is finding a pace where honest people all pay their tax and then you have a very pleasant environment.
Do as they please, I don't want to be in Dubai with scammers, so whatever can help to reduce it, fine.
Punishment to this people ! Jail !
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Just want them to offer PR residency
Eso se arregla facil, en varios paises si vendes la propiedad en menos de 3 años pierdes la visa y si quieres volver a postular probablemente no te la den porque ya queda un mal antecedente.
Doesn't contribute anything? I'm sure they don't like their real estate and businesses going up…
Why you HATING, they finding loop holes. No one is hating on your no paying US taxes scheme.
What if I start a company and my dad has gifted me the money to start the company
Why not just check that the person still holds the title deed and withdraw the visa if they no longer hold it? They have all the databases to implement it
Sounds like an easy fix….
Nice video and thank you for breaking it down!! Even with the current dip, I'm still glad 😊 I can smile back at my portfolio of $66,700 made from my weekly trade within a short period
Shouldn't be allowed. All in for tightening the Golden VISA rules.
uae is a fraud country, uae should promote p0rn to earn more and grow there economy 😆.
1.)invite rich foreigners into country 2.) blame foreigners of breaking laws 3.) freeze foreigners assets 4.) great economic success
The stricter the better! How much does it cost to get a golden visa by any chance? I worked with IFZA to open my business but now that i'm buying a property I want to look into getting a golden visa.
Once again a few assholes are ruining things for everybody, don’t change the rules, arrest those committing fraud and make them pay dearly for it
So price increase over a few con artists. I think there should be tighter rules where no one can sell their property no less than 5 years.
Is dubai bank system the best for ultra millionaires ?
No they shouldn’t apply any tax rule because UAE makes positive difference that no tax & people are very happy that no tax! NO TAX SHOULD REMAIN, BUT ABOUT GOLDEN VISA THEY CAN DO THAT PERSON SHOULD KEEP PROPERTY AT LEAST 5 YEARS & NOT SELL THAN YOU CAN KEEP GOLDEN VISA OTHERWISE GOLDEN VISA WILL BE CANCELLED!