The UAE is a primary destination for businesses to set up their regional base and serve the growing markets in South Asia, Africa, and the Middle East.
We have vast experience in providing services for successful entrepreneurs who wants to move to Dubai and incorporate their business there.
Reminder: The United Arab Emirates (UAE) has announced plans to impose a new 9% federal corporation tax from 1 June 2023.
That news can’t change a lot because in this video Andrews shares six benefits of incorporating in Dubai and explains why new tax may not be a deal-breaker.
00:00 Start
01:01 UAE Free Zone
01:51 Tax-Free for You and the Company
02:41 Simple Process
04:19 You Get a Residence Permit
05:54 You Can Open Personal and Business Banks
11:58 You Don’t Have to Live in Dubai
07:59 You Can Hire People from Everywhere
09:53 The Pros of Moving to Dubai
Andrew Henderson and the Nomad Capitalist team are the world’s most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we’ve spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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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.
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You mentioned Labuan, what is the current situation regarding starting a company there, tax and residency?
Can you talk about the corporate taxes pros and cons between Dubai and Singapore for Canadian?
If your emirati company does business both inside and outside the country is it liable to the 9% tax?
UAE Government will always give priority to its nationals over temporary residents. Covid vaccinations were distributed in this order. It will never change. Hence the Govt has no policy about naturalization.
In addition uae is giving golden visas for expats which is an amazing step …u can get 5 or 10 years golden visa to live if you are investor etc
Thank you. Dubai is one of the country’s on my radar!
Don't do it, if you screw up in business or in life you go to prison and be deported afterwards. It's not the safe haven you all believe it is.
One thing I've heard about Dubai is how incredibly safe it is even late at night.
To me, the idea of being okay with paying at least a little something is great as long as the money is efficiently paying for services or products needed to at least maintain the status quo of the nation. One of the reasons why I left the US is because I felt as though I was constantly being ripped off.
Dubai is actually awesome and is an emerging market
This is one the best video I have watched today, a wonderful channel . SUBBED and liked ! a fellow creator $$$
Thanks Andrew as usual! I just didn't understand one thing. Shouldn't I be spending at least 182 days in Dubai to be considered fiscally residence there? Meaning I can't just pop up two days a year and state that I pay my taxes in UAE right? Otherwise everyone would say live in Thailand and be a couple of days a year in Dubai: is that a possibility?
only 2 problems 1-full of Indians ,,even hotels and supermarkets mostly Indian style and smell , 2- very hot weather from April to October ,I mean very hot ,,but amazing weather in winter
I would never do business in a country that supports modern day slavery and racisms
A big mall in the dessert……
Andrew, thoughts on the recent European pressures towards the Caribbean CIP passports?
Very informative and helpful, thanks Andrew. To be honest, Dubai was not on my radar before this video.
Please read this, ironically I started a company Nomads bnb, an LLC, during the pandemic I had liquidity issues, no assitance or delays, I had to break some contracts, I was personally held liable for all the company liabilities, I EVEN WENT TO JAIL FOR 12 days, and I am still paying those debts, I am banned from leaving the country and I am still being chased…
LLC laws do not protect you, they are a joke, there is no such thing as limited liability in UAE, they pierce the corporate veil, the laws and what really happens are not the same
Be very careful!!!
That's awful. All these millennials wanna go there. And they want to do things muslims do not like. In those countries you dont know if there can rise an uprising or take over. Or the rules can have you beheaded like other countries in the area. They all have been taken over by one. And they all followed the non western rules. Be careful moving there… they all have gone by same rules at one point. If you catch my drift. They would choices theirs before you. And their ways.
I’m just a young struggling entrepreneur but not a 5 or 8 figure entrepreneur yet, my optimistic mindset made me subscribe to your channel.
Dubai is a city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai. According to the most recent study conducted by Freedom House, the UAE has a rating of 17/100 (100 being the best), and as such is rated "NOT FREE." One may be able to incorporate there for certain tax reasons, but no one in their right mind would ever want to live there. You'd be better off living in Turkey or Jordan than living in Dubai.