Is 2 Days Per Year Enough to Pay Less Taxes in Dubai?
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In this video we talk about the 2 day per year (1 day every 6 months) rule that Dubai has for residence visa holders and is it enough to be a tax resident and pay less taxes. Many people in the Dubai setup industry will try to sell you on the idea that you only need to spend 2 days per year in Dubai to pay zero tax, and that you shouldn’t worry about your home country’s taxes. That’s a recipe for trouble with your tax authority.
We need to look carefully at your origin country’s tax rules for tax residency and moving to another country, then we can analyze how much time you need to spend in Dubai, or any other place you choose for lowering taxes. We’ve helped over 250+ set up their business and taxes in Dubai and we know the rules in and out that will help you make the right decision.
Who is the Wealthy Expat?
The Wealthy Expat is run by Rafael Cintron, it’s a Youtube channel and vision dedicated to helping you lower your taxes, get a second citizenship, and travel the World to increase your freedoms and happiness. Rafael Cintron is a 7-figure entrepreneur who’s traveled to more than 60 countries, gotten multiple residence permits all over the World, and a second citizenship by investment. He is committed and passionate about teaching you these topics.
If you want to learn more about Rafael and his strategies book a free call with him here:
In this video we talk about:
tax friendly countries, citizenship by investment, avoid taxes, pay zero taxes, dubai taxes, dubai residency visa, dubai tax residency, dubai tax, uae tax residency, uae taxes, move to dubai, dubai banks, dubai banking, taxes in dubai, save taxes, crypto taxes, cryptocurrency taxes, us taxes, canada taxes, australia taxes, uk taxes.
Other related people in this topic:
Nomad capitalist, robert kiyosaki, offshore citizen
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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Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated.
Does anybody know whether it is possible to avoid buying health insurance with the retirement visa?
Thank you for great informative videos as always.. Can you please make a video on How to apply for Dubai Freelancer License and what are the T&C!
Hi 👋 Can you talk about using saint kitts and nevis ID +Passport to use the apps that allowed in us 🇺🇸 (crypto wallets /Payments getaway…)
I feel <those who would allow the market dynamism to determine when to trade or not are either new in space in general or probably just naïve, the sphere have seen far worse times than this, enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I'd say that more emphasis should be put into trading since it is way profitable than hodling. Trading went smooth for me as I was able to raise over 11.4 BTC when I started at 1.5 BTC in just a few weeks implementing trades with signals and insights from Connor Jordan, I would advise y'all to trade your asset rather than hodl for a future you aren't sure about or hold it and risk losing all….
Great video, thank you!
I'm not even Canadian, but I'll need to fact check everything he says now after he said Canada is turning dictatorship. Canada is pretty way up in the Democratic rank. Whereas, UAE is ranked 153 of 176. Too many people think having a lot of social programs to benefit the mass is dictatorship, and letting rich people off the tax is freedom. Now, I'm watching this channel to save on taxes too, but you shouldn't say such blatant misinformation. Please don't mix in your opinions and stick to the facts. Thanks.
Thanks, do you think you can live 3 months in germany, 3 months in spain, 3 months in the netherlands and then 3 months in dubai? So you would live 9 months in the eu
Bouncing around as a permanent traveler sounds great if you don't have school age children. Have you ever thought through how a family with kids could do the same and not disrupts the kids formal education? Would love to here comments from those who have actually done this. It would be great fun 😀 for a family 👪
lnvesting in crypto now shouId be in every wise individuaIs Iist, in some months time you'II be ecstatic with the decision you made today.
African Islands are actually physically a part of the African continent. Not " near" Africa. African island includes Canary, Madiera,Azores, Sicily, Malta Mayotte, Reunion Socotra, Cypress ect Those places are colonized
Great video bro, hope you’ve got a video on South Africa coming up soon 😂🙏
If your home country see you as a tax resident, then the 90 days spend in Dubai is useless, even if you have a home in UAE. They will say, “OK, show me the tax residency certificate from Dubai”. What i mean, if two countries see you as their tax resident, they will apply the tie-breaker rule in order to decide in which country are you a tax resident. But the “tie-breaker rules apply only if you provide a tax certificate from UAE.
Cheers!
great info videos!, location independent is key !
PROBLEM WITH DUBAI IS THAT THEY TELL 0%TAX, BUT THEY COLLECT TAXES INDERECTLY THROUGH BUSNIESS LICENSES AND RENEWALS. ALL lICENSES ARE EXPENSIVE. IF YOU ARE COMING FROM INDIA, YOU WILL BE ONLY PAYING SAME LICENCE AMOUNT AS YEARLY TAX IN INDIA.
THERE ARE HIDDEN CHARGES WHILE BUYING APARTMENTS AND VILLA 5% -MUNICIAL CHARGES -5% OF THE PROPERTY.(IN INDIA REGIRATION CHARGES IS 5%. UAE COLLECT THIS IN FORM OF FEES)
OPENING BUSINESS LICENSE STARTS FROM 5000AED, BUSINESS BANK ACCOUNT MINIMUM BAL 20000AED WHICH YOU CANT WITHDRAW .
DRIVING LICENSE STARTS FROM 2500AED
APARTMENTS,VILLA,CARS ARE CHEAPER THAN IN COUNTRIES LIKE US, CANADA,AUSTRAILIA.
LIVING COST IS EXPENSIVE
WILL SUGGEST ONLY THE PEOPLE TO COME AND SETTLE IN UAE WITH 10 MILLION AED INCOME/YEAR.
Where in africa u at. Place looks like paradise
if you surpass the 183 day rule are you taxed on the income over that 6 month period or do you only start paying taxes of that country after 183 days? (scenario i make 250k in 180 days in Australia but leave on the last day of the 7 month I made 50k in that last month do i pay taxes on the total of 300k or just the 50k?)
Thank you for making such informative videos.
Can you tell me what is the tax for a boat in Dubai if I live there
Nothing says you can't winter in Dubai, summer in Montenegro, or Italy, or Spain, or France, or Portugal, or Albania, and vacation in Mauritius, Seychelles, the Maldives, Malaysia, Thailand, the Philippines, Singapore, or Indonesia.
With a St Kittsian or Nevisian citizenship if you prefer, the only country other than the UAE where you have a residence permit that you would need to obtain a visa in advance to travel to in the above outlined scenarios is Thailand and they do not make it particularly hard to obtain a visa for tourism.
And St Kitts with there zero percent tax rate is unlikely to claim you owe them any tax rate or request a proof of tax residency from you.
In that case, spending 183 days in the UAE is unlikely to make much difference to any tax authority if St Kitts is your only citizenship.
If you have a permanent abode in any of those other countries it becomes more of an issue, but if you stay in long term AirBNBs in each, no one will ever bat an eye about the UAE being your domicile even if you only spend 2 or 3 months a year living there.
Definitely leaving #Chinada for Dubai after the next bull run. I'll give you a call then ;o)
Also thank you for your honest videos
Great vid and gorgeous background. Are you in the Seychelles?
Pixilating video plz fix thx
I love the grounded reality of this channel.. TA is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market.I have made over 10.8btc 4rm day tradng with Nathan Hart, insights and signals in less than 4weeks, this is one of the best medium to backup your assets incase it goes bearish.