The Truth About Dubai’s New 9% Tax

[@nomadcapitalist]

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[@stuartpaul9211]

a friend of mine is living over there. what he saves in tax he pays out in rental accommodation.

[@stuartpaul9211]

@@ErnaSolbergXXX yes, they get you by paying over the odds for luxury

[@vmoses1979]

80% of the population is South Asian - I doubt they're paying all that much in rent. Westerners want to live in exclusive parts and if you're from London or Melbourne or NYC - I doubt you're paying more in Dubai.

[@markcrisp07]

Not making at least $500,000 per annum...don't bother

[@user-yf5je1dn1q]

Does depend where you choose to live though

[@wengelder9256]

Then he made a poor decision or negotiated a bad contract . In fact companies , assuming he works for a company , pay or subsidize housing .

[@SARWSiddiqui]

Great video, Andrew. I feel both humbled and happy that my comment on your previous video about Dubai would, in part, inspire you to make this one. Wish you and the NC team all the best.

[@QuantumBlu9x]

Up🎉

[@RussianPlus]

UAE is no longer as appealing

[@QuantumBlu9x]

Yes. 🎉

[@LMWORLDWIDE]

Why would anyone go to a country where there religion says they can tax you for not being a Muslim ; read the Quran it’s called Jizya Tax 😂😂😂

[@royalmac1011]

Never was😂😂😂

[@everydayfun9531]

Who in their thick Skull would go to Dubai just cause it has a better tax rate dosent mean that your equal under Emirati law since the locals are mainly supported there rather than the expat themselves unless your good friends with a local there but still ain't worth living there at all!

[@ahmadi3718]

This is in return for defense​@@LMWORLDWIDE

[@OmarBenjumea]

I've found that the best UAE business solution for Americans is to leave the UAE and never look back.

[@snorttroll4379]

How so

[@wengelder9256]

@@snorttroll4379and go live in Detroit or Baltimore or some other shithole

[@AMA_RILDO]

I’m from Italy, and the tax rate goes from 22% up to 70%. Definitely not tax friendly

[@gold9994]

The corporate taxes, not your personal income taxes. There are many sources and deductions that can be made (under 1 percent is playing it unsafe, I would say around 5% is possible).

[@cieloz7574]

An actually useful YT channel for UAE businessmen. Thanks man

[@ezeewerk8908]

I dunno if I agree with your logic. In Malta you need to actually live on the island to get that rate or you would need someone on the board of directors on the island. Confirmed this with Maltese advisors last week. Ireland has good Corporate tax rates but terrible capital gains, income tax etc. Again being Non Dom you'll need someone on your board of directors probably in Ireland. Cyprus maybe the better option I would think you need someone based there too. I can't see EU countries being that flexible as Dubai. It all comes down to your permanent residence and where that's established.

[@davelawson2564]

not an issue to keep a director in the country if its worth it .

[@SamMloome]

UAE just got out of FATF grey list and now Saudi under MBS is awakening a sleeping giant and in 2021 MBS in an interview said KSA will remain tax free. Maybe UAE will lower the 9% once they receive feedback after 1-2 years of the new tax rate, Saudi will start snatching their potential customers and now that UAE is out of FATF

[@harism2001]

Moving to Saudi has already started.

[@MohamadSimo]

Living in Saudi Arabia is great, but you can't feel safe 100% specially after what happen to many of billionaires in Ritz-Carlton case.

[@2967575]

Tax in saudi is much higher than the uae and it won’t drop it’s to fool the audience by saying he’s going to lower it down

[@MuscularMan008]

Saudi tax you too more than uae along with their 20% compulsory tax.

[@tonymurphy9112]

I have lived in the UAE for the past 20 years. Considering the amazing infrastructure, public transportation and five lane highways that our delivery trucks drive on, I think it's only fair that we start paying taxes. I say it's long overdue and we can't expect any government to just keep on building an awesome country without paying taxes. Well done to the UAE👏

[@darkvalue505]

Traffic is overflowing now in Dubai, along with Sharjah and Ajman. Ras Al Khaimah and Fujairah are boring but livable and cheap.

[@IwillEndureToTheEnd]

I heard Dubai is getting more and more polluted. I want clean air.

[@darkvalue505]

@@IwillEndureToTheEndGo to Ras Al Khaimah or Fujairah. More space. Time is slower.

[@fauxhound5061]

Hey Tony, what sort of deliveries do you guys do? I also work on logistics but in Saudi Arabia

[@4xfun563]

Agreed!

[@sebapi]

You won’t get the passport unless you are Kevin o Leary, rotfl.

[@samtheman9002]

I think Dubai is great place to start out on your journey to economic freedom. If you're looking to just get some real estate, start a business, you're making hundreds of thousands of dollars, it's great for that sort of thing. Once you've got millions then yeah you can move but you also have more options to move to because for a lot of countries it's just a matter of price to get a bank account or residency.

[@TNnxnek]

I’m visiting Dubai - “the city of the future” - now, and it’s an . . . interesting future. My assessment so far is that the city has 40%+- of the Las Vegas “tackiness”, but with only 15%+- of the “sliminess”. One of my biggest observations is the clearly bimodal quality of life - you have the $800 per dinner “movers & shakers” crowd, and the $800 per month income group. While $800 is usually 3-5x what they could make in their home country, the juxtaposition is interesting to note. If the future is spending all day in [very nice] shopping malls, I’ll be enjoying the city for the value it offers, but looking to get more greenery in my life elsewhere.

[@rrrick83]

Their expenses are more than 3-5x than their home country too

[@Glashutte1900]

Well said .. Dubai is all FAKE from Start to End

[@jamalgreen3056]

@@rrrick83that is what happened when a place becomes over developed and nothing is left like it was originally built from hundreds of years ago.

[@wengelder9256]

@@rrrick83 why do u think these people go to the Middle East ? Because the net result in terms of saving is higher there than in their home country … in their home countries expenses are typically very low .

[@mohababdelkader303]

First time to hear the word Juxtaposition, thank you for teaching me something new.

[@MetalGearMk3]

Dubai is so hot, you can't even go outside most of the time.

[@elinandersson6946]

Never been to dubai? Lol

[@hasinabegum1038]

Singapore is hotter

[@benchoflemons398]

@@hasinabegum1038yeah, I can’t stand it.

[@bharath2508]

😅 Temperature is above 40 degrees for just 2 months. Other 10 months its pleasant. People usually step out during 6pm to purchase during summers. Two months of summer isnt too much. Dubai sharjah abu dhabi and ajman has similar temperature to Singapore,bali,Kuala Lumpur and perth. Dubai has pleasant climate for 10 months.

[@bharath2508]

@@Ashley-nk3we Yeah, It is pleasant like Singapore or Bali for approx 10 months. I have been to 4 emirates and I can say the temperature thing is blown out of proportion.

[@abeeiland2996]

I love your truthfulness.

[@hossamgebeily]

Come to Nova Scotia, Canada. 15% tax. Terrible government services.

[@Romeolmoore55]

I am going to look elsewhere. Thank you for the information.

[@samdxb911]

You forgot something to add if you make 500k for example you can take 100k tax free income , 100k no taxes and only 9% on 300k so if your business makes 500k profit you only pay 27k , no capital gain , no crypto taxes , no heritance taxes , no rental income taxes .

[@user-yf5je1dn1q]

How does this work ? Is 100k a set limit ?

[@andreaus8889]

Thats in UAE Dirhams, not USD

[@delfimalvaro]

@@andreaus8889 incorrect. It's 375,000 UAE, meaning the first 100k USD are tax-free.

[@ynstsb]

Its 375k uae Dh so 100k dollars. And yes its a set limit so the first 100k are not taxed. All above yes

[@sutterpark]

I just don't Understand a Word you say about Dubail beside HATE! Its BEAUTFULL Country and their rules That I can understand better than the USA however, it's out of my reach could afford living there! I don't have Billions or Zillions of dollars and the Heat I pass! Why are you flirting batting your eyes that I don't get it?

[@tryolegend]

Most citizenship are overhyped

[@user-fw5fd3pq6m]

says the american patriot who would "never leave his country" despite it becoming a shithole and them deep down inside wanting to be anywhete BUT the states😂😂

[@AbAbib]

I WILL NEVER GO TO THAT DESERT HOT HELL PLACE 🏜 .

[@ob4485]

Lol like Dubai is waiting for you 😂😂

[@ivoyatjes1]

Ignorance is bliss and all that......😅😅

[@Hanya_Shuten]

Wow I knew this would happen...if the outcome is me not being able to become a citizen then there's no reason for me being there🤷🏾‍♂️

[@AMGGamer5544]

Im half Qatari, half Emirati … I agree with you nothing wrong with Dubai but if they don’t offer lower taxes and good programs why wasting my time there. I agree, I never see what you are recommending is bad against UAE at all. All what you saying is reasonable and thoughtful. 🤝 thanks for helping other nations how to choose wisely.

[@D.N.A.23]

9% tax i pay with a smile i pay 36% now and other tax over tax😢

[@joeschleprock3409]

would you want to live in a very hot place full of musslums?

[@D.N.A.23]

@@R0ll3Napper depends country

[@VirginArtsCreatives-js4pd]

The 9% is just the beginning. The Dubai seemed to forget that it's in the dessert. Tax free lifestyle.

[@Stan_CT]

Thanks for this update and list of options.

[@NigelDeForrest-Pearce-cv6ek]

Consistently Fascinating!!!!

[@MindfuelSuccessDaily]

i bought something and then they changed the rules after my purchase so I never do business with them again... adios

[@Mr1123581325]

Have you guys considered how you can use transfer pricing to minimize your taxes? general anti-avoidance rules apply - but it may be a better work around then paying yourself a huge salary. Granted, it would be a bit more complicated set up. Also - you may be able to recover VAT if you plan your expenditure.

[@longhorn789000]

Could you expand on that a little....about transfer pricing, I mean. Thanks.

[@Pfsif]

Venus Fly Trap anyone?

[@PaperHandTrader]

Dubai is over rated, hot and polluted.

[@roger55es]

Ireland the best bet , reason lots of Companies like Google Amazon Facebook are there 12,5%

[@reggie69.]

It's raised to 15%, I think, from 2025 tax year, and its divived withholding tax is 25% so it's really 35% if you are living off that company and the income tax goes up to 50% anyway but you can reduces slightly because of the tax brackets so you pay yourself a salary up to the point where it's equal with the dividend withholding Truthfully all the Tech companies that were there weren't even paying 12.5, which was really closer to 5% because of a tax loophole To be honest the best option is probably just pay yourself a salary and not living Ireland truthfully Eastern European countries And Malta probably way better

[@gavnonadoroge3092]

the issue with dubai is that any country can change its tax laws at anytime

[@calvinmcdowell8328]

You hit on Foreign Income Exemption for US citizens I looked it up and I m impressed So if I moved overseas after retirement use your strategy of living four months in three different countries get a job making $11k a month in each country I could pay zero US taxes and zero taxes on that income because I’m not a tax resident. Did I get that right? Also I saw a foreign housing exclusion where I can deduct housing from $96 to $300 a day (Hong Kong ) on top of that. So if I got this right I could live tax free overseas and not be a millionaire?

[@tangomoon111]

The problem with all this is the countries can change the rules on a whim. There are really no rules about changing rules. Trust becomes an issue. Do you trust these countries to remain stable to Americans with your money?

[@laralara5193]

Thank you Andrew ! Please Would you mind if we asked that you compare the cost of energy in all these locations too ?

[@strangersadvice]

Beter pay 10 percent in Bulgaria and you dont even have to be there

[@PuppeteerNG]

Really? How so?

[@whocareswhoiam2day]

0% in HK

[@liquid_metal]

5% in Malta, though does involve a more complex company structure.

[@RajshreyashAdhav]

​@@liquid_metalSeriously?? How?

[@liquid_metal]

@@RajshreyashAdhav yes seriously. My company is based in Malta. I've never visited the country either. Getting business banking is a challenge, but there's various Dutch, Singapore or HK based online only banks (or payment receiving accounts) who will happily open an account for a Maltese ltd. The 5% requires an offshore holding company, usually based in the UK or Gibraltar. Set up fees in yr 1 expect to pay €4-5k. In year two, you'll have to pay for a mandatory audit (€1k) plus government and registered office fees (€1-1.5k). Annual accountant fees expect to pay €1-2k. So add all the above to your calculations.

[@MindfuelSuccessDaily]

Do they even have REAL Organic food?? or just pesticide and packaged food

[@qwertyasf]

There are organic options but very expensive 😢

[@MindfuelSuccessDaily]

Hi @@qwertyasf ,oh cool- what stores have real organic food. Yeah usually organic food is alittle expensive but when more people buy organic the prices go down.

[@venkatagiribn2217]

Dubai is now an official country of the WEF. Soon they will have nothing and be happy. Singapore already is. Their President Shanmugharatnam is a founder member of the WEF. Tax free first, taxes next , then money free.

[@TEXLIFE]

Aren't the foreign companies of USA citizens treated as FDE(foreign disregard entity). So basically the income of the company is considered the income of the individual

[@HunkyMan777]

Dubai is no longer attractive for businesses

[@starfish7558]

Wow! UAE has left quite fear in you. Perhaps you won't be let in next time!😮

[@HajnalRadoOfficial]

9% in Dubai is Nothing!! Take a look how much is it in Europe!!?

[@kunalzshah]

So people go to Dubai to avoid paying 40% tax in their home country, and they are upset with UAE charging 9% AFTER deducting aed 375k and after deducting expenses?

[@satoshinakamoto3083]

Dubai is not a friendly country at all. Just watch out

[@DanHenry]

Have you been here? I haven’t had a single person be unkind to me since I got here.

[@wld-ph]

The Chancellor Jeremy Hunt removed NonDom status apparently in the budget; will Republic of Ireland follow?

[@abu_muhammad]

UAE bubble is about to pop?

[@PaperHandTrader]

Qayamat

[@joshuamaka876]

They overrated themselves and forgot what actually takes people there; 0% taxes.

[@abu_muhammad]

@@joshuamaka876 I'm defo not buying any real estate in Dubai anytime soon 🤣

[@everydayfun9531]

Definitely the more rich that leave Dubai the more its gonna suffer trying to find new investors investing into the country or else how will the locals claim their benefits lmaoo 😂.

[@joshuamaka876]

@@everydayfun9531 Absolutely. This rate basically means the ultra wealthy have been given an evection notice. It is not worth for a multi millionaire to iincur the extra cost and risk of inventing imaginary deductions just move to the Cayman Island.

[@frankiecal3186]

Dubai is an oven.

[@Technoanima]

Thanks for the update, I hate that I have to blacklist Dubai.

[@sohelblue7160]

Best county in the world, its been my home for 20 years , Real estate is the key

[@shaukah9173]

Taking Salary , but what if 2025 has a personal income Tax introduced? How to tackle that then ?

[@tripmad]

9 years in the UAE-Love it❤ Best place for my family.

[@DiyBug-ib8vd]

What about if I do not have a company, I have income do I pay tax? Thanks

[@M.-.D]

Great update.

[@lulabloom4636]

solid advice with multi-perspective viewpoints offered...much appreciated, thank you

[@therealashleycrouch]

What about Isle of Man? St Kitts?

[@al018078]

Let me get this straight. Dubai is tax- free for freelancers? And not tax free for foreign capital gains (investing in dividend foreign stocks and gettimg paid) and ownes abroad real estate gains?

[@jamalgreen3056]

I’m noticing that more countries are taxing companies because even if you aren’t living in the u.a.e but your business is still present in the u.a.e.The real question is what do the citizens of United Arab Emirates 🇦🇪 are paying in tax for there business being in the u.a.e.I think this is important to note because it probably plays a part in the new tax being applied on foreigners having there business in the u.a.e.

[@ruststar]

Wrong, the tax is only for biz that do business in Dubai, if you do business from Dubai but internationally there is no tax. The first 450,000 profit are not taxed, payroll will never be taxed so increase you salary and pay no tax.

[@Donnie_Khan]

So is Texas and Arizona! What's the problem, it's only 4 months out of the year. 🎉🎉

[@jeebusk]

there's still fed tax, capital gains, etc. property tax in Texas is higher.

[@rajakumarsambandan2283]

Sir could you mail your office address I would like to meet ..regards S.Rajakumar.

[@shadowstunter3687]

The only good reason to start s budiness in dubai is that yojr an expact and are aboe to grant mortgage with 20% down payments

[@Pajtim2023]

Lets move barbados 0 tax income 0 coporate tax

[@markcrisp07]

Property? Crime?

[@TheBrianp1]

It aly, Gr eece? What are these strange lands I have never heard of before. Must be fictional like New Zealand.

[@kubilaykaan3645]

You should inspect Oman and Qatar mayb too.

[@Pajtim2023]

Saudi is same like qatar

[@TroofNews]

Safety is the #1 reason people choose UAE.

[@ovs4744]

Weird to go there for safety when you can get locked up and your company shut down without any trial just by getting accused 🤣🤣

[@TroofNews]

@JG-MV False. I know many of the above people who are completely safe. No system is perfect.

[@MrAmbrosse]

Safety lol. Wait until you piss off one of the locals.

[@burnout486]

There are more countries that are just as safe if not more!

[@shogunero3.6]

@@orionspur gays deserve to go to prison. Thats a country that knows how to treat people right. More reason to move there.

[@kushalmehta01]

Do we have to pay tax in UAE on trading equities ? Personal fund 😊

[@janicep11]

What is considered excessive salary?

[@Archer-hg9rw]

How is 9% not much? Most businesses have a lower margin.

[@gold9994]

Because tax is on net income (EBT), not the gross/revenue.

[@Archer-hg9rw]

@@gold9994 it’s still a lot!

[@meetimian3383]

​@@gold9994but what if someone isn't making any profits or is in loss??

[@bu7maid999]

Dubai and the UAE in general will remain competitive compared to other offshore FFZs. Make the math your self.

[@alphacic9806]

Why US dividends are worse in the UAE

[@stevebez9556]

The UK are you joking??? Most unfriendly tax environment out there.

[@nomadcapitalist]

Not the recently ended non-dom program.

[@samchau4090]

Any tax in Grenada?

[@nomadcapitalist]

You can read our blog about Grenada here: nomadcapitalist.com/expat/moving-to-grenada/

[@gurusastropalmistry2214]

If ur comp makes profit above 375k dhs or 100k usd then corp tax applies. Any profit above 100k is taxed at 9%.

[@nilesandsam]

Canadian citizen with canadian corp can't for the life of me figure out how to avoid canadian tax as it seems no matter where we go anything earned in canada is taxed there no matter where you go.

[@SarthakJoshi-d9v]

hello sir is it possible to buy property in Dubai from cryptocurrency

[@synewparadigm]

In el Salvador And Argentina.

[@reubenfevrier2349]

The 9% rate is part of the Pillar 2 regime - it will likely have increase to 15% under those international tax rules. Every offshore financial centre will have to have a minimum tax rate of 15%.

[@rejophilipjose7763]

It's place worth visiting once in a while for vacation but not worth staying. Just fucking concrete jungle everywhere

[@sohelblue7160]

Buy real estate mate ❤

[@dxbdean]

Why don’t you just simplify your comments and say a company is a separate legal person. It is a separate legal entity. Why that is so hard for people to understand is beyond me. It’s not rocket science.

[@CatamaranChannel]

That millionaire is pretty spoiled. He should try france for a couple of years. He will be much happier after returning to the UAE. But i understand, its hard to pay anything, if your used to paying nothing. Sidenote, living in the UAE gives you allot more then a low tax.

[@Technoanima]

France!? LMAO.

[@whocareswhoiam2day]

After a year in Barcelona, Dubai it's like another star, clean, no homeless, no crime, no risk with a tax free regime.

[@BobSmith-br7hk]

Yea, it gives you lung cancer.

[@Murmilone]

A lot of sand and hell-like weather 365 days per year?

[@Jof365]

France lol they can tax your pet and your car

[@mik3ymomo]

Just raise your prices by 12%. Make a nice little profit off the tax. Always pass on taxes the govt tries to implement on you as a business.

[@ernestomytv]

What is Rate is California Business Taxe$??????

[@jeebusk]

in Cali (US) you need to count Fed, State, County (usually property) and sometimes city taxes.

[@khaledfahim5132]

If received dividend from stocks i own in US (I'm not American). Are dividend tax deductible in UAE?

[@dirxen]

9% tax is fine, but not when mixed with high yearly fees on everything business related, visas, business licenses etc. Either do tax or keep it as it was

[@bencythomas5018]

The only truth is the sheikh doesn't need to pay tax for his companies & income.... others pay for it .....

[@h.a.1516]

Still better than the Netherlands Under 75k a year it’s 37% tax Above 75k a whopping 49,50% tax rate. This doesn’t account for multinationals, Netherlands offers loopholes that they pay 0% tax 😅

[@markuswunsch]

Well paying taxes is totally fine if you get a good return on them in the form of public infrastructure and social stability, safety and freedom or a good lifestyle and solid business environment... It's why I don't mind paying the lumpsum-tax in Switzerland on a personal level and a fair share of corporate taxes in line with my overall, international setup

[@adamlee2550]

Whereas my english town gets less and less safe, but my taxes are going up. It's definitely not all the migrants with a different religion and culture. It couldn't possibly be that.

[@VirtousStoic]

❤

[@bil_G74]

This is not a Dubai tax. It is the UAE government who decided about this tax. Not the government of Dubai !!! Get your statement right to start with.

[@darrinito]

That's kind of a pedantic technicality really, when it comes to the practicality of it, because everyone goes there to be in Dubai. Sure, you can be in sharjah or whatever but to everyone the UAE and Dubai and synonymous.

[@ska5568]

*Come to Singapore. Our Taxes may not be as low, but we have great infrastructure, Very efficient government, extremely low corruption, great variety of food and from Singapore you can travel to great vacation locations in South East Asia without burning a hole in your pocket. We are safe, multicultural and a meritocracy. You can find your hometown food and even folks from your home country. Our currency is pretty solid and our region is comparably peaceful.* 🎉🎉🎉

[@jibrriel]

dubai is better

[@soumyakanti17]

Is this just Dubai or the entire UAE?

[@demonix321]

This is why Ireland is better

[@harpreetnayyar8645]

Sold. I love this guy.

[@Emrico35]

Is there tax on real estate gains too?

[@skrupulonac9144]

It think you need to understand that clients who they are referring to are not who earn like 100k to 900k a year . They are targeting over million plus . So this strategies are more applied to those clients and above . You are still good at those places if you are left with lower incomes , below million . So relax . But generally is it good to know that running uae company remotely is hard . So guys better go to Singapore . Everything can be done remotely , you have tax incentives especially for new companies . So start from there and build your wealth .

[@shogunero3.6]

Lot of brokies in the comments.

[@user-fw5fd3pq6m]

hahaha, the best they can do is make excuses for them being to broke to leave the west

[@Abdullah97484]

Wait, who hasn’t heard of Italy or Greece?

[@nomadcapitalist]

For low taxes.

[@iamkamsai]

billionaire complaining about 9% tax rate 😂

[@darrinito]

You don't become a billionaire by not worrying about 9% here and there. It's a big deal.

[@DallasRabot]

Pay your taxes.