Six Benefits of Incorporating in Dubai

Our article on UAE Residence by Investment: the Ultimate Guide:

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".

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.

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.

[BlazeGuitarLessons]

One thing I've heard about Dubai is how incredibly safe it is even late at night.

[dragasan]

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.

[finance-fix]

Just posted about doing this in 14 days - from set up to opening the business bank account!

[bayan]

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

[VinayMishra]

If you're an Indian citizen and you take a residence permit in UAE by opening up your business there, it is required that you stay in India only for 120 days in a year. Then you won't be taxed in India for your income accrued outside India (UAE). But if you exceed 120 days stay in India, your tax benefit is gone and you'll have to declare and pay tax in India for your income accrued outside India (UAE).

[chuckstrickland]

🤘😎👍I've been to Dubai several times on my way to Afghanistan, which is a long 18-hour flight! It's a beautiful place, but the summers are brutally hot!

[starwarz]

Can you talk about the corporate taxes pros and cons between Dubai and Singapore for Canadian?

[johnsharp]

In my opinion, UAE is fantastic for residence if you work here or have personal wealth. It is a tad over complex for company incorporation. It is improving rapidly, though I am still not a fan of buying property here, compared to say Turkey, Northern Cyprus or Portugal.

[jeffcahill]

Very informative and helpful, thanks Andrew. To be honest, Dubai was not on my radar before this video.

[ladyashephd]

One should consider placing assets and Company under a TRUST.

[jckingofhockey]

Moved our business to Dubai this year. If you do the same thing you'll probably want to end it all after a few weeks. Why? The paperwork and intricate details of starting/moving your business to Dubai are extremely confusing and annoying. You cannot just buy an LLC like we do in the west. It was worth it as we pay zero tax now and the place is awesome, but still, good luck on setting up your business in there. Thankfully we found a business setup consulting company to handle everything for us, otherwise the process would take months I think.

[ntxhiavxyooj]

Maybe it's best to travel to these places that Andrew mentions and stay there for 90 to 120 days as Visa passport allow to get the feel of these places, people and cultures. Traveling as a tourist than living there which will give you a choice of deciding whether it's a place to stay or do business or both. Now a day people from all over the globe wants to move to other places. I live here in the US became a citizen but now I'm also thinking of moving overseas. I had a friend that's moving to live in Dakar Senegal.

[ladyashephd]

Consideration to maybe 3 months out of the years, 6 Months in Switzerland, Montreau and the rest between Antwerp, Belgium and Texas.

[___________]

Dubai is actually awesome and is an emerging market

[fumble_brewski]

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.

[LaisseFaire]

Andrew, thoughts on the recent European pressures towards the Caribbean CIP passports?

[jamieopulence]

UAE is interesting - very progressive - making all the right noises

[Rebecca-qgpb]

What about sole proprietors in the uk
How can i use dubai to avoid taxes 😢

[elissharelegance]

Thank you. Dubai is one of the country’s on my radar!

[Diablotux]

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?