NEW 9% Tax… Is Dubai DEAD?

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UAE salary guidelines: https://www.thenationalnews.com/business/money/2023/01/26/uae-salary-guide-2023-how-much-should-you-be-earning/

Summary of this video:

Wealthy Expat discusses the implementation of a 9% corporate tax in Dubai and its potential impact on the city. He disagrees with the decision and believes it will affect all companies, including mainland companies and free zones. However, he does not think that people will leave Dubai solely because of this tax, except for a small percentage who preferred the previous 0% tax rate. He mentions that other jurisdictions with lower tax rates are not as developed or livable as Dubai.

Wealthy Expat advises individuals to consider deductions and legal strategies to minimize the impact of the tax. He also discusses how Dubai can be used as a way to avoid taxes in other high-tax countries, such as Spain or the UK. For US citizens, Dubai's 9% tax rate can be advantageous compared to the GILTI tax they would have to pay in the US. Wealthy Expat concludes by offering assistance to those interested in moving to Dubai and obtaining residency.

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.

Видео NEW 9% Tax… Is Dubai DEAD? канала Wealthy Expat