Why I’m Leaving New Zealand For Dubai
Summary
TLDRThe speaker discusses their decision to leave New Zealand for Dubai, citing a need for adventure and better networking opportunities in their industry. They highlight the distance from family, harsh lockdowns, and lack of regulatory clarity on cryptocurrencies as reasons for leaving. Dubai's appeal includes no income or capital gains tax on crypto, a family-friendly environment, better healthcare, and schools, and the potential for their children to learn Russian. Despite acknowledging Dubai's flaws like extreme heat and air quality, they view the move as a family adventure.
Takeaways
- 🌍 The family is leaving New Zealand for Dubai, United Arab Emirates due to a desire for adventure and a change of scenery.
- 🏙️ Distance from family is a significant factor, with relatives in America and Russia, making visits challenging from New Zealand.
- 🧳 The individual has a history of traveling and living in various countries, seeking new experiences and opportunities.
- 💼 The lack of industry opportunities and regulatory clarity around cryptocurrency in New Zealand is a concern for the individual's career.
- 🏖️ New Zealand's strict lockdowns and travel restrictions during the pandemic made the individual feel 'trapped', influencing the decision to move.
- 💰 Dubai offers a tax-free environment for cryptocurrency, which is attractive for financial growth.
- 👨👩👧👦 Dubai is considered family-friendly, with many parks and facilities that cater to families, which is a plus for the family.
- ✈️ The move to Dubai significantly reduces travel time to visit family in America and Russia.
- 🏥 Dubai is perceived to have better healthcare and schooling options compared to current options in New Zealand.
- 🌡️ Dubai's hot climate and potential air quality issues are acknowledged as downsides to living there.
- 🌐 The individual is open to the idea of returning to New Zealand in the future after gaining international living experience.
Q & A
Why are the speakers leaving New Zealand?
-The speakers are leaving New Zealand for a combination of reasons including a need for adventure, being far from family, and a lack of opportunities for their industry.
What is the main reason for choosing Dubai as their new home?
-Dubai was chosen for its status as a global networking hub, regulatory clarity for cryptocurrency assets, and the absence of capital gains and income taxes.
How does the speaker feel about the distance from family in New Zealand?
-The speaker feels it's very far away, making it difficult and time-consuming to visit family, which has been a significant challenge.
What impact does the speaker's industry have on their decision to move?
-The speaker's industry, which is global and online, benefits from face-to-face meetings and conferences, which are difficult to manage from New Zealand due to its remote location.
What is the speaker's view on New Zealand's regulatory clarity regarding cryptocurrency?
-The speaker is not satisfied with the lack of regulatory clarity around cryptocurrency assets in New Zealand, which adds to their decision to move.
How did the lockdowns in New Zealand affect the speaker's decision to move?
-The harsh lockdowns and the inability to travel freely without the risk of not being able to return or having to quarantine significantly influenced the speaker's decision.
What are the speaker's thoughts on the cost of living and taxes in New Zealand?
-The speaker is not a fan of the high taxes in New Zealand, especially considering the public services they perceive they are receiving in return.
How does the speaker view the quality of healthcare in New Zealand?
-The speaker is concerned about the healthcare crisis in New Zealand, citing long wait times in emergency rooms and a lack of medical staff.
What are the speaker's expectations for their children's education in Dubai?
-The speaker expects a significant upgrade in their children's education, with Dubai offering schools that are considered to be of a higher standard.
How does the prospect of living in Dubai align with the speaker's love for travel and adventure?
-Dubai's central location makes it an ideal place for the speaker's love of travel and adventure, offering easier access to various global destinations.
What are some of the potential drawbacks the speaker acknowledges about living in Dubai?
-The speaker acknowledges that Dubai has its drawbacks, such as extremely hot summers, potential air quality issues, and traffic problems.
Outlines
🌍 Leaving New Zealand for Dubai
The speaker discusses their decision to leave New Zealand and move to Dubai, United Arab Emirates. They express a need for adventure and a desire to escape the quiet life in Wellington. The distance from family, both in America and Russia/Ukraine, is highlighted as a significant drawback of living in New Zealand. The speaker also mentions the challenges of their industry in New Zealand, including the difficulty of face-to-face meetings and regulatory uncertainty around cryptocurrencies. They reflect on New Zealand's lockdowns and the feeling of being in a 'green prison,' which has influenced their decision to move.
🏝️ Reasons for Choosing Dubai
The speaker elaborates on why they chose Dubai over other potential destinations. They mention the lack of capital gains tax on crypto and no income tax in Dubai, which is a financial incentive. They also discuss the family-friendly nature of Dubai, which was a pleasant surprise, and the significant reduction in travel time to visit family in America and Russia/Ukraine. The speaker appreciates Dubai's safety, cleanliness, and modernity. They also touch on the quality of schools and healthcare in Dubai compared to New Zealand's current challenges in these areas.
👨👩👧👦 Family Life and Future Plans
The speaker talks about the impact of the move on their family, including the benefits for their children's education and the potential for them to learn Russian in Dubai. They acknowledge that while Dubai has its drawbacks, such as extreme heat and air quality issues, the overall adventure and experience are exciting. The speaker is open to the idea of returning to New Zealand in the future but is eager to explore and live in different cultures for a while.
Mindmap
Keywords
💡Adventure
💡Dubai
💡Financial Freedom
💡Regulatory Clarity
💡Family
💡Taxation
💡Lifestyle
💡Travel
💡Cryptocurrency
💡Quality of Life
💡Healthcare System
Highlights
Leaving New Zealand for Dubai for adventure and a change of pace.
Distance from family in America and Russia is a significant factor.
The desire for more networking and industry opportunities.
Lack of regulatory clarity around cryptocurrency in New Zealand.
The impact of strict lockdowns and travel restrictions in New Zealand.
Potential to return to New Zealand after a few years.
Dubai offers no capital gains tax on crypto and no income tax.
Dubai's central location makes it easier to visit family.
Dubai is surprisingly family-friendly.
Dubai is very safe, clean, and modern.
The quality of schools and healthcare in Dubai.
The potential for children to learn Russian in Dubai.
Challenges of living in Dubai, such as extreme heat and air quality.
The decision-making process for choosing Dubai over other locations.
The importance of lifestyle on financial freedom.
The anticipation of keeping the audience updated on the move to Dubai.
Transcripts
so the time has come we're leaving New
Zealand and we're moving to the United
Arab Emirates to Dubai specifically so
cliche I know well I want to talk with
you about the reasons behind this
decision why we're leaving New Zealand
and why we chose Dubai of many places in
the world where we could be going I know
this is not the normal like hey
bitcoin's going to the Moon kind of
video but I think it's important because
the lifestyle and all that stuff also I
think has a big impact on the total
picture when we start talking about
financial freedom and all this kind of
stuff so the first reason for leaving
New Zealand is to be honest just a bit
of Need for adventure I'm feeling a bit
maybe a bit stagnant I don't know it's
time to go out and do something a little
more exciting than hanging out in
Wellington no shade Wellington we've had
some good times right but it's time to
go for an adventure it's a bit too quiet
here for me and there's also the big
problem for me as an immigrant into New
Zealand you know back when I was 16 with
my mom I'm very very far away from my
family my mom has since left and moved
back to America most of my family lives
in America my wife's family lives in
Russia and in Ukraine so we're very very
far away from anybody anytime that we
want to go and see family it's a 30-hour
plane ride with two airport connections
every single time it's brutal especially
with little kids absolutely Savage it's
been tough it's been tough from that
perspective as well not a lot of people
want to come visit us even hey I'll pay
for your plane tickets ah you know it's
just so far away yeah I know it's far
away I just flown here anyway it it's
challenging it's been challenging right
so there's the need for adventure like
look I'm almost 40 okay we're getting up
there right but I throughout my lifetime
have been a person who's traveled a lot
I've been to probably 40 countries or
something like that already I love
traveling I love adventure and I've
lived in multiple other countries I've
lived in Hawaii I've lived in Ukraine
I've lived in Russia I've traveled
extensively I mean spend a Thailand a
dozen damn times I love traveling I love
Adventure I love doing exciting things
and again my life here in Wellington's
been pretty quiet recently so it's time
to shake things up a little bit I think
from that perspective as well plus I
have to face the reality that the
industry that I work
in well Global and very much online also
there's an important reality of having
face-to-face meetings with people and
going to conferences having dinners with
people and meeting and having handshakes
and stuff like that and that's not to
say impossible from New Zealand but
becomes very very difficult because
again anytime you want to get somewhere
it's a a Monumental effort to fly
somewhere so going to Dubai is Good from
that perspective because we'll be in a
epicenter for networking and stuff like
that so lack of opportunities for my
industry specifically here has
definitely been something that's weighed
on my mind plus the sort of lack of
regulatory Clarity from the uh New
Zealand government around cryptocurrency
assets and stuff like that always just
leaves me feeling a bit like well what
next right so I don't like that either I
I like that Singapore and Dubai for
example have lots of regulatory Clarity
so you know exactly where you're going
to be in terms of that another thing
is back when we had the Mexican beer
crisis uh New Zealand had some pretty
harsh lockdowns I mean I know a lot of
places but see the thing is we're a
small isolated island country very very
far away from well everything else right
it's a blessing and a curse sometimes
because we were domestically for a lot
of the time that the rest of the world
was going crazy life was pretty much
normal here but the problem is is that
we were kind of stuck in a green prison
if you will because you could leave the
country anytime you wanted the problem
was you couldn't necessarily get back in
when you wanted to and if you could get
back in you had to wait for two weeks in
a quarantine hotel but it was like a
lottery system and there were stories of
people who were you know okay your
family members on their deathbeds you
have to fly to the UK or fly to the
United States to go see your family and
then you're over there and well now you
might not be able to get back in New
Zealand for three to six months or
something like that so that's
problematic I didn't like that very much
so you know it's just one of these it's
not a deal breaker that kind of stuff we
weren't as bad as Australia my goodness
they weren't even letting citizens leave
Australia for a while that's crazy man
but still left a bad taste in my mouth
right so it's definitely something
that's adds on to the pile of different
ideas and look I'm not a person who's
become not a fan of New Zealand right I
love New Zealand it's um it's my home
it's my home country you know I grew up
in the United States but New Zealand's
home man it has been for a very very
long time and it will always be home to
me and my guess is that
after a few years we'll probably come
back the initial idea we're going to go
to Dubai for two years if we like it
cool we'll stay if we don't like it it
we'll leave maybe we'll go to Singapore
or something after that maybe we'll just
come back to New Zealand okay New
Zealand's great for a variety of reasons
it's super chill it's just a very nice
country to be good standard of living
you know the government and stuff it's
like not crazy with censorship and you
know it's we're okay we do okay here in
New Zealand right it's not perfect like
anywhere but New Zealand's also pretty
good and it's my home so it's got that
going for it just not right now right
time to go
and do something else for a little bit
so lots of love New Zealand we'll see
you next time mate but uh for right now
we're going to go have an adventure now
that's why we're leaving New Zealand
right why we're not deciding not just to
stay here and just do all that stuff but
then the question becomes okay lur
you're leaving New Zealand but why the
heck are you going to Dubai man why not
go to Thailand or some such place like
that well Portugal or something look we
went back and forth a lot on a lot of
different options right right do we want
to go to Ireland guys if you live in
Ireland holy cow what is up with your
weather there I don't even get it like I
thought I lived in a bad weather Town
that's like next level anyway we looked
at a lot of places you know it could be
Portugal they've got beneficial tax
arrangements and stuff like that um
could have been Italy Italy's got some
nice deals Switzerland's got some nice
deals in terms of good quality of life
and good tax deals and crypto
friendliness Etc stuff like this so
there's definitely some attractive
places in Europe that we thought about
Singapore is still pretty high on the
list we may even go there again if we
don't like Dubai we might go move
relatively quickly even might just only
stay in Dubai for a year and then go to
Singapore for example could happen we'll
see but of course one of the big things
that come to your mind when you think
about Dubai is taxes taxes taxes the
fact that there are no capital gains tax
on crypto and no income tax in Dubai
means that my ability to
generate a higher net worth becomes much
bigger much quicker right the 39% tax
that I pay here in New Zealand has been
a bit lame to be honest so haven't been
the biggest fan of that it's like you
know 39% just like it just gets a big
number man if it was like 25% 20% which
is about the rates in Singapore by the
way it's like okay fair enough I'll
contribute to society 40% it's like
you're taking almost half my money and
then you look outside and it's like oh
but you're canceling all the public
infrastructure projects and the roads
aren't even that nice like where's all
the money going man anyway it'll be
interesting to not have to pay taxes for
a while uh we'll still have taxes on the
newsletter business it's a 9% business
tax but the crypto and a lot of the
other stuff currently getting taxed at
39% will go down to 0% so that's going
to make a pretty big difference to the
bottom line Dubai I think is very well
situated for us in the world for the
family we don't want to go live in
Russia we don't want to go back and live
in the United States so we need
somewhere kind of a bit in the middle of
those two and I know Europe might have
been a bit more sensible from that
perspective but for a lot of reasons uh
Dubai is just very very attractive it's
super family friendly which is really
surprising when we went there just how
familyfriendly Dubai actually is like
just kids and families everywhere you go
parks and stuff everywhere you go and I
was really surprised with that because I
feel like the impression that you get uh
for Dubai before you go there is that's
all just like you know Crypt Bros and
Instagram model chicks and stuff like
this and it's just not the case it's
just mostly a bunch of families living
their lives and doing normal stuff so
there's that perspective makes a lot
easier for us to see family one flight
to see either my dad or my wife's mom so
that makes it really big for us and the
travel time is cut um by 80% to go see
the mother-in-law and by over 50% to go
see my dad so big big savings here in
terms of that so that's really good so
there's a lot of uh nice things it's
very safe it's very clean it's very
modern I like all that I like um you
know the fact that Dubai is just so
wildly safe not that I've had any
particular safety concerns here in New
Zealand but just you know why not an
even safer City it's very clean you
can't always say of you know the capital
of New Zealand very modern I like the mo
modernity aspect of it I like the sort
of General Vibes there as well that's
something i' really I quite enjoyed the
people that are there a lot of like
growth mentality abundance mentality
sort of people like the vibe the scene's
really cool so that's something that I
hope is going to be as I perceive it to
be schools definitely something
interesting look my son's going to a
great School here in
Wellington that being said the school
we've got him into in uh Dubai is like
big time the next level without a doubt
Dubai Better Health Care System New
Zealand's going through something like a
healthcare crisis right now where they
can't keep nurses they can't keep
doctors emergency room weights are like
we had a friend went in for an emergency
they're waiting for 12 hours at the
emergency room can you imagine that it's
insane it's craziness ma'am and again
paying 39% taxes and I look at taxes is
like it's the service fee that you pay
for living in a country and what do you
get for your 39% currently not that much
I mean it's not bad I'm not saying it's
bad but just you know things like this
like when you need it you need it right
we you need a good health care System to
work and function for you and not like
we just won't even go if something you
know generally the hospital are going to
the emergency room is like no why would
we do that would we hate ourselves like
we'll figure this out like our kids are
going to be okay or whatever and only
it's like a real real emergency but even
then you got to go wait and okay for an
insane amount of time so it's a bit
crazy from that perspective um yeah we
quite like the schools in Dubai as well
they're very impressive as we said so
that's going to be pretty neat to check
out and again it's not to say that we
won't come back to New Zealand in the
future in fact we plan on that it's just
that you know let's go check out and see
what other things are like for a while
live in another place and it's going to
be a very different experience living in
a different country with our kids
because we've only lived with the kids
here in New Zealand so very different
from when it was just me and my wife
we'd go places and okay and now it's us
but now with kids it's a very different
you see things differently you look okay
where's got the best schools where's got
great Health Care system for when your
kid gets sick can you actually get help
in a a reasonable amount of time stuff
like that also weird Fringe benefit but
if you haven't been to Dubai it's almost
become a Russian speaking city there are
so many um Eastern Europeans whether
Russian or Ukrainian or Bellar Russian
or kazak or whatever there it's actually
got pretty crazy pretty quick certain
districts of town you will hear Russian
spoken in the street almost more than
any other language which my wife's
Russian our children speak Russian I
speak Russian and so the schools the
schools that were going to take the my
son to and my daughter eventually um
they even offer like Russian classes and
stuff like that because there's so many
Russian kids there right now so it's
actually a great place for my children
to learn learn Russian whereas here in
New Zealand they don't really have that
Russian exposure that Russian friend
group stuff like that so that's gonna be
pretty interesting too from that
perspective and look I'm not going into
this road tinted glasses I know that
Dubai is far from a perfect place it's
hot the summers are ridiculous we're
probably gonna have to leave for three
months a year just because it's too dumb
in the summer like out of 40 degree heat
45 degree heat with humidity feels like
it's in the 50s come on air quality not
to the best especially it's going to be
were're spoiled here in New Zealand with
air quality really really good all the
time Dubai not so much so look I
understand these things they more
traffic problems and right okay I get it
there's not nothing's perfect but for a
family adventure I'm pretty excited
about it I think it's gonna be a lot of
fun and I will keep you updated about
how it's going how about that okay
thanks for watching I'll see you next
time
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