I'm done paying crazy taxes (How to shift to Dubai?) | Akshat Shrivastava

Summary

In this insightful video, the speaker shares personal updates about becoming a registered investment advisor in the Middle East and setting up two companies there. He discusses the motivations behind these decisions, emphasizing low taxes, ease of doing business, and favorable investment opportunities. While addressing potential criticisms about leaving India, he clarifies that his roots remain in Goa. The video also offers practical advice for those considering a move to Dubai, highlighting networking strategies and the importance of understanding the local business landscape. Ultimately, the speaker advocates for geographical diversification of investments amid increasing global taxation.

Takeaways

• 😀 The Osprey Porter 46 is a versatile carry-on backpack ideal for travelers seeking organization and comfort.
• 🧳 The Kelty Red Wing 44 is a durable and spacious backpack, perfect for hiking and outdoor adventures.
• 🔍 Both backpacks offer unique features catering to different types of users: urban travelers versus outdoor enthusiasts.
• 🎒 The Osprey Porter 46 includes a padded laptop sleeve and multiple compartments for easy access to belongings.
• 🌲 The Kelty Red Wing 44 features a top-loading design and external pockets for quick access to gear.
• 📏 The size and dimensions of both backpacks comply with airline carry-on regulations, making them travel-friendly.
• ⚙️ The Osprey backpack emphasizes comfort with its adjustable harness and breathable back panel.
• 🏕️ The Kelty backpack is designed with durability in mind, using high-quality materials for rugged use.
• 💼 For business travelers, the Osprey Porter 46 doubles as a professional-looking bag suitable for meetings.
• 🌐 Ultimately, the choice between the two backpacks depends on the user's specific needs and travel style.

Q & A

What are the two main personal updates shared in the video?

The speaker has become a registered investment advisor in the Middle East and has set up two companies there.

Why is the speaker setting up companies in the Middle East?

The speaker is attracted by low taxes, ease of doing business, lower operating income tax, and networking opportunities with wealthy investors.

Is the speaker leaving India permanently?

No, the speaker clarifies that Goa is their home and they still have businesses in India, where they will continue to pay taxes.

What are some advantages of doing business in the Middle East mentioned in the video?

Advantages include low taxes, quick business registration processes, and opportunities for networking with wealthy individuals.

What does the speaker say about the tax situation in India?

The speaker notes that operating income taxes in India are high and have been increasing, which affects investment options.

How does the speaker view the government's regulations on cryptocurrency in India?

The speaker believes the regulations make it difficult to invest in cryptocurrencies like Bitcoin, contrasting it with more favorable regulations in countries like UAE.

What steps does the speaker suggest for someone looking to move to Dubai?

The speaker suggests cultivating a network in the Middle East, securing a job, or considering business registration or investment routes.

What are the cons of living in Dubai as mentioned by the speaker?

Cons include a high cost of living, extreme weather, and the potential for job scams.

What advice does the speaker give regarding investment options and taxation?

The speaker advises considering geographical diversification of investments due to increasing taxation globally and the depreciation of currencies.

How does the speaker suggest approaching the job search in Dubai?

The speaker recommends building a network through events and seeking internships to improve job prospects in Dubai.