The Truth About Dubai’s New 9% Tax
Summary
TLDRВидео обсуждает новый налог в размере 9% в ОАЭ, который затрагивает предпринимателей, учредивших компании в свободных экономических зонах Дубая. Ведущий развенчивает мифы и предлагает альтернативы для снижения налоговой нагрузки, подчеркивая важность выбора стратегии с учетом личного образа жизни. Он предлагает рассмотреть другие страны с более привлекательным налоговым режимом, такие как Ирландия, Мальта, Кипр, и дает советы по оптимизации налогов, основываясь на своем опыте работы в Nomad Capitalist.
Takeaways
- 😀 Dubai's new 9% corporate tax rate is frustrating entrepreneurs used to 0% tax
- 😞 Taking all profits as salary to avoid corporate tax likely won't work
- 😯 Anti-avoidance rules in UAE target transactions solely for tax avoidance
- 🤔 Better to have low personal tax rate and 0% corporate rate
- 😠 Dubai not an easy jurisdiction for remotely running an international company
- 😀 Non-dom countries like Ireland and Malta offer EU citizenship and <5% rates
- 👍 Spain, Italy residency by investment programs offer EU citizenship route
- 😊 With proper planning many places offer better lifestyle + lower taxes than Dubai
- ✈️ Dubai still an option to maintain assets/base but better to live elsewhere
- 💡 Get professional advice on global company structure and residence based on your goals
Q & A
Какой налог был введен в ОАЭ для бизнеса в свободных зонах?
-Был введен налог в размере 9% для бизнеса в свободных зонах ОАЭ.
Какие типы доходов в ОАЭ облагаются налогом для физических лиц?
-В ОАЭ облагаются налогом доходы от дивидендов, авторских прав, например, от книг, песен, YouTube каналов.
Как можно избежать налогообложения корпоративных доходов в ОАЭ?
-Один из предложенных способов - выплачивать себе зарплату, так как ОАЭ не облагает налогом личный доход от бизнеса.
Какие ограничения существуют в ОАЭ при выплате зарплаты для уменьшения налогов?
-Зарплата должна быть обоснованной и отражать реальную рыночную стоимость работы. Искусственно завышенная зарплата может не считаться полностью налогооблагаемым расходом.
Какие альтернативы существуют для снижения налоговой нагрузки вместо регистрации компании в ОАЭ?
-Существуют альтернативы в виде переноса компании в юрисдикции без налогов или с низкими налогами, такие как Ирландия, Мальта, Кипр и Великобритания.
Почему ОАЭ могут не быть идеальным местом для ведения бизнеса на расстоянии?
-В ОАЭ компании не предназначены для удаленного управления, и может быть сложно управлять бизнесом не находясь в стране.
Какие преимущества предлагают европейские страны для снижения налоговой нагрузки по сравнению с ОАЭ?
-Европейские страны могут предложить более низкую налоговую ставку, возможность получения гражданства и удобства для жизни и бизнеса.
Какие страны позволяют снизить налоговую нагрузку для больших доходов, альтернативно ОАЭ?
-Италия, Швейцария, Ирландия, Мальта и Кипр предлагают программы, которые могут позволить значительно снизить налоговую нагрузку.
Может ли переезд в Европу быть выгоднее для налогообложения, чем проживание в ОАЭ?
-Да, переезд в некоторые европейские страны может быть выгоднее за счет более низких налогов и преимуществ в получении гражданства.
Что предлагает Nomad Capitalist людям, желающим снизить налоговую нагрузку?
-Nomad Capitalist помогает людям законно снижать налоги, учитывая их образ жизни и предлагает индивидуальные решения для оптимизации налоговой нагрузки.
Outlines
🌐 Обзор налоговых изменений в Дубае и их влияние на бизнес
В этом разделе обсуждается сообщение от близкого к миллиардеру человека, который выразил разочарование в связи с новым налогом в размере 9% в Дубае, который теперь применяется к его бизнесу. Рассматриваются заблуждения относительно этого налога и его влияние на предпринимателей, основавших свои компании в свободных зонах Дубая. Автор подчеркивает, что платить 9% налога приемлемо, если Дубай или любая другая часть ОАЭ является желаемым местом проживания. Однако проблема возникает, когда компании в свободных зонах ОАЭ начинают платить 9% налог без видимой выгоды, что усложняет структуру бизнеса и налоговые обязательства.
📉 Разбор мифов о налоговых лазейках и реальных налоговых обязательствах
В этом разделе развенчиваются распространенные заблуждения относительно налогообложения в ОАЭ. Обсуждается предложение о том, что можно избежать налогов, принимая зарплату вместо дивидендов, однако это не всегда является реалистичным решением из-за различных законодательных ограничений, включая правила о «чрезмерной зарплате» и общие антиуклонительные нормы ОАЭ. Также рассматриваются альтернативы налогообложения для американцев и других иностранных предпринимателей, живущих в ОАЭ, подчеркивая, что многие из этих предложений не являются оптимальными и могут привести к высоким налоговым обязательствам.
🌍 Альтернативы ОАЭ: Налоговые стратегии и возможности гражданства
В этом разделе обсуждаются альтернативы ОАЭ для предпринимателей, стремящихся минимизировать налоги и рассматривающих возможности получения гражданства. Автор предлагает различные стратегии и локации, такие как Ирландия, Мальта, Кипр, Великобритания и несколько европейских программ, которые могут предложить более выгодные налоговые условия и пути к гражданству. Обсуждаются критерии выбора подходящей страны, включая налоговые ставки, требования к проживанию и потенциал получения паспорта. Автор подчеркивает важность тщательного выбора страны в соответствии с личными и бизнес-целями.
📈 Заключительные рекомендации по налоговому планированию и выбору страны
В заключительном разделе подводятся итоги и даются рекомендации по налоговому планированию и выбору страны для ведения бизнеса. Автор рассматривает различные опции, включая программы в Европе и Карибском бассейне, и подчеркивает, что важно не следовать за толпой, а принимать обоснованные решения, исходя из индивидуальных целей и предпочтений. Также поднимается вопрос о ценности услуг, которые предлагает 'Nomad Capitalist', включая их подход к выбору налоговой юрисдикции и уникальных условий для каждого клиента.
Mindmap
Keywords
💡Дубай
💡9% налог
💡Номад Капиталист
💡Свободная зона
💡Личный доход
💡Зарубежный доход
💡Исключения налогов
💡Налоговая оптимизация
💡Экономически обоснованные транзакции
💡Глобальная мобильность
Highlights
New 9% tax rate in Dubai's free zones is frustrating entrepreneurs
Workaround by taking all profits as salary does not actually avoid 9% tax
Anti-avoidance rules in UAE target transactions solely for tax avoidance
Recommend moving company out of UAE to other zero tax jurisdictions
Non-dom programs in Europe like Ireland, Malta and Cyprus offer lower taxes
Can structure company offshore while living in Portugal to pay 0% tax
Italy has favorable lump sum tax for high net worth individuals
Most passports easier and faster to get than UAE while paying less tax
With second passport from Caribbean, can keep business in UAE but not live there
Europe offers path to citizenship in 5-10 years while paying under 5% tax
Central America, Eastern Europe, Asia also have low tax rates
UAE not ideal jurisdiction for remotely running an international company
Instagram 'set up in Dubai' ads don't give full picture for high net worth
Detailed professional advice essential when structuring multinational business
Apply for help from Nomad Capitalist in assessing options
Transcripts
a couple months ago I woke up early in
the morning to a message from a near
billionaire he told me he loves living
in Dubai but he's frustrated with the
new 9% tax rate that applies to his
business we told you that a lot of
entrepreneurs who set up companies in
Dubai's free zones are now subject to
this 9% tax and people push back saying
no there's a simple work around but
today I'm going to tell you the truth
about Dubai's 9%
tax
[Music]
now before we get started let me be
clear about one thing there's nothing
wrong with paying 9% tax if Dubai or
anywhere else in the UAE is a place that
you want to live here at Nomad
capitalist we help people legally reduce
their taxes some people want to
eliminate them some people are happy to
reduce them but we always keep lifestyle
in mind the UAE gives you a place where
you can live as long as you want you can
live there every day of the year if you
want and you can pay with still a pretty
low rate of tax so if Dubai is the place
you want to go and as long as you
understand all the other tax friendly
countries you could move to that you are
passing on to go to Dubai we've helped
our clients up to 31 of them including
some you've probably never heard of like
Italy or Greece as long as you're clear
about all the options and you decide to
buy the place for you nothing wrong with
paying 9% tax but the issue is if you
have a company in a UAE free zone and
now you're paying 9% tax for nothing
that's not only complicating your
structure because I generally think it's
easier to pay personal tax
and keep your business tax structure at
zero creates a lot more neutrality so if
you went to the UAE and search of that
0% tax a lot of entrepreneurs we told
you before uh under the new rules that
came out uh and were finalized in
October you're now paying 9% and if
you're not actually living in Dubai why
would you pay 9% when you could put your
company in any number of other places
heck you can put your company in other
places and then still go live in Dubai
although some of the rules rules they
put in place prohibit that we're going
to get into that so let's go through
some of the misconceptions that people
have thrown out when we told you hey a
lot of businesses are going to pay 9%
tax in Dubai definitely check out that
episode by the way we'll be talking
about this new uh rule in detail I was
on the radio in Dubai in 2022 when they
announced hey this new 9% tax it's going
to be onshore uh free zones won't be
affected I actually thought they would
keep the more tax exemptions on free
zones for longer but we were aware of
this change back back in mid
2022 um and people in the UAE invited us
to uh to comment on it on places like
the radio that actually started in July
2023 so people have been saying oh this
has been happening for some time yes
depending on how you set up and when you
set up your company really when you set
it up uh this could have started as
early as July 2023 it also started as
late as January 2024 for some others
depending on uh the way that the
business was set up some of the biggest
changes came I think rather quietly in
October of 202 23 and we actually got in
touch with our clients who were affected
and basically what changed was that a
lot of companies would pay this new 9%
tax and that a lot fewer exemptions
would exist in the free zones so here's
one of the first things that people said
well don't worry about the 9% tax yes it
will apply to you but there's a
workaround so here's one of the proposed
workarounds just take a salary so the
UAE remains taxfree for individuals now
it's not taxfree if you have dividend
income royalty income from a book a song
a YouTube channel uh those are taxed at
source and if that Source doesn't have a
tax treaty with the UAE you may pay the
highest withholding tax rate so if all
your money comes from dividends from US
Stocks the UAE is one of the worst
places in the world you could live um
but you're going to pay zero on income
that you make from any kind of you know
personal business and so people say well
just take a salary so let's say your
company you know earns a profit just
take it all out his salary and then the
salary comes as a tax deduction right
cuz you're I think one thing people have
to understand when they're going
offshore that they often don't
understand in their home country is that
you and your company are different
entities I think especially a lot of
Americans who use llc's don't get that
they look at just kind of one pile of
money your company is a profit your
payment to
yourself is taxable to you personally
which in the UAE you want personal
income that's like in a lot of Western
countries the business is taxed better
than the individual in the UAE it's
flipped so any personal income you can
get is better now first things first if
you are an American and you use the
foreign earned income exclusion which is
the easiest way to reduce what you've
historically been able to do is move let
of the United States set up a foreign
company often you know it is zero tax
jurisdiction uh is a good idea uh
obviously it's different for everybody
but a lot of Americans will set up in a
zero tax jurisdiction which the UAE was
until recently uh they would take out
their their foreign earned income
exclusion between 9 10 now it's getting
close to $111,000 a month a little less
and that foreign income exclusion gives
you your income for free basically you
know no social security no Medicare none
of that but then the rest of the money
had to stay in the company but hey it
was zero and then a while back they
changed it to where now you have to pay
some basic level of
tax but hey uh you're still printing
pretty low tax but if you take money out
of that corporate structure you're going
to pay a much higher tax so just taking
a huge salary let's say you run a
million dollar $5 million company if
you're an American you can't do that you
say okay great I'm not an American well
let me give you a couple points it's not
ideal so I talked to our uh tax
researcher on our team we have people we
have a team of five and a half full-time
people who are doing research all around
the world we have a network of tax
experts all around the world and we
actually like know what's going on in
these different countries and we
actually know what you can do and what
you can't do because it's not as people
think so let's say you've got a company
where you make a couple million dollars
a year here while there is no specific
provision that forces salaries to be
quote unquote reasonable number one the
general rules that expenditure must be
incur incurred wholly and exclusively
for the purpose of the business if the
expenditure is incurred for non-
business purposes then it must be added
back when calculating taxable income
basically this is the case in a number
of places in different wording different
names uh you can't just treat the
company like your personal piggy bank
and take it all out and do things that
are for your sole personal tax benefit
moreover UAE law further clear ifies
that expenditure is not incurred for the
purposes of the taxable uh person's
business are not tax deductible number
two if the salary is artificially
excessive and that's the term and does
not reflect a legitimate and fair market
composition for work being performed by
the shareholder the expense could
potentially no longer be considered
wholly and exclusively for the business
of for the purpose of the business and
therefore not fully tax deductible
number three furthermore the UAE has put
in place general anti-avoidance rules
which Target transactions in which there
is no real econom mic or commercial
purpose meaning that transactions only
take place for tax avoidance purposes
these rules can potentially also affect
an excessive salary now people are often
looking for you know clear black and
white on every part of their scenario in
the tax uh world and there are times
when you'll have different tax
professionals take different positions
both can be equally good they can cite
their reasons we have one particular in
the US we kind of have a war between
kind of two two different two sides of
our tax uh professionals there where you
know one or two guys think this applies
and the other ones all think they're an
idiot uh they're both professionals uh
and so somebody could say hey well you
know I don't think that a salary at a
certain level is going to be excessive
the general provision which is worth
keeping in mind is if you've got a
company and you're making big money uh
you know again a couple million dollars
a year what business that makes a couple
million dollars a year would pay their
CEO a couple million doll a year that's
no longer a business that's a personal
piggy bank and I think that's just in G
forget the tax part of it which I think
is going to be
problematic uh that's just a general
thing that's bad for a business um you
know that could come up in a litigation
scenario right um it's one thing perhaps
to take dividends from a company but a
dividend comes post tax right so you pay
your corporate tax and then you take the
money out as a dividend and so you're
still going to pay uh the tax rate in
that case and so if you're just taking
out an excessive salary like hey like
somebody could argue I think this is
maybe more of an uphill argument in some
jurisdictions from lawyers I've talked
to buty like this guy doesn't run a
company he just has a slush fund so I
think generally the idea of just take
out a salary is not uh the best idea and
so if you went to Dubai again because
you liked it that's fine stay there pay
the 9% does it get higher maybe a little
bit that's fine I'll talk to you about
some Alternatives in a second again
understand understand that there are
certain types of income that are not
taxfree there like royalties uh like
dividends but if you are not living in
the UAE first of all I think it's harder
to run your company they're they're not
companies that are set up to be run
remotely a lot of people who are in
Dubai it's almost like in like the US
like wait a second there's other
countries out there you know like uh
when I asked when I sold my house in the
US and I said I wanted the money sent to
Singapore the person I never heard of
Singapore I think a lot of people in the
UAE they're fascinated by the fact that
people choose to live other places than
Dubai just oh like just come in and sign
your papers it's like I'm out in Dubai
like but why it's just not good to run
remotely uh and I just think that the
the the general philosophy it's not tax
advice it's not all-encompassing it's
not for everybody but it's kind of a
general rule for myself I'd much rather
have a level of personal taxation that
serves My Lifestyle than have corporate
taxation I'd rather the corporation be
tax neutral and then I choose based on
where I spend my time to pay tax to
justify a lifestyle rather than the
reverse I think there's better places uh
to go starting with I mean you can move
your company out of the UAE in a number
of taxfree jurisdictions actually our
tax team just went through and did the
most all-encompassing research we've
ever had on all the different
jurisdictions out there and we found out
that even some of the uh less well
regarded jurisdictions we found some
case studies of people that they might
apply for because you're seeing places
like the SE shells for example and other
offshore jurisdictions increasing the
amount of reporting requirements and so
you know there are use cases for BVI and
bise companies for certain kinds of
businesses where those reporting
requirements are still relatively uh
minimal so that's what Nomad capitalist
does is help people figure out where to
actually incorporate your business if
the answer is I want to lower my taxes
the second thought shouldn't be Dubai
just because these guys all advertise on
Instagram and tell you how easy it is I
I had a company in the UAE and it's one
of the least easy companies I've ever
had to manage I'm not saying it was the
worst thing I've ever done I'm not
saying that the UA is a bad place I
think it's a bit overhyped and overrated
and now it's coming at the expense of 9%
if you make you know 100 Grand a year
you're you're exempt if you make 200
Grand a year you know pay a little bit
of tax nothing wrong with that but if
you're making millions is it worth it
now let's start with some other options
non- dumb programs Ireland Malta Cyprus
the UK if you can find a way to live
there and I think Malta and Cypress are
among the easier ones Ireland's flexible
enough you run your company on offshore
very flexible way those companies are so
it's not like some of the other European
countries where there's a big Blacklist
Portugal have on of those up until when
they whack to their uh tax program you
can put your company anywhere you want
pay zero the money you bring to the
country is taxed the money you keep out
of the country is not taxed and so again
if you're in that multi-million dollar
range and you're like me and you I don't
I like to live on a small percentage of
my income uh then that's only a small
percentage of your income is taxed at
very high rates but overall works out to
a relatively low rate um Ireland easier
to get citizenship Malta and Cyprus I
think harder particularly Malta to get
citizenship but at least if you live in
one of these European countries you can
get a tax rate that's lower than 9%
because you make 5 million you spend
500,000 right so you know maybe you pay
a couple $1,000 in tax in the five
million your rate is four
5% it's half the UAE rate and as little
as five years you could have one of the
best passports in the
world uh by the way people talk about
Ireland the weather's not as bad in a
place like Dublin or somewhere on the
East Coast as it is what you
proverbially think of the west coast
it's not raining every day in Ireland
obviously Malta and Cyprus are are nice
so the UAE you're not going to get
citizenship unless you're Kevin o in
Ireland and to a lesser extent Cypress
can probably pay about half the tax rate
based on how you live you don't have to
live there full-time the same way you
might not live in Dubai full-time half
the tax rate and you get a top tier
citizenship uh Spain is the Beckham tax
it's a bit more complicated for a lot of
entrepreneurs that's possible if you
want to live in a place like Spain
that's a longer process to get
citizenship but if you are from a Latin
American country or the Philippines or
you're an American who was born in
Puerto Rico you could get citizenship in
as little as two years and it might be
worth the structuring in Spain to get a
great passport with that uh and
potentially for some kind of businesses
again you could be in that same bucket
you know paying a handful of percent
lower the Dubai's 9% and getting
citizenship if you're just a anyone else
it's going to be a much longer route to
citizenship Italy and other countries
with Su programs again if you're paying
€100,000 a year flat Switzerland
probably not attracting the same Cent
clientele as Dubai although perhaps uh I
don't know if you like the idea of
living in Dubai if you want to live in
lern or Geneva you know if you can pay a
lump sum in Italy you might well live in
Milan uh you could live in Lake KOMO
there's I mean Milan's not my personal
favorite but it has some of the things
you might like about Dubai passport in
10 years so that's slower than one of
the non-dom countries but you're paying
pay a lump sum €100,000 and if you're
spending uh more than a couple hundred
th000 to live every year if you have the
the Ferraris if you have the uh the the
live-in Chef if you have the great
lifestyle that attracted you to the UAE
uh you can do that more affordably I
mean let's say you make 5 million and
you pay €100,000 e you have a 2% tax
rate and you're working towards
citizenship and uh I mean most passports
these days you can go and spend up to 90
days as a tourist in the UAE Heck if you
have a UAE structure you might keep it
and repurpose it as some kind of holding
company uh for Investments I mean
there's any number of things that you
could do I'm not saying to cut the UAE
out of your life but what I'm saying is
in Europe for example you can pay half
the price you'd pay if you're working
towards citizenship if you want to live
nomadically you can probably get your
taxes down to practically zero uh
there's many other countries in Central
America Eastern Europe Asia uh South
America uh you could pay 01 2% and again
and some of them be working towards some
very good passports uh if you're the
kind of person person that wants to live
in the UAE uh for the global feel and
the low taxes and all that you
absolutely want a second passport I can
get you one in the Caribbean or or in
Malta or any number of other places for
as little as $100,000 and as little as a
few months but maybe that's not needed
maybe you just go and live somewhere for
three five seven years and get a get a
good passport because you're living
there and paying 2% tax which to them
they're happy to take your 2% it's
better than 9% for you so this is what
we do with Nomad culus and this is the
mindset that I go through if I'm talking
to someone nothing against the UAE but
if you went there as the very wealthy
gentleman that I told you about in the
beginning uh you know his goal was let
me just keep my corporate tax at zero
that's a great incentive because when
you're making a lot of money 9% it's
still is a it's a lot if you're paying
Millions a year in tax at 9% are you
getting millions of dollars in Services
you're not getting citizenship so uh you
know if you went there for that that
very low or non-existent rate of tax the
games changed for most businesses and so
you don't have to say well you know 9%
is not that much that's one of the
things people said well you know just
pay your 9% if you like it pay the 9%
but if that's not what you would
attracted to there or if you went there
just for the zero but you would have
rather lived in Italy well you know what
that near billionaire could pay less
than 1% in Italy every year why would he
not move to the place that actually he
likes a little bit more for for 90% less
tax and that's the thought process
nothing wrong with paying % if you get
value in your life but I think a lot of
people just followed the herd to the UAE
and now they turn the screws on you if
you want our help in either getting out
of the UAE or if you're looking for
where to structure your company and you
want a more holistic approach than just
an Instagram ad saying set up in the UAE
isn't it so amazing look at this girl
holding a piece of paper uh you can go
to Nomad
caps.com apply you're going to pay more
uh than you would pay somebody's set a
free zone company but you're going to
save more and we're probably going to
find some things that you haven't
thought about the unknown unknowns for
example like the guy that I've talked
about who didn't realize he has multi
six figures in royalty income that he's
going to get the most punitive taxes on
living the UAE we would have saved him
that and that would have more than
covered his investment uh with us let
lot everything else would have done for
him so Nomad comp.com apply please don't
take this as being against the UAE I'm
taking it as being uh deliberate in what
you do not to chase a location but to
chase an
outcome
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