The Truth About Dubai’s New 9% Tax

Nomad Capitalist
26 Feb 202417:36

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

00:00

🌐 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.

05:00

📉 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.

10:02

🌍 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.

15:03

📈 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

Дубай упоминается как место проживания миллиардера и многих предпринимателей, привлекаемых низкими налогами и деловой средой. В контексте видео, Дубай представлен как пример места, где вводится новый налог в размере 9% для бизнесов, что вызывает разочарование среди предпринимателей, рассчитывавших на 0% корпоративного налога.

💡9% налог

Этот новый налоговый сбор вводится в Дубае для компаний, зарегистрированных в свободных экономических зонах, и составляет 9% от прибыли. В видео обсуждается, как этот налог влияет на предпринимателей и ищутся способы его оптимизации или обхода, а также рассматриваются альтернативные страны с более привлекательным налоговым режимом.

💡Номад Капиталист

Название компании или сервиса, предлагающего консультации по оптимизации налогов и выбору страны для жизни и ведения бизнеса. В контексте видео, 'Номад Капиталист' помогает клиентам законно снижать налоговые отчисления, учитывая при этом их желаемый образ жизни и бизнес-цели.

💡Свободная зона

Упоминается в контексте Дубая как специально выделенные территории с льготным налоговым режимом для иностранных компаний. Видео подчеркивает, что новый 9% налог теперь применяется и к компаниям в этих зонах, что изменяет прежние условия их привлекательности.

💡Личный доход

Обсуждается в контексте налоговой стратегии, где предложено, что предприниматели могут избежать корпоративных налогов, принимая доход в виде зарплаты, поскольку в Дубае личный доход не облагается налогом. Однако видео также указывает на сложности и ограничения этого подхода.

💡Зарубежный доход

Упоминается в контексте американских предпринимателей, использующих иностранные компании и иностранный заработанный доход для снижения налогов. Видео обсуждает, как изменения в налоговом законодательстве и введение 9% налога в Дубае влияют на стратегии налогового планирования для таких доходов.

💡Исключения налогов

В контексте видео обсуждаются изменения в налоговом законодательстве Дубая, согласно которым уменьшается количество исключений для компаний в свободных зонах, что приводит к обязательным налоговым отчислениям в размере 9% для большего числа бизнесов.

💡Налоговая оптимизация

Процесс законного снижения налогового бремени через выбор юрисдикции для ведения бизнеса и жизни, а также через использование различных налоговых стратегий. В видео подчеркивается, что 'Номад Капиталист' помогает клиентам в этом процессе, предлагая альтернативы Дубаю с более выгодными налоговыми условиями.

💡Экономически обоснованные транзакции

В контексте обхода налоговых правил, видео указывает на то, что важно, чтобы транзакции имели реальную экономическую цель, а не проводились исключительно для избежания налогов. Это связано с антиизбегательными правилами, применяемыми во многих юрисдикциях, включая Дубай.

💡Глобальная мобильность

Концепция, лежащая в основе услуг 'Номад Капиталист', подразумевающая возможность выбора страны для жизни и ведения бизнеса в зависимости от налоговых условий, образа жизни и других факторов. Видео подчеркивает преимущества глобальной мобильности для оптимизации налогов и улучшения качества жизни.

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

play00:00

a couple months ago I woke up early in

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the morning to a message from a near

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billionaire he told me he loves living

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in Dubai but he's frustrated with the

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new 9% tax rate that applies to his

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business we told you that a lot of

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entrepreneurs who set up companies in

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Dubai's free zones are now subject to

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this 9% tax and people push back saying

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no there's a simple work around but

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today I'm going to tell you the truth

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about Dubai's 9%

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tax

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[Music]

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now before we get started let me be

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clear about one thing there's nothing

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wrong with paying 9% tax if Dubai or

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anywhere else in the UAE is a place that

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you want to live here at Nomad

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capitalist we help people legally reduce

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their taxes some people want to

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eliminate them some people are happy to

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reduce them but we always keep lifestyle

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in mind the UAE gives you a place where

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you can live as long as you want you can

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live there every day of the year if you

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want and you can pay with still a pretty

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low rate of tax so if Dubai is the place

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you want to go and as long as you

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understand all the other tax friendly

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countries you could move to that you are

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passing on to go to Dubai we've helped

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our clients up to 31 of them including

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some you've probably never heard of like

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Italy or Greece as long as you're clear

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about all the options and you decide to

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buy the place for you nothing wrong with

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paying 9% tax but the issue is if you

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have a company in a UAE free zone and

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now you're paying 9% tax for nothing

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that's not only complicating your

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structure because I generally think it's

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easier to pay personal tax

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and keep your business tax structure at

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zero creates a lot more neutrality so if

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you went to the UAE and search of that

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0% tax a lot of entrepreneurs we told

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you before uh under the new rules that

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came out uh and were finalized in

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October you're now paying 9% and if

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you're not actually living in Dubai why

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would you pay 9% when you could put your

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company in any number of other places

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heck you can put your company in other

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places and then still go live in Dubai

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although some of the rules rules they

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put in place prohibit that we're going

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to get into that so let's go through

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some of the misconceptions that people

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have thrown out when we told you hey a

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lot of businesses are going to pay 9%

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tax in Dubai definitely check out that

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episode by the way we'll be talking

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about this new uh rule in detail I was

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on the radio in Dubai in 2022 when they

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announced hey this new 9% tax it's going

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to be onshore uh free zones won't be

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affected I actually thought they would

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keep the more tax exemptions on free

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zones for longer but we were aware of

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this change back back in mid

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2022 um and people in the UAE invited us

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to uh to comment on it on places like

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the radio that actually started in July

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2023 so people have been saying oh this

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has been happening for some time yes

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depending on how you set up and when you

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set up your company really when you set

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it up uh this could have started as

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early as July 2023 it also started as

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late as January 2024 for some others

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depending on uh the way that the

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business was set up some of the biggest

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changes came I think rather quietly in

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October of 202 23 and we actually got in

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touch with our clients who were affected

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and basically what changed was that a

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lot of companies would pay this new 9%

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tax and that a lot fewer exemptions

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would exist in the free zones so here's

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one of the first things that people said

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well don't worry about the 9% tax yes it

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will apply to you but there's a

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workaround so here's one of the proposed

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workarounds just take a salary so the

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UAE remains taxfree for individuals now

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it's not taxfree if you have dividend

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income royalty income from a book a song

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a YouTube channel uh those are taxed at

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source and if that Source doesn't have a

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tax treaty with the UAE you may pay the

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highest withholding tax rate so if all

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your money comes from dividends from US

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Stocks the UAE is one of the worst

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places in the world you could live um

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but you're going to pay zero on income

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that you make from any kind of you know

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personal business and so people say well

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just take a salary so let's say your

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company you know earns a profit just

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take it all out his salary and then the

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salary comes as a tax deduction right

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cuz you're I think one thing people have

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to understand when they're going

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offshore that they often don't

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understand in their home country is that

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you and your company are different

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entities I think especially a lot of

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Americans who use llc's don't get that

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they look at just kind of one pile of

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money your company is a profit your

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payment to

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yourself is taxable to you personally

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which in the UAE you want personal

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income that's like in a lot of Western

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countries the business is taxed better

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than the individual in the UAE it's

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flipped so any personal income you can

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get is better now first things first if

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you are an American and you use the

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foreign earned income exclusion which is

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the easiest way to reduce what you've

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historically been able to do is move let

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of the United States set up a foreign

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company often you know it is zero tax

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jurisdiction uh is a good idea uh

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obviously it's different for everybody

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but a lot of Americans will set up in a

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zero tax jurisdiction which the UAE was

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until recently uh they would take out

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their their foreign earned income

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exclusion between 9 10 now it's getting

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close to $111,000 a month a little less

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and that foreign income exclusion gives

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you your income for free basically you

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know no social security no Medicare none

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of that but then the rest of the money

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had to stay in the company but hey it

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was zero and then a while back they

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changed it to where now you have to pay

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some basic level of

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tax but hey uh you're still printing

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pretty low tax but if you take money out

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of that corporate structure you're going

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to pay a much higher tax so just taking

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a huge salary let's say you run a

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million dollar $5 million company if

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you're an American you can't do that you

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say okay great I'm not an American well

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let me give you a couple points it's not

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ideal so I talked to our uh tax

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researcher on our team we have people we

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have a team of five and a half full-time

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people who are doing research all around

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the world we have a network of tax

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experts all around the world and we

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actually like know what's going on in

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these different countries and we

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actually know what you can do and what

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you can't do because it's not as people

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think so let's say you've got a company

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where you make a couple million dollars

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a year here while there is no specific

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provision that forces salaries to be

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quote unquote reasonable number one the

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general rules that expenditure must be

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incur incurred wholly and exclusively

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for the purpose of the business if the

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expenditure is incurred for non-

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business purposes then it must be added

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back when calculating taxable income

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basically this is the case in a number

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of places in different wording different

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names uh you can't just treat the

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company like your personal piggy bank

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and take it all out and do things that

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are for your sole personal tax benefit

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moreover UAE law further clear ifies

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that expenditure is not incurred for the

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purposes of the taxable uh person's

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business are not tax deductible number

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two if the salary is artificially

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excessive and that's the term and does

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not reflect a legitimate and fair market

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composition for work being performed by

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the shareholder the expense could

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potentially no longer be considered

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wholly and exclusively for the business

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of for the purpose of the business and

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therefore not fully tax deductible

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number three furthermore the UAE has put

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in place general anti-avoidance rules

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which Target transactions in which there

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is no real econom mic or commercial

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purpose meaning that transactions only

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take place for tax avoidance purposes

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these rules can potentially also affect

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an excessive salary now people are often

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looking for you know clear black and

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white on every part of their scenario in

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the tax uh world and there are times

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when you'll have different tax

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professionals take different positions

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both can be equally good they can cite

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their reasons we have one particular in

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the US we kind of have a war between

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kind of two two different two sides of

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our tax uh professionals there where you

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know one or two guys think this applies

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and the other ones all think they're an

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idiot uh they're both professionals uh

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and so somebody could say hey well you

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know I don't think that a salary at a

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certain level is going to be excessive

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the general provision which is worth

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keeping in mind is if you've got a

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company and you're making big money uh

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you know again a couple million dollars

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a year what business that makes a couple

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million dollars a year would pay their

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CEO a couple million doll a year that's

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no longer a business that's a personal

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piggy bank and I think that's just in G

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forget the tax part of it which I think

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is going to be

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problematic uh that's just a general

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thing that's bad for a business um you

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know that could come up in a litigation

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scenario right um it's one thing perhaps

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to take dividends from a company but a

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dividend comes post tax right so you pay

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your corporate tax and then you take the

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money out as a dividend and so you're

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still going to pay uh the tax rate in

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that case and so if you're just taking

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out an excessive salary like hey like

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somebody could argue I think this is

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maybe more of an uphill argument in some

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jurisdictions from lawyers I've talked

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to buty like this guy doesn't run a

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company he just has a slush fund so I

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think generally the idea of just take

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out a salary is not uh the best idea and

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so if you went to Dubai again because

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you liked it that's fine stay there pay

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the 9% does it get higher maybe a little

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bit that's fine I'll talk to you about

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some Alternatives in a second again

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understand understand that there are

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certain types of income that are not

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taxfree there like royalties uh like

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dividends but if you are not living in

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the UAE first of all I think it's harder

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to run your company they're they're not

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companies that are set up to be run

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remotely a lot of people who are in

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Dubai it's almost like in like the US

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like wait a second there's other

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countries out there you know like uh

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when I asked when I sold my house in the

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US and I said I wanted the money sent to

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Singapore the person I never heard of

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Singapore I think a lot of people in the

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UAE they're fascinated by the fact that

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people choose to live other places than

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Dubai just oh like just come in and sign

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your papers it's like I'm out in Dubai

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like but why it's just not good to run

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remotely uh and I just think that the

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the the general philosophy it's not tax

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advice it's not all-encompassing it's

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not for everybody but it's kind of a

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general rule for myself I'd much rather

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have a level of personal taxation that

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serves My Lifestyle than have corporate

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taxation I'd rather the corporation be

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tax neutral and then I choose based on

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where I spend my time to pay tax to

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justify a lifestyle rather than the

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reverse I think there's better places uh

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to go starting with I mean you can move

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your company out of the UAE in a number

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of taxfree jurisdictions actually our

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tax team just went through and did the

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most all-encompassing research we've

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ever had on all the different

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jurisdictions out there and we found out

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that even some of the uh less well

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regarded jurisdictions we found some

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case studies of people that they might

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apply for because you're seeing places

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like the SE shells for example and other

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offshore jurisdictions increasing the

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amount of reporting requirements and so

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you know there are use cases for BVI and

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bise companies for certain kinds of

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businesses where those reporting

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requirements are still relatively uh

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minimal so that's what Nomad capitalist

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does is help people figure out where to

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actually incorporate your business if

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the answer is I want to lower my taxes

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the second thought shouldn't be Dubai

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just because these guys all advertise on

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Instagram and tell you how easy it is I

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I had a company in the UAE and it's one

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of the least easy companies I've ever

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had to manage I'm not saying it was the

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worst thing I've ever done I'm not

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saying that the UA is a bad place I

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think it's a bit overhyped and overrated

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and now it's coming at the expense of 9%

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if you make you know 100 Grand a year

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you're you're exempt if you make 200

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Grand a year you know pay a little bit

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of tax nothing wrong with that but if

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you're making millions is it worth it

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now let's start with some other options

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non- dumb programs Ireland Malta Cyprus

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the UK if you can find a way to live

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there and I think Malta and Cypress are

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among the easier ones Ireland's flexible

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enough you run your company on offshore

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very flexible way those companies are so

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it's not like some of the other European

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countries where there's a big Blacklist

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Portugal have on of those up until when

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they whack to their uh tax program you

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can put your company anywhere you want

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pay zero the money you bring to the

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country is taxed the money you keep out

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of the country is not taxed and so again

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if you're in that multi-million dollar

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range and you're like me and you I don't

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I like to live on a small percentage of

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my income uh then that's only a small

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percentage of your income is taxed at

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very high rates but overall works out to

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a relatively low rate um Ireland easier

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to get citizenship Malta and Cyprus I

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think harder particularly Malta to get

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citizenship but at least if you live in

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one of these European countries you can

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get a tax rate that's lower than 9%

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because you make 5 million you spend

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500,000 right so you know maybe you pay

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a couple $1,000 in tax in the five

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million your rate is four

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5% it's half the UAE rate and as little

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as five years you could have one of the

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best passports in the

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world uh by the way people talk about

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Ireland the weather's not as bad in a

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place like Dublin or somewhere on the

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East Coast as it is what you

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proverbially think of the west coast

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it's not raining every day in Ireland

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obviously Malta and Cyprus are are nice

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so the UAE you're not going to get

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citizenship unless you're Kevin o in

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Ireland and to a lesser extent Cypress

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can probably pay about half the tax rate

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based on how you live you don't have to

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live there full-time the same way you

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might not live in Dubai full-time half

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the tax rate and you get a top tier

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citizenship uh Spain is the Beckham tax

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it's a bit more complicated for a lot of

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entrepreneurs that's possible if you

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want to live in a place like Spain

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that's a longer process to get

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citizenship but if you are from a Latin

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American country or the Philippines or

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you're an American who was born in

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Puerto Rico you could get citizenship in

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as little as two years and it might be

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worth the structuring in Spain to get a

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great passport with that uh and

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potentially for some kind of businesses

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again you could be in that same bucket

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you know paying a handful of percent

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lower the Dubai's 9% and getting

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citizenship if you're just a anyone else

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it's going to be a much longer route to

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citizenship Italy and other countries

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with Su programs again if you're paying

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€100,000 a year flat Switzerland

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probably not attracting the same Cent

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clientele as Dubai although perhaps uh I

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don't know if you like the idea of

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living in Dubai if you want to live in

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lern or Geneva you know if you can pay a

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lump sum in Italy you might well live in

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Milan uh you could live in Lake KOMO

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there's I mean Milan's not my personal

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favorite but it has some of the things

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you might like about Dubai passport in

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10 years so that's slower than one of

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the non-dom countries but you're paying

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pay a lump sum €100,000 and if you're

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spending uh more than a couple hundred

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th000 to live every year if you have the

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the Ferraris if you have the uh the the

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live-in Chef if you have the great

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lifestyle that attracted you to the UAE

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uh you can do that more affordably I

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mean let's say you make 5 million and

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you pay €100,000 e you have a 2% tax

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rate and you're working towards

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citizenship and uh I mean most passports

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these days you can go and spend up to 90

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days as a tourist in the UAE Heck if you

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have a UAE structure you might keep it

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and repurpose it as some kind of holding

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company uh for Investments I mean

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there's any number of things that you

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could do I'm not saying to cut the UAE

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out of your life but what I'm saying is

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in Europe for example you can pay half

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the price you'd pay if you're working

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towards citizenship if you want to live

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nomadically you can probably get your

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taxes down to practically zero uh

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there's many other countries in Central

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America Eastern Europe Asia uh South

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America uh you could pay 01 2% and again

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and some of them be working towards some

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very good passports uh if you're the

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kind of person person that wants to live

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in the UAE uh for the global feel and

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the low taxes and all that you

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absolutely want a second passport I can

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get you one in the Caribbean or or in

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Malta or any number of other places for

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as little as $100,000 and as little as a

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few months but maybe that's not needed

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maybe you just go and live somewhere for

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three five seven years and get a get a

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good passport because you're living

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there and paying 2% tax which to them

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they're happy to take your 2% it's

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better than 9% for you so this is what

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we do with Nomad culus and this is the

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mindset that I go through if I'm talking

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to someone nothing against the UAE but

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if you went there as the very wealthy

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gentleman that I told you about in the

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beginning uh you know his goal was let

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me just keep my corporate tax at zero

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that's a great incentive because when

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you're making a lot of money 9% it's

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still is a it's a lot if you're paying

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Millions a year in tax at 9% are you

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getting millions of dollars in Services

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you're not getting citizenship so uh you

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know if you went there for that that

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very low or non-existent rate of tax the

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games changed for most businesses and so

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you don't have to say well you know 9%

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is not that much that's one of the

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things people said well you know just

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pay your 9% if you like it pay the 9%

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but if that's not what you would

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attracted to there or if you went there

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just for the zero but you would have

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rather lived in Italy well you know what

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that near billionaire could pay less

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than 1% in Italy every year why would he

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not move to the place that actually he

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likes a little bit more for for 90% less

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tax and that's the thought process

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nothing wrong with paying % if you get

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value in your life but I think a lot of

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people just followed the herd to the UAE

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and now they turn the screws on you if

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you want our help in either getting out

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of the UAE or if you're looking for

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where to structure your company and you

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want a more holistic approach than just

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an Instagram ad saying set up in the UAE

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isn't it so amazing look at this girl

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holding a piece of paper uh you can go

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to Nomad

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caps.com apply you're going to pay more

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uh than you would pay somebody's set a

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free zone company but you're going to

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save more and we're probably going to

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find some things that you haven't

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thought about the unknown unknowns for

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example like the guy that I've talked

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about who didn't realize he has multi

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six figures in royalty income that he's

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going to get the most punitive taxes on

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living the UAE we would have saved him

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that and that would have more than

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covered his investment uh with us let

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lot everything else would have done for

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him so Nomad comp.com apply please don't

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take this as being against the UAE I'm

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taking it as being uh deliberate in what

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you do not to chase a location but to

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chase an

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outcome

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