Are you happy to pay 9% on Dubai Freezone Company ?
- Thread starter troubled soul
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if the set up went down in price, maybe.
But at that price you can get creative and end up with less tax overall
But at that price you can get creative and end up with less tax overall
Anyone knows what's the process of closing down FZCO? Can I just ignore it when the license runs out or will they issue international warrant because of it?
You should really read Precticably Irrational by Ariely where he explains that people will always choose something that will not cost money instead of getting a bargain.
9% total tax is a bargain but you can't beat 0% because there's no risk involved.
9% total tax is a bargain but you can't beat 0% because there's no risk involved.
Problem is not the tax. But there are other commitments, accounting, audits, declarations. You would not want to risk with Sharia law. Why to risk. Then better choose Romania etc..
Also there are 0% options in USA etc. Why you need freezone in arabic country
Also there are 0% options in USA etc. Why you need freezone in arabic country
It's 9% today, but many were guaranteed 0% for 50 years which was then taken away. It seems the UAE Government just change their mind on a whim - what's next? I spoke with many people who would rather pay 5-12.5% in Europe than 9% in the UAE because of this. They also come with the added benefits of lower costs and more freedoms.
For me Dubai is still an interesting place, and im happy as long as they keep it free of personal income tax, but as a viable alternative decent structures are:
Estonian company with:
Cyprus for holding location
UAE for tax residence
Estonian company with:
- a branch in Bulgaria. Total effective tax 10%
- a branch in Albania. Total effective tax 5% on up to 140k profits
- fiscal unit in Malta. Total effective tax 5%
Cyprus for holding location
UAE for tax residence
Let me put it to you the way a retired Dutch judge put it to me when I was in VWO (I was 13). He was my neighbor!
You have three (3) choices of places to live:
(1) With a group of unproductive people called "government" that want to stick 52% of the length of a rod up your rectum every year. If you refuse, they'll︀ gang up and violently attack you and if you survive they'll cage you! You get︁ the displeasure to pay for ALL of this! After your incarceration is completed, if you︂ were not born there, they'll deport you with nothing. Complete destitute! If born there, you'll︃ be homeless, have a criminal record, and bar you from getting employment or opening a︄ bank account.
(2) With a group of other unproductive people called "government" that want to︅ stick 9% of the length of a rod up your rectum every year. If you︆ refuse, they'll gang up and violently attack you and if you survive they'll cage you!︇ You get the displeasure to pay for ALL of this! After your incarceration is completed,︈ if you were not born there, they'll deport you with nothing. Complete destitute! If born︉ there, you'll be homeless, have a criminal record, and bar you from getting employment or︊ opening a bank account.
(3) With another group of unproductive people called "government" that doesn't︋ want to stick ANYTHING up your rectum. They don't even want to see your buttocks.︌ End of story!
Where do you want to live?
1, 2, or 3?
rof/% rof/% rof/% rof/% rof/% rof/%
You have three (3) choices of places to live:
(1) With a group of unproductive people called "government" that want to stick 52% of the length of a rod up your rectum every year. If you refuse, they'll︀ gang up and violently attack you and if you survive they'll cage you! You get︁ the displeasure to pay for ALL of this! After your incarceration is completed, if you︂ were not born there, they'll deport you with nothing. Complete destitute! If born there, you'll︃ be homeless, have a criminal record, and bar you from getting employment or opening a︄ bank account.
(2) With a group of other unproductive people called "government" that want to︅ stick 9% of the length of a rod up your rectum every year. If you︆ refuse, they'll gang up and violently attack you and if you survive they'll cage you!︇ You get the displeasure to pay for ALL of this! After your incarceration is completed,︈ if you were not born there, they'll deport you with nothing. Complete destitute! If born︉ there, you'll be homeless, have a criminal record, and bar you from getting employment or︊ opening a bank account.
(3) With another group of unproductive people called "government" that doesn't︋ want to stick ANYTHING up your rectum. They don't even want to see your buttocks.︌ End of story!
Where do you want to live?
1, 2, or 3?
rof/% rof/% rof/% rof/% rof/% rof/%
Dubai is only good today for people who seeking person tax free residency.....No need to deal with any government official or local people...Do not need to spend too much time in UAE.
UAE "Freezone" or any sort of company registration is not worth headache for tax saving purpose.
UAE Golden visa + USA LLC is still Good option.......IMHO
even in worst case....Due to PE rule If I need to pay tax on USA LLC...I am very happy to pay 21% tax (or whatever rate) on USA LLC ....than 9% in UAE....(forget about 9% even I will not pay 1% tax there)......
My friends remember UAE︀ is a Islamic monarchy ...with sharia law...Some local Muslims are crazy to another level......Majority of︁ local still consider Bin Laden as martyrs.......believe or not It is ground reality of Gulf︂ and major Muslim countries. ....... .Two of the attacker of 9/11 Marwan al-Shihhi and Fayaz Bani Hammad are local Emirati.....read 9/11 report, Dubai Islamic Bank is used to lauder money....︃
Mark My word....tax︇ rate is out of the question. .Main issue is dealing with local Muslim Emirati︈......whoever saying that dude it is just 9%...what is this all panic about .....etc etc...........this︉ post will aged well with time....
UAE "Freezone" or any sort of company registration is not worth headache for tax saving purpose.
UAE Golden visa + USA LLC is still Good option.......IMHO
even in worst case....Due to PE rule If I need to pay tax on USA LLC...I am very happy to pay 21% tax (or whatever rate) on USA LLC ....than 9% in UAE....(forget about 9% even I will not pay 1% tax there)......
My friends remember UAE︀ is a Islamic monarchy ...with sharia law...Some local Muslims are crazy to another level......Majority of︁ local still consider Bin Laden as martyrs.......believe or not It is ground reality of Gulf︂ and major Muslim countries. ....... .Two of the attacker of 9/11 Marwan al-Shihhi and Fayaz Bani Hammad are local Emirati.....read 9/11 report, Dubai Islamic Bank is used to lauder money....︃
Mark My word....tax︇ rate is out of the question. .Main issue is dealing with local Muslim Emirati︈......whoever saying that dude it is just 9%...what is this all panic about .....etc etc...........this︉ post will aged well with time....
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