Dubai is this the end?
- Thread starter csp dubai
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In My reasearch I find USA LLC is the best option as non resident...No income tax......Just require to fill up some form every year......
USA LLC + territorial tax country residency a will be best alternative for Average Digital Business owner......as example USA LLC + Thailand Elite visa will be good alternative......
On forum i also started thread hope this helps
https://www.offshorecorptalk.com/th...are-company-dubai-freezone-alternative.41473/
other are low tax country like HK, SG ,CH are also good alternative ....but they are not total tax free......
It is too early to say that Dubai is finish....Yes I do believe after taxing free zone There is nothing left in Dubai......But ground reality It seems most business owner are unbothered about this New taxation ....May be fear of islamic rules....they do not speak openly.....But IMHO I find the ball is in the hand of Indian, Pakistani , Bangladeshi , African country businessman....as Literally they do not have much option than Dubai for their shady businesses......Do they happy to reveal their finance ? Do they happy to pay tax ?...Time will tell what will happened ? Let's hope for the best that Government reverse their decision and make Freezone tax free again ...
USA LLC + territorial tax country residency a will be best alternative for Average Digital Business owner......as example USA LLC + Thailand Elite visa will be good alternative......
On forum i also started thread hope this helps
https://www.offshorecorptalk.com/th...are-company-dubai-freezone-alternative.41473/
other are low tax country like HK, SG ,CH are also good alternative ....but they are not total tax free......
It is too early to say that Dubai is finish....Yes I do believe after taxing free zone There is nothing left in Dubai......But ground reality It seems most business owner are unbothered about this New taxation ....May be fear of islamic rules....they do not speak openly.....But IMHO I find the ball is in the hand of Indian, Pakistani , Bangladeshi , African country businessman....as Literally they do not have much option than Dubai for their shady businesses......Do they happy to reveal their finance ? Do they happy to pay tax ?...Time will tell what will happened ? Let's hope for the best that Government reverse their decision and make Freezone tax free again ...
It is not.
It's 9% + 0-2% local business tax depending on where the business is domiciled.
If in Budapest it will be 11% , In Pécs it will be 9%
And this is only corporate income tax.
To this you must add social contributions, accounting (at a comparable UAE prices if not higher), and personal income tax.
This really depends upon the type of business you are in and the lifestyle you are looking for.
problem is in free zone management consulting is not allowed, and i ma afraid income tax will come as well
i will first close my business here than i will change name , i will not pay 9% just to feed the sheik yacht, if i pay 9% i want to vote how my tax money will be spent
i will first close my business here than i will change name , i will not pay 9% just to feed the sheik yacht, if i pay 9% i want to vote how my tax money will be spent
Can not agree more.....It is total foolish to pay tax in Islamic monarchy...............Seems World has endless supply of fools.....may god help them
I hope we are all misreading this. It would be really sad.
I've been dealing with free zones for decades and I don't remember any free zone that imposed any type of taxes.
As a service provider For Dubai companies and who got rejected for advertising here, I find your question silly and cheap.
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
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