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If you make sure you aren't living in a single country for over 180 days, you can still utilize Dubai taxation. For example, you spend 179 days in your home cou
by bitL 4y ago
If you make sure you aren't living in a single country for over 180 days, you can still utilize Dubai taxation. For example, you spend 179 days in your home country in the spring/summer, then travel a bit for a few months, then park in Dubai for winter. With regular Dubai visa, you'd need to spend 8 months there. Dubai's CoL is comparable to Germany. If you earn $200+k/year remotely, you can buy a house in your home country in a few years and move back. 0% tax means you get $200k, with monthly living expenses around $2000 including health insurance and rent, keeping $176k (adjust when married with kids etc.).
- olalonde 4y agoYou can also do that without Dubai visa.
- bitL 4y agoMaybe if you are in a country with super low taxes for IT folks like Romania, Poland, Croatia etc. But that won't work in Germany, Benelux, France, Spain, Italy, Scandinavia where taxes can be 40-60% at that income level.
- olalonde 4y agoWhat I meant is that a Dubai visa is not necessary to execute this scheme. In general, if you spend less than 180 days in a country, you are not taxed in that country (irregardless of whether you have a Dubai visa or not). Country of citizenship is mostly irrelevant for tax purposes, unless you are American. There's not usually a law that requires citizens to be paying taxes somewhere (else, I could see how the Dubai Golden visa could help).
- bitL 4y agoI think you'd need at least one country to give you a taxation statement for a given year or you risk your home country will extract those taxes from you later. I can ask my tax person about it.
- csomar 4y agoI get you don't really understand well how these things work. I suggest you don't give advice in this area. Some people will find themselves in trouble because of it.
- olalonde 4y agoI am not giving advice, every country is different. But that is the most common rule, with some caveats.
- ddorian43 4y agoI think Spain has the "Beckam Law" that you don't get taxed for 6 years if your revenue comes from out of Spain (remote work)
- bitL 4y agoYou need to reside at least 10 years in Spain before you can invoke Beckham's Law, so not an option for many people.
- lm28469 4y agoThe "I don't understand while my home country is going to shit and why people can't afford houses anymore" post.
- deleted 4y ago[deleted]
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