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But Dubai has very lucrative tax incentives and tries hard to be neutral about who invests. So whether you are Russian, Chinese or Ukrainian Dubai is a good opt
by wodenokoto 3y ago
But Dubai has very lucrative tax incentives and tries hard to be neutral about who invests. So whether you are Russian, Chinese or Ukrainian Dubai is a good option for parking assets without being asked too many questions.
- fakedang 3y agoIt's only a good option if you're not going to be involved with business in the West that much. Once you start thinking about moving to the West, or setting up a business in the US or EU, be prepared to be asked a LOT of questions, and being demanded non-existent paperwork (because Dubai authorities don't bother with stuff that would be important in other jurisdictions). Speaking from experience. The income tax and the corporate tax in the free zones are the only big draws, but who knows how long they'll last? The mainland already has a 10% corporate tax.