Yeah, to have a company in Dubai, but not live there doesn't make so much sense any longer - there are better solutions.
But having residency in Dubai and living there part or full time makes sense. It is the only major international city in the world with near zero tax. And one can have a company and banking elsewhere, though for personal banking the UAE isn't so bad.
St Kitts, Cayman Islands, Vanuatu, Bahrain, Sark or Monaco and the likes don't have the same network effects, and opportunities, and connections as Dubai.
And Zurich, and Singapore while being relatively big cities, have higher taxes than Dubai, and are also more difficult to get residency in.
Hong Kong though was definitely ahead of Dubai in the past. Not sure about Hong Kong since China took over, people have been leaving. Can one live tax free in Hong Kong?
Then Panama City has a lot of of what Dubai has, possibly even lower taxes. But it's more bureaucratic, more difficult to get residency in, and overall just not as great a city as Dubai.
But having residency in Dubai and living there part or full time makes sense. It is the only major international city in the world with near zero tax. And one can have a company and banking elsewhere, though for personal banking the UAE isn't so bad.
St Kitts, Cayman Islands, Vanuatu, Bahrain, Sark or Monaco and the likes don't have the same network effects, and opportunities, and connections as Dubai.
And Zurich, and Singapore while being relatively big cities, have higher taxes than Dubai, and are also more difficult to get residency in.
Hong Kong though was definitely ahead of Dubai in the past. Not sure about Hong Kong since China took over, people have been leaving. Can one live tax free in Hong Kong?
Then Panama City has a lot of of what Dubai has, possibly even lower taxes. But it's more bureaucratic, more difficult to get residency in, and overall just not as great a city as Dubai.