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UAE (Dubai) Expats: What moves will you make with the new UAE tax laws?

#65
#66
uranium said:
From what I understood this tax residency certificate would confirm that I am a resident of another country and that I'm running HK company offshore.
So I need to be resident of a tax free company to avoid paying tax
I am correct?
Click to expand...
Most important were is your physical residence is. If you are in real 0% tax country. You can still work tax free.
But as we no longer have Dubai. It seams only option is some Caribbean of Pacific islands, but problem is living in them all the time. Or you do Monaco if you have money.
 
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#67
Konstanz said:
Most important were is your physical residence is. If you are in real 0% tax country. You can still work tax free.
But as we no longer have Dubai. It seams only option is some Caribbean of Pacific islands, but problem is living in them all the time. Or you do Monaco if you have money.
Click to expand...
Cyprus, Malta
 
#68
uranium said:
From what I understood this tax residency certificate would confirm that I am a resident of another country and that I'm running HK company offshore.
So I need to be resident of a tax free company to avoid paying tax
I am correct?
Click to expand...

No. Both individuals (people) and companies can have a tax residency. Two different things.
A tax residency certificate is a confirmation that a person or company has its "tax home" in a country. You may never need such a certificate.
My comment was about the fact that there is a difference between paying 0% tax in a country and not paying tax in a country.

yngmind said:
I said you could achieve a 0% tax setup, living as PT, or living in a 0% personal income country using those structures.
Click to expand...

You wrote one should set up a company with a 0% corporate tax. But none of the options you gave are 0% corporate tax options. They are all "not subject to tax" options. Very different from paying 0%. I'm also not sure if you can really achieve 0% tax with a SG company that has operative income, not just capital gains.
 
#70
Konstanz said:
Most important were is your physical residence is. If you are in real 0% tax country. You can still work tax free.
But as we no longer have Dubai. It seams only option is some Caribbean of Pacific islands, but problem is living in them all the time. Or you do Monaco if you have money.
Click to expand...
how easy is it to become a resident of monaco? How many days to live? CT? Capital gains? Is there a border? Ive passed thru monaco but never been there. Maybe monaco personal residency is not a bad option with non resident company structure which pays dividends or a salary??
 
#72
JustAnotherNomad said:
In theory, this should not work with the options you listed because those entities can't distribute dividends. In practice, it may work anyway because their tax authorities either don't care or are incompetent/don't have the resources to check everything.
Click to expand...
US LLC not c corp - can't.

But SG and HK can distribute dividends.
 
#74
yngmind said:
Cyprus, Malta
Click to expand...
It's an alternative to Dubai, but not tax free and these are also islands even shorter flight

I have been in Malta and I have been in Caribbean. I would still choose Caribbean over Malta or Cyprus. At least you can spend winter in Caribbean and have good weather
 
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