Dubai VS Singapore: The BEST City in the World?
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- Опубликовано: 17 авг 2022
- Is Singapore or Dubai a better city to live for a wealthy expat?
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Who is the Wealthy Expat?
The Wealthy Expat is run by Rafael Cintron, it's a RUclips channel and company dedicated to helping you lower your taxes, get a second citizenship, and travel the World to increase your freedoms and happiness. Rafael Cintron is a 7-figure entrepreneur who's traveled to more than 65 countries, gotten multiple residence permits all over the World, and a second citizenship by investment. He is committed and passionate about teaching you these topics.
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In this video we discuss the differences and similarities between Singapore, the southeast Asia city state with the second best passport in the World, and Dubai, the futuristic desert city in the United Arab Emirates with 0% taxes and the best business environment in the world.
Which city is better for a wealthy individual?
I discuss the differences in people, ease of doing business, tax rates and tax policies, culture, second passport and second citizenship possibilities and many more. We will try to determine which is the best city to live in the World.
Mentioned in this video:
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Other related people in this topic:
Nomad capitalist, offshore citizen.
DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.
Even though I'm not a millionaire as of now, I'm addicted to your videos.
preparing beforehand
You didn't cover major important things
Health
Education
Safety
Aiyyaa waste of my time watching 😢
As someone who lived in both countries, the video is completely spot on.
Thank you for that, means a lot !!
Singapore is very safe and has the best transportation systems,well established,planned city unlike just an outer showoff like dubai
You are correct there! Dubai and UAE has adopted some systems from Singapore with the recent one being the casino in progress in Ras Al Khaimah; one of the 7 states in UAE
Singapore its build without natural resource but dubai build with oil money, this is so different Singapore's progress is in the hands of the people.
@@nettyincSingapore imposes a $100 entry fee on its own residents to the casino because they’re ok with tourists and rich people coming to gamble, but its own local residents must be deterred from such vices! 😂 when I was a student in high school, the MBS casino was still being built. we had to write so many essays about this policy
@@Itsvivx99 lol Dubai does not have oil, Abu Dhabi has oil!! Dubai was built without oil money. Also Algeria, Iran, Norway has lot of oil, why haven't they built anything world class like Dubai?
I will prefer what you call showoff Dubai over Singapore any day lol in Dubai no tax, very safe and I can buy a car. Singapore needs public transport because you need a permit to drive a car and that alone will cost 50k to drive a 60k car.
Singapore also recently increased their property taxes which in on an uptrend. They are also seriously debating on a Wealth Tax and how to more effectively tax wealth in addition to the current property tax, luxury car tax
Thanks man, this is really useful
great info
I'm waiting for your video on e2 visa
Singapore is where I would chose to live IF I COULD. But they don't make it accessible with residency, bank, cars etc. Therefore I happily live in Dubai instead. :) With current policies, Dubai has more head room to grow IMO and could surpass Singapore in most aspects other than the rain forests.
As a singaporean, i must say all the info you presented is on-point. nice work, @wealthyexpat
Thank you, that means a lot !!
I'm not Singapore also not Emirati but Singapore its look like better for me, dubai Just like a city showing off (luxury,Rich people), And there are also many bad sides where migrant workers are treated badly.
Singapore treats migrant workers just as bad lmao
Singapore is bad for people who want dual citizenship. I was born in Singapore but now I want dual citizenship but I can't
@@scienceandartclub If it's anything like Japan then they usually don't enforce this unless you are working for government.
@@riptyurass302 No. They won't let you even as a regular person. They make you have 1 citizenship or they revoke your citizenship.
2:04 eve with all that, I'm still not doing it, that's too much. But being the second best passport as you say, it's understandable.
What would be the charges for dual visa DMCC crypto trading license and bank account along with your consultation?
I live in Dubai. Not a millionaire but love the vids.
Well done. Love your honesty. Keep it up.
man i love ur videos
We Asia love Singapore 🥰❤️
اختار الامارات
Many in Asia like me love Dubai for no tax and best quality of life 😍😍
When you asked me Singapore or U.A.E well I have been in both the countries this is my take out of my experience
When it comes to jobs for Software Engineers, Banking ,Telecommunications, Retail, Ecommerce and Technology - Singapore
Oil and Gas, Finance, Retail, Automobile, Construction, Sales - U.A.E
To interact with local community - Singapore you will easily have the opportunity to interact with local community.
In U.A.E the population of expat community is higher when compared to local community and its not that easy to approach a local unless you work in Government companies in U.A.E as of what I had experienced in 2016
Education and Universities - Singapore
Housing/Rentals - U.A.E
Owning a car and Driving Cars - U.A.E
Public transport and connectivity (MRT, Buses) - Singapore. You can easily manage with public transport and bicycle and don't need cars
PR/ Citizenship concept / Possibility to stay longer - Singapore
Entry requirements easier - U.A.E
Food and Restaurants - U.A.E as you can find any kind of restaurant in U.A.E
Outdoor activities - Singapore. U.A.E possible during the winter months
Weather - Singapore U.A.E - November to February
Nightlife - U.A.E, Singapore
Shopping malls - U.A.E because of Dubai mall Burj Khalifa, Festival City, Yas mall
Ultimately cannot get best of both places in one
PR/ Citizenship concept / Possibility to stay longer - Singapore
Singapore used to be extremely easy to get PR on citizenship track until the 1990s. No more. Singapore doesn't need or want you. You need $300-million there (global investor), soon to be increased to $500-million, to be taken seriously in Singapore. We already have the founders of Facebook, Google, Dyson, Alibaba, and countless others. Here for the financial efficiency, privacy, comfort, safety, efficiency, prestige, security, and the low-key family-friendly lifestyle. When you're older and truly "wealthy" (at least 1-billion plus, like thousands of people here have YES), you do NOT want a party town & traffic. Dubai has a semi-dodgy financial reputation (weak KYC, AML, and accepts russian money), and with what I know is in the works in the West, most countries like that will find it difficult/impossible for anyone there to send money out. And the US is gonna ban converting crypto or crypto-sourced funds into USD before long in order to retain US financial hegemony. So bottom line is that Dubai is a Singapore-wannabe, but NGMI unless Dubai becomes an international financial center, which it's NOT on track for yet.
Please make a video Dubai vs Hong Kong for zero tax. I love Hong kong.
plz make a video for taiwan
I keep watching your videos hoping one day I'm gonna be a millionaire hahaha
Thanks for making this video. A small successful city country like Singapore with zero resources is indeed honored compared to a big one like Dubai🤨As such, the glory goes to Singapore 🤗
Dubai It used to be built because of oil, but Singapore is really from zero natural resources and became a country like this, Kudos to Singaporean
The biggest drawback for Singapore is the mandatory National Service (Military Service) on your future male children. A male, who obtained Singapore Permanent Residency/Citizenship, is not subject to NS but future generations of male children/grand children/great grandchildren/etc… will be subject to NS.
In Dubai, there’s no mandatory Military Service for male Resident Permit holders and their future male children/grandchildren/great grandchildren.
Do you help with setting up business in Bahrain ?
Unfortunately no but maybe in the future
As an American what is the longest amount of time you can stay in Singapore? 1,2,3 months?
30-days as a tourist. It can be extended on application but it’s not guaranteed.
Im from Bangladesh 🇧🇩
You forgot to mention that a Singapore Permanent Residency (PR) carries a National Service (NS) I.e military service liability for your male children for lifetime
Yes this along with a dual citizenship ban can make it a bad place to live for most people. If you have a somewhat decent citizenship already, Singapore citizenship isn’t worth it.
So a person that wants to make money and save, or network with the elites, which is the best country to go. Dubai or Singapore?
Singapore😍
Dubai to live single - party, date, save some money.
Singapore to live with family - outdoor life, slower pace, healthy lifestyle.
But there's barely any women in Dubai, no?
@@nIrUbU01 au contraire my friend
Bruh what, half of Russia is in Dubai
@@WealthyExpat 😏
@@AnonDa Oh, ok, I thought that the male/female ratio was like 1/3
💙 end Match ⚽️ uae 10 - 1 Singapur
Dubai is my next home, I’ll buy property and have my retirement keep me busy.
Cheers
My guy needs to hit up The Beard Struggle… am I right!?
dubai is the best for me😉👍
Dubai municipality is building a lot of green areas and parks.
UAE is full of natural stuff, but nobody cares about them.
The Wadis In Hatta and Khorfakkan are just amazing.
The Jabal Jais mountains in Ras Al Khaimah offer spectacular views.
Al Ain has grassy mountains, and it actually snows in the desert!
Trust me whenever I get bored, I just drive to those places!
🇧🇷Soon will meet you 👍🏼
Dubai. Period.
Agree.
Neither cities.... lived in both 🤷♂
Singaopre all the way!!!
Singapore is a beautiful version of Africa nature ❤❤❤❤❤
The biggest drawback with Dubai is that THERE IS NO RAIN. Three HUNDRED AND FIFTY bright sunny days EVERY year, one after another, can get HORRIBLY ennervating. Unfortunately there is nothing Dubai can do about this (or they actually would have - I'm serious !) Singapore has rain showers every other day, but relatively few 'rainy days' when it rains through the day, intermittently.
well, the government will make it difficult for indians to get citizenship in singapore if they have PR. My parents have been living here for 20 yrs in singapore and yet they never received citizenship. the chinese who are the majority often get the citizenship. it's very difficult to get citizenship plus get jobs here. Many Indians have left Singapore because the condos and hdbs are very expensive and are struggling to pay the fees. my parents managed to buy landed property and own their own house. If you wanna put this on rent then you have to be citizen which is a big problem.
so they managed to purchase landed property without being citizen but cant rent out? sounds crazy
Not really true, if you come from China Singapore would also make it very hard to attain citizenship. It’s only when you have a ‘strong’ passport already typically from a western country or Taiwan where the government will fast track your progress to citizenship. Very common in Asia where there’s a ‘pecking order’ where if somebody immigrates but does not have a high citizenship status they are seen as taking advantage of becoming a Singapore citizen, whereas someone who already has an Australian citizenship or similar and renounces it for Singapore is seen as more loyal.
I ❤Dubai ❤️❤️❤️
Malaysia is the best choice for myself, close to my favorite countries, very cheap place, amazing food, easy to get a residence after investing in an apartment (200k), territorial tax.
Never heard about the residence after investing in property in Malaysia. Where can I find this information?
@@saifalarabi4491 MM2ndhome programme
Cheaper place is to the expats benefits but actually is because the average salary of the country is less
@@andikadaniswara7106 thats is a temporary
is this video about Malaysia?
As a foreigner, Dubai is better. Singapore dont give chace for the foreigner. There are many restrictions if you are not Malaysian or Chinese especially PR.
If Japanese tend to think in minimalistic manner, then Arabs like to think in simple and straightforward manner. We just don't like to make things complicated without a reason.
Why did you mentioned Japanese when Singaporeans is a multi-ethnic country, the majority are Chinese, Malays, Indians and Eurasian.
I am a Forex trader, love to relocate to Singapore, how do I go about it ?
Bruh how much you making?
Even I am a forex trader… man it’s my dream
Singapore can NEVER be replicated. NEVER.
You didn't cover major important things
Health
Education
Safety
Aiyyaa waste of my time watching 😢
You were completely wrong about Singapore being boring - There are beach clubs, lounges, night clubs, every bar concept from around the world, concerts, events just like Dubai - And you can walk around drinking alcohol from the 7/11 like a regular city unlike Dubai which is Islamic. It just gets boring after a while in Singapore because it's a tiny city and you run out of things to do.
❤️Dubai ❤️ is King 👑❤️
Singapore 🇸🇬 for sure
There's a bus that goes from Malaysia to Singapore, and Malaysia has most of what Singapore has. Malaysia is the only place that felt like home when I stepped off the plane for the first time...
Dubai, I worked there, on a government project, near the Royal family. So I got hooked on dubai. Dubai is around 6 hours ish to most places, and as the man said, there's lots to do. Nobody owns the earth, and you ain't taking it with you. You never know what tomorrow will bring. If you have 2 options, choose the easier one.
I bet you love Mongolia too
Absolutely don't agree about the similarities between Singapore and Malaysia, living in KL was absolute shite
@@marw9541 Poor you! Does it really warrant a one word response? How long was you there for? To sum up a place as "shite", that's your opinion, but I didn't at all have that experience. Out of interest, what's your ideal place?
@@marw9541true cant compare SG to kuala lumpur.. so messy. KL is just like the poor version of dubai. Crying for attention
Malaysia and SG share similar cultural roots and ties but over the last few decades … the difference in living standards has become extremely different. You can pretty much get most international brands in Singapore. Moreso than in many other big cities like KL, Bangkok, and even Sydney.
Dubai all the way without any hesitation ❤️❤️❤️🇦🇪❤️❤️❤️
Singapore no counter
Both are the best safeboxes in the world
You omitted the facts regarding ownership of property in Singapore.
UAE is still the bestm.
You said in the video(7:39) that UAE is trying to combine city and desert. You might mean city and nature.
Agree. In Dubai, you can own freehold properties. In Singapore, only leasehold properties are available to both locals and foreigners.
I still haven’t found a video about how Dubai is for a family on an American blue collar salary. All the videos have talked about how you can live there if you have “baller status”.
Singapore has a fair system of law, whereas in Dubai the cops and judges always side with the local.
Can one retire in dubai with 1 million?
UAE true PR let alone citizenship.. what are you talking about? where is the proof may be only for Ultra reach or Ultra top in field like sports people actors
Dubai, most flash yet couldn't even afford a decent steak dinner.
Man Singapore locals are so humble and accessible than in Dubai where ladies are for locals not and 24 hrs inside their houses 😂😂😂😂 so big up to ❤❤❤❤ Singapore forever 🔥💯👊
Singapore all the way
As a singaporean myself, i would recommend people to look at Singapore from a resident perspective and they will find out that rent and living expenses here are higher than dubai and many people here cannot buy cars due to government restrictions. The media shows singapore as a superiority over dubai, but i would personally live in dubai because i can get the same if not better life but for much much cheaper
I recently asked you a question about $800 / month apartments to rent in Dubai and if you knew if there are any, which are not in horrible condition. The question is under the best places to live in Dubai.
I wrote the question once.
I never received a reply.
Then, I re-addressed the question to you.
I still have not gotten a reply from you.
The favour of a reply is greatly appreciated, from ANYONE.
Discovery Garden area check or check on diera
🤣 style is not for sale
Singapore is nothing as compared to Dubai.
Dubai Is Next Level 🔥🔥🔥🔥
Lol. Such a rookie comment. Singapore is far off better than Dubai. Dubai is actually a Singapore wannabe
@@endi4654I have been to both countries after that I comment ok
Lol if ur a trillionaire its actually quite easy to build dubai. Just hire migrant workers, find a flat desert n boom its dubai.
In singapore u gotta plan since the 70s how to make the average income live comfortably n easy excess to everywhere...
Neither one of those two cultures attract me.
you talk too much. no conclusion. Always make confusion.
Singapore sucks, I'd rather be in Kuala Lumpur. I've never been to Dubai.
🤣
I don't like Singapore work culture. Asian parent ethics are still prevalent in Singapore
If one is looking to date asian women, Singapore is better.
Is it? Lol 😂
@@nettyincyes im born in SG n my parents from saudi mixed indonesia. Singaporean women are easier then dubai. I mean not as shy
Both have very strict laws and aim to be futuristic cities not to say that they already are, that is the price of wealth strict laws but if you want a green city, quiet, amazing food Singapore but if you want a more ostentatious city with luxury everywhere and more popular choose Dubai. My country Ecuador has an enviable variety of biodiversity and landscapes very delicious food imagine if it had the skyscrapers, luxuries and green places all over its territory like Singapore and Dubai would be the most beautiful country in the world but today we are an insecure and underdeveloped country