Basically every company that does online business like marketing/consulting etc pays Corperate tax only a few freezone companies don't pay corparate tax like shipping companies or funds etc, it's 9% above 102K USD. You can ofcourse have some deductibles with salaries but do be ware almost everyone who does online business pays. It's nothing compared to EU/UK though
Would have been nice if you included why taxes are higher in UK. There’s no comparison between a country that provides you free healthcare (even with long waits) and take care of millions of non earning immigrants.
I’m super interested in moving to Dubai or somewhere with better weather and tax. My business is making £200-£300k per year profit and I can run it anywhere. 26% corporation tax and 40% dividend tax is killing my hard work. You need a roommate for a few months? I’m too scared to pack up and move to test it 😂
Maybe go for an extended holiday and see if you enjoy it? Try looking at it from a perspective of living there instead of being on holiday. Would probably go a long way in getting over any worries you may have
Be careful about starting a company through an agent, you'll pay much more both in the setup and yearly costs forever. Idk about all free zones but mine provided me with a manager that handled the whole process for me basically. An agent could not have made the process any easier tbh. Get the investor visa (can be done with a normal business too) so you only have to visit the UAE every 12 months instead of every 6 months. About living there I'd say it's much more expensive that you'd think. Only things like gas, taxis, electronics and home deliveries are cheap. For everything else you're paying 40-300% more than European prices. So you feel like you're getting scammed on a daily basis. The air quality is terrible, you'll probably be craving fresh air but there is none. A/C being on everywhere is good and bad, as it's unhealthy to breathe A/C air constantly. The women that move to Dubai are generally not good people so if you move there single and hoping to find a quality woman you'll have terrible odds.
I couldnt agree more with the final point lol. Im genuinely ready to fly back to my 3rd world home country in search for a wife instead of getting in a relationship with some of the women you find here.
I'd much rather see your day to day living, the cost of transport/ubers, cost of groceries / going out to restaurants etc. All these Dubai videos i see from influencers / entrepreneurs is just them talking about 0% tax, as if thats the most important thing there is, lol. For example, i live in Danang, Vietnam, and my apartment is £130 per month, food is dirt cheap, and the quality of life is very high, also a very rich culture and old cities, whereas Dubai is a quickly-constructed megacity that is certainly not cheap by even western standards. Anyway, each to their own, but i just notice this trend, whenever someone mentions Dubai, the tax thing is not far behind, and seems to be the main motivating factor.
it's encouraging. But could it be because he's speaking from the point of view of someone with a British passport? I have heard stories of people hardly breaking into something because they have weaker passports or are prejudiced due to their country of origin given a diversified set of skills or at least one where one is very good.
Erm second? Didn’t know we still do this haha. Great video. Lot of pros as opposed to cons in moving to Dubai. We’re looking to move to Dubai within a couple of years In’Sha’Allah. Not easy when you have a family. Let’s see what the future holds
The prices in Dubai are extremely expensive on everything ( Housing, food, self care, school ) despite the ZERO tax system. My understanding is when a country has low tax system the prices are considerably affordable, but Dubai isn’t it.
This literally couldn’t be more untrue. Compared to western cities, which I specifically specified, a lot of things are cheaper. Especially housing, food and self care.
Getting a car for myself in Dubai is something I’m unsure about. In Australia I have an Audi but to rent an equivalent car in Dubai seems like it would be extremely expensive (if renting on a monthly basis). Can anyone advise on what they do about cars?
Hey, Oliur, really loved this episode, why dont we catch up for podcast episode in Dubai? Just a week ago did a nice one regarding real estate and I m specialising in branded residences and high end properties. Let me know if sounds interesing
It's actually pretty safe tho? You are still wrong. Women walk alone at night and have picnics with their families. You can leave your stuff unattended and the stuff will still be there
My G wants the life of luxury and he can afford it. Why not. Minimalistic is clearly not his style anymore. Before you know it his gonna have a colorful iPhone case🤣
What if I own a private label online store Can I order products from China and package them in Dubai and ship them to customers Also do I have to give up my uk SIM card ?
You can and you don’t need to give up your SIM card, just change the status of the SIM card to pay as you go unless you want to pay monthly to the phone provider in the UK
Hey Oliur , really nice video ! I was wondering if I could help you with more Quality Editing in your videos and also make a highly engaging Thumbnail and also help you with the overall youtube strategy and growth ! Pls let me know what do you think ?
Spend all your life benefiting from the taxes that educated you, took care of your healthcare, security and your community, only to runaway from the same responsibility you have to your community when you become a high earner
I've actually contributed more in taxes than I have benefited from them. Not a problem, happy to contribute. However it literally would have been cheaper for me to pay for my education and healthcare myself. Security in the UK is terrible.
@@OliurOnline I agree that people should be able to make decisions about relocating for whatever reason that benefits them, but for me, running away from taxes is one of the least noble reasons. Not saying that you did this for that very reason, I’m sure there’s many nuances to your story. However, the UK has a lot of good going for itself and its people. It’s a complex society that is bound to have issues, but it’s up to it’s residence to solve this issues through social participation, taxes included. Healthcare in the UK has benefited quite a lot of people, you included, you’ve documented how your cancer treatment was only possible through the taxes you contributed to. Security has its challenges, but isn’t the worse yet, and it’s about community participation to resolve this. I think, looking at it from purely an individualistic POV is a bit selfish, if I’m being honest. The taxes are to benefit everyone. But, to each, their own.
Then go pay your taxes. At some point you will realize you can't eat taxes. I don't own the country taxes. Why? Back in the day my father worked. The money he put to the side through taxes was what payed my education. Why do I own the country anything? I don't. We are already square. Taxes are not magic money from space. If taxes didn't exist then my parents would have payed for school directly. This is such a flawed argument. The problem is the state is completely missmanaging the money, so the larger the share of taxes, the more the country declines. It's a naturam thing because if you yourself would decide where to allocate money most efficiently for you personally, the stonger this is communalized, the less decision making you have. The decision making is outsourced to higher instances, in this case the state, who know less about your personal life, thus resulting in an inefficient allocation of wealth. Thats why communism failed and why high taxes are killing europe. Keep in mind, VAT didn't exidt bsck in the day, neither did an income tax.
17:35 Yeah but the other side of Dubai doesn't look that much appealing honestly, closed communities, foreigners/indians only neighborhoods, full dependency to cars, etc... but yeah if it works for you then great.
Oliur, someone definitely is misleading you because every business (except a very short list of activities such as wealth funds and shipping operations, etc.) that makes over 375k AED in profit has to pay the 9% on profits above that amount! Note that you can deduct business expenses and a reasonable salary.
You are right about that. I’m fully aware. I should have clarified, the way you can get around that is by simply paying everything out of the business to yourself. So that you pay the least amount of tax.
@@OliurOnline oh nice, that's good then! Only thing is the government does want you to pay yourself a "reasonable" salary, but they haven't exactly defined what that means. The accepted version is that you should technically not significantly exceed what you would pay someone else in Dubai to do your job at your level of experience. But there's a lot of opportunity to still have lots of business expenses that bring your profit down. For example, it's not unheard of for the business to pay for your accommodation as part of your salary package. I'm sure you have access to great accountants, but just wanted to give you my perspective as well since I'm in the same boat and did my fair share of research & consultations. In my case, I also qualify for Small Business Relief for now, so I get to pay no tax this year, but that's only if your company makes less than 3 million AED in total revenue per year.
@@OliurOnline It is not as easy as paying youself 1M with 1M revenue because why would a CEO/Someone who works in a company get all the money of the business, it has to be a realistic amount
@@dami1219 that's not correct actually, every business has to pay it except for a very specific list, but you have to have more than 375k AED in profit and it only applies to the amount above it's the VAT that you don't charge if you work with foreign businesses
@@alexandrudodon1 Cant you do what nike and other massive companies do have a bank and business in another low tax country and have your main company in Dubai selling stuff in Dubai then all the money goes to the other country account as payment for say the logo like nike does. then u pay minimal to no tax
So we're now completely ignoring the bullshit happening in this shit hole of a country for tax benefit reasons? I get that you'd wanna move somewhere that does not tax you as much, but you gotta have some level of dignity
Well, not everyone wants to live well 😂 Dubai is not for everyone, but I could tell you the same thing: I would still choose Dubai even if it had a similar tax as UK.
Master bedroom for me. One bedroom my office. One bedroom my studio. One guest room. The bedroom isn’t even really a bedroom because it’s tiny and considered a maids room.
Moved to Dubai last year and honestly its been the best decision of my life.
Wow. Didn’t expect S2G in the comments lol. Nice to hear you’re in Dubai too. Would love to see your new set up.
S2G one of the career mode goats
Its been mine too!
I'm with you on the heat! 100% I'm from the UK & living in Thailand, where it rarely gets below 30 degrees and with humidity it's an absolute killer.
Moved at the same time from the UK, and totally agree with all the observations. Dubai keeps you on your toes!
100% Keeps you on your toes
Thank you for putting this objectively and respectfully for public.
Basically every company that does online business like marketing/consulting etc pays Corperate tax only a few freezone companies don't pay corparate tax like shipping companies or funds etc, it's 9% above 102K USD. You can ofcourse have some deductibles with salaries but do be ware almost everyone who does online business pays. It's nothing compared to EU/UK though
Lived in Dubai for over a decade as a content creator and creative - and really interested to see how you're finding Dubai
i think the background music volume in the last two videos is too high and kind of distracting tbh. otherwise great vid as always
Would have been nice if you included why taxes are higher in UK. There’s no comparison between a country that provides you free healthcare (even with long waits) and take care of millions of non earning immigrants.
Imagine paying taxes to get beheaded or stabbed by a roadman😅 + healthcare in dubai is relatively cheaper than in the uk
I’m super interested in moving to Dubai or somewhere with better weather and tax.
My business is making £200-£300k per year profit and I can run it anywhere. 26% corporation tax and 40% dividend tax is killing my hard work.
You need a roommate for a few months? I’m too scared to pack up and move to test it 😂
Maybe go for an extended holiday and see if you enjoy it? Try looking at it from a perspective of living there instead of being on holiday. Would probably go a long way in getting over any worries you may have
What kind of buisness you actually do Actually?
@@deezmemes007 It’s a Virtual Reality/AI business in the entertainment/broadcasting niche.
@@bm__78699 good suggestion, but I would say don’t live in the touristy locations, get AirBnB and try a more residential area.
Go ghdre for vacation 1 week. Use careem, talk with taxi drivers, learn. I loved it.
Be careful about starting a company through an agent, you'll pay much more both in the setup and yearly costs forever. Idk about all free zones but mine provided me with a manager that handled the whole process for me basically. An agent could not have made the process any easier tbh. Get the investor visa (can be done with a normal business too) so you only have to visit the UAE every 12 months instead of every 6 months.
About living there I'd say it's much more expensive that you'd think. Only things like gas, taxis, electronics and home deliveries are cheap. For everything else you're paying 40-300% more than European prices. So you feel like you're getting scammed on a daily basis. The air quality is terrible, you'll probably be craving fresh air but there is none. A/C being on everywhere is good and bad, as it's unhealthy to breathe A/C air constantly. The women that move to Dubai are generally not good people so if you move there single and hoping to find a quality woman you'll have terrible odds.
I couldnt agree more with the final point lol. Im genuinely ready to fly back to my 3rd world home country in search for a wife instead of getting in a relationship with some of the women you find here.
Can you elaborate on what's wrong with women in Dubai?
I'd much rather see your day to day living, the cost of transport/ubers, cost of groceries / going out to restaurants etc. All these Dubai videos i see from influencers / entrepreneurs is just them talking about 0% tax, as if thats the most important thing there is, lol.
For example, i live in Danang, Vietnam, and my apartment is £130 per month, food is dirt cheap, and the quality of life is very high, also a very rich culture and old cities, whereas Dubai is a quickly-constructed megacity that is certainly not cheap by even western standards. Anyway, each to their own, but i just notice this trend, whenever someone mentions Dubai, the tax thing is not far behind, and seems to be the main motivating factor.
it's encouraging. But could it be because he's speaking from the point of view of someone with a British passport? I have heard stories of people hardly breaking into something because they have weaker passports or are prejudiced due to their country of origin given a diversified set of skills or at least one where one is very good.
100%
Being from a western country makes it much easier to move to Dubai. It’s the type of people they want.
@@OliurOnline I have been to Dubai 2 weeks ago and it really is complete mix of all countries
Seriously debating having Dubai as one of my hotspots to live.
Highly recommend! I moved in April of this year and my only regret is not coming sooner.
I second this ^
What sort of jobs do people move for? Do they have banking contract jobs on day rates?
Erm second? Didn’t know we still do this haha. Great video. Lot of pros as opposed to cons in moving to Dubai. We’re looking to move to Dubai within a couple of years In’Sha’Allah. Not easy when you have a family. Let’s see what the future holds
The prices in Dubai are extremely expensive on everything ( Housing, food, self care, school ) despite the ZERO tax system. My understanding is when a country has low tax system the prices are considerably affordable, but Dubai isn’t it.
This literally couldn’t be more untrue. Compared to western cities, which I specifically specified, a lot of things are cheaper. Especially housing, food and self care.
To create a company do you need to show active accounts or can you set up a brand new company and employ yourself?
Great video mate and Dubai is lucky to have you 😉 See you back there soon again 👋
The question is though, what are you driving over there? Or what do you hope to be driving soon enough? All the best.
Thank you so much for sharing your experience with us. It's more useful.❤
I have an opportunity to move to Dubai for work and this is exactly the type of video I needed to see ty!
So you basically threw a bunch of money at all the potential problems and then didn’t really notice any particular problems…. Thanks for the share
Dubai is a collection of foreign millionaire entrepreneurs and poorer local citizens. It seems like a good place for wealthy business people.
Getting a car for myself in Dubai is something I’m unsure about. In Australia I have an Audi but to rent an equivalent car in Dubai seems like it would be extremely expensive (if renting on a monthly basis). Can anyone advise on what they do about cars?
Hey, Oliur, really loved this episode, why dont we catch up for podcast episode in Dubai? Just a week ago did a nice one regarding real estate and I m specialising in branded residences and high end properties. Let me know if sounds interesing
What’s was the name of the company that set everything up for you there?
Awesome video dude
great gym gains! keep it up
5:35 do stuff in the evenings - anti-simple
Moved to dubai for a work opportunity, it has been amazing so far
Did you apply for a work visa
@OliurOnIine how
Would be great if you did a video on a basic camera setup for starting RUclips. Great video as always!
Great video !
Yeah you confidently say Dubai's really safe but you moved to a place with private security
Because I have an online persona? I don’t want random people knocking on my door 😅
@@OliurOnline Fair enough haha, thanks for actually taking the time to respond!
It's actually pretty safe tho? You are still wrong.
Women walk alone at night and have picnics with their families.
You can leave your stuff unattended and the stuff will still be there
I'm currently in Downtown Dubai, paying something similar to you but for a 2BDR. Mind me asking what area you chose to rent the villa in?
$5,600 a month on rent is madness! Especially for a single man!!
My G wants the life of luxury and he can afford it. Why not. Minimalistic is clearly not his style anymore. Before you know it his gonna have a colorful iPhone case🤣
Love ittt!!!
Do you need a video editor bro?
I can do a sample video :)
Im so tired of paying what could be rent in a place like Dubai, and more, in taxes every single month.
I’m curious to know how this guy makes his money…
What if I own a private label online store
Can I order products from China and package them in Dubai and ship them to customers
Also do I have to give up my uk SIM card ?
You can and you don’t need to give up your SIM card, just change the status of the SIM card to pay as you go unless you want to pay monthly to the phone provider in the UK
@@adventuresofabs thanks 🙏
@Rebecca-qg8pb Use a 3PL.
Hey Oliur , really nice video ! I was wondering if I could help you with more Quality Editing in your videos and also make a highly engaging Thumbnail and also help you with the overall youtube strategy and growth ! Pls let me know what do you think ?
Any plans of organising a Dubai meetup? 👀
We all want to party in Dubai with Oliur! Don't forget to bring the most minimal aesthetic golden like pristine gadgets!
to set up company cost 50k aed? in Uk only £10
You want to check your figures, it is now £50 in the UK
Serious question, why do you need so much living space?
8 years and counting! Nothing will ever come close to life in Dubai
Honestly, your worth is only due to your western passport.
@@rawahakamran9544how did you know he is western
@@mossessolomon441because he’ll never write this comment if he wasn’t.
@@MahmoudOscar98 that's logically incorrect.
@@mossessolomon441 But factually correct.
You been hitting the gym, big bro?
fr, that bicep vein is poppinggg
Dubai is best for investments
dubai has safety + no taxes. there’s not really anything else you need
300k aed yr isn't a lot for villas
True.
I would’ve moved forever ago but I’m an American. We get taxed by our federal government if if we live or earn in another country 😬
bro plz get rid of the background music…….it’s super irritating 😖
What type of business do you do?
Why didn't you choose Bali? I see most of the Digital nomads prefer Bali over any other country.
I've read that Bali is changing some laws recently related to digital nomads and taxes, maybe that's why
Yuksss 🤮
not agree, compare to America, UAE is way more expensive.
Do you have any examples?
There's no major city in US that is cheaper than Dubai.
Careem is owned by Uber :D
lol
now you just need to buy a new ferrari in dubai!
Right 😂
He has a porsche gt3 if I'm not wrong in dubai.
Saw a vid where he is flooring it with a bunch of other cars
Money can solve all the problems but life and death.
Spend all your life benefiting from the taxes that educated you, took care of your healthcare, security and your community, only to runaway from the same responsibility you have to your community when you become a high earner
I've actually contributed more in taxes than I have benefited from them. Not a problem, happy to contribute. However it literally would have been cheaper for me to pay for my education and healthcare myself. Security in the UK is terrible.
@@OliurOnline I agree that people should be able to make decisions about relocating for whatever reason that benefits them, but for me, running away from taxes is one of the least noble reasons. Not saying that you did this for that very reason, I’m sure there’s many nuances to your story. However, the UK has a lot of good going for itself and its people. It’s a complex society that is bound to have issues, but it’s up to it’s residence to solve this issues through social participation, taxes included.
Healthcare in the UK has benefited quite a lot of people, you included, you’ve documented how your cancer treatment was only possible through the taxes you contributed to. Security has its challenges, but isn’t the worse yet, and it’s about community participation to resolve this. I think, looking at it from purely an individualistic POV is a bit selfish, if I’m being honest. The taxes are to benefit everyone. But, to each, their own.
@@lvsekareally changed my perspective on this topic tbh
Then go pay your taxes. At some point you will realize you can't eat taxes. I don't own the country taxes. Why? Back in the day my father worked. The money he put to the side through taxes was what payed my education. Why do I own the country anything? I don't. We are already square. Taxes are not magic money from space. If taxes didn't exist then my parents would have payed for school directly. This is such a flawed argument. The problem is the state is completely missmanaging the money, so the larger the share of taxes, the more the country declines. It's a naturam thing because if you yourself would decide where to allocate money most efficiently for you personally, the stonger this is communalized, the less decision making you have. The decision making is outsourced to higher instances, in this case the state, who know less about your personal life, thus resulting in an inefficient allocation of wealth. Thats why communism failed and why high taxes are killing europe. Keep in mind, VAT didn't exidt bsck in the day, neither did an income tax.
maybe my comment changed your perception again? Hm. Don't get fooled, he ignores half the side of the coin.
17:35 Yeah but the other side of Dubai doesn't look that much appealing honestly, closed communities, foreigners/indians only neighborhoods, full dependency to cars, etc... but yeah if it works for you then great.
Oliur, someone definitely is misleading you because every business (except a very short list of activities such as wealth funds and shipping operations, etc.) that makes over 375k AED in profit has to pay the 9% on profits above that amount! Note that you can deduct business expenses and a reasonable salary.
You are right about that. I’m fully aware. I should have clarified, the way you can get around that is by simply paying everything out of the business to yourself. So that you pay the least amount of tax.
@@OliurOnline oh nice, that's good then! Only thing is the government does want you to pay yourself a "reasonable" salary, but they haven't exactly defined what that means.
The accepted version is that you should technically not significantly exceed what you would pay someone else in Dubai to do your job at your level of experience.
But there's a lot of opportunity to still have lots of business expenses that bring your profit down. For example, it's not unheard of for the business to pay for your accommodation as part of your salary package.
I'm sure you have access to great accountants, but just wanted to give you my perspective as well since I'm in the same boat and did my fair share of research & consultations.
In my case, I also qualify for Small Business Relief for now, so I get to pay no tax this year, but that's only if your company makes less than 3 million AED in total revenue per year.
@@OliurOnline It is not as easy as paying youself 1M with 1M revenue because why would a CEO/Someone who works in a company get all the money of the business, it has to be a realistic amount
doesnt dubai have 9% business tax?
That's really only if you serve dubai clients in the country but most nomads who work and get paid online don't need to pay this
It's called corporate tax of 9%, which he called out already.
Plus you're taxed only if you earn +100k yearly
@@dami1219 that's not correct actually, every business has to pay it except for a very specific list, but you have to have more than 375k AED in profit and it only applies to the amount above
it's the VAT that you don't charge if you work with foreign businesses
@@alexandrudodon1 Cant you do what nike and other massive companies do have a bank and business in another low tax country and have your main company in Dubai selling stuff in Dubai then all the money goes to the other country account as payment for say the logo like nike does. then u pay minimal to no tax
70% male population
So we're now completely ignoring the bullshit happening in this shit hole of a country for tax benefit reasons? I get that you'd wanna move somewhere that does not tax you as much, but you gotta have some level of dignity
If you care so much about it, what are you doing to fix it?
@@OliurOnline I‘m talking about UAE, not England
I know you are. You seem very upset about what’s happening in the UAE, so what are you doing to fix it?
Dubai is so safe as if you even jaywalk, you'll get the death penalty 💀
first
I'd rather pay the income tax and stay in London
Well, not everyone wants to live well 😂 Dubai is not for everyone, but I could tell you the same thing: I would still choose Dubai even if it had a similar tax as UK.
Unless you are paying 45% in taxes, it won't look worth it for me atleast.
Dubai is for the soulless
@@spo0ny2k that's a ridiculous statement. What does it even mean?
@@alexandrudodon1 no history, dead behind the eyes superficial people, high male population.
Second!!
Sorry uk sucks Dubai rocks
Dubai is a soulless place
Why do you live in a 5 bedroom without kids
Master bedroom for me. One bedroom my office. One bedroom my studio. One guest room. The bedroom isn’t even really a bedroom because it’s tiny and considered a maids room.