Same. 😂😂😂 I do the same thing. I am poor but so tired of it. I have been watching him for a few months now and I am already making new strides I never made in my life before. I opened up an investing account and allocating savings to proper uses in hope some day some day maybe I can be a client of his.
Heads up for everyone considering Milan… in Italy there is a very strict law about “esterovestizione” (basically owning a company that is registered and pays taxes abroad, but you’re managing it from Italy). Every nation has similar laws about it but Italy is particularly strict on it. Basically, If you own a foreign company more than 49.9% and have an active control and management in it, it’s an Italian company, period. Also, if they find you doing some esterovestizione, it’s a very big crime and you could go to prison. Even if you have the lump sum taxation, you’ll have to register your company in Italy… which has a 27.9% corporation tax + a lot of other problems (things like… you have to anticipate your taxes for the following year). So I’d suggest moving to Italy with the lump sum taxation only if your income is truly passive. (Source: I’m Italian)
@@fxorigins6624For retirement Thailand is much, much cheaper overall. School fees in Dubai are stupidly expensive and there's lots of hidden charges so you will pay more than you think
You forgot to mention just one thing to get UAE residence it's very easy takes few days sitting inside UAE, it is very cheap as compared to other countries and the biggest plus is the security you get in UAE is unmatched to any of the places you mentioned. In Dubai you can leave a million dollars/euros in you super car with the keys inside and powered on, no one would ever dare to touch it, you can drop anything anywhere and you'll find it right there, this is the reason why people prefer Dubai, specifically the people who are into cash rich business.
UAE is the safest country I've ever been to, there is no crime there...no one will ever steal your stuff and you can go walking around in any big city there at 2 AM and not have to worry about being robbed or killed.
I never shall forget that Dubai stayed open while everyone else was on lockdown. And that I dealt with Asians, Europeans, and Africans in Dubai, all wanting to make money. Thank you Dubai. Dubai now is like the Golden Age of NYC. Yes, I love other cities. But all cites closed, cruise ships parked, But Dubai stayed open. The party never stops in Dubai. So Dubai always is a worthy candidate for me.
@@Pelusacollective I was in Dubai throughout 2021 and 2022. Dubai was open while Europe was closed and Caribbean cruises were closed. I never will reside in Europe for this reason. I cannot trust Europe, anymore. P.S. I remember the curfews in Aruba in 2020: the kitchen would close at 8:00 p.m. to allow staff to get home before curfew. Granted, some restrictive measures; but, Dubai comparatively was open and DXB was open. I have too many sad worldwide memories from this time to mention in this reply.
Comparing Milan to Dubai is funny as hell , you risk getting mugged and everything else. Also as an Italian we have the highest taxes in the world, thinking that foreigners can avoid paying taxes while we pay 65% is outrageous.
Italians also hate Americans. Was there for four months and did not feel welcome, even after studying the language for three years and speaking my best.
You can pay lump sum tax in Italy. If you are making 1M and you pay 100K lump sum tax you are effectively being taxed 10% as foreigner. I'm surprised that you didn't know that as an Italian.
Dubai is the ultimate hotspot for business and entrepreneurs, offering a seamless online experience for docs and biz registration. Super safe for families and packed with endless indoor and outdoor activities, no other city comes close! Constantly improving, it's also an airport hub bridging Asia & Europe.
I traveled with Gulf air and was very impressed overall. Had a stay in Bahrain for few hours and it was really good. I would say Bahrain is underrated.
ive been travelling the world, Asia, Europe, almost full time for the past 18 years, the alps, london, Milan, Ski slopes of chamonix, the islands in the maldives, syndey, tokyo, hong kong, you name it, and all i can say is the place i cant get enough of is Kuala lumpur.
@@meetimian3383 Its a full blown city, but its so peaceful and quiet, not to mention everything is VERY affordable. Probably the cheapest destination of them all. Plus we love indian food which is everywhere. peaceful, cheap stylish city. Its not just me either, i here a lot of nomads have a similar opinion
40 years in Dubai. 2 boys born grew up educated there (UK Unni). One still there, he's 42 now. younger one left when he was 30. I retired recently. Go back regulary. Thank you Dubai for providing me with a liftime of memories.
@@bobnicholson4702 What I meant is after spending all these years and contributing to the nation people still don't get a TRUE PR and specially for children who grew up there unless they themself get a job or start a business if parents retire they have to go ! that could be sad
@@jiti5034There is no PR or Citizenship programs in the gulf unless you marry a local. or you should be an elite expert in sports, science, medicine etc.
For me zero taxes no complications in Dubai is a lot easier than figuring out whether or not you're tax free in KL. I love KL but it's not a simple tax free place. Territorial tax is complicated freezone is simple. Its gonna be a lot cheaper in KL than Dubai but it's still a developing country (it's one of the most developed developing countries that). Italy is my favorite country in the world but do I wanna be a resident there? Probably not. Tax wise I think Dubai is the best situation for me. 3 months of the year go to Thailand visa free come back to the UAE when the hot season is over.
I wouldn't rule out Muscat, Oman. Its an awesome place too when compared to Dubai, really chill and great ,great infrastructure, plenty of natural beauty & friendly people too.
Also being in Milan gives you ready access to Lake Como which is extraordinary beautiful. I love Dubai, Bahrain is so-so and Dublin but the weather in all those places is quite challenging. No place is perfect, but Italy has incredible culture, history and food. It has trains everywhere and easy flights out of Malpensa. As Andrew frequently says it's a question of what destination you connect with.
@@dimmacommunication Grazie sono vicino ad ottenere la mia cittadinanza italiana. poi vengo in Italia e compro una villa e la restauro. Voglio trovare una donna italiana con cui avere tanti figli.
Yes. Milan is industrial. MXP only is interesting because it gets EK A380 flights from JFK, and is close to beautiful Lake Como and Swtizerland, a fast train ride to beautiful Rome, and a quick EK A380 flight to DXB.
I think you've missed a few of the MANY reasons why Dubai is the best place to live. Effectively, zero crime. In any of the areas that you would spend time in, the crime rate is zero. Second, it's one of the most family friendly places on earth and everything is kid friend,. Third, you won't even believe how little bureaucracy they have there until you experience it. I can't tell you how many times I wanted to do "something" and had to ask them before leaving, is that it? Really? No other desk to go to? No other papers to file? They say, nope, that's it. Lastly, while the other places you mentioned do have entrepreneurs and social networks if you seek them out, Dubai is just on another level. There's a dozen reasons why Dubai is quickly moving towards being the best city on earth.
I mean it’s definitely not though that’s the thing, I mean you have numerous problems, to name a few: Muslim country (can bring some unnecessary friction for business), climate (50 degrees throughout sunmer.
@@jiti5034they stay, they go home or they move somewhere else. I grew up in dubai. The benefit is im cultured, have travelled and an expat so its much easier moving anywhere. But smart thinking, because my generation's parents had no idea what would happen to us considering dubai was supposed to be transient. A lot of my generation stayed though and have their own places in dubai now and are having their oen kids in dubai, while their parents retire and go wherever they want. And parents also have the same options. Many move home, or they move somewhere new or they stay in dubai. Many also have houses in more than one country. This is what happens when you become an expat for a long time = you legit become an expat and so do your kids. The downside is when the kids go home after growing up in another country/countries, especially without immigrating, many times its not home anymore. You end up a globally minded person with no proper home. But it also means you're free to pick where you live. Many times that will be either where they're from or where they lived, but many also choose where they want to go.
Dubai is an over indulgent playground for rich people and social climbers. It's not really an ideal place for people looking for a simpler more content lifestyle. Whenever I look at videos of Dubai, I just think fake opulence and materialism.
Partially true, but I don't care about that. What I care about is that the country I live in does not indoctrinate my kids into all kinds of idiotic ideologies.
They don't force atleast into LGBT sort of stuff. Safety is ultimate luxury in dubai. Anyone interested in pink salt or basmati rice,can contact me for further cooperation.
Hi Andrew, love your videos. Is there a chance you could do a video on the best countries to live when the dollar loses its exclusive world currency status, and the depreciation in the dollar that could cause. Thanks
don't worry, it's not happening any time soon, it's not so easy to create a world currency, it takes decades of building trust and confidence, it takes free trade of that currency, such a currency has to have been tried and tested in good times and bad, it takes many things, and it's not just about trade but also reserves, few countries even dared switch to Euro, let alone the yuan, especially with huge economic challenges China is facing.
Probably too many variables to make a good guess on that one. It would be easy to compile a long list of bad places to live, but a number of places could be the best depending on what happens.
I lived in Dubai in the early 70s (when very few people in the west had even heard of the UAE), then I lived there in early 90s. So much change. Good for them.
I stayed in Dubai for three months over Christmas, and I felt safe, and it has a lot going for it, but what I would say, is it's really a whole set of roads with buildings built on it, the most dominating thing about Dubai are the roads, so if you like living in this way, then great.
I’ve been to all of those cities and Dubai is by far better than all of them. But it’s hard to make friends, it gets lonely. You’ve got to spend at least $100 every time you go out and you have to drive 20-30 mins to get anywhere. Most people stay indoors, go to malls and nice cafes and that’s pretty much it. Even going to the beach is a tourist thing now.
@@douglasscovil3447 C'mon... I had plenty of Western friends, plenty easy to make friends there, did you actually try talking with people there and hanging out with them on weekends? I mean I might be slightly biased as an Arab, but it's plenty easy to make friends, spoke to this dude for 5 minutes, and all I knew him for was 5 minutes before we decided to go grab breakfast together and grab a coffee while he spoke to me about his entire divorce story and gave me plenty of life advice, phenomenal dude, hope he's doing well.
@@douglasscovil3447 you can make friends depending on your interest: artists meet in al serkal, fitness buffs from the gym, even skateboarding and parkour, fishing as a past time one will meet more, cycling enthusiast, and zumba or yoga circles in Dubai
Malaysia are good because near Singapore/Indonesia/Thailand/Japan/China Go vacation to Singapore , party in Bali Indonesia , explore Thailand , visit culture temple in Japan , go to China also For information Singapore/Indonesia/Malaysia are same ethnicity
Malaysia is considered a cheap country to live in.hope the situation remains.i hd been to europe n jpn but it all break my wallet.nothing to enjoy n their currencies are too high.
In Malaysia, you can live like a KING with an income of 5000USD per month. The up-market lifestyles in Dubai won't be the same if you earn 5000USD per month !😊
any given time i can squeeze more value from 5k USD living in Dubai than any place on earth. and with the peace and order guaranteed one will definitely feel like a king.
I am Australian living in Dubai and honestly I’m here for 2 reasons 1. I don’t pay income tax here but get hammered in Australia and 2. It’s extremely safe. You can walk the streets at anytime day or night and no one will even talk to you. But you can never become a citizen here, which makes it a little unstable, even though you can get 10 year visas.
I am Malaysian and love your videos but other than knowledge of options, I don't see myself exercising the options available elsewhere for now. I am happy to pay my taxes in Malaysia for now. 😊. But of course things can change and it is always good to have options. I just hope it's not in my lifetime. Keep up the good work. 👍
“Ireland is about to pass one of the most radical hate speech bills yet. Merely possessing "hateful" material on your devices is enough to face prison time. Not only that, but the burden of proof is shifted to the accused, who is expected to prove they didn't intend to use the material to "spread hate". This clause is so radical that even the Trotskyist People Before Profit opposed it as a flagrant violation of civil liberties. Dark times.” Just copy-pasted this from source
Dubai is the smallest place with the highest carbon footprint and they have exploited even the sea, what happened to the coral reefs when the world islands were built? And the palm islands were built? What is the carbon footprint to keep an ski slope in a mall when temp are a sweltering 40 deg.. touching 50 deg. Media is hushed down and is owned by right hand to royal families.
alot of westerns don't make sense when they talk about dubai, they can't believe that there is an Arabic country better than any country in Europe or north America
i live in dubai 8 years its very safe and the service is probaly the best in the world alos tax benefits of course but the down side is its very expensive and no nature
Dubai is the safest place to be no pickpocketing also like other places... Security and place is safe from natural disasters like floods earthquakes or wild fires.
Riyadh, Saudi Arabia is fastly changing and is a good city. In the next few years, it'll surpass Dubai, Abu dabi, Bahrain, Kual Lampour, Singapor, Milan, Dublin and those safe heaven mentioned...
1:12: 🤔Love this content, I understand Dubai is very tax friendly in free-zone, but if you live their for a while I think it’s getting boring… but that’s my opinion, other have other options……
Most of Europe seemingly not a good place to invest or stay in the near future considering the geopolitical situation we are in. The Ukraine War effect most of the European countries economically. IMF predicts Germany and the UK will be in recession this year while many others are in very slow economic growth
Ukraine war is not what's really affecting the EU. It's the self-sanctions it placed on itself while being largely reliant on Russia for energy, natural gas, and fertiliser. Simple economics.
Don't be mislead by "no tax" in freezones. The second you invoice anyone in the mainland - you do have to pay tax, provided that you have reached the threshold
I'm french lived in ireland for 12 years and left to bahrain 2 years ago. Ireland is a way too expensive now and the tax are quite high people are also more and more racist out there . Bahrain is very small affordable and the real estate very affordable . Its safe and people are overall friendly
Main things to do any business any where is Safety and stability of that place which dubai, Bahrain has the advantage over the other compared countries probably Singapore too!
Safety and security .. Arab countries are the safest places on earth .. and 0 taxes .. nothing can beat Dubai or Bahrain, saudi arabia I have lived in KL . It is a nice city .but there is high crime rate and the police are corrupt . You can bribe them easily .
@@sofiaglove yes you have to wear modest. May be a too big price to be safe? I think Saudi don't want westerner ppl anyway. They have enough Muslims to want to go there and enjoy the country wealth.
Hard to get into. High humidity. Many Locals will always resent you for not doing national service. Your children will have to do national service. They do national service because they are a small country surrounded by large nations who don’t particularly like them so long term safety is not assured. Still a very nice option in many ways. I wouldn’t turn down the chance to live there.
A few pointers that need to be corrected in this video... *Dubai has Plenty taxes! its just all included in the prices people pay, not labeled as taxes. *The largest number expat group are indians... followed by middle eastern arabs like Lebanese, Palestinians, Syrians, Jordanians... then come the european group. *Nobody leaves the Dubai or the UAE for 5months every year in summertime.... Hot months are 7 to 8 months long, people tend to travel and leave for 2 to 3 months over the peak time July to September
Hey, if you're considering investments in Africa, we recommend checking out this article: nomadcapitalist.com/finance/top-10-friendly-countries-to-invest-in-africa/
This may have been covered in another video, but given US persons’ special circumstances, where are some good considerations? Also, since you have (had?) ties to Istanbul, how would you rate it? Personally, I’ve found Turkey to be quite difficult to do business in. Thanks
Dear Andrew, I like you a lot and appreciate what you are doing but this Video is full of mistakes. You are saying that KL vs. Dubai the people are speaking more English in Malaysia than in a Mall of Dubai. I am living in Dubai since 8 Years and lived prior than that in HongKong, Singapore and also KL. This is just not correct. Furthermore there are plenty of Americans in Dubai. You should do a proper research please before you come up with such a stereotype of answer which is just not correct. I invite you on your next visit in Dubai to show you the city and drive you around in areas I presume you have never been to see where Americans are residing in Dubai.
I am poor but I still watch Nomad Capitalist's videos because I like to plan for the future.
Where do you see yourself in 5 years from now?
@@ImGodSoAreYou I see myself Watching Nomad Capitalist’s videos 5 years from now.
Same. 😂😂😂 I do the same thing. I am poor but so tired of it. I have been watching him for a few months now and I am already making new strides I never made in my life before. I opened up an investing account and allocating savings to proper uses in hope some day some day maybe I can be a client of his.
@@pranjalchaubey while smoking weed?
@@ImGodSoAreYou hey there god. Wassup
Heads up for everyone considering Milan… in Italy there is a very strict law about “esterovestizione” (basically owning a company that is registered and pays taxes abroad, but you’re managing it from Italy). Every nation has similar laws about it but Italy is particularly strict on it. Basically, If you own a foreign company more than 49.9% and have an active control and management in it, it’s an Italian company, period. Also, if they find you doing some esterovestizione, it’s a very big crime and you could go to prison. Even if you have the lump sum taxation, you’ll have to register your company in Italy… which has a 27.9% corporation tax + a lot of other problems (things like… you have to anticipate your taxes for the following year). So I’d suggest moving to Italy with the lump sum taxation only if your income is truly passive.
(Source: I’m Italian)
It sounds like they do not want people to live in Italy. Very few business people with those types of holdings would go through that.
These Europeans countries are useless especially for those who wants to be wealthy alongside having a great lifestyle
Because of this guy I have residency in Thailand 🇹🇭 and am establishing a company in the UAE 🇦🇪
thailand or dubai? which is for family ? im planning to retire
@@fxorigins6624For retirement Thailand is much, much cheaper overall. School fees in Dubai are stupidly expensive and there's lots of hidden charges so you will pay more than you think
Dubai is the best city in the world@@fxorigins6624
Very interesting... I have income in Dubai... but planning to living elsewhere... I prefer Asia... any inputs?
How did you get residency in Thailand?
You forgot to mention just one thing to get UAE residence it's very easy takes few days sitting inside UAE, it is very cheap as compared to other countries and the biggest plus is the security you get in UAE is unmatched to any of the places you mentioned. In Dubai you can leave a million dollars/euros in you super car with the keys inside and powered on, no one would ever dare to touch it, you can drop anything anywhere and you'll find it right there, this is the reason why people prefer Dubai, specifically the people who are into cash rich business.
Safest country. I have never locked my house even when away on holiday. No one dares to break entry. (No one = 2 to 3 sigma)
Dubai is cheap? How exactly?
The safety issue is overhyped. Only a few places are like that, there are many places in dubai which are quite unsafe
UAE is the safest country I've ever been to, there is no crime there...no one will ever steal your stuff and you can go walking around in any big city there at 2 AM and not have to worry about being robbed or killed.
@@taym2720 I've been to Dubai twice and felt totally safe no matter where I went, which parts of the city do you think are unsafe and why?
I never shall forget that Dubai stayed open while everyone else was on lockdown. And that I dealt with Asians, Europeans, and Africans in Dubai, all wanting to make money. Thank you Dubai. Dubai now is like the Golden Age of NYC. Yes, I love other cities. But all cites closed, cruise ships parked,
But Dubai stayed open. The party never stops in Dubai. So Dubai always is a worthy candidate for me.
My city - DUBAI
Dubai did close for Covid they had also curfews then realized they were losing money
@@Pelusacollective I was in Dubai throughout 2021 and 2022. Dubai was open while Europe was closed and Caribbean cruises were closed. I never will reside in Europe for this reason. I cannot trust Europe, anymore. P.S. I remember the curfews in Aruba in 2020: the kitchen would close at 8:00 p.m. to allow staff to get home before curfew. Granted, some restrictive measures; but, Dubai comparatively was open and DXB was open. I have too many sad worldwide memories from this time to mention in this reply.
@@Pelusacollective Correct.
Exactly
Comparing Milan to Dubai is funny as hell , you risk getting mugged and everything else.
Also as an Italian we have the highest taxes in the world, thinking that foreigners can avoid paying taxes while we pay 65% is outrageous.
Italians also hate Americans. Was there for four months and did not feel welcome, even after studying the language for three years and speaking my best.
You can pay lump sum tax in Italy. If you are making 1M and you pay 100K lump sum tax you are effectively being taxed 10% as foreigner. I'm surprised that you didn't know that as an Italian.
@@zaksc9296 exactly 👌🏻
WTF does the government do with 65%?
@@iramsavir5631 Was about to say it 😂😂😂👍.
Dubai is the ultimate hotspot for business and entrepreneurs, offering a seamless online experience for docs and biz registration. Super safe for families and packed with endless indoor and outdoor activities, no other city comes close! Constantly improving, it's also an airport hub bridging Asia & Europe.
And tacky as hell
dubai is like las Vegas but with boring people
@@hiwelcometochillis2579 boring?? never artificial yess maybe
@@jeeaspirant6695 you can't even go out in Dubai is so hot 😅... and people is boring and robotic
@@hiwelcometochillis2579 but I have heard almost everything is sir conditional like home to car to mall and everywhere else
We've been in Bahrain for 20 years. Both of our children were raised here. Highly recommend it.
hows the taxes there? and PR easily attainable ?
I traveled with Gulf air and was very impressed overall. Had a stay in Bahrain for few hours and it was really good. I would say Bahrain is underrated.
How's the Muslims there?
@@ichheieferit very restrictive country. Don't even go there.
@@MrTeslaXvery liberal actually compared to other places,
ive been travelling the world, Asia, Europe, almost full time for the past 18 years, the alps, london, Milan, Ski slopes of chamonix, the islands in the maldives, syndey, tokyo, hong kong, you name it, and all i can say is the place i cant get enough of is Kuala lumpur.
Wow. It is very underrated. One of my targeted destinations
But what special you found here that you didn't in other big cities like London, Milan, Tokyo, Sydney??
@@meetimian3383 Its a full blown city, but its so peaceful and quiet, not to mention everything is VERY affordable. Probably the cheapest destination of them all. Plus we love indian food which is everywhere.
peaceful, cheap stylish city. Its not just me either, i here a lot of nomads have a similar opinion
@@krisb-travel yeah makes sense. Are you originally from India??
@@meetimian3383 no originally I’m from the uk and we have a lot of Indian restaurants there so I have a good apppreciation for Indian food lol
Right now I prefer Kuala Lumpur even before Dubai.
Nice choice
Close to Singapore/Indonesia/Thailand/japan/China
Why so
@@imranniaz1890because it’s just better all the way around.
especially with the lavish lifestyle and cheap costs of living
Why?
40 years in Dubai. 2 boys born grew up educated there (UK Unni). One still there, he's 42 now. younger one left when he was 30. I retired recently. Go back regulary.
Thank you Dubai for providing me with a liftime of memories.
So after all this cant get a true PR?????
@@jiti5034 ????????
@@bobnicholson4702 What I meant is after spending all these years and contributing to the nation people still don't get a TRUE PR and specially for children who grew up there unless they themself get a job or start a business if parents retire they have to go ! that could be sad
@@jiti5034There is no PR or Citizenship programs in the gulf unless you marry a local. or you should be an elite expert in sports, science, medicine etc.
@@bobnicholson4702 Simple question after spending so many years you still can't get true PR,, that is one negative
The internet is full of intelligent people with “good advice”, just love it.
For me zero taxes no complications in Dubai is a lot easier than figuring out whether or not you're tax free in KL. I love KL but it's not a simple tax free place. Territorial tax is complicated freezone is simple. Its gonna be a lot cheaper in KL than Dubai but it's still a developing country (it's one of the most developed developing countries that).
Italy is my favorite country in the world but do I wanna be a resident there? Probably not. Tax wise I think Dubai is the best situation for me. 3 months of the year go to Thailand visa free come back to the UAE when the hot season is over.
What country passport do you hold?
Makes sense if one have remote income. But what about family? For me it would be visa complications as I have 🇵🇰 passport
I wouldn't rule out Muscat, Oman. Its an awesome place too when compared to Dubai, really chill and great ,great infrastructure, plenty of natural beauty & friendly people too.
Also being in Milan gives you ready access to Lake Como which is extraordinary beautiful. I love Dubai, Bahrain is so-so and Dublin but the weather in all those places is quite challenging. No place is perfect, but Italy has incredible culture, history and food. It has trains everywhere and easy flights out of Malpensa. As Andrew frequently says it's a question of what destination you connect with.
Bravo fai venire qui tutti i milionari a comprare case che già non costano abbastanza 😂😂😂
@@dimmacommunication Grazie sono vicino ad ottenere la mia cittadinanza italiana. poi vengo in Italia e compro una villa e la restauro. Voglio trovare una donna italiana con cui avere tanti figli.
@@sprezzatura8755 bravo Buon per te compà 😂
Yes. Milan is industrial. MXP only is interesting because it gets EK A380 flights from JFK, and is close to beautiful Lake Como and Swtizerland, a fast train ride to beautiful Rome, and a quick EK A380 flight to DXB.
*Lake Como
Oman is underrated
So boring
I've lived there and loved it.
There is nothing there
It’s a quiet sleepy place but nice little expat community.
Ohh man oman is indeed underated
I think you've missed a few of the MANY reasons why Dubai is the best place to live. Effectively, zero crime. In any of the areas that you would spend time in, the crime rate is zero. Second, it's one of the most family friendly places on earth and everything is kid friend,. Third, you won't even believe how little bureaucracy they have there until you experience it. I can't tell you how many times I wanted to do "something" and had to ask them before leaving, is that it? Really? No other desk to go to? No other papers to file? They say, nope, that's it. Lastly, while the other places you mentioned do have entrepreneurs and social networks if you seek them out, Dubai is just on another level. There's a dozen reasons why Dubai is quickly moving towards being the best city on earth.
I mean it’s definitely not though that’s the thing, I mean you have numerous problems, to name a few: Muslim country (can bring some unnecessary friction for business), climate (50 degrees throughout sunmer.
@@hattydafatty151 Why is all the Dubai criticism always people who have never been here?
@@VolatilityTradingStrategies probably they only heard "habibi come to Dubai!" LOL
Depends on time span ,, no true PR , when Children grow up there and you retire what happens then?
@@jiti5034they stay, they go home or they move somewhere else. I grew up in dubai. The benefit is im cultured, have travelled and an expat so its much easier moving anywhere. But smart thinking, because my generation's parents had no idea what would happen to us considering dubai was supposed to be transient. A lot of my generation stayed though and have their own places in dubai now and are having their oen kids in dubai, while their parents retire and go wherever they want. And parents also have the same options. Many move home, or they move somewhere new or they stay in dubai. Many also have houses in more than one country. This is what happens when you become an expat for a long time = you legit become an expat and so do your kids. The downside is when the kids go home after growing up in another country/countries, especially without immigrating, many times its not home anymore. You end up a globally minded person with no proper home. But it also means you're free to pick where you live. Many times that will be either where they're from or where they lived, but many also choose where they want to go.
Dubai is an over indulgent playground for rich people and social climbers. It's not really an ideal place for people looking for a simpler more content lifestyle. Whenever I look at videos of Dubai, I just think fake opulence and materialism.
lot of families moving there and people from SouthAmerica , normal people...
Partially true, but I don't care about that. What I care about is that the country I live in does not indoctrinate my kids into all kinds of idiotic ideologies.
They don't force atleast into LGBT sort of stuff.
Safety is ultimate luxury in dubai.
Anyone interested in pink salt or basmati rice,can contact me for further cooperation.
@@imranniaz1890 right. They just force women to wear headscarves and have other antiquated rules that make zero sense. No thanks.
Hi Andrew, love your videos. Is there a chance you could do a video on the best countries to live when the dollar loses its exclusive world currency status, and the depreciation in the dollar that could cause. Thanks
don't worry, it's not happening any time soon, it's not so easy to create a world currency, it takes decades of building trust and confidence, it takes free trade of that currency, such a currency has to have been tried and tested in good times and bad, it takes many things, and it's not just about trade but also reserves, few countries even dared switch to Euro, let alone the yuan, especially with huge economic challenges China is facing.
Probably too many variables to make a good guess on that one. It would be easy to compile a long list of bad places to live, but a number of places could be the best depending on what happens.
Good question, and timely given that Fitch downgraded US rating from AAA to AA+ on August 1, 2023
I lived in Dubai in the early 70s (when very few people in the west had even heard of the UAE), then I lived there in early 90s. So much change. Good for them.
No one cares
Thanks for confirming that there is no city remotely comparable to Dubai as a package.
Dubai has become very expensive, you had better bring a lot of money with you if you're going to live there.
I stayed in Dubai for three months over Christmas, and I felt safe, and it has a lot going for it, but what I would say, is it's really a whole set of roads with buildings built on it, the most dominating thing about Dubai are the roads, so if you like living in this way, then great.
Dubai is a place without soul, filled by temporary people. It is not so hard to find better plase to live.
Not just because ot Tax, but also because of Regulatory over-reach of arbitrary western Governments that make silly laws on the slightest whim.
You think the UAE is exempt from that? Lol
As much as I agree with you on Western government overreach, I don’t think an Arab emirate in the middle of the desert could possibly be any better!
@@VainakhQuranites Who are the scythians to you?
@@upstar21t Anyone from the plains of Ukraine, to the steppes of Central Asia, has Scythian ancestry to some extent, depending on the ethnicity.
I’ve been to all of those cities and Dubai is by far better than all of them. But it’s hard to make friends, it gets lonely. You’ve got to spend at least $100 every time you go out and you have to drive 20-30 mins to get anywhere. Most people stay indoors, go to malls and nice cafes and that’s pretty much it. Even going to the beach is a tourist thing now.
I spend just 300 USD in my KL Trip of 9 days 😭
you can make friends in the UAE, but you will need to be an Arab, Indian or Filipino in order to do this.
@@douglasscovil3447 C'mon... I had plenty of Western friends, plenty easy to make friends there, did you actually try talking with people there and hanging out with them on weekends? I mean I might be slightly biased as an Arab, but it's plenty easy to make friends, spoke to this dude for 5 minutes, and all I knew him for was 5 minutes before we decided to go grab breakfast together and grab a coffee while he spoke to me about his entire divorce story and gave me plenty of life advice, phenomenal dude, hope he's doing well.
@@douglasscovil3447 you can make friends depending on your interest: artists meet in al serkal, fitness buffs from the gym, even skateboarding and parkour, fishing as a past time one will meet more, cycling enthusiast, and zumba or yoga circles in Dubai
Thank you Andrew,
I like Dublin and the Irish Countryside ❤
Malaysia are good because near Singapore/Indonesia/Thailand/Japan/China
Go vacation to Singapore , party in Bali Indonesia , explore Thailand , visit culture temple in Japan , go to China also
For information
Singapore/Indonesia/Malaysia are same ethnicity
cheap flights too some flights from KL to Singapore cost less than $5 a few years ago
Malaysia is considered a cheap country to live in.hope the situation remains.i hd been to europe n jpn but it all break my wallet.nothing to enjoy n their currencies are too high.
@@kamrulz659true. Europe overall is enjoyable but way too expensive
In Malaysia, you can live like a KING with an income of 5000USD per month.
The up-market lifestyles in Dubai won't be the same if you earn 5000USD per month !😊
Fr fr
But you can earn more in dubai
any given time i can squeeze more value from 5k USD living in Dubai than any place on earth. and with the peace and order guaranteed one will definitely feel like a king.
I am Australian living in Dubai and honestly I’m here for 2 reasons 1. I don’t pay income tax here but get hammered in Australia and 2. It’s extremely safe. You can walk the streets at anytime day or night and no one will even talk to you. But you can never become a citizen here, which makes it a little unstable, even though you can get 10 year visas.
I will never understand full grown man being so paranoid about there safety😂 it's not like you live in a favela it's not that deep
@@weirdflex8158 I am a woman not a man and after being attacked in broad daylight walking my dog in Australia- yeah safety is a big deal!
@@fabulouslyK10 yeah fair its different than but i feel like as a man you shouldt be so scared
I am Malaysian and love your videos but other than knowledge of options, I don't see myself exercising the options available elsewhere for now. I am happy to pay my taxes in Malaysia for now. 😊. But of course things can change and it is always good to have options. I just hope it's not in my lifetime. Keep up the good work. 👍
Thank you.
I have an amazing job offer in Malaysia. I was wondering, what are the benefits regarding taxes in Malaysia? If I may ask.
@@ferrytaniwel3739where are you originally from
You keep putting Dublin on those lists, and as someone who lived there I find it ridiculous to even mention that country if you value freedom 🤯
I’m originally from Dublin. Left a long time ago and couldn’t agree more with you.
He was wandering around Dublin 4 yesterday so I guess he looking to make it one of his bases hence why it keeps popping up on his lists.
Yes andrew spoke on his enjoyment of ireland in previous videos. It's definitely a top candidate for him to plant a "flag", if he hasn't already done
so spot on you are!
“Ireland is about to pass one of the most radical hate speech bills yet. Merely possessing "hateful" material on your devices is enough to face prison time.
Not only that, but the burden of proof is shifted to the accused, who is expected to prove they didn't intend to use the material to "spread hate". This clause is so radical that even the Trotskyist People Before Profit opposed it as a flagrant violation of civil liberties. Dark times.” Just copy-pasted this from source
Dubai is the smallest place with the highest carbon footprint and they have exploited even the sea, what happened to the coral reefs when the world islands were built? And the palm islands were built? What is the carbon footprint to keep an ski slope in a mall when temp are a sweltering 40 deg.. touching 50 deg. Media is hushed down and is owned by right hand to royal families.
alot of westerns don't make sense when they talk about dubai, they can't believe that there is an Arabic country better than any country in Europe or north America
Didn't european woman help the king of dubai build dubai...arab money always came from westerners
i live in dubai 8 years its very safe and the service is probaly the best in the world alos tax benefits of course but the down side is its very expensive and no nature
I would never move to a desert . It’s nothing personal
Spend some time in KL, Malaysia then. You will impress with the nature around the capital city.
people live 6 months in Dubai and travel quite often and leave in summer... so if I had to live without nature 5 months... I wouldnt care
Dubai is not exactly the best places to live! Have lived there.
on my to do list is returning to KL this year.
Dubai is the safest place to be no pickpocketing also like other places... Security and place is safe from natural disasters like floods earthquakes or wild fires.
Floods lol. This comment didn't age well 😂
Lol, rain has sunk Dubai and world war 3 just kicked off with Israel just having attacked Iran.
Not floods😂
Westlands, Parklands, Upperhill, Spring Valley, Gigiri, Ruiru, Muthaiga, Hurlingham, all in Nairobi Kenya.
How about the crime rate? Is Nairobi safe to walk ?
Hhhh😂
Kenya wtf. Like in my class so many of them are in Europe. They never wanna go back
Riyadh, Saudi Arabia is fastly changing and is a good city. In the next few years, it'll surpass Dubai, Abu dabi, Bahrain, Kual Lampour, Singapor, Milan, Dublin and those safe heaven mentioned...
Not walkable ..most expensive for nothing ... boring city ever ! If you like hiding in shopping malls then go for it !
Hot like hell 8 months/year, boring 12 months/year
Thank you Sir!!
Really good points here
It's great for half the year. Of all the places ive lived so far KL wins by a long shot.
Singapore, Malaysia, Monaco, Dublin, Milan ❤ India
You should talk about Malta.
No mention of Doha, Qatar?
I’ve watched lots of these videos but this one gave me some very valuable info
Glad to hear it!
Milan and Dubai are not comparable at all. The tax system in Italy is one of the most difficult to work with
I would like fo him to do a RUclips video about the tax laws for regular remote working class people that want to live outside of the United States.
1:12: 🤔Love this content, I understand Dubai is very tax friendly in free-zone, but if you live their for a while I think it’s getting boring… but that’s my opinion, other have other options……
You just jump into the EMIRATES plane and of you goes...there is no problem to be honest with you, I live there and it is beautiful.
What about Thailand because Thailand offers elite program and cost of living is much lower then Dubai Singapore and Bahrain
I think because the food is bad 😂,that's why it's not talked about.
Thais are not good in English communication..
Most parts are badly polluted..
Good for partying but not for settling down..
Extreme polution
@@MA-lv3kt food Bad????
@@dac8939 personal preference, I can't stand Asian food .
vote for Malaysia KL
Dubai is worst for blue collar jobs. e.g ; Taxi drivers and Security guards normally work for 12 hours a day six days a week
Most of Europe seemingly not a good place to invest or stay in the near future considering the geopolitical situation we are in. The Ukraine War effect most of the European countries economically. IMF predicts Germany and the UK will be in recession this year while many others are in very slow economic growth
Europe is going to collapse economically considering the „ green“ agenda being slowly but surely being put in place.
Russian war on Ukrainian territory
Ukraine war is not what's really affecting the EU. It's the self-sanctions it placed on itself while being largely reliant on Russia for energy, natural gas, and fertiliser. Simple economics.
Don't be mislead by "no tax" in freezones. The second you invoice anyone in the mainland - you do have to pay tax, provided that you have reached the threshold
Nobody wants to live in Dublin. Dubai and KL are the perfect combo to base yourself year round
could you explain more about KL ?
I moved to Qatar from Singapore, and I absolutely Love it
Do you have PR though?
@@jiti5034yes
I'm french lived in ireland for 12 years and left to bahrain 2 years ago. Ireland is a way too expensive now and the tax are quite high people are also more and more racist out there . Bahrain is very small affordable and the real estate very affordable . Its safe and people are overall friendly
There is no global competition to Dubai..
I would choose malaysia ❤
Main things to do any business any where is Safety and stability of that place which dubai, Bahrain has the advantage over the other compared countries probably Singapore too!
Good to know excellent English in Dublin
Hey! what do you think about Andorra in terms of what you mentioned in this video?
Thanks!
Nomad Capitalist,
I have a question. Do you recommend Mauritius as a place to go?
Malaysia is really credible.
We have talked about Mauritius in this video: ruclips.net/video/kD4wrRWHuzI/видео.html
@@nomadcapitalist
Thanks a lot Sir
US taxes your global income per my understanding. So, what really is the tax advantage from moving or investing abroad?
you will need to renounce your U.S. citizenship like NC did to be able to take advantage of these tax haven countries.
@@douglasscovil3447
As I understand per US law they tax upto 10 years after someone renounces their citizenship.
Free zones also will be taxed if those companies don't have substance in the country
Safety and security .. Arab countries are the safest places on earth .. and 0 taxes .. nothing can beat Dubai or Bahrain, saudi arabia
I have lived in KL . It is a nice city .but there is high crime rate and the police are corrupt . You can bribe them easily .
It's subjective. Can you wear skirt in Saudi?
@@sofiaglove No we don't have this shit .. take your satanism degeneracy elsewhere.
@@sofiagloveIt's not nice to be robbed, wearing whatever.
@@munnashah1195 I don't think you can wear "whatever" in Saudi.
@@sofiaglove yes you have to wear modest. May be a too big price to be safe? I think Saudi don't want westerner ppl anyway. They have enough Muslims to want to go there and enjoy the country wealth.
Singapore from its visual appeal looks the closest to what Dubai looks like. Modern, clean, futuristic, and exiting
Hard to get into. High humidity. Many Locals will always resent you for not doing national service. Your children will have to do national service. They do national service because they are a small country surrounded by large nations who don’t particularly like them so long term safety is not assured. Still a very nice option in many ways. I wouldn’t turn down the chance to live there.
Yeh but Singapore has a working sewerage system. Not comparable.
This channel opened up my eyes to Ireland. Beginner mode expatting for Americans. Has enough similarities to Anglo culture
Glad to hear that!
Dubai is modern Milan is old fashion city!! I like modern city
11:48 - 'Fronkfurt'? No, Germans don't say it that way. Also, 'Milawn', no, Italians don't say Milano that way. Not every 'a' makes an awe sound.
What about Cyprus?
Can u make a video explaining which free zones are best for which businesses
In UAE ?
@@kennedys9714 yes. UAE Freezone licenses are expensive
Ireland has very low corporate tax rate.
@@sovietdatabase they start from AED4000 a year for a freelance , LLC around AED 15000 starting. Not much at all.
@@kennedys9714 I thought it was AED 26.515 for 3 years all included ? Is it not ?
The hot weather of Dubai is a big negative. No outdoor activities are possible for more than half of the year.
Wonderful place, Another good place is turkeys south coast.Its safe ,secure and subtropical.
We will be happy to help
Seaside homes in tiktok
A few pointers that need to be corrected in this video...
*Dubai has Plenty taxes! its just all included in the prices people pay, not labeled as taxes.
*The largest number expat group are indians...
followed by middle eastern arabs like Lebanese, Palestinians, Syrians, Jordanians...
then come the european group.
*Nobody leaves the Dubai or the UAE for 5months every year in summertime....
Hot months are 7 to 8 months long, people tend to travel and leave for 2 to 3 months over the peak time July to September
What's your thoughts on Andorra?
kuala lumpur is amazing, but the time-zone is insane.
Dubai is still the Best
Literally anywhere on Earth
What about the spanish islands baleric and canary islands
thanks for your advice sir
Please more video for people with more average incomes
As a guy who lives in Jordan and knows about the uae because I’ve been there, I can tell you that if ur rich, Jordan is 10x better than the uae
Just returned from Dubai shocked by the heat and crazy number of Indians no offense 😅😅😅
Every place in the world is better to live than Dubai. Its hot humid, chronically polluted and incredibly expensive.
Dubais safety has no comparison period
No desert 🌵 for me , I’ll take the Alps 🏔 region any day 🇫🇷 🇨🇭 🇩🇪 🇮🇹/ ireland 🇮🇪 would work too
Hello Andrew, what country in Africa should I consider?
Hey, if you're considering investments in Africa, we recommend checking out this article: nomadcapitalist.com/finance/top-10-friendly-countries-to-invest-in-africa/
Fine content just startet learning and have learnd alot.
Dubai RA are good?
Move to Pattaya. Not for tax purposes though. But for the fun
The issue with housing is space in cities. In the suburbs, they are fantastic
This may have been covered in another video, but given US persons’ special circumstances, where are some good considerations? Also, since you have (had?) ties to Istanbul, how would you rate it? Personally, I’ve found Turkey to be quite difficult to do business in. Thanks
I love KL but the requirements to settle there is too rich for most people watching these videos.
Many, many places are better to live in than Dubai. But I guess we all have different criteria.
Thanks for rhis great information 😊
Dubai is awesome. Loved my time there.
You forgot the security and safety aspect. Of course Dubai wins
Dear Andrew, I like you a lot and appreciate what you are doing but this Video is full of mistakes. You are saying that KL vs. Dubai the people are speaking more English in Malaysia than in a Mall of Dubai. I am living in Dubai since 8 Years and lived prior than that in HongKong, Singapore and also KL. This is just not correct. Furthermore there are plenty of Americans in Dubai. You should do a proper research please before you come up with such a stereotype of answer which is just not correct. I invite you on your next visit in Dubai to show you the city and drive you around in areas I presume you have never been to see where Americans are residing in Dubai.
Excellent advice but we can think on your opinion,
Regards