Telegaon
1.9K posts
@telegaon
Bitcoin | Cryptocurrency | Blockchain | Memes
🇬🇧🇺🇸 King Charles to President Trump: "You recently commented…if it were not for the United States, European countries would be speaking German." "If it wasn't for us, you'd be speaking French."
I’ve been in Dubai for 2mo setting up a new business. Here’s my pros/cons ↓ (+set-up advice) Pros: - Continuous sunshine, glorious weather Nov-Mar - World-class facilities & high standard of service across the board - Positive change & adaptation can be expected from the leaders (vs sabotaging their own population) - A hub for entrepreneurialism & events - The obvious: 0% income tax, 0% corporate tax <~$800k/yr (9% above, super reasonable) Cons: - Heavily polluted: Primary reason I couldn’t live here/raise kids - Lack of nature & wholesome things to do is crippling - Revolving door of people coming/going, tough to create stable community - The level of control is concerning, I can’t even open my apartment door without an app on my phone (mandatory in my building) - Noise & construction is relentless Set-up options I found: **speak to financial advisor, mine’s in the next post - Incorporate a business (spending at least 1 day/6mo) for 0% corporate tax below ~$800k (9% above) - Explore the 90 day + connection (business/salary) test for tax residency if you’ve cut ties to your home country - Commit to 6mo/yr in periods of expected asymmetrical growth (esp. if above test doesn’t suit) - Consider separate operating business which the UAE business owns in globally accepted currency w/ high trust I’ve shared my contact for set-up in the next post ↓ P.s. The comments under @averyx99’s post about slavery are totally off the mark. For many from India, Pakistan, Philippines, etc. this is the land of opportunity & they’re stoked to be here. (Even if they take tougher jobs)
