Dubai is this the end?

[csp dubai]

After 9% tax , waht is the point moving to dubai ? hungary off 9% tax at a fraction of the cost for example, malta cyrpus almost the same , and i can stay in a decent place and not pay 40 eur for a beer

any suggestion where to go?

 

[troubled soul]

In My reasearch I find USA LLC is the best option as non resident...No income tax......Just require to fill up some form every year......
USA LLC + territorial tax country residency a will be best alternative for Average Digital Business owner......as example USA LLC + Thailand Elite visa will be good alternative......

On forum i also started thread hope this helps

Suggestion for Tax free Jurisdiction for Software company....Dubai Freezone Alternative

As Dubai Free zone is best solution for zero tax ...As it become complicated...What are the good alterative for tax saving ? Simple solution not complex... What are your suggestion ? Singapore, HK or any other @Martin Everson What will be your advice for this ? Dump Dubai and Pay tax in some...

www.offshorecorptalk.com

other are low tax country like HK, SG ,CH are also good alternative ....but they are not total tax free......

It is too early to say that Dubai is finish....Yes I do believe after taxing free zone There is nothing left in Dubai......But ground reality It seems most business owner are unbothered about this New taxation ....May be fear of islamic rules....they do not speak openly.....But IMHO I find the ball is in the hand of Indian, Pakistani , Bangladeshi , African country businessman....as Literally they do not have much option than Dubai for their shady businesses......Do they happy to reveal their finance ? Do they happy to pay tax ?...Time will tell what will happened ? Let's hope for the best that Government reverse their decision and make Freezone tax free again ...

 

[Marzio]

hungary off 9%

It is not.

It's 9% + 0-2% local business tax depending on where the business is domiciled.

If in Budapest it will be 11% , In Pécs it will be 9%

And this is only corporate income tax.

To this you must add social contributions, accounting (at a comparable UAE prices if not higher), and personal income tax.

any suggestion where to go?

This really depends upon the type of business you are in and the lifestyle you are looking for.

 

[JustAnotherNomad]

any suggestion where to go?

Remember to change your username.

 

[Marzio]

Remember to change your username.

Wise words LOL

 

[csp dubai]

problem is in free zone management consulting is not allowed, and i ma afraid income tax will come as well

i will first close my business here than i will change name , i will not pay 9% just to feed the sheik yacht, if i pay 9% i want to vote how my tax money will be spent

 

[JustAnotherNomad]

i will first close my business here than i will change name

 

[troubled soul]

i will first close my business here than i will change name , i will not pay 9% just to feed the sheik yacht, if i pay 9% i want to vote how my tax money will be spent

Can not agree more.....It is total foolish to pay tax in Islamic monarchy...............Seems World has endless supply of fools.....may god help them

 

[jafo]

After 9% tax , waht is the point moving to dubai ? hungary off 9% tax at a fraction of the cost for example, malta cyrpus almost the same , and i can stay in a decent place and not pay 40 eur for a beer

any suggestion where to go?

I hope we are all misreading this. It would be really sad.
I've been dealing with free zones for decades and I don't remember any free zone that imposed any type of taxes.

 

[JohnLocke]

After 9% tax , waht is the point moving to dubai ? hungary off 9% tax at a fraction of the cost for example, malta cyrpus almost the same , and i can stay in a decent place and not pay 40 eur for a beer

any suggestion where to go?

As a service provider For Dubai companies and who got rejected for advertising here, I find your question silly and cheap.