If you get 10K eur monthly 60% are for the govt, so f**k “free” healthcare, a good insurance costs you 1k/month and 9K are for living.
Dear, with 10k in a lot of European country you get a direct tax above 45% and of course you gotta add a lot of other direct and indirect taxes, in Italy it even includes the tax to finance the globalist/socialist/woke governmental TV channel (RAI), and you are OBLIGATED to pay it because it is in your electricity bill, so yes, at the end of the game you can easily reach ~60% on taxes.Lets not exaggerate. I don't know a european country where 120.000 EUR yearly income is taxed at a flat 60% rate. I don't think this country exist. Even in France.
In Dubai your "hidden" tax would be yearly:
4.500 EUR for residency per year
2.000 EUR health insurance ( I guess you can find a cheaper one )
(And of course more expensive grocerys, entertainment cost are higher, apartment rent are higher if u you dont wanna live a trashy place)
Then you have all the starting cost of starting a new life;
Most likely grocery shopping, eating out and enjoying yourself is much more expensive than your home country.
Obviously people are different. But to "only" make 10.000 EUR in profit a month, I wouldn't sacrifice family, friends etc to live
in Dubai/UAE. Effectively I dont even think your tax savings is that much because you suddenly have much higher expenses, relocating costs, your yearly freezone company fee, flight tickets and hotel costs to go and visit your family for Christmas or important birthdays etc.
Where do I find the cheap rent in Europe?I mean I wouldnt give up free Healthcare, cheap rent and family for less than 20k eur/usd/pounds Per month.
what are these fees, monthly or one time or annual?Company formation 8K
Company renewal 4K
Flying to Dubai Evey 180 days 1K x2
We don't know where OP is from but that is the basics to be able to achieve what he wants at a minimum.
can you elaborate, what is this?ESR is basically mandatory now,
also, can you list the basic what that would include?Substance 4K
These are yearly costs, if you want to do it right in the UAE and get a tax certificate.what are these fees, monthly or one time or annual?
can you elaborate, what is this?
also, can you list the basic what that would include?
I am assuming creating company costs? this does not include visa and residency? so to sum up a company is better than freelance option?These are yearly costs, if you want to do it right in the UAE and get a tax certificate.
8K incorporation 1 time fee.
4K company renewal yearly after first year
4K Substance, is what you need to show for the structure to truly work if you do not reside in the UAE at a personal level.
Utility bills, residential address with Government registered tenancy agreement.
ESR is a Economic Substance Report is basically a tick box exercise by the government. It's ensuring you meet all the necessary requirements for CRS.
This includes UBO, AML compliance where you need to register if you are in certain industries like business services, real estate and finance.
sorry it is still not clear for me, I living outside (North Africa), Female above 30 , any restrictions on countries for which status(freelance or company)? Is this for AJMAN free zone/Dubai? I should also include two flight tickets for 180 days .
Thanks any links to the process, recommended banks and helpful shortcuts? do I have to be there to do it or I can online? I am assuming 100% foreign ownership in Freezone?Ajman would be difficult to get a bank account better Dubai.
8K company incorporation including residency and ID card.
2K for 2 trips for 4 days bed and breakfast in a decent hotel every 180 days.
4K company renewal
4K substance renewal
2K for 2 trips every 180 days
Thanks any links to the process, recommended banks and helpful shortcuts? do I have to be there to do it or I can online? I am assuming 100% foreign ownership in Freezone?
8K according to my research it takes at least 17K in Dubai to incorporate in FZ , I am looking for full ownership no sponsorship , seems ded.ae only for joint companies with local? maybe freelancer visa is the best option.
Yes you can do all remotely except bank account, as you have to be there to open in person. You can open remotely in another country like Switzerland, Montenegro, Lichtenstein, Mauritius, Seychelles or Singapore. There are some minimum requirements with regards to account balance and the industry.
It's best to use an agent when incorporating, getting ID and bank account opening.
I would be happy to help, contactdetails below