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Hamza Moved To Dubai - Here's How We Did It

80.0K views
•
February 11, 2023
by
Wealthy Expat
YouTube video player
Hamza Moved To Dubai - Here's How We Did It

TL;DR

Wealthy expat helps UK YouTuber with over 1.7 million subscribers legally move to Dubai and pay zero percent tax.

Transcript

I'm the wealthy expat I help wealthy individuals just like you move to free countries move your residency to countries that don't want to tax you that have zero percent tax rates just like Dubai and the UAE where I helped hamsa a business owner and YouTuber with over 1.7 million subscribers moved to we've actually become very good friends we went j... Read More

Key Insights

  • 👀 Dubai offers an attractive option for individuals looking to minimize their tax obligations.
  • 🐕‍🦺 The wealthy expat's services provide assistance with the entire process, from company incorporation to obtaining residency and opening bank accounts.
  • 🥡 The process typically takes around two weeks, with additional time for the issuance of documents like an Emirates ID.
  • 🚕 Maintaining tax residency in Dubai requires spending a minimum amount of time in the country and tying financial activities back to Dubai.
  • 🥇 Dubai's banking system is renowned for its safety, making it an appealing place to keep financial assets.
  • ❓ Some individuals may qualify for a 10-year golden Visa if they purchase property in Dubai above a certain amount.
  • 😤 Different countries have varying requirements for tax residency, but the wealthy expat's team helps clients meet those requirements.

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Questions & Answers

Q: How did the UK YouTuber discover the wealthy expat's services?

The YouTuber found the wealthy expat's YouTube channel, which discussed the benefits of living in a different country with lower tax rates. He then contacted the wealthy expat's team and was impressed enough to pursue the move to Dubai.

Q: What legal considerations are involved in moving to Dubai for zero percent tax?

The process depends on the individual's country of origin and citizenship. The wealthy expat's team helps individuals navigate the legal requirements to ensure they pay zero percent tax both in Dubai and their home country. They handle aspects such as company incorporation, banking, and residency permits.

Q: How long does the entire process take?

The process typically takes around two weeks to two and a half weeks, assuming the applicant is in Dubai. This timeframe includes setting up a company, obtaining residency permits, and undergoing a medical test. The additional time required is for the issuance of an Emirates ID and opening bank accounts.

Q: Can individuals travel outside of Dubai after obtaining tax residency?

Yes, individuals can travel around the world as long as they maintain their ties to Dubai. This includes keeping their financial assets and business activities in Dubai and spending a minimum amount of time in the country to maintain tax residency.

Summary & Key Takeaways

  • The content features a testimonial from a UK YouTuber who moved to Dubai to save money on taxes and have a change of lifestyle.

  • The YouTuber praises the services provided by the wealthy expat who helped him through the complex process of setting up a company, obtaining residency, and opening a bank account in Dubai.

  • The process typically takes around two weeks and involves medical tests, obtaining an Emirates ID, and reorganizing financial assets.


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