How to Move to Dubai If You Have Money | Summary and Q&A

TL;DR

Wealthy individuals from high tax countries can move to Dubai and enjoy a luxury lifestyle with zero taxes by either starting a company or buying property to obtain a residence permit.

Key Insights

• ✋ Wealthy individuals from high tax countries can benefit from moving to Dubai to enjoy a luxury lifestyle and zero taxes.
• 👻 Starting a company in Dubai allows individuals to have full ownership and control, and they can choose from various business activities.
• ❓ Buying property can grant a residence permit, but it is advisable for individuals with prior experience and knowledge of the real estate market.
• ✋ Dubai does not offer permanent residence or citizenship options, except for high achievers and high-level investors.
• ❓ By starting a company and depositing a significant amount, individuals can obtain a 10-year golden visa. Buying property can grant a 5-year golden visa.
• 💄 It is recommended to start a company first to familiarize oneself with the market before making a property investment.
• ❓ Cryptocurrencies can be used for both buying property and starting a company in Dubai.

Transcript

after the last video that i made showing a home for 2.5 million dollars selling here in dubai i got a lot of questions from clients from you viewers on how to move to dubai what is the exact process what ways there are to get a residence permit an id which i have and what are the best strategies that i recommend for you to move to dubai pay zero ta... Read More

Questions & Answers

Q: What are the main ways for wealthy individuals to obtain a residence permit in Dubai?

Wealthy individuals can either start a company or buy property to obtain a residence permit in Dubai.

Q: Can individuals fully own and control the company they start in Dubai?

Yes, individuals have full ownership and control over the company they start in Dubai.

Q: Is buying property a recommended option for individuals new to Dubai?

Buying property is recommended for individuals with prior experience and knowledge of Dubai's real estate market. Otherwise, starting a company is a better option.

Q: Can cryptocurrency be used for buying property or starting a company in Dubai?

Yes, cryptocurrencies can be used for both buying property and starting a company in Dubai. There are service providers that facilitate property purchases with cryptocurrency.

Q: Are there permanent residence or citizenship options available in Dubai?

Dubai does not offer permanent residence or citizenship options, except for high achievers and high-level investors who make substantial investments or contributions to society.

Q: How can individuals obtain a longer-term visa in Dubai?

By starting a company and depositing a significant amount of money, individuals can obtain a 10-year golden visa. Buying property can grant a 5-year golden visa.

Q: Is it better to start a company or buy property in Dubai first?

It is generally recommended to start a company first to ensure a smooth and fast process. This allows individuals to familiarize themselves with the market before making a property investment.

Summary & Key Takeaways

• There are two main ways for wealthy individuals to move to Dubai and obtain a residence permit: starting a company or buying property.

• Starting a company allows individuals to have full ownership and control, and they can choose from various business activities based on their interests.

• Buying property can grant a residence permit, but it is recommended for individuals with prior experience in Dubai's real estate market.