Why is Dubai a tax-free country
In addition to the taxation of corporate profits, the taxation of natural persons in the form of income tax, capital gains tax, inheritance tax and wealth tax are among the most important tax burdens.
While most western industrial nations levy a maximum tax rate of around 50%, citizens in Sweden, Finland, Japan and Austria pay well more than half of their income into the state budget.
A tax-free residence ideally enables the tax burden to be reduced to 0% or at least significantly reduced. While most western nations levy taxes on worldwide income, there are numerous states in South America in particular that only tax domestic income and thus offer a de facto tax exemption for international entrepreneurs. The territorial taxation system thus enables income from foreign sources to be drawn tax-free.
The most attractive model is certainly a tax-free residence in a country that completely waives the taxation of its citizens and residents. In large parts of Africa, for example, income tax is unknown, although these countries are an option for permanent residence for a few expatriates.
A tax-free residence, for example in the metropolis of Dubai, can easily be achieved through a Company formation in the United Arab Emirates realize. In addition to Dubai, the other Gulf states also offer attractive framework conditions, a high quality of life and full tax exemption.
List of countries without income tax:
- Antigua and Barbuda
- Brunei Darussalam
- Cayman Islands
- St Kitts & Nevis
- Saudi Arabia
- United Arab Emirates
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