Moving to Dubai

[eek]

If you work in Dubai and give up your house in the UK, you can simply transfer it at any time. You will be resident in Dubai.

It's perfectly legal.

Only provided you spend 5 full years in Dubai.

[BlasterBates]

It wouldn't surprise me if the additional costs of living in Dubai tax free exceeded the amount of tax you would pay in the UK.

[BlasterBates]

"Applicants also benefit from Dubai’s zero income tax for individuals."

Ha! How do you get [most of your ] money back to the UK eventually?

If you work in Dubai and give up your house in the UK, you can simply transfer it at any time. You will be resident in Dubai.

It's perfectly legal.

[eek]

Bitcoin....

Sales of which are subject to capital gains.

[BigDataPro]

Hawala ...

[Lance]

"Applicants also benefit from Dubai’s zero income tax for individuals."

Ha! How do you get [most of your ] money back to the UK eventually?

Bitcoin....

[ladymuck]

"Applicants also benefit from Dubai’s zero income tax for individuals."

Ha! How do you get [most of your ] money back to the UK eventually?

Very carefully

[rocktronAMP]

Looks interesting:

Dubai launches new remote-work visa – how to apply

The problem you will probably face is how to invoice your customers from a business in Dubai. You'll need advice from an accountant in the UK and in Dubai.

"Applicants also benefit from Dubai’s zero income tax for individuals."

Ha! How do you get [most of your ] money back to the UK eventually?

[BlasterBates]

I'm interested in hearing if you've made the move to Dubai. A lot of people in this thread didn't seem to understand what you were saying.

I'm in a similar position. I have my clients here in the UK and have minimal risk of losing my clients as hardly anyone can do what I do. I work from home and don't need to be in any fixed location. Like you, I also have no ties keeping me in the UK. I'm interested in moving to Dubai to be tax-free spending 3-5 years saving all my income.

As a sole individual that will be invoicing my clients here in the UK, what are my opinions to move to Dubai and benefit from zero tax? Honestly, I couldn't care about how a woman in Dubai is treated or what freedoms some people don't have. It's tax-free. I can rent a nice apartment for £2000 a month, hit the gym, do my own thing on my own, save £1m+ for retirement and retirer young.

Looks interesting:

Dubai launches new remote-work visa – how to apply

The problem you will probably face is how to invoice your customers from a business in Dubai. You'll need advice from an accountant in the UK and in Dubai.

[Anon36]

Indeed, if he keeps settled status in the UK, then there are no tax benefits to taking the gig.

However, if he meets the automatic residency test and has limited ties, then he will be non-resident for tax purposes and it would be somethng to consider.

The 5 year rule only applies to capital gains. Income tax is only for one year. So assuming he moves mid term, he would have 1 split tax year, followed by 1 year non-resident, followed by another split tax year. Any gains he made tax free during his stay would not attract UK taxation.

I'm interested in hearing if you've made the move to Dubai. A lot of people in this thread didn't seem to understand what you were saying.

I'm in a similar position. I have my clients here in the UK and have minimal risk of losing my clients as hardly anyone can do what I do. I work from home and don't need to be in any fixed location. Like you, I also have no ties keeping me in the UK. I'm interested in moving to Dubai to be tax-free spending 3-5 years saving all my income.

As a sole individual that will be invoicing my clients here in the UK, what are my opinions to move to Dubai and benefit from zero tax? Honestly, I couldn't care about how a woman in Dubai is treated or what freedoms some people don't have. It's tax-free. I can rent a nice apartment for £2000 a month, hit the gym, do my own thing on my own, save £1m+ for retirement and retirer young.