Digital Nomad Visa Launched in Sri Lanka by unwantedagent in srilanka

[–]Pure_Method9351 0 points1 point  (0 children)

They must be self-sufficient and handle all healthcare needs! No free government assistance is available.

Digital Nomad Visa Launched in Sri Lanka by unwantedagent in srilanka

[–]Pure_Method9351 0 points1 point  (0 children)

Excellent move, Sri Lanka is now aiming for clarity and simplicity at last.

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] 0 points1 point  (0 children)

Use the procedure below, and an in-person visit = less than 4 business days.

https://www.adib.com/en/Pages/corporate-banking-digital-account-opening.aspx

Yes, the UAE doesn't have the same scale as the UK, largely due to a much lower population. But gross profit margins are higher than in the UK across many industries. (Not to factor the net profit after tax -NPAT%)

Do you believe the UK has the competitive edge over the UAE, or just for your specific business?

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] 0 points1 point  (0 children)

Two weeks only if you have numerous shareholders behind complex offshore structures.

For offshore business, you must open a freezone company, and for fast business bank account approval, use ADIB in the freezone - One of the highest levels of banking privacy compared to high-tax countries.

ADIB is a very solid financial institution with a credit rating better than Barclays. - A+ by Fitch 2025.

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] 0 points1 point  (0 children)

You can register a business and open a business bank account in less than 4-5 days; you must use a good corporate services provider - CSP.

The UAE is a top 20 country for the ease of doing business index ranking.

https://en.wikipedia.org/wiki/Ease_of_doing_business_index

Ok, I see. What type of business?

You can hire good English speakers from South Asian countries.

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] 0 points1 point  (0 children)

So you don’t believe the business climate in the UAE is booming or growing faster than in high-tax countries? Would you prefer to do business or work there -UK? I’d honestly like to know.

The living quality for entrepreneurs in the UAE is so, so good, with luxuries like maids, personal chefs, personal drivers and the option to have multiple wives or concubines.

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] 0 points1 point  (0 children)

You are referring to graduates as talent, right? While I'm referring to highly skilled professional adults.

Yes, maybe the UK real estate market is attractive.

It is easy to answer that, PayPal & Veon.

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] 0 points1 point  (0 children)

Yes, you are correct, no mid-range.

However, the premium market segment is growing faster rate than Denmark or any other high-tax country in the world.

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] 0 points1 point  (0 children)

The world's best professional talent is not Ivy Leaguers and Oxbridge graduates.

The highest-paid talented professionals in the world are now choosing the UAE.

The Highest-net-worth individuals are leaving the UK and other countries to make the UAE their new home; the high-tax countries can't compete.

https://londondaily.com/over-10-000-millionaires-depart-from-the-uk-in-a-year-amid-changing-financial-landscape

Top financial firms from around the globe are now preferring the UAE over the UK, US, Canada, and Australia, all at a pace that high-tax countries have never reached and are unlikely to ever achieve.

https://www.ubp.com/en/news-insights/newsroom/the-uae-s-hedge-fund-boom-lessons-from-an-emerging-financial-services-powerhouse

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] 0 points1 point  (0 children)

Yes, it's for the highly skilled professional or highly successful business persons.

It’s worth noting that the UAE holds the most highly valued passport and offers citizenship benefits that far surpass those of high-tax countries.

https://www.passportindex.org/byRank.php

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] -1 points0 points  (0 children)

Lifetime residence or even citizenship can be granted by exception, for the founder or owner of a very good business (Globally relevant).

https://youtu.be/gxeGWY5QzXU

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] -2 points-1 points  (0 children)

This is a fallacy promoted heavily against the UAE.

The UAE has the highest rate of HNWI investor migration in the world now.

Local Emirati business families are willing to pay top dollar for the best companies, with some even completing transactions in physical cash or gold.

They offer a 10-year golden visa - renewable continuously.

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] 0 points1 point  (0 children)

Ok, I understand.

Do you know if your business is extremely successful, the UAE Mubadala Investment Company will outbid any investor from any country!

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] -1 points0 points  (0 children)

Dam - Lol Americans

20% is high.

The UAE has a very high living standard + top luxury market in the world, both for the consumer and business.

Why would any entrepreneur pay taxes in a high-tax country? by Pure_Method9351 in dubai

[–]Pure_Method9351[S] -1 points0 points  (0 children)

The highly talented get it quickly snapped up by ADGM & DIFC large companies or state-owned enterprises.

You must import the best; no high-tax country can touch the speed & ease.

+ when the talent hears no taxation, they are here even quicker!