Running a Business in Dubai - FULL GUIDE
Вставка
- Опубліковано 27 чер 2024
- 🇦🇪 Want to get set up in Dubai? Book a Free Consultation - calendly.com/genzone/dubaisetup
🇦🇪 FULL GUIDE: How to Move to Dubai in 2024: Everything You Need to Know - • How to Move to Dubai i...
📸 FOLLOW ME ON INSTAGRAM - / tuomaskivioja
RESOURCES:
Wio Business - www.wio.io/business/
UAE Corporate Tax Guide - tax.gov.ae/Datafolder/Files/G...
Emara Tax - tax.gov.ae/en/emaratax.aspx
UAE VAT - mof.gov.ae/vat/
I have been running a business here in Dubai for more than 1 year now so here are all the boring, day-to-day details that I wish before I got into this.
Running a business in UAE is incredibly easy overall, because they have deliberately made it easy to attract builders into the country, and as a rather big bonus you also get either 0% or 9% tax depending on a few factors.
But with that said, it is still a new country for most people coming here where certain things do work differently, and there are many things you simply want to be aware of.
CHAPTERS:
0:00 The Reality of Running a Business in Dubai
1:51 How to get set up in Dubai (watch out for this!)
3:51 How to open a bank account / which bank to use
5:33 Corporate Tax - How to pay 0% tax
9:40 VAT
11:31 Foreign companies
13:25 Operating a UAE company from abroad (0% tax?)
14:33 Paying yourself
15:22 Annual costs
16:45 Hiring employees
Tags: moving to Dubai, tax residency dubai, dubai 0% tax, dubai company setup, dubai life, dubai cost of living, how to move to dubai, moving to uae, uae visa, uae residency, dubai visa, bubai company formation, how to start a company in dubai, is dubai expensive, why i moved to dubai
🇦🇪 Want to get set up in Dubai? Book a Free Consultation - calendly.com/genzone/dubaisetup
yes this video is absolutely for me ... thanks for detail
I love your content Tuomas. Very informative and inspiring as well!
Yo thats sick.✨️
You ignored my last comment from your previous video but can you please make a video on social life making friends and networking in Dubai
Useful
I smashed the like button.
What software are you using for accounting and generating reports / statements to submit and file to the authorities ?
great work, thanks for sharing! Can you also cover US LLC setup process, banking and taxes.
I will do this in a future video for sure!
Very useful video. In what Free Zone have you set up your company?
Hi bro, are you still in Dubai now?
Will you come to BrokersView Expo next week？
It will be held on the 4th floor, Conrad Dubai, April 16-17, 2024
this is exactly what i needed and have been looking for. i run a youtube business myself so this was very helpful. could you explain more about the"paying yourself" part
What more did you want explained?
@@tuomaskiv i didnt really understand. can i choose how much i want to pay myself? or is there a threshold? can i pay myself all the profits of the company or do i have to keep some money in it. also can you explain business bank account vs personal bank account
You can pay yourself however much you want but ow much you can deduct as an expense in taxes will be limited
@@tuomaskiv aah ok thanks
Great video Tuomas. Quick question: The GenZone Consulting is your business or the people that helped you?
I am partnered with them
@@tuomaskiv Perfect. Thank you mate
Your videos are amazing.
Could you please cover some other issues on another short video maybe like health insurance and pension in the UAE. As far as I know if you are not an Emirati, u don't get state pension. How do you invest for pension? We r not going to be young forever. And plz explain how health insurance works in the UAE
I just invest and save money myself. You just buy health insurance
@@tuomaskiv thank you for your answer and keep up the good work 🙂
BITCOIN will be your pension!
@@antoniodellemonache9008 it's too volatile bro
Hey Tuomas , really nice video ! I was wondering if I could help you with Best Quality Editing in your videos which visually appeal to audience and would increase average view duration and will also make a highly engaging Thumbnail which will overall help your videos to reach to a wider audience ? Pls let me know what do you think ?
I'm looking for work as a software developer in Dubai. Currently based in the UK
Is 375k is 3mill+ as Tuomas said a few times in the video while referring to threshold revenue for 9% taxation..?
I want to make a mobile app for iOS and Google Play store. Can I registered it in Dubai, Qatar , Saudi etc but live in NYC and hire myself as a remote worker eventually as the app makes income?
18:00 where are you originally from because if you hired yourself as an employee then had to pay for flights, etc, etc. but say your american then dont you have to pay american taxes
why does everyone charge different prices to set up in dubai theres some who charge 5k for full set up some do for 10k and some for 25k + lol not sure why everyone got random pricing
Cheap ones below $5-8k are either scams and/or will put you into a weird freezone which will lead to problems
Anything above $15k is overpriced and there is no reason to pay that.