I'M LEAVING DUBAI: Not Clickbait

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  • Опубліковано 2 лис 2023
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    Summary of this video:
    Wealthy Expat announces that he has left Dubai and it is no longer his primary residency. He still recommends Dubai for those looking to lower their taxes and enjoy a developed and fun environment. However, he personally no longer needs Dubai as he is no longer a US citizen and has obtained tax exemptions in a European country. He expresses his desire for a tier A passport and plans to obtain two more passports, including a Turkish passport. He emphasizes the importance of having multiple citizenships and residencies to have more options and flexibility.
    He also mentions that Wealthy Expat, his company, is expanding to offer tax exemptions and real estate services in multiple countries. He believes that Dubai is a good temporary solution for a limited amount of time and recommends using it as a stepping stone to other countries that better fit one's personal preferences and goals.
    DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.

КОМЕНТАРІ • 739

  • @rayfinkle9369
    @rayfinkle9369 9 місяців тому +148

    The world is changing so fast that it no longer makes sense to plan on living in one location for 20 years. Who thought 20 years ago China would be this advanced, and America would end up where it's heading? I think paying attention to what's going on and having ongoing 5 year plans would be wise as the world shifts one way or another.

    • @kukikukac
      @kukikukac 9 місяців тому +15

      Since when is china advanced?

    • @rayfinkle9369
      @rayfinkle9369 9 місяців тому

      @@kukikukac You must be joking. That or completely ignorant of what's going on. Do a search on their tech. They implement things lightning fast. As I said in my last response (before it mysteriously deleted), was that I went to Shenzhen like 7 years ago and they weren't even using cash anymore BACK THEN. I don't remember anywhere that people weren't using WeChat to pay for everything - subways, restaurants, shops, massage salons. In CA, where I no longer live fully since I'm in Asia now, they are still using cash and credit cards at restaurants most of the time. All you have to do is not be willfully ignorant, search some China tech videos and see that they have long since added 5g all over, face recognition to get into buildings or to purchase things, buses that drive over traffic. Have you even been there? You should go and experience it. We can be pro US and still be realistic at how much faster they are advancing into the future than we are (which is partly cool and partly crazy dystopia - and why I have 5 year plans to recognize and move on).

    • @user-xy4rh4gy7f
      @user-xy4rh4gy7f 8 місяців тому +30

      ​@@kukikukaclol obviously youve never been to china

    • @kukikukac
      @kukikukac 8 місяців тому

      @@user-xy4rh4gy7f no advance in human rights that's for sure

    • @rioluna6058
      @rioluna6058 7 місяців тому

      china has economic problems even worse than USA , both countries already picked and are on decline

  • @purplewound
    @purplewound 4 місяці тому +16

    As a Turkish citizen living in Istanbul, i would avoid getting a Turkish Passport. It's currently treated by EU & USA as one of the most suspicious passports. You can not event make an appointment to get a Schengen visa. Even if you do, that's most likely rejected, no matter if you have relatives living in EU for example. On the other hand, hefty taxes are planned to be loaded on the citizens, including crypto. But the most important thing, the quality of life is really lacking in Istanbul.

    • @user-gt5ro1mr6r
      @user-gt5ro1mr6r 2 місяці тому +1

      Sorry to hear that I love Turkey and I hope the best for it

  • @G7FX_REVIEWS
    @G7FX_REVIEWS 9 місяців тому +128

    Problem in UAE its too uncomfortable to live in such hot weather

    • @alejandrosmusic8685
      @alejandrosmusic8685 9 місяців тому +21

      Nah not really. Just go out on the summer then winter is 10/10

    • @notoriousfly9260
      @notoriousfly9260 9 місяців тому +25

      As someone who has lived in Norway, the almost eternal summer is the best part of living in the UAE.

    • @SheikhZedoo
      @SheikhZedoo 9 місяців тому

      haha Nah bro , you would enjoy it for a month but then it gets crazy@@notoriousfly9260

    • @jayceontalylor4244
      @jayceontalylor4244 6 місяців тому +5

      to me the problem was the cold in Europe, i can't stand cold weather, i think it depends

    • @jayceontalylor4244
      @jayceontalylor4244 6 місяців тому

      @@notoriousfly9260 i feel you bro

  • @hyperpedro2868
    @hyperpedro2868 8 місяців тому +41

    I think an EU passport is also attractive because you can live in ANY EU country as long as you want. This is something which doesn't appear in passport rankings but it is high value IMO. You can stay as long as you want in Spain, France, Hungary or Greece.

    • @SowrabSowrabUddin
      @SowrabSowrabUddin 7 місяців тому

      ua-cam.com/video/EQbgGrPRVs0/v-deo.html

    • @JG-fg1ye
      @JG-fg1ye 7 місяців тому +11

      Their economies are not great and living costs can be higher then you expect, healthcare is also patchy, hence why ALOT of Europeans move or try to move to the UK despite the headaches and cost compared to EU movement

    • @sonminorimitsuu2838
      @sonminorimitsuu2838 Місяць тому

      I’m awaiting my Irish passport does that mean I can travel all round Europe and pay no tax if I have my own savings to spend

  • @Kowsan824
    @Kowsan824 9 місяців тому +23

    Excellent video, been following the channel for awhile. Looking forward to working with you Raf and team. I agree there are some great areas in Europe (just visited Italy for 3 weeks) without too many people ( you just got to find it 😊) looking forward to future videos!

  • @geoms6263
    @geoms6263 9 місяців тому +32

    I work in Dubai for 260 dolars monthly, i move in Norway i do the same job for 3600 dolar.

    • @oscarwaiharo
      @oscarwaiharo 9 місяців тому +1

      How did you move to Norway?

    • @ErnaSolbergXXX
      @ErnaSolbergXXX 9 місяців тому +7

      That is the salary ceiling in norway for most normal jobs. Here you earn very much on low end jobs while the salary is very low for high end jobs. It's a great place for the lazy people, but the punishment is very brutal if you actually want to work hard.

    • @djzrobzombie2813
      @djzrobzombie2813 4 місяці тому

      ​@@ErnaSolbergXXXsounds perfect 😮😂

    • @djzrobzombie2813
      @djzrobzombie2813 4 місяці тому

      ​@@oscarwaiharofly

    • @djzrobzombie2813
      @djzrobzombie2813 4 місяці тому

      What kind of job ?

  • @fidgetykoala
    @fidgetykoala 9 місяців тому +11

    I got natively a passport that is ranked 2nd in the Global Passport Power index, but taxes here are crazy, even if you want to start as a sole trader you are already taxed before making any transactions. EU-wise you should look at Estonia as you can get e-citizenship, Bulgaria also has 15% flat tax and there is a decent network of foreigner investors. Northern EU countries have high living standards, but by being social democracies taxes are high, you have to pour in a lot money to get in return a solid peace of mind when it comes to health care, education, social welfare, pensions.

  • @jaws2003
    @jaws2003 9 місяців тому +6

    I agree. You have to go where you like. For me I'm thinking about a latin america residency setup since i can speak spanish and theres little time zone difference. Im also thinking about something in SE Asia as well or the north african region. I know if i did the latin america residency option i would do México and Paraguay. Asia im looking at Philippines or indonesia.

  • @CDGbyGraziaCosta
    @CDGbyGraziaCosta 7 місяців тому +5

    I agree, having more options gives you more oppprtunities. I aim for at least three citizenships, though it's not a simple process. Let's explore and see how feasible it is.

  • @harrisonwell1719
    @harrisonwell1719 7 місяців тому +19

    Just to correct you, UAE is not giving passport anymore not matter how much you invest. However you can get golden residency visa (10 years) only if you buy property for certain amount.

    • @jayceontalylor4244
      @jayceontalylor4244 6 місяців тому +3

      which is reasonable, imagine after 50 years all those foreigners will have their children calling themselves emiraties, well we will see a new country called United state of emirates, or Britsh emiraty kingdome or something xD

    • @dustyautumn8780
      @dustyautumn8780 6 місяців тому +1

      @@jayceontalylor4244 Western countries should apply the same rules for Muslims right? Stop giving them citizenship.

    • @rmikel14789
      @rmikel14789 6 місяців тому +4

      The problem is, I can’t see not being able to live where my business is based out of… hundred percent, this will deter business. This is reason why I would never invest in Panama or China. Both countries will never give out permanent citizenship under any circumstances to a foreigner, hence, they shouldn’t ever received my dollar. I’m not saying I want to get a citizenship in every country I visit, however, the option should be there… And if it’s not, that is a 100% fail for investing, do not pass go, do not collect $200

    • @jayceontalylor4244
      @jayceontalylor4244 6 місяців тому

      @@rmikel14789 dont invest then its easy, let it for the investors, and i dont think china needs your dollars to expand lol

    • @EliteExpat
      @EliteExpat 5 місяців тому

      Some
      High level people do get it..
      Basically anyone doesn’t need it

  • @lostleblanc
    @lostleblanc 9 місяців тому +52

    Exciting new chapter man 🎉

  • @uppercrust400
    @uppercrust400 7 місяців тому +9

    I'm not sure why he's bragging about being a citizen in so many countries. Does he actually intend to spend all that airfare money to constantly bounce around all the countries he intends to become a citizen of? It doesn't make sense. Most people (99%) just live and work in one country. I prefer the option of not constantly traveling.

    • @DubaiWithPete
      @DubaiWithPete Місяць тому

      Exactly!
      Just because I'm eligible or capable of residency and passports in 15 countries it doesn't mean I get them all and become a sophisticated nomad!

  • @chrisb236
    @chrisb236 9 місяців тому +184

    Now that you are Mexican you are going to go to Spain to live there for 2 years to get your Citizenship and be exempt for taxes for 5 years....nailed it.

    • @ivanwronsky
      @ivanwronsky 9 місяців тому +18

      He was eligible from birth, because he is from Puerto Rico

    • @gainz6180
      @gainz6180 9 місяців тому +16

      Its wrong, he did talk about that but he will never do that citizenship, spain doesnt allow dual citizenship with serbia or turkey… I am guessing he is doing Italian living in sardegna region

    • @alexnezhynsky9707
      @alexnezhynsky9707 9 місяців тому +3

      Wouldn't he have to be born in Latin America to qualify?

    • @RedgeNumber1
      @RedgeNumber1 9 місяців тому +13

      @@alexnezhynsky9707 Puerto Rico is considered Latin America by Spain

    • @Aer0xander
      @Aer0xander 9 місяців тому +11

      You need to be a natural born citizen to qualify, so his naturalized MX passport doesnt help with this, only him being born in Puerto Rico. Big reason to have your child be born somewhere in Latin America, they get citizenship by birth + 2 years for Spanish citizenship

  • @antoniobrasse7157
    @antoniobrasse7157 9 місяців тому +55

    Portugal 🇵🇹 still has the NHR program. They haven't axed it yet but you have to live there. I prefer their CBI options. As for Dubai, like Singapore, they want to keep their citizenry for the most part homogeneous and that is why they make it so hard to become a citizen. For tax purposes, one really needs to look into offshore trusts.

    • @eesa
      @eesa 9 місяців тому +1

      They’re ending it EOY 😔

  • @mrbabyhugh
    @mrbabyhugh 9 місяців тому +5

    5:25 and this is exactly what i suggest, you set up a base there, then just travel especially if you dont have a family. then visit Dubai 2-3 times per year. I do not suggest any professional person without a mainland company to LIVE in Dubai. Freezone means exactly that, freely move in and out LOL.

  • @cibo23
    @cibo23 4 місяці тому +4

    Turkish citizens are trying to get other passports and others try to get Turkish passport :)

  • @MannyRiberaOriginal
    @MannyRiberaOriginal 4 місяці тому +4

    The only passport you need is Jannah.

  • @zimranchaudhry1987
    @zimranchaudhry1987 9 місяців тому +85

    2 reasons I will move to UAE(Dubai)
    1: For Crypto earning
    2: My safety of life.
    Other than that weather, corporate tax of 9% is manageable

    • @MariaAndersenCrypto
      @MariaAndersenCrypto 9 місяців тому +2

      Welcome!

    • @alejandrosmusic8685
      @alejandrosmusic8685 9 місяців тому +3

      Welcome brother awesome decision. Dubai is great.

    • @dlukton
      @dlukton 9 місяців тому +8

      Yeah, 9% corporate tax, but I think that the first $100K of profit is tax-free.

    • @skranz7790
      @skranz7790 9 місяців тому +16

      Off-shore companies don't pay any income tax in Dubai. You only pay the 9% if your company focuses on doing local business in the Dubai economy.

    • @JimCreeper
      @JimCreeper 9 місяців тому +6

      crypto earning in 2023? what magic are you doing that we dont know lol

  • @dimitrivancamp1013
    @dimitrivancamp1013 9 місяців тому +51

    Only problem is that 5-6 years is a very short period and if you like living there then you are back to 50% after that brief period. What many people don't know is that almost every European country has a pretty complicated tax law where many loopholes are baked into the law when using corporations. For example in Belgium you can take about $80k a year out of your company as "intellectual property" taxed at 16.5%. You can also lend money to your company and then take out interest at a 30% flat tax etc. Overall you can keep your tax burden under 30% if you really understand the law. Not great but reasonable.

    • @jamiejoseph9160
      @jamiejoseph9160 9 місяців тому +15

      30% tax is reasonable? To each their own, I guess.

    • @tonytanner3048
      @tonytanner3048 7 місяців тому +3

      The base rate of UK corp tax is 25% and that is still pretty high

    • @lukeCART1
      @lukeCART1 7 місяців тому

      only 30% hahah clown. Yuck. I'll take 0%

  • @JonDifull-rn7rj
    @JonDifull-rn7rj 6 місяців тому +5

    When you have "Not Clickbait" in your video title, it's clickbait for sure...

  • @besharp1998
    @besharp1998 9 місяців тому +42

    You were always traveling. It was clear that Dubai wasn't the place you wanted to live long-term. Getting a tier-1 passport in Europe will allow you to travel and stay short term in the U.S. without paying taxes because you will not be a citizen. End goal.

    • @xoxoxoxo5224
      @xoxoxoxo5224 9 місяців тому

      I don't know about this guy, I don't watch his channel, but it's clear you know sh1t about Dubai. One of the points of Dubai is that it's a great base for other places. There are 10-15 bank holidays in the summer, and most people take the majority of the 25 day annual leave (5 weeks) off in the summer in addition, plus most companies allow you to work remotely for a few weeks in the summer too. Dubai is very hot from June to August, and most people go travelling or are based elsewhere. That's the cool thing about Dubai - and you're not far from either Europe or Asia. People who live long-term in Dubai for 10+ years still follow this schedule more or less. Dumbass.

    • @skranz7790
      @skranz7790 9 місяців тому +5

      He doesn't ever "want" to go back to the US if he can help it. He only wants it to be an open option to him, just in case. And without too much hassle.

  • @nick_bolton
    @nick_bolton 9 місяців тому +4

    Congratulations on the move and the developments with your business Rafael 🎉

  • @ichbins-oc5wp
    @ichbins-oc5wp 8 місяців тому

    How do i get all the different Passports? Many countries Just allow one or two?

  • @mrbabyhugh
    @mrbabyhugh 9 місяців тому +11

    7:12 I really like Turkey, but their political position is too confusing. If it weren't then it would be almost perfect, so I am considering Greece.

    • @37tara
      @37tara 9 місяців тому

    • @vacancierpermanent1238
      @vacancierpermanent1238 8 місяців тому +2

      Turkey and Greece are the two more dangerous countries when it comes to earthquake risks, I just can consider myself living constantly under that threat

  • @2020Bookworm
    @2020Bookworm 7 місяців тому +6

    After you finish buying everything that you need, There's nothing left to do.

  • @AmbaiWakai-fx1si
    @AmbaiWakai-fx1si 5 місяців тому +107

    I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.

    • @christiandawson-xt3vs
      @christiandawson-xt3vs 4 місяці тому

      It's very obvious that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.

    • @christiandawson-xt3vs
      @christiandawson-xt3vs 4 місяці тому

      I will advise you to seek the help of a professional because it’s really hard to create a strong professional portfolio. This will help you to achieve your goals and long term financial objectives

    • @nevesparker
      @nevesparker 4 місяці тому

      That's true,. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on UA-cam.

    • @Sydney-wq5cb
      @Sydney-wq5cb 4 місяці тому

      Many won't accept this truth but allow them, they'll understand when they become bankrupt as a result of unavoidable losses trading from mere UA-cam videos.

    • @JamesWilliams-xd6by
      @JamesWilliams-xd6by 4 місяці тому

      I will advise you stop trading on your own if you keep losing. I don't trade on my own anymore, I always required help From my personal financial advisor "Emily Jason 🙂

  • @mdarkman
    @mdarkman 9 місяців тому +21

    The best thing about being wealthy is not having to worry about where you need to live. If you love Europe, then live in Europe. Living in UAE, a place that potentially won't like, to save on taxes, doesn't make you a wealthy Expat.
    If you do like Dubai though, then move to Dubai but don't do it for the taxes.

    • @EnderViBrittania
      @EnderViBrittania 9 місяців тому +9

      That’s a short-term thinking silly position. Taxes are obviously important to manage to remain wealthy. Difference between rich and poor is poor like to spend like a drunken sailor (not managing taxes is the same as spending a lot), vs. rich control spending and taxes.

    • @ecnalms851
      @ecnalms851 7 місяців тому +5

      ​@@EnderViBrittania ​Not that simple, especially where I'm from. In UK, economy has stagnated for 13 years and wages have stagnated for 15 years. House to wage earnings ratio in 1970s/1980s was 3, now in 2023 it is around 8 and so houses have become much more unaffordable. In USA, middle class has been declining for decades as well as trade union membership. In 1960s, 1/3 of workers were in a union, today it is just 1/10. Since 1978, the CEO compensation among America’s 300 biggest companies has gone up 1,460%, while the typical worker’s pay grew by just 18% (both adjusted for inflation). So, while some poor people do engage in careless spending, the vast majority of poor people are not poor because they like to "spend like a drunken sailor" - there are many issues surrounding it.

    • @oujisanhikari18
      @oujisanhikari18 4 місяці тому

      agreed

  • @MariaBelenSeyssInquart
    @MariaBelenSeyssInquart 9 місяців тому +1

    I have those TWO passport mixes. I am Argentine Austrian. So I have Mercosur countries available and the EU.

  • @Harry-dd2xl
    @Harry-dd2xl 9 місяців тому +8

    It's not what you think. I'm from the west and lived in the US all my life and lived now in DUBAI and It's almost like slavery if you work for a company. If you have a business and want to build a business here in DUBAI then okay you'll be happy to be here in DUBAI. But, trust me salary here even with a degree is so low with slavery hours of working. There's even no overtime. Even traffic in dubai and accident are a huge massive problem!!! Youll never even reach home! So, please think about it to save you some headache.

    • @Dianek07
      @Dianek07 8 місяців тому

      Working in the US for a company is not slavery here? There's no traffic in the US? It's the same exact thing here. At least in Dubai you are safe walking outside in the streets. In the US you are not even safe in broad daylight. Have you been here in the past 3 years? It is completely different here now. It's a complete shithole.

    • @ecnalms851
      @ecnalms851 7 місяців тому +4

      I also recently learnt about the Kafala system which majority of gulf states have and if I'm correct exploits many migrant workers, particularly from Pakistan, India, Indonesia, etc..

  • @antoniobrasse7157
    @antoniobrasse7157 9 місяців тому +9

    I know a lot of amazing folks in Dubai, I have business connections and have visited. It's great but I just can't see myself living there. The lifestyle is too crazy.

    • @WestCoastAce27
      @WestCoastAce27 9 місяців тому +5

      Only if you choose that lifestyle. There are many neighborhoods away from the hustle/bustle where people live very quiet lives.

    • @alejandrosmusic8685
      @alejandrosmusic8685 9 місяців тому +2

      Dubai is all about options man

    • @stereoheartsrnb
      @stereoheartsrnb 9 місяців тому

      Crazy in what way?

    • @antoniobrasse7157
      @antoniobrasse7157 9 місяців тому +2

      Dubai isn't generally a healthy environment for single foreigners. The fact of the matter is that most people get caught up in that life and let's be honest, it's promoted and allowed by the government. It's easy to say you don't have to partake in it but the singles that move there are going there with the intention to wild out. Any westerner that is single not looking to be high and partying and whatever all the time, they don't move there. I do see families there and that's a little different. Usually they end up there specifically because of work and the much higher salaries.

    • @EnderViBrittania
      @EnderViBrittania 9 місяців тому +2

      @@antoniobrasse7157 You don’t seem to understand independent thinking. If you’re a sheep, then you will copy other singles. If not, you will do what is best for you.

  • @hamza2038
    @hamza2038 9 місяців тому +1

    What is the tax exemption in Greece?

  • @TkSebastian
    @TkSebastian 9 місяців тому +1

    So will u be providing service to set up business in Dubai in future .I am planning in a year .

  • @aguafria9565
    @aguafria9565 9 місяців тому +6

    Tell us you're living in Italy without telling us you're living in Italy.

    • @besharp1998
      @besharp1998 9 місяців тому

      I think Spain because he's now a Mexican citizen. He's probably shooting for Spain and he said Turkey was the other place.

    • @FrozenSkyy
      @FrozenSkyy 9 місяців тому +1

      ​@@besharp1998but Spain doesn't allow dual citizenship with Serbia / Turkey.
      And italy doesn't naturalize in 2 years.
      So this is still a mystery 😮

  • @chizzlemo3094
    @chizzlemo3094 9 місяців тому +8

    Who knows how WW3 plays out. I think Africa and Latam might end up being the only safe places in a real global conflict

    • @mikiradivoje9902
      @mikiradivoje9902 5 місяців тому

      Serbia is neutral

    • @RK-cj4oc
      @RK-cj4oc Місяць тому +1

      As soon as the EU and US are distracted the Serbs are going to take Kosovo and Republica Srpska.

  • @Dougrime
    @Dougrime 7 місяців тому

    What do you have to pay in taxes (percentage) if you have a primary residence outside of the U.S. but are still a U.S. citizen?

    • @VittoShulman
      @VittoShulman 6 місяців тому +1

      it is not so easy. If you live outside US you only have to pay taxes if you make over $150k taxable income? - forgot the exact amount but there is a large exemption. Then you also have credit for income taxes you paid in a foreign country. So most US expats living abroad don't pay any taxes to US.
      But it is tax filing and foreign bank and investment reporting requirements which annoy everyone. You have to file tax returns and report everything even though you don't owe any taxes and penalties for not filing are outrages.
      One caveat: if you have income coming from US and live abroad full time then that income is taxed as if you are at home. Foreign exemptions and tax credits don't apply to it.
      If you live abroad and making more than $150k and not paying any taxes to foreign country you will pay US may be 25% on average, there is sliding scale the more you make the more you pay 15-35%.

  • @ciaransheil563
    @ciaransheil563 9 місяців тому +3

    Ireland is an excellent option IMO, Unfortunately I'm from Ireland so I can't be non-dom here.

  • @_truthful_q_
    @_truthful_q_ 9 місяців тому +19

    So, he did business and brought people to Dubai, then asked for a passport, and they said no, so he said fine, imma tell people what's up, and started looking for alternatives.
    So, the question is, if they had given him a passport, would he have stayed? 🤔

    • @Naija4K
      @Naija4K 9 місяців тому +1

      You don’t need a passport… if you want one you have to invest a lot in that country…

    • @_truthful_q_
      @_truthful_q_ 9 місяців тому +1

      @@Naija4K Yeah, but if your hobby is collecting passports, it might upset you 🙂

    • @metavio7
      @metavio7 8 місяців тому +12

      No he wouldnt have too many things wrong with Dubai most peoole cannot talk about since the law states u criticize Dubai u go to jail thats why u never hear anything negative about Dubai from people living there everyone afraid to go to jail!

  • @petesudomo
    @petesudomo 6 місяців тому

    I don't understand the maps. What are the colours mean ? Could you please explain it to me please ? Thank you so much.

  • @ashokarora7711
    @ashokarora7711 8 місяців тому +1

    can someone please point me where in the video this guy tells about his passport countries

  • @mrbabyhugh
    @mrbabyhugh 9 місяців тому

    6:17 Greece residency is where I am considering for Schengen access.

  • @liiontommy
    @liiontommy 7 місяців тому +6

    6:00 so basically you were telling everyone to move to Dubai before regardless of if it was the best option for them for the benefit of your business but now since you have a more international focus you will recommend more places? Right

  • @ElizabethWarrenYeahYeah
    @ElizabethWarrenYeahYeah 9 місяців тому +1

    I've got 2 passports. Dual nationality and it's handy

  • @EK-hj5de
    @EK-hj5de 9 місяців тому +17

    I'm pretty sure you're in Spain : As you're Mexican citizen and for former Spanish colonies, it's 2 years to get the citizenship ;)

    • @kosmicheskiprah
      @kosmicheskiprah 7 місяців тому +1

      And the blurred image in 1:23 is of Barcelona. Estaba pensando lo mismo.

  • @Vierett
    @Vierett 5 місяців тому

    I have an EU passport and have lived in the UK for over 5 years, so I soon can apply for citizenship and get another passport here. I'm confused. In one of the videos you mentioned that if I wanted to move to a tax-free country, I would need to cut ties with my previous countries so they don't treat me as their tax resident when I do business somewhere else like Dubai. I'm wondering if getting citizenship here wouldn't be creating such a tie?

  • @zachattack7300
    @zachattack7300 9 місяців тому

    You can get UAE nationality if you invest like 4 million dollars?

  • @Hiitsme7370
    @Hiitsme7370 5 місяців тому +2

    If you need uae passport best way is to marry a local lady in dubai if she loves you and then work in cid for years and retire may be as a gift you will get passport
    My indian friend whose father married a local lady and worked in cia for years and as a retirement gift his father got the passport…

  • @jmcordadetente
    @jmcordadetente 9 місяців тому +1

    Hi Brother
    We met in Asia
    Glad to see the evolution of your channel and business 🔥
    Excellent work !

    • @WealthyExpat
      @WealthyExpat  9 місяців тому

      Awesome thank you !!

    • @rampageskys5543
      @rampageskys5543 6 місяців тому

      Hi how do i get multiple citizenship so i can be on a safe side....i have no idea how or were to start from...would be nice if you did a video on how to go about this​@@WealthyExpat

  • @gainz6180
    @gainz6180 9 місяців тому +13

    Everybody talking about Ireland, Malta, Greece, Portugal, Spanish citizenship, they are so off. I am guessing you are living in Italy with the tax exception, in the sardegna region… tell me if im right

    • @slipperiolo
      @slipperiolo 9 місяців тому

      how does one get tax exemption in italy? i tried getting passport in italy thru family but couldn’t

    • @WestCoastAce27
      @WestCoastAce27 9 місяців тому

      I’m amazed no one is mentioning Panama.

    • @peterpeter8217
      @peterpeter8217 9 місяців тому

      @@slipperiolo If i'm right it's an one time investment of 100.000 euro and than your income outside italia is tax free. It's something like that. Greece has also some kind of program..

    • @gainz6180
      @gainz6180 9 місяців тому +2

      @@WestCoastAce27 panama doesnt allow dual citizenship and its hard to naturalize there, consider it mainly for residence or creating legal structures

    • @kooldude123
      @kooldude123 9 місяців тому

      Panama isn't in europe bro@@WestCoastAce27

  • @skranz7790
    @skranz7790 9 місяців тому +2

    Nice chess moves! I'm guessing Greece or maybe Portugal. But, it seemed like you gave a "tell" for Greece in the video without being explicit.

    • @TruthHighway
      @TruthHighway 9 місяців тому

      Another commenter suggested Spain.

    • @skranz7790
      @skranz7790 8 місяців тому

      @@TruthHighway He has said in past videos he won't go that route because too many negatives with Spanish citizenship.

    • @n.8899
      @n.8899 8 місяців тому

      Greece????? 😂😂😂 one of the worst and shittiest tax regimes in Europe

  • @OM-df9lj
    @OM-df9lj 7 місяців тому +4

    Honestly I have no idea how can one leave in Dubai for more than 1 week...the weather is horrible

    • @daadirfaarax1120
      @daadirfaarax1120 4 місяці тому

      The Westerns don't know the harsh reality about UAE. Besides worst weather ever, they treat you as you are an easy prey which means they can take your money in a second, and put you in prison. Whether you carry American passport or British passport no one will save you from those animals.

    • @Saif_msms
      @Saif_msms 3 місяці тому

      @@daadirfaarax1120if you break the law you deserve the prison.

  • @wildanrizaldy
    @wildanrizaldy 9 місяців тому +1

    please tell us more about tax exemption

  • @HasanKhan-dt1lk
    @HasanKhan-dt1lk 8 місяців тому +1

    awesome growth mindset dude, not letting anything hold you back

  • @MISTA_LOVAH
    @MISTA_LOVAH 5 місяців тому +4

    So basically what you’re saying, is that you don’t have enough money to be considered wealthy to gain citizenship of Dubai…. So why the channel name “Wealthy Expat”? 😂🤣

  • @mate-way
    @mate-way 9 місяців тому +4

    Why not to Become a citizen of Antarctica ? Citizenship of the World.

  • @ncroc
    @ncroc 9 місяців тому +1

    How do you bring your money back to the US or Canada or Britain. Is it easy?

  • @AlbionTVLondon
    @AlbionTVLondon 7 місяців тому +2

    You can change fingerprint. This is in fact the easiest thing to do. Much easier than changing face or anything else.

  • @mandyjacotin8321
    @mandyjacotin8321 8 місяців тому

    Gutsy move - I applaud you. Sharing this with my soon-to-be rich friends from the west. Appreciate your clear explaination. Thanks.

  • @Mark-fh5lp
    @Mark-fh5lp 8 місяців тому +13

    Leaving Dubai? Really bad financial decision. European countries are failing hard.

  • @bariserkancelebi
    @bariserkancelebi 9 місяців тому +15

    Excellent video, Rafael. I saw that you mentioned the benefits of a Turkish passport. I am a Turkish lawyer who specializes in Turkish Citizenship by Investment. Let me know if you have any questions

    • @oa6551
      @oa6551 9 місяців тому +3

      Is turkey tax free?

    • @AusValue
      @AusValue 9 місяців тому

      @@oa6551no it’s very high tax

    • @TDOTSE1
      @TDOTSE1 9 місяців тому

      ​@@oa6551good question 👌🏾

    • @dlukton
      @dlukton 9 місяців тому

      ​@@oa6551no.... BUT... they have a strict "physical presence test" whereby you pay no income tax if you stay in the country fewer than 183 days per year.

    • @priuss6109
      @priuss6109 9 місяців тому

      How much investment is required

  • @penguin5781
    @penguin5781 9 місяців тому +1

    If you invest 10 million , you can get uae citizenship ?

  • @junkrat1
    @junkrat1 4 місяці тому +1

    I never found the appeal of istanbul, stayed there for a month and hated it.
    It's a pain in the ass to live there

  • @larsjohansson660
    @larsjohansson660 9 місяців тому +3

    us citicens having to pay taxes abroud is so messed up!!!!!!! 😢😢😢😢

  • @CatamaranChannel
    @CatamaranChannel 8 місяців тому

    3 years in a country is nothing imo.
    5-10 years and you could/might expect a little more cooperation.
    And i'm leaving, what could be one of the "most" important reasons for refusal out of it.
    You got to figure that one out for yourself.

  • @PatrickPDC
    @PatrickPDC 8 місяців тому

    Hey Rafael. How to get a Mexican citizenship, without becoming a tax resident there?

  • @fariborzboss
    @fariborzboss 9 місяців тому +1

    Thank you for a great content. Enjoy all your videos. ❤

  • @StopAllCrime
    @StopAllCrime 4 місяці тому +1

    It's really sad that the world has once again become divided. Not only is the world divided, but the U.S. is at it's worst

  • @NoneStopDamage
    @NoneStopDamage 9 місяців тому +2

    L built his whole brand off Dubai and left himself lmaooo

  • @chicago9458
    @chicago9458 9 місяців тому +11

    He’s been click baiting for so long now he had to say it, this one is not a clickbait 😂😂

    • @chicago9458
      @chicago9458 9 місяців тому +2

      I would never subscribe to channels like these but we have to continue to feed their egos with a fraction of pennies worth of comments :)

  • @accountabilitybrotherhood
    @accountabilitybrotherhood 9 місяців тому +10

    Congrats Brother, looking forward in doing business with you and your team soon . 🎯

    • @WealthyExpat
      @WealthyExpat  9 місяців тому +4

      Awesome excited to work with you !!

  • @melhoresprodutos8899
    @melhoresprodutos8899 9 місяців тому

    if I have the Spanish Passport or Portuguese Passport is more easy have the Turkish Passport?

  • @micomarinas2753
    @micomarinas2753 9 місяців тому +2

    what other citizenship you already have aside from st.kitts and mexican?

    • @besharp1998
      @besharp1998 9 місяців тому +1

      He said Serbia in previous videos. So that makes Mexico, Saint Kitts, and Serbia. He’s now going for Turkey and some Tier 1 passport.

    • @micomarinas2753
      @micomarinas2753 9 місяців тому

      @@besharp1998 where can I see or watch the cbi program of serbia?

  • @JxRedd
    @JxRedd 8 місяців тому +1

    How long does it take to become a dubai/UAE resident to qualify for 0% tax?

    • @jonathanpeters838
      @jonathanpeters838 8 місяців тому

      Fast - less than 30 days per the video. Takes longer to change your tax situation in your local country.

  • @richard09able
    @richard09able 9 місяців тому +6

    OMG, you left Dubai 🙀

  • @AK-zt8vo
    @AK-zt8vo 5 місяців тому +1

    You are an online immigration solicitor?

  • @solarischronos784
    @solarischronos784 9 місяців тому +2

    well UAE isn't a money begging country. bribing them wont get you a passport

  • @NikolaiW
    @NikolaiW 9 місяців тому +1

    very wise move from you with your company. I am looking to become a client of your company in the near future!

  • @thewildmustangisfast
    @thewildmustangisfast 7 місяців тому +1

    How can you have more than 4 citizenships ? Even in Europe there is a limitation.

  • @fjuniverse-sk
    @fjuniverse-sk 9 місяців тому

    Hello thank you for sharing your story and so many usefull informations! :)

  • @NomadElite
    @NomadElite 9 місяців тому +2

    Scared of being sandwiched bro? You do have some crazy countries around you. I'd never invest a penny in that region!

  • @bert8807
    @bert8807 8 місяців тому +2

    Unless you have a lot of taxes to pay on a lot of money and are willing to spend a lot of money on a business or some other loophole and are willing to leave your family behind, because you are going to be very lonely, it may not pay to go through all that riggamorrow just to avoid taxes. What we need to know is what is the Tresh hold in terms of dollars for all this expense to be worth the gamble and uprooting of your entire life. And even then I don't know if an amount would be accurate in terms of one size fits all. One may be better off staying and looking at other options. If you know who can get away with not paying his taxes, then we should all be not paying or mitigating our taxes.

  • @1nwfo
    @1nwfo 3 місяці тому

    Well i lived in Middle East for up to 20 years and to build up a business from scratch is kinda impossible, middle east got a different scope for a foreign residents specially in long term living , the flexibility of running a business or moving out among jobs is quite hard, if i got a rigid structure that qualifies me to build up a businesses i’d rather choose a different place than Middle East for multiple reasons one of them is to be fully independent controller of my own business without any restrictions. Eventually it depends on what you want to have.

  • @abhilashpatel6852
    @abhilashpatel6852 7 місяців тому +1

    Bro's hobby is passport collector

  • @lenso010
    @lenso010 3 місяці тому

    how did you lower your tax as an US citizen . Do you have video for that ?

  • @soon58200
    @soon58200 8 місяців тому +1

    Can you make a video about Malaysian passport?? This passport has visa free travel to China from December 31,2023

  • @Sodainspace
    @Sodainspace 8 місяців тому +2

    Thank you for exposing Dubai, it’s not what it used to be.

  • @ahmadbadran982
    @ahmadbadran982 6 місяців тому +10

    Chill bro stop chasing

  • @farooqkeita700
    @farooqkeita700 8 місяців тому +1

    Brotha you need more than 4 or 5 million for a uae passport.. love your videos, best of luck in your new ventures

    • @zerma6
      @zerma6 7 місяців тому

      He been smoking . Even people with 50mil investment been denied .

  • @almeladze
    @almeladze 8 місяців тому +1

    Dubai may have lower taxes than the West but sht is sooo expensive there (even compared to Manhattan), might as well pay taxes

  • @metavio7
    @metavio7 8 місяців тому +12

    Sweetheart lets BE REAL Dubai sucks I lived there 4 months and happily moved back to the US too many things wring with Dubai. One being no freedom, cannot criticize it or you go to jail, poor air quality, scammers abound. Nah Dubai sucks and its only one little city u cannot compare Dubai to whole countries its stupid

    • @abidali6712
      @abidali6712 6 місяців тому

      Yikes! so it's not the influencers paradise it is shown to be be 🤣 there was reason that for millenia humans weren't interested in getting roasted in hellish heat! not even at the bottom of the list of places I would visit....

  • @thewolfofstreetfood
    @thewolfofstreetfood 9 місяців тому +2

    This video is pure GOLD

  • @ftr998
    @ftr998 9 місяців тому +7

    You left Dubai for turkey? For real?

    • @pures1n
      @pures1n 9 місяців тому +4

      Obviously spain w/ beckham law. In 2 years he will have Spain passport.

    • @kooldude123
      @kooldude123 9 місяців тому

      you can't have dual passports in Spain though@@pures1n

  • @traderstan1438
    @traderstan1438 3 місяці тому

    Wait a minute. Don't all US citizens should pay to IRS regardless of their second citizenship or other residence? How did you avoid that by living in Dubai for the last 3 years?

  • @anacruzable
    @anacruzable Місяць тому

    I love watching this guy, he doesn't hide anything and amazing person to learn from .... RESPECT!!!

  • @matteumatteu5734
    @matteumatteu5734 9 місяців тому +1

    Whats the cheapest passport you can buy in the world?

    • @besharp1998
      @besharp1998 9 місяців тому

      I think the one in Dominica for $100K.

  • @aviationdesigner0016
    @aviationdesigner0016 9 місяців тому

    I will go for the Golden Visa, and keep renewing it.

  • @jesyryan170
    @jesyryan170 6 місяців тому

    I like to move out of Canada but I have a pittbull terrier, what places would be possible for me?

  • @2ndTim3_1-6
    @2ndTim3_1-6 9 місяців тому +7

    Totally understand Raphael, keep doing what you are doing, I have to wait until the cyrpto bull market to afford but looking forward to your help with a new residency or citizenship

    • @metavio7
      @metavio7 8 місяців тому +2

      Dubai sucks do not go there

  • @littletravelmonkey6727
    @littletravelmonkey6727 7 місяців тому +1

    You mentioned you have 3 passports. I know you have Mexican citizenship. What are the other 2?❤

  • @ChristianLeonard-ex9gv
    @ChristianLeonard-ex9gv 3 місяці тому

    Being watching for long time definitely want to moved out of uk and planning on moving somewhere that is tax free on income and nice weather thank for all of information

  • @olechkamimi
    @olechkamimi 8 місяців тому +1

    Please americans stay in usa when you move somewhere everything is going up. Prices . If you stay in usa you keep the prices high in your country only