Bahrain. I lived there in 1990 & 1991. Was not nearly as modern, trendy, and convenient as it is today, but extremely hospitable. I love Bahrain and after you've spent some time there - you will too. HRH Shaikh Isa bin Sulman was in power back then (May he rest in Peace). A very civilized, gracious, and prosperous island country. Though an island, it has everything you need...including the best tailors in the region. Bahrain is also the Banking and financial capital of the Gulf. (GCC) I've been to Dubai. It too has changed extremely since those days. I like your thoughts on the dynamism, activity, and hustle-bustle. It would be 2nd to Bahrain. Jim
I totally agree. I went to most of the Caribbean and loved it for a week but then got bored. I lived in Bahrain for many years and loved it but my business was literally stolen and after a long exhausting court case I got nothing.
Thanks for the breakdown! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
I agree that politics are too emotionally charged for people nowadays. They should stay away from it. I avoid it at all costs. Taxes I don't mine paying although I do try to reduce it also. I have established roots in the USA, and all my important family members are here so leaving it would be hard.
Forgot to mention: people who work in restraints and stores and things, cannot afford to eat the food they serve. Ask them for recommendation. They couldn’t help you. Average income of the labour workforce is $200/month. Who wants to live in a place where half of the population is treated like slaves?
And, forget about UAE , you'll be bored there and especially in summer days, when temperatures rise up to 45 degrees Celsius. I was there and know what am I saying. Visit Belarus and you will never be looking for another place to live. Regards from Canada
I love what you say about not wanting to be part of the 4 year cyclical voting cycle, team red vs team blue. Its sooo draining and I'm not about it at all.
Only visited Dubai for a quick 24 hour visit, and while I am comfortable in the Cayman Islands, I'd rather live in Mexico or Serbia etc and pay whatever taxes they want, than live in the UAE or on any tiny island. Good points about enjoying life, being surrounded by genuinely friendly/happy people makes all the difference.
Personally, I could never understand the attraction to UAE. Hot, desert, new tall buildings and shopping malls. Yes, there is a lot one can do there, but the whole thing seems artificial. Paying no taxes is nice though.
@@henrik4438 Who says US or Christianshavn, Copenhagen are atractive? Desert is fascinating for 2 days for me personally. Again, this is my opinion. I would say, if Tuscany or Provence had the same tax laws no one in the right mind would live in the UAE. It is ugly, in my opinion.
@@henrik4438 and healthcare is affordable with right kind of insurance! Ton of places with low rise and villas. There's something for everyone here in UAE!
I’ve lived in the UAE for close to 10 years and the lifestyle is hard to beat. Dubai in particular has most of the benefits of any other city (it’s multicultural, you have access to most of the shops and brands you have in the US or UK, as an expat you can have a very active social life or choose to live quietly). There are downsides of course, once the novelty of tall shiny buildings wears off you miss nature and a certain ‘quirkiness’ that you can find in other countries. That being said if you can live here and spend 3 or 4 months overseas to avoid the harsh summer heat, you can soak up all the nature and culture you miss during that time and return back to a very safe and very comfortable lifestyle. Also, it’s a great travel hub where you can take a long weekend trip to parts of the word like Africa, Seychelles or Maldives for a reasonably low price and quick flight.
Very surprised that Panama was not mentioned. I worked and lived for almost 3 years in the Gulf States, now living in Panama. Dollarized currency, climate in the highlands,proximity to US, availability of food choices (New Zealand butter, Australian wine, French Cheese, etc) Amazon deliveries very easy...
Tnx Berbo,,i live in Panama for 17 years ,,,and very happy,,im Dutch (Captain) and work all over the world,,middle East for more than 10 years,,,and now heavily into crypto trading ,,,for my pension
Haha. How do you get Amazon to work well for you? I have such a hard time getting anything sent. The whole no zip code thing really seems to mess everyone up.
Panama is really good. We pay no taxes on our property forever because it is registered as being under $125K. There are no taxes on any money made outside the country. Also we pay no Canadian capital gains taxes because we are non residents. We can buy stuff on Amazon tax and duty free if it's under $100. The only tax we pay is a 7% sales tax. One thing no one seems to mention is WHERE you live WITHIN a country is just as important as WHICH country you choose to live in.
Well, Mr. Henderson. I got tired of asking "what if." I just set an appointment to get my passport. I'm not your 7/8 figure client, but I'm not just going to sit around and wait. Keep up the work.
With Monaco you should be able to just seamlessly drive into France. Maybe now is different because of COVID, but in normal times it should be seamless
@@goldstein10493 it borders France so if you are in France just outside Monaco, 1 second. But if you want the closest city in France, that is Nice, 26 mins away
Not sure that the UAE is a place where you want to plant a flag, if you are in Transit, sure, you can spend some time there, but to live there, you have to be willing to look the other way for a lot of things. First, the incredibly racist 2 way system, the fact that for employment, companies have 2 HR departments, one for Tier 1 Passports and the other for nationalities that are being taking advantage of (Indian, Nepalese, Bengali,etc) The whole country has been built on slave labor. Further, you could be an Arab speaker, lived in the UAE for 20 years, you will always remain a stranger, despite talks of the opposite, citizenship is never granted to people besides full Emiratis. These are few examples of how the system works over there.
@@paulpierce7387 Voluntarily and paid?! They bring those foreign workers, confiscate their passports (preventing them from leaving) and withhold their pay, forcing them to repay a debt that is fictitious with the goal of taking exploiting them. You need to get informed Paul, you sound like a slavery apologist.
My retirement income is tied to the US, so I pay a ton of taxes there. Having said that I’ve retired to the Philippines as a widower. All my money is tied to US banks, and any consulting income (I still do a spot of work now and then) also goes into US banks. I pay zero Philippines income taxes on any of my US income. I moved to the Philippines, because I like the cost of living, the fact everyone speaks English, most people are Catholic (Christian values), everyone I have met is friendly, and so far my girl friend has treated me better than US women I’ve met. The only part about this “retirement” is the amount of paperwork involved in just the day to day US grind. My late wife used to do it while I was globe trotting around the world, but now I feel like I’ve inherited an unwanted job. The Philippines may be a cash society, but I get by with a minimal amount of paperwork...enough ranting. I need to be fishing.
I'm moving to the UAE in a few weeks. I discovered the UAE back in 2003. I know this sounds strange but I felt a greater sense of freedom in the UAE than the US.
freedom.. maybe for white people that already have an economic advantage over everyone and they like to cut corners and not work hard like hispanics, asians, etc
Why wasn’t Panama on this list? More fun than the middle east, no cultural hang ups with relationships or alcohol, cheaper, mountains and beaches to explore, not too remote...
@@JoeyJ1984 terrible. Ok they did well keeping the numbers under control but there’s gender restrictions on shopping, men and women can go shopping on alternative days, stuff like that. Pretty rotten to segregate the sexes like that
I have been living and working in Nassau Bahamas for the past 6 years. The lack of income taxes notwithstanding, the cost of living here is very high. Food costs 2 to 4 times as much as the USA, as do most other things. Petrol is $4/gallon.The infrastructure is very poor. The roads are like the surface of the moon and there's flooding every time there's heavy rain. The crime rate is also high. As for taxes, there's a 12% VAT on most items. If you have items shipped from abroad, the tax duties can be as much as 50%. As the availability of many items in the Bahamas is lacking, you will have to frequently order items from abroad. Before the Bahamas, I lived in Abu Dhabi for 5 years. The UAE has the best infrastructure in the world. In 5 years, I never encountered a pothole. Crime in the UAE is almost non-existent. Of course, you never have to worry about rain, but there are sand storms and heavy fogs in the winter. As for shopping, anybody who says that money can't buy happiness hasn't been to the Dubai Mall. The UAE can easily satisfy the most rabid shopaholic. Keep in mind that the temperatures in the UAE can reach 50C (120F) in the summer. This could easily kill an old or unhealthy person. As I still own property on Rheem Island worth more than 1M AED, I could easily obtain an Emirati visa. However, I don't think the UAE is a good place to retire. I've decided to live in Armenia in the summers and Vietnam in the winters.
Did you guys notice the Winter problem? I tried to solve it with a place to live where the Winters are mild and the cost of living is low: Sandanski, Bulgaria. But of course I am also a rabid shopaholic. So: I think about Thiruvananthapuram, India. (because I need a car, too;-PPPeace Nic, The Swiss Xxx Digital Nomad
There's so much to do in Monaco... The Grand Prix The Yacht Show The Best Restaurants The Luxury Brands for Shopping The Weather Of course it's expensive! You're surrounded by billionaires. So all real estate is Prime Real Estate. Even a tiny studio apartment will cost you a whole lot of money. What else do you expect? You've Got To Pay To Play, Baby
Vanuatu works for me. 80 islands, sailing, scuba diving, snorkeling, surfing and kite-boarding. The financial services sector is no Switzerland or Singapore, but the tax regime is looking pretty good compared to Canada. Wonderful people, living simple lives. Plus, like a bunch of Pacific island nations, they shut their borders for Co-Vid, but life continued on the ground without ridiculous lockdowns and confinement. Surf's up !
I dont think he said you have to be stuck in Vanuatu to get the tax benefit, he said you dont need to. But the hypotethical question was if for whatever reason you had to be where would he go
I live in Abu Dhabi and personally feel both Dubai and Abu Dhabi are amazing cities to live in. English is an official language, about 88% of the population are expats from all over the world, and the people are very friendly. Abu Dhabi is identified in numerous studies as the safest city in the world, with Dubai not far behind. With the global diversity in cultures, you have the opportunity to get to know people from all over, including countries sometimes considered verboten, such as Iran, Iraq, Pakistan, Syria, Beirut, etc. In doing so, you discover that people the world over have common core values. At their heart, all people want is just to live their lives in peace, and to make a better life for themselves and their families. Somehow, in the UAE, it just works.
Leave the grumpy, psychologically damaged west and find nice people, sane people, attractive (inside and out) people. Enjoy the freedom of smiling at someone without them thinking you are crazy. Where you can say hello to a woman without her calling the cops.
So true... Sadly eastern Europe is the same now. I think maybe Mexico and Colombia are left ,maybe part of Brasil. But the feminist disease hit them too
UAE is not for me. Worked there for 4 months and passed thru at least 20 times. Those big shiny buildings were and are being built with slave labor. This is an Arab kings wet dream and much less so for the 3rd world nationals who make up 90% of the population....working 6-7 days a week, living with multiple roommates to make ends meet. Taxi drivers are fined 4 days pay for missing a day and so choose to work every day and have miserable lives with no time off. Dubai is probably the sex trafficking capitol of the world. Prostitution is rampant. Women are exploited on a grand scale. The great kings own wife and daughter tried to flee the country to get away from him. Whats there to do? If you have money you can shop until you drop, eat out, hire a prostitute and then do it again tomorrow. Summers are 120F plus everyday. Writing a bad check or going into debt will land you in prison with no rights. Western women who have been raped have been charged with sex crimes when reporting to police. Its a hypocritical culture thats part Koran and part Las Vegas. Not sure what the draw is Andrew though its interesting the first few times but #1...hell no.
I like what you said about Americans enjoying getting all political. 😂 I am living in the Philippines and it has been a serious adjustment for me going from being all political to not so much. I came to realize that the only real change I can make is in the voting booth.. to vote. Everything else is pretty much a waste of time and energy. Better to spend my time enjoying my life. 💕
Love the channel and the content. Not so sure about the UAE. Love the Middle East however think they are about to hit the buffers again. Dubai, isn’t a financial centre like London, Singapore or New York, and course there is alway the human rights issues and general business ethics.
UAE, Dubai, especially with the world islands being built up over the next decade. I should add I left San Diego CA in December and now live in UAE. It has elements of the convenience of the US, has cafe culture like Europe, some great South African restaurants, bars and cafes. Asian influences in some of the hotels and resorts. Geographically positioned very well. I'm actually doing as you say and bringing my parents out here and my sister already lives here. Dubai is definitely the most liveable city in the gulf, plus you can go scuba in Fujairah, mountains in Rak, ski in the mall and great beaches.
@@rubiks15 90% expats, tons of Brits & Aussies. Haven't even considered language as a barrier since we got here. My sister says after 6 years of being here she's never had a language issue.
Oh yeah. You get all there. Close to other countries too. Am thinking of moving there myself. Been flying there every 2/3 months before Covid. Am so addicted to that place. Hahah
The world islands, is that a joke? They’ve been trying to build that since 2008, and have no plans to actually make it a reality. It’s a failure of a capital project, and people should be looking elsewhere.
San Diego ...love that place. UAE has some cool cities and for safety, cleanliness and Peaceful living it’s great. Just got to watch out for the Dubai douches - lol
Years ago, I would have said that someone who wanted to renounce US citizenship/live outside CONUS full time was a nut. Nowadays with the current political and socio-economic climate here in the US, I can understand why people- especially those of means, would do it. Leaving the US/ renouncing my US citizenship is not a realistic option for me, but if it is for you, rock on. If everyone lived with the attitude of "you do you, I'll do me" and not try to control others' lives, the world would be a much better place.
There's no perfect country. My husband and I (UK) have lived in 8 countries and travelled to several others. We've been in the Middle East for a number of years and decided to retire in Bahrain, Amwaj Island, from where we can hop to Dubai for entertainment whenever we wish. Sure, there are a few things we have to overlook here, but overall this has been a good option for us.
The UAE!!! Are you Joking! So you even know the COST of everything there? Guys, please check out the cost of things like housing & kids education before even thinking of UAE! It's a nice place to live, provided you have deep pockets.
I like hot weather but UAE in the summer would be just too much. I would do the Bahamas. Grand Bahamas is different than Nassau which is different from Marsh Harbour which is different from the Exumas. Also, I expect that it will develop quickly over the next two decades.
It is, indeed, not easy to get citizenship. But fortunately you can get residency with a home purchase. Right now our winter residency is between Bahamas, Turks & Caicos. Vietnam, Malaysia, philippines and maybe Dubai. They are all either tax free or only tax those who are resident for more than 180 days per year.
@@KJ-bc3de Right now I am still a U.S. tax resident. With the foreign earned tax credit we have about 220K USD that is free from tax. We are not there yet. But that is the intent, so, we are pointed at CBI and renunciation. At that time I will rely on Andrew's counsel on such matters.
Definitely agree with your sentiment about being somewhere where the people are nice. It makes such a big difference! We've been living in Nicaragua for the last year and the people around us have made us feel so welcome. Also loved how you called out Bangladesh for having super friendly people - that's been our experience as well!
What about Oman? It's tax free and also quite a liberal country in the region. You mentioned that you prefer the UAE to Bahrain and Qatar because they are too small, but what about Oman. Oman is the 2nd largest Arabian Gulf state after Saudi Arabia. The capital Muscat has come on leaps and bounds over the last 10 to 20 years. It's got less of the international flavour as a City like Dubai for example, but it is still a very comfortable modern city to live in. There are also many more places to visit and see in Oman. While the UAE seems to be the go to place for most people, I personally think that Oman is a little bit overlooked.
For me, Turks and Caicos, English language, UK jurisdiction, American dollars currency, good doctors Christian religion, nice turquoise colour water, close to USA for holiday, and other Caribbean countries. Low crime.
Great video and 100% correct in my opinion. I live in Dubai since 2009 and indeed is a great place. Easy, friendly people, great lifestyle, eight months of great weather, safe for the kids and ability to save a lot of money (you can spend a lot too though). No intentions to go back to Spain anytime soon.
how can you compare Spain rich history, culture, arts, architects, European life style and intelligence and freedom of expression as human and faith. with only saving money is not the real happiness and you or your kids never will be that country citizen....that's a slap on the face and disgrace to humanity....think about it
@@skyone6531 wow - people who have lot of cash - can easy say -“ money is nothing “ try to live without money “ if you ever try , you will never say it again -money is nothing ….
Can you do an update on Hong Kong in light of recent political developments as a low tax destination? Used to be a great low tax jurisdiction about 4-5 years ago but now seems like it's going to lose its status as a financial center.
UAE is a great place for vacation, but you never know when the economy takes a downtrend there and they turn against foreigners. You will be on visa there because they don't want foreigners to becomes citizens there. I won't even mention religion. If you're not the follower of the same religion, they can complicate your life quickly.
I thought non-natives were fleeing the UAE? Family member was fined TWICE for wearing shorts in the mall. So maybe UAE is ok for men, rather than women?
just learn to follow the rules? if dressing like a garden tool is part of your 'must haves', then UAE probably isnt the place for you. but westerners could use a bit of moderation in their lives
Russia is almost tax free - 13% flat income tax and 0% long term capital gains tax. Major metropolitan cities like Moscow and Saint Petersburg, world class education, healthcare, and culture. No extradition to the USA. Want warmer climate? Live in Sochi. Predominately European Christian culture. Women - some of the most beautiful women in the world.
Prices and taxes had gone up pre-COVID in Dubai and AD. AD is the largest land owner and has all of the oil and gas. Dub. is still reliant on tourism, in spite of diversification. Dub. introduced higher charges on hotel rooms several years ago. The UAE as a whole introduced VAT (lower than Europe) several years ago. Rental contracts go up and down as the UAE gov't and Emirates govt's remove a rental cap. Accommodation quality is variable as developers have used cheap materials over the last decade (several fires in Dubai documented). Yes, if you have plenty of money, it's no big deal if you do your research. The UAE is not the frontier economy as 20 years ago where expats could earn staggering amounts as a salary, but nor is it tax free. Taxes are there but indirect. Yes, life can be stress free or as crazy as you want in UAE, or connect with the natives with camels and a picnic in the desert. It's up to you. Your white skin and money will gain you some respect and some freedoms. FYI, I lived in AD and Oman for 6.5 years (mostly AD and Al Ain) and visited Dub. from time-to-time until 2.5 years ago. Life got more expensive and salaries did not keep track with the locals.
I’m into Belize! English language, Belize Peso. One time property tax, No Inheritance tax, no capital gains tax. It’s easily accessible to Florida. It’s a developing economy. But also $130k Canadian gets you a decent home in Dubai.
Great content. I completely agree with the intangibles like "are the people around me genuinely kind.". Another one for you: "do the locals only see me as a walking dollar sign?"
I like most videos by NC, but dislike this one. Being able to protest is not some kind of futile preoccupation for complainers. It's being able to use a public space to express your dissatilfaction when the government overreaches. In most UAE countries, you can get arrested on a whim -- if they think you have been using or importing or selling narcotics or alcohol, or if somebody says you've been urinating in public, or if you've taken the wrong photos, if you've made the wrong kind of post on social media. The idea of "I'll just leave if they start bothering me" is useless once you're in some nasty-ass prison.
While I agree with the concept of living tax-free, or as tax-free as possible, after living in the Middle East for 8 years, I WOULD NOT settle in the UAE. It's TOO HOT! And because it's focused on the higher investor community, it is more expensive than necessary. Plus, they're not very dog friendly and if my dog can't go where I go, then I'm not moving there. Now, with that said, the UAE is a fantastic place to visit. There is a lot to see and a lot to do but once you've done them, it's just TOO HOT. If you're ok with temps over 130F, and you're ok with spending more for less, then go for it.
I live in Dubai and My choice would be definitely Dubai. I lived in 6 countries already and Dubai is the top choice for my self and for my investment. So I totally agree with your choice. And it’s going to get better and better, the government has many good thing in the pipeline... i’m here since 2010 so not a newcomer.
My problem with Dubai is that I refuse to live in a muslim country. I've been to Dubai many times., and I enjoyed it, but I find the presence of Islam odious and incompatible with a happy life. I don't want to go to the mall, for instance, and have to hear the call to prayer blasted over the loudspeakers. I prefer just about anywhere else. I prefer to pay a bit of tax and live in the Balkans.
I agree with your stance on not worrying about politics. I spent 5 years living in Abu Dhabi and actually found it strangely relaxing not caring about local politics. I had no ability to affect local politics, if things got too bad I would just leave. I never read local news or watched local TV. It is quite liberating not to care about anything. However I found the concrete jungle, weather and dry climate very depressing in the long run, it was not just for me. I am more a tropical beach person, I am happy in boardshorts and sandals so I would prefer the Caribbean island life where you are still close enough to travel to big cities if the need arises.
UAE would not be a good choice. I've been, its crazy hot, expensive and you never know who is going to have a bad reaction to your western ways ( drinking outside of a hotel or resort) you go to jail.
Every country is a tax free country when you borrow $$$ on collateralized what ever. I use Bitcoin🤗 but you can collaterise yaughts, mansions, land, businesses, the world😄
Exactly. Waiting for lower interest rates though. I think this cycle might not have it unfortunately. When we hit the 1-2% range that will bet he dream
UAE or Qatar, but since I can't stand a "luxury lifestyle" I would rather join the bedouins. If the game rules could be twisted a bit, I would rearrange my investments and live in Switzerland or Brazil, for example, where it's possible to pay no income tax.
I would be interested in your view on personal rights especially with today’s health climate. We want to not only live somewhere with the visa free travel we would like, tax benefits, a great culture for my family, but also where we won’t have our personal health freedom infringed upon
Monaco is really a great place to have as a Autumn/Winter base for someone like me that actually likes having cold for Winter months. And 90% of the people that make Monaco obnoxious move out in October only to return in May. Restaurants get more civil, the roads are less congestionated so you can actually go fast into the hills, every single patisserie has room and is quiet and the French cities around Monaco are all deserted. Its my kind of place. Although this year I had to spend most of my winter months in the UAE, KSA and Kuwait because of friends inviting me over in I really love Monaco. EDIT: With airplane being the travel method of choice from Monaco you can get to Switzerland in half an hour, to Paris in one hour and to London in an hour-and-a-half. That's very hard to beat and the biggest problem for me when thinking of the UAE. When you finish all the partying and Cars & Coffee events in Dubai if you take the plane anywhere it takes a long time. I can go to London, get my measurements taken for some suits, have lunch at The Berkeley, go for some new bespoke shoes and shirts, have tea with some friends and be back in Monaco for dinner. That's very hard to beat.
can I discuss the monoaco ta resicendcy situation with you further? I'd like to know how I could pursue this from someone who seems like they've done it
Guys and gals, it boils down to what you are looking for (surprise!). There is no "one size fits all". Start from all the tax-free countries and decide based on your what is important *for you*. Personally, I have lived and worked in Dubai for a number of years and it suited me just fine. 4 months a year, the weather is cool, another 4/5 months its bearable but in thick of Summer - 2/3 months, better go somewhere else. Still, I'd go back in a heart-beat, but that is just me. YMMV.
I lived in the UAE, i travelled to few European countries then i moved to Sweden for the citizenship, comparing living in the UAE over Europe is legitimate, what i saw in Europe was way under my expectations and i would confidently tell you: if you are planning and have the possibility to obtain a European citizenship then it's fine to move, otherwise it's a huge mistake to come to Europe leaving the UAE if you are just planning to stay on temporary residency based on a job or a bussiness. The life style that you find in UAE is really not compared to any other place in the world, of course it's expensive but it worth it, not forgetting the numerous opportunities that opens to you in a multinational country like UAE.
For once I can completely disagree haha, I think this would be a terrible choice. For so many reasons: extremely hot and humid weather, quite expensive, lack of reason/law/order (except for the absolutely elite), their poor treatment of non-locals citizens (heck even kidnapping one of the ruler's daughters), their constant involvement in regional conflicts (and suffering retaliation), and so on and on and on.
To me Dubai and Abu Dhabi are remarkably boring and bland. And too hot. If I had to be in that area I would prefer Oman, at least it has some character. Dubai is like a bland photocopy of Dallas, TX with a side of Islamic despotism. People hang out at the Mall in Dubai, seriously. The Mall.
After reading about Sheika Shamsa & Sheika Latifa, I would NEVER go to UAE. All they wanted to do is flee UAE & go where they would be treated best. If they're not dead, they're being HORRIBLY mistreated.
@@theedesertmermaid Emiratis will just ignore you as an expat. They may not treat their own wives and daughters best, but if you can take the heat, fakeness, and complete lack of character its a fine lifestyle.
I live in China and people around me are genuinely nice every day. Striking up conversations, sharing cigarettes. I live in Shenzhen, Guangzhou as well as many small cities and villages in South China. In the small towns the average folks on the street are a bit taken aback at seeing a white guy but most have long friendly conversations, in Mandarin and especially Cantonese. The most unfriendly people are middle aged women for some reason, always preoccupied with a million worries, kids, groceries, danger here, danger there, being cautious, they're the only ones who look at you like you're the enemy. Everyone old and young are nice. Especially Shenzhen, very intelligent beautiful urban people there.
@@ДарьяЗимина-б7з Pollution is everywhere, you just check the AQI index on your phone, it's heavy in Hebei near Beijing and light in the coastal provinces. Lighter pollution than Los Angeles or Toronto. Overpopulation, I don't see it. I see people, markets, coffee shops, book shops, bars, supermarkets on every corner. If you don't like seeing people, and prefer empty streets, then you might prefer to live in suburban USA/Canada. As for life, yeah it's better for both poor and rich people. The middle class maybe have more stress than in the USA. But there's more jobs than people at the lower end, so poor people have no reason to be homeless, they can always have a job, a place to live, and healthy food, vegetables and rice.
I've been interested to know your opinion on living in an authoritarian country like the Gulf countries or Russia, Belarus, etc and what u would say to someone who wants to live in those countries but to whom that authoritarian part is holding them back and if it really is as bad as people think or really how much impact it would have in your life. Once again, u read my mind.
@@guilhermesalesferreiradaco2934 okay but this doesn't change the fact that russia (except Chechnya) and belarus are much more secular, liberal, and inclusive than gulf countries, under the circumstance that foreigners cannot change any policy in those countries.
Service level in Dubai is often not great. I give you two examples. A friend of mine lived in a building on Sheikh Zayed Road and the building was without water for two days. Another friend wanted to get their guest toilet fixed. The workers couldn’t get it done and told him not to worry because it was only a guest toilet anyway. These are just two cases that show you what kind of people you will be dealing with in Dubai.
I lived in Canada (Montreal, Sherbrooke, Brossard and Stittsville Ontario) for 12 years now and I can tell you that this stuff happened more than I can count. And the service was meh. I was even scammed by white Canadians several times.
I just moved to Vanuatu 6 months ago. People lovely but my kids not liking it bc of that reason, so far from everything. Tax free but VAT 15% and cost of living 3x higher than Australia.
It looks great lots of private equity funds invested into the Dominican Republic in 2020. We can have condominium projects with high yield 33% to 50% Cash on Cash ROI.
Your comment about Monaco (2:42) is not accurate. It is not possible to get stuck in Monaco. There are no borders with France. In many instances, France is just across the street. The airport is in Nice. In order to get a Monaco residency permit (for example, when you buy real estate there), one also needs to get a Carte de Sejour for France. If you go to Google Maps you will be able to see what I mean. And in normal times, there are no border controls to go to Italy, for example (just 15 km from Monaco).
I would love to see a “pandemic passport portfolio” video where you cover the citizenships or residencies that turned out to be really good for low Covid infections and restrictions and lockdowns.Those might not have been in your usual favourites. Places like NZ, south korea or remote Pacific islands seemed to have been great escapes from the chaos
It's not the low cases but the normalcy of life I'd look for, a maskless society with free hugs😁. All over the world there has been the flu for years and the majority of population didn't care, nor choose a home based on those stats.
@@markcranston3145 Well said. Glad you have done your research. I'm not going to be afraid when 99% of people recover! It's the fake news that's the v I r u s.
When it comes to retirement, I am surprised so little is discussed about health care: many of the tax free or reduced tax countries can become very expensive if they don’t have a reliable and affordable national health system available to you. Same could be said about nomads with family and schools/education. Single and young people on the other hand have little reason to live in high tax countries with generous social benefits like it is the case for most of Europe
David, the healthcare system in Colombia is excellent and the people are warm and welcoming. Pablo Escobar died in 1993 and Colombia has transformed. If healthcare is a concern, living in a city like Bogota' or Medellin gives you access to world class health care and almost anything else you might want or need.
@@prestontucker1687 100% between October & May the rest of the year Monaco is inundated with car people & onlookers it's a little much ... anywhere all the time is a little much anyways. I'd say sure @ least with a lot of spendable $$$ you can have excellent accommodations 🥂 & Nice is 15mn in helicopter to jet off.
"I just want to enjoy my life" ... Great line.
@@twnb7733 How old was Noah when he passed over?
@@twnb7733 but less than 1000...
@@LAHEX-yt6ux Dr Masuru Emoto has done fascinating research in sound...
Great view, great human. 🌞
I wanted to like this comment but it's exactly at "100" likes so I just let it be.
The UAE just introduced taxes on corporate profit on 9%. no longer 0%.
Bahrain. I lived there in 1990 & 1991. Was not nearly as modern, trendy, and convenient as it is today, but extremely hospitable. I love Bahrain and after you've spent some time there - you will too. HRH Shaikh Isa bin Sulman was in power back then (May he rest in Peace). A very civilized, gracious, and prosperous island country. Though an island, it has everything you need...including the best tailors in the region. Bahrain is also the Banking and financial capital of the Gulf. (GCC)
I've been to Dubai. It too has changed extremely since those days. I like your thoughts on the dynamism, activity, and hustle-bustle. It would be 2nd to Bahrain. Jim
I totally agree. I went to most of the Caribbean and loved it for a week but then got bored. I lived in Bahrain for many years and loved it but my business was literally stolen and after a long exhausting court case I got nothing.
Thanks for the breakdown! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
I agree that politics are too emotionally charged for people nowadays. They should stay away from it. I avoid it at all costs. Taxes I don't mine paying although I do try to reduce it also. I have established roots in the USA, and all my important family members are here so leaving it would be hard.
Forgot to mention: people who work in restraints and stores and things, cannot afford to eat the food they serve. Ask them for recommendation. They couldn’t help you. Average income of the labour workforce is $200/month. Who wants to live in a place where half of the population is treated like slaves?
Monaco is 2.1Km2 but either way bloody small
When you‘re in Monaco you can go to France and Italy any time and on a daily basis.
And, forget about UAE , you'll be bored there and especially in summer days, when temperatures rise up to 45 degrees Celsius.
I was there and know what am I saying.
Visit Belarus and you will never be looking for another place to live.
Regards from Canada
I like my island.
What part of the world?
@@successandlifestyle I live in The US Virgin Islands.
I love what you say about not wanting to be part of the 4 year cyclical voting cycle, team red vs team blue. Its sooo draining and I'm not about it at all.
Liked and subscribed at “I just want to enjoy my life”. Same here. Same here!
Only visited Dubai for a quick 24 hour visit, and while I am comfortable in the Cayman Islands, I'd rather live in Mexico or Serbia etc and pay whatever taxes they want, than live in the UAE or on any tiny island. Good points about enjoying life, being surrounded by genuinely friendly/happy people makes all the difference.
Youre not enjoying the caymans? What are you finding you dont like? I heard it was one of the more liveable, and expensive Carribean Islands
indoor skiing mountain. bro i'd just live in dubai.
Hey are you still in the Cayman Islands? We’re considering moving there from the Bahamas because it’s much more modern and has little to no crime
Dubai way too hot. Some things are worth paying money for (e. g. climate).
Personally, I could never understand the attraction to UAE. Hot, desert, new tall buildings and shopping malls. Yes, there is a lot one can do there, but the whole thing seems artificial. Paying no taxes is nice though.
@@henrik4438 Who says US or Christianshavn, Copenhagen are atractive? Desert is fascinating for 2 days for me personally. Again, this is my opinion. I would say, if Tuscany or Provence had the same tax laws no one in the right mind would live in the UAE. It is ugly, in my opinion.
@@henrik4438 and healthcare is affordable with right kind of insurance! Ton of places with low rise and villas. There's something for everyone here in UAE!
Sounds like Phoenix 😂
Totally agree with you, Dubai sucks
No taxes means they will only grow
I’ve lived in the UAE for close to 10 years and the lifestyle is hard to beat. Dubai in particular has most of the benefits of any other city (it’s multicultural, you have access to most of the shops and brands you have in the US or UK, as an expat you can have a very active social life or choose to live quietly). There are downsides of course, once the novelty of tall shiny buildings wears off you miss nature and a certain ‘quirkiness’ that you can find in other countries. That being said if you can live here and spend 3 or 4 months overseas to avoid the harsh summer heat, you can soak up all the nature and culture you miss during that time and return back to a very safe and very comfortable lifestyle. Also, it’s a great travel hub where you can take a long weekend trip to parts of the word like Africa, Seychelles or Maldives for a reasonably low price and quick flight.
True
I think Neom is going to be the place to live in 5 years
#endslaveryDubai
Very surprised that Panama was not mentioned. I worked and lived for almost 3 years in the Gulf States, now living in Panama. Dollarized currency, climate in the highlands,proximity to US, availability of food choices (New Zealand butter, Australian wine, French Cheese, etc) Amazon deliveries very easy...
Tnx Berbo,,i live in Panama for 17 years ,,,and very happy,,im Dutch (Captain) and work all over the world,,middle East for more than 10 years,,,and now heavily into crypto trading ,,,for my pension
Haha. How do you get Amazon to work well for you? I have such a hard time getting anything sent. The whole no zip code thing really seems to mess everyone up.
Panama has tax
@@MCWhiffles only on money generated from within Panama. Which for most expats living here is $0.
@@chazsroczynski5666 That still does not make Panama by definition a tax-free country which is why he did not include it in his list.
Panama is really good. We pay no taxes on our property forever because it is registered as being under $125K. There are no taxes on any money made outside the country. Also we pay no Canadian capital gains taxes because we are non residents. We can buy stuff on Amazon tax and duty free if it's under $100. The only tax we pay is a 7% sales tax. One thing no one seems to mention is WHERE you live WITHIN a country is just as important as WHICH country you choose to live in.
Hi, I’m also Canadian and the taxes on me are driving me crazy. I have loved in Mexico is Panama more modern then Mexico in your opinion?
Hey im considering doing my residency in Panama. Is there Amazon there?
Canadians as well, so tired of living paycheck to paycheck. Actively looking for options.
@@YonderPreneur Not at all Panama way under developed compared to Mexico
@@gbessone they also have mercadolibre... it's a latin amazon
I rarely write comments, but you genuinely are really good at what you do. Appreciate the free content here, lots of these are my ideal life.
Thank you.
Well, Mr. Henderson. I got tired of asking "what if." I just set an appointment to get my passport. I'm not your 7/8 figure client, but I'm not just going to sit around and wait. Keep up the work.
Same here. Just a hard working chump socking away every penny in hopes to slowly build a life of freedom.
How much does it cost if you’re not making 7/8 figures?
@@aquilomanganelli175 Nope, we are on a prison planet. Jesus is coming soon.
With Monaco you should be able to just seamlessly drive into France. Maybe now is different because of COVID, but in normal times it should be seamless
Even with covid, Monaco is completly open to France right now.
how long is the drive?
@@goldstein10493 it borders France so if you are in France just outside Monaco, 1 second. But if you want the closest city in France, that is Nice, 26 mins away
in Monaco you have to put a sizeable deposit in their bank and rent from the Prince.
@@louielouie684 all of this tax avoidance stuff is only worth it if you have sizable amounts of money anyway
Not sure that the UAE is a place where you want to plant a flag, if you are in Transit, sure, you can spend some time there, but to live there, you have to be willing to look the other way for a lot of things. First, the incredibly racist 2 way system, the fact that for employment, companies have 2 HR departments, one for Tier 1 Passports and the other for nationalities that are being taking advantage of (Indian, Nepalese, Bengali,etc) The whole country has been built on slave labor. Further, you could be an Arab speaker, lived in the UAE for 20 years, you will always remain a stranger, despite talks of the opposite, citizenship is never granted to people besides full Emiratis. These are few examples of how the system works over there.
He made it clear that the video is not about all those things. The video is about "tax free" countries.
Did you know that literally every country is built on slave labor?
It isn’t slave labor is you do it voluntarily and are paid.
@@paulpierce7387 Voluntarily and paid?! They bring those foreign workers, confiscate their passports (preventing them from leaving) and withhold their pay, forcing them to repay a debt that is fictitious with the goal of taking exploiting them. You need to get informed Paul, you sound like a slavery apologist.
My retirement income is tied to the US, so I pay a ton of taxes there. Having said that I’ve retired to the Philippines as a widower. All my money is tied to US banks, and any consulting income (I still do a spot of work now and then) also goes into US banks. I pay zero Philippines income taxes on any of my US income. I moved to the Philippines, because I like the cost of living, the fact everyone speaks English, most people are Catholic (Christian values), everyone I have met is friendly, and so far my girl friend has treated me better than US women I’ve met. The only part about this “retirement” is the amount of paperwork involved in just the day to day US grind. My late wife used to do it while I was globe trotting around the world, but now I feel like I’ve inherited an unwanted job. The Philippines may be a cash society, but I get by with a minimal amount of paperwork...enough ranting. I need to be fishing.
Wow, that's great! Thanks for sharing your experience. Can you recommend some good areas in the Philippines?
That’s a brilliant country for retirement
@@792x33 Palawan, Cebu, siargoa, siquior. Angelas.
But covid lockdowns are very strict, no?
Sounds like the dream
I'm moving to the UAE in a few weeks. I discovered the UAE back in 2003. I know this sounds strange but I felt a greater sense of freedom in the UAE than the US.
Yup funny how people are just starting to understand this now
freedom.. maybe for white people that already have an economic advantage over everyone and they like to cut corners and not work hard like hispanics, asians, etc
Isn’t it illegal to swear or kiss in public in the UAE? Not exactly the epitome of freedom
How is it?
Did he just say helping "Seven or eight figure "entrepreneur"?! I'm clearly watching the wrong channel.
Why wasn’t Panama on this list? More fun than the middle east, no cultural hang ups with relationships or alcohol, cheaper, mountains and beaches to explore, not too remote...
Sounds nice. What's the covid reaction been like? Lockdowns, mandates, etc?
@@JoeyJ1984 terrible. Ok they did well keeping the numbers under control but there’s gender restrictions on shopping, men and women can go shopping on alternative days, stuff like that. Pretty rotten to segregate the sexes like that
Panama is not a tax-free country.
@@blueballbag3588 What the hell? That's insane! Kind of explains your username though :P
Panama is my choice....Almost hands down.
I have been living and working in Nassau Bahamas for the past 6 years. The lack of income taxes notwithstanding, the cost of living here is very high. Food costs 2 to 4 times as much as the USA, as do most other things. Petrol is $4/gallon.The infrastructure is very poor. The roads are like the surface of the moon and there's flooding every time there's heavy rain. The crime rate is also high. As for taxes, there's a 12% VAT on most items. If you have items shipped from abroad, the tax duties can be as much as 50%. As the availability of many items in the Bahamas is lacking, you will have to frequently order items from abroad. Before the Bahamas, I lived in Abu Dhabi for 5 years. The UAE has the best infrastructure in the world. In 5 years, I never encountered a pothole. Crime in the UAE is almost non-existent. Of course, you never have to worry about rain, but there are sand storms and heavy fogs in the winter. As for shopping, anybody who says that money can't buy happiness hasn't been to the Dubai Mall. The UAE can easily satisfy the most rabid shopaholic. Keep in mind that the temperatures in the UAE can reach 50C (120F) in the summer. This could easily kill an old or unhealthy person. As I still own property on Rheem Island worth more than 1M AED, I could easily obtain an Emirati visa. However, I don't think the UAE is a good place to retire. I've decided to live in Armenia in the summers and Vietnam in the winters.
Very unique combination. I completely understand though - great plan in two lovely countries. Well done.
Thanks for pointing out the very high indirect taxation in the Bahamas. I also note the ridiculous markups by importers on retail products there.
Georgia in summers is a good option too!
Armenia is nice in summer and cheap
Did you guys notice the Winter problem? I tried to solve it with a place to live where the Winters are mild and the cost of living is low: Sandanski, Bulgaria. But of course I am also a rabid shopaholic. So: I think about Thiruvananthapuram, India. (because I need a car, too;-PPPeace Nic, The Swiss Xxx Digital Nomad
Easily Monaco, it's small, quaint, well kept and walkable. The weather not too hot, not too cold.
@Mehedi Hasan Nice, France is close
If I were wealthy enough to buy a place there, then that would be my choice. Real estate prices are insane.
There's so much to do in Monaco...
The Grand Prix
The Yacht Show
The Best Restaurants
The Luxury Brands for Shopping
The Weather
Of course it's expensive! You're surrounded by billionaires. So all real estate is Prime Real Estate. Even a tiny studio apartment will cost you a whole lot of money. What else do you expect? You've Got To Pay To Play, Baby
Vanuatu works for me. 80 islands, sailing, scuba diving, snorkeling, surfing and kite-boarding. The financial services sector is no Switzerland or Singapore, but the tax regime is looking pretty good compared to Canada. Wonderful people, living simple lives. Plus, like a bunch of Pacific island nations, they shut their borders for Co-Vid, but life continued on the ground without ridiculous lockdowns and confinement. Surf's up !
Where is this?
I am in Vanuatu as well. So true. But very expensive here as well.
Yes this covid thing is making look for good places to get away. I'm basically cut off from society anyways. Never leave my house anymore.
@@christianpeacecraft552 pacific ocean
I dont think he said you have to be stuck in Vanuatu to get the tax benefit, he said you dont need to. But the hypotethical question was if for whatever reason you had to be where would he go
I live in Abu Dhabi and personally feel both Dubai and Abu Dhabi are amazing cities to live in. English is an official language, about 88% of the population are expats from all over the world, and the people are very friendly. Abu Dhabi is identified in numerous studies as the safest city in the world, with Dubai not far behind. With the global diversity in cultures, you have the opportunity to get to know people from all over, including countries sometimes considered verboten, such as Iran, Iraq, Pakistan, Syria, Beirut, etc. In doing so, you discover that people the world over have common core values. At their heart, all people want is just to live their lives in peace, and to make a better life for themselves and their families. Somehow, in the UAE, it just works.
It sounds all well and good but how do you handle the heat though?
Would you choose Istanbul or Dubai?
And Abu Dhabi is more laid back compared to Dubai. Both are amazing places to live indeed!
I hear such mixed opinions about the niceness of people in Dubai
Isn’t drinking alcohol banned there unless you’re in a hotel or something?
"It's easy to think everyone's going to be the same way they are in your country", God I hope not.
Probably UAE, Monaco or somewhere in the Caribbean. Quite a hard decision to make🤣
Leave the grumpy, psychologically damaged west and find nice people, sane people, attractive (inside and out) people. Enjoy the freedom of smiling at someone without them thinking you are crazy. Where you can say hello to a woman without her calling the cops.
So where do you call home, or want to call home?
So true... Sadly eastern Europe is the same now. I think maybe Mexico and Colombia are left ,maybe part of Brasil. But the feminist disease hit them too
Best advice
UAE is not for me. Worked there for 4 months and passed thru at least 20 times. Those big shiny buildings were and are being built with slave labor. This is an Arab kings wet dream and much less so for the 3rd world nationals who make up 90% of the population....working 6-7 days a week, living with multiple roommates to make ends meet. Taxi drivers are fined 4 days pay for missing a day and so choose to work every day and have miserable lives with no time off. Dubai is probably the sex trafficking capitol of the world. Prostitution is rampant. Women are exploited on a grand scale. The great kings own wife and daughter tried to flee the country to get away from him. Whats there to do? If you have money you can shop until you drop, eat out, hire a prostitute and then do it again tomorrow. Summers are 120F plus everyday. Writing a bad check or going into debt will land you in prison with no rights. Western women who have been raped have been charged with sex crimes when reporting to police. Its a hypocritical culture thats part Koran and part Las Vegas. Not sure what the draw is Andrew though its interesting the first few times but #1...hell no.
I like what you said about Americans enjoying getting all political. 😂 I am living in the Philippines and it has been a serious adjustment for me going from being all political to not so much. I came to realize that the only real change I can make is in the voting booth.. to vote. Everything else is pretty much a waste of time and energy. Better to spend my time enjoying my life. 💕
I will never go back to the UAE. Total lack of culture there. Too many rules. You couldn't pay me to live there.
Love the channel and the content. Not so sure about the UAE. Love the Middle East however think they are about to hit the buffers again. Dubai, isn’t a financial centre like London, Singapore or New York, and course there is alway the human rights issues and general business ethics.
Being half Jewish (ethnically), having a Jewish last name and looking vaguely Jewish... I don't think I would feel safe living in the UAE.
UAE, Dubai, especially with the world islands being built up over the next decade.
I should add I left San Diego CA in December and now live in UAE. It has elements of the convenience of the US, has cafe culture like Europe, some great South African restaurants, bars and cafes. Asian influences in some of the hotels and resorts. Geographically positioned very well.
I'm actually doing as you say and bringing my parents out here and my sister already lives here. Dubai is definitely the most liveable city in the gulf, plus you can go scuba in Fujairah, mountains in Rak, ski in the mall and great beaches.
@@rubiks15 90% expats, tons of Brits & Aussies. Haven't even considered language as a barrier since we got here. My sister says after 6 years of being here she's never had a language issue.
Oh yeah. You get all there. Close to other countries too. Am thinking of moving there myself. Been flying there every 2/3 months before Covid. Am so addicted to that place. Hahah
@@andrewhewerdine Thank you for sharing this. ♥️
The world islands, is that a joke? They’ve been trying to build that since 2008, and have no plans to actually make it a reality. It’s a failure of a capital project, and people should be looking elsewhere.
San Diego ...love that place. UAE has some cool cities and for safety, cleanliness and Peaceful living it’s great. Just got to watch out for the Dubai douches - lol
Years ago, I would have said that someone who wanted to renounce US citizenship/live outside CONUS full time was a nut. Nowadays with the current political and socio-economic climate here in the US, I can understand why people- especially those of means, would do it. Leaving the US/ renouncing my US citizenship is not a realistic option for me, but if it is for you, rock on. If everyone lived with the attitude of "you do you, I'll do me" and not try to control others' lives, the world would be a much better place.
*Great Video. 👏*
*ANSWER: **12:03*
Off topic Andrew, i want to see your watch collection and where’s the best place for nomads to make those kind of valuable purchases!
Nigeria
China.
What watch is he wearing in the video
Chrono24 is the best imo
@@nkoonkukoo China or hk.
Pr0n is illegal in Dubai and UAE so that's a minus that should be mentioned!
There's no perfect country. My husband and I (UK) have lived in 8 countries and travelled to several others. We've been in the Middle East for a number of years and decided to retire in Bahrain, Amwaj Island, from where we can hop to Dubai for entertainment whenever we wish. Sure, there are a few things we have to overlook here, but overall this has been a good option for us.
Could I live in Bahrain on a UK state pension?
The UAE!!!
Are you Joking!
So you even know the COST of everything there?
Guys, please check out the cost of
things like housing & kids education before even thinking of UAE!
It's a nice place to live, provided you have deep pockets.
I like hot weather but UAE in the summer would be just too much. I would do the Bahamas. Grand Bahamas is different than Nassau which is different from Marsh Harbour which is different from the Exumas. Also, I expect that it will develop quickly over the next two decades.
It is, indeed, not easy to get citizenship. But fortunately you can get residency with a home purchase. Right now our winter residency is between Bahamas, Turks & Caicos. Vietnam, Malaysia, philippines and maybe Dubai. They are all either tax free or only tax those who are resident for more than 180 days per year.
@@michaelferguson4549 You don't happen to have a daughter looking for a husband?
@@michaelferguson4549 Where are you a resident for tax purposes though?
@@KJ-bc3de Right now I am still a U.S. tax resident. With the foreign earned tax credit we have about 220K USD that is free from tax. We are not there yet. But that is the intent, so, we are pointed at CBI and renunciation. At that time I will rely on Andrew's counsel on such matters.
@@michaelferguson4549 you are well set, congratulations you have made it
Definitely agree with your sentiment about being somewhere where the people are nice. It makes such a big difference!
We've been living in Nicaragua for the last year and the people around us have made us feel so welcome.
Also loved how you called out Bangladesh for having super friendly people - that's been our experience as well!
What about Oman? It's tax free and also quite a liberal country in the region. You mentioned that you prefer the UAE to Bahrain and Qatar because they are too small, but what about Oman. Oman is the 2nd largest Arabian Gulf state after Saudi Arabia. The capital Muscat has come on leaps and bounds over the last 10 to 20 years. It's got less of the international flavour as a City like Dubai for example, but it is still a very comfortable modern city to live in. There are also many more places to visit and see in Oman. While the UAE seems to be the go to place for most people, I personally think that Oman is a little bit overlooked.
I just can't do the Middle East. I value my head. Low tax may be better than no tax in a lot of instances.
That means you're probably doing drugs
You are right. Almost 50 percent of people in middle east walk around with no heads, because they have been chopped off for one reason or another.
You've not been to UAE or Bahrain. Even KSA isn't too bad.....except for the truly crappy driving.
For me, Turks and Caicos, English language, UK jurisdiction, American dollars currency, good doctors Christian religion, nice turquoise colour water, close to USA for holiday, and other Caribbean countries. Low crime.
How easy is it to get a residence permit there?
@@jeffb.140 Investing in property at least 1 million of US dollars
@@PedroSanchez-zv1lr Ok, thanks!
What's the day to day cost of living like there? Bahamas sounds like day to day costs are over the top, so Turks & Caicos is of interest
Great video and 100% correct in my opinion. I live in Dubai since 2009 and indeed is a great place. Easy, friendly people, great lifestyle, eight months of great weather, safe for the kids and ability to save a lot of money (you can spend a lot too though). No intentions to go back to Spain anytime soon.
how can you compare Spain rich history, culture, arts, architects, European life style and intelligence and freedom of expression as human and faith. with only saving money is not the real happiness and you or your kids never will be that country citizen....that's a slap on the face and disgrace to humanity....think about it
@@skyone6531 wow - people who have lot of cash - can easy say -“ money is nothing “ try to live without money “ if you ever try , you will never say it again -money is nothing ….
Am happy for you.. But spain dude spaaaaaain HAS SUCH BEAUTIFUL WEATHER comparing to the heat of UAE.. The richeness of Spain is also amzing
Can you do an update on Hong Kong in light of recent political developments as a low tax destination? Used to be a great low tax jurisdiction about 4-5 years ago but now seems like it's going to lose its status as a financial center.
HK is still an incredible city and is low key thriving
UAE is a great place for vacation, but you never know when the economy takes a downtrend there and they turn against foreigners. You will be on visa there because they don't want foreigners to becomes citizens there. I won't even mention religion. If you're not the follower of the same religion, they can complicate your life quickly.
I thought non-natives were fleeing the UAE?
Family member was fined TWICE for wearing shorts in the mall. So maybe UAE is ok for men, rather than women?
I agree. UAE is not a good fit for women.
just learn to follow the rules? if dressing like a garden tool is part of your 'must haves', then UAE probably isnt the place for you. but westerners could use a bit of moderation in their lives
@@catiex8826 moron
@@zoomzoom3950 they will collapse in 2030
@@zoomzoom3950 not a feminist issue - simply the lack of repression and safety. A semblance of the freedom and mobility afforded to men.
Russia is almost tax free - 13% flat income tax and 0% long term capital gains tax. Major metropolitan cities like Moscow and Saint Petersburg, world class education, healthcare, and culture. No extradition to the USA. Want warmer climate? Live in Sochi. Predominately European Christian culture. Women - some of the most beautiful women in the world.
And the gopnicks love everyone!
Warner climate in Sochi? You mean where they held the Winter Olympics?? lol good thinking
They increased tax rate to 22%
Prices and taxes had gone up pre-COVID in Dubai and AD. AD is the largest land owner and has all of the oil and gas. Dub. is still reliant on tourism, in spite of diversification. Dub. introduced higher charges on hotel rooms several years ago. The UAE as a whole introduced VAT (lower than Europe) several years ago. Rental contracts go up and down as the UAE gov't and Emirates govt's remove a rental cap. Accommodation quality is variable as developers have used cheap materials over the last decade (several fires in Dubai documented). Yes, if you have plenty of money, it's no big deal if you do your research.
The UAE is not the frontier economy as 20 years ago where expats could earn staggering amounts as a salary, but nor is it tax free. Taxes are there but indirect.
Yes, life can be stress free or as crazy as you want in UAE, or connect with the natives with camels and a picnic in the desert. It's up to you. Your white skin and money will gain you some respect and some freedoms.
FYI, I lived in AD and Oman for 6.5 years (mostly AD and Al Ain) and visited Dub. from time-to-time until 2.5 years ago. Life got more expensive and salaries did not keep track with the locals.
Which country/countries would you pick instead?
I’m into Belize! English language, Belize Peso. One time property tax, No Inheritance tax, no capital gains tax. It’s easily accessible to Florida. It’s a developing economy. But also $130k Canadian gets you a decent home in Dubai.
By "Gulf Counties", do you mean the PERSIAN GULF Countries? Where did you learn geography?
Great content. I completely agree with the intangibles like "are the people around me genuinely kind.". Another one for you: "do the locals only see me as a walking dollar sign?"
I like most videos by NC, but dislike this one. Being able to protest is not some kind of futile preoccupation for complainers. It's being able to use a public space to express your dissatilfaction when the government overreaches. In most UAE countries, you can get arrested on a whim -- if they think you have been using or importing or selling narcotics or alcohol, or if somebody says you've been urinating in public, or if you've taken the wrong photos, if you've made the wrong kind of post on social media. The idea of "I'll just leave if they start bothering me" is useless once you're in some nasty-ass prison.
While I agree with the concept of living tax-free, or as tax-free as possible, after living in the Middle East for 8 years, I WOULD NOT settle in the UAE. It's TOO HOT! And because it's focused on the higher investor community, it is more expensive than necessary. Plus, they're not very dog friendly and if my dog can't go where I go, then I'm not moving there. Now, with that said, the UAE is a fantastic place to visit. There is a lot to see and a lot to do but once you've done them, it's just TOO HOT. If you're ok with temps over 130F, and you're ok with spending more for less, then go for it.
Unrealistic expectations. Does not make sense. Nomads do not live alone - concept is wrong .he may as well be on the moon .
As a resident ofDubai, Uae for past 21 yrs....indian passport holder...agree 100%
Me thinking, rich people have money so that they can live in whatever country they wanna live in. Am I the one missing the point here?
I live in Dubai and My choice would be definitely Dubai. I lived in 6 countries already and Dubai is the top choice for my self and for my investment. So I totally agree with your choice. And it’s going to get better and better, the government has many good thing in the pipeline... i’m here since 2010 so not a newcomer.
good to hear
My problem with Dubai is that I refuse to live in a muslim country. I've been to Dubai many times., and I enjoyed it, but I find the presence of Islam odious and incompatible with a happy life. I don't want to go to the mall, for instance, and have to hear the call to prayer blasted over the loudspeakers. I prefer just about anywhere else. I prefer to pay a bit of tax and live in the Balkans.
I agree with your stance on not worrying about politics. I spent 5 years living in Abu Dhabi and actually found it strangely relaxing not caring about local politics. I had no ability to affect local politics, if things got too bad I would just leave. I never read local news or watched local TV. It is quite liberating not to care about anything.
However I found the concrete jungle, weather and dry climate very depressing in the long run, it was not just for me. I am more a tropical beach person, I am happy in boardshorts and sandals so I would prefer the Caribbean island life where you are still close enough to travel to big cities if the need arises.
UAE would not be a good choice. I've been, its crazy hot, expensive and you never know who is going to have a bad reaction to your western ways ( drinking outside of a hotel or resort) you go to jail.
That 40€ hamburger appears to have traumatized Mr. H. Sort of PTSD as he continues to mention the Monaco incident ;-)
As someone who had similar experiences, I can empathise with that
At first I thought he said "40 year old hamburger" 🤢🤮
It seems like a very idealistic dream, but what is your personal security like in the UAE? Aren't Americans a potentially high value target?
What is your objection to living in Monaco? I lived there for three years, and couldn't have been happier. How about Andora? How about Luxembourg.
What's the best cost effective place in Monacoto live?
Obviously you are a person that likes to live inside Nothing about sand and cement can replace the smell of fir trees by the seaside.
Every country is a tax free country when you borrow $$$ on collateralized what ever. I use Bitcoin🤗 but you can collaterise yaughts, mansions, land, businesses, the world😄
Exactly. Waiting for lower interest rates though. I think this cycle might not have it unfortunately. When we hit the 1-2% range that will bet he dream
12 minutes of "bla bla bla" before to get the answer...
UAE or Qatar, but since I can't stand a "luxury lifestyle" I would rather join the bedouins. If the game rules could be twisted a bit, I would rearrange my investments and live in Switzerland or Brazil, for example, where it's possible to pay no income tax.
Switzerland has a flat income tax for foreigners.
Anyone here in the comments got any thoughts on Turks and Caicos as a no tax place to set up?
I would be interested in your view on personal rights especially with today’s health climate. We want to not only live somewhere with the visa free travel we would like, tax benefits, a great culture for my family, but also where we won’t have our personal health freedom infringed upon
sorry in advance for my ignorance, but what exactly is "personal health freedom" ?
@@pvmoore1154 Where the Medical Mafia cannot force vaccines or certain treatments on you or your children.
@@Cryptogally Thank you kindly.
True fweeeedoom dosent exist. Unless your dead lol
@@jazzwinsky even then... you never know lol
Monaco is really a great place to have as a Autumn/Winter base for someone like me that actually likes having cold for Winter months. And 90% of the people that make Monaco obnoxious move out in October only to return in May. Restaurants get more civil, the roads are less congestionated so you can actually go fast into the hills, every single patisserie has room and is quiet and the French cities around Monaco are all deserted. Its my kind of place. Although this year I had to spend most of my winter months in the UAE, KSA and Kuwait because of friends inviting me over in I really love Monaco.
EDIT: With airplane being the travel method of choice from Monaco you can get to Switzerland in half an hour, to Paris in one hour and to London in an hour-and-a-half. That's very hard to beat and the biggest problem for me when thinking of the UAE. When you finish all the partying and Cars & Coffee events in Dubai if you take the plane anywhere it takes a long time.
I can go to London, get my measurements taken for some suits, have lunch at The Berkeley, go for some new bespoke shoes and shirts, have tea with some friends and be back in Monaco for dinner. That's very hard to beat.
Who are you? And why do you watch UA-cam?
5 hrs is far? To me 10 hrs on a plane is far. 3-5 hrs is manageable. 1 hr is super convenient.
can I discuss the monoaco ta resicendcy situation with you further? I'd like to know how I could pursue this from someone who seems like they've done it
👍👍👍
@@37tara u have expreience with monaco?
Guys and gals, it boils down to what you are looking for (surprise!). There is no "one size fits all". Start from all the tax-free countries and decide based on your what is important *for you*. Personally, I have lived and worked in Dubai for a number of years and it suited me just fine. 4 months a year, the weather is cool, another 4/5 months its bearable but in thick of Summer - 2/3 months, better go somewhere else. Still, I'd go back in a heart-beat, but that is just me. YMMV.
I lived in the UAE, i travelled to few European countries then i moved to Sweden for the citizenship, comparing living in the UAE over Europe is legitimate, what i saw in Europe was way under my expectations and i would confidently tell you: if you are planning and have the possibility to obtain a European citizenship then it's fine to move, otherwise it's a huge mistake to come to Europe leaving the UAE if you are just planning to stay on temporary residency based on a job or a bussiness.
The life style that you find in UAE is really not compared to any other place in the world, of course it's expensive but it worth it, not forgetting the numerous opportunities that opens to you in a multinational country like UAE.
For once I can completely disagree haha, I think this would be a terrible choice.
For so many reasons: extremely hot and humid weather, quite expensive, lack of reason/law/order (except for the absolutely elite), their poor treatment of non-locals citizens (heck even kidnapping one of the ruler's daughters), their constant involvement in regional conflicts (and suffering retaliation), and so on and on and on.
So where would you choose?
To me Dubai and Abu Dhabi are remarkably boring and bland. And too hot. If I had to be in that area I would prefer Oman, at least it has some character. Dubai is like a bland photocopy of Dallas, TX with a side of Islamic despotism. People hang out at the Mall in Dubai, seriously. The Mall.
After reading about Sheika Shamsa & Sheika Latifa, I would NEVER go to UAE. All they wanted to do is flee UAE & go where they would be treated best. If they're not dead, they're being HORRIBLY mistreated.
@@theedesertmermaid Emiratis will just ignore you as an expat. They may not treat their own wives and daughters best, but if you can take the heat, fakeness, and complete lack of character its a fine lifestyle.
@@mynamename5172 Well the Mall has air condition. Its better than having to be outside. But couldn't live there myself for the brutal heat alone.
I like my head with my body no crazy places to live
I live in China and people around me are genuinely nice every day. Striking up conversations, sharing cigarettes. I live in Shenzhen, Guangzhou as well as many small cities and villages in South China. In the small towns the average folks on the street are a bit taken aback at seeing a white guy but most have long friendly conversations, in Mandarin and especially Cantonese. The most unfriendly people are middle aged women for some reason, always preoccupied with a million worries, kids, groceries, danger here, danger there, being cautious, they're the only ones who look at you like you're the enemy. Everyone old and young are nice. Especially Shenzhen, very intelligent beautiful urban people there.
I went to Hong Kong for week it was very nice and people were very friendly.
Is it possible, that life in a large Chinese city with pollution, overpopulation and so on is better, than in the USA???
@@ДарьяЗимина-б7з Pollution is everywhere, you just check the AQI index on your phone, it's heavy in Hebei near Beijing and light in the coastal provinces. Lighter pollution than Los Angeles or Toronto. Overpopulation, I don't see it. I see people, markets, coffee shops, book shops, bars, supermarkets on every corner. If you don't like seeing people, and prefer empty streets, then you might prefer to live in suburban USA/Canada. As for life, yeah it's better for both poor and rich people. The middle class maybe have more stress than in the USA. But there's more jobs than people at the lower end, so poor people have no reason to be homeless, they can always have a job, a place to live, and healthy food, vegetables and rice.
Try using google and having an opinion.
I've lived in UAE and enjoyed it, Also lived in Malaysia and also like it there, perhaps more so than UAE but its not tax free
Hey Andrew what about Liechtenstein, they have 0 capital gains tax and property tax, not sure on income tax, but have you done any research on that?
Hard country to get residency, even people that work there don't necessarily have a residency visa there.
FL income tax is 1,2% I think...
Liechtenstein is the best choice for me !!!
I've been interested to know your opinion on living in an authoritarian country like the Gulf countries or Russia, Belarus, etc and what u would say to someone who wants to live in those countries but to whom that authoritarian part is holding them back and if it really is as bad as people think or really how much impact it would have in your life. Once again, u read my mind.
compared to most gulf countries, russia (except Chechnya of course) and belarus are much more secular, liberal, and inclusive.
@@harry12 depends on what u mean by that. Half of their population are foreigners
@@guilhermesalesferreiradaco2934 doesn't change anything. foreigners cannot make or change policies of those countries.
@@harry12 that's the point of going where you're treated best. If u wanna change local policies you're not going where you're treated best
@@guilhermesalesferreiradaco2934 okay but this doesn't change the fact that russia (except Chechnya) and belarus are much more secular, liberal, and inclusive than gulf countries, under the circumstance that foreigners cannot change any policy in those countries.
I like Antigua,Belize,The Bahamas , Nevis & St Kitt.l love Switzerland. But l would really like to buy my own lsland again in the future.
Service level in Dubai is often not great. I give you two examples. A friend of mine lived in a building on Sheikh Zayed Road and the building was without water for two days. Another friend wanted to get their guest toilet fixed. The workers couldn’t get it done and told him not to worry because it was only a guest toilet anyway. These are just two cases that show you what kind of people you will be dealing with in Dubai.
I lived in Canada (Montreal, Sherbrooke, Brossard and Stittsville Ontario) for 12 years now and I can tell you that this stuff happened more than I can count. And the service was meh. I was even scammed by white Canadians several times.
@@exclusivenote what does that have to do with Dubai?
The gulf states doesn't work for women
The ”Sean Connery” way hands down! Note: Bahamas is NOT a small place. Not only beaches... You can always go to Atlantis :D
What if you’re a girl in the golf countries?
I laughed at the complaint about Vanuatu being so far from everything, as if that isn't a selling point on a planet gone mad.
Agreed!
I just moved to Vanuatu 6 months ago. People lovely but my kids not liking it bc of that reason, so far from everything. Tax free but VAT 15% and cost of living 3x higher than Australia.
I wonder what Dominican Republic would be like...
It looks great lots of private equity funds invested into the Dominican Republic in 2020. We can have condominium projects with high yield 33% to 50% Cash on Cash ROI.
Your comment about Monaco (2:42) is not accurate. It is not possible to get stuck in Monaco. There are no borders with France. In many instances, France is just across the street. The airport is in Nice. In order to get a Monaco residency permit (for example, when you buy real estate there), one also needs to get a Carte de Sejour for France. If you go to Google Maps you will be able to see what I mean. And in normal times, there are no border controls to go to Italy, for example (just 15 km from Monaco).
Yeah , but buying real estate in Monaco is ridiculous.
Country that treats you best (with low taxes) depends upon your nationality, ethnicity and religious believes. Can only generalize.
I would love to see a “pandemic passport portfolio” video where you cover the citizenships or residencies that turned out to be really good for low Covid infections and restrictions and lockdowns.Those might not have been in your usual favourites. Places like NZ, south korea or remote Pacific islands seemed to have been great escapes from the chaos
It's not the low cases but the normalcy of life I'd look for, a maskless society with free hugs😁. All over the world there has been the flu for years and the majority of population didn't care, nor choose a home based on those stats.
@@successandlifestyle Call me when you find that magical place!
@@markcranston3145 Well said. Glad you have done your research. I'm not going to be afraid when 99% of people recover! It's the fake news that's the v I r u s.
@@successandlifestyle Agree.
@@successandlifestyle Did you watched the V R E A L E D that is on right now?
WE NEED A TROPICAL TAX-FREE COUNTRY THAT'S NOT AN ISLAND
When it comes to retirement, I am surprised so little is discussed about health care: many of the tax free or reduced tax countries can become very expensive if they don’t have a reliable and affordable national health system available to you. Same could be said about nomads with family and schools/education. Single and young people on the other hand have little reason to live in high tax countries with generous social benefits like it is the case for most of Europe
David, the healthcare system in Colombia is excellent and the people are warm and welcoming. Pablo Escobar died in 1993 and Colombia has transformed. If healthcare is a concern, living in a city like Bogota' or Medellin gives you access to world class health care and almost anything else you might want or need.
As a single woman the UAE is out of the question. I am not fond of men feeling they can beat me because it is in their culture to do so.
UAE looks scary, surrounded by the endless war hot zones, and probably a dominate and very different religion, what are you thinking?
Are there any restrictions on women in the UAE?
I LOVE Monaco ... 2years of peace & quiet.
Hard to get in to?
@@prestontucker1687 not so much if you have + $20million or so ... more is better :)
@@gaeldesmontagnesnoires1711
No problem. I just thought the wait period was long. Worth it?
@@prestontucker1687 100% between October & May the rest of the year Monaco is inundated with car people & onlookers it's a little much ... anywhere all the time is a little much anyways. I'd say sure @ least with a lot of spendable $$$ you can have excellent accommodations 🥂 & Nice is 15mn in helicopter to jet off.