is there a rule that states "if you return to the UK within 5 years, then you will be taxed on sold shares (held in a UK company)" even if you sold them when you were a non UK tax paying resident and in a 0 income tax based country like dubai?
What happens if your business both in the U.K. and Dubai and your Dubai company charges your U.K. company yearly for its use of assets and workers etc?
You don’t even need to go through all that….just have 2 seperate companies registered, 1 in UK and then 1 in Dubai. The Dubai company will invoice the UK company for “monthly consulting services”. UK company will then send funds over to pay. That’s how a lot of the big guys do it.
if you are a uk resident you have to declare any income outside of the UK and you are taxed on that world wide income that includes been taxed on any income generated through your UAE company
If I have a dubai free zone company and I’m a Taiwanese but live in London more than 90 days a year , do I need to pay uk personal tax or my corporate tax ?
Ok so question. Let’s say I have a citizenship in America. And I get a 2nd residency in the UAE. But I want to have property in the US for investment & living purposes but don’t want to pay tax and setup an entity that does business in Dubai trading foreign exchange / commodities. How does that work in that tax situation ?
What about an online business like the SaaS? If I live in Germany, can I register my online business to Dubai (taxes in Germany would surely close my company💀)?
Good video. If the company is registered in the uk but the director is based in Dubai and runs the company from dubai, where does the company stand with corporation tax?
Is it possible to have residency in Dubai, have the business located elsewhere...but pay dividends / wages that are earnt from the business to yourself in Dubai and pay zero tax? As long as you don't make a profit then the corporate tax rate doesn't matter?
What if I want to be Tax resident both in the UK and UAE? Then I can pay taxes of my UAE business in the UAE and UK business in the UK... I won't have to pay UK taxes because my partner will be mostly handling the operation in the UAE (where I will spend half of the year too and half in the UK). I hope the UK won't be touching my UAE income?
Will this will apply when the bussines Online company or only phycical companies , do we need to move to Dubai , or can you management from UK online company pay personal tax in uk and cooperation tax in Dubai? Now I am confusing ...
@@JoshuaTharby yes, I went to Bahrain in the late 90s (a long time ago), and do hope to return, Dubai didn't really exist in the late 90s! I think Bahrain looks a better option than Dubai (speaking personally), but I am still trying to gather information.
Morning, I will be working in Abu Dhabi (about 6 months a year) and have 2 companies (wife and I are directors) in UK (where I am resident), I am thinking about starting an llp and sending only what I need in UK to kick off my property business. Would the 6 months be enough to keep that tax free?
Ok I have a question - If I set up a business in a low-tax country, live in that county but then get my work from the UK, would I be paying UK tax or tax of the other country?
Nice Vid Joshua, do you help set up companies in Dubai? Im looking to move my operations (an IT Managed and Professional Services Company) over to Dubai.
If I move to Dubai and set up a company that owns Buy To Let Rental properties or Holiday Lets in the UK, am I correct in assuming that the company will still be taxed at the usual rates by HMRC as the properties are in the UK? Thanks in advance! Cheers. :)
@@JoshuaTharby Thanks very much for the reply. So if the company that owns the UK property is a Dubai company, and I am employed by the Dubai company and living in Dubai, any salary I am paid is tax free, and the salary is a cost to the company. So in theory all company profit could be paid out as a salary, therefore legitimately making both the company tax bill and the personal tax bill zero. Would this be correct? Cheers! :)
@@whome5810 it wouldn’t make a difference whether it’s a Dubai based or UK based company but yes a market value salary would be a tax deductible expense in the UK meaning less corporate tax.
@@JoshuaTharby But if it was a UK based BTL company and I was employed by it, but tax resident in Dubai , would I not have to pay any UK tax or National Insurance on the salary, because the money has been generated from UK property? Also wouldn't the company still have to pay National Insurance on the salary?
Non-Resident Landlord Scheme:NRLS. if you live overseas but you receive income from letting out a property in the UK, this income is generally taxable in the UK like any other UK-sourced income. This is the case regardless of whether or not you are resident or non-resident in the UK for tax purposes and regardless of where the income is physically paid. For example, a non-resident company that earns rental income from UK properties will have to pay 25% corporation tax on all of its UK rental profits. Even if the company has profit of £40,000 (less than £50,000), it will still pay at 25%
Hello Joshua, amazing content and video for the Tax Benefits of being setup in Dubai. I did not find a website to contact you. Perhaps can you contact us and we may collaborate? All the best and keep up the content! :)
is there a rule that states "if you return to the UK within 5 years, then you will be taxed on sold shares (held in a UK company)" even if you sold them when you were a non UK tax paying resident and in a 0 income tax based country like dubai?
What happens if your business both in the U.K. and Dubai and your Dubai company charges your U.K. company yearly for its use of assets and workers etc?
You don’t even need to go through all that….just have 2 seperate companies registered, 1 in UK and then 1 in Dubai.
The Dubai company will invoice the UK company for “monthly consulting services”. UK company will then send funds over to pay. That’s how a lot of the big guys do it.
Startup do this all the time to save tax 😂😂.
what if my company in the UK dosent actually trade in the UK at all? car sales done online but mostly in us
Great info mate. I’m from Northern Ireland. Could I live in Dubai for 6 months, NI for 3 months, and Southern Ireland for 3 months?
He doesn't answer queries but responds to excited compliments. see below
if you are a uk resident you have to declare any income outside of the UK and you are taxed on that world wide income that includes been taxed on any income generated through your UAE company
Very good video on this subject
If I have a dubai free zone company and I’m a Taiwanese but live in London more than 90 days a year , do I need to pay uk personal tax or my corporate tax ?
Ok so question. Let’s say I have a citizenship in America. And I get a 2nd residency in the UAE. But I want to have property in the US for investment & living purposes but don’t want to pay tax and setup an entity that does business in Dubai trading foreign exchange / commodities. How does that work in that tax situation ?
What about an online business like the SaaS? If I live in Germany, can I register my online business to Dubai (taxes in Germany would surely close my company💀)?
Germany won't be happy with that and subject the Dubai company to taxes in Germany.
Amazing video so helpful thank you
Glad it was helpful!
what if my company in the UK dosent actually trade in the UK at all? car sales done online but mostly in us
Good video.
If the company is registered in the uk but the director is based in Dubai and runs the company from dubai, where does the company stand with corporation tax?
Where the company is set , tax there
TLDR: if you are tax resident in UK and you are managing the Dubai company from UK, then the company is deemed to be taxed in the UK
why would company have anything to do with your tax residence ?
Is it possible to have residency in Dubai, have the business located elsewhere...but pay dividends / wages that are earnt from the business to yourself in Dubai and pay zero tax? As long as you don't make a profit then the corporate tax rate doesn't matter?
Can i have my icb in belize and a international bank in singapore and never convert business money to personal use and not get taxed?
Set your company in British Virgin islands 0 tax there as well
So would you be able to do this for a pizza shop for example ?
Thanks for the vid Josh. We're looking or a Dubai company to help us trade our crypto. Really useful info. Keep it up.
So is a friend of mine. The problem I am having is which company to trust to facilitate the paperwork? Any suggestions?
What if I want to be Tax resident both in the UK and UAE? Then I can pay taxes of my UAE business in the UAE and UK business in the UK... I won't have to pay UK taxes because my partner will be mostly handling the operation in the UAE (where I will spend half of the year too and half in the UK). I hope the UK won't be touching my UAE income?
Will this will apply when the bussines Online company or only phycical companies , do we need to move to Dubai , or can you management from UK online company pay personal tax in uk and cooperation tax in Dubai? Now I am confusing ...
I read somewhere it is going to 9% tax on income excess of 375,000 AED. Still a good deal.
Not true
@@amitgopeenauth6000absolutely true. 9% corporate tax.
What if i have a company in dubai and the money stays in dubai i dont bring it to the uk
Would i pay taxes on that?
Thank you, really good value.
Glad it was helpful!
90 day rule????
Fab video, have does Bahrain compare to Dubai?
It's much less westernised in terms of catering for expats but still a great spot
@@JoshuaTharby yes, I went to Bahrain in the late 90s (a long time ago), and do hope to return, Dubai didn't really exist in the late 90s! I think Bahrain looks a better option than Dubai (speaking personally), but I am still trying to gather information.
How do i get in contact with you to potentially become a client?
Does the Dubai model apply in other countries?
Yes there are many options not just Dubai.
Morning, I will be working in Abu Dhabi (about 6 months a year) and have 2 companies (wife and I are directors) in UK (where I am resident), I am thinking about starting an llp and sending only what I need in UK to kick off my property business. Would the 6 months be enough to keep that tax free?
great info
Ok I have a question - If I set up a business in a low-tax country, live in that county but then get my work from the UK, would I be paying UK tax or tax of the other country?
Tax of the other country. Not UK
Brilliant video 👍👍👍🥰😎
Thank you! Cheers!
Nice Vid Joshua, do you help set up companies in Dubai? Im looking to move my operations (an IT Managed and Professional Services Company) over to Dubai.
Hi yes we do. My best contact is joshua@jsmtax.com
Excellent
Croatia, 10%
If I move to Dubai and set up a company that owns Buy To Let Rental properties or Holiday Lets in the UK, am I correct in assuming that the company will still be taxed at the usual rates by HMRC as the properties are in the UK? Thanks in advance! Cheers. :)
Yes that’s right as all assets are in the uk still subject to Uk tax. A salary can be tax deductible against the profits to save Uk tax.
@@JoshuaTharby Thanks very much for the reply. So if the company that owns the UK property is a Dubai company, and I am employed by the Dubai company and living in Dubai, any salary I am paid is tax free, and the salary is a cost to the company. So in theory all company profit could be paid out as a salary, therefore legitimately making both the company tax bill and the personal tax bill zero. Would this be correct? Cheers! :)
@@whome5810 it wouldn’t make a difference whether it’s a Dubai based or UK based company but yes a market value salary would be a tax deductible expense in the UK meaning less corporate tax.
@@JoshuaTharby But if it was a UK based BTL company and I was employed by it, but tax resident in Dubai , would I not have to pay any UK tax or National Insurance on the salary, because the money has been generated from UK property? Also wouldn't the company still have to pay National Insurance on the salary?
Non-Resident Landlord Scheme:NRLS. if you live overseas but you receive income from letting out a property in the UK, this income is generally taxable in the UK like any other UK-sourced income. This is the case regardless of whether or not you are resident or non-resident in the UK for tax purposes and regardless of where the income is physically paid. For example, a non-resident company that earns rental income from UK properties will have to pay 25% corporation tax on all of its UK rental profits. Even if the company has profit of £40,000 (less than £50,000), it will still pay at 25%
Book a tax consultation here - calendly.com/jsmcall/consultation
what if my company in the UK dosent actually trade in the UK at all? car sales done online but mostly in us
instead of "as well", he says "as weoh"
👏🏼👏🏼👏🏼
Glad it was useful!
Hello sir, can you hire me i really need a job
If you want Tax free, Run away from UK and Base in UAE 😂
dude even if the content is good I couldn't keep up with all the hand movement. chill ffs!
Who the f is this guy?
Hello Joshua, amazing content and video for the Tax Benefits of being setup in Dubai. I did not find a website to contact you. Perhaps can you contact us and we may collaborate? All the best and keep up the content! :)
It’s www.jsmtax.com