Dubai is without a doubt one of the most amazing transformation stories of modern times.
A small town of around 20,000 less than 90 years ago, its fortunes changed with the discovery of oil half a century ago.
Today’s Dubai is a bustling metropolis, teeming with skyscrapers and posh shopping malls. It is also the region’s primary financial hub.
The city serves as a magnet for energetic and hardworking people from all over the world, attracted by its outstanding business infrastructure and 0% corporate and personal tax rates.
This includes people like Roberto — a Sovereign Academy alumni — who discovered Dubai in late 2019.Â
By moving his entire online business (and himself personally) to Dubai, Roberto was able to entirely disconnect from the tax system of his native Greece.
As a result, his effective corporate and personal tax rate went down from almost 40% in Greece to 0% in Dubai.
And it’s not only the absence of taxes that drew him to Dubai.
Roberto loves the high energy, the “can do” attitude of its residents. He also thoroughly enjoys the outstanding networking opportunities, the unparalleled sense of personal safety, as well as the amenities of this ultra modern city.
And while Americans generally will not be able to reap similar tax benefits by repeating Roberto’s steps (US taxpayers always remain tax residents of the US), our readers of all other nationalities can absolutely do it (subject to your business being location independent, of course).
At the very least, we hope that this case study will inspire you to visit Dubai. In the last decades, it truly became a “place to visit before you die” — fascinating, captivating, and truly inspiring to behold.
You can access this SMC Case Study here.
A small town of around 20,000 less than 90 years ago, its fortunes changed with the discovery of oil half a century ago.
Today’s Dubai is a bustling metropolis, teeming with skyscrapers and posh shopping malls. It is also the region’s primary financial hub.
The city serves as a magnet for energetic and hardworking people from all over the world, attracted by its outstanding business infrastructure and 0% corporate and personal tax rates.
This includes people like Roberto — a Sovereign Academy alumni — who discovered Dubai in late 2019.Â
By moving his entire online business (and himself personally) to Dubai, Roberto was able to entirely disconnect from the tax system of his native Greece.
As a result, his effective corporate and personal tax rate went down from almost 40% in Greece to 0% in Dubai.
And it’s not only the absence of taxes that drew him to Dubai.
Roberto loves the high energy, the “can do” attitude of its residents. He also thoroughly enjoys the outstanding networking opportunities, the unparalleled sense of personal safety, as well as the amenities of this ultra modern city.
And while Americans generally will not be able to reap similar tax benefits by repeating Roberto’s steps (US taxpayers always remain tax residents of the US), our readers of all other nationalities can absolutely do it (subject to your business being location independent, of course).
At the very least, we hope that this case study will inspire you to visit Dubai. In the last decades, it truly became a “place to visit before you die” — fascinating, captivating, and truly inspiring to behold.
You can access this SMC Case Study here.
Dubai is without a doubt one of the most amazing transformation stories of modern times. A small town of around 20,000 less than 90 years ago, its fortunes changed with the discovery of oil half a century ago. Today’s Dubai is a bustling metropolis, teeming with skyscrapers and posh shopping malls. It is also the…
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