Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Digital Nomadism
    • Events
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • UK
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Digital Nomadism
    • Events
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • UK
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
👤

LIFE WITHOUT BOUNDARIES

THE NUMBER ONE SOURCE FOR EXPATS, DIGITAL NOMADS, AND DREAMERS.

This field is for validation purposes and should be left unchanged.
  • Finance

Why Dubai is One of the Best Offshore Havens

  • June 1, 2019
  • BY Mikkel Thorup
Total
17
Shares
0
0
17

Why Dubai is One of the Best Offshore Havens

Dubai is undoubtedly one of the fastest-growing commercial centers in the entire UAE. Ever since the UAE was ranked 11 on the ease of doing business rankings, the commercial interest in the state has been consistently rising.

Even if we don’t consider its accolades, Dubai has traditionally been one of the safest places to set up financial entities in. The numerous free trade zones that have been established provide a lot of leeway to any businesses that operate in the region. So much so that that Dubai has become a thriving commercial center.

In addition to the advantages that it offers to companies, there are significant major advantages to individuals in the country as well.

116: How To Move To Panama Or Use It As Your Plan-B Residency – Mikkel Thorup

 

Corporate Tax Advantages

Some Precautions

The concessions and advantages that we discuss later only apply to free trade zones and nowhere else in Dubai. If you want to set up a business outside of these areas, it is better to have a Dubai local as a partner. Otherwise, the Department of Economic Development won’t allow you to start a venture.

 

Free Zones in Dubai

Dubai has more than 30 free zones designed to boost the investment coming into the state. To help businesses begin operations, these are given many financial and infrastructural concessions that ease operations. Located in areas with easy access to airports, major markets, and designed with state of the art infrastructure, Dubai has set itself apart as a truly marvellous commercial hub.

 

The Tax Advantages of Operating in Dubai

Having your business headquarters in Dubai’s free zones comes with the following concessions:

  • No duties on imports and exports.
  • No taxes on corporate profits and capital.
  • No corporate taxes.
  • No customs duties on goods brought in or shipped out of Free Zones.

Given how the place already allows you multiple business advantages, these tax concessions imply that in Dubai you stand to make huge profits relative to anywhere else in the world.

 

Individual Tax Benefits

With these corporate tax exemptions, personal income and finances are completely free of any tax payments. Since there is no active income tax regime in the UAE, expats or locals are not required to pay taxes on any income.

The property tax rates are minimal in Dubai, with a 4% land transfer tax on the entire value of the property and a 5% tax on any rent that is paid for the property.

Mikkel Thorup, the host of The Expat Money Show, helps advise clients on how to safeguard their finances through offshore financial entities. He helps people set up their offshore bank accounts, companies, and gold/silver vaults in financially advantageous offshore locations. Get in touch with him today for more information on our services or to hire us to help you set up your offshore financial accounts.

For more information on moving overseas, please check out The Expat Money Show with Mikkel Thorup 

Please visit Amazon to purchase Mikkel’s #1 Best-Selling book Expat Secrets. and follow Mikkel Thorup on Twitter @ThorupMikkel  

I hope you enjoyed reading: Why Dubai is One of the Best Offshore Havens. Here are some additional articles that I’m pretty sure you will love!

The Ultimate Guide to Going Offshore

Interested in a Panama Residence?

The Expat Money Show: Interview with Joel Nagel

A Second Residency to End all Your Financial Woes

10 Things You Need to Know About Medical Treatment in Dubai

 

If you’re considering traveling or moving abroad, be sure to explore your healthcare options. Visit International Citizens Insurance to learn more and get a free quote.

Total
17
Shares
Share 0
Tweet 0
Pin it 17
Related Topics
  • offshore
  • Offshore Banking
Previous Article
  • Belize

Get to Know the Best Places to Live in Belize

  • March 1, 2019
  • BY
View Post
Next Article
  • Asia

5 Tips to Ease Your Transition After Moving to Japan

  • June 1, 2020
  • BY mhollen
View Post
You May Also Like
Low-Tax Countries to Save Money in 2025
View Post
  • Plan B
Where Expats Are Moving to Keep More of Their Money
  • BY EA Editorial Staff
  • August 27, 2025
Belize Offshore Banking
View Post
  • Plan B
Why Belize’s Waters Run Deep in Offshore Banking
  • BY Luigi Wewege
  • August 20, 2025
International Banking Structures
View Post
  • Plan B
Tax-Friendly Banking Solutions for International Investors
  • BY EA Editorial Staff
  • August 13, 2025
View Post
  • Interviews
Meet the Legal Strategist Guiding Portugal’s New Wave of Expats
  • BY Isha Sesay
  • July 19, 2025
Reduce Your Taxes by Moving Abroad
View Post
  • Plan B
Legally Reduce Your Taxes by Moving Abroad
  • BY EA Editorial Staff
  • July 16, 2025
best place to retire
View Post
  • Plan B
Retiring Abroad: Where Can You Actually Afford to Live?
  • BY EA Editorial Staff
  • June 18, 2025
Not all retirements are created equal—especially when taxes are involved.
View Post
  • Plan B
How to Retire Tax-Free Abroad
  • BY EA Editorial Staff
  • April 23, 2025
Investors diversify globally to protect their future.
View Post
  • Plan B
Why Every Investor Needs a Plan B Abroad
  • BY EA Editorial Staff
  • April 3, 2025
Trending Posts
  • Moving to Morocco: a palette of Tradition, Texture of Tradition 1
    • Morocco
    Top 10 Things to Know if You’re Moving to Morocco
    • August 18, 2025
  • Croatias Tourism: Aerial view of Croatia’s stunning Adriatic coastline, where historic towns meet turquoise waters 2
    • Croatia
    Croatia’s Journey to Wonder
    • August 22, 2025
  • Albania Travel Guide: City views in Tirana, Albania on a summer afternoon 3
    • Albania
    Albania’s Bold New Beat
    • August 15, 2025
  • Belize Offshore Banking 4
    • Plan B
    Why Belize’s Waters Run Deep in Offshore Banking
    • August 20, 2025
  • The search for a second passport has shifted from luxury to necessity for many Americans 5
    • Second Residency
    America’s Second Passport Fever
    • August 25, 2025
Subscribe
Know Before You Go
  • Friendly locals and relaxed daily life in The Gambia 1
    • Africa
    Could The Gambia Become Africa’s Next Digital Nomad Safari?
    • August 29, 2025
  • Croatias Tourism: Aerial view of Croatia’s stunning Adriatic coastline, where historic towns meet turquoise waters 2
    • Croatia
    Croatia’s Journey to Wonder
    • August 22, 2025
  • Moving to Morocco: a palette of Tradition, Texture of Tradition 3
    • Morocco
    Top 10 Things to Know if You’re Moving to Morocco
    • August 18, 2025
  • Albania Travel Guide: City views in Tirana, Albania on a summer afternoon 4
    • Albania
    Albania’s Bold New Beat
    • August 15, 2025
  • Luxury Travel Experiences with Christina Tan 5
    • Interviews
    Inside the World of Luxury Travel with Christina Tan
    • August 11, 2025
Learn More
  • About Us
  • Contact Us
  • Subscribe
Why Subscribe

The newly imagined Escape Artist brings you fresh content with a global focus, and sharp, up-to-the-minute coverage of the joys, challenges, and opportunities of life abroad.

For a limited time, we’re offering a special discount on all subscription deals, so be sure to lock-in these incredible savings and start receiving top-notch travel and expat content today!

Sign up for the EA Newsletter

Get important news delivered directly to your inbox and stay connected!

This field is for validation purposes and should be left unchanged.
Escape Artist
  • Terms & Conditions
  • Privacy Policy
  • Cookies Policy
  • Disclaimer

Input your search keywords and press Enter.

Newsletter Subscription
Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/