Dubai has an awful lot going for it, including tax and Bitcoin (crypto) friendliness.
My concern, however, is it is an absolute Monarchist state, meaning everybody is subject to the will of the King.
For the moment that King is benevolent.
Self sovereignty appears to be at odds, in theory at least, to living in a Monarchy.
Agree. The top dog could switch you off whenever they choose
But what are the chances of that? Actual probability is very low (for now) from what I’ve read
Whilst you’re locking in a certain 20% tax on profits annually in addition if you setup in Australia
Going to get bespoke advice. As there’s always ways of slicing the onion
But it’s certainly true “go where you’re treated best”, but in this case your business can go, whilst you sit somewhere else
I’ve not got any interest reside in Dubai eg
But totally open to operating a business from there
Will see if any fine print advent residency status etc
It certainly is a great place to do business and agreed, the regime is pretty unlikely to change while the system is working.
Good luck 👍
Cook Island Trusts are something worth looking into, along with a family office if you are looking to secure your wealth for the next generation.
How is democracy better? It's a bunch of idiots making decisions on your behalf, but in reality they're all just puppets who do as their told by their overlords.
