You need to look further. UAE has no corporation tax except on businesses involved in Fuel and Gas or subsidiaries of foreign banks.
You could setup a business say, in Dubai or Sharjah or any other Emirate of your choice. Sell your current business to that business.
And then pay yourself a salary that takes you just near the tax threshold.
So business pays no tax. And you pay just some personal tax to keep yourself off the tax man's radar.
Please seek professional advise though.
I am sure you are not the first or last person pondering this question. As a business owner, we are in a fortunate position to have more control over our destiny. Let the salaried people pay taxes.
Just my humble opinion.
You could setup a business say, in Dubai or Sharjah or any other Emirate of your choice. Sell your current business to that business.
And then pay yourself a salary that takes you just near the tax threshold.
So business pays no tax. And you pay just some personal tax to keep yourself off the tax man's radar.
Please seek professional advise though.
I am sure you are not the first or last person pondering this question. As a business owner, we are in a fortunate position to have more control over our destiny. Let the salaried people pay taxes.
Just my humble opinion.
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