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.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
