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Offshore
Resident: Dubai
In
Dubai there are no personal taxes other
than import duties (mostly at rates up
to 10%), a 5% residential tax assessed
on rental value, and a 5% tax on hotel
services and entertainment.
Evidently,
Dubai does not have anti-avoidance provisions,
CFC rules or transfer pricing rules. It
is clear that a resident of Dubai is in
a good position to acquire and maintain
offshore assets, including assets in Dubai.
American
citizens, and nationals of the very few
other countries that tax world-wide income
on the basis of citizenship, won't be
able to take advantage of the low-tax
environment in Dubai, but for all other
nationals, it is available.
www.lowtax.net
contains extensive information on the
investment, tax and legal regimes in 50
of the main offshore jurisdictions. Further
information is available in our Investment
Information Providers Section, and
the four main types of offshore investment
are described in the Guide
to Offshore Investment on this site.
NB: The suggestions given above do not
constitute investment advice. They are intended
only to assist individuals in finding appropriate
professional advice, which is essential
for anyone planning offshore investment.
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Lowtax Network Portal