Dubai tax residency: the illusion sold by TikTok and OffshoreCorpTalk gurus

It’s foolish to think to make money by buying a random apartment in Dubai. Real estate investing is something different.

Marty McFly said:

It’s foolish to think to make money by buying a random apartment

NGL, I used to believe this delusional bullshit, too, when I was much younger. 🤦:banghead::banghead::banghead:
I'm so happy, this delusion was BEATEN out of me. F******ck! 🤦:facepalm::facepalm:

I have to admit, I've never seen anything pushed so hard as the UAE 'dream' and everything that entails. From real estate to business packages, the marketing companies are countless. I still get approached regularly. It's a well-oiled machine that works to a certain extent, because rents kept rising (artificially or not, I don't know) hard until the recent attacks.

I keep seeing videos of rocket impacts. Recovery flights are proving difficult, and the exodus seems quite significant now. I'm very curious how long this will last. And I'm also very curious how much reputational damage this has caused long term.

Fiscal said:

I have to admit, I've never seen anything pushed so hard as the UAE 'dream' and everything that entails. From real estate to business packages, the marketing companies are countless. I still get approached regularly. It's a well-oiled machine that works to a certain extent, because rents kept rising (artificially or not, I don't know) hard until the recent attacks.

I keep seeing videos of rocket impacts. Recovery flights are proving difficult, and the exodus seems quite significant now. I'm very curious how long this will last. And I'm also very curious how much reputational damage this has caused long term.

Dark marketing, all shit.

CEO said:

Dark marketing, all shit.

Come now. It’s not all shit for the psychotic bedouins or the slavic whores. Well, ok, it probably is for the slavic whores.

🤣 🤣 🤣

marioIT said:

🤣 🤣 🤣

They are just trying to seek validation for their own stupid choices.
If you don’t like London, move to the Cotswolds. Oh wait, perhaps that’s way too much more expensive than renting an apartment in the desert?

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It's fine after all... the DXB airport area was just hit and another building (drone?)

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but yeah nobody is leaving....

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I knew they would panic, but I still don’t understand why. Laughing at the influencers trying to maintain their grift aside, some North American and European cities are actually more dangerous than Dubai right now. It’s just a few (and decreasing) missiles and drones being randomly flung around, mostly in the direction of places these people wouldn’t be. The property market in UAE was inevitably going to experience a downturn. This only hastened it.

Flights through the region are a mess. Etihad and Emirates are prioritizing getting their citizens back and getting people on short term visas out. Qatar is going to resume limited flights in and out of Doha next week. Transfer passengers, short term visas, and golden visa types are stuck and being denied at the airport. Flights into Saudi and Muscat are still operating but it’s hard to find available seats. I’ve had no luck yet. It’s a fairly easy drive in and out via the UAE-Omani border and they are still letting people through. I’m not sure about land transport to and from Saudi (only ever personally been across the causeway from Manama to Dhahran) though Canada bussed some of its citizens from Doha to Riyadh for repatriation flights.

Cargo is still coming in and out by air and land, albeit with some interruptions. Sea cargo isn’t happening at the moment. Ships are hanging out on either side of the strait and occasionally getting blown up by drone or small boat.

JohnnyDoe said:

It’s just a bit of war, what’s the problem? After all, what do you need to be happy?

You’re more likely to get stabbed by an African at Roma Termini than hit by an Iranian drone in Dubai. These are low probability events. Now, if you own property in Dubai? Yeah, you’re getting sheared like a sheep and you should be concerned. Don’t get me wrong. I’m all for laughing at the fear of the influencers and the pathetic attempts to maintain the grift in the face of mob panic. I’m just keeping in mind an accurate risk assessment of the actual hazards.

JohnnyDoe said:

No doubt (current) probabilities are similarly low.
But crime and war are not in the same class of risk. Organized state violence is not the same as getting stabbed by a lunatic at a train station.
Causes and consequences live in completely different universes, so comparing them is like comparing pickpockets to artillery.
Beware of the bedouins.

Dead is dead, regardless of cause. There are generally more uncertainties around the possibilities involved when dealing with a war than with street crime. More actors with more capabilities increase the scope of the possible. In that the type of risk is different. The magnitude of risk and outcome of that risk, in this case with many of those possibilities controlled, appear fairly similar. If you are in the wrong place at the wrong time, you might die, with the wrong place and wrong time being discrete localized instances.

It’s also a fair point to say there is zero chance of being stabbed by an African in Termini or being blown up in Dubai by an Iranian drone if you do not go to either place. While there are more Africans in and around Termini than there are Iranian missiles snd drones in and around Dubai, you can avoid all of the above with relative ease.

Is that train out of Rome is worth the risk?

Paratore said:

Dead is dead, regardless of cause. There are generally more uncertainties around the possibilities involved when dealing with a war than with street crime. More actors with more capabilities increase the scope of the possible. In that the type of risk is different. The magnitude of risk and outcome of that risk, in this case with many of those possibilities controlled, appear fairly similar. If you are in the wrong place at the wrong time, you might die, with the wrong place and wrong time being discrete localized instances.

It’s also a fair point to say there is zero chance of being stabbed by an African in Termini or being blown up in Dubai by an Iranian drone if you do not go to either place. While there are more Africans in and around Termini than there are Iranian missiles snd drones in and around Dubai, you can avoid all of the above with relative ease.

Is that train out of Rome is worth the risk?

Knife attacks can be controlled/minimized. Our own defense responsibility rests on us.
I really doubt any of these guys on this forum are unarmed. Last time I showed my daily self-defense weapons, I was SHOCKED at the amount of diabolical & deadly weapons you all had.
I spent a whole year studying and practicing intensive Filipino Kali / Eskrima / Arnis in Cebu City and I'd NEVER seen some of the weaponry some of you here displayed. Like WTF? 😲

I ended up buying the weapons you displayed and frankly if someone tried to attack me with a knife...they will NOT live to tell their story.

The problem is there is NO such similar defense against a missile or its debris. 😭...This is what @JohnnyDoe is alluding to.

Exactly! Life itself is risky, you die from living. Someone could slip in the shower or have a piece of roof fall on their head (1000 Ways to Die).The point isn’t calculating every possible chance of dying, those risks exist everywhere at any moment. As @jafo and @JohnnyDoe said, the real focus should be on what you can actually control.