Kevin McKenzie - Path To 0% Tax, GenZone Dubai
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About Kevin McKenzie
Kevin grew up in a Canadian diplomatic family, immersing himself in various cultures around the world and becoming fluent in three languages: French, English, and Spanish. His educational journey began with French schooling in Ottawa, Canada, continuing through to university where he studied finance at the University of Ottawa.
During his four-year program, Kevin gained invaluable experience working multiple jobs, including roles at the Canada Revenue Agency (the tax authority of Canada) and as a financial advisor at a major French Canadian bank. These positions provided him with a solid foundation in financial management and tax regulations. While still studying and working, he also ventured into entrepreneurship, launching several businesses.
Kevin’s Life in Canada
Kevin recalls, “I was working two jobs, in school full time, and working on my business, which meant 16-18 hours per day trying to get as much as possible done. At one point, before I started working at the CRA, I worked another job for a major mining company in Sudbury called VALE. I was only able to work there because it was during the pandemic when school went online. I would work there from 4 AM to 1:30 PM, then go home, sleep for 30 minutes, and work my second job at the CRA from 3 PM to 11 PM, to then wake up again for work right at 4 AM. It was the hardest years of my life, but it allowed me to build a safety net and gratitude for what I have today.”
Eventually, after launching business after business, one of these ventures became so successful that it enabled him to leave his financial advisor role and focus entirely on his entrepreneurial pursuits. Kevin stated, “Leaving the corporate life was the best feeling I have ever had in my life. The day after quitting, I had no alarm but jumped out of bed ready to take on the day well before I would normally wake up.”
Kevin’s Move to Dubai
As Kevin started to create significant wealth, he encountered a major challenge faced by Canadian entrepreneurs: high taxes. Leveraging his financial knowledge and entrepreneurial mindset, he researched for months until he discovered Dubai, where one could legally pay 0% in taxes.
In April 2022, Kevin finally registered a new business in Dubai. After successfully navigating the tax landscape for himself, Kevin realized this was a service many others needed, especially given that some countries have tax rates exceeding 50%. He identified a demand for a premium service that could manage the entire process, helping clients avoid costly mistakes.
Kevin stated, “You see, after doing this alone, we quickly realized that it was not worth it. We wasted well over $10,000 and could have saved over $100,000 in taxes if we had completed the process sooner. That’s exactly why people use our services—we make them money. It’s a positive ROI from the start.”
Today, Kevin and his business partner have built one of the most reputable Dubai company setup consultancies in the UAE. They have helped thousands of people learn more about Dubai and taught them how to get set up through their social media videos.
Reasons To Start A Business In Dubai
Tax Benefits: No personal income tax, capital gains tax, or wealth tax. This allows businesses to retain more profits.
Strategic Location: Dubai’s location serves as a gateway between the East and West, providing access to markets in Europe, Asia, and Africa.
World-Class Infrastructure: Advanced infrastructure including state-of-the-art transportation, telecommunication, and utilities.
Ease of Doing Business: Simple and efficient procedures for business setup, including streamlined processes in free zones.
Economic Stability: A diversified economy with strong sectors such as tourism, real estate, and financial services, ensuring economic resilience.
Supportive Government Policies: Pro-business regulations, incentives, and initiatives aimed at fostering entrepreneurship and business growth.
Skilled Workforce: Access to a diverse and highly skilled talent pool from around the world, attracted by Dubai’s lifestyle and opportunities.
High Quality of Life: Modern lifestyle with excellent healthcare, education, entertainment, and recreational facilities, attracting expatriates and skilled professionals.
Innovation Hub: Strong focus on innovation and technology with initiatives supporting startups, incubators, and accelerators.
Free Zones: Over 40 free zones offering benefits like 100% foreign ownership, duty-free imports, and simplified business regulations.
GenZone’s VIP Business Setup Process
The VIP process is designed to streamline the entire residency visa journey, from registering your company to obtaining your Emirates ID and setting up personal and business bank accounts.
Here’s a breakdown of the VIP process timeline:
1. Company Registration (3-5 Business Days)
The initial step involves registering your company in Dubai, a process that typically takes 3 to 5 business days. Remarkably, this part of the process can be completed without your physical presence in the country.
2. E-Visa Application (3-5 Business Days)
Once your company registration is underway, the next phase is initiating your visa application to obtain the pre-authorization employment visa (e-visa). This process can commence at least 2 weeks before your planned arrival in Dubai and is usually completed within 3 to 5 business days. For VIP clients, there’s an option for a 24-hour e-visa issuance.
3. Arrival in Dubai (Saturday or Sunday)
Upon arriving in Dubai, we recommend doing so on a Saturday or Sunday. This allows for seamless processing within the immigration system, demonstrating your presence in the country. Our team will then schedule medical and biometrics appointments for you.
4. VIP Medical and Biometrics (Monday)
For VIP clients, the medical and biometrics appointments are consolidated into a single day – Monday. With our assistance, you’ll undergo both tests efficiently, and results will be received the same day.
5. Residency Visa Application (Monday to Wednesday)
Following the successful completion of medical and biometrics tests, we submit the results to apply for your official 2-year residency visa. Typically, this stage takes 3 to 5 days, but with VIP processing, you can expect your residency visa to be issued within 24 hours.
6. Emirates ID Delivery (Thursday or Friday)
Simultaneously with the residency visa issuance, your Emirates ID will be delivered within 2 to 3 business days after completing the medical and biometrics tests. This typically occurs on Thursday or Friday of the same week.
7. Personal and Business Bank Account Opening
With your residency visa and Emirates ID in hand, the final step involves opening your personal and business bank accounts. Your personal bank account can be opened in one visit, including checking and savings accounts, credit cards, and a multi-currency account. For the corporate business account, we can complete the process virtually within 3 to 7 working days, allowing you to manage it from anywhere in the world.
Book a Free Consultation Call with our Experts to learn more!
