Tax Advantages:

The decision to move from Canada to the UAE is significantly influenced by the financial landscape. In Canada, the highest tax bracket reaches approximately 50%, and when considering corporate and sales taxes, the overall tax rate can be considerably higher. In contrast, the UAE boasts a substantially lower tax burden with 0% income tax, a modest 9% corporate tax, and a 5% sales tax. This favorable tax environment in the UAE empowers entrepreneurs to retain a more substantial portion of their earnings, fostering an environment conducive to business growth and wealth accumulation.

Safety and Security:

For high net worth individuals, prioritizing safety is non-negotiable. The UAE, especially Dubai, consistently ranks among the safest places globally. Unlike experiences in Canada, where concerns for personal safety were prevalent, Dubai provides a secure environment, allowing residents to enjoy their wealth without constant fears of crime. Stringent penalties for criminal activities act as a robust deterrent, creating an atmosphere where individuals can thrive without compromising their safety.

Fantastic Weather:

Beyond financial considerations, the weather in Dubai plays a pivotal role in the decision-making process. While the summer months can be warm, the majority of the year enjoys fantastic weather with consistent sunshine. This predictability contrasts with the unpredictable weather conditions in Canada, where even summers can be affected by rain and cold temperatures.

Hustle Community:

Dubai thrives on entrepreneurship, and at the heart of it is the hustle community. The UAE boasts a dynamic and vibrant community of entrepreneurs striving for financial success. This stands in stark contrast to the Canadian landscape, where many individuals work in government positions or traditional 9-to-5 jobs. Dubai’s entrepreneurial spirit fosters a network of like-minded individuals eager to collaborate, elevating each other to new heights of success.

Activities, Entertainment, and Culture:

Renowned for its world-class facilities, entertainment options, and rich cultural experiences, the UAE, particularly Dubai, offers an unparalleled lifestyle. From the largest mall to the tallest building globally, the country caters to the desires of high net worth individuals. Luxurious shopping experiences, cultural events, and a thriving nightlife contribute to a well-rounded and enriching environment for those seeking a superior quality of life.

Ease of Residency:

In contrast to other countries with prolonged residency processes, the UAE stands out for its efficiency. Gaining residency can be achieved in as little as 30 days, with some cases obtaining residency within an impressive 16 days. This streamlined process facilitates a smooth transition for individuals seeking to move from countries like Canada, the UK, Spain, or elsewhere.

Conclusion:

At GenZone, we are committed to empowering entrepreneurs to experience the myriad benefits that the UAE has to offer. Whether you’re a high net worth individual or someone seeking a better quality of life, the UAE presents an unparalleled opportunity. 

Book a call with GenZone, and let us guide you through the process of setting up your company, obtaining residency visas, and embarking on a new chapter of success in the UAE. We eagerly anticipate being part of your transformative journey!