Factors to Consider for Emigrating from Spain

Marc Burgos
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Key Factor: Tax Savings in Dubai

One of the main reasons you might be considering moving to Dubai is to save on taxes, which is totally valid. In Dubai, taxes are around 0%, making it a highly attractive destination for businessmen and entrepreneurs.

Assess Various Factors

When you decide to move from Spain to another country, it's important to evaluate several factors. In some countries, such as Estonia, it is convenient to establish the company there, but not necessarily the personal residence. In others, such as Portugal, it may be beneficial to reside there physically, but not to move the company. Therefore, it is essential to analyze where it is best for you to optimize your taxes. Here are some of the things to consider:

- The company

- The person

- Bank assets

- Heritage

- Investments (real estate, stock market, cryptocurrency, etc.)


The Company: A Core Element

Among all the factors mentioned above, the company plays a key role. The decision of where to establish your business depends on whether you can decentralize it or if it is a company with a physical base and face-to-face employees.


If You Can Decentralize the Company

This is the most efficient option for optimizing taxes, since you can relocate both the firm Like the physical person.


If You Can't Decentralize the Company

In this case, we must study the situation, because it probably cannot be optimized directly, but other options must be considered. A solution would be to go to a country where 0% of personal income tax is paid, in this way your salary will come from the physical company, and in this case the best thing would be to establish a high salary, to save yourself the most amount of taxes.

Obviously, if you can decentralize the company, you can save a lot more taxes, but equally, you can also consider other options to save taxes from the company, but you have to study for each company individually.

Why is Dubai a Good Choice?

With all of the above, Dubai presents itself as an excellent option for your business. Personal income tax is 0%, and corporate income tax is also 0% if business profits do not exceed 375,000 AED (approximately 93,000€). Starting from this threshold, a rate of 9% applies.

In addition, until December 31, 2026, you can benefit from Small Business Relief, which allows the first 750,000 euros you invoice to be exempt from taxes.

Conclusion

At Gestoria Ibérica, if you schedule a meeting with us, we will be totally honest and transparent, studying what is the best option for you. Depending on your circumstances, Dubai may not always be the best option, but we'll help you find the right one.

Schedule a meeting using the button below and let's see what's the best solution for your business.

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