Are you open to move to Dubai for saving tax?

Markets Discussions
1

Have you noticed how many of the big league traders have quietly relocated to Dubai?

Zero tax, high-speed internet, and the freedom to trade without the constant fear of compliance letters.

They sit in plush apartments, running powerful setups, pulling in massive profits — and none of it shows up on Indian books.

It makes you think:
If you had the chance to trade without the tax drag, would you move?
Or does home still hold you back?

2

Are they really trading in the Indian markets?

If so, I have my doubts about how an NRI can make that happen.

UAE offers an easily accessible hideout, whether it’s from taxes or other troubles, as long as you have the means to enjoy a lavish lifestyle.

3
  1. Even if you are trading in indian markets from Dubai you are liable to pay Indian taxes otherwise your bank accounts would be freezed.
  2. If you want to shift Dubai forget Indian markets and trade in forex. Again you should have a strong back-up capital.
  3. Life in foreign countries is not what’s shown on fb and insta. They show you only good. You would be alone and after a time you could become depressed.
  4. Zero tax - yes correct. But the lifestyle cost is too high comparatively.
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4

  1. Cost of living in Dubai would be 5X as compared to India. So better to pay tax and stay in India if I think only tax savings.

  2. The rights I get as a citizen of India is superior to another country that I land on unless I do whatever it takes to get citizenship.

  3. All the near and dear ones are here. Leaving India would mean leaving them also.

  4. India needs its people to propel itself to greator heights. So staying back for the mother land.

  5. Happiness is an inside job. Since my pursuit is for happiness I would rather focus on the inside than outside.

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5

Same thoughts here. I’ve read that an NRI can’t engage in the Derivative segment and isn’t allowed to operate a regular demat account.

Also, NRIs using a relative’s demat account to get around this rule, still have tax responsibilities because the actual resident owner of that account has to pay taxes.

6

This seems to relate to only those who either choose not to spend money on entertainment or simply can’t afford it. If a person is moving to a new place to save on taxes, they likely have plenty of money to spend, and I doubt they would ever feel bored or lonely for even a single day.

With so many options like beaches, casinos, bars, restaurants, and theme parks, and having enough money to spend on it, the only downside is when one realize there isn’t enough time to enjoy all this with one life.

8

You should already have a income generating business to move to other countries (other than trading). Normal lifestyle costs 3-4L per month (my cousin does job there). Forget it otherwise nobody is moving dubai just by trading options.

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