Tax residency basics (general): what to clarify before relocating

{ "title": "Tax Residency Basics in Dubai: A Guide for High-Net-Worth Individuals", "excerpt": "Relocating to Dubai? Understand tax residency basics to secure your crypto wealth and ensure compliance.", "html": "<h1>Understanding Tax Residency in Dubai</h1> <p>Before relocating to Dubai, it's essential to grasp the basics of tax residency to avoid potential complications.</p> <h2>What is Tax Residency?</h2> <p>Tax residency refers to an individual's status as a resident for tax purposes in a specific country or region.</p> <h2>Tax Residency in Dubai</h2> <p>Dubai, being a free zone, has a unique tax system. The UAE has a 0% personal income tax, but tax may be levied on foreign-sourced income.</p> <h2>Implications for Crypto Wealth</h2> <p>Crypto assets are subject to tax in the UAE, and as a tax resident, you may be required to report and pay taxes on your crypto gains.</p> <h2>Practical Steps to Clarify Tax Residency</h2> <p>To ensure compliance and security, consider the following:</l> <i