Background

Daniel is a talented IT developer and programmer of a well-known gaming app that generates high six-figure revenues annually through in-app purchases. With a steadily growing user base, Daniel has built a strong presence in the digital market. In search of tax and social advantages, he decided to emigrate to Dubai in the United Arab Emirates.

Daniel's Main Goals

• Tax Savings: Daniel wanted to significantly reduce his tax burden in order to have more financial resources available for personal and professional investments.

• Environment with Like-minded Entrepreneurs: Daniel sought an environment with a high density of professionals and entrepreneurs to expand his professional network and stay inspired.

• Quality of Life in a Dream City: Dubai offered Daniel a high quality of life, modern infrastructure, and a vibrant international community.

Challenges

• Valuation of the App as an Intangible Asset: The valuation of the app posed a complex challenge as a plausible justification for a minimal valuation was required.

• Residency Management: Daniel wanted to maintain close ties to Germany, which meant he frequently stayed in Germany. This required careful planning of residency management to meet tax and legal requirements.

The Solution: Emigration to Dubai

After thorough analysis and consultation, Dubai was identified as the ideal location. The reasons for this were:

• Tax Advantages: Dubai offers significant tax reliefs, including no income tax on personal earnings, allowing Daniel to save nearly six figures annually in taxes.

• Network of Professionals: Dubai is an international hub for technology and innovation, providing Daniel access to a network of like-minded professionals and entrepreneurs.

• High Quality of Life: Dubai offers a high quality of life, modern amenities, and a multicultural environment that Daniel greatly appreciates.

Actions Taken

We were able to support Daniel in the following areas:

• Tax Consulting: We provided comprehensive support to Daniel in the legal structuring and tax planning to assess the app as an intangible asset with a very low value. This was achieved through a plausible and well-founded justification.

• Residency Management: Listing all relevant facts to ensure no tax liability is established in Germany to meet all legal requirements and minimize tax risks.

Results

Among other things, we were able to achieve the following results for Daniel:

• Significant Tax Savings: Daniel now saves taxes in the six-figure range annually, allowing him to invest more money into his business and personal projects.

• Expanded Professional Network: Daniel has access to a community of professionals and entrepreneurs that foster his professional growth and inspire him.

• High Quality of Life: Daniel enjoys the amenities and vibrant atmosphere in Dubai while frequently staying in Germany to maintain his contacts.

Conclusion

Emigrating to Dubai has proven to be extremely beneficial for Daniel. By combining significant tax advantages, a dynamic professional environment, and a high quality of life, Daniel was able to achieve both his personal and professional goals. This case study underscores the importance of careful planning and professional support in emigration and the implementation of international business strategies.