Europe not good for business now Dubai safe heaven

[Mate2237]

I suppose the choice depends on the sort of business one wants to establish and on the budget. If it's a very solid business with a solid budget, I don't think it would go for Dubai. If it's something shady, and you want the smallest number of questions asked while a relatively clean front, then yes, it can happen.
In any case, there used to be a useful index for choosing a place. It was called the ease of doing business index, and it took into account the difficulty and time of starting a business, getting relevant infrastructure and permits, the tax situation, international trading and other factors. As of 2020, the best countries and places were New Zealand, Singapore, Hong Kong, Denmark, South Korea, and the US. UAE ranked fairly high, too.

Living in someone else's country is not at all like living in our own country. When we migrate to another country, we are not provided with all kinds of facilities. We have to pay more taxes on everything. We have no nationality. Given that we face a lot of difficulties in setting up a business and running it successfully, it has to do with money. You have enough ability to double that money then it's your own personal choice you can go but I don't understand why people who have enough money to start a business, instead of migrating to another country, should do it within their own country.

As far as I know, the current situation in the whole world is not stable for businesses and, especially, it is not so easy to go there and settle down and start a business successfully since it would take a lot of time and efforts, and of course, money.

Boom you have just said it all. And that make a popular saying in my country that "there is nothing like home" yes let assume that Dubai is one of the best country to invest your assets but if that investment is done in your country men, the development you would done in another person land has been done in your own land and your home land is developed.

People nare developing their countries and you are also going there to develop foe them and what can't you use the resources to develop your own so that other people will also come develop it foe your. To be a tourist attractions or center is very easy. Just develop your environment and put something in place to attract people then that is all.

[Coyster]

right now i Will put most of my money in Dubai currency and btc and Stable coins  Dubai now in the next few years Will be safe heaven

If you are going to put your money into stablecoins, i believe it's going to be USDT, so you're still putting your money into the U.S. dollars through that means, if you do not know.

Are you from the UAE? I do not want to fault what you believe, but be careful. If you are not from the UAE but you want convert most of your money to the UAE Dirham, then you must consider its stability compared to your own country's currency. That being said, i think instead of looking to put your money into another fiat currency, buy assets that can generate your profits, spread your money across different investments of varying risks and allow them grow for the next few years.

[junmisakiro]

The hype is within the country and if you are a business person then it’s better to think entering Dubai while the hype is still there. We know some countries in Europe already experiencing a decline but of course if you have a good business in mind, you can still execute it anywhere but if you want a good exposure, Dubai is a good choice.

I very much agree with your opinion. Dubai has become a major thriving business hub due to factors such as strategic location, modern infrastructure, business-friendly policies, skilled workforce and proactive government initiatives. Additionally, Dubai is also seen as an attractive destination for entrepreneurs looking to explore emerging business sectors and encourage the expansion of technology businesses into Dubai. Dubai has become a major thriving business hub due to factors such as strategic location, modern infrastructure, business-friendly policies, skilled workforce and proactive government initiatives. Additionally, Dubai is also seen as an attractive destination for entrepreneurs looking to explore new business sectors and encourage the expansion of technology businesses into Dubai.

[justdimin]

The funniest thing is @OP treat UAE Dirham i.e. fiat that created by out of thin air and has maximum supply like Bitcoin lol.

Your subject is like want to talk about business, but your content is talk about investment, well if you want to do business, it's better if you create it in South East Asians or China where the minimum wages is cheap.

As for investment, it's all speculations.

Every person who sees something new and thinks it is better, doesn't recognize that we are not seeing every company closing down their headquarters and moving there. Like for example if Dubai is so great, or at least better, why do we not see all European companies closing their European headquarters and start theirs at Dubai? Why would they say no to a better way? Maybe because it is not better way?

There are things more than just taxes and other stuff, Singapore grew exponentially just because they offered tax brakes and even zero taxes on some stuff, and yet not every company have their place there. So all in all, I would say that we should realize how one thing being better, doesn't mean everything is better there.

[davis196]

Avoid USA Canada Au Europe EU was good but due to fact that banks have liquity problems and euro not backed with any decent things like commodities i will stay away from euro. Only Spain Banks working good enough other eu zone Banks not good.

I live in a country, that is member of the European Union I don't know about any European banks having liquidity problems.
Can you mention which European banks have liquidity problems? Why do you think that banks in Spain are better than the other EU banks?
The Euro isn't backed by commodities, but so what? The Euro is the second biggest reserve currency in the world. There's no need for the Euro to be backed by commodities. The Russian ruble is somewhat stable, but I don't know for how long. The high oil prices are what keeps the Russian ruble stable. I wouldn't buy rubles, because they aren't globally convertible and it would be a pain in the ass for a guy, who lives in an EU country to buy and keep Russian rubles.

[bangjoe]

right now i Will put most of my money in Dubai currency and btc and Stable coins  Dubai now in the next few years Will be safe heaven

If you are going to put your money into stablecoins, i believe it's going to be USDT, so you're still putting your money into the U.S. dollars through that means, if you do not know.

Are you from the UAE? I do not want to fault what you believe, but be careful. If you are not from the UAE but you want convert most of your money to the UAE Dirham, then you must consider its stability compared to your own country's currency. That being said, i think instead of looking to put your money into another fiat currency, buy assets that can generate your profits, spread your money across different investments of varying risks and allow them grow for the next few years.

I think he is quite frustrated and trying to predict with his knowledge to maintain the future, conditions in Europe and America I myself don't know how they are in very good financial conditions and semiian also with the future of their country's fiat money, actually a new thing for me when he keeps the value of his money in dubai Dirham, he has certain reasons why he said that there, maybe he believes more in the future that dubai will bring with its financial system than Europe and America with its dollar.

Regarding the dollar maybe this happened because dedolarization reappeared and that might make him pessimistic about the dollar or even the stable coin, if the petro dollar disappears and of course also the dollar will be seriously depreciated.

Yes, the best step is not to keep the value of money in fiat that is exposed to considerable inflation every year, it is better to invest in assets that are very good for the future.

[EluguHcman]

Absolutely, Dubai is becoming a go-to spot for financial activities, especially for those in newer industries like cryptocurrencies. And besides the business perks, Dubai also offers a fantastic lifestyle and plenty of networking opportunities.

Dubai is a playground, business deals are definitely completed there and it is home to many millionaires - but it is still a very fake country. No big businesses are going there to setup their main headquarters and store money within the reach of the UAE authorities. The mindset has shifted slowly, but there is no getting second citizenship in Dubai, you will always be an outsider unless you were born their and their citizens get a lot of perks thanks to this. It has a very biased and heavily religious influenced legal system which is not acceptable for most mega scale business dealings. If you go into debt in Dubai, you will be jailed until you pay it off, this is not a normal practice in most other advanced economies.

That is very true, the Dubai is actually a designated business layout which attracts investors and traders to its ground but it does not feel that good relaxations like most civilized countries due to their religious practices and non citizens restrictions.
There are also verses by which strangers anchors with fear in the environs just as you said, they are being biased and most concerned of their citizens.

[iv4n]

Dubai is a playground, business deals are definitely completed there and it is home to many millionaires - but it is still a very fake country. No big businesses are going there to setup their main headquarters and store money within the reach of the UAE authorities. The mindset has shifted slowly, but there is no getting second citizenship in Dubai, you will always be an outsider unless you were born their and their citizens get a lot of perks thanks to this. It has a very biased and heavily religious influenced legal system which is not acceptable for most mega scale business dealings. If you go into debt in Dubai, you will be jailed until you pay it off, this is not a normal practice in most other advanced economies.

It's not all glitz and glamor in Dubai... I would like to add that Dubia is just one of the "business playgrounds" around the world. I wouldn't say it's fake, it's man-made with intention, and with a lot of money they are growing quite rapidly. I guess we can say it's all about the money, as always. Money is the main fuel, it keeps people there, it attracts many others and it's how the world works.

Well, I wouldn't say that Dubai is better for business than Europe... maybe it's foolish to make such comparisons without concrete examples of how one place is better for business than another. Each place has its advantages and disadvantages, and what suits someone more or less depends on the type of business.