Habibi come to Dubai

[silverark21]

Why are so many crypto folks moving to Dubai??

[mastertrader_]

Dubai's allure for crypto folks stems from its crypto-friendly regulations, tax advantages, and business-friendly environment. The DMCC free zone offers dedicated licenses and infrastructure, while the VARA provides a regulatory framework for responsible growth. Dubai's lack of income tax and low corporate tax rates are highly attractive, coupled with a well-developed financial ecosystem and world-class infrastructure. The city's vibrant business community, luxury lifestyle, and strategic location further enhance its appeal. Did I miss something?

[coin-investor]

Why are so many crypto folks moving to Dubai??

Do you have an article or data that will validate your question because based on many articles Dubai is not even on the top 10 checking one of the latest article on the
Top 10 Crypto-Friendly Countries for Your Business in 2024 And Dubai is nowhere on the list so when it comes to numbers its these countries that are on the list are where Crypto folks moving to enjoy Crypto regulation.

But Dubai is such a great country a great business hub and

emerged as the global hotspot for businesses with a robust commercial ecosystem.

And based on this article it has all the elements to become a business haven
https://www.linkedin.com/pulse/top-10-reasons-dubai-ultimate-business

[passwordnow]

Why are so many crypto folks moving to Dubai??

First, it's very crypto friendly and that's why people that have a bunch of holdings are moving there and won't have any problems with the assets that they hold whether they sell there, they won't be obliged to pay capital gains tax. Therefore, Dubai is a tax-haven for crypto folks and CMIIW, even the personal income tax is for free or if not, it's lesser than most of the other crypto friendly places.

Next, its diverse culture and people is what's probably another reason. This gives flexibility to anyone that's free to come there and enjoy the country with the assets that they have. Dubai's way of welcoming crypto people is very effective as it impacts the country not just in tourism but also in other sectors that are also connected to it.

[avikz]

Why are so many crypto folks moving to Dubai??

Dubai is probably the best place for any kind of businesses. What Silicon valley used to be in its early days, Dubai is doing now. Extremely friendly regulations, easy to get clearances, no beauracratic red tapism and best-in-the-world infrastructure.

Not just crypto related businesses, rather all types of businesses are.moving to Dubai. The same goes for Singapore as well but with taxes.

[Kavelj22]

Indeed, it can be noted that many projects are now studying the possibility of announcing their activity from the Arabian Gulf region, coinciding with the announcement of some Gulf countries adopting projects that support crypto, including well-known major economies such as the United Arab Emirates or the Sultanate of Oman, which are in the process of studying draft laws regulating the field.
Qatar recently joined the wave by announcing a project to regulate the crypto market. According to a joint statement issued last Sunday by the Qatar Financial Centre (QFC) and the Qatar Financial Centre Regulatory Authority (QFCRA), Qatar has launched a new legislative framework to regulate and supervise the thriving crypto markets. The statement revealed that this legislative framework sets the legal and regulatory foundations for the operation of digital assets, covers the digital representation of assets (tokenization), recognizes the ownership rights of digital currencies and the tangible assets they represent, includes regulatory laws related to custody, transactions, and trading platforms, and also recognizes the legitimacy of smart contracts.

[CoinFoxs]

Why are so many crypto folks moving to Dubai??

Dubai is becoming the hub of crypto users due to their crypto friendly policies, you can easily meet people from all nationalities in dubai they all can easily get visa of dubai without any restrictions.

[FortuneFollower]

Why are so many crypto folks moving to Dubai??

Dubai is becoming the hub of crypto users due to their crypto friendly policies, you can easily meet people from all nationalities in dubai they all can easily get visa of dubai without any restrictions.

Yep, I agree. Many people move here if they have the funds ready.
Quite a good place I imagine

[ultrloa]

Why are so many crypto folks moving to Dubai??

This is simple brief of explanation about your question.

So, Why Do Crypto Businesses Prefer Dubai?
As it comes from our review, the top five reasons leading entrepreneurs, startup owners, and investors to Dubai are as follows:

The government’s commitment to crypto and blockchain integration at all levels.
A safe, predictable, and comprehensive regulatory framework for crypto operations.
A welcoming business environment with tax-free zones for Web3 startups.
A well-developed digital infrastructure with multiple business development and setup opportunities.
A vibrant and competent Web3 community of businesses and investors, ensuring access to capital and networking.

You can read it here. https://www.linkedin.com/pulse/top-5-reasons-global-crypto-businesses-flocking-dubai-nick-patel-6ikdf They are really up for good developments and we see that Dubai is doing good when adapting innovative changes especially with this new technology introduced to them.

Hoping for many country to act the same as what Dubai do.

[FortuneFollower]

Why are so many crypto folks moving to Dubai??

This is simple brief of explanation about your question.

So, Why Do Crypto Businesses Prefer Dubai?
As it comes from our review, the top five reasons leading entrepreneurs, startup owners, and investors to Dubai are as follows:

The government’s commitment to crypto and blockchain integration at all levels.
A safe, predictable, and comprehensive regulatory framework for crypto operations.
A welcoming business environment with tax-free zones for Web3 startups.
A well-developed digital infrastructure with multiple business development and setup opportunities.
A vibrant and competent Web3 community of businesses and investors, ensuring access to capital and networking.

You can read it here. https://www.linkedin.com/pulse/top-5-reasons-global-crypto-businesses-flocking-dubai-nick-patel-6ikdf They are really up for good developments and we see that Dubai is doing good when adapting innovative changes especially with this new technology introduced to them.

Hoping for many country to act the same as what Dubai do.

I think many are there for control and centralization, and Dubai strives to diversify its efforts in being a hub for many things that aren't that gud in the West or America.
Or it sees Web3 path as a prominent one and its innovation => which would transform into the projects and funds in the future.

[Reatim]

Why are so many crypto folks moving to Dubai??

Are they that many? Certainly I am not yet part of it so I wouldn’t know. 

But when I think of Dubai, I think of expensive lifestyle which is proved by the high living costs in Dubai. It seems like many see Dubai to be very welcoming to crypto and innovation in general. Dubai is very progressive and has really good laws that protect one’s self and assets.

I don’t think any crypto folk can easily move to Dubai, you’d probably need to be a millionaire or something of sort.

[fikrett]

Why are so many crypto folks moving to Dubai??

Are they that many? Certainly I am not yet part of it so I wouldn’t know. 

But when I think of Dubai, I think of expensive lifestyle which is proved by the high living costs in Dubai. It seems like many see Dubai to be very welcoming to crypto and innovation in general. Dubai is very progressive and has really good laws that protect one’s self and assets.

I don’t think any crypto folk can easily move to Dubai, you’d probably need to be a millionaire or something of sort.

I agree.
Many - well-known - or - rich - or - successful - folks can move to Dubai.
But, still, the fact is there - this place is very innovative as you said regarding its policies.