Topic: Europe not good for business now Dubai safe heaven (Read 565 times)

Inasmuch as the businesses are been setup,they don't seem to last for longer years.Dubai has a high level of promoting and legalizing businesses,a lot of persons are still not comfortable with Thier pattern of activities as they consider them baised and highly religious over their affairs of the country. Dubai is not for everyone and growing businesses, because one might get disappointed in the long run.

This singular act of theirs will be the reason why most people won’t want to go to Dubia to start up a business. Even those with same religion with them won’t see it as normal. I mean in business as much as you don’t want to owe, you have to consider it when either you run out of stokes and the demands are high. Or maybe one’s business isn’t really making as profit as they should or maybe suffer lost. There are so many reasons why a business owner can go in to debt.
But then how does jailing such person enable them to go about their business and clear off their debts. This will leave them with their debts increasing. So the thought of this alone will make one not consider going to start up a business there.

Yes ,I agree with the statement of OP . OP knows that in Dubai we are free to invest our money in anything and we can invest more money as we want and then taxes ratios are very low as comparison to in the European countries and in the USA . So all the business mans are very impressed by the Dubai and they want to set up business in Dubai. Dubai is producing millions of millionaires because there are thousands of opportunities to start a business from scratch but in USA ,that kind of environmental is not government is thief and they are withdrawing the money from the public by printing the dollars.

If you wish to throw away all your money and get screwed over, then you should definitely head to Dubai - the kingdom of fakery. It is a mirage built on the desert that brings in a lot of tourists, once, who quickly realize that it has very little to offer under the surface and you pay a high cost to experience anything over there. You will never have the rights of a local citizen, because you cannot become an Emirati like you can in other countries within Europe. There is no doubt a lot of Russian money flowing into it, but that is only to get around sanctions and Dubai might eventually find itself a target of those sanctions eventually by extension - they're not stupid and will try to hide illicit funds.

No matter how "strong" a currency looks, they will never be as good as bitcoin, that is why it doesn't matter if it's dollar, euro, rubble, yuan or dirham, in the end bitcoin is better than all of them. Remember, those are just currencies and bitcoin is a currency AND an asset at the same time as well. So that is why I believe that we are going to end up with a good result no matter what, we shouldn't really be putting in any different type of result into this, we need to consider how to grow and that will make things a lot better for us.

I believe bitcoin is the way to go for every single person in the world, doesn't matter where you are living, doesn't matter where you want to invest, as long as you have your investment, then you are going to be doing fine. I believe the best thing to do right now, would be just focusing on what we would do, and that is why I believe we are going to profit from this without much trouble and should be considering better future for us.

You might be right with that because I think I've heard positive things about Europe and I don't even feel their decline if it is true. If a country is rich, then I think that also shows that everyone cares for each other.

Even though we are talking about business here and business is mostly about money, indeed that care for the people must also be there, like for example on how we treat our customers because that makes them to comeback to us and that makes us stronger. About the workers being abused. I think all countries can experience this and I think a country is not to be blamed here but it was the employer because there are still kind employers in each countries.

The UAE dirham is stable but does not grow well against major currencies to which it is pegged, particularly the U.S. dollar. Consequently, this limits drastic appreciation. The dirham has remained largely flat, so it is not exactly like Bitcoin's early-boom days, as mentioned. Money in a stable currency can be smart, but the prospects for growth are very limited  .

Also, Europe isn't in such dire shape. For example, Spain's banks have held up, but other EU banks are resilient too, and the Euro has stabilized somewhat. Of course, the EU certainly has its challenges, such as high interest rates, but all is not doom and gloom across the continent. It also makes much sense to diversify into a mix of assets, including BTC and stablecoins. Having exposure to several stable markets can minimize risks, even if it means answering some of the "silly questions" that regulations often require.

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countries like Europe it will all be because of the tax because most of all these countries are not tax friendly at all, and anything that is making you invest or even start a business in does countries
because the more you are making a profit the more they are taxing you, so there is always a challenge, what if am not making enough money from my business then how do I even keep up with taxes in such countries, look at Dubia for instance bro that is like one of the best countries that you can establish something and you have peace of mind because everything you need and even at a cheaper rate is available.

when you talk of modern infrastructure Dubai is one of the best and a lot of people are going to be running to Dubia because of all these features, especially the policies it is gradually becoming more of a place of attraction, and they are ever ready to accommodate people and that is why people keep running to those countries and all the factors you mentioned are only in Dubai and only a few countries are friendly like them.

And even the crime rate is low compared to countries like Europe where they can even rob you so if the resources are there then why not consider establishing your business over there if not it is going to be nice.

The Middle East and Asian continent always has a strong business sense just as Dubai is proving to be one.
I have seen videos of large Bitcoin mining farms that is owned by investors in Dubai, they surely have done well in that area and have lifted any tax laws on crypto currency.

Dubai aims to achieve more feat in structural engineering, bioengineering, business, other diverse fields and am sure we would see more integration of AI and bots into the society to aid their businesses and remain among the top spot destination for tourism.

Absolutely! EU and American continent are the worst places to start a crypto business. These are sinking ships. Due to high cost of living and repetitive instances of tax terrorism,  it's best to move any crypto related businesses from these continents.

I also want to point out the possibilities in Singapore. They are equally good with Dubai when it comes to setup a business. probably a little more costly because it has a 17% tax implications.

Also, people think that Dubai is tax free. But that's not the reality! Dubai is tax free upto revenue of 375,000 Dirhams. Post that 9% corporate tax is levied. 

It is definitely a business friendly country for those who want to choose Dubai to start a new business. Investments from different parts of the world have already increased and continued.

Before setting up a new business in a country, the tax system is one of the most important considerations. If the amount of taxes is low, then the confidence of investors in that country increases because they can make more money. That is why people are more interested in setting up businesses in that country. And Dubai has the lowest business tax.

The Dubai government has made very easy provisions for setting up a business entity due to which an investor can set up his business in a quick time. Foreigner gets 100% ownership of the company along with duty free imports benefits making it a paradise for businessmen to do business. Businessmen get the facility of setting up their business in Dubai very easily.

Accommodation and living expenses are high in many major countries of the world, but in comparison, Dubai has low expenses. Due to the relatively low cost of utilities and transportation in residential and commercial areas and the availability of taxes, Dubai is a favorable country for business. Dubai is now the first choice for businessmen to operate any small and medium business.

In a report prepared by Al Arabiya channel, it was mentioned that the TripleA platform, which specializes in cryptocurrency payments, covered the list of Arab countries leading in digital currencies, as the UAE came at the top of the list with the highest rate in the world at a rate exceeding 25% from total population during the current year 2024. While the Kingdom of Saudi Arabia came in fourth place globally in terms of its population using cryptocurrencies at a rate of 15% of the total population.

I am sure that these numbers are inaccurate and that the number of users exceeds these announced rates because a large percentage of crypto users do not declare this and cannot be monitored or their activities tracked. I personally expect a much larger number of users in other Arab countries such as Egypt or North African countries, but they are not on this list because their percentage is not large compared to the population. The percentage of 25% of the population of the Emirates means less than three million people, since the population of the United Arab Emirates has just over 11 million and most of the population are foreigners, while the percentage of 15% in Saudi Arabia exceeds 5 million people. I am sure that Egypt has a number of users much more than these numbers.

TripleA also predicted that the number of cryptocurrency users around the world will reach 562 million people by the end of this year 2024. I also think that this is a very small number and cannot be real, and I wonder how the platform was able to deduce this data?

I just wanted you to know that for every pros, there is definitely a con and you are not discussing that bit focus on why Business are best In Dubai and should avoid Europe. That's true, Dubai seems to be a safe haven for many businesses but there is a condition that comes with it and you need to have a minimum amount of deposits before you can start a business in Dubai and you are not also saying the influence on the market with how the business will sell fast.

There are some business that can't survive in Dubai, imagine that you plan to set up an alcohol drink in Dubai because there environment is good for business only to see there is huge protocol for such business to be allow, that's alone will discourage but such kind of business will boom when you move it to Europe. Just know that no place is too good for business and no place is bad for business.

Dubai is just across the gulf from Iran, one of the most volatile countries in the region and one that could cause havoc to it's neighbors. It is slowly making peace with Saudi, but they are still vying for power in the region and it could still go wrong. These small emirates would just be brushed aside in that situation and be like Kuwait when Iraq invaded, overrun in days. That sort of vulnerability means that few businesses are going to move out of the much safer Eurozone, with it's advanced military and stable legal system that is less likely to bend to the will of the rulers. A strong legal system and fair justice system is important for business, Dubai has some of it but you can even see with the odd tourist cases how manipulative the government can be.

The strength of a country's currency isn't the only defining factor as to whether it is good for business people or not. You could say that Dubai's got the money but do they have the facilities, do they have the population? Are they in the market for mass production to commence and see them as a good investment? How much are Dubai's manpower compared to staple producers and manufacturers like China? If no is your answer to some of these questions, then that just means that Dubai is not yet in the market to replace major business producers and manufacturers, especially not when they are sinking as fast as New York so it seems.

In my opinion nothing would still beat the capabilities of Europe and the Eastern Asian countries to facilitate production at lightning-fast speeds. And while there is definitely issues as of the moment that they have to deal with (warring and their dwindling economy), those issues pale in comparison to their capabilities when it comes to providing manpower, support, and facilities. If Dubai couldn't do so much as to equate such a feat, I don't see it being able to replace Europe in any way whatsoever.

The risks are not the same in Dubai and Europe.
Business & regulation risks are higher in Europe, political risks are very different but there in both regions.
You get to keep much more of what you make in Dubai and the security is much better than the average in Europe

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.

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.

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.