Topic: Europe not good for business now Dubai safe heaven - page 2. (Read 565 times)

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.

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.

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.

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.

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.

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.

Since I am not form there, so I can't say much about the trading and exchange patterns in the two locations mentioned by the Op. Whenever I hear the name of Dubai, the first thing to come my mind is the tourist attractions center and I don't know that it is very good with other kind business. And because of the maltreatment and oppressive manner by the European countries, time is coming that nobody will their services and goods.

Op everyone here like their own country currencies so that f you like Dubai currency and you can only use it with bitcoin, that is the same with other non English speaking countries in the world. Don't bring your own to another person.

The best countries for crypto business or any kind of business are countries that want to attract investors, and businesses and improve their own economy. Such countries usually are poor countries.
I can certainly tell you that Georgia is one of the best country for anyone who wants to start a business, especially a crypto business. The government offers low to zero tax rates and in some cases, they even offer tax free zone that lets you to import things without paying an import fee. The workforce is cheap and the country has lots of many talented IT personal, including software developers, testers, UI/UX designers, IT technicians and etc.
Is Dubai still the best place after all the benefits that you can get in Georgia?

I don't believe things that are discussed on paper but I like reality. The reason why I like Arabic big Arabic countries is because they don't ask for task and this help new business to prosper as they don't need to think a the time about paying tax but Dubai system is more than you think. You can't just move in even though you are granted their visa, you need some money to be paid before you can start a business there, it's one time I think before you can move down there.

Another thing about Dubai is that they don't employ foreigners like the UK and the Canada,  these two European countries are among the biggest states that provides job opportunities to foreigners even though they are discriminating sometimes and ask for high tax, you don't see such privileges in Dubai for foreigners and this why you see people don't go there despite been tax fee country.

EU is bad because of their stupid eco regulations. They're brainwashed by green terrorists and are trying to make people's lives harder bu taxing them (stealing) to finance ideas of eco warriors.
A couple of their great ideas in random order:
Stop people from using fireplaces and burning wood.
Stop people from using charcoal to grill food.
Tax car producers for not meeting emission limits, but at the same time making these limits so low that only electric cars meet them. Even hybrids are going to be taxed starting next year because they're not eco enough.
Ban people from owning livestock because it appears that cows and pigs fart and produce too much CO2
I'd run from the EU if I could, but there's still a chance to turn this around.

First of all, money isn't created out of thin air and then second of all, fiats can actually be treated like a BTC since both are currencies. You are still correct that there are only differences in between their supplies. BTC has a maximum supply of 21 million but fiats seem to be unspecified. Business and investment are seem related to each other, so why not?

A business is also an investment because it requires a capital but if we are about to pick up a location for it, I think I can agree with him that Dubai is nice place for it and actually, this is known as a business place. A lot of business-minded people gathers here and a lot of meetings are being arranged here.

Which exchange is more used in Dubai? There was a treat about Dubai crypto adoption here.

If the country is open for crypto then good for them. There are lots of regulations to be fixed in EU despite their MICA, they are still in the beginning of their regulatory body and they have issues with crypt wallets which I guess is making the regulations tighter for crypto users.

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.

The law there does not burden you, if you don't want to go to prison then pay off the debt, if it is due then you must be ready to go to prison. I think the rules there make sense as long as the intentions are good, but if the intentions are contradictory then don't stay in Dubai and in any country the law like this will be the same. Each country implements its own system, it may not be suitable for people outside Dubai but for its citizens it is not a problem. Just like tourists who visit our country, do the rules have to adjust to routine rules or vice versa, tourists have to continue to obey our rules. So basically wherever you build a business, being in debt and so on depends on how we respond and are able to pay it off. People who complain about the rules in a region/country sometimes have no intention of obeying them from the start.

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.

If you think the US is not a good for business, then you shouldn't also consider UAE. The government of the Gulf Nation has a very strong relationship with the US. I suggest you consider doing business in another country that the US has less influence over. The UAE and the US has a very strong extradition treaty that immediately the US thinks you are engaging in any criminal financial dealings, you can be extradited to the US within a twinkling of an eye. Do I need to go to Dubai to keep my money in Bitcoin? I don't also see any reason to keep my money in a fiat when I have a better option. For, Dubai is just a tourist nation for people who have so much to spend and who can abide by thier strict cultural beliefs.

The Russian ruble has performed far above the expectations of most economists. They had predicted that Western sanctions would crumble the Russian economy and make the currency worthless. And the effect of these sanctions was immediately felt at the beginning of the war. Many banks refused to exchange the ruble because it was losing its value every day. I was in the bank one day when a Russian expatriate came in with buddles of the ruble but the manager instructed the tellers not to accept it as deposit.

Russia has unexpectedly devised viable means of invading these sanctions and the ruble is currently one of the best-performing currencies against the dollar. However, I will not consider keeping my money in Fiat, it's just risky for me.

Only Spain banks are working good within EU? That's a huge claim you might want to explicate further. I'm not sure about its veracity.

Anyway, I don't know if others are also having this impression but it seems Dubai's growing popularity as a financial destination is built on sand. It could crumble easily, or so it seems to me. I can't compare Dubai with the likes of Singapore or even Hong Kong. Also, the Middle Eastern Region's peace and stability is something you might want to reconsider if you're looking long term.

As far as the Russian ruble is concerned, at least versus the USD, it has since recovered since its bottom in the middle of 2022, but its performance today is back to the same level a year ago. It's not doing good, in other words, at least within a year.

In today's world sticking to domestic stuff is best for everyone. So if you are not from UAE, it is not a good idea to rely on anything Dubai based. Same with fiat currencies even if it is your own local fiat.
That means investing in real estate, buying gold, investing in companies (stocks), etc.

There are a lot of conflicts going on and we are on the brink of things escalating suddenly. For example as we speak the Zionist terrorists are planning to invade Lebanon and if they do (they may not since this could be propaganda) that war has a high potential of growing rapidly and take place in the entire West Asia that includes UAE (housing US military bases that will definitely participate in that war and become legitimate targets).
And we all know how fragile such small artificial countries like UAE are in terms of economy. So for example if you are holding Dirham it may drop down to zero in a matter of days.

As I have lived for quite sometime in Dubai, you can already pay your debt by giving up yourself in prison. They will deduct certain amount from your debt everyday you are staying in prison. And the good thing is, some people are making it as a business. They will incur a lot of credit card debts and they will just let themselves to be put in jail. Some people that I knew of stayed about a month or longer in prison and afterwards, his debt-free. This is what I know about debt cases. And that was about 10 years ago that I've been there and that was the practice. I don't know if you are facing other serious criminal charges. And from what they described, their prison was not bad at all to stay. I believe their prison is nice and so these people don't have qualms to be there. Staying there and when you get out, your debt-free. That I can say is a treat and people for sure are abusing this system.

The problem in Dubai or any of the governorates of the United Arab Emirates is that it does not represent a large market despite the growing population. It can be considered an incubator for companies operating specifically in the services sector, but it is not suitable for other types of investments such as agriculture or industry. The service sector alone cannot build a strong economy, and therefore opening a company there carries a degree of risk that cannot be overlooked. On this same basis, Dubai or Abu Dhabi grants facilities to companies to invest in them, including emerging companies in the field of crypto, given that these companies provide their services on the Internet and target the global market and not just the local one.


These laws were enacted with the intention of deterrence, meaning that any person will think carefully before borrowing whether he is able to pay the debt or not. Those most affected by these laws are those who deal with late-paid checks.
This is a legal dilemma that many countries suffer from, and they are still unable to find an appropriate solution that guarantees the rights of the creditor and the chances of repayment for the borrowers.