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.
Topic: Europe not good for business now Dubai safe heaven - page 2. (Read 255 times)
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.
I always thought Dubai was just a country for money laundering but after more findings I noticed they're open to all kind of business that meets to their religion standards. It's quite a nice country for business to make alot of money because of the high inflow of foreigners (tourist) visiting the country. Dubai is open to startup, small businesses but you shouldn't based all your business there since they're very religious and can turn on you at anytime. They do have less strict regulation that makes businesses to strive over there but let all that glitters not fool you.
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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.
I find this very disturbing, how do they expect you to pay your debts when you're in prison or are they trying to make you useless so you won't be able to clear your debts and will have to owe them forever. Are they expecting you to get into more debts by borrowing just to pay them and when you get out you begin to struggle since you are in debt.
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.
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.
I always thought Dubai was just a country for money laundering but after more findings I noticed they're open to all kind of business that meets to their religion standards. It's quite a nice country for business to make alot of money because of the high inflow of foreigners (tourist) visiting the country. Dubai is open to startup, small businesses but you shouldn't based all your business there since they're very religious and can turn on you at anytime. They do have less strict regulation that makes businesses to strive over there but let all that glitters not fool you.
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.
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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.
I find this very disturbing, how do they expect you to pay your debts when you're in prison or are they trying to make you useless so you won't be able to clear your debts and will have to owe them forever. Are they expecting you to get into more debts by borrowing just to pay them and when you get out you begin to struggle since you are in debt.
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.
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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.
I always thought Dubai was just a country for money laundering but after more findings I noticed they're open to all kind of business that meets to their religion standards. It's quite a nice country for business to make alot of money because of the high inflow of foreigners (tourist) visiting the country. Dubai is open to startup, small businesses but you shouldn't based all your business there since they're very religious and can turn on you at anytime. They do have less strict regulation that makes businesses to strive over there but let all that glitters not fool you.
Quote
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.
I find this very disturbing, how do they expect you to pay your debts when you're in prison or are they trying to make you useless so you won't be able to clear your debts and will have to owe them forever. Are they expecting you to get into more debts by borrowing just to pay them and when you get out you begin to struggle since you are in debt.
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.
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. 
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.
Having lived in Dubai for a while, I can definitely say it's a hotspot for finance and especially attractive for sectors like cryptocurrency. The city’s regulatory environment is quite welcoming, and you'll find a lot of flexibility in handling financial transactions compared to many Western countries. It’s not just about fewer questions asked, but also about the broader range of options available for investors.
I’d recommend keeping a balanced portfolio. The economic landscape can shift, and it's wise to diversify.
And after wrapping up a day of business, Dubai’s nightlife is not to be missed, especially in the DIFC area. The bars there are top-notch and offer a fantastic way to unwind. You can find some great recommendations and reviews on the bars and the overall scene over at https://dubai-things.com/difc-bars/.
I’d recommend keeping a balanced portfolio. The economic landscape can shift, and it's wise to diversify.
And after wrapping up a day of business, Dubai’s nightlife is not to be missed, especially in the DIFC area. The bars there are top-notch and offer a fantastic way to unwind. You can find some great recommendations and reviews on the bars and the overall scene over at https://dubai-things.com/difc-bars/.
If you deal with crypto or anu other money deals EU not good place.
Best place is Dubai becouse no silly questions asked and a lot otc options.
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.
The best places locations for money deals are Dubai and off course UK
What i see Even when Western countries hike rates the currencies falling against Dubai Dirham...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
Dubai Dirham now it's like bitcoin year 2009 it Will go up a lot ... The russian ruble Are good Also becouse non Western countries buying oil from russia and russia currency have some decent value.
Best place is Dubai becouse no silly questions asked and a lot otc options.
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.
The best places locations for money deals are Dubai and off course UK
What i see Even when Western countries hike rates the currencies falling against Dubai Dirham...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
Dubai Dirham now it's like bitcoin year 2009 it Will go up a lot ... The russian ruble Are good Also becouse non Western countries buying oil from russia and russia currency have some decent value.
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