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.

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.

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.


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.

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.

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.

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.