DUBAI - AN EFFECTIVE DESTINATION FOR OFFSHORE BANKING

Analysing the implementation of new taxation policies and automatic exchange of information among other major global offshore jurisdiction centers as well as economies creating hike demand for UAE offshore companies. As per the market research there will a drastic trend go on in the offshore industry and choosing the offshore jurisdiction. Studies reveal that offshore company structures are emerging tremendously, embracing better regulation, more transparency and a higher degree of professionalism.

Offshore companies are playing a vital role in the global financial supply chain, comprises of asset management, international trade, wealth management etc. Developing economies, including Africa, Asia, Middle East and Latin are now a days tremendously using offshore entities for asset protection and wealth management in individual level

Survey studies found that the Middle East will be preferable offshore jurisdiction locations in coming future. UAE offshore jurisdictions ratings are recently increasing among other jurisdictions like Hong Kong, BVI, China, UK and Singapore. There is a hike utilization of a wide range of legitimate wealth protection strategies by the individuals & families in the Middle East and outstanding growth performance of UAE among the global financial and trade center is the key driving force to choose the investors, UAE as their preferable offshore location.

Increased regulatory and compliance standards like Foreign Account Tax Compliance Act (FATCA), Taxation Policies and Automatic Exchange of Financial Account Information among the nations have had a significant impact, with demand switching among offshore jurisdictions.

Think Business Think Dubai

   

Dubai - Located within the United Arab Emirates, Dubai is a not only a traveller’s paradise but also a growing business hub. Housing traveller’s delight like the Burj Khalifa, which is the tallest building in the world, Dubai continues to captivate travellers. This is also done with the objective to lure travellers so that Dubai can maintain the inflow of foreign cash into the economy. Travellers revel in the delightful shopping plazas and that is an attraction which fuels the economy of Dubai. In 2010, a survey found Dubai to be the 7most visited city in the world. Reason enough for you to start thinking about doing business in Dubai.

By 2015, it is expected that Dubai will accommodate about 15 million tourists. With such factors that contribute to the development of Dubai’s economy, doing business in Dubai is a safe and rewarding proposition. If you think that shopping, travel and tourism are the only factors that can draw investors to the idyllic city of Dubai, think again. Another credential that Dubai can be proud of is being chosen the host of 2020 World Expo. In 150 years since the inception of the World Expo, it is the first time that a Middle Eastern country has been chosen to play host.

Dubai bagged this opportunity to host the World Expo 2020 by ousting the bids from the likes of Turkey, Brazil, and Sao Paulo etc. The three rounds of voting by the delegates who belong to the 168-nation Bureau International des expositions in Paris, decided in favour of choosing Dubai as the next host. The authorities in Dubai have inkling that this could mean generating revenue of $ 23 billion between the years 2015 and 2021, and the cost of organizing this event will be close to $ 8.4 billion. Doing business in Dubai never saw a more opportune moment.