UAE in General and Dubai in Particular

UAE in general and Dubai in particular, has become a place more and more people consider as a potential place to relocate. Over the past years, UAE has increasingly emerged as a popular jurisdiction for relocation of High Net Worth Individuals (HNWIs), and a strong alternative to traditional jurisdictions including UK, Switzerland and Monaco. With no taxes on individuals, straightforward administrative procedures and low processing costs, political stability, excellent accessibility, good health care, sound education system and sunny weather throughout the year, the UAE alternative is very attractive. Further, its position at the heart of the Middle East, its airline hub - one of the biggest and best - and its excellent infrastructure render UAE a very attractive option. UAE’s position has aslo been reinforced by the “Arab Spring”, the ongoing tax back lash in other relocation hubs,for example, amended UK tax regimes pertaining to non-doms, signs of erosion of the lump-sum tax system in Switzerland and the decline of the PR (Permanent Resident) regime in Singapore as well as plans from various countries to “tighten the screw” on Europe’s tax heavens.

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