As the tax burden rises for UK taxpayers and entrepreneurs, the appeal of Dubai is growing but setting up a business is not so straightforward. Pali Banwait, founder & CEO, Strive, explains what accountants need to know
Facing higher tax rates and growing uncertainty, many UK businesses and entrepreneurs are reevaluating their outlook and considering relocation. In contrast to unpredictable policy changes and burdensome regulations, Dubai presents a more business-friendly alternative, offering consistency, a strong focus on innovation, and international opportunities for its residents.
The numbers tell a clear story - the UAE is an increasingly attractive market to base a business. Over the past year alone, online searches for ‘UAE company formation’ have increased by 43%, while searches for ‘UAE residency’ have seen a staggering 271% rise since 2021.
But for business owners, knowing whether relocation is the right move, and how to navigate it, can be overwhelming. This is where an accountant’s insights can make all the difference. As trusted advisers and compliance experts, they are well placed to lead such a transition and ensure clients make confident, well-informed decisions.
