Abu Dhabi: A New Haven for Global Billionaires

Abu Dhabi Emerges as a New Haven for the World’s Wealthiest, according to Bloomberg.

Details: Affluent individuals worldwide are gradually shifting their assets from traditional “safe havens” like the Cayman Islands, Switzerland, and the British Virgin Islands to Abu Dhabi.

In 2016, the UAE capital had only 46 Special Purpose Vehicles (SPVs) used for asset securitization, now there are over 5,000. Among them, billionaires Ray Dalio, Binance founder Changpeng Zhao, Asia’s richest family, the Adanis, and Vladimir Lisin – who we’ve previously reported having an SPV in Abu Dhabi – have opened companies here.

The UAE offers asset protection, confidentiality, and low taxes to its residents. Additionally, investors have opportunities for long-term residency permits and, in some cases, UAE citizenship, the publication reports.

Unlike Switzerland and Caribbean nations, the UAE hasn’t joined sanctions imposed by the US, UK, and EU against countries like Russia, Bloomberg notes.

SPVs in Abu Dhabi are even opened by members of the royal families, including President’s brother and National Security Advisor, Tahnoun bin Zayed Al Nahyan.

Our team is always ready to provide high-quality advice and help in solving any tasks you set. Subscribe to our pages on social networks. If you have any questions, want to order services or consultations from us, then follow this link or write to us on WhatsApp/Viber/Telegram +380 98 363 6493 or call us.