Expo 2020 to drive more investments to the UAE

DUBAI: With the run up to Expo 2020, experts in the investment industry believe that Dubai’s long-term investments are set to increase, particularly from high-net-worth individuals (HNI) who consider UAE an ideal option to invest as compared to other countries. “HNIS consider the UAE as a preferred option for investment given the zero-income tax, better lifestyle, global connectivity and much more. In addition, the introduction of the long-term visa gives more confidence to investors to invest in the country, as it not only promises guaranteed results, but also drives stability,” said Varis Sayed, the CEO of Fincasa Capital, a global financial advisory firm offering Citizenship and Residency Investment Immigration Solutions.

To drive more investments to the country this year, Fincasa Capital has organised varied roadshow around the world inviting companies and investors to invest in Dubai. This month the company has events lined up in Los Angeles, Miami, Florida Lima, Peru and India. The company is also set to open more offices this year to double the size of its existing team.

“We are confident that Expo 2020 Dubai will bring new type of visitors interested in starting business and looking for investment opportunities. The roadshows are aimed at driving investments from not onlyestablishedbusinesses,butalsostartups,”added Sayed. The UAE is a perfect destination for startups to commence their business. The government not only provides them excellent infrastructure, but also offers great opportunities to launch their start up. It is reported that this year several startups from the USA, Canada and European Union will set up businesses in the UAE alongside Expo 2020, with investments worth 40 billion expected to be flow in the country.