Middle East Wealth Management Forum 2020 - Exclusive Insights - Laurence Black - 2

Laurence Black of Asiaciti Trust

Jan 31, 2020

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1. With economic substance tests and CRS, are mid-shore financial centres such as Singapore and Switzerland at a competitive disadvantage with the UAE?

Video transcript

1. With economic substance tests and CRS, are mid-shore financial centres such as Singapore and Switzerland at a competitive disadvantage with the UAE?

The UAE, from a substance perspective, is a very user-friendly, cost-effective centre for that. Compared to, I would say the mid shore, it's comparable now with places like Switzerland, Singapore, obviously even the UK. But from ease of doing business and establishing here and residency, possibly has a bit of an edge.

 

 
 
 
 

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