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Doing business in the UAE
While traditional locations such as New York, London and Hong Kong continue to play a key role as hubs of the global asset management industry, the UAE is emerging as a new and attractive option – providing asset managers with all the conditions to grow, as well as a comfortable quality of life, particularly in the aftermath of the pandemic.
The UAE ranked first in the Middle East and North Africa (MENA) for ease of doing business1, and first in the Arab world on the Global Innovation Index2. Geographically, it is centrally located between APAC and Europe – even overlapping with a small part of the US working day. Finally, it is home to a large pool of retail and institutional wealth investors. Private wealth in the country is estimated to total USD966 billion and the number of high-net-worth individuals is projected to grow by 40% by 20313.
HSBC’s Securities Financing Sales Team has created three go-to guides for people in the asset management industry considering living and working in the UAE, getting established in the Dubai International Financial Centre (DIFC), and also how to register for the Abu Dhabi Global Market (ADGM).