Move Your Funds Out of Dubai While You Still Can

Are you still keeping your funds in Dubai? Consider moving them to a safer jurisdiction before it is too late!

Did you know that Dubai has introduced penalties for spreading panic or filming bombings – up to one year in prison and approximately EUR 23,000 in fines? There have also been videos suggesting that influencers are encouraged to publish only positive news, otherwise they risk deportation.

The entire Middle East is currently experiencing a major transformation of its political and financial systems. A region that until recently enjoyed a period of prosperity has rapidly entered a zone of geopolitical tension and conflict. Stability may remain disrupted for decades, and it is only a matter of time before investors who rushed to place their funds in Dubai realize this reality and before the market itself reflects a significant outflow of capital. South Asian investors, who are generally more cautious than many others, have already begun withdrawing their funds to safer financial centers such as Hong Kong and Singapore. The Dubai stock exchange has been operating intermittently, raising questions about whether it fully reflects the real situation on the ground. In jurisdictions with weaker institutions and strong centralized authority, restrictions do not always need to be formal or administrative – they can also be implemented unofficially.

This situation may be particularly challenging for clients from Russia. Due to sanctions imposed by Western countries, they cannot simply move their funds to any jurisdiction and open accounts there.

We have prepared several possible solutions for your current situation:

1. Urgent analysis of your banking position – including the location of accounts, currencies held, and securities portfolios in conflict-affected jurisdictions, in order to determine the most efficient and fastest way to transfer assets.

2. Real estate portfolio analysis – including the possibility of financing or borrowing against existing property assets while preparing for their eventual sale and transferring the proceeds.

3. Tax, CRS, and sanctions compliance analysis related to the transfer of funds and securities to other jurisdictions.

4. Jurisdiction selection based on the analysis – Switzerland, Andorra, Serbia, Georgia, or a combination of several jurisdictions.

5. Rapid implementation plan, which may include relocation, company formation, opening personal and corporate bank accounts, as well as brokerage accounts.

Why we are qualified to offer solutions – and what differentiates us from others

Our team has extensive experience in managing crisis situations, including sanctions, financial restrictions, and blocked international operations – experience dating back to the 1990s. Our partners have direct professional experience in the banking sectors of Switzerland, Andorra, Russia, and Monaco, as well as experience working with the World Bank and managing international operations in the oil sector in the United States, Russia, and the Netherlands. We have also managed business conglomerates operating in more than 150 countries worldwide.

Who will consult you from our side:

• An attorney/lawyer with international experience

• An accountant and tax adviser familiar with local regulations and double taxation treaties

• Consultants with international banking experience

• If necessary, specialists from other countries involved in transactions

It is time to prepare Plan C – before it becomes too late. Contact us.