Despite the conflict in the region and its impact on investments, Swiss entrepreneurs based in Dubai are determined not to leave the Emirati city that has become their home. They also reject criticism regarding the tax benefits they enjoy. Dubai is a city of glitz and tax breaks for some and a land of endless professional opportunities and multicultural living for others. Whatever the reason, many Swiss citizens call it home; they number some 3,800 across the United Arab Emirates (UAE), according to the latest figures from the Federal Statistical Office. The war launched in late February by the United States and Israel against Iran has embroiled other countries of the Gulf region. Suddenly, drones and missiles began flying over the skyscrapers of Dubai, the country’s second-largest economic hub after the capital, Abu Dhabi. For Swiss entrepreneurs and investors operating in the Emirati market, the conflict is clearly having a negative impact. Drop in investments “There is still ...
