Reverse Migration to the UAE
The UAE is witnessing a growing trend of former residents returning from countries like Canada and the US, according to industry experts Khaleej Times, UAE residents who migrated to Canada, US now moving back to Dubai. This “reverse migration” is attributed to factors like high taxes, rising cost of living, and fewer opportunities in the expats’ adopted countries.
Property developers in Dubai are seeing a rise in investments from these returning residents, many of whom are now Canadian and US citizens. They’re choosing to buy homes in the emirate to escape the financial burdens and potentially limited opportunities they faced elsewhere. This trend highlights the growing appeal of the UAE for those seeking a tax-friendly, business-oriented environment with a pleasant climate.
Thinking of returning to the UAE and setting up a business?
GITPAC Consultancy Services (GCS) can help you navigate the process of company formation in the UAE. Our team of experienced professionals can guide you through every step, from choosing the right business structure to obtaining necessary licenses and permits. We can also assist with visa applications for you and your employees.
The trend of former UAE expats returning from countries like Canada and the US due to factors like high taxes, rising cost of living, and limited opportunities abroad is indeed notable. It reflects a shift in priorities and a recognition of the advantages that the UAE offers, including its tax-friendly environment and pleasant climate.
For those considering returning to the UAE and setting up a business, GITPAC Consultancy Services (GCS) can be a valuable resource. Our expertise in company formation and assistance with navigating the administrative processes can streamline the transition and help individuals focus on building your businesses.
From choosing the right business structure to obtaining necessary licenses and permits, GCS can provide comprehensive support throughout the setup process. By partnering with GCS, returning expats can benefit from a smooth reintegration into the UAE business landscape, allowing them to capitalize on the opportunities available in the region.
With GCS, you can focus on building your business while we handle the administrative burden. Contact us today to learn more about our company setup services and how we can help you make a successful return to the UAE.