Blockchain
UK Entrepreneurs Leading Exodus to Dubai, New Research by Business Consultancy Cavenwell Confirms
Dubai, United Arab Emirates–(Newsfile Corp. – February 8, 2023) – Entrepreneurs looking to start a new business or achieve growth targets in 2023 are increasingly looking to leave the UK as the cost of living pressure mounts, with huge numbers now setting their sights on the hyper-connected business hub of Dubai, according to new research by business consultancy, Cavenwell.
During the first half of 2022, just 20% of inquiries made to the UAE consultancy originated from UK entrepreneurs and SMEs. That figure has jumped to 45% in the last six months, as more and more leaders flock to the sunshine lifestyle and array of lucrative business opportunities Dubai has to offer.
The rising popularity of relocation for small business owners in the UK follows a larger trend of people wanting to move to areas like Dubai, which have created attractive work and play benefits for expats.
Dubai has positioned itself as a commerce, finance and tech hub offering favourable living conditions. Low crime rates, 0% taxation and a business environment that supports entrepreneurs are some of the main drivers for relocation.
Cavenwell provides a range of corporate services and business consultancy solutions and acts as an expert guide for those looking to make the move to Dubai. The company has previously focussed on entrepreneurs who are making a success out of digital business models such as online coaching, web development, marketing, consultants, trainers, and eCommerce – all sectors which continue to thrive in the UAE region.
For those who want to benefit from a bustling business scene and enjoy a much better quality of life, Cavenwell has positioned itself as the leading support system to help individuals relocate and realise their entrepreneurial goals.
Andrew Horbury, Cavenwell Group Managing Director, commented, “Dubai has historically attracted high-net-worth individuals but heavy investment in infrastructure and connectivity, and very favourable business and tax rules mean that’s all changing. We’ve seen a significant increase in the number of start-up founders, small business owners, and even freelancers who are looking to relocate and find more opportunities abroad over the last six months. The entrepreneurial environment in Dubai is extremely diverse, which is why we’re seeing so many people choose to relocate here from the UK in search of greater opportunities and more financial stability.”
For more information about Cavenwell, visit: http://www.cavenwell.ae/.
About
Cavenwell provides end-to-end managed corporate structuring, business consultancy and residency solutions for individuals who are looking to relocate throughout the United Arab Emirates.
With a modern and agile, digitally enabled offering, Cavenwell is able to provide a fresh approach to corporate services and make the process of moving to the UAE as smooth as possible.
Contact
Name: Rebecca Appleton
Email: [email protected]
Website: https://cavenwell.ae
Address: DMCC Business Centre, Dubai, United Arab Emirates
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153965
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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