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
Blockchain
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Digital Payment Gateway Market
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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