Enterprise Growth Partners

26/01/2024

Kevin O leary on becoming a citizen of the UAE,

“I think Abu Dhabi is going to become the capitol of capital in the next 10 years and I want to be part of it.”
This strategic move aligns with the region's rapid financial expansion, characterized by over 50 private equity funds exceeding $50 billion in cumulative value.

Beyond O'Leary, other notable figures are actively engaging in the UAE's economic ascent. Marc Andreessen, co-founder of the influential venture capital firm Andreessen Horowitz, has relocated to Dubai, underscoring the emirate's dynamism and entrepreneurial spirit. Similarly, Michael Dell's tech giant, Dell Technologies, has invested $1 billion in Mubadala, a sovereign wealth fund of Abu Dhabi, showcasing confidence in the region's technological potential.

Furthermore, Anthony Scaramucci, a veteran of Wall Street, has established SkyBridge Capital in Dubai, aiming to connect global investors with the burgeoning Middle Eastern market.

I think Abu Dhabi is going to become the capitol of capital in the next 10 years and I want to be part of it. | 88 comments on LinkedIn

25/01/2024

24/01/2024

BILLIONAIRE RAY DALIO SHARES WHY HE IS EXPANDING TO THE UAE

After a long standing 30-year relationship between Ray Dalio and The UAE, The Dalio Family Office buys a seafront mansion in Abu Dhabi as an official move to the UAE.

“I have had more than 30 years of meaningful work and meaningful relationships with the people and leadership in Abu Dhabi which has led me to like and admire them greatly.”

As his reasons for the move, Dalio says:

“The UAE is a renaissance state. What I mean is, I look for fundamentally, do you earn more than you spend?

Do you have a good income statement?

Do you have a good balance sheet?

Are your assets greater than your liabilities?”

Do you have a culture in which there’s the development of people and the working together of those people to be productive?

Are you outside of a great power conflict?

Are you in the middle of the war?

Or are you outside the war?

And so I look around the world as to the places I want to invest in, the places I want to be. And this region is very, very attractive and is at the takeoff point.”

20/01/2024

"The Emirates aren't just investing in tomorrow, they're inventing it. It's like your wildest sci-fi dreams are getting built right before your eyes."`

Marc Benioff, CEO of SalesForce

The Emirates are not resting on their laurels. They are actively shaping their future through ambitious infrastructure projects, technological advancements, and a commitment to sustainability. This forward-thinking vision resonates with HNWIs seeking not just a haven for their wealth, but a springboard for future endeavors.

19/01/2024

https://www.difc.ae/whats-on/news/multiple-new-hedge-funds-establish-in-difc

Dubai, UAE; 28 November 2023: Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today confirmed that unprecedented numbers of hedge funds continue to set up in the Centre, boosting Dubai’s reputation as the regio...

18/01/2024

Saadiyat Island is one of the most exclusive addresses in Abu Dhabi, with its one-of-a-kind diverse property portfolio and pristine beaches. The upscale neighborhood is home to expats who are either renting property or living in one they have invested in. Villa prices on Saadiyat Island can range from $10 million to $50 million, while penthouses in luxury developments average around $5 million.

16/01/2024

As Mukesh Ambani, renowned Indian billionaire, puts it, "The UAE is more than just a business hub; it's a sanctuary for family and fortune. My children can roam free, my assets are secure, and the future feels bright under the Emirati sun."

The Emirates prioritize a zero crime rate, absence of politics, world class banking, and a robust legal system. This secure environment allows families to thrive with peace of mind.

15/01/2024

Many people thought they were financially independent until the 2008 crash resulted in 358 banks shutting down and freezing all bank accounts. Whether you had millions in your bank account or a few thousand, it didn’t matter.

Financial independence is an illusion until your wealth isn’t fully protected in a place away from political and economic turbulence.

15/01/2024

The world's wealth is on the move.

With the US experiencing an 81% decline in high-net-worth-individuals population since 2019 and Switzerland down 55% from its peak, the UAE gained 78% and welcomed 5200 HNWIs in 2023 alone.

This trend underscores a key point: The UAE is slowly becoming the place where the affluent want to be. Where they can protect their wealth from economic and political influences and raise their families in a city where safety is the last concern.

11/12/2023

𝗪𝗲 𝗦𝘂𝗿𝘃𝗲𝘆𝗲𝗱 𝟯𝟱 𝗛𝗶𝗴𝗵 𝗡𝗲𝘁-𝗪𝗼𝗿𝘁𝗵 𝗜𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹𝘀 𝗮𝗻𝗱 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗢𝘄𝗻𝗲𝗿𝘀 𝗔𝗯𝗼𝘂𝘁 𝗧𝗵𝗲 𝗥𝗲𝗮𝘀𝗼𝗻𝘀 𝗧𝗵𝗲𝘆 𝗗𝗲𝗰𝗶𝗱𝗲𝗱 𝗧𝗼 𝗘𝘀𝘁𝗮𝗯𝗹𝗶𝘀𝗵 𝗢𝗳𝗳𝘀𝗵𝗼𝗿𝗲 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗘𝗻𝘁𝗶𝘁𝗶𝗲𝘀 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗕𝗮𝗻𝗸 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝘀.

𝗛𝗲𝗿𝗲'𝘀 𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗧𝗼𝗹𝗱 𝗨𝘀:

1. POLITICAL DIVERSIFICATION

Most people are diversified in asset classes but are blind to geographic wealth diversification.

There are countless examples of wealthy business owners losing everything when the 2008 economic crisis hit.

If they had some of their assets offshore, the blow would’ve been softer.

And we all know that history has a way of repeating itself.

2. ASSET PROTECTION

What if your government goes broke?

Hard to believe? It has happened rather recently: Cyprus, Ireland, Poland, Lebanon.

When you bank in your home country, any bureaucrat can freeze your accounts without any proof or criminal charges at all.

Money abroad is much more protected and impossible for them to get to.

And the United States is a ticking time bomb, really. Earning the debt championship by racking up $127 trillion dollars in national debt and unfunded liabilities.

3. HIGHER INTEREST RATES

Most people are used to the measly 1.5% interest rate at your home bank.

Broadening your worldview unlocks foreign banks that will pay you 10 times more for your money.

I use banks that offer up to 18% APY.

4. CURRENCY DIVERSIFICATION

With the world’s largest economies like China, Russia, Middle East, and India undergoing de-dollarization, and ditching the USD for conducting trade, the American financial system is a disaster waiting to happen.

And the ones ignorantly storing all their net worth in USD are going to suffer the most.

There are foreign banks that offer multi-currency accounts where you can store up to 15 different currencies.

Your portfolio’s asset diversification won’t matter if it is all hedged against a singular currency.

5. BANK WITH MORE SECURITY

The great recession of 2009 is still fresh in our minds.

372 banks failed within one year. The United States, UK, Germany, Australia, Andorra, and Panama – each of them had banks that were affected.

Here’s the scary truth: the FDIC in the United States has less than one percent of deposits in its reserves. If every US bank failed at once, you would only see $1 for roughly every $300 you deposited.

Foreign banks don’t take those kinds of risks.

6. TAX OPTIMISATION BECOMES ATTAINABLE

Wealth diversification by leveraging foreign bank accounts connected to offshore entities unlock advantageous and legally compliant tax benefits.

A lot of countries impose up to 50% in tax rates making it a steep uphill battle for those who are seeking to create real wealth.

But gaining awareness and looking beyond your current geographical worldview, opens up multiple easier pathways that enable wealth creation and protection.

-

Hope this helps you guys with your wealth planning to some extent.