processes many international investors are not comfortable with investing in indian companies they prefer to invest in companies based in jurisdictions wherein the enforcement process is relatively less time consuming even if the same may be slightly expensive said hemang parekh partner dsk legal moreover dubai has more favourable ip protection laws this is especially critical for businesses such as nfts and other tech businesses which are very ip sensitive added parekhdubai also offers flexibilityclarity in the laws for some of the new age businessactivities like crypto and nfts for example admg the free zone in abu dhabi has already issued comprehensive guidance and regulations for cryptocurrency activities in india on the other hand there is no clarity in crypto regulations while there is 30 percent tax on virtual digital assets and a 1 percent tds per transaction from july 1since november 2021 several web3 entrepreneurs have moved shop to dubai in fear of constant harassment by tax officials red tape and epidements like frozen bank accounts or blocking of upi payments for crypto exchangesease of doing businessdubai has a business friendly startup ecosystem offering myriad benefits from setting up 100 foreign ownership ease of doing business excellent infrastructure to low tax structures some lucrative incentives are also offered to attract foreign startups for example labour cost subsidies said anushkaa arora principal founder aba law officebetter lifestyle and safetythere are many reasons why wealthy individuals move to the uae an international business hub with a highincome economy and a reputation for being the safe oasis in the middle east and africa regionuae residents stand to benefit from among the worlds most competitive tax rates along with the likes of monaco and bermuda in terms of lifestyle the uae is a renowned luxury hub with top end apartments and villas and worldclass shopping malls and restaurants for those with children there are excellent international schools and many beaches with yachting water sports and other leisure activities said andrew amoils head of research at new world wealthindia is a major economy and a challenging market for business entrepreneurs are always on the lookout for tax friendly places in dubai singapore extensive network of tax treaties with multiple countries are helping companies to do international business said simon mason chief operating officer and chief revenue officer writer relocationsharassment by taxmenof the several tax experts venture capitalists and lawyers that we spoke to harassment by tax officials was cited as one of the primary reasons for tech founders to move base out of india when founders raise money from global pe funds they come under the taxmens lens in order to avoid unnecessary regulatory notices and the constant back and forth with tax officials several founders prefer to move overseas said another indian vc who now runs operations out of dubai and uk several startup founders are now also moving after cashing out by selling their startupsthe combined effect of a multitude of factors back home is responsible for driving indian entrepreneurs