The ArabianMoney mission to Vancouver to address the Agora Financial Investment Symposium proved not to be wasted time and effort after all with the famous US contrarians showing a big interest in investing in the region in general, and Dubai and the UAE in particular.
This is a tough audience to crack. They understand basic investment principles very thoroughly and have the minds of hedge fund managers. But then many of these individuals dressed in super casual gear are the original wolves in sheep’s’s clothes and are often personally worth a hedge fund-sized personal endowment.
Tax free country
There was therefore a ripple of astonishment in the audience as ArabianMoney newsletter publisher and editor Peter Cooper told them of a land where there is no Inland Revenue Service and no income or capital gains tax.