business
Dubai set for crypto firm influx as MiCA deadline pushes companies to reassess Europe
Key takeaways
- Irina Heaver, a lawyer at NeosLegal in Dubai, said inquiries from European founders have surged as companies weigh the cost, timing and uncertainty of securing authorization in the bloc.
- "The inquiries from European founders skyrocketed," Heaver said.
- Heaver said her firm now receives more than 120 inquiries a week from companies and founders interested in setting up in the UAE.
Irina Heaver, a lawyer at NeosLegal in Dubai, said inquiries from European founders have surged as companies weigh the cost, timing and uncertainty of securing authorization in the bloc.
"The inquiries from European founders skyrocketed," Heaver said. "They're looking to move themselves and their wealth and their ideas and their intellectual potential to a country that welcomes them."
Heaver said her firm now receives more than 120 inquiries a week from companies and founders interested in setting up in the UAE. Around half come from Europe, including Spain, Italy, Germany, as well as Switzerland and the U.K, which are outside MiCA's scope.
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