6JUNE 2024Editor's NoteJeff RodriguezManaging Editoreditor@financialservicesreview.comOptimizing Wealth Management in the Middle East's New Tax LandscapeRecent tax changes in the Middle East, including the introduction of VAT in Saudi Arabia and the UAE, have reshaped wealth management opportunities and investment strategies. Corporate taxes on business profits in the UAE have also impacted high-net-worth individuals and business owners. Diversifying investments across different jurisdictions, utilizing tax treaties, implementing estate planning strategies, and ensuring compliance with Sharia law to optimize tax efficiency is essential. Employing tax-efficient investments, leveraging tax credits and incentives, and establishing holding companies in tax-friendly jurisdictions are also beneficial strategies.Adapting to regulatory changes requires staying informed about local and international tax regulations, integrating digital solutions for tax planning and wealth management, and maintaining robust cybersecurity measures to protect sensitive financial information. Understanding new tax regulations and implementing effective tax optimization strategies are crucial for individuals and businesses in the Middle East.In this edition on Wealth Management Middle East 2024, we feature the companies Ethra Invest and Probus Pleion and delve into how these services providers foster financial literacy, empowering individuals and businesses to make informed decisions, plan for the future, and secure their economic well-being. The magazine highlights valuable perceptions from Minolee Fernando, Finance Director - MENA Region, Colliers, and Chad A. Schmookler, Senior Director, International Operations, InComm. As the region undergoes economic and social transformations, wealth management providers are poised to play a crucial role in shaping the financial landscape. Their expertise will be instrumental in unlocking opportunities and safeguarding prosperity for future generations.We hope these valuable insights from industry leaders featured in this edition will assist you in making informed decisions for your businesses.Let us know your thoughts.Copyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Managing EditorJeff RodriguezEditorial StaffAaron Pierce Ava Garcia Peter WilliamsAshik JainJoshua ParkerTrent AdamsVisualizerDisclaimer : * Some of the Insights are based on our interviews with CIOs and CXOsEmail:sales@financialservicesreview.comeditor@financialservicesreview.commarketing@financialservicesreview.com JUNE - 03 - 2024, Vol 05 - 12 (ISSN 2835-9771)Published by ValleyMedia, Inc. To subscribe to Financial Services ReviewVisit www.financialservicesreview.com Celestial Jordan
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