Legacy planning for NRI business owners

News, NRI

For Indian expats, the UAE is their home away from home. Each has an amazing story to tell — business opportunities brought some, while the allure of a quality lifestyle made others settle their roots here since the early 1970s and 1980s.

The strength of approximately 3.3 million NRIs in the UAE, 30 per cent of the population, is the highest concentration in any single foreign country. And through hard work, fortitude and immense support afforded by the hosts, Non-Resident Indians (NRIs) have prospered personally and professionally.

While historic trade ties have long existed between the two economies, the presence of a vibrant Indian community is helping propel cultural, trade and investment relations prominently. India is the UAE’s second largest trade partner and the UAE has become India’s third largest trading partner, with the total non-oil trade between the two at $35.9 billion in 2018.