China-based innovation-focused global family office Tsangs Group has expanded its global footprint by opening a new office at Dubai International Financial Centre (DIFC), the global financial center and leading FinTech hub in the MEASA region.
According to the statement, the new office is registered as a Designated non-Financial Businesses and Professions (DNFBP). This is its first footprint as a Single Family Office in the Middle East region to invest and explore collaboration opportunities.
Tsangs Group believes that its internationalized standard and dynamic diversification will help it grow by providing new opportunities in new regions.
Patrick Tsang Chairman Tsangs Group
“Dubai is a dynamic place with more than 52,000 millionaires. This place has been doing excellent work during the COVID pandemic, especially the successful launch of Expo 2020 Dubai, which perfectly demonstrates the flexibility and reliability of the city. Tsangs Group shall be implementing the strategy of bridging East and West. 2021 marks the 50th anniversary of the foundation of the UAE which is perfect timing for us to contribute and create value for the next 50 years in Dubai, UAE and the GCC Region.”
Further, the idea of expansion aligns with the company’s tagline “Think Global. Be Local.” which signifies “we think global and act as a responsible global player but we run the team like a family with robust local on the ground knowledge.”
Headquartered in Hong Kong, Tsangs Group is an innovation-focused global family office that bridges East and West. The company intends to invest in global opportunities that will allow it to make a positive impact in Hong Kong, Asia, and beyond.
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