I have an option opening up for some franchise business in UAE. Can we use pension funds for that? Is there a way to set it up?
It may be possible to use 401(k) business funding to set up a business in the UAE, but this would require that the UAE business be a subsidiary of a US company. You may also be required to be an employee of the new business and open up investment to any employees of your business.
For more information on using retirement assets to fund a new business, we would recommend contacting Guidant. Guidant is our recommended Rollover for Business Startups provider and can answer any detailed questions about how to go about using retirement assets to set up a new business.
Hope this helps.
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