Why Indian Business & Sports Icons are Moving to Dubai?
In recent years, Dubai has emerged as a top destination for Indian business leaders and sports stars, lured by its promise of zero income tax, luxurious living, and business-friendly policies. The United Arab Emirates (UAE) has been quietly building a reputation as a haven for wealth, safety, and global opportunities, making it an attractive option for those seeking a better life. With over 4,300 millionaires leaving India in 2024, Dubai remains the preferred destination for those looking to relocate.
One of the primary reasons Indian business leaders and sports stars are flocking to Dubai is the zero income tax policy. Unlike India, where high-income earners are subject to a range of taxes, including income tax, wealth tax, and inheritance tax, Dubai offers a tax-free environment. This means that individuals can retain more of their hard-earned money, allowing them to invest in their businesses, philanthropic endeavors, or simply enjoy a more comfortable lifestyle.
Luxury living is another significant draw for Indian business leaders and sports stars. Dubai offers a range of high-end residences, from sleek apartments in iconic towers to sprawling villas in gated communities. The city’s infrastructure and amenities are world-class, with top-notch healthcare facilities, international schools, and a vibrant social scene. For those who value convenience, Dubai’s opulent malls, restaurants, and entertainment options are a stone’s throw away.
However, it’s not just the luxurious lifestyle that’s attracting Indian business leaders and sports stars to Dubai. The UAE’s business-friendly policies are also a major draw. The country has implemented a range of initiatives to attract foreign investment, including the Golden Visa program, which grants residency to individuals who meet certain criteria, such as having a minimum annual income of AED 5 million (approximately USD 1.36 million).
The real estate boom in Dubai is another significant factor in the city’s attractiveness. With property prices rising steadily, investors are flocking to the city to capitalize on the growth potential. For Indian business leaders and sports stars, the opportunity to own a piece of prime real estate in a desirable location is a major draw.
Security is also a major concern for many Indian business leaders and sports stars, and Dubai offers a safe and secure environment. With low crime rates and a strong emphasis on law and order, the city provides a sense of peace and tranquility that’s hard to find in many other cities.
So, what’s driving the exodus of Indian business leaders and sports stars to Dubai? The answer lies in the numbers. According to a recent report, over 4,300 millionaires left India in 2024, with many opting for Dubai as their destination of choice. The city’s reputation as a top destination for wealth, safety, and global opportunities is well-deserved, and it’s no wonder that Indian business leaders and sports stars are flocking to its shores.
One such example is Bollywood superstar, Shah Rukh Khan, who has been a long-time resident of Dubai. The actor has spoken publicly about the city’s allure, citing its business-friendly policies, luxurious lifestyle, and excellent infrastructure as his reasons for staying. Other Indian business leaders and sports stars, including cricket legend Sachin Tendulkar and Bollywood actress Priyanka Chopra, have also made Dubai their home.
In conclusion, Dubai’s zero income tax policy, luxurious living, business-friendly policies, real estate boom, and security make it an attractive option for Indian business leaders and sports stars. With over 4,300 millionaires leaving India in 2024, Dubai remains the preferred destination for those seeking a better life. Whether you’re a business leader looking to expand your horizons or a sports star seeking a quieter life, Dubai has something to offer.
Source: https://ascendants.in/business-stories/why-indian-business-leaders-sports-stars-moving-to-dubai/
