Why Indian Business & Sports Icons are Moving to Dubai?
In recent years, Dubai has emerged as a favorite destination for Indian business leaders and sports stars, drawn by its unique blend of business-friendly policies, luxurious living, and exceptional security. With over 4,300 millionaires leaving India in 2024 alone, Dubai remains the top choice for those seeking a haven for their wealth, safety, and global opportunities.
One of the primary reasons behind this exodus is the UAE’s zero income tax policy. Unlike India, where high-income earners are subjected to a host of taxes, Dubai offers a tax-free environment, allowing individuals and businesses to retain their hard-earned wealth. This has made the city an attractive destination for entrepreneurs, executives, and investors looking to maximize their returns.
Another significant factor is the UAE’s Golden Visa program, which offers residency permits to individuals who meet certain criteria, such as having a high net worth, starting a business, or making significant investments in the country. The Golden Visa provides a range of benefits, including permanent residency, the ability to sponsor family members, and access to top-notch healthcare and education facilities.
The real estate boom in Dubai is another major draw for Indian business leaders and sports stars. The city’s property market has witnessed a significant surge in recent years, with luxurious apartments, villas, and penthouses being constructed at a rapid pace. This has created a wealth of opportunities for investors and homeowners, who can enjoy a high standard of living and excellent returns on their investment.
Security is also a major concern for Indian expats, and Dubai has consistently ranked high in terms of safety and security. The city has a low crime rate, and its stringent laws and efficient law enforcement agencies provide a sense of security and peace of mind for residents.
Dubai’s global connectivity is another significant factor that has contributed to its popularity among Indian business leaders and sports stars. The city’s state-of-the-art airports, seaports, and transportation infrastructure make it easy for residents to travel to and from India, as well as other parts of the world. This has enabled them to maintain strong business and personal connections with their homeland while enjoying the benefits of living in a cosmopolitan city like Dubai.
The Indian expat community in Dubai is also a significant draw for many. With over a million Indians living in the city, Dubai has a thriving Indian community that is well-established and well-connected. This has made it easy for newcomers to settle in and find their footing, with many Indians having established themselves as successful business leaders, entrepreneurs, and professionals in the city.
Some of the most prominent Indian business leaders and sports stars who have made Dubai their home include:
- Industrialist and entrepreneur, Ratan Tata, who has a significant stake in several Dubai-based businesses.
- Business magnate, Anand Mahindra, who has invested heavily in Dubai’s real estate market.
- Sports stars like Sachin Tendulkar, who has a business venture in Dubai, and Virat Kohli, who has invested in a luxury hotel and resort.
- Bollywood stars like Shah Rukh Khan, who has a significant stake in a Dubai-based entertainment company.
In conclusion, Dubai’s unique blend of business-friendly policies, luxurious living, and exceptional security has made it an attractive destination for Indian business leaders and sports stars. With its zero income tax policy, Golden Visa program, real estate boom, and global connectivity, Dubai offers a wealth of opportunities for those seeking to maximize their wealth, safety, and global opportunities.
Source:
https://ascendants.in/business-stories/why-indian-business-leaders-sports-stars-moving-to-dubai/
