Why Indian Business & Sports Icons are Moving to Dubai?
In recent years, Dubai has emerged as a magnet for Indian business leaders and sports stars. The city’s unique blend of business-friendly policies, luxury living, and zero income tax has made it an attractive destination for those seeking a better quality of life and opportunities for growth. With over 4,300 millionaires leaving India in 2024 alone, Dubai remains the preferred haven for wealth, safety, and global opportunities.
Indian business leaders have long been drawn to Dubai’s entrepreneurial spirit and ease of doing business. The city’s strategic location, state-of-the-art infrastructure, and access to a vast consumer market have made it an ideal hub for trade and commerce. Many Indian business magnates have set up shop in Dubai, taking advantage of the city’s tax-free environment and streamlined regulatory processes.
One of the primary reasons for Indian business leaders to relocate to Dubai is the zero income tax. In India, income tax rates range from 5% to 37.5%, which can be a significant burden on entrepreneurs and professionals. Dubai, on the other hand, offers a tax-free environment, making it an attractive destination for those looking to minimize their tax liabilities. This, combined with the city’s business-friendly policies, has made it an ideal location for entrepreneurs and startups.
Another key factor is the luxury living experience that Dubai offers. The city is renowned for its world-class amenities, including top-notch hotels, restaurants, and shopping centers. The Burj Khalifa, the world’s tallest building, is a testament to Dubai’s commitment to luxury and opulence. Indian business leaders and sports stars are drawn to this lifestyle, which offers a level of comfort and sophistication that is hard to find in India.
Dubai’s real estate boom is also a major drawcard for Indian business leaders. The city’s property market has seen significant growth in recent years, with high-end apartments and villas in popular areas like Dubai Marina, Downtown Dubai, and Palm Jumeirah. The UAE’s Golden Visa program, which offers long-term residency to foreign nationals, has also made it easier for Indian business leaders to purchase property in the city.
Sports stars are also flocking to Dubai, drawn by the city’s state-of-the-art sports facilities and competitive salaries. Many Indian cricketers, in particular, have made Dubai their home, taking advantage of the city’s world-class cricket stadiums and training facilities. The Indian Premier League (IPL) has also seen a significant presence of Dubai-based teams, with many players and coaches calling the city home.
The UAE’s Golden Visa program has also played a significant role in attracting Indian business leaders and sports stars to Dubai. The program offers long-term residency to foreign nationals who meet certain criteria, including a minimum salary of AED 15,000 (approximately INR 3.3 lakhs) per month. This makes it easier for Indian business leaders to relocate to Dubai and start a new life.
Security is also a major concern for many Indian business leaders and sports stars. Dubai is known for its low crime rate and strict law enforcement, making it a safe and secure environment for those looking to relocate. The city’s modern infrastructure and state-of-the-art security systems also provide a sense of comfort and peace of mind.
In conclusion, Dubai’s unique blend of business-friendly policies, luxury living, and zero income tax has made it an attractive destination for Indian business leaders and sports stars. With over 4,300 millionaires leaving India in 2024 alone, Dubai remains the preferred haven for wealth, safety, and global opportunities. Whether you’re an entrepreneur looking to start a new business or a sports star seeking to take your career to the next level, Dubai is the ideal destination for those looking to make their mark in the world.
News Source:
https://ascendants.in/business-stories/why-indian-business-leaders-sports-stars-moving-to-dubai/
