Why Indian Business & Sports Icons are Moving to Dubai?
Dubai has long been a hub for international business, luxury living, and world-class amenities. In recent years, the city has become an attractive destination for Indian business leaders and sports stars alike. With zero income tax, a business-friendly environment, and unparalleled luxury living, it’s no wonder that many are making the move to Dubai.
According to a report by Hurun Research, over 4,300 millionaires left India in 2024, with Dubai emerging as the preferred haven for wealth, safety, and global opportunities. But what exactly is drawing Indian business leaders and sports stars to Dubai? Let’s take a closer look.
Zero Income Tax: A Major Draw
One of the primary reasons Indian business leaders are flocking to Dubai is the lack of income tax. In India, income tax rates can range from 10% to 37.5%, depending on the individual’s income level. In contrast, Dubai has no income tax, making it an attractive destination for entrepreneurs and business leaders.
This tax-free environment allows Indian business leaders to retain more of their hard-earned profits, which can be reinvested in their businesses or used to fund their personal lifestyles. For many, the ability to keep more of their earnings is a major draw.
Business-Friendly Policies
Dubai is also known for its business-friendly policies, which make it easy to set up and run a business. The city has a number of free zones, which offer a range of benefits, including 100% foreign ownership, zero taxes, and streamlined regulations.
Additionally, Dubai has a highly developed infrastructure, with state-of-the-art transportation systems, world-class hotels, and a variety of dining and entertainment options. This makes it an attractive destination for businesses looking to establish a presence in the region.
Luxury Living
Dubai is renowned for its luxury living, with a range of world-class amenities and services. From high-end shopping malls to five-star hotels, Dubai offers a lifestyle that is unmatched in many parts of the world.
Indian business leaders and sports stars are attracted to Dubai’s luxurious lifestyle, which offers a level of comfort and sophistication that is hard to find elsewhere. Whether it’s a penthouse apartment in a high-rise building or a villa in a gated community, Dubai has something to offer.
The UAE’s Golden Visa
Another major draw for Indian business leaders is the UAE’s Golden Visa program. This program offers a range of benefits, including a 10-year residence visa, freehold property ownership, and access to high-end healthcare services.
To be eligible for the Golden Visa, individuals must meet certain criteria, including having a minimum investment of AED 5 million (approximately INR 12 crore) in a business or real estate, or having a minimum annual income of AED 250,000 (approximately INR 60 lakh).
Real Estate Boom
Dubai’s real estate market has experienced a significant boom in recent years, driven by a combination of factors, including government investment, infrastructure development, and a growing population.
Indian business leaders and sports stars are attracted to Dubai’s real estate market, which offers a range of options, from affordable apartments to luxury villas. With a range of developments, including the iconic Burj Khalifa, Dubai is a city that is full of life and energy.
Security and Stability
Finally, Dubai’s reputation for security and stability is a major draw for Indian business leaders and sports stars. The city is a safe and secure environment, with low crime rates and a strong focus on community policing.
Additionally, Dubai is a stable country with a strong economy, which provides a sense of security for individuals looking to invest and live there. Whether it’s a business or a personal investment, Dubai offers a level of stability that is hard to find elsewhere.
Conclusion
In conclusion, Dubai’s zero income tax, business-friendly policies, luxury living, Golden Visa program, real estate boom, and security and stability make it an attractive destination for Indian business leaders and sports stars. With over 4,300 millionaires leaving India in 2024, Dubai remains the preferred haven for wealth, safety, and global opportunities.
Whether you’re an entrepreneur looking to expand your business or a sports star looking for a luxurious lifestyle, Dubai has something to offer. So why wait? Make the move to Dubai today and experience the city’s world-class amenities and services for yourself.
News Source: https://ascendants.in/business-stories/why-indian-business-leaders-sports-stars-moving-to-dubai/
