Why Millionaires Are Moving to Dubai And What You Should Know

More than 10000 millionaires moved to the UAE in the last two years - and a large number came from the UK. But why are so many high-net-worth individuals choosing Dubai over London, Monaco, or Switzerland?

It’s simple. Dubai gives you financial freedom, world-class living, global access, and a clean, pro-business system - all in one place.

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We’ve seen this shift firsthand. At COFTT, we’ve helped hundreds of millionaire entrepreneurs, investors, and family offices relocate to Dubai and set up their new base. If you're looking to protect your wealth, run your business tax-efficiently, or just live better - this article explains exactly why Dubai is becoming the top choice.

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1. No Personal Income Tax

Let’s start with the biggest reason: zero income tax.

Top earners in the UK pay up to 45% in tax. In Dubai, you keep 100% of your income. No personal income tax, no capital gains tax, and no inheritance tax. For millionaires, that’s not just a benefit - it’s a long-term wealth protection strategy.

2. Safe, Clean, and Family-Friendly

Dubai is one of the safest cities in the world. It has near-zero crime, strict law enforcement, and clean streets. You can walk around freely at any hour - something many Londoners say they miss.

That’s why many wealthy families choose to settle in gated communities like Emirates Hills, District One, and Palm Jumeirah. Security, privacy, and lifestyle - all in one place.

3. 100% Business Ownership and Global Freedom

Unlike the old rules, Dubai now allows 100% foreign ownership - even in many mainland activities. That means you can run your business fully, without needing a local partner.

Whether it’s a holding company, investment vehicle, or consultancy firm - you get full control and access to local and international markets. You can also open multi-currency accounts, own real estate, and grow your brand in the region.

4. Low Corporate Tax – Only If You Cross the Limit

Corporate tax in the UAE is only 9%, and only applies if your net profit exceeds AED 375,000 per year. Below that, it’s zero.

This gives you breathing room to reinvest, expand, and operate globally - without tax pressure. Dubai is now one of the most tax-efficient hubs for high-income businesses.

5. High ROI on Property Investments

Dubai’s property market has been outperforming major global cities. Investors are seeing 7–10% annual returns, especially in off-plan and short-term rental properties.

There’s no property tax, and registration costs are low. You can own property in your name or through your company - a structure many millionaires prefer for privacy and asset protection.

6. Long-Term Residency for Investors

Forget visa stress. Dubai now offers 2-year investor visas and 10-year Golden Visas for eligible investors, business owners, and property buyers. It’s stable, secure, and renewable.

You can also sponsor your family, domestic staff, or business partners under the same umbrella - making Dubai a permanent base with complete flexibility.

It’s very easy to become a UAE resident thanks to multiple clear and legal options. You can get residency by starting a company, investing in real estate, or applying for an investor visa. Even freelancers and remote workers now have special visa options.

The process is straightforward, with no complicated immigration hurdles - and if you want to become a UAE resident, we’ve explained the full process step by step in our detailed guide. At COFTT, we help you choose the best route based on your goals.

7. Easy Access to Global Markets

Located just 6–8 hours from the UK, Asia, and Africa, Dubai is a true global hub. You can manage businesses across continents, fly in and out easily, and network with international investors and clients without borders.

That’s why many of our UK clients use Dubai as their central headquarters - living here, managing global assets, and traveling on demand.

8. Pro-Business Ecosystem with Government Support

Dubai is built for business. Government processes are digital. Licensing is fast. Free Zones are designed to attract entrepreneurs. And there’s a clear push to bring more global talent into the region.

You won’t face red tape or outdated systems - just straightforward procedures and a government that encourages growth.

9. Ultra-Luxury Lifestyle Without the Pressure

You don’t need to explain your success in Dubai - it’s a city built by achievers. From supercars to beachfront villas, private schools to international hospitals, Dubai offers the kind of lifestyle most millionaires expect - without the UK’s social pressure or overregulation.

You get the freedom to enjoy what you’ve earned.

10. The Right Consultants Make All the Difference

This move isn’t just about lifestyle - it’s a legal and financial decision. And having the right structure from day one is everything.

That’s where COFTT comes in.

We help millionaires:

a. Set up mainland or Free Zone companies
b. Apply for investor or Golden Visas
c. Buy property under the right structure
d. Open business bank accounts
e. Plan family and asset relocation

Everything is handled professionally, with full privacy, compliance, and support.

Ready to Make the Move?

Dubai isn’t just a city - it’s a gateway to freedom, opportunity, and long-term success. If you’re a millionaire looking to relocate, start fresh, or grow your global base - COFTT is your trusted partner on the ground.

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We understand your goals, we protect your time, and we make it simple. Let’s build your future in Dubai - the right way. Contact COFTT today.