Did you know that over 10,000 UK millionaires left the country just in 2024? And many of them decided to make Dubai their new home.

This comes as no surprise, as Dubai is one of the most attractive places in the world for entrepreneurs right now. It offers safety, a strong business environment, and a global location connecting three powerhouse continents. What’s more, the lifestyle in Dubai is one-of-a-kind. Residents can experience the height of luxury, unique sporting activities, rich cultural heritage, and innovation like nowhere else in the world.

Today, we’re taking a look at why so many UK millionaires and successful entrepreneurs choose to move to Dubai to continue growing their companies.

Why Do UK Millionaires Choose Dubai?

1. The allure of a tax-free income

It’s true, Dubai is famous for having 0% corporate income tax and 0% capital gains tax. For entrepreneurs who want to keep more of their profit, this is a clear reason to start a business in Dubai. 

Many people have grown tired of paying hefty taxes to their governments with nothing in return. Or have struggled to turn a profit due to increasing tax burdens. A 0% income tax is alluring to many. Not only does it mean more money in your pocket each month, but it also makes it easier to hire and pay employees.

2. The city is a global hub for innovation

Dubai consistently ranks among the top countries worldwide for best places to launch a business. We believe that this is for good reason. With highly advanced infrastructure, modern facilities everywhere you go, and clear-cut regulations for business operations, it provides the ideal environment for growth and success. 

Many UK entrepreneurs in Dubai are surprised at how quickly official matters are dealt with, and how speedy response times are from anyone, whether that’s a banking official or a local dental clinic. It’s no surprise that some of the world's best and brightest business owners choose to relocate their companies to the UAE. 

3. Dubai offers a unique lifestyle and high safety standards

Dubai has been voted the world’s cleanest city for many years in a row. Crime rates are very low, as even petty crimes receive harsh penalties. People in Dubai are respectful, and that shows on the environment too.

Dubai offers luxury housing (for both renting and purchasing), top international schools, and world-class healthcare. For many UK entrepreneurs in Dubai, the move is not only about business but also about providing a better lifestyle for their families. International children can choose between a number of British, American, and International curricula, and even universities offer programs for foreign students.

4. Access to unparalleled business support

Free zones in Dubai offer 100% foreign ownership, full profit repatriation, and often 0% tax. This makes starting and running a company simple and very profitable. Free zones are arguably one of the most unique and attractive features of the UAE business world.

Whether you are a startup founder, experienced entrepreneur, or even an investor, Dubai holds a multitude of business opportunities and possibilities for growth. Aside from the usual startups, there is an increasing demand for unique businesses in fields like elderly healthcare or aerospace engineering. Check out some of the most in-demand fields in Dubai right now.

5. Strategic location connecting three continents

Dubai connects Asia, Europe, and Africa. Three powerhouse continents that offer just about any business opportunity you can think of. This strategic position makes it easier for companies in Dubai to land international clients, work with overseas suppliers, and build international partners. 

Many of the top UK entrepreneurs in Dubai simply use the city as a base to expand globally. From there, they supply goods and services to people in Taiwan, Kenya, Switzerland, Australia, and just about anywhere else in the world.

Putting the pieces together

After considering these 5 aspects (and knowing that hundreds more didn’t make it into the post), it’s clear why millionaires from the UK and other countries choose to start or move their businesses to Dubai. 

The city is more than just a financial hub or luxury destination. It is a place where business growth meets a high-quality lifestyle, not just for owners, but for their families too. From luxury real estate to top international schools, to world-class medical centers, Dubai offers so much more than just business-friendly regulations. It has become a magnet for global talent and capital. 

Are you an entrepreneur looking to take your business international? Consider setting up in Dubai, and you’ll soon experience these positive aspects for yourself.

Ready to start a business in Dubai?

At Credibility Corporate Group, we help owners and entrepreneurs from around the world to set up their companies in Dubai. No matter the industry you’re in, we provide comprehensive services from company setup to successful operations and beyond.

Take advantage of the world-class benefits that Dubai offers. Contact us today, and let’s work on building your future in Dubai together.