Why the UAE Is a Magnet for UK High-Net-Worth Individuals
In recent years, an increasing number of UK millionaires, entrepreneurs and family business owners have made the decision to relocate to the United Arab Emirates (UAE) with Dubai and Abu Dhabi topping the list of preferred destinations. Several powerful factors are driving this trend, from tax incentives to lifestyle benefits and global business opportunities.
1. Keep More of Your Wealth with Attractive Tax Benefits
One of the most talked-about reasons affluent Britons are choosing the UAE is its highly favourable tax environment. Unlike the UK, where top-earning individuals can face income tax rates up to 45% plus National Insurance, the UAE imposes zero personal income tax, no capital gains tax, and no inheritance tax meaning you get to retain much more of what you earn.
Even corporate taxes can be exceptionally low: while a 9% federal corporate tax applies to profits above AED 375,000 (about £80,000), many companies established in free zones qualify for 0% corporate tax on qualifying income.
2. Strategic Location and Global Connectivity
The UAE is perfectly positioned as a business hub between East and West. Within an eight-hour flight, companies can access two-thirds of the world’s population, making it ideal for international trade, investments, and market expansion. Advanced logistics infrastructure from ports like Jebel Ali to global air connectivity supports fast, agile business operations.
3. Lifestyle, Safety and World-Class Facilities
For millionaires and families, the UAE offers more than just financial advantages. It boasts:
- A safe, cosmopolitan environment with low crime rates.
- Luxury living standards with modern healthcare, private education and premium amenities.
- A multicultural community where English is widely spoken.
- These lifestyle qualities make the UAE particularly appealing to British families looking for a secure and dynamic place to live and grow their business.
How to Relocate Yourself to the UAE
If you’re considering the move from the UK, here’s a practical step-by-step guide to relocating yourself:
1. Understand Visa and Residency Options
British citizens can initially enter the UAE visa-free for up to 30 days, but to establish long-term residency you’ll need a residence visa. Common routes include:
✅ Investor Visa Linked to starting or owning a business.
✅ Employment Visa Sponsored by an employer in the UAE.
✅ Golden Visa A long-term residency (5–10 years) for investors, entrepreneurs and specialised professionals.
✅ Remote Worker / Digital Nomad Visa For those working for employers abroad.
Once approved, you’ll also receive an Emirates ID, which is needed for essential services such as opening bank accounts and signing lease agreements.
2. Plan Your Finances and Tax Residency
While the UAE offers significant tax advantages, properly establishing non-UK tax residency is crucial if your goal is to minimise UK tax liabilities. This often involves spending fewer than 183 days in the UK and cutting key personal and economic ties so that your centre of life is genuinely in the UAE. Professional tax and legal advice are essential for compliance and peace of mind.
3. Prepare for the Move
Before you relocate:
- Arrange international health insurance (the UAE does not have a reciprocal agreement with the UK).
- Research housing options based on budget and lifestyle.
- Transfer funds and close or restructure UK accounts if necessary.
- Understand local labour laws and cultural norms.
How to Move Your Business to the UAE
Relocating your business can unlock new opportunities, and many UK entrepreneurs are exploring these highly competitive advantages:
1. Choose the Right Business Structure
Most foreign business owners select either:
- Free Zone Company 100% foreign ownership, full repatriation of profits, and simplified setup.
- Mainland Company Greater access to the domestic UAE market but often with slightly different licensing requirements.
Companies in many UAE free zones can be incorporated in just a few days with a streamlined online process.
2. Understand Costs and Setup
Typical business setup costs include:
| Setup Item | Estimated Cost (£) |
| Free Zone License | £2,500–£5,300 |
| Residency Visa | £640–£1,070 per person |
| Office/Workspace (optional) | £2,130–£10,650 |
| Relocation & Shipping | £3,200–£6,400 |
3. Open Banking and Financial Accounts
Opening a corporate bank account in the UAE is a key step choose international banks with strong local presence to facilitate global transactions.
4. Apply for Your Visa Through Your Business
Once your company is registered, you can sponsor your own investor visa and apply for family visas for dependents. This adds stability and flexibility as you build your life and business here.
Final Thoughts With its tax-efficient environment, global connectivity, and vibrant quality of life, the UAE has become a compelling destination for UK millionaires and business leaders seeking to grow and protect their wealth. Whether you’re exploring tax-friendly residency, expanding your business footprint, or building a legacy for your family, the UAE offers a strategic platform worthy of serious consideration.
