Businessmen from all over the world taking refuge in this country?
In today's time, the economy of that country will be the strongest, which has the most rich businessmen. This is the reason why many countries are implementing such systems in their country, which are attracting such rich millionaires. A rich Muslim country of the world is also doing the same and because of this, businessmen from all over the world, including india, are getting attracted to that country and are going to live there. Let us tell you about it in detail.
Which Muslim country are millionaires going to?
According to the report of Giddens and citizenship advisory firm Henley & Partners, at present the United Arab Emirates remains the most favorite destination of the rich around the world. According to this report, by the end of the year 2025, about 6700 millionaires from all over the world can shift here. Apart from this, indian businessmen and millionaires are also rapidly moving towards Dubai. It is being told that the reason behind this is the world class infrastructure and better lifestyle of the United Arab Emirates.
Why are rich people going to the United Arab Emirates?
uae is becoming the most preferred destination for businessmen and rich investors from all over the world. The main reasons for this are world-class infrastructure, better lifestyle, low taxation and investment-friendly policies. Actually, there is no income tax in the uae, while in india taxes are levied at high rates. dubai has a 9 percent corporate tax (on profits over AED 3,75,000), while in india capital gains tax, stamp duty and other charges are heavy on investors.
Apart from this, under the Golden Visa program, buying a property worth Rs 4.7 crore gives 10 years of residency, which is attractive for investors from all over the world, including Indians. Apart from this, the real estate market of uae offers affordable and better return properties to indian investors. Property prices in dubai are lower than mumbai and Delhi-NCR, while rental returns are as high as 7-10 per cent, which is much better than India's 2-5 per cent.
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