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29 Oct 2025

Every 45 Minutes, a UK Millionaire Leaves the Country. Why Is Dubai Their Top Choice?

Every 45 Minutes, a UK Millionaire Leaves the Country. Why Is Dubai Their Top Choice?
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In 2024, the UK lost approximately one millionaire every 45 minutes.

That’s more than 10,000 in total.

Among those leaving are many under 35s who could have been the UK’s future millionaires and top taxpayers. These driven, ambitious young professionals are choosing the UAE for a better life. No crime, no personal income tax, and affordable healthcare.

Moving your business from the UK to Dubai isn’t just about tax savings, it’s about lifestyle, growth opportunities, and joining a thriving global hub.

If you’re a UK entrepreneur considering this move, here’s a 7 step guide to help you navigate the process:

Step 1: Mainland vs Free Zone Company. What’s Best for You?

Dubai offers two primary types of company setups:

  • Mainland companies allow you to operate anywhere in the UAE but often require a local partner.
  • Free Zone companies offer 100% ownership with zero corporate tax but restrict where you can trade.

Consider your business model carefully. Are you targeting the UAE domestic market, or is your focus primarily international? This decision will guide your choice between mainland and free zone setups. Most international entrepreneurs prefer Free Zones due to the benefits such as 100% foreign ownership, full repatriation of profits, zero corporate tax (for qualifying Free Zone Persons), and affordable license packages tailored specifically for startups and SMEs.

Step 2: Business Formation Experts or Do-It-Yourself?

You can either set up your company yourself or consult a business formation expert. Experts simplify the process and provide ongoing support. If you’re new to UAE business setup or unfamiliar with local regulations, experts can save you valuable time and reduce risks. However, research thoroughly. Choose experts with strong reviews.

Step 3: Choosing Your Trade Activities

Unlike in the UK, UAE trade licenses are very specific. You must define the exact business activities your company will undertake, which impacts your license type.

If unsure, consult a business formation specialist to ensure you select the appropriate trade activities and stay compliant.

Step 4: Application & Approval Process

Once you’ve decided on your company type and trade activities, submit your application. Approval times vary — expect a few days to several weeks, depending on your business category and chosen free zone or mainland authority. Accurate documentation and patience are essential.

Step 5: Visa Process

Setting up a business in Dubai opens doors to UAE residence visas for you, your family, and employees. This is a key incentive for many UK entrepreneurs seeking excellent healthcare, and a superior quality of life.

Step 6: Setting Up Your Bank Account

A UAE business bank account is vital for business operations. Banking requirements can be stringent, so seek advice from professionals or agencies experienced with the local banking landscape.

So, Why Dubai Makes Sense for Britons?

  • Tax Benefits: No personal income tax, no capital gains tax, and zero corporate tax in Free Zones (for qualifying Free Zone Persons).
  • Strategic Location: Easy connectivity with Asia, Europe, and Africa. All within a day’s flight.
  • Safety & Lifestyle: Low crime rates, world-class healthcare, and a cosmopolitan environment.
  • Business Ecosystem: Thousands of international companies already thrive here.

Final Thoughts

Relocating your UK business to Dubai is about more than financial incentives. It’s a chance to broaden your horizons and tap into one of the world’s most dynamic business landscapes. For UK entrepreneurs, Dubai offers a tax-friendly environment, a safe lifestyle, and global connectivity that few other cities can match.

If you’re ready to explore this opportunity, start by understanding Dubai’s business setup options and seek trusted partners who can guide you every step of the way.

Choose IFZA For a Smooth Business Setup Experience in Dubai

IFZA is a well-known name in the region for its expertise in business setup in Dubai. Our international network of Professional Partners can guide you through every step of the IFZA license application, ensuring easy navigation and saving you valuable time. And the best part? You don’t even have to be physically present in the UAE.

Choose from thousands of business activities and combine commercial and professional activities under a single license. With IFZA, you have the freedom to build your business exactly the way you envision it.

Don’t miss out on this opportunity for success. Contact an IFZA Professional Partner today for expert guidance on your business setup in Dubai.

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