UK set to lose thousands of millionaires as rich vote with their feet and move overseas
The United Arab Emirates has emerged as this year's top destination for attracting the most millionaires, according to a report from Henley Private Wealth Management into millionaire migration trends for 2024. The nation's zero rate of income tax, along with its luxury lifestyle and golden visa programme, is set to attract 6,700 new millionaires this year alone. While the number of Russians moving to the UAE has slowed recently, this has partially been offset by an increasing number of European and British immigrants. The number of millionaires living in the UAE's largest city, Dubai, has rise...