European millionaires seek a safe harbour from populism
Many are fleeing to the Gulf—never mind war next door
DUBAI SELLS itself as a refuge for the footloose plutocrat. It is an easy place to do business and has convenient flight connections to just about anywhere in the world. Its streets are safer than New York’s or London’s (not to mention much cleaner). Just in case those attractions are not enough, it levies no tax on income, property or capital gains.
This article appeared in the Business section of the print edition under the headline “Safe(ish) harbour”
Business June 29th 2024
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