The UK’s wealthy are flocking to Abu Dhabi to protect their assets

Bloomberg is once again putting Abu Dhabi in the spotlight as a “magnet” for the world’s wealthiest, with several British high net worth individuals moving to the emirate to shelter their assets amid changes in the UK's preferential tax treatment for non-domiciled residents. Abu Dhabi Global Market’s “robust regulatory framework and ecosystem with progressive regulations” is to thank for the emirate’s appeal among b’naires, alongside a zero-tax income and a time zone that allows workers to trade across Asian, European and US hours.