Abu Dhabi woos UK’s ultra-rich as tax reforms spark exodus concerns

Abu Dhabi targets UK’s rich: Bloomberg highlighted Abu Dhabi’s growing efforts to attract wealthy UK non-doms, as new tax reforms under PM Keir Starmer’s Labour government push the ultra-wealthy to relocate, with others like Greece and Singapore also attempting to court them. The emirate held an exclusive event in London, organized by the Abu Dhabi Investment Office and ADGM, to promote its tax-friendly environment and rapidly expanding financial sector.

The strategy seems effective: Jo Eccles, founder of Eccord, has warned that the UK could see a significant “brain drain,” with affluent families and hedge funds already making moves. Even wealthy British residents are relocating — a member of the Kamani family, behind Boohoo Group, relocated to the UAE earlier this year.