A move inspired by the UAE’s unmatched environment for wealth creation, business expansion, and luxury living.
The United Arab Emirates has once again proven its standing as one of the world’s most attractive destinations for entrepreneurs, investors, and high-net-worth individuals. Recently ranked 5th globally for business competitiveness, the UAE continues to deliver one message loud and clear: this is where the world comes to build its future.
And global business titans are taking notice.
Steel magnate Lakshmi Mittal, one of the wealthiest industrialists in the world, is reportedly shifting his base from the UK to the UAE a move driven by tax changes in Britain and inspired by the UAE’s unmatched environment for wealth creation, business expansion, and luxury living.
Together, the ranking and Mittal’s move tell a powerful story:
The UAE isn’t just competing globally it’s leading. And the world’s top decision-makers are choosing to follow.
Table of Contents
A Destination Where Business Thrives Without Bureaucracy
The UAE’s new top-5 global competitiveness ranking reflects the nation’s relentless commitment to efficiency and innovation. In contrast to traditional economic hubs where bureaucracy slows progress, the UAE has built a streamlined, digital-first ecosystem that empowers businesses to start, scale, and succeed faster.
From instantaneous licensing to integrated government services and investor-friendly regulations, the country has transformed what used to be complicated into something refreshingly simple.
This ease of doing business is precisely what global leaders like Mittal are now prioritising.
What’s Pushing Global Wealth from the UK — And Pulling It to the UAE
The UK’s recent tax reforms including changes to the “non-dom” regime and stricter rules around inheritance taxation have created an environment of uncertainty for high-net-worth families. For Lakshmi Mittal, the implications were clear: staying in Britain no longer aligned with long-term wealth protection.
The UAE, on the other hand, offers a compelling alternative:
- No inheritance tax
- No personal income tax
- A business ecosystem built to accelerate growth
- World-leading lifestyle and stability
It’s no surprise that Mittal is now reportedly spending much of his time in Dubai and investing in ultra-luxury developments such as Naïa Island.
Where the UK’s economic policies are causing capital and talent to reconsider their future, the UAE’s tax policies are drawing them in with confidence.
A Global Magnet for Innovation, Investment, and Vision
The UAE’s rise to 5th place globally is the result of years of strategic planning and forward-thinking leadership. The nation has become a hub for:
- Global trade and finance
- Technology and AI
- Renewable energy and sustainability
- Manufacturing and logistics
- Creative and knowledge-based industries
This diversified ecosystem creates an environment where businesses don’t just operate they innovate, expand, and lead.
It’s exactly the kind of landscape that attracts world-class entrepreneurs like Mittal, who value both stability and growth potential.
A Lifestyle That Completes the Business Equation
While the UAE’s business environment is unmatched, the country offers something few global hubs can replicate: a luxury lifestyle defined by safety, culture, convenience, and world-class experiences.
From waterfront living and global dining to cultural districts and pristine beaches, the UAE offers a standard of living that appeals to global families, executives, and investors alike. This dual advantage economic freedom , lifestyle excellence is a combination few countries can match.
The UAE: Where Global Leaders Choose Their Future
Lakshmi Mittal’s shift from the UK to the UAE is more than a personal decision. It is part of a global realignment. As traditional financial centres tighten regulations and increase tax pressures, the UAE continues to open doors.
With its top-5 global competitiveness ranking, visionary leadership, and future-focused policies, the UAE has established itself as the world’s most compelling bureaucracy-free gateway to global investment and luxury living.
