UAE has been a top contender in attracting high networth individuals. With zero personal income tax, no capital gains tax, and no inheritance tax, the UAE offers a more tax-efficient environment than India. With high rental yields, capital appreciation, and ownership rights in designated areas, the Golden Visa provides long-term stability for investors and their families. The UAE continues to dominate as the top destination for wealthy migrants, with an estimated 6,700 millionaires relocating to the country by the end of 2024. The US comes next with inflows of more than 3,800 millionaires estimated last year. Many Indians too have sought to buy a second home there – a home away from their primary residence in India. Unlike other countries, UAE’s Golden Visa does not offer a pathway to citizenship, barring exceptional cases. The Golden Visa is strictly a long- term residency permit permit. However, its flexibility, and access to global business opportunities make it a preferred option for high net worth individuals and professionals.