British-Nigerian boxer Anthony Joshua has become a Dubai resident even as some foreigners scramble to exit the United Arab Emirates which has come under Iran's retaliatory fire in recent weeks

Dubai

British-Nigerian boxer Anthony Joshua has officially become a resident of Dubai, as indicated in corporate filings for his companies. This move aligns with a trend of high-net-worth individuals relocating to Dubai, which does not impose income tax, making it an attractive destination for those seeking to reduce their tax obligations.

Joshua's business interests are valued at around $160 million, and he would have faced an estimated $11 million tax bill in the UK for 2024. The trend, often referred to as the 'millionaire exodus,' has seen approximately 257,000 British nationals leave the UK in the year ending December 2024, according to the Office for National Statistics.

Anthony Joshua relocates to Dubai as 'millionaire exodus' hits UK

How's it going, everyone? I trust you all well. British-Nigerian boxer Anthony Joshua has become a Dubai resident, even as some foreigners scramble to exit the United Arab Emirates, which has come under Iran's retaliatory fire in recent weeks. In corporate filings for his companies, Joshua lists himself as a resident of Dubai, according to Daily Mail. The relocation is thought to have been motivated by the desire to escape UK tax obligations. Unlike other cities, Dubai does not charge income tax, making it attractive to high-net-worth individuals seeking to reduce their fiscal burden. Joshua's business interests are valued at approximately $160 million, for which he would be billed around $11 million by the taxman in 2024. The so-called millionaire exodus has ticked up in recent years, with approximately 257,000 British nationals leaving the UK in the year ending December 2024, according to the Office for National Statistics.

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