Exodus of the Ultra-Wealthy: Every 45 Minutes, a Millionaire Chooses Freedom Over the UK
By Alexander Erber, Senior Consultant & CEO of No Borders Founder
Every statistic tells a story. And the story revealed by the data for 2024 and 2025 is unprecedented: every 45 minutes, a millionaire leaves the United Kingdom. Once a magnet for affluent individuals and entrepreneurs from around the globe, the UK is now witnessing a dramatic exodus. But what is driving these high-net-worth individuals (HNWIs) out of a country that has long been considered a global financial hub? And where are they heading?
The answers are as complex as they are multifaceted. Tax burdens, political instability, and economic uncertainty are just a few of the factors. However, the real story doesn’t begin with what the UK is losing—it begins with what other countries are gaining.
By Alexander Erber, Senior Consultant with over one decade of experience in international residency and wealth strategies, having advised countless HNWIs on successful relocations and financial optimization.
The Flight from the UK: Why Millionaires Are Leaving
1. Tax Policy Changes: The Death of the Non-Dom Status
For decades, the UK’s non-dom status offered affluent foreigners a unique tax advantage: they were only taxed on income earned within the UK. But starting in April 2025, this status will be abolished—a move that is pushing many HNWIs over the edge. Suddenly, global income will become taxable, stripping the UK of its status as a tax haven.
Data shows that in 2024 alone, approximately 9,500 millionaires left the UK, a figure set to rise with the impending tax policy changes. According to a British government analysis, tax losses from departing HNWIs could amount to as much as £6 billion annually. An OECD study further highlights that the UK is among the most affected nations globally when it comes to millionaire migration.
Comparison: Tax Burdens in the UK vs. Dubai
| Factor | United Kingdom | Dubai |
|---|---|---|
| Income Tax | Up to 45% | 0% |
| Capital Gains Tax | Up to 20% | 0% |
| Inheritance Tax | 40% | 0% |
| Corporate Tax | 19% (rising to 25%) | 9% (only above 375,000 AED profit) |
| Cost of Living | High | Variable, often lower |
“Decisions made out of fear rarely lead to success. Strategic, forward-thinking moves are what secure financial freedom and stability,” I often tell my clients. “A well-planned relocation can provide long-term benefits, both financially and personally.“
2. Political and Economic Uncertainty
The aftermath of Brexit has deeply affected the UK. According to a report by Henley & Partners, more than 12,000 millionaires have left the country since Brexit. Trust in the country’s political and economic stability has been shaken. Frequent government changes, high inflation, and a stagnating economy are prompting entrepreneurs to explore alternatives.
One of my clients, a successful entrepreneur in the financial sector, shared his story: “Alexander, I always thought London would remain my base. But the uncertainty forced me to relocate.” These uncertainties aren’t just affecting individuals—they’re driving families and entire businesses to seek stability and long-term opportunities elsewhere.
3. The Appeal of Alternatives
While the UK loses its allure, other countries are stepping up with compelling advantages. The UAE, Singapore, and Kuala Lumpur offer tax freedom, political stability, and an unmatched quality of life. The trend toward global diversification—not just of assets but also of residency—is drawing more HNWIs to these regions.
“Having a Plan B is no longer optional—it’s essential. Only those who are prepared remain agile and ready to act,” I emphasize during my consultations.
The New Magnets: Dubai, Singapore, and Kuala Lumpur
1. United Arab Emirates: Dubai and Abu Dhabi Take Center Stage
Dubai, the glittering metropolis of the UAE, is not just a symbol of luxury but also of strategic foresight. In 2025, a net influx of 6,700 millionaires is expected—the highest globally.
Why Dubai?
- Tax Freedom: No income or capital gains taxes. Your wealth remains where it belongs: with you.
- Golden Visa Program: With a residency permit of up to 10 years, the Golden Visa offers long-term security for you and your family.
- Crypto-Friendly Policies: Dubai has positioned itself as a global hub for blockchain technology and cryptocurrencies.
- Luxury and Lifestyle: From world-class real estate to fine dining, Dubai epitomizes quality living.
- Cultural Diversity: With residents from over 200 nationalities, Dubai offers a unique cultural blend and an international community, making it an ideal destination for global entrepreneurs.
- Specific Success Stories: Numerous tech startups and family offices have relocated to Dubai, leveraging its zero-tax benefits and premium business infrastructure to achieve exponential growth.
Comparison: Benefits of the Golden Visa
| Benefit | Dubai | Singapore | Kuala Lumpur |
| Tax Freedom | Yes | Partial (no capital gains tax) | Partial (low tax rates) |
| Residency Duration | 10 years | 2–5 years | 10 years |
| Family Sponsorship | Yes | Yes | Yes |
| Minimum Investment | 2M AED (real estate) | Varies (typically $2.5M USD) | 1M MYR (~$220,000 USD) |
“Dubai isn’t just a destination—it’s a strategic choice,“ I explain to my clients. Many of them report that the financial and economic advantages have elevated not just their wealth but also their overall quality of life.
Case Studies: Success Stories from No Borders Founder
Case Study 1: From Brexit Chaos to Dubai
A British tech entrepreneur, burdened by Brexit uncertainties and looming tax hikes, turned to No Borders Founder in 2024. Together, we devised a strategy to relocate his business to Dubai. The results:
- Savings of over £1 million annually through tax optimization.
- Establishment of an office in Dubai Internet City, a premier tech hub.
- Seamless family integration, including top-tier schools for his children.
“Relocating to Dubai was the best decision for my business and family. Alexander Erber and his team coordinated everything flawlessly,”said the entrepreneur.
Case Study 2: A Safe Haven for Assets
A high-net-worth investor sought a safe haven for his global portfolio in 2025. After consulting with us, he chose Singapore:
- Avoidance of capital gains taxes on significant investments.
- Establishment of a family office to manage his wealth.
- Access to Singapore’s exclusive investment opportunities.
“No Borders Founder not only helped protect my wealth but also unlocked new growth opportunities,” the investor shared.
Practical Steps for Relocating Your Residency
Relocating to a new country requires meticulous planning and expertise. At No Borders Founder, we guide our clients through every step:
- Assessment of Your Current Situation: We analyze your tax and financial status to craft the optimal strategy.
- Country Comparison: Based on your needs, we evaluate options like Dubai, Singapore, or Kuala Lumpur.
- Visa and Business Setup: We handle Golden Visa applications, business incorporation, and necessary banking arrangements.
- Seamless Relocation: Our team manages everything—from real estate to insurance and family integration.
The Impact of the Exodus: What the UK Is Losing
The departure of the ultra-wealthy doesn’t come without consequences. According to the Henley Wealth Migration Dashboard, the British economy stands to lose billions in tax revenue and investments. Tax losses from departing HNWIs alone are estimated in the billions.
“Capital seeks stability and freedom. When a country fails to offer these two key factors, it will inevitably lose,” I explain. The millionaire exodus underscores the importance of long-term vision and trust in political decision-making.
The Future Belongs to the Forward-Thinking
Leaving the UK is more than a change of address. It’s a strategic move toward a brighter future—for you, your family, and your wealth. Dubai, Singapore, and Kuala Lumpur offer not only tax advantages but also the security, stability, and quality of life essential for success.
Your Next Step: Building a Secure Future
Relocating your wealth and residency is a decision that requires expertise, precision, and a partner who truly understands your needs. At No Borders Founder, we specialize in crafting bespoke strategies tailored to your unique situation. Together, we can:
- Maximize your financial freedom through intelligent tax planning.
- Ensure a seamless transition for you and your family.
- Open doors to global opportunities and stability.
“Success favors those who act boldly and strategically,” I often say to my clients. If you are ready to explore your options and secure a future where your wealth thrives without boundaries, let’s start the conversation today.
Contact us now and take control of your tomorrow.
