European Billionaires Clubs Expand Staff in the UAE to Accommodate Influx of Wealthy Individuals
As more and more billionaires choose to set their sights on Gulf nations, particularly the UAE, European billionaires clubs are rapidly expanding their operations in the region. Financial experts point out that this trend indicates Gulf countries have become the preferred destinations for global super-rich individuals, surpassing even Singapore.
According to reports, renowned Swiss banks such as UBS have increased their staff numbers to over 200, while Lombard Odier bank plans to double its workforce in the region over the next three years to cater to the needs of super-rich individuals.
Industry insiders indicate that with global billionaires flocking to the UAE, it is expected that more high-end exclusive clubs and networks will enter the country in the coming months, especially in Dubai.
Data from global citizenship investment advisory firm Henley & Partners shows that the UAE has become one of the countries with the highest net inflow of millionaires in recent years, with an increase of 4,500 millionaires in just one year.
Behind this trend are various advantages that the UAE offers in attracting billionaires, including abundant business opportunities, a high-quality lifestyle, and flexible tax policies. These factors make the UAE an ideal destination for global billionaires, attracting more and more European billionaires clubs to expand their operations in the region.
For the UAE, attracting the arrival of global super-rich individuals not only helps to drive economic development but also aims to enhance international image and further consolidate its position as a global business and financial hub. With the increase in the number of billionaires, the UAE's influence on the global stage is expected to continue to expand.
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