British media mogul Richard Desmond has recently obtained a golden visa in Dubai, citing lifestyle and business advantages as the main motivators for the move. The 72-year-old entrepreneur, known for his past ownership of major UK tabloids such as the Daily Express and Daily Star, is joining a growing number of wealthy individuals attracted to the United Arab Emirates for its tax-friendly environment and luxurious lifestyle benefits.
Desmond’s decision to acquire the golden visa comes shortly after purchasing a residence in Dubai. According to sources familiar with the matter, the shift is a “lifestyle choice” aimed at taking advantage of the UAE’s favourable climate, both in terms of weather and the business environment. Despite the move, Desmond is expected to maintain his tax status in the UK, along with his residence in London’s Hampstead and business operations in the Northern & Shell Building.
Desmond’s relocation to Dubai highlights a broader trend where affluent individuals are seeking residency in tax-friendly jurisdictions like the UAE. The golden visa programme, which offers long-term residency to investors, entrepreneurs, and talented professionals, is increasingly seen as a gateway to a better quality of life.
The lifestyle benefits associated with the golden visa—such as access to high-end amenities, international schools, and a robust real estate market—are drawing wealthy expatriates from Europe and beyond.
Industry experts note that Dubai’s appeal extends beyond lifestyle. The UAE’s favourable tax policies, stable economy, and growing international business landscape make it an attractive choice for entrepreneurs looking to diversify their investments.
“For high-net-worth individuals, the golden visa provides an opportunity to establish a base in a dynamic, rapidly expanding market,” said a Dubai-based wealth advisor.
For entrepreneurs eyeing Dubai, securing a golden visa can be a strategic move. It not only provides long-term residency but also serves as a means to explore business opportunities in a region known for its economic growth and investor-friendly policies.
