Which City Attracts Billionaires the Most

Abu Dhabi has become a new hub for billionaires around the world, according to a report by Bloomberg. The information was shared by RIA Novosti.

According to data from M/HQ, an asset management consulting firm, more than five thousand private companies are registered in Abu Dhabi, compared to only 46 in 2016. The business center is well-known among entrepreneurs for its guarantees to protect assets from foreign jurisdictions and the opportunity to benefit from agreements to avoid double taxation in the UAE.

Additionally, some investors consider the possibility of obtaining residency permits or passports from the UAE as a significant advantage when making substantial investments, the article emphasizes.