Dubai expats with massive fortunes are fleeing to Switzerland as Middle East war fears intensify. Dubai real estate down 35%!

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The ultra-rich are growing increasingly anxious about protecting their fortunes as war in the Middle East fuels fears of wider instability, with expats fleeing Dubai and turning to Switzerland to shield their wealth and dodge tax bills.

Wealth managers say the more money clients have, the more urgently they are trying to move it out of the Gulf following the US-Israeli strikes on Iran, amid concern the conflict could spread across the region.

Reputation expert Bernhard Bauhofer said anxiety among the world’s wealthiest is intensifying.

https://www.dailymail.co.uk/news/article-15653595/Expats-fleeing-Dubai-heading-Switzerland-continue-dodging-tax-bills.html?ns