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Why Dubai specifically? I would imagine other places (like Singapore) would be more attractive. I recall stories of visa traps being used to abuse workers from
by ido 4y ago
Why Dubai specifically? I would imagine other places (like Singapore) would be more attractive. I recall stories of visa traps being used to abuse workers from the Indian subcontinent in UAE, but maybe these don't apply to higher status (like business people and tech workers)?
- rakejake 4y agoFrom the article: "The main reason for this exodus of wealthy technologists is the complete waiver on personal income tax and minimal capital gains tax. India levies a personal income tax of 30% on income above 15,00,000 rupees ($19,300), which can go up to 42%, including a surcharge and a long-term capital gains tax of 10%–20%."