Boxing champion Anthony Joshua has surprised many by deciding to leave the United Kingdom and relocate to Dubai amidst the ongoing tensions in the United Arab Emirates. Despite the conflict involving the US and Iran in the region, Joshua, 36, has officially announced his plans to become a resident of the UAE. The British-born former heavyweight champ, who won gold at the 2012 London Olympics, is now shifting away from his native country, as reported by the Daily Mail.
Joshua’s move to Dubai is a bold one, especially given the recent military actions involving the USA, Israel, and Iran. Despite the attacks on the UAE by Iranian drones and missiles over the past couple of weeks, Joshua proceeded with his decision to change his residential status. The escalating situation has led to a mass exodus of over 100,000 Britons attempting to leave the Middle East and return home to the UK.
Although Dubai’s appealing weather and top-notch amenities attract many expatriates, its tax-free status is a major draw for the affluent. Joshua, facing substantial UK tax liabilities on his earnings, saw the financial benefits of residing in a no-income-tax jurisdiction. His company Sparta Promotions recorded significant profits and tax payments in the UK in recent years.
Joshua’s relocation aligns with a trend of celebrities moving to Dubai for various reasons, joining the likes of former boxer Amir Khan and Hollywood actress Lindsey Lohan. Despite the challenging geopolitical climate, Dubai continues to be a favored destination for those seeking luxury living and financial advantages.