UAE: Why are so many Europeans now relocating to the country?

UAE: Why are so many Europeans now relocating to the country?

A study last year projected that the UAE would attract the largest number of millionaires in 2022, estimating that 4,000 millionaires would migrate to the nation

Published: Tue 17 Jan 2023, 6:00 AM Last updated: Tue 17 Jan 2023, 6:24 AM

After Asia and Africa, expatriates from Europe are also relocating to the UAE, attracted by its tax-free income, safety, security and its free health insurance, with the allure of jobs also among others.

According to immigration and human resources consultants, Europeans are looking to relocate to other countries due to high inflation, the energy crisis, and the impact of the Ukraine-Russia war on the European economy.

It was further revealed that most people from the UK and European countries are professionals who are flocking to the Emirates for greener pastures.

According to Aaron Portero, managing director of Connect Group, the top five European countries from where people are moving to UAE are the UK, Spain, Germany, Italy, France and the Netherlands.

“Between high inflation, flagging growth and an energy crisis, Europe isn’t in the best shape. We are receiving a record number of visa applications to work in the UAE, mostly coming from Europe. In 2022, we issued 17 per cent of visas to clients