High-net-worth individuals shift investments from Dubai to Zug

Wealthy individuals previously based in Dubai are relocating investments to the Swiss city of Zug following regional instability related to conflicts in Iran. According to reports from CNN Turk and local officials, the move is driven by a desire for political stability, neutrality, and favorable tax policies. Zug allows residents to pay taxes based on living costs rather than income, a system that attracts global commodity traders and cryptocurrency firms. Simon Inchier of the real estate firm Engel & Völkers confirmed an increase in property inquiries from expatriates leaving the United Arab Emirates. Economic expert Bernhard Bauhofer attributed this trend to high-net-worth individuals seeking to protect their assets from geopolitical risks. The influx of capital has reinforced Zug's position as a significant global financial hub. While the reports cite the conflict in Iran as a primary catalyst, the city's established economic infrastructure continues to be a major pull factor for European investors.