Several countries, including Italy, Abu Dhabi, and Cyprus, have initiated events in London targeting wealthy UK non-domiciled residents to entice their relocation following tax policy changes.
Nick Candy warned of a significant talent exodus due to the potential abolition of the non-dom status, claiming the UK might face an unprecedented brain drain.
Financial advisers are witnessing a notable increase in wealthy clients looking to relocate, with many exploring attractive tax options in countries like Spain and Portugal.
David Lesperance mentioned his increased workload advising non-doms on relocation, as the Labour government plans to remove the lucrative non-dom tax status.
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