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Nassef Sawiris, Egypt’s richest person, relocates to Italy over tax changes in UK

Summary by Billionaires.Africa
Key PointsNassef Sawiris moves to Italy after UK abolishes non-dom tax status, ending a long association with the country.Sawiris moved his family office to Abu Dhabi in December 2023, distancing himself from the UK ahead of tax changes.Italy’s flat tax scheme, charging €200,000 ($220,500) for foreign nationals, now appeals to Sawiris and other wealthy individuals seeking tax-friendly alternatives.Egypt’s richest person, Nassef Sawiris, is the l…
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Nassef Sawiris, Egypt’s richest person, relocates to Italy over tax changes in UK

Key PointsNassef Sawiris moves to Italy after UK abolishes non-dom tax status, ending a long association with the country.Sawiris moved his family office to Abu Dhabi in December 2023, distancing himself from the UK ahead of tax changes.Italy’s flat tax scheme, charging €200,000 ($220,500) for foreign nationals, now appeals to Sawiris and other wealthy individuals seeking tax-friendly alternatives.Egypt’s richest person, Nassef Sawiris, is the l…

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Billionaires.Africa broke the news in on Thursday, April 3, 2025.
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