In the news "Crime against democracy": Labor's capital gains tax and negative gearing backflip Sky News → Australia to Dubai · Your Plan B

Do you have a Plan B if Australia is Plan A?

Set up your Plan B: a real second base in the UAE. I spent twenty years inside ABN AMRO, RBS and Investec, and now I help Australian founders move their business to Dubai and get it set up properly, so you don't cop a surprise tax bill, get knocked back by the banks three times, or end up with a "0% structure" that falls apart a year in. I'm Akshaya, and I run every engagement myself.

20 years private banking ABN AMRO · RBS · Investec Founder & CEO, Iridium Private
Akshaya Naronikar, Founder and CEO of Iridium Private, in the boardroom
Growth StrategistAkshaya Naronikar
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Years in private banking at ABN AMRO, RBS and Investec, before founding Iridium.
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Company formations behind my Dubai implementation partner.
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Markets, coordinated: Australia, the UK, the US, the EU and the GCC.
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Principal. Every engagement led personally by Akshaya, never a junior team.
Top marginal rate in Australia 47%
Personal income tax in the UAE 0%

The gap is legal. It is the reason founders are leaving. The only question is whether you capture it properly.

Why founders are moving now

Plan A is getting harder. Plan B is opening up.

Australia keeps tightening the rules on founders and capital. The UAE keeps opening its doors. You do not have to like the politics to plan around it, and the founders who move early move on their own terms.

Sky News · The Bolt Report "Crime against democracy": outrage over Labor's capital gains tax and negative gearing backflip Read the story →
Australian Financial Review · Sep 2026 "Too narrow, too complex": business pans the CGT carve-outs for start-ups Coorey & Samios
Daily Mail · Adrian Portelli Australian billionaire moves to Dubai, and says he "lodged my plans with the ATO the entire time" Read the story →
Dubai · May 2026 Dubai approves an AED 2.5 billion business support package for 2026, across 33 initiatives AB Capital Services

A bank account in the UAE is not a given. It takes the right network, the kind we already run for large enterprise clients. That is what our Dubai concierge service is for: we handle the move on the ground, so you land with the company, the banking and the residency actually working.

Headlines are shown for context, from the outlets named. This is a business growth consultation, not political comment, and not legal, tax or financial advice.

The part nobody warns you about

Leaving Australia can tax you on the way out.

The ATO can treat your departure like a sale. Your company, your shares, assets you have not touched in years, all of it potentially taxed the day you stop being a resident.

I have watched founders hand over six figures they never owed, purely because they did the steps in the wrong order. Residency, the company, the banking, a future sale, the family. They all move on different clocks. Miss one and the bill lands.

This is not one decision. It is closer to forty, and the order you make them in decides what you keep.


How I actually work

Your accountant, your lawyer, your banker. Someone has to run the room.

Each of them is good at their piece. None of them owns the move. I do. I brief them, put the steps in order, chase the paperwork, and make the decisions line up, so nothing stalls while the clock ticks on your residency.

01

What you actually want

Where you want to live, how the business should run, and what you are not willing to give up to get there.

02

The full picture

Company, ownership, income, assets, family, banking, and whatever advice you already have in play.

03

The right people

The Australian and overseas specialists your situation genuinely needs. No more, no less.

04

Getting it done

I run the documents, the decisions and the hand-offs so every step happens in the right order.


Akshaya Naronikar, Founder and CEO of Iridium Private
The principal

Akshaya Naronikar

Founder and CEO, Iridium Private

For twenty years I sat inside private banking at ABN AMRO, RBS and Investec, watching how the wealthy actually structure and move capital. I have advised founders and family offices through it, been quoted in the national press on it, and written a book on the mindset behind it, ASCEND-MINDSET.

Here is what most "Dubai setup" shops will not tell you: your tax outcome is decided by your residency and the order you do things in, not by which licence you buy. Get that wrong and you trigger the exact bill you were trying to avoid.

So I run every engagement myself. I build the plan, I coordinate your Australian and overseas advisers, and my implementation partner in Dubai, with more than 25 years and over 100,000 company formations behind them, handles the setup on the ground. You deal with me, from the first call to fully operational.

Akshaya


The credentials

Twenty years inside the institutions that move money.

Before founding Iridium, Akshaya spent two decades in private banking at ABN AMRO, RBS and Investec, advising founders and family offices across borders. That is the experience now working on your exit.

  • ABN AMRO · RBS · Investec20 years in private banking
  • 12,000+ followersA trusted voice for founders on LinkedIn
  • AU · UK · US · EU · GCCCross-border capital and advisory
As featured in Accountants Daily "The budget fails to address the realism of modern productivity investments." Akshaya Naronikar · May 2026 · Read the article → View Akshaya on LinkedIn
Akshaya Naronikar on LinkedIn: Founder and CEO of Iridium Private, 20 years private banking at ABN AMRO, RBS and Investec, 12,229 followers

In the room with founders

Time in the room with the founders making the move.

Akshaya works with founders and family offices in person, one on one, from the first conversation to a business that is up and running in the UAE.

Akshaya Naronikar speaking to a room of founders
Founders at an Iridium Private event
Founders listening at an Iridium Private event
Akshaya Naronikar with a guest at an Iridium Private event

What we coordinate

The complete move, not one isolated product.

Australian departure

Residency analysis, company management, ownership and departure timing, coordinated with qualified Australian advisers.

Dubai structure and licensing

Entity, banking, substance and commercial arrangements chosen for how the business genuinely earns and operates.

Personal residency

A genuine place to live and a lawful residency position that works with the company and your real lifestyle.

International structures and IP

Cross-border structures that protect and position what you own.

UAE residency, visas and Golden Visa

Residency and Emirates ID for you and your family, and the 10-year Golden Visa where you qualify, coordinated with registered agents.

Banking and substance

Corporate and private banking set up properly, with the real substance the structure needs.

Wealth strategy

Putting freed capital to work in cash-flowing assets.

Implementation in Dubai

Formation, banking, visas and registrations, handled on the ground by an established Dubai partner and run as one sequence.

Why Dubai

The clearest move for an Australian founder.

0%Personal income tax in the UAE
9%Headline corporate tax, with 0% on qualifying free-zone income
ResidencyA genuine base and visa pathway for you and your family
BankingCredible corporate and private banking, done properly
One hubLive, run the company and hold capital in the same place

Dubai only works when residency, company and banking genuinely line up. That is the part we coordinate for you.

What I handle for you

One engagement. The whole move, end to end.

I own the plan and coordinate your advisers. The setup itself is delivered by my Dubai partner, more than 25 years and over 100,000 company formations behind them, so much of it is handled remotely with one short trip to finalise. Which of these you actually need, we work out on the call.

01

Your Australian exit

Your residency and capital-gains position mapped and sequenced with your Australian advisers, so leaving does not trigger the bill you are trying to avoid.

02

Your UAE company

The right free-zone or mainland licence, chosen for how your business genuinely earns, not the cheapest package on offer.

03

Residency & Golden Visa

Your UAE residency visa and Emirates ID for you and your family, and the 10-year Golden Visa where you qualify.

04

Banking that opens

Corporate and personal account introductions through the right channels, so your application is not rejected three times first.

05

Compliance & admin

Tax registration, renewals and PRO services handled by the partner on the ground, kept on schedule.

06

After you land

I stay on after setup, through banking, renewals and the practical side of actually living the move.

See what applies to you on a 30-minute call

Concierge, on the ground

A concierge service in Dubai, run through our enterprise network.

A UAE bank account is not a given. Applications stall without the right introductions. We open accounts through the same network we run for large enterprise clients, and we handle the setup on the ground, so you are not doing this alone from Australia.

Concierge on the ground

The company, the visas and the paperwork handled in Dubai, so much of it is done before you ever fly over.

Enterprise banking network

Corporate and personal accounts opened through real introductions, the same channels our enterprise clients use.

One point of contact

You deal with Akshaya from the first call to a business that is up and running, never a call centre.

Founders we have helped make the move
  • BBrian
  • LLuke
  • DDaniel
  • DDeon
  • KKris
  • NNat
  • BBob
Income tax today, capital gains on exit

Same business. Two outcomes.

A business with $1m in annual revenue and $400k in annual profit can produce materially different results depending on where the founder lives, where the company is managed, how profit is extracted, and how an eventual sale is treated.

Illustrative example: a service business, $1m revenue, $400k profit before company tax, and a later share sale at four times annual profit. The figures isolate selected company-tax and share-sale outcomes only.

Outcome A

Australian company, Australian-resident founder

Annual company profit$400,000
Illustrative income tax at 25%$100,000
After company tax$300,000
Illustrative sale value at 4×$1,600,000
Illustrative capital gains tax on exit*$376,000
Outcome B

Founder genuinely overseas, qualifying foreign-income structure

Annual company profit$400,000
Illustrative tax on qualifying foreign profit$0
Profit retained before owner-level tax$400,000
Illustrative sale value at 4×$1,600,000
Illustrative local capital gains tax on exit*$0
Illustrative difference on a single exit $476,000 kept, not paid

*Outcome A assumes an Australian-resident individual, nil cost base, shares held more than 12 months, the 50% CGT discount, and a 47% top marginal rate including Medicare levy. Outcome B assumes the founder has genuinely ceased Australian tax residency, the foreign company is not Australian tax resident, income is foreign-sourced under the relevant rules, no Australian permanent establishment or source exposure applies, and the destination imposes no capital gains tax on the share sale. Real outcomes depend on your full circumstances and qualified advice. This is not a calculation of your position.

Model the decisions before you move

Why a coordinated mandate

On your own, or with Iridium.

On your own
With Iridium
Sequencing
You guess the order, and one wrong move triggers CGT
Mapped and dependency-driven, in the right order
Specialists
You brief each accountant, lawyer and agent separately
Coordinated by Akshaya, each in their lane
Who owns the plan
You do, between everything else
Akshaya owns the whole picture with you
Speed
Stalls while firms wait on each other
Pushed forward as one continuous sequence
After setup
You are on your own
Ongoing support through banking and living it
The outcome
Expensive missteps, or a structure that fails later
Legal, disclosed and built to survive what comes next
Private field guide

The Australian founder's guide to the UAE.

The honest version of what a UAE base actually involves in 2026: what qualifies, what it costs, what the rules require, and where founders get burned. Written for founders with a real business to move, not a mailbox.

  • What a real base is: free zone versus mainland
  • Residency, visas and the banking reality
  • Substance: the part cheap set-ups get wrong

Get the guide and book a call

Share your details once. Download the guide and book your discovery call in the same step.

Why founders work with me

Most firms sell a licence and vanish. I don't work that way.

The day the licence is issued is where the trouble usually starts: the bank rejects your account, a deadline slips, and the "0% structure" quietly stops working. I stay on it. I hold the whole plan, and the setup itself is delivered by my Dubai partner with more than 25 years and over 100,000 company formations behind them.

  • 01
    You work directly with me.Not a junior, not a call centre.
  • 02
    A plan built around your residency.Your circumstances, in the right order.
  • 03
    Your advisers, coordinated.I make your accountant, lawyer and bankers work together.
  • 04
    Company, residency and bank account.Trade licence, UAE residency visa, Emirates ID and a corporate account, much of it handled remotely.
  • 05
    I stay after the setup.Banking, Golden Visa where you qualify, and actually living it.
Case study

A UAE setup gone wrong. How we fixed it.

A European founder came to us six months after setting up in the UAE: the wrong free zone, three rejected bank applications, and missed compliance deadlines that had already cost them in penalties. Here is what we did.

$15,000+saved a year in unnecessary fees
Under 2 weeksto an approved bank account
Zerofurther compliance penalties
01

The right free zone

We moved them to a free zone matched to their industry, so the business could operate the way it actually needed to.

02

Banking, solved

We corrected the documentation and introduced the right banking contacts. The account was approved in under two weeks.

03

Compliance, systemised

From employee visas to tax filings, we set up a system for every UAE obligation. No more penalties, just smooth operations.

04

The bigger opportunity

They did not know the UAE's sovereign wealth funds actively back innovative businesses. We helped tailor their pitch to those priorities; today they are in funding discussions.

Anonymised client engagement. Outcomes depend on individual circumstances and qualified advice.

The implementation standard

Compliant and fast. A repeatable system, not months of red tape.

01

Request a consultation

A confidential thirty-minute conversation, one-on-one with Akshaya.

02

Map your position

Your objectives, current setup, likely jurisdictions, and the specialist work the move requires.

03

Your roadmap

The exact sequence, built for your situation.

04

Execute together

Structures, residency and banking, pushed forward as one sequence, with support the whole way.


Built for borderless founders

Who this is for, and who it is not.

Usually a fit

  • Australian founders with an operating, location-flexible business
  • Seriously considering living overseas, and wanting it done properly
  • Company value is growing, or an exit is on the horizon
  • Family or co-founders involved, or advice already spans jurisdictions

Not a fit

  • Anyone seeking concealment or sham residency
  • Undocumented nominee arrangements
  • A copied zero-tax structure with no regard to substance
  • Shopping purely on price

This is legal, fully disclosed structuring, or it is nothing. Every outcome depends on your circumstances and qualified professional advice.


Questions

Before you book.

Is this legal advice? 01
No, and I am careful about that line. I am a growth strategist, not your tax agent or lawyer. I help you see the options and bring in the registered professionals who give the formal advice. Everything we do is legal and fully declared. No hiding, no dodging.
Will you actually save me tax? 02
That depends on your numbers, and I will not pretend otherwise on a landing page. What I do is set up your business, residency and banking so the lower-tax outcomes are genuinely on the table, then bring in the registered professionals to confirm and lock them in. Anyone promising you a figure up front is guessing.
Do I have to leave Australia for good? 03
Not necessarily, and this is where people trip up. How often you come back matters, especially with the residency rules the Government has proposed. We work out what actually fits your life on the call.
Is Dubai realistic for someone like me? 04
For a lot of founders, yes. For some, no. It comes down to your business, your family and how you like to live. I will tell you straight which camp you are in.
What happens after I book? 05
You get thirty minutes with me, one on one. We go through where you stand and what the move would actually look like. If we are not a fit, I will say so. I only take on a handful of founders at a time.
Do I actually deal with you, or a team? 06
Me. That is the whole point. You are not getting passed to a junior after the first call. The plan is mine, start to finish.
A quick gut-check

How exposed is your exit, really?

Question 1 of 4

Is your business making real money and not tied to one place?

Private client places · by application

Get the guide, and book your discovery call.

Share your details once. Then download the Australian Founder's Guide to the UAE and book a private thirty-minute discovery call with Akshaya, in the same step.

What the call covers
  • A live read of where you stand today
  • The specific decisions your move depends on
  • A prioritised action list, yours to keep
  • An honest answer on whether an overseas move even fits

The last few minutes are not a pitch. If we are not the right fit, Akshaya will tell you.

Private client places · limited each quarter

Book your discovery call

A few details, then pick a time with Akshaya. I read every request myself and reply within one business day.

Confidential Reviewed by Akshaya By application
Transparency

What this is, and what it is not.

  • This is a Business Growth Consultation. Akshaya Naronikar works with you as a Growth Strategist, not as a legal, tax, financial or migration adviser.
  • We do not provide legal, tax, financial-product or migration advice. Nothing on this page, in the guide, or on a call is advice or a recommendation, and no client or professional relationship is created by enquiring or booking.
  • Regulated advice comes from qualified professionals. Where it is needed, Iridium coordinates appropriately qualified and registered specialists, registered tax agents, lawyers, licensed financial advisers and registered migration agents, who advise you directly within their scope.
  • Strategies are general and lawful. Anything discussed is general in nature, fully disclosed and legal, never concealment or evasion, and must be confirmed against your own circumstances with those professionals before you act.
  • Figures are illustrative only. Examples such as 47%, 0% and $476,000 are simplified to show how outcomes can differ. They are not estimates, projections or a calculation of your position, and no result is guaranteed.