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2 clusters · 4 sources · 24 days · First seen · Last updated

Adrian Portelli relocation to Dubai

Overview

Australian billionaire Adrian Portelli, founder of LMCT+, has relocated to Dubai. Portelli cited dissatisfaction with Australia’s political leadership, media, and taxation regime, describing the current domestic environment as a “brainwashing circus.” He noted that the move was planned for three years and highlighted Dubai’s tax-free status, safety, and educational quality as primary drivers.

Subsequent reports indicate that Portelli’s move coincides with broader concerns regarding the Australian Taxation Office and recent federal budget changes to capital gains and property taxes. Critics suggest these changes may be “chasing away success.” This trend has reportedly spurred the launch of “Project Get Out,” a service assisting Australians, particularly in the tech sector, with relocating to the United Arab Emirates.

Entities

Adrian Portelli · Dubai · Project Get Out · LMCT+ · Ape Law

Timeline

  1. 5 days ago

    [BUSINESS] 2 sources
    Adrian Portelli relocates to Dubai citing Australian tax concerns

    Billionaire Adrian Portelli has moved to Dubai, citing harsh Australian tax settings and regulatory issues as primary drivers for his relocation.

  2. 28 days ago

    [BUSINESS] 2 sources
    Adrian Portelli relocates to Dubai, citing Australian tax and leadership concerns

    Billionaire Adrian Portelli has moved to Dubai, criticizing Australia’s tax regime and political leadership while maintaining strong ties to his home country.

Sources

smartcompany.com.au · smh.com.au · theage.com.au · thenightly.com.au