A social media thread comparing Singapore and Dubai is gaining traction online. Alessandro Palombo, who has lived in Dubai for four years and launched two businesses in Singapore, shared insights from his journey to help entrepreneurs and expatriates choose between the two cities. On X, he referred to Dubai as the "tax-free oasis (in Lamborghinis)", while he called Singapore "the billionaire's hub (in flip-flops)".
In his post, Mr Palombo noted the remarkable transformations both cities have undergone. While Singapore transformed from a fishing village into a global powerhouse, Dubai swiftly evolved from a desert into a luxury metropolis. "Both have seen incredible rapid growth," he said.
Take a look at the post below: In the following post, Mr Palombo shared some key statistics. He pointed out that Singapore is the safest city in the world with a maximum tax rate of 22% and ranks as the fourth largest financial hub globally. Dubai, on the other hand, is the fourth safest city in the world, boasts a 0% personal tax rate and has introduced a new 9% corporate tax with exemptions.
"Both have specific perks," he wrote. In the next tweet, Mr Palombo discussed the daily life in two cities, noting that both offer distinct experiences shaped by their unique cultures and lifestyles. According to him, Singapore offers a relaxed lifestyle with a blend of urban living and nature, along with top-notch healthcare and education.
In contrast, Dubai is a place with a "strategic timezone" wher.
