Former heavyweight world champion Anthony Joshua has relocated his £150 million business empire from the United Kingdom to Dubai.
The British Nigerian boxing star confirmed in corporate filings that he is now resident in the United Arab Emirates, marking a significant shift away from the UK where he built his boxing career and expanded his business interests.
According to reports by the Daily Mail, paperwork submitted for two of Joshua’s companies, Sparta Promotions Limited and 258 Investments Limited, now lists the UAE as his official country of residence.
The filings form part of regulatory requirements in which company directors must disclose their place of residence.
Dubai has become a major destination for wealthy athletes and entrepreneurs due to its favourable tax environment, including the absence of personal income tax.
Joshua previously declared dividend payments of £10.1 million in 2024 and £6.3 million in 2023, which would typically be subject to UK tax.
His promotional company, Sparta Promotions, also recorded profits of £20.396 million in 2024 and paid £6.65 million in UK corporate tax during the same period.
Joshua has maintained close ties with Dubai for years, frequently visiting the city for training camps, holidays and promotional engagements with brands he represents.
The emirate’s world class sporting infrastructure has made it an attractive base for several international athletes.
The move places him among a growing list of wealthy British figures who have relocated abroad, including Manchester United owner Jim Ratcliffe and easyJet founder Stelios Haji Ioannou, both of whom reside in Monaco.
Joshua’s uncle, Adedamola Joshua, confirmed that the relocation had taken place months earlier.
“He has already moved to Dubai. He doesn’t need to inform us before making such a move, but I know he moved a while ago, talking of months back now,” he was quoted as saying by Punch Newspapers.
Joshua, who was born in Watford to Nigerian parents, rose to global prominence after winning gold for the Great Britain Olympic boxing team at the 2012 London Olympics before becoming a two time heavyweight world champion.
His relocation comes despite ongoing tensions in the Middle East, including security concerns linked to the broader regional conflict involving Iran.
The move signals the end of an era for the British Nigerian boxing star in the UK as he shifts his base and business interests to the Middle East.
Rubyjeana Erizia
Follow us on:
