Millionaires are bolting these countries more than any others
What reasons does Henley & Partners suggest for millionaires moving to new countries?
Henley & Partners suggests that the reasons for millionaires moving to new countries can vary, including factors such as business opportunities, lifestyle preferences, tax considerations, and safety concerns. The firm also notes that the migration of millionaires can be influenced by geopolitical tensions, economic uncertainty, and social upheaval. Additionally, high-net-worth individuals often seek access to top-tier healthcare, world-class academic institutions for their families, and jurisdictions offering better personal security and citizenship diversification options.
Which country is expected to see the highest net outflow of millionaires in 2024, and what is the projected number?
China is expected to see the highest net outflow of millionaires in 2024, with a projected number of 15,200. This is due to concerns over the country's economic trajectory and rising geopolitical tensions, leading wealthy individuals to seek safer havens for their wealth and families.
Which country is forecasted to be the most popular destination for millionaires in 2024, and what are the expected net inflows?
The United Arab Emirates (UAE) is forecasted to be the most popular destination for millionaires in 2024, with expected net inflows of 6,700 high-net-worth individuals. This marks the third consecutive year that the UAE has ranked as the top destination for migrating millionaires. The country's attractive policies, such as zero income tax, golden visas, luxury lifestyle, and strategic location, contribute to its popularity among wealthy individuals.