The global movement of high-net-worth individuals (HNWIs) is reaching unprecedented levels, with new data revealing a sharp rise in international relocations. Economic uncertainty, geopolitical tensions, and shifting tax policies are driving this trend, as affluent families and business leaders prioritize financial resilience and personal security.
A recent report by Henley & Partners estimates that nearly 125,000 millionaires will relocate across borders in 2023, up from 88,000 in 2022. The United Arab Emirates, Singapore, and Switzerland remain among the top destinations, offering political stability, favorable tax environments, and robust wealth management ecosystems. Meanwhile, countries like China, India, and Russia are witnessing the highest net outflows, as their elite populations pursue opportunities abroad.
The rise in wealth migration underscores a broader shift in global wealth management strategies. Beyond tax optimization, HNWIs are increasingly attracted to jurisdictions offering lifestyle benefits, such as high-quality healthcare, education, and access to global markets. The growing popularity of residency-by-investment programs further reflects this trend, with nations like Portugal and Malta capitalizing on their competitive offerings.
Looking forward, the geopolitical landscape will likely continue to shape these patterns. As regulatory frameworks evolve and nations compete for global talent and capital, advisors and family offices must navigate an ever-complex web of considerations to safeguard and grow their clients' wealth in an interconnected world.
(Editors: admin)