The "2022 Global HNWI Inflow and Outflow Data Forecast Report" released by H&P shows:

Throughout 2022, 88,000 millionaires will move to other countries.

And next year, there will be the largest migration of millionaires in history, the number of up to 125,000 people.

Immigration data for HNWIs is an excellent barometer of the state of the economy and future trends.

Countries that attract wealthy individuals and families to immigrate tend to be strong, with low crime rates, competitive tax rates and attractive business opportunities.

Which countries are these millionaires moving to and where in the world are they from?

01

Which countries are millionaires leaving?

Data shows that the number of high-net-worth individuals has been on an upward trend over the past decade, but declined in 2020 and 2021 due to the Covid-19 pandemic.

With the advent of the post-epidemic era, in order to adapt to the new world situation and cope with climate change, more and more high-net-worth families have begun to choose investment immigration.

For example, the United Kingdom, once known as the world's financial center, continues to decline in the number of millionaires, with a net outflow of 1,500 people expected in 2022. Another financial giant, the U.S., is also rapidly losing its appeal, though the country still attracts more wealthy people than it loses immigrants, with a net inflow of 1,500 expected in 2022.

Here are the top 10 countries for millionaire outflows:

02

Which countries have millionaires immigrated to?

H&P said that due to the impact of the new crown epidemic, as well as social unrest and instability in many countries/regions around the world. Many HNWIs have acquired residency or citizenship in other countries through investment.

Among them, most countries obtain identity through real estate investment. In addition to obtaining identity, they can also obtain advantages such as real estate appreciation, rental income, education taxation, etc., which can be said to serve multiple purposes with one stone.

The UAE is the focus of intense attention from the world's millionaires, and the report expects the net inflow of high net worth individuals to the UAE to reach 4,000 in 2022, the highest in the world.

In addition, the new crown epidemic has not affected the increase in the number of Singapore's richest people, and it is expected that by the end of 2022, there will be 2,800 millionaires in Singapore.

At present, among the top 50 richest people in Singapore, there are a total of 8 new immigrants from China, with a total wealth of US$73.56 billion, accounting for 35% of the total wealth.

Even though Singapore has raised the investment threshold for family offices, their popularity is still unabated. The queue time is at least 8 months, compared with 4 months a year ago.

Here are the top 10 countries where millionaires have flowed into:

The report also points out the most popular investment immigration programs, which are:

Portugal Golden Residence Permit Program

St Kitts Nevis Citizenship by Investment Program

Greece Golden Residence Permit Program

Turkish Citizenship by Investment Program

In March this year, the European Commission proposed to phase out the "golden passport" program and to impose stricter regulations on the "golden visa" program.

Immigration policies are changing rapidly. It is recommended that investors who intend to invest and immigrate should make plans as soon as possible, seize opportunities, submit applications as soon as possible, and act immediately is the best policy!