Estimated 142,000 Millionaire This year is ready to move to a new country, with UK Set a set to lose Record 16,500 in the coming 12 months.
With a decade’s poor economy performance and sweeping Tax Improvements introduced by conservative and Labor Government, A rich person is looking for tax -friendly courts Like UAEMonaco and Malta.
According to the latest Henley Private Wealth Migration Report, UK is ready to lose twice as individuals with many high net worth as China, and ten times more as Russia.
CEO of Henley & Partners Dr. Jurg Stephen said: “2025 marks a significant moment. For the first time in a decade of trekking, an European country leads the world in millionaire outflows.
“This is not only about changes in tax rule. It reflects a deep perception between the rich that lies more and more opportunities, freedom, and stability elsewhere.
“Long -term implications are important for Europe and UK’s economic competition and investment appeal.”
The plan to an ax ax to the non-dome situation was suggested by the previous Tory government, but was declared by the Treasury in April, which means that foreign earnings will be taxed for the rich people living in the UK.
Chancellor put forward under new rules by Chancellor Rahel reevesRich foreigners who have lived in Britain for more than four years will pay Britain’s income and capital gains taxes. If they live in the country for at least 10 years, then their world will be subject to property. inheritance tax At 40 percent.
Meanwhile, Nigel Faraj’s reform party has announced There is a plan to introduce a ‘Robin Hood Tax’, Which will allow rich people to pay a single fee of £ 250,000 to attract the rich in the UK.
FXGuard President and co-founder and former Chief Economist Professor of Commercial Banking, Trevor Williams, says that the UK’s economy has performed poorly in the last decade, and is the only nation in the world’s 10 wealthiest countries (W10), which has seen negative millionaire development.
“Since 2014, the global average growth of W10 decreased by 9 percent of the residents in the UK compared to +40 percent. In the same period, the US saw a 78 percent increase in millionaires -the fastest money increase between the W10.”
Britain is not the only European country to see a decrease in its millionaire with France, Spain and Germany, which expects to see the migration of 800, 500 and 400 respectively.
Meanwhile, Switzerland, Italy, Portugal and Greece are ready to attract a record numbers of rich individuals, which are operated by large -scale favorable taxes, lifestyle appeals and active investment migration programs.
Andrew Emils, head of research at New World Wealth, said: “If someone reviews the fastest growing money markets in the world in the last decade, it is worth noting that most of these countries are either popular destinations for migration of millionaires – such as Montenegro, UAE, Malta, USA, and Costa Rika Rika – or Ungate Market -Hobbs like China, India.
“It shows the importance of millionaire migration in running a new money formation in a country.”
Attractive Golden Visa options have ensured that the world’s most demanded destination for UAE millionaires remains on growth with Saudi Arabia as well.
