The global political and economic situation has been turbulent recently. For wealthy people who are extremely sensitive to risks, immigration is the best way to seek a safe haven. Investment consulting firm Henley & Partners points out the "eight safe havens" favored by millionaires, namely the United Arab Emirates, Switzerland, Singapore, New Zealand, Australia, Malta, Mauritius and Morocco.
The eight safe haven countries have become important players in the global wealth sector. (Photo: Henley & Partners, New Immigrants Global News Chinese Editorial Team)
Henley & Partners, which has been paying close attention to immigration trends, has observed the countries with the largest net outflow of millionaires in the world in 2024: China, India, the United Kingdom, Russia and Brazil. Experts analyzed that the outflow of wealthy Chinese was mainly affected by factors such as slowing economic growth and increased geopolitical risks; wealthy Indians chose to leave their homeland due to tax policies and infrastructure issues, while the economic uncertainty after Brexit and high taxes also led to the loss of wealthy people.
Millionaires have a high sense of risk awareness and will quickly transfer funds and resources at the slightest sign of trouble. (Photo: Henley & Partners, New Immigrants Global News Chinese Editorial Team)
So, what risks do the wealthy consider when evaluating immigration? Henley & Partners' research points out that the "eight safe haven countries" have the following common characteristics:
★Political stability: These countries have stable political systems and good social security, which can provide a safe living environment for the wealthy and their families. For example, Switzerland has the status of a permanent neutral country and a complete legal system, making it the first choice for wealthy people around the world to seek safe haven.
★Sound finance: A sound financial system can ensure the safety of the assets of the wealthy. For example, Singapore is famous for its efficient and transparent financial supervision and stable monetary policy.
★High-quality environment: Most of the eight safe paradise countries have beautiful natural environment, complete infrastructure and high-level medical and educational resources, which can provide comfortable and convenient life for the wealthy. New Zealand's pure natural scenery and pleasant climate have attracted many wealthy immigrants.
★ Preferential tax rates: Some countries offer low tax rates or tax-free policies, which are extremely attractive to the wealthy. Morocco is a famous tax haven and does not levy personal income tax.
The rise of the "Eight Safe Havens" reflects the strong demand for security and stability among the world's wealthy in the face of uncertainty. In the foreseeable future, as the wealthy migrate, these countries are bound to play an important role in the global wealth map.
