The latest data provided by the Henry Global Citizen Report shows that Switzerland, Portugal and Greece rank among the top ten in terms of net inflows of high net worth individuals (HNWIs) in 2022. It also shows that for non-EU countries, the top ten countries in the world also include the United Arab Emirates, Singapore , Israel, the United States, Canada and New Zealand . According to the Henry Global Citizen Report, large numbers of millionaires are expected to move to Malta Mauritius and Monaco . At the same time, the top ten countries/regions with net outflows of high net worth individuals are Russia, Hong Kong, India, Ukraine, Brazil, the United States, Saudi Arabia, Mexico and Indonesia.
In response, the CEO of Henley and Partners emphasized that immigration of wealthy individuals had been on the rise in the past few years before declining in 2020 and 2021 due to the rapid spread of the coronavirus and its new variants. Steffen emphasized that the forecasts for 2022 show an extremely volatile environment in countries around the world, stressing that by the end of this year, 88,000 millionaires are expected to move to new countries, or 22,000 fewer millionaires compared to 2019 figures. A total of 110,000 people moved. Next year will see the largest influx of millionaires ever immigrated, with an estimated 125,000 wealthy investors and their families preparing in earnest for a new post-COVID-19 world where the rearrangement of the global order is yet to be revealed.
The report for the second quarter of this year, published by International Residential and Citizenship by Henley and Partners, contains the latest projected new inflows and outflows of USD millionaires from the New World Wealth Forecast. The data provided by HNWIs focus on people with wealth above $1 million, people who have moved, and people who have stayed in the new country for more than half a year. Data provided by the same source showed that Russia has experienced its worst outflow of millionaires in the past six months, with a net outflow of 15,000 expected by the end of the year. At the same time, due to Russia's invasion of Ukraine, the latter is expected to suffer the highest net losses in the country's history, reaching 2,800 millionaires, compared with 2,400 net losses in 2019.
Due to the blockade restrictions caused by the epidemic, rich people are unable to move around the world. According to a survey, nearly 25% of ultra-high-net-worth individuals plan to apply for a second identity to cope with risks, and this number has increased by 50% in one year. In the post-epidemic era, having a second identity has become an indispensable part of investment, life, education and other aspects. A high-value second identity with advantages such as global access, asset allocation, tax planning, and educational shortcuts can provide more choices and protection for life. Becoming a "global citizen" with "multiple identities" is safer and is also one of the important strategies for protecting wealth.
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