The results of the ‘Special Wealth Migration Report 2023’ have been published by the international residency and citizenship consultancy firm Henley & Partners. According to the report, it was stated that the number of people with 1 million dollars and above is 44 thousand 500 people, the number of cent millionaires is 145 people and the number of billionaires is 18 people. In the report, which stated that 300 millionaires moved to Turkey in 2022, it was pointed out that the United Kingdom will deal with a bigger net millionaire exit problem than Russia in 2023. Noting that a record number of investment transition program inquiries were received in the first quarter of 2023, Henley & Partners Turkey Director Burak Demirel said that Portugal’s Golden Residence Permit Program continues to be the most popular program in 2023, and that Italy, which is in the top five with increasing popularity this year, He stated that ‘s Residence by Investment Programme, Greece’s Golden Visa Program and Spain’s Residence by Investment Program follow their Mediterranean counterparts.
Providing citizenship and residency consultancy services through international investment, Henley & Partners has announced the results of the “Private Wealth Migration Report 2023” in partnership with New World Wealth, a global wealth intelligence company that systematically monitors private wealth migration trends over the past decade. According to the Private Wealth Migration Report 2023 by Henley & Partners, which follows the trends of private wealth and investment migration worldwide, it is stated that 3 thousand high-net-income individuals projected for Russia will move in 2023, while the United Kingdom will have 3 thousand 200 high-net-worth individuals this year. It is estimated that the valued individual (HNWI) will see the net output.
THERE ARE 44 thousand 500 millionaires in Turkey
Focusing on people with investable wealth of $1 million or more, the report only includes net inflows and outflows of dollar millionaires from countries in the most recent projected 2023, the difference between the number of wealthy people settling in a country and the number of people immigrating from a country. In the report, it is stated that 300 millionaires moved to Turkey in 2022; It was stated that 44 thousand 500 people with a fortune of 1 million dollars and above, 145 people are centi millionaires and 18 people are dollar billionaires in Turkey.
AUSTRALIA IS AT THE TOP IN 2023 WITH MILLIONARY ENTRY
In the 2023 report, in which Australia is expected to attract the earnings of 5,200 high-net-worth individuals (HNWI), the United Arab Emirates (UAE) fell to the 2nd place after a record-breaking 5,200 influx in 2022, although this year it fell to about 4,500. It is expected to generate millionaire net inflows. Singapore will be ranked 3rd among the highest recorded countries with around 3,200 high-net-worth individuals inflows in 2023. It was announced that Switzerland will be in the 4th place with 1,800 net millionaire entries, Canada will be in the 5th place with 1,600 net entries, Greece will be among the top ten with 1,200, France with 1000, Portugal with 800, and New Zealand with 800 estimated millionaire entries. Israel’s net millionaire inflow of 1,100 in 2022 was predicted to drop from the top 10, almost half to 600 this year.
STABLE GROWTH IN MILLIONARY MIGRATION
Henley & Partners CEO Dr. Henley & Partners said there has been a steady growth in millionaire immigration over the last decade, with global forecasts expected to be 122,000 and 128,000 for 2023 and 2024, respectively. “Overall, private wealth migration trends seem to return to pre-pandemic patterns this year; Australia is reclaiming the top spot in net inflows, as in the five years before the Covid outbreak, and China is seeing the biggest net outflows it has ever had, like every year for the past decade. Notable exceptions are former wealth magnets, the UK and the USA.” used the phrases.
Stating that a record number of investment transition program inquiries were received in the first quarter of 2023, Burak Demirel, Turkey Director of Henley & Partners, stated that this was a 36 percent increase compared to the previous quarter and a 47 percent increase compared to the same period of 2022. Demirel said, “At the moment, the top two countries driving demand are Indians and Americans, while the British and South Africans remain in the Top 10 as they have been for the last five years.” said. Portugal’s Golden Residence Permit Program remains the most popular in 2023, followed by Austrian citizenship by investment and St. Stating that Kitts and Nevis’ Citizenship by Investment Program is coming, Demirel said, “Canada’s Entrepreneur Visa Program is the fastest way for entrepreneurs and wealthy individuals to access Canadian residence and the North American market. Italy’s Residence by Investment Program, which has increased in popularity this year and is in the top five, comes right after Greece’s Golden Visa Program and Spain’s Residence by Investment Program and its Mediterranean counterparts.” said.
“BREXIT REDUCED ENGLAND’S ATTRACTION”
In the report, which stated that the UK’s highest net exit year was 2017 after the Brexit referendum in 2016, it was stated that while net losses decreased slightly between 2017 and 2019, a much more significant millionaire exit was on the way in the forecast for 2023. Saying that the data independently confirms the trend of high net worth individuals to leave the UK, Prof. Trevor Williams, “Brexit, coupled with a policy change to remove taxpayer status from permanent residents, has made the UK less welcoming and welcoming to the wealthy.” He used his expressions.
HARD FALL IN ATTENTION TO THE USA
In the report, it is stated that the attractiveness of the USA is rapidly decreasing; America is particularly less popular with millionaires migrating today than it was before Covid, perhaps partly due to the threat of higher taxes. The country attracts more HNWI than it loses due to immigration, with a projected 2,100 net inflows for 2023. However, it was stated that this number is a big decrease compared to 10,800 net millionaire entries in 2019. Underlining that America is the obvious target of wealth migration due to its technology, leadership and much-lauded freedoms, author and investment expert Jeff D. Opdyke said, “The United States is trying to resemble the United Kingdom, which has a clear HNWI immigrant exit due to the economic effects of its own cause, known as Brexit. it can start. Wealth migration has always been about keeping wealth out of danger while chasing more opportunities.” said.
MOST MILLIONARY EXITS IN CHINA
It was stated that as in the last ten years, China continues to lose its largest number of dollar millionaires every year due to immigration. Noting that the overall wealth growth in China has slowed over the past few years, which means that the recent exits may be more damaging than usual, Andrew Amoils, Head of Research at New World Wealth, said, “The Chinese economy has grown strongly from 2000 to 2017, but since then the country’s economy has grown strongly. “Wealth and millionaire growth are negligible when measured in dollars.” Stating that despite being the world’s second biggest loser, India’s net exit figure is estimated to decrease from 7,500 in 2022 to 6,500 in 2023, Andrew Amoils said, “As India produces many more new millionaires than it loses due to immigration, exits are not particularly alarming.” said
With net outflows of 1,200 in Brazil, 1,000 in Hong Kong, 800 in South Korea with double the net outflow in 2022, Mexico 700, South Africa 500, and Japan 300, the top 10 millionaire losers estimated worldwide in 2023. said to make up the rest.
‘CAUTION AGAINST CUMERAL INSTABILITY FROM INVESTORS’
Investors; Stating that they are considering relocating their families for a variety of reasons, from security to education and healthcare, climate resilience and even crypto-friendliness, Dominic Volek, Head of Private Clients at Henley & Partners, said: “Nine out of the top ten countries for estimated net HNWI entries in 2023 will be direct foreigners in exchange for a right of residence. It is important to note that it hosts official residency programs by investment that encourage investment and in some cases can also lead to citizenship. Investors now see the net worth of diversifying their residential portfolios as the ultimate safeguard against regional and global instability, both now and in the future.” said.
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