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Laxman Pai, Opalesque Asia: The UAE has become the focus of intense interest among affluent investors and is expected to see the highest net influx of high-net-worth-individuals (HNWIs) s globally in 2022, with 4,000 forecast - a dramatic increase of 208% versus 2019's net inflow of 1,300 and one of its largest on record, said a study.
According to the Henley Global Citizens Report 2022, Russia has suffered the biggest emigration of millionaires over the past six months, with forecast net outflows of 15,000 by the end of 2022 - a massive 15 percent of its HNWI population and 9,500 more than in 2019, pre-pandemic.
Forecast figures in the Henley Global Citizens Report show the top 10 countries in terms of net inflows of HNWIs in 2022 will be the UAE, Australia, Singapore, Israel, Switzerland, the US, Portugal, Greece, Canada, and New Zealand.
Large numbers of millionaires are also expected to move to 'the three Ms': Malta, Mauritius, and Monaco. On the flip side, the 10 countries where the highest net outflows of HNWIs are predicted are Russia, China, India, Hong Kong, Ukraine, Brazil, the UK, Mexico, Saudi Arabia, and Indonesia.
According to the latest data, destinations that traditionally attracted wealthy investors are losing their luster.
The UK, once touted as the world's financial center, continues to see a steady loss of millionaires, with net outflows of 1,500 predicted for 2022. This trend began five years ago when the Brexit vote and rising taxes ...................... To view our full article Click here
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