"An estimated 35% of high-net-worth individuals are actively considering relocating to lower-tax jurisdictions, according to new data from deVere Group . The firm, which advises around 80,000 predominantly wealthy clients across the UK, Europe, Australia, Asia and Africa, reports a sharp increase in enquiries about changing tax residency, reviewing domicile status and restructuring cross-border business operations. Nigel Green, chief executive of deVere Group, described the trend as an acceleration of what he calls the "Great Wealth Migration"."
"First, jurisdictional risk has become a core wealth consideration.Changes to capital gains tax, inheritance frameworks and preferential tax regimes in several developed economies have heightened awareness of how quickly fiscal conditions can evolve. Families are seeking to reduce exposure to a single tax or political system by diversifying residency and legal structures. "Policy direction can shift within a single political cycle," Green said. "Families want certainty and structural flexibility.""
An estimated 35% of high-net-worth individuals are actively considering relocating to lower-tax jurisdictions. Around 80,000 predominantly wealthy clients across the UK, Europe, Australia, Asia and Africa show a sharp increase in enquiries about changing tax residency, reviewing domicile status and restructuring cross-border business operations. The trend is labeled the 'Great Wealth Migration' as high-net-worth individuals reassess where to base themselves and assets in response to tax changes, geopolitical tension and policy unpredictability. Conversations have shifted from tax optimisation toward risk mitigation, with rising demand for second residency rights, corporate re-domiciliation and cross-border restructuring. Jurisdictional risk and defensive relocation are key drivers.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]