Dominic Volek, Group Head of Private Clients at Henley & Partners, sheds light on the intriguing world of citizenship by investment. He discusses why many expats are opting for new passports, often seeking better tax policies and living conditions. Volek reveals which countries offer the most attractive Golden Visas, like Greece and Malta, and highlights the motivations behind these shifts, including lifestyle improvements and educational benefits for families. Discover how investing can transform your residency and enhance your future.
Investment migration is increasingly popular among high-net-worth individuals seeking enhanced flexibility and security in uncertain global conditions.
Young professionals are attracted to countries like the UAE for tax benefits and career opportunities amidst rising living costs at home.
Deep dives
The Impact of AI on Business Strategies
AI is transforming business operations across various industries by enhancing productivity and accelerating decision-making processes. Companies that overlook the significance of AI risk falling behind their competitors who are already harnessing its capabilities. The requirement for substantial computing power to run AI implementations poses a financial challenge, particularly with traditional cloud platforms. However, the Oracle Cloud Infrastructure (OCI) offers a compelling solution, showcasing cost savings that significantly benefit businesses looking to integrate AI into their processes.
Investment Migration and Its Popularity
The concept of investment migration, where individuals can obtain residency or citizenship in another country through financial investments, is gaining traction among high-net-worth individuals. Factors driving this trend include the desire for increased flexibility and security in an uncertain global landscape. Many affluent families prioritize options that allow them to diversify their domiciles, thus providing safety from political or economic turmoil in their home countries. A notable surge in interest from Americans reflects their need for alternative residency or citizenship options, especially as recent events have highlighted vulnerabilities in their current arrangements.
Attractive Residency Options for Young Professionals
Young professionals are increasingly seeking opportunities abroad to improve their lifestyle and career prospects, often motivated by high living costs in their home countries. Destinations like the UAE, particularly Dubai, have emerged as popular choices due to their tax benefits and job opportunities. Additionally, countries like Malta and Greece attract younger individuals with favorable visa programs and a high quality of life. The rise of digital nomad visas across various regions offers further flexibility, allowing young workers to relocate without requiring substantial financial commitments.
Want a different passport? Wish you lived somewhere with a better tax policy or even better weather? With enough money, it is possible. It’s called citizenship by investment, a process of gaining permanent residency by purchasing property or investing in the economy. On this week’s episode of Merryn Talks Money, host Merryn Somerset Webb speaks with Dominic Volek, group head of private clients at Henley & Partners, about why expats are deciding to move—and which countries have the best offers.