Millionaires are Leaving the UK. Should You Too?

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Apr 14, 2025

Millionaires are exiting the UK at an alarming rate, driven by extreme taxes and a hostile environment toward wealth. Many are flocking to tax-friendly countries like Italy and Malta, seeking better economic conditions and personal freedoms. The discussion dives into the impact of this migration on the UK economy and addresses options for those looking to protect their wealth and pursue more favorable jurisdictions. Expatriation sentiment is shifting dramatically, emphasizing the need for strategic planning to navigate these changes.

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INSIGHT

UK Millionaire Exodus

Millionaires are leaving the UK faster than any other country, exceeding even China in relative terms.
This exodus is driven by tax changes, political instability, and a negative sentiment towards wealth.

ADVICE

Urgent Advice for UK Residents

UK residents should treat leaving as a priority (Plan A, not B).
Seek alternative locations and consider temporary relocation to escape high taxes.

INSIGHT

Relocation Trends

Many British citizens relocate within Europe, favoring countries like Italy, Malta, and Cyprus for tax benefits.
Some also consider citizenship by investment programs, especially in Commonwealth countries, for better passport options.

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In this episode, Mr Henderson shares that millionaires are leaving the UK in record numbers—one every 45 minutes. He discusses how tax changes, political instability, and anti-wealth sentiment are fueling the exodus, with many choosing European countries like Italy, Malta, and Cyprus.

The UK’s abolition of the non-dom regime, poor investment climate, and increasing hostility toward wealth creators are making it a place to leave—not to build. Mr Henderson outlines alternative countries with favourable tax systems, citizenship by investment programs, and places with greater personal freedoms.

Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.

We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.

No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.

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DISCLAIMER: The information in this episode should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.