UK continues to be top destination for affluent investors

March 12, 2015
UK witnesses a huge rise in foreign investor's number

The United Kingdom continues to be leading destination for investor visa applications from wealthy applicants, who hold a net worth of at least 1 million, over the previous decade, according to the report. 

In line with the wealth report by leading international consultancy Knight Frank, which includes exclusive data offered by international immigration specialist Fragomen, over the decade, i.e. till 2013, the UK has received 114,100 high net worth individuals when compared to Singapore, by 45,000. 

Over 60% of those are from Europe, but a considerable numbers are also arrived from Russia, China, India, the Middle East countries particularly Syria, Saudi Arabia and Turkey as well as Africa led by South Africa, Nigeria as well as Egypt.

Sources said the major story in terms of prosperity exporting nations is certainly China. It is expected that 76,200 Chinese millionaires emigrated or obtained alternative citizenship during the period of 2003 to 2013. 

When coming to Asia, Singapore has witnessed a robust migration of HNWIs from India, Indonesia and China. Influx of immigrants into the US mostly arrives from the UK, Russia and India; even though Fragomen specifies that the US EB5 program sees a record number of applicants coming from China in previous year.

Affluent immigrants from India prefer to move UK, Australia and the US. French as well as Italian HNWIs favor Switzerland as well as the UK. Nearly 73,000 Russians obtained overseas passports during 2013-14, the greater part of the HNWIs between them emphasizing on the UK as well as the US.

Nigerians have been a rising source of demand for investor program, with Citizenship by Investment Program of Federation of St. Kitts and Nevis a prominent target.

Apparently it was also observed that the government is enduring to view of rising interest in citizenship as well as residency planning for high-net worth applicants from all over the globe.

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