Millionaires are moving wealth as shield against political conflicts (opens original article in a new tab)

Wealthy individuals are increasingly diversifying their residency and citizenship across multiple countries due to geopolitical tensions, taxation, and regulatory changes, with Singapore, New Zealand, and the UAE emerging as top destinations.

• Geopolitical tensions, taxation, and regulatory changes are driving wealthy individuals to diversify their residence and citizenship across multiple jurisdictions.
• Singapore, New Zealand, and the UAE are top destinations for wealth migration, while countries like the UK and Germany face competitiveness challenges.
• The US remains a major wealth creator but sees high demand for international residency and citizenship options due to tax and immigration complexities.
• Wealthy individuals are building 'sovereign portfolios' to protect against political and economic risks by spreading their assets and residency across different countries.