🇬🇧 UK is experiencing a record-breaking outflow of wealthy individuals, with an estimated 16,500 high-net-worth individuals leaving in 2025.

The UK is indeed experiencing a significant outflow of wealthy individuals, with an estimated 16,500 high-net-worth individuals expected to leave in 2025. This record-breaking exodus is attributed to various factors, including changes in tax policies and visa regulations.

Reasons Behind the Exodus:

Tax Reforms: The UK government's decision to scrap the non-domicile tax regime and introduce a stricter residence-based tax system has contributed to the outflow. Wealthy foreigners who have lived in the UK for more than four years are now subject to UK income and capital gains taxes on their global earnings, as well as a 40% inheritance tax on their worldwide assets.

Visa Policy Changes: The termination of the Tier 1 investor visa in 2022 has also played a role in the decline of wealthy individuals in the UK.

Economic Factors: High rental costs, council taxes, and other expenses have made it challenging for high-net-worth individuals to maintain their lifestyle in the UK.

Top Destinations for Departing UK Millionaires:

United Arab Emirates: Expected to attract a net inflow of 9,800 millionaires in 2025, driven by attractive golden visa options and a business-friendly environment.

United States: Forecast to receive a net inflow of 7,500 high-net-worth individuals, despite facing economic challenges.

Italy: Projected to gain 3,600 millionaires, thanks to its favorable tax regime and lifestyle appeal.

Switzerland: Expected to attract 3,000 millionaires, driven by its stable economy and investment-friendly environment.

Portugal and Greece: Also expected to benefit from the UK's wealth exodus, with forecast net inflows of 1,400 and 1,200 millionaires, respectively.#SpotVSFuturesStrategy $ETH