Saturday, November 9, 2024

Asia’s rich looking for Citizenship in Europe

Asia is producing more millionaires and billionaires than anywhere else in the world and these uber rich, want to immigrate to rich economies with better lifestyle in the New World, not to mention, “The best money can buy – passports and green cards”.

Chinese are the leading HNW investors  in United States EB-5, Canada Quebec and Portugal with over 80% of visas goes to Chinese.  Chinese also are leading investors in CIP passport programs in the Caribbean (Antigua, St Kitts, Dominica etc).
Now that quotas almost full for EB-5  and Quebec, significant number of Chinese are expected to turn their attention towards European programs.  Currently Spain, Portugal, Greece, Belgium offer golden visas in Europe for €500,000 property investment.

Malta offers full EU citizenship for €1 million and Cyprus for €2 million euros. United Kingdom offers permanent residency for £2 million pounds and Ireland offers residency for €500,000 euros.

A number of wealthy indians, south africans, arabs have shown significant interest in acquiring citizenship in Europe through investment besides chinese.

Credit Suisse’s “Global Wealth in 2015” measured the number of millionaires in the world. According to the report, the US has 15.7 million millionaires, highest in the world.

Number of millionaires by country
Rank Country Number of
Millionaires
% of adult
population
1  United States 15,656,000 6.4%
2  United Kingdom 2,364,000 4.9%
3  Japan 2,126,000 2.0%
4  France 1,791,000 3.7%
5  Germany 1,525,000 2.3%
6  China 1,333,000 0.1%
7  Italy 1,126,000 2.3%
8  Canada 984,000 3.6%
9  Australia 961,000 5.7%
10   Switzerland 667,000 10.8%
11  Taiwan 414,000 2.2%
12  India 185,000 0.0%
13  Brazil 168,000 0.1%
14  Singapore 142,000 3.5%
15  Mexico 122,000 0.2%

 

HNWI Wealth Distribution (by Region)
Region HNWI Population HNWI Wealth
Global 12 million $46.2 trillion
North America 3.73 million $12.7 trillion
Asia-Pacific 3.68 million $12.0 trillion
Europe 3.41 million $10.9 trillion
Latin America 0.52 million $7.5 trillion
Middle East 0.49 million $1.8 trillion
Africa 0.14 million $1.3 trillion

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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