[Survive The News] The United Kingdom’s suppressive policies have consequences — with some wealthier individuals seeking greener pastures.
On June 24, Forbes reported that the U.K. is facing a massive transfer of wealth out of the country, "the largest single-year exodus of wealth ever recorded."
| How many of them were previously French citizens who had fled predatory socialist government policies there for the welcome of London’s “City”? |
Projections indicate 16,500 high-net-worth individuals — those whose "liquid investable wealth [is worth] $1 million or more" — are seeking residency in other countries.
Founder of Apex Capital Partners Nuri Katz helps people like this by offering guidance should they wish to relocate.
Katz stated this shift doesn’t signal that the upper class is fleeing in terror so much as it is making a backup plan that can be used when needed.
"These people are not actually leaving the U.K. They are simply getting paperwork in different countries, but aren’t necessarily making the move," Katz clarified.
"To have one million dollars in liquid assets, basically money in the bank, generally you’d have to be worth close to $10 million," he explained of the criteria to be considered a high-net-worth individual.
Forbes, citing the study released by Henley & Partners, wrote that only 30 percent of high-net-worth individuals "opt for investment migration programs," with most choosing "work visas, ancestry visas, retirement visas, family visas, or... birthright second passports." |