A significant shift is underway as wealthy entrepreneurs increasingly leave Western markets for more stable jurisdictions abroad. According to Millionaire Migrant founder Jeremy, this “Entrepreneurial Great Wealth Flight” is driven by political uncertainty and enhanced immigration pathways that make multi jurisdictional living practical for wealth preservation.
The United Arab Emirates and Saudi Arabia have emerged as top destinations, with the UAE’s golden visa program proving particularly successful. Singapore remains a wealth management hub while Malaysia and Thailand attract younger entrepreneurs with friendly visa frameworks. African entrepreneurs are also participating, establishing secondary bases in global hubs while maintaining commitment to home continent development.
Jeremy noted that initial interest often stems from tax efficiency, but political concerns frequently drive final decisions. “Tax efficiency draws their initial interest, but political policies often drive their final decision,” he observed, highlighting declining trust in Western governments.
Golden visa and citizenship by investment programs have dramatically simplified relocation, though risks remain including legislative changes and complex tax compliance. Host countries like Dubai and Portugal benefit tremendously from capital inflows that spur economic growth and community revitalization.
Wealth mobility is evolving toward strategic borderless living rather than permanent relocation, with countries now competing for talent through efficient residency programs that offer both security and opportunity.
Source: newsghana.com.gh
