An advisory firm reckons that 35% of its HNW clients are actively considering relocating to another lower-tax country.
The DeVere Group claims that more than a third of its 80,000 clients are seeking advice on where to move.
It claims that wealthy clients, particularly from the UK, parts of Europe, Australia, and some Asian and African jurisdictions, are seeking to secure a lower tax burden.
The company said its estimates form part of the acceleration of what it calls the great wealth migration.
It said The United Arab Emirates continues to attract attention due to its zero personal income tax and long-term residency frameworks.
On top of that some European hubs and Asian financial centres offering regulatory stability are also drawing increased interest from internationally active families, the firm claimed.
It said entrepreneurs are evaluating corporate headquarters moves, alternative holding structures and operational re-domiciliation strategies to optimise after-tax returns and strengthen strategic positioning.
Nigel Green, CEO of DeVere Group, said: “High-net-worth individuals are reassessing where they base themselves and their assets in response to tax changes, geopolitical tension and policy unpredictability. This is structured, deliberate planning.”
He said previous waves of cross-border mobility were driven by expansion and growth opportunities. “Today’s movement reflects wealth preservation and asset protection priorities.
“Safeguarding generational wealth, ensuring operational continuity and reducing vulnerability to sudden legislative shifts are central motivations.”