Interest is picking up with Ultra high-net worth investors (UHNWI) with second passports and dual nationality.
Data from Knight Frank Attitudes Survey 2019 indicates that
- 36% of UHNWIs already hold a second passport, up from 34% last year, and
- 29% are considering for second passports
- 26% planning to emigrate permanently, up from 21%.
A record 26% of global UHNWIs will begin to plan for emigration this year, seeking citizenship and residency through investment schemes.
The footprint of the ultra-wealthy is also growing larger when it comes to property investment.
The total UHNWIs existing worldwide increased to 250,000 in 2019. UHNWI are those who have net assets of $30 million or more.
Asian countries will see the biggest growth in UHNWIs over the next five years. India leads with 39% growth, followed by the Philippines (38%) and China (35%).
India is witnessing a substantial rise in personal wealth. The country’s UHNWI population has grown by 30% in the past five years.
Source: Knight Frank Wealth Report 2019
Survey
Dual citizenship is quite common in many countries, can be acquired through ancestry, marriage, birthright, and investments
What percentage of your clients have a second passport or dual nationality?
The Global average s 36%
| Latin America | 71.00% |
| Middle East | 41.00% |
| Russia & CIS | 39.00% |
| Europe | 32.00% |
| North America | 30.00% |
| Africa | 29.00% |
| Asia | 26.00% |
| Australasia | 24.00% |
Russia & CIS
What percentage of your clients are considering to acquire second passport or dual nationality?
The Global average is 29%
| Latin America | 54.00% |
| Russia & CIS | 42.00% |
| Africa | 32.00% |
| Middle East | 29.00% |
| Asia | 27.00% |
| North America | 22.00% |
| Europe | 21.00% |
| Australasia | 8.00% |
What percentage of clients are considering to permanently emigrate to another country?
| Latin America | 65.00% |
| Russia & CIS | 31.00% |
| Asia | 25.00% |
| Middle East | 24.00% |
| Africa | 23.00% |
| Europe | 21.00% |
| North America | 17.00% |
| Australasia | 6.00% |
Which are the Top 5 emigration destinations?
- United States
- United Kingdom
- Canada
- Australia
- Switzerland
What percentage of your clients are planning to buy property outside the country in 2019/20?
| Latin America | 65.00% |
| Russia & CIS | 31.00% |
| Asia | 25.00% |
| Middle East | 24.00% |
| Africa | 23.00% |
| Europe | 21.00% |
| North America | 17.00% |
| Australasia | 6.00% |
Which are the Top 5 countries to invest in property?
- United States
- United Kingdom
- Spain
- Australia
- France
