Millionaires from around the world want to move to Malta, a new survey has discovered.
It’s claimed the lure of good schools, the ease of buying property and the ability to travel freely within the European Union means increasing numbers of the super-rich from Russia, China and India want to become citizens of Malta.
Resettlement advisers Lio Global carried out the research, which showed the USA and Singapore trailed behind Britain as the top destination for so-call ‘high-net-worth individuals’.
However, Malta ranked highly in the survey.
The main reason people apply for a second residence or citizenship is to ensure freedom of global mobility and access, as well as security and wealth protection for their families.
The majority of investors are typically looking towards the EU. Cyprus and Malta, in particular, are very popular as they offer direct citizenship without long waiting or residence periods.
‘Portugal’s Golden Residence Visa, as well as the Hungarian Residence Bond programme have also seen significant interest, as they offer investors residence in exchange for a smaller investment in comparison to Malta’.
The study revealed that more millionaires left China over the past 14 years than anywhere else.