Australia has been ranked as the # 1 nation for millionaire immigrants as per the Global Wealth Migration Review 2019. This has been revealed by the data of New World Wealth consultancy.
The report says
that 12,000 millionaire immigrants
arrived at Australia and 10, 000 at the US in 2018. These nations have been
consecutively named as top nations in the global immigration wish lists.
Australia earned
the # 1 position for millionaire immigrants due to several factors. These
include growing economy, first-class
healthcare system, strong school system, and low crime rate.
Australia has
also been named as the safest nation in the world for women by the same report
for the second consecutive year.
The Johannesburg
based global market research group released the study on immigration of
wealthiest individuals globally last month. They analyzed factors influencing growth of wealth as a part of their study. This
includes the safety of women, press freedom and economic growth, as quoted by
the Business Insider.
Australia has
been ranked # 1 in the report ahead of the US for the 4th consecutive year. The
research team analyzed roughly 108,000
millionaire immigrants globally in 2018. This was an increase of 14% in
2017.
The top 10
nations that experienced the highest increase in millionaire immigrants in 2018
are:
• Australia
• The US
• Canada
• Switzerland
• The UAE
• Caribbean Islands
• New Zealand
• Singapore
• Israel
• Portugal
The largest
cities in Australia are amongst the safest globally according to the report.
They are also considered to have more preferable ambiance for raising children.
The report adds that millionaires tend to move to the biggest cities in Australia.
These include Brisbane, Perth, the
Sunshine Coast, the Gold Coast, Melbourne, and Sydney.
Though Australia
has high rates of tax generally, it does
not have an inheritance tax. It potentially persuades millionaires to
remain in the nation and build the estate of their family.
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If you are
looking to Study, Work, Visit, Invest or Migrate to Australia, talk
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