Henley Report: At least 8,000 super rich Indians likely to migrate from India this year: Henley Report

Around 8,000 high-net-worth individuals are expected to leave India this year, according to a Henley survey report.

Strict tax rules and reporting requirements in India, as well as the need for stronger passports, remain the primary factors driving the migration, according to the 2018 Henley Global Citizens Report, which follows private wealth and investment migration trends globally.

More and more young entrepreneurs are exploring global business and investments. While demonstrating an ever-increasing risk appetite, according to the report.

Where are they migrating- Henley?

EU countries, as well as traditional favorites Dubai and Singapore, are gaining popularity among Indians.

While Singapore is a popular choice for digital entrepreneurs and family offices. Due to its robust legal system and access to world-class financial advisors. The Dubai Golden Visa has emerged as a winner in some circles. It is due to its ease of acquisition and the numerous options it provides.

According to the Henley Private Wealth Migration Dashboard, the UAE is predicted to draw the greatest net inflow of HNWIs globally in 2022 (at least 4,000).

Singapore is ranked third. Australia (3,500), with net inflows of 2,800 predicted this year.

Israel is ranked fourth on the list, with a score of 2500, followed by Switzerland with a score of 2200, and the United States with a score of 1500.