10,000 Millionaires Are LEAVING the UK
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- čas přidán 27. 08. 2024
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Summary of this video:
💰 UK Millionaire Migration Trends
- UK is losing nearly 10,000 millionaires in 2024, double the previous year's exodus.
- Main reasons include tax changes and increasing crime rates.
- Destination countries include UAE, USA, Singapore, Canada, Australia, Italy, Switzerland, Greece, and Portugal.
🌍 Appeal of UAE for Millionaires
- UAE is attracting a significant number of millionaires due to zero taxes on capital gains, investments, and property.
- Ease of obtaining tax residency and business setup appeals to wealthy individuals.
- Growing preference among millionaires globally for jurisdictions with minimal taxation.
🇺🇸 Attraction of the United States
- Despite challenges, the US remains a magnet for millionaires seeking brand value and business opportunities.
- States like New York and California still attract despite local issues.
- Significant influx driven by the allure of the American brand and lifestyle.
🏝️ European Destinations for UK Millionaires
- Greece, Italy, Switzerland, and Portugal offer favorable tax regimes for wealthy individuals.
- Attractions include lump sum tax options and residency benefits.
- Increasing interest from UK citizens due to impending tax changes.
🔍 Considerations for UK Millionaires
- Rising concerns over UK's future policies like mandatory military service and crime rates.
- Options for international relocation and obtaining second citizenships.
- Advice on navigating tax-efficient strategies globally for high-net-worth individuals.
DISCLAIMER: This video is not tax and/or financial and/or investment advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.
not even a millionaire yet but i'm leaving as soon as i get the chance
same
You and me both
same bro, learning tech, getting a remote job and im off
Join the club. We're looking to get out also.
😂😂😂😂
I left the uk in 2021 and moved to Barbados. Best decision I’ve ever made!
Connery lived there. I met his stunt double from Galway.
Smart choice
@@GoldKingsMan Sean Connery lived in the Bahamas
@@hTyKn1 Ah yea.
@@GoldKingsMan He was once asked when he was going to return to live in Scotland to which he replied "When the weather improves"
That’s a lot of millionaires but it’s still only 1.5% of the millionaires in UK. I’m almost surprised it’s not more leaving.
There won't be this many millionaires remaining after the imminent housing price collapse. Lot of people have inflated net worths because of this bubble.
Most countries tax their residents on one's WORLD WIDE income. That is normal. (The tax advantage of various OTHER regimes is that MANY of them raise their government's revenue in other ways eg: oil export revenue, gas export revenue, gambling tax revenue, etc). Then, as you say in this video, some regimes encourage immigration (by rich and valued people) by offering immigrants very favourable tax conditions. Although, really, trumping most of those is that ACTUALLY LIVING in the UK is more attractive IN MANY OTHER RESPECTS than ACTUALLY LIVING in, or being hasselled with admin and other rules, limitations and inconveniences of those other countries. Myself, I am a millionaire, and have much property in the UK, plus I have a sizeable ISA (Independent Savings Account) which is completely TAX FREE for UK TAX RESIDENTS. Meaning that for all UK resident millionaires like me there is no reason to leave the Kingdom.
@@gimei-chanDevaluation of currency and inflation results in increase value of assets.
It is rate they are leaving at, i be one of them within 2 years.
@@davidwhyman1189if you want to pay higher taxes stay, it's your choice.
Millionaire here from
UK and moved to Dubai in 2022. Took me a few years to finally make the move and I can now say it’s the best decision I have ever made for all the reasons in this video.
Aspiring millionare moved to Dubai 😊
France here and im not millionaire, i moved to Dubai in 2017, and im half millionaire now, road to million soon, best decision i've made too .
Why dubai put of everywhere you could go?
I'm considering South East asia when I make it.
@@PassportPowellAsia way too far to live
hi i'm looking at doing the same, going for a visit in sept. can u recommend any areas to live with my family? cheers
Time to leave Canada.
It's getting really bad here...
To Iraq or Afghanistan?😮😮😮
@@djzrobzombie2813 broo
Besides, Vitamin D is a thing. Just not being in cold/cloudy weather for half the year, will improve your outlook and mental state.
@@jager6863 vitamin d is real
What’s wrong with Canada ?
Why would anyone want to stay in the West if they have the option to live anywhere??? Monaco, Dubai, Abu Dhabi, Singapore and Japan are the only clean safe places on the globe right now. If a single woman, dressed to the "9's", can't walk home alone at 4am in safety, your city/country sucks.
@@Abe_06 Zurich going downhill though still better than Geneva, never been to Helsinki.
Hong Kong is great, despite what the western media might say about mainland influence. Zero taxes on interest and dividends, no CGT, pro-business government.
Japan has hundreds of
earthquakes per month
@@Abe_06I live in Zurich since birth, it's going down hill due to uncontrolled immigration from third world countries
@@diomagio is HAARP weather control project behind this?
The UK is a sinking ship
Precisely.
Labour s equality of outcome plans. Check it out. Race to the bottom,
ความไม่สมดุนเป็นไปทั่วโลกต้องพัฒนาคนแะธรรมชาติให้สมดูนกัน😮😮😮❤❤
Rubbish.
It was always a sinking ship with the Tories in power. The people who voted Brexit are to blame.
NYC is overrated! It’s so disgusting
Cash Jordan's videos chart the city's decline well.
it so is overrated as he explain people go thier because its new york you see in the movies people assume its the same
Bette Midler got out early ! Well she pushed to defund the Police.
@@ravd8082the movies I watch make New York look edgy and violent.
What’s overrated? We all know it’s bad parts and things like poor underground. And we all know what it’s great at. Think you’re talking shite. No secrets about New York.
Our economy is afflicted by uncertainty, housing troubles, foreclosures, global shifts, and the aftermath of the epidemic, all of which contribute to instability. To restore stability and drive growth, all sectors must urgently address rising inflation, slowing GDP, and trade disruptions
The US dollar is losing value due to inflation, while other currencies are gaining strength, creating uncertainty. Nonetheless, many people remain confident in the Dollar's perceived safety. I'm concerned that my 420K retirement funds may lose value, therefore I'm looking for other financial stability.
With my stressful career, I don't have time for investment analysis. For seven years, a fiduciary has managed my portfolio, responding to market situations, ensuring for effective navigation and informed decisions. Consider taking a similar plan of action
Do you mind if I ask you to recommend the coach you employed?
My CFA, 'Leah Foster Alderman', is a well known figure in her field. I recommend looking into her qualifications further. She has extensive knowledge and is a treasure trove for anyone seeking to manage the financial markets.
She seems to be literate and well educated. Thank you for sharing, I found her webpage when I searched for her online.
I am leaving the UK in 2024.
I would not go to Dubai or UAE.
I have already moved all my capital to Thailand except my UK home.
I just have to sell the UK home and I am off.
Why Thailand? What kind of opportunities there?
Go to zero tax location, i do not mean middle east.
@@luckytalkie My costs in the UK for my 300m2 house: Council Tax £4,000; Electric and Gas £6,000: Water £800 Internet £500 => £11,300. My Thai House (320m2) is No Council Tax, Electricity £360, Gas for Cooking £100, Internet £260, Water £150 => under £1,000. Food is cheaper and better than the UK.
@@johntheaccountant5594 wow! 100% worth it then!.
thailand is great, enjoy
The Asian bling or display of wealth seems to be the most elaborate of all races. It's mind-blowing sometimes the extent they get to.
Absolutely! I mean, have you seen some of those mega yachts and private islands they own? It's like they're living in a whole different world.
And don't even get me started on their custom-made supercars and designer wardrobes. They definitely know how to flaunt their wealth.
Yeah, it's pretty impressive. But you know what's even more interesting? Most of these wealthy Asians have someone like Desiree Ruth Hoffman managing their portfolios.
Desiree Ruth Hoffman? Who's that?
@@AshleyKeith-vw7ws DESIREE RUTH HOFFMAN she’s known for her assortment manager and holistic approach to financial planning of high-net-worth individuals , considering factors like income, expenses, and long-term goals. she's been making some serious waves in the industry
UK IS THE WORST PLACE TO STAY. RIDICULOUS TAX RATES, IT'S DESIGNED TO KEEP YOU IN A ZONE WHERE YOU HAVE ENOUGH MONEY TO SURVIVE.
Surviving the word is existing. No one cares about each other in the UK too much divisions.
Its not the worst place to stay
@@ryandanngetich2524try Luton or Swindon you'll soon change your mind.
@@Wayne-fn1sw You just be in the cities and making judgements? The US is far worse in that regard in fact
@@lonalxaiaNo I won't ever change my mind you have the privilege of throwing words like the worst place to stay while you've never visited the world and seen how much better the UK is,,, if you have a problem I can show you the door
Thousands of millionaires were not leaving the UK before 1997
That's all I'll say.
Well you know what they say ," A million isn't what it used to be ..." 😊
@@aftabakram6240 hows that?
Don't worry, 10,000 aspiring millionaires will be arriving by sea tomorrow. 😂😂
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
speaking of forex trading I know I am blessed if not I wouldn't have met someone who is as spectacular as expert Eugene Murphy
The very first time i tried, i invested $2000 and after a week, i received $19000. That really helps me a lot to pay up bills
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Eugene Murphy. A widely known crypto consultant
YES!!! That's exactly his name (Eugene Murphy) so many people have recommended highly about him and am just starting with him from Brisbane Australia
His success story is everywhere.
Bro why don't you mention Malaysia, it's tax rate are similar to Singapore & cost of living is low too.
Best not too mention it. We don't want everyone to flood into Malaysia. Organic growth is better
I left the UK in 2004. Now live in sunny Lisbon. Best move I made
You don't have to live in London to live in the UK, a mansion in the country, in a little village..
Problem with that is children are going to have to mix in the cities and its just too violent. Not for me anymore.
And how about the brown, black, yellow, Muslims go? None of these wants to live next to white native racist population of the UK outside of the main three cities that contains them. be real.
This sounds great until you realise there is nothing to do in the countryside. The high-street is just charity shops and your kids won’t have any reason to leave the house. Being outdoors is only tempting when it’s attractive. Sadly, it’s mostly just copy and paste empty fields of grass. Living in a village also isn’t cheap and mostly works when you already have money. Your kids might struggle due to the lack of exposure to anything, when it comes to careers and socialising. Living in a city isn’t great but i would caution against the village picturesque dream.
@@ZeerakImran Have to agree - if your not the Swallows & Amazons sort.. Or unless you love slaughtering the local wildlife, like our Royals..(I don't mean Them..!).
Immigrants will reach these areas as well eventually. The problem has just started and the tax problem won`t be avoided by moving to a village either
I guess not getting stabbed is a priority for people. Who would've thought
Please don't move to the gulf countries. You have no idea how regressive the society is until you get into a legal trouble. Also its literally made of slave labor. You don't have to pay taxes because there are immigrants from poor countries who have little to no human rights to do all the hard work
Rich people DGAF
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
There’s an old Chinese saying:There were 10 birds on the tree, after a short fire,the question is how many birds are on the tree now?
You barely see birds or any wildlife in China because they ate it all and nature has not recovered there yet. Weird proverb that.
@@peanutboxes4076😂
@@peanutboxes4076 There are many sparrows and swallows in China
@@stevehorn6206 not much meat on them tbf
@@stevehorn6206 not much meat on them tbf!
I am only nearly a “ half millionaire !” And my money is locked in property however, i am not surprised so many wealthy folks are packing their bags and not only leaving, they are seeking a replacement Citizenship and i know a wealthy person going to Argentina and will be seeking that Citizenship and then consider renouncing UK citizenship as there is a suspicion the UK Gov may well follow the US in Taxing Citizenship regardless where you live !
These Wealthy folks are getting told by their Accountant’s to get a second place to live as the UK is going downhill .
Most countries tax their residents on one's WORLD WIDE income. That is normal. (The tax advantage of various OTHER regimes is that MANY of them raise their government's revenue in other ways eg: oil export revenue, gas export revenue, gambling tax revenue, etc). Then, as you say in this video, some regimes encourage immigration (by rich and valued people) by offering immigrants very favourable tax conditions. Although, really, trumping most of those is that ACTUALLY LIVING in the UK is more attractive IN MANY OTHER RESPECTS than ACTUALLY LIVING in, or being hasselled with admin and other rules, limitations and inconveniences of those other countries. Myself, I am a millionaire, and have much property in the UK, plus I have a sizeable ISA (Independent Savings Account) which is completely TAX FREE for UK TAX RESIDENTS. Meaning that for all UK resident millionaires like me there is no reason to leave the Kingdom.
2025 the u.k will have a huge nation debt they cannot pay even in 50 years with gowth of 2%.
My dear friend you are absolutely right about what you said i left uk almost 2 years ago the country is indeed going downhill
@@davidwhyman1189get ready to share some of your juicy ISA with Keir and Angela. It wasn’t ever yours. You are just keeping their half warm.
Umm.. Our conversation is in danger of conflating TAX COSTS with QUALITY OF LIVING, that danger is highlighted by your expression "...getting told by their accountants to get a second place to live as the UK is going downhill". Well, the personal tax regime is actually quite benign for UK tax residents. For example the UK tax RELIEF advantages on pension contributions are generous compared to other countries, and the completely UK tax FREE status of ISAs (Independent Savings Accounts) for UK tax residents is world class. So, those "accountants" that you mention are presumably basing the "...UK is going downhill" part of your comment on something else. If so, on WHAT? And if, as could quite arguably be the case, that comment is actually based on the conjecture that QUALITY OF LIVING in the UK is going downhill then we are having a different conversation; one that indeed is valid and one that should include other professionals not only accountants. David Whyman.
Vote Reform UK
No get fucked
You wont vote your way out of this .
We sold up everything in the 'YUK' 20 years ago and have now become millionaires living the dream in Cyprus !
Very low taxes there, I gather.
Cyprus is not nice
@@lordraider5562 The UK is in a complete shambles !
@@lordraider5562 no? I have never been....why not? Ive noticed the author of the video never seems to mention Cyprus in his videos....
MOST Western societies are declining. Australia is the same, as is Canada, the US etc
90% of them are non doms, and its 9500 out of 3.3 million millionaires. It's 0.29% of all UK millionaires.
A few raindrops cause a flood
@@WealthyExpat A puddle!
Lose a few % of millionaires and replace with millions of immigrants... why do you think they travel through all those safe EU countries to roll up on our shores... its not for the sunshine... free housing free this and that.... who do you think pays for that... yep tax payers.... so less tax payers and more immigrants with hands out... how long before the money runs out... too late... its already gone.
I'm not a millionaire but not waiting around to be taxed to the hilt even more and watch all my years of hard work and diligence go to a bunch of money grabbers... so yes we are off also.
Get out while you can don't be a hero
Most countries tax their residents on one's WORLD WIDE income. That is normal. (The tax advantage of various OTHER regimes is that MANY of them raise their government's revenue in other ways eg: oil export revenue, gas export revenue, gambling tax revenue, etc). Then, as you say in this video, some regimes encourage immigration (by rich and valued people) by offering immigrants very favourable tax conditions. Although, really, trumping most of those is that ACTUALLY LIVING in the UK is more attractive IN MANY OTHER RESPECTS than ACTUALLY LIVING in, or being hasselled with admin and other rules, limitations and inconveniences of those other countries. Myself, I am a millionaire, and have much property in the UK, plus I have a sizeable ISA (Independent Savings Account) which is completely TAX FREE for UK TAX RESIDENTS. Meaning that for all UK resident millionaires like me there is no reason to leave the Kingdom.
Coward statement
@davidwhyman1189 Thanks for the information .you have said it all . Uk is still one of the best countries to live in .I'm not a millionaire, even if I was .I still wouldn't leave uk for anything. We have our friends and family here .I'm a lorry driver and drive mostly all over England. And get to see all the rural villages and old market towns.And there is a sense of tranquility. England is my home and i will stay .👍
For me it's not about being there whether rich or broke. How can you live in UK without the sun?!!!
It’s hot as hell right now😂😂
We will have about 3 weeks of inconsistent sun and call it summer. 95% of the year is spent miserable, soggy and grey. Long term that has a terrible side effect on your happiness
@@kofi8453 Yes it has some effect because the other day it was sunny and nice but I coudnt enjoy the sun because had to go to work. If we have more sunny days I woudn't be upset for missing one sunny day 😂
My exact same feelings.
Just imagine I moved from Greece to the UK. Painful experience from weather perspective.
@@nebulai5324 try living in the UK all your life, imagine what that would have done to you
I live in the UK and it’s a great place to live… lots of opportunity and things to do. I’ve traveled a lot and realise the grass isn’t greener. Remember, wherever you go, they you are
UK is great! These guys are more of businessmen looking for their share of commission. In UAE you have one (just little one) run into the law and you will KNOW what UAE truly is.
If the UK is great why are so many British people running and immigranting to Australia 🦘 for the longest and even today .
@@Wayne-fn1sw they are going for the lifestyle more than anything its expensive to rent thier as well , their housing criss is just as bad as the UK , most brits going over do a U turn and come back, Immigration is playing a huge role as the gov lost controlled
Lovely comment.
@@Wayne-fn1sw People leaving doesnt change the greatness of a country. People have their own reasons to leave.
Nobody moves to New York. They move to Florida, Texas, and Nashville etc.
Foreigners still move to New York.
@@s1dubbzz751 They dont know any better.
I left UK now in Portugal 😎
Who cares
@@Wayne-fn1swyou care😂
May I ask what you do for work? That’s the only fear that holds me back from moving abroad.
@@peanutboxes4076just go for it,when I moved out of the uk a year and half ago for Netherlands I started out with with a random job just pay rents and all after some few months passed I landed a job and now I’m enjoying it here
Labour is about to win the elections in UK, what means higher taxes.
Rich people are not fools. They go where the market most favour them (now, it is away from Britain).
No vote reform
You’re 100% correct!
Labour won… The UK is done! 😖
Not a millionaire but close to that and I'm staying.
Travel to NEOM it will be safe in WW3
YESSS
I had problem comprehending trading in general. I tried watching other CZcams trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow
I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies.
I will advise you should stop trading on your own if you keep losing.
If you can, then get a professional to trade for you i think that way your assets are more secure
Interesting…
Hello, I want to start investing but I don't know where to begin. Any advice or contacts for help?
It's wise to seek professional guidance when building a strong financial portfolio due to its complexity.
The reality is that you cannot do it without a tried and true person like Mary
Make a video about Potugal...!
Im annoyed they got rid of the NHR, was my choice
Im out of the UK too.
If the government thinks they can waste tax payers money on housing illegal immigrants then ill take my money to be taxed elsewhere.
It's a global trend. UK is not unique in this migration.
In India, around 5k millionaires are leaving every year to settle in the UK, US,Australia, and UAE.
It's unique because the scale of outward migration from the UK, a wealthy country, is unprecedented
@@ciybersal3499 The poor are moving in quicker than the rich are leaving!!!!
Wrong information, indian millionaires are moving to Dubai not UK
They're moving to dubai not uk, idk why youtube deleted my previous comment
Please Bitcoin!! I wanna move to Dubai so badly, USA can have back their passport
You won't realistically get UAE passport ever.
I love that guy LOL. "You need to pay your fair share" Well we all heard that propaganda.
The man is ten toes down on that.
That's called solidarity. As soon as they have to pay like everybody else millionaires leave the country.....
And you pay $5 I assume
@@WealthyExpat You mean am i on welfare? No i make over 100K. per year.
Bye, so finally we can all see that billionaires do not bring prosperity and wellbeing for the population along with them, as opposed to what we have always been told. They bring higher prices, unaffordable houses and poverty for the rest of us
Yet the amount of flash cars in London is even worse.
Will the UAE be a trap?
Both true. Debt!
Taxes, Taxes and more taxes in UK broke backbone of common man and low salary for decades. It’s very sad
Please take all the Muslims living in the UK to Dubai
What about Australia? Work, opportunities, cost of living compared to UK?
Australia don't really like British with Thier bad behaviour
Don't bother Australia is going the same way.
sir, you have a typo on your website - "and successfully and legally minimized my tax by applying various startegies that I will share with you"
2 years ago we moved to Balkan, safer than any UK city, great food, cheap properties very friendly people
Not safer obviously. Just less fearmongering online.
Nigel Farage? Seriously? Even if he got into power he would struggle to pass any laws. UK would be stuck with no reforms.
Brexit.
Uk if doesn't change quickly, in the next 10 years will be a very messy place
It already is.
@@manjushagongale imagine in 10 years if continuing like that
@@sidonio123 If you want to save your country then vote Reform. Or else, do what the millionaires are doing.
@@manjushagongale farage is another rip off tw#### he's only interested in him self and his foreign (German) family. He will be the first to jump the ship, look what happene with brexit
the west It's completely a disaster overall. 😂
I’m sure all of them are going to Dubai.
and there is a reason why
Dubai? 😂😂😂 Dubai is going down the hill nobody wants to live there. Nobody wants to live in a Muslim country.
😅
@@DavinderSingh-jj3wb funny ?
You’d be surprised how many are moving to sub-Sahara Africa and Thailand.
There are a lot of expat multi-millionaires in Nigeria and South Africa.
I know this video is about the UK, but I wanted to know (even from someone in this comment section) what you think about this: I am a US citizen, born and raised in the US, of Puerto Rican and Italian descent. I live in Southern California and have been planning traveling outside of the country, what would you recommend?
Depends on your goals. Why are you travelling and for how long? To swim in a sea/ocean? See a bit of snow and go skiing? Sightseeing? Experience some cultural/social life abroad? Sex tourism? Find a better home?
If it's the latter, what are your criteria?
The answer to your question would be quite different depending on what you want.
Chile or Argentina.
Do it gradually. Travel to the place twice a year. Get familiar with the community within your own country. Life as a visitor is different to living there permanently. Don't go to the obvious places. There are lots of low key country's. For example I lived in the Lanzarote for a year whilst everyone's moved to Portugal. Experience the countries yourself and on your terms.
What about Switzerland?
It's falling appart due to the politicians allowing a immense amount of immigrants from third world countries since the beginning of the 2000s nobody likes to talk about it but I've been living here (Zurich) my whole life and seen it happen, it's a tragedy.
@@diomagioSo are you telling us that this has been happening in Zurich aswell?
I lived in Switzerland once, 2022 - 2023. Switzerland is islamized
@@blindnessvampireband 1000% agree
Agree with your comments, in the process of leaving the UK. They can keep their high taxes for terrible services!
Where you going?
UK keeps scoring own goals - I’m still puzzled why non-doms should pay tax on income they obtained abroad. Politics of envy
Really??? They live in the country, use public infrastructure and benefit from the system but it is fine for them to pay nothing. Talk about leeches.
@@vmoses1979 So you don't want millionaires coming over to the country, spending millions (paying VAT, stamp duty, restaurants etc - employing people in the process etc. A leech is something that takes and doesn't give back - these are so far removed from is stunning (think Roman Abramovich). Only people with no money would look at these people and think like this - you are falling for goverment lines. This will be a own goal for the country and our people - motivated by greed. Why wouldn't you want to make the place attractive to the Rich instead of fining them ...? Wake up
@@vmoses1979 They pay VAT, stamp duty, spend in restaurants (who employ people) - buy, lots of stuff. They probably pay more in TAX indirectly in a month than most people pay in a year. In short, they give back - in buckets and spades. Roman Abramovich is an extreme example. Its complete misdirection to 'blame' the rich for our governments constant misspending. Its a shame that the people that most fall for it are the most screwed over - and this sort of action WILL make the country poorer as they exit the UK.... think about it - If you had £100m+ in the bank and wanted to move to a country and they wanted 20% of it for you simply living there - would you stay or move? I already know a lot of poeple moving out of the UK simply for TAX reasons - and they are taking their wealth and spending it elsewhere. We live in a global economy and the UK certainly isn't what it used to be
@@vmoses1979This is true. They need cancer treatment it is free. Plus taxes pay for our emergeny services,hospitals and defence.
There's more to life than moving just for Money, make enough to be free-everything else is a distraction.
With money comes power with power comes corruption..I'm somewhat relieved for some reason
I'm relieved too. Took a bold step by securing a loan and investing in my future. would share my experience with you if you're interested.
I've never liked the phrase of paying ones 'fair share' because they rather cowardly leave out the definition of this and leave it up to the individual to decide for themselves what they think it means.
Brazil is also expected to lose close to 3.000 millionares this year because of the raising taxes.
Yes exactly
Where are they going.
Here in Brazil? True
That's ok, there's another 10,000 hard working doctors and engineers arriving next week to replace them.....
You mean all the pakis who have the highest unemployment rate in England?
Not really. Doctors are better off working in EU countries at the moment. Seen the doctor salaries in EU vs UK?
😂
That one is a joke.....😊
I wish i was a multimillionaire so i can get my family and me the fuck out this dump of a country
Going to these countries, make sense
What’s going globally is just a mess,the global economy has been in a recession. UAE would be the top draft pick
I hope the millionaire's don't think they are going to change U.A.E. otherwise they should keep moving on.🤣🤣🤣
As usual selfish rich people make it here and take it away, typical.
"we dont like immigrants, so we recommend you become an immigrant and leave"
Outstanding logic bro
There are skilled legal immigrants and illegal immigrants and asylum seekers/refugees, do you understand the difference?
Legal migration is a LOT different than invading a country illegally and sucking off its resources.
Bro you sound stupid. Millionaires are usually business owners and they love immigrants especially illegal so they can hire them for cheap. It’s working class and middle class that don’t like them lowering incomes.
@@Dom-fw7nzThe UK, a country of 65 million, had 40,000 migrants that came by boat in 2023. That number is nothing. Try again.
@JohnHarthomstowCEOMake you feel like an immigrant? How exactly? Do you mean the 15% of UK residents who are non white? So 85% of people looking like you is not enough. The logic is clear - why should foreign countries accept someone who hates foreigners. Foreign government doesn't want to import someone who's hostile to different ethnicities - that person will never integrate or be a useful resident.
You think this will also happen in Canada & Australia?
Always blows my mind that there are people completely in the dark like yourself. You just named 2 of the top worst places to live on the planet if you have even a little bit of money.
It's in the plan.
Great video & great information for leaving the UK.
From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet inflation is getting worse. How can I generate more income to retire with at least $3m for long term care? I have about 750k in savings.
investors like you should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
For me I’ve been using a coach for over 3 years and my portfolio has yielded from initial $500k to a ballpark estimate of $1.85m as of today. you should not make investment decisions without consulting with an FA
I’ve been using a coach for over 3 years and my portfolio has yielded from initial $500k to a ballpark estimate of $1.85m as of today. you should not make investment decisions without consulting with an FA
We leave in 3 weeks. A top 1% household (by income, not wealth).
It doesn’t make financial sense to stay in the country when there are places we can live and work for less, sometimes 0 income tax and receive a much better and higher standard of living.
Millionaires don't live in the UK. They live on the tropics my darling ! :)
I would like to leave the UK but every country has its own problems
Very wealthy, average earners and those looking for work who are unemployed leave the UK regularly. It is not unusual for people to emigrate permanently whilst others do for a few years and then return.
Wealth Creation:
Every week a millionaire is created in the United Kingdom by the lottery. Businessmen move their business to Europe or to benefit from the Asian markets, some America wherever it will flourish but they remain living in the UK one of 67.85 million. If the country becomes more aligned with Europe things might improve and public services be properly funded instead of undermined and privatized. Students leaving university with £50,000. facing high private sector rents and not being able to get on the property ladder.
Uk is beyond saving
Hi - so an Asian who wasn't born in the UK but has UK citizenship and passport. Let's say if this person moves to UAE, does he need to pay taxes to UK government on income earned outside of UK? Someone kindly let me know and great if you can also share link of official sources confirming the same. 🙏🙏
Rafael, can you please make some videos about New Zealand and Japan, would you advise moving there now?
I lived in NZ and Aussie they have limited opportunities especially NZ very small economy
@@knowledgeseeker5499 it’s sad, I thought about moving there
@@Uen-ch8gw after living there for 12 years I moved back to London
Any input on Costa Rica? You never mention it yet there’s no crypto tax
Why don't they buy Caribbean islands' Passports?
They can buy a Caribbean passport for US200,000.
Dominica, St Lucia, Grenada, St Kitts, Antigua, sell passports
Stunning countries. No council tax, low taxation
They could afford beach front properties
Hi Wealthy Expat? Could you do.a video about Miami just to up-to-date? So many people are moving to Miami nowadays. Thanks for the info!
Just got a job as a junior software engineer, working towards leaving with a senior role abroad.
Don't confuse buying real estate and paying lawyers with contributing to the economy.
What a shame for those who want to run away…don’t come back once we get back on our feet!
Wont get back on your feet with Liebour and Commieservatives ruining the country since 1997
Meanwhile, a million spongers move in...
Use to live in west, working all day long, become rich, now in asia, chill all day long, party at evening, nice dinner beautyful women wonderful life
What about natural disasters?
Thank you, really great info. I am looking forward to speake to you some day.
Como decía Blas de Lezo: todo buen hispano debe...
All the lottery winners over the last 14 years.
Look beyond taxes before you leave your country. There're also disadvantages in those countries.Integration, language, culture, social circle can be difficult. Look before you leap.
That will help reduce the wealth disparity, so a win for government.
the brand New York has now turn into dollar store.. Shanghai.. Abu Dhabi.. Bangkok.. Singapore etc.. is now a brand everybody wants..
Just one question, how do I become a millionaire?
I don't want my children to go to uk army so how can i move to dubai
what about Spain and the Nomad visa?
Please do not move to the Caribbean. It will make things harder and increase the cost of living for the locals who are already struggling.
This isn’t true… the Caribbean is not a monolith but most of the governments are actively welcoming high net-worth individuals
@@yeah2011bb As a local, I am telling you the reality. Do not move here, you all are making things harder for Caribbean people when you do. I don't care if you vacation here, but please find somewhere else to live or stay in your country.
@@reign_1158 I’m from Barbados… if you understood where our economies are headed you would understand why I disagree with you. We have declining populations in the Caribbean primarily because of low birth rates and outward immigration. We need more ppl and we are aiming for wealthy and well educated individuals. You mention tourism, this sector of our economy isn’t stable and is highly sensitive to shocks to travel (e.g., hurricanes, pandemics, wars etc etc). If Covid taught us anything is that we need to move away from this as our primary earner ….
My one question is if all these millionaires have so much choice, Why do they choose England ?
El Salvador is becoming popular
I totalt agree that most traders have No value
I would love to move back to England. Praying for a financial miracle to make that happen for me. I love love love England. It is so very beautiful.
Not in 2024. The movies trick us. Too many illegal immigrants preying on women. Its not safe.
Malaysia is the best choice...,👍👍
My millionaire brother lives in Heslington yorkshire and is moving to america now