With the development of China's economy, more and more Chinese people have become wealthy and have developed a desire to see the world. Some have also immigrated overseas for various reasons. Why do so many wealthy individuals immigrate? What are their reasons for choosing to immigrate? Most immigrants choose to move overseas primarily for the following reasons.
I. The main reasons for immigration applicants are as follows
1. Obtaining overseas status while maintaining domestic career development
With the strength of China's economy and its rising international status, more and more Chinese people no longer view "emigration" as their primary goal, but are increasingly leaning towards a "migration without relocation" model; Chinese people have entered the era of light immigration. By obtaining overseas status, they can enjoy the benefits that come with it while continuing to maintain their domestic career development without being affected.
2. Providing higher quality education for children
High-net-worth individuals and the wealthy in China like to send their children to study overseas, especially in the UK, the US, and European countries with rich educational resources. With immigration status, they can enjoy the same educational benefits as local children, not only attending public schools for free but also significantly reducing the costs of international schools.
3. Visa-free travel with a passport
Whether it is a traditional country or an emerging immigration country, the value of the passport is very high. For example, European countries with EU and Schengen status allow free travel between member states. For business people or those who love to travel, obtaining overseas status through immigration allows them to frequently fly around the world for business, meetings, vacations, and tourism.
4. Overseas real estate investment
In recent years, the purchase restrictions in China's real estate market have led to stabilization after a period of expansion, causing many investors to turn their attention to overseas real estate markets. European real estate, which is in a recovery period, has lower prices but potential, and some European countries also have "one-step" residency-by-investment policies. Cost-effectiveness has become the biggest consideration for investors in overseas property purchases. Real estate investment has become the most suitable investment method at present.
5. Global asset allocation
Today's high-net-worth individuals and the wealthy have a strong desire to diversify investment risks and preserve and increase the value of their wealth; global asset allocation has become a general trend. In the past four years, more than double the number of high-net-worth Chinese individuals have invested overseas. It is evident that more wealthy people will inevitably engage in overseas asset allocation in the future. After China joined the CRS, rational overseas asset allocation became the most concerning topic for high-net-worth individuals in 2017. While constantly updating asset allocation methods, obtaining a second overseas identity has also become a win-win, or even a multi-win, investment method.
6. Moving for "property"
On the other hand, the primary overseas financial investment methods for China's high-net-worth individuals remain "foreign currency deposits" and "real estate," accounting for 43% and 30% respectively. And these will remain priority investment options for the next three years. It is clear that the demand for overseas asset allocation and status planning is gradually leading the way for new immigrants. The white paper survey also shows that cost-effectiveness has become the biggest consideration for investors in overseas property purchases. Real estate investment has become the most suitable investment method at present.
