Summary and comments by Francisco Martinelli Patton, on the article by Dr. Juerg Steffen “A Landmark Year for Wealth Migration”, CEO of our strategic partner Henley & Partners.

The article “A Landmark Year for Wealth Migration" by Henley & Partners, written by Dr. Juerg Steffen, projects that 2025 will be a historic year for high-net-worth individual (HNWI) migration. It is estimated that 142,000 millionaires with liquid assets of at least USD 1 million will seek new domiciles, marking the largest wealth migration ever recorded. This increase reflects fundamental changes in how affluent individuals approach geographic and financial planning.

Factors driving this phenomenon

This massive capital movement is driven by structural changes in the global economy and politics. The 2024 electoral supercycle, with elections in over 70 countries, has created a landscape of both opportunities and uncertainty, prompting wealthy individuals to seek destinations with political stability, tax benefits, and superior quality of life. Additionally, emerging factors such as climate resilience and digital infrastructure are shaping relocation decisions.

Preferred destinations

Countries like the United Arab Emirates (UAE) stand out for their golden visa program and crypto-friendly policies, attracting significant capital flows. Singapore has also solidified its position as an attractive destination due to its sophisticated financial framework and political stability. Meanwhile, Mediterranean nations offer a combination of tax benefits and lifestyle appeal that continues to captivate investors.

Evolution of investment migration programs

The article highlights that real estate investment programs have evolved, prioritizing sustainable development and technological integration. Properties are no longer mere investment vehicles but multifunctional assets offering residence rights, income potential, and lifestyle benefits.

Shifts in migrant profiles

Historically, investment migration was dominated by individuals from emerging economies seeking greater global access. However, there is now a growing interest from developed countries, particularly the United States, where political polarization and economic instability drive millionaires to explore global diversification and contingency plans.

Strategic opportunities for migrants and investors

In this context, the rising migration of high-net-worth individuals presents significant opportunities for both host countries and global investors. Leading nations in implementing investment migration programs include the UAE, with its golden visa program; Singapore, known for its political stability and advanced financial frameworks; and several Mediterranean nations offering tax advantages and an attractive lifestyle.

Panama as a destination

Although not explicitly mentioned in the article, Panama stands out as a competitive destination due to its strategic location, political stability, and fiscal advantages. With initiatives such as the Permanent Residence for Qualified Investors and tax exemptions on foreign-sourced income, the country has become an ideal location for those looking to diversify their investments and enjoy a business-friendly environment.

As the industry continues to professionalize with stricter regulations and higher due diligence standards, Panama solidifies its position as a reliable and forward-looking option for global capital mobility.

From Signia, a strategic partner of Henley & Partners in Panama, we understand the significance of this landscape. We offer tailored solutions in migration, wealth, and tax planning, enabling our clients to seize the opportunities of an increasingly interconnected world. We invite you to read the full article at the following link: A Landmark Year for Wealth Migration.

About Francisco Martinelli Patton | fmp@signialegal.com

With over 30 years of experience, Francisco Martinelli Patton, founding partner of Signia, has advised clients on international transactions, mergers, acquisitions, and wealth planning. His extensive career and expertise in managing complex wealth structures position him as a leader in the field. His TEP (Trust and Estate Practitioner) designation from STEP enhances his credentials, underscoring his ability to deliver highly specialized global solutions. As a member of the Investment Migration Council (IMC), Francisco keep updated on international trends and regulations in investment migration, adding value to his advisory services in a demanding environment. His blend of experience, technical knowledge, and strategic insight enables his clients to fully capitalize on opportunities for global mobility and wealth diversification.