According to a new index by citizenship advisory firm Henley & Partners, Switzerland is the best country in the world to build wealth across multiple generations. The Alpine nation offers the best opportunities for families looking to relocate and access the highest earnings and best career prospects for themselves and their children.
The index shows which are the finest places to relocate in order to obtain possibilities and create the kind of riches that might last for more than a generation. It rates 27 nations based on a percentage score that represents opportunities.
Second was the United States, and third was Singapore
In order to provide investors, entrepreneurs, and wealthy families with a benchmark for comparing and identifying locations that offer the best ecosystems for future generations to advance their careers and maximize their income potential, the index scores the top residence and citizenship by investment programmes in the world across six parameters: earning potential, career advancement, economic mobility, and livability.
According to new research from Henley & Partners, excellent education and increased global access rights give the next generation enormous opportunities to succeed and prosper throughout their lives. These opportunities include expanding their global networks, maximizing their earning potential, career prospects, and economic mobility. To determine "opportunity scores" for families wishing to relocate and increase their income, the study looked at 27 countries' worth of data on education, earning potential, professional advancement, livability, economic mobility, and employment possibilities.
"By gaining access to residence rights in the US through the US EB-5 Immigrant Investor Programme, an Indonesian family with a total opportunity score of just 25% in their home country can increase the likelihood of success for the next generation to 82%. This can be demonstrated using the comparative function in the Henley Opportunity Index. An investment in the Singapore Global Investor Programme, which grants residence rights in the city state, would significantly improve the life chances of Nigerians with an opportunity score of just 14%, and an Indian family with a 32% advantage would see their advantage rise to 85% upon moving to Switzerland through the Swiss Residence Programme. Other investment migration alternatives like the Golden Visa in the United Arab Emirates and the forthcoming Active Investor Plus Visa in forthcoming Zealand would provide potential advantages of 59% and 63%, respectively, for the following generation," said the Henley & Partners report.
According to the report, Switzerland has a 2 percent unemployment rate and seven of the top 250 universities in the world, making it a top choice for families trying to secure a prosperous future for their kids.
Furthermore, as per the Henley Opportunity Index, the United States, Australia, Canada, a number of European nations, New Zealand, Switzerland, and thriving affluent cities in Asia and the Middle East are the best places for educators, business owners, and inheritors who want to prosper in the next several decades.
With its unrivaled private colleges, venture capital backing, and integrated expertise across science and technological fields, the US continues to be the premier destination for entrepreneurs. Credentials from Canada are more reasonably priced and can lead to opportunities in Silicon Valley. Additionally, some of the top postsecondary institutions in the world can benefit from free mobility between its 27 member states thanks to the European Union's unified digital single market, whether they are pursuing coveted degrees in hotel management and gastronomy or computer science mastery. In addition, the UK offers access to London's digital and finance hubs for the launch of ideas. Entrepreneurs can establish businesses supported by top investors and accelerators by applying for the UK Innovator Founder Visa.
Through the Singapore Global Investor Programme, which offers special visa categories that encourage the establishment of new businesses and innovation, Singapore welcomes ultra-high-net-worth international nationals.Students from neighbouring Australia are drawn to prestigious universities in Melbourne and Sydney by means of avenues leading to permanent residency and active alumni connections to chances in Southeast Asia's "century market." Those who invest $550,000 in local real estate and businesses can apply for 10-year renewable golden visas from the UAE, which serves as a key basis for regional headquarters that want to access markets in the Middle East, Africa, and Asia.
"Everyone agrees that one of the best ways to prepare your child for success in the future is to invest in their education. Numerous studies have shown that people with postsecondary qualifications earn approximately 50% more than people with only a secondary education. Economic study, however, also reveals that more than two thirds of the income disparity among people worldwide can be attributed to their place of residence and employment. Thus, it is essential to combine top-notch education with relevant residency or citizenship privileges in order to gain entry to such attractive job sectors," said Tess Wilkinson, Director of Henley & Partners Education.
The cumulative effect of investment migration results from the programmes' ability to allow parents to migrate their children through permanent settlement, according to research done for the Henley Education Report by Dr. José Caballero, Senior Economist at the IMD World Competitiveness Centre in Switzerland.
“By doing this, parents can give their children better educational and career prospects without having to deal with the headache of obtaining a postgraduate or student visa. These opportunities include having access to first-rate elementary and secondary education, having more chances for professional growth, being able to live in an environment that promotes a high standard of living, having more income potential, and having simpler cross-border mobility," said Calballero.
