Give us your tired, your super-rich, your huddled millionaires.
This is the new clarion call among countries that are lifting their beacons to the mass numbers of wealthy Chinese fleeing their country.
More than half of all Chinese multimillionaires have either left or plan to emigrate, according to surveys. Countries around the world are lining up to attract them, creating a growing business and economy around selling them residency.
Australia said Tuesday that a new visa program aimed at the wealthy—the “significant investor” initiative—has received overwhelming response, with Chinese nationals accounting for over 90 percent of the 545 applications.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.