The number of high-net-worth-individuals (HNWI) applying for secondary citizenship abroad is on the rise, according to new research

Around 8 000 South African dollar millionaires have left the country over the past 15 years looking for citizenship abroad.

They tend to flock towards countries with warmer climates– with the exception of the UK – like Australia, Cyprus, Mauritius, the US and Canada, according to new research conducted by New World Wealth and LIO Global.

From a global perspective, 125 000 super wealthy individuals relocated to the UK predominantly from eastern European countries, China, India and Africa, while 52 000 people mostly from China, the UK, India and Russia have flocked to the US since 2000.

“Singapore has benefited from location – it is near fast-growing HNWI markets such as China, Indonesia and India, it’s low tax structure and the international nature of the city,” the report states.

Overall, China and India have had the biggest outflows of HNWI with 91 000 and 61 000 wealthy people leaving their respective countries over the past 15 years.

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Source: Global migration patterns of the super rich

The following is the opinion of a Burnaby immigration consultant that has chosen to remain anonymous. It may or may not reflect the opinion(s) of RS Immigration Corporation. RS Immigration Corp provides assistance with Canadian immigration applications.

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Canada is a wonderful country with a lot to offer. It is no surprise that the super rich from other countries want to live in Canada and eventually obtain Canadian citizenship. Canada has made this type of immigration possible through the Immigrant Investor Venture Capital Pilot Program (IIVCPP). Canada offers other immigration streams  that support the rich.

Do you have questions about Canadian immigration applications? How to apply for a Canadian visa? How to apply in Canada? How to get visa to Canada? How to apply sponsorship in Canada? For assistance navigating your Canadian immigration application and increase your chances of success contact RS Immigration Corp (click here)

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Congratulations to the young woman and her family on the success of their Canadian citizenship application.

We at RS Immigration are particularly excited about the success of this Canadian citizenship application because of its short time frame for approval. It was submitted in February, 2015 and the client received a letter from Citizenship and Immigration Canada to write the Canadian citizenship test in the month of July, 2015. That means the application took 5 months to receive Canadian citizenship test approval. This application timeline of 5 months is a new record for us and we are very proud.

Canadian citizenship application

As per the Citizenship and Immigration Canada website, Canadian citizenship applications can take 2 years for processing routine applications and 3 years for non routine. Click here for times.

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