Even In Pandemic Year, More Rich Indians Wanted To Leave The Country, Buy Citizenship Elsewhere

Bobins Abraham | Feb 13, 2021, 16:10 IST

And 2020 was not different, even in the year when the world came to a standstill, the rich Indians were going ahead with their plans to leave the country and settle elsewhere.

Image credit : Unsplash

Over the years, the high net-worth individuals of India have emerged as some of the biggest 'customers' for this.

Image credit : PTI

And 2020 was not different, even in the year when the world came to a standstill, the rich Indians were going ahead with their plans to leave the country and settle elsewhere.

Wealthy Indians making enquiries for Golden Visas

In 2020, wealthy Indians again topped the list of those making enquiries for such Golden Visas.

“We saw a 62.6% increase in the number of enquiries received from Indians in 2020 as compared to 2019. The base for 2019 was over 1,500 enquiries,” Nirbhay Handa, director and head of global South Asia team, Henley & Partners, told The Times of India.

Image credit : Reuters

Portugal most popular

Canada, Austria, Malta and Turkey are the other favorites when it comes to rich Indians seeking to settle abroad.

Image credit : Reuters

With the COVID-19 outbreak, the resilience of several economies worldwide has been tested and provisional estimates show a drop in inward and outward HNWI migration for 2020, it said.