Australia has become the number 1 destination for ultra-rich of the world followed by USA and Canada
Australia has become the number 1 destination for ultra-rich of the world followed by USA and Canada. Out of the 80,000 millionaires in the world who left their home country to settle down elsewhere during 2019, 12,000 chose to settle in Australia. This number is 2,000 more than the 2017 figure of 10,000 millionaires, or High-Net-worth Individuals (HNIs) as they are called, who made Australia their second home. These HNIs came with a personal wealth of 4.88 Cr or more.
Lured by Australia’s beautiful scenery, easy-going lifestyle, stable economy and high-quality of healthcare & education, HNIs choose this country as their new home. Besides being the fastest growing developed economy at 3.2%, Australia also boasts of having the cleanest air, purest water and pleasant weather throughout the year. However, there is more to Australia than all this. The country offers a huge advantage to migrating millionaires by offering permanent residency to them & their families. In addition, the business investments are to be done only after the visa approval comes through.
Phoenix Business Advisory for Australia
With Australia becoming a magnet for millionaires from all over the world, Phoenix Business Advisory has also become the world’s leading business management consulting firms, whose services are open to all the entrepreneurs, SMEs, MSMEs and other business owners who aspire to diversify, expand or start a new business in Australia.
In fact, after Phoenix Business Advisory CEO Mr. M.P. Singh, an Australian citizen with roots in India, appeared in a CNBC interview and the company gained traction in prominent media like Yahoo, The Times of India and Bloomberg, the number of inquiries about their services has gone up. Every day, Phoenix Business Advisory tackles an average of 500 inquiries from India regarding migration to Australia. After Coronavirus pandemic, Australia has emerged as the most preferred destination among businessmen.