Research undertaken by graduates that have been employed by international financial advice firm deVere Group has revealed that the top three destinations for the organisation’s financial graduates to live and work are: the United Arab Emirates (UAE), New Zealand, and Italy.
The research which was undertaken during Q1 and Q2 this year, has UAE at the top of the tree due to what deVere calls UAE’s “well-developed banking and wealth management systems, tax-free income”, and the opportunity to work in a vibrant, multicultural environment.
New Zealand continues to attract graduates with its “progressive regulatory environment: and increasing number of HNW individuals.
And Italy’s blend of “rich cultural heritage and dynamic business environment” makes it another top choice for graduates, the research found.
Other popular destinations for deVere’s financial graduates include Australia, Spain and Portugal.
Nigel Green, pictured left, deVere Group CEO, said: “The UAE remains a prime destination for graduates, buoyed by its strategic position as a global financial hub and its appeal to migrating millionaires.“Foreign-born individuals account for more than 40% of the millionaire population in the UAE, and the majority of them will need specialist financial advice.
“Additionally, the UAE offers several residency schemes for investors, including long-term visas for entrepreneurs and investors.”
Looking at New Zealand he adds that the country’s ‘golden visa’ scheme, known as the Active Investor Plus Visa, requires an investment of at least $5m, offering residency to wealthy investors.
“This, combined with a strong emphasis on quality education, healthcare, and high standards of living, makes New Zealand an appealing destination for those looking to relocate for their careers and for the many lifestyle benefits,” he says.
On Italy, Green adds that the country is experiencing a rise in foreign-born millionaires, who seek “Italy’s robust banking and wealth management systems, investment opportunities in global stock markets”, and the high quality of life – and they will require international financial advice to ensure they fulfil their expat status to their full financial advantage.
“Cities like Milan are particularly attractive for their financial sectors. Italy also offers the “Investor Visa for Italy,” granting residency to non-EU citizens who invest significantly in the country, providing access to the Schengen Area,” he said.
