Wealthy Japanese Eyeing Overseas Relocation
In a significant survey conducted by the Royal Partners Administrative Scrivener Office, it was revealed that approximately
20% of wealthy individuals living in Japan are contemplating moving offshore in the future. This survey targeted high-net-worth individuals with financial assets exceeding 100 million yen, aiming to understand their perceptions regarding overseas relocation.
Background
The increasing trend towards globalization, alongside changing work styles and lifestyles, has sparked interest in living abroad for many. According to the Ministry of Foreign Affairs statistics, the number of Japanese residents living overseas has surged from about
580,000 in 1989 to an anticipated
1.3 million by 2024. This marks a long-term upward trend in the number of Japanese opting to live internationally. Wealthier citizens in particular seem to be considering migration for retirement, lifestyle choices, and tax benefits.
Survey Summary
- - Among wealthy residents in Japan, about 21.5% are open to the idea of relocating overseas.
- - The primary motivations for considering such a move include: 1) a desire for a more free lifestyle, 2) concerns about Japan's future, and 3) the appeal of living in a country with better climate.
- - Regions viewed as attractive relocation destinations include Asia and Oceania.
- - For tax optimization, many find countries like Singapore and Australia appealing.
- - Concerns when considering overseas migration center around security, healthcare, and language barriers.
- - When seeking information about overseas relocation, most trust experiences shared by others who have moved.
Detailed Findings
When asked about their future relocation plans, a staggering
78.5% answered 'no' to the possibility of moving internationally, leaving
21.5% who are considering relocating. This highlights that a small yet significant fraction of Japan’s affluent class is open to living abroad.
The reasons cited for these potential moves provide a fascinating insight into their motivations:
1.
Freedom (45.5%) - A significant portion wishes to embrace a lifestyle that allows for more freedom than currently experienced in Japan.
2.
Future uncertainties (44.1%) - Many expressed concerns regarding Japan's socio-economic future.
3.
Climate preferences (42.8%) - A better climate is also a draw.
In terms of desirable regions for relocation,
Asia emerged as the most attractive option for
55.2%, followed by
Oceania (41.4%) and
Europe (37.9%).
For tax advantages,
Singapore ranked highest (41.4%), with
Australia (33.8%) following closely behind.
Obstacles to Overseas Relocation
Despite these desires, potential movers also cited significant concerns. The top worries include:
1.
Safety (64.1%)
2.
Health services (55.2%)
3.
Language challenges (49.0%)
These barriers indicate that while the desire for relocation is present, there are undeniable apprehensions that come with it.
Trusted Information Sources
When it comes to gathering information about relocating abroad, respondents predominantly lean towards those who have firsthand experience, with
29.0% considering insights from migrants themselves as most credible. Followed by consultancy firms and experts (26.2%) and online articles (17.2%).
Conclusion
The survey results suggest that a noteworthy segment of Japan's affluent populace is contemplating moving abroad for various motivations, notably lifestyle freedom, security concerns, and climate. While regions in
Asia and
Oceania are favored, the hurdles such as
security,
healthcare, and
language barrier still loom large. Furthermore, the preference for reliable information sources underscores the importance of personal experiences over generic data in decision-making related to international migration.
The Royal Partners Administrative Scrivener Office, with its specialized
Vanuatu Citizenship Application Support Center, can bridge the gap, helping individuals navigate the legal landscape of overseas relocation which may ease the transition and address concerns. Available resources include citizenship applications, business establishment, and property purchases in Vanuatu, ensuring a thorough and trusted experience in the process.
For more information, visit
Royal Partners.