TL;DR

Considering relocating abroad in response to tax changes and uncertainty in the UK?

While the media may hype up a “millionaire exodus,” the reality is far more nuanced. If you’re a high-net-worth individual (HNWI), this guide explores the financial, logistical, and personal considerations to ensure your move is discreet, informed, and stress-free.

The Truth Behind the Tax Changes

Recent adjustments to the UK’s tax regime have sparked growing interest among high-net-worth individuals about relocating abroad. The changes include:

• The abolition of the non-dom regime from April 2025, which will impact those previously benefiting from remittance-based taxation.
• Capital gains tax reforms, narrowing tax advantages on overseas assets.
• A general increase in scrutiny and compliance for offshore structures and income.

While these reforms are significant, they don’t automatically require an international move. According to Henley & Partners, the UK is forecast to lose over 16,000 millionaires in 2025, but this still represents less than 1% of the UK’s HNWI population.

📌 Key takeaway: Moving for tax reasons is complex, and only a small percentage of those affected by changes actually relocate. That said, for those who do, proper planning is essential.

Do You Really Need to Move – or Just Rethink Residency?

For some, relocating isn’t necessary: it’s more about redefining residency or citizenship. There are strategic options that offer tax advantages without fully cutting ties with the UK:

• Golden visa schemes in countries like Portugal, Greece, and Spain.
• Establishing primary tax residence in a jurisdiction with favourable rates, such as Monaco or the UAE.
• Leveraging citizenship-by-investment programmes to gain mobility and reduce exposure to UK tax.

However, it’s important to note that changing tax status doesn’t always require physically relocating your family and assets. This is where experienced advisors and relocation partners become invaluable.

📌 Key takeaway: Speak to both a tax advisor and a relocation expert before assuming a permanent move is the best, or only option.

Your Move, Your Way: Key Considerations for HNWIs

Relocating abroad as a HNWI involves a range of additional complexities that go far beyond packing boxes. You’re not just changing location; you’re reshaping your financial, legal, and family landscape.

Legal and Financial Planning

• Asset structuring: Ensure that trusts, offshore entities, and property holdings are compliant with your new country’s laws.
• Inheritance and succession laws: Many countries operate on forced heirship rules that differ from the UK.
• Tax harmonisation: Avoid double taxation through planning and use of bilateral tax treaties.

Family and Lifestyle Considerations

• Education: From international schools to university transfers, planning for your children’s education is crucial.
• Healthcare access: Understand what public and private healthcare options are available in your new country.
• Cultural fit: Will your family adapt to the language, customs, and pace of life in the new destination?

📌 Key takeaway: Your move should support not just your financial goals, but your quality of life and long-term family wellbeing.

Why Confidentiality, Logistics, and Speed Matter

For high-profile individuals, privacy is non-negotiable. At Crown Relocations, we understand the need for absolute discretion and time-sensitive planning.

Discretion at Every Stage

• Secure packing and shipping of high-value assets, artwork, and personal effects.
• VIP handling protocols, including unbranded vehicles and limited personnel access.
• Confidential destination sourcing, often required before properties are listed publicly.

Coordinated, Seamless Experience

• Immigration support to streamline visa applications and residence permits.
• Storage options worldwide, with climate-controlled, secure facilities.
• On-the-ground settling-in support: utility setup, local registrations, cultural orientation.

📌 Key takeaway: HNWI relocations demand more than a standard move, they require a fully project-managed, white-glove service tailored to your profile.

How Crown Relocations Supports High-Profile Moves

At Crown, we don’t just help you move, we make sure you arrive ready to thrive. Our team of relocation specialists and international advisors has decades of experience working with:

• Entrepreneurs and business owners
• Senior executives and C-suite leaders
• Athletes, entertainers, and public figures
• Families with complex asset portfolios and international footprints

From the moment you get in touch, we assign a dedicated move manager who coordinates every detail. We work seamlessly with your legal, financial, and property teams to ensure that every decision, from schools to storage, is aligned with your unique goals.

And for clients working with law firms, estate agents, or family offices, we offer flexible partner collaboration models to deliver the best end-to-end experience.

📌 Key takeaway: Crown Relocations isn’t just a moving service, it’s a trusted strategic partner for high-profile individuals navigating change.

Ready to Make the Right Move?

While media narratives may exaggerate the scale of millionaire migration, the underlying sentiment is real: more high-net-worth individuals are exploring their options. Whether your motivation is financial, lifestyle-driven, or a combination of both, we’re here to support your journey with confidence, care, and complete discretion.

Speak to our private client team for a bespoke relocation plan that protects your assets and your peace of mind.

📞 Call us on: +44 204 579 2017
📧 Email: [email protected]
🌐 Learn more: www.crownrelo.com

FAQs

Q: Is it legal to relocate for tax purposes?

A: Yes, but you must comply with both UK exit rules and the entry/residency laws of your new country. Always consult a tax advisor.

Q: What’s the difference between tax residence and domicile?

A: Tax residence is where you’re currently liable to pay taxes. Domicile refers to your long-term home country and can affect inheritance and income tax.

Q: How long does a HNWI relocation take to plan?

A: Depending on complexity, anywhere from 2–6 months. Early planning is essential to avoid pitfalls.