Top Residence-by-Investment Cities for Business
With the rapid increase in private wealth, people constantly seek opportunities to invest in businesses. The China-US trade wars, Covid-19, are hitting globally and making everyone work from home. These incidents have caused people to consider investing in different cities for a better future.
To that end, every person is looking for various opportunities to expand their assets to be prepared for the foreseen scenarios. Therefore, in association with Deep Knowledge Analytics, Henley and Partners released the top residence-by-investment cities for business.
Are you also one of those looking for the opportunity to settle a new business venture in a new location? Unsure which could be the most suitable option?
This article includes the details of some of the world’s capitals and cities that can be a profitable pick for your future investments.
Let’s get straight into it!
Best Residence-by-Investment for Business Purpose
This business index released by Henley and Partner includes the top 25 cities that wholeheartedly welcome entrepreneurs, high net worth individuals, professionals, industry owners, and other successful business individuals who require residence through investment immigration programs.
Moreover, the list includes all the essential factors before considering any place to move in. Let us look at the top 10 cities one by one.
1. London
London leads the list of residence-by-investment cities in the business index. The UK owns stable power across the globe, both politically and economically. London is the world’s financial capital, promoting a business environment for every business individual.
Furthermore, the developed infrastructure, a well-maintained quality of life, and access to exceptional educational and other developmental opportunities have made London the best-ranked city in all 10 parameters. Plus, London also has an attractive market for real estate investors due to the high potential of the local market.
2. New York
New York is considered the best investment place for individuals with high net incomes. It offers the most increased opportunities for the people looking for new business ventures, indicating its status as a global place for commerce and finance, blending luxury and cultural lifestyle, top-class education, and an ideal real estate market.
Several leading companies and industries have their headquarters in New York since it is a city characterized by a large amount of domestic investment.
3. Sydney
Sydney owns a respected and reputable place as one of the wealthiest cities worldwide. It is a multi-cultural city with developed educational standards and offers a luxurious lifestyle to its people.
Consequently, it provides its residents with a great way of living, economic freedom, and protection of political rights and civil liberties—people living there feel themselves to be safe.
4. Singapore
Despite hitting the pandemic, the number of wealthy people in Singapore increased significantly after 2020, making it an ideal pick for business investments and residence.
The constant government efforts to protect against the virus have reinforced the city’s status and reputation, making it safe and a center of attraction for many global citizens.
Many people are looking forward to its immigration residence plans to settle with their families to provide them with the best lifestyle. Each city has distinct charms and regional benefits, attractive tax allowance, and a business-friendly atmosphere.
5. Zurich
Zurich is on the list of top cities offering its residents an enjoyable and beneficial lifestyle. Its popularity is low tax rates and an economically and politically stable environment.
Moreover, the city welcomes foreigners wholeheartedly and offers suitable policies to promote their business ventures. It is considered a hub for business recreation.
6. Los Angeles
Los Angeles is another welcoming city containing the second biggest population of the wealthiest people. It offers an ideal combination for people with a high-class lifestyle, talented and hardworking workers, and top-class universities.
Consequently, the city has accommodated many entrepreneurs and accepted the businesses of investors from almost every part of the globe.
7. Barcelona
Previously, the position of Barcelona was considered to be an excellent place to visit with beautiful attractions. However, it is now regarded as one of the best business places.
The city has become one of the leading global platforms for innovation and talent, with a thriving innovation scene and an impressive talent pool.
8. Hong Kong
Hong Kong is a leading metropolis with a blend of Western and Eastern cultures and traditions. It is popular among people in business as one of the most business-friendly cities with top-notch infrastructure.
Moreover, the city offers an economical open space with low taxation and a free market, making it an international trade and finance center.
9. Vienna
Vienna is one of the popular cities known for its high quality of life and favourable environmental conditions for businesses. It has rich culture full of colours and provides record safety to its residents.
With a stable and well-developed economy and awe-inspiring natural attractions, it makes a fantastic place to live and explore.
10. Toronto
Toronto is known for its cleanliness, high living standards, and excellent infrastructure. Canada’s capital city is the best location to invest in luxury real estate and can be your second home.
Moreover, it has also been voted the world’s best city where people love to reside and spend time.
Top Residence Cities from Every Parameter
Since we have discussed the top 10 cities that accept foreigners and offer them the best lifestyle to make them permanently reside. In this section, we will discuss the speciality of each city from every parameter.
For example, which city is the best option for Covid safety, education, tax relief, security, weather, medical and healthcare opportunities, and economic and financial stability. Let us discuss each factor separately.
1. Top Investment with Taxes
If you want to reside in a country or city with minimum tax or leverage in taxes, Dubai is at the top of the list with a perfect 100 score. It is not surprising how the Dubai government has maintained an amazingly favourable and reasonable tax regime.
After Dubai, the 2nd location in terms of taxes is Monaco, whose residents (except French people) are not subjected to paying capital gains, wealth tax, or income tax. Moreover, Hong Kong is in 3rd place in tax relief countries.
2. Best Location for Covid Safety
Singapore tops the list of residing cities for investment if you want options with extra Covid safety. The government in Singapore has taken significant measures to make their country a protective place against Covid.
Moreover, Singapore is followed by Dubai and London for responding efficiently against Covid. The UAE and UK authorities have dealt with the Covid with comprehensive economic stimulus offers for business owners and stakeholders. They have also offered packages to all workers and businesses of all sizes to ensure every company is sustainable during the pandemic.
3. Residence Cities with Best Educational Standards
New York scores 100/100 if you look for a residential city with top-notch educational opportunities. It owns more than 130 tertiary educational institutions that are more than in any USA state. The famous and reputed world universities in New York include Cornell University, New York University, and Columbia University.
However, London stands in the 2nd place, offering an impressive educational infrastructure. It owns the pride of renowned universities such as the University of Cambridge and Oxford University. After London, Los Angeles stands at 3rd with the pool of talented and skilled graduates.
4. Best Residence City for the Highest Standard Lifestyle
Singapore is also preferable for people looking for the highest living standards while maintaining their businesses. Moreover, the country has scored 10 points for its economic and political stability, applications of laws, democratic freedom of people, and regulation of rules by government authorities. Consequently, the citizens are benefitted from rich cultures and enjoy the focus on sustainability.
However, the country is closely followed by Zurich and Sydney. These cities offer a high-quality lifestyle with enhanced luxuries, a clean environment, and reduced environmental pollution.
Best Residing Cities for Healthcare Opportunities
With almost 7 points, Zurich stands first for its excellent healthcare and medical facilities. As the swiss system relies partially on the private sector, Zurich is filled with a network of talented doctors, well-equipped clinics, and hospitals.
Moreover, the citizens can choose their doctors as many available options. Furthermore, people have unlimited access to these facilities after an accident or emergency.
Sydney and Barcelona stand at 2nd and 3rd position respectively. More than half of the population in Sydney prefer private healthcare options covering insurance.
In contrast, Barcelona’s medical facilities and healthcare system have exceptionally high standards, with many people travelling there for treatments. They are also continuously evolving to maintain high standards.
Bottom Line – Top Residence by Investment Cities for Business
Since there are 25 residence-by-investment cities for business purposes, people prefer to reside permanently in a town with a stable infrastructure and uniform quality of life.
Even though every city welcomes foreigners and entrepreneurs proactively and creates opportunities for them, some lead the list due to exceptional qualities. Therefore, before deciding which city you are moving in, think deeply about each aspect and make your move.
