BUSINESS

PREMIUM EDUCATION WITH CITIZENSHIP RIGHTS CREATES SIGNIFICANT OPPORTUNITY - HENLEY & PARTNERS STUDY

14/02/2024 05:06 PM

KUALA LUMPUR, Feb 13 (Bernama) -- International wealth advisory firm Henley & Partners has published pioneering new research into how first-class education, combined with expanded global access rights, creates significant opportunity for the next generation.

According to a statement, these opportunities enable them to grow their global networks, maximise their career prospects, earning potential, and economic mobility for greater success and prosperity across their lifetimes.

The Henley Opportunity Index, a proprietary new benchmarking tool showcased in the firm’s inaugural Henley Education Report, quantifies the impact and probability of success that a premium education coupled with additional residence rights and/or alternative citizenships acquired via investment migration, can have on preserving and growing multi-generational wealth.

Henley & Partners Group Head of Private Clients, Dominic Volek said both education and investment migration are ‘inter-generational enablers’ and this is the first study of its kind that attempts to measure the comparative advantage of this potent combination.

“Our index helps guide families on tailored investment migration strategies to clear pathways for their children and heirs to access the world’s best schooling, most lucrative job markets, and enhanced quality of life through the privileges and flexibility of alternative residence and citizenship by investment options that give them the right to study, live, work, and invest in countries of their choice,” he said.

Using the comparative function of the Henley Opportunity Index, a Filipino family whose total opportunity score sits at just 23 per cent in their home country, could raise the probability of success for the next generation to 82 per cent by accessing residence rights in the United States (US) via the US EB-5 Immigrant Investor Program.

Similarly, for a Vietnamese family on 24 per cent, relocating to Switzerland through the Swiss Residence Program would increase their advantage to 85 per cent, and for Nigerians with an opportunity score of just 14 per cent, an investment in the Singapore Global Investor Program, would uplift their life chances by 65 per cent to a remarkable 79 per cent.

As Henley & Partners Education Director, Tess Wilkinson points out in the report, education alone cannot guarantee opportunities in the future job market.

“Investing in your child’s education is universally acknowledged as one of the best ways to set them up for success later in life, with multiple studies showing that those with tertiary qualifications earn around 50 per cent more,” added Wilkinson.

The Henley Opportunity Index identifies 15 attractive investment migration pathways into countries that are prime locations for educators, entrepreneurs, and inheritors aiming to thrive in coming decades.

-- BERNAMA


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