More & more rich leaving India in search of better investment opportunities

Resident individuals can remit up to $250,000 a year outside India under the Liberalised Remittance Scheme

Wealthy Indians are increasingly domiciling their families and businesses overseas for better investment opportunities, wealth preservation, lifestyle, and health care. Some of the most sought-after residential visas are for countries, such as the US, the UK, Portugal, and Greece. These jurisdictions provide various investment options, as well as attractive returns on real estate. 

“After the lull in immigration programmes during the initial phases of the pandemic, we are now seeing more and more families evaluating alternative residencies and citizenship programmes,” said Shilpa Menon, senior director, India, LCR Capital Partners, a US-based private investment and advisory services firm. “With plenty of