La gran fuga fiscal: ¿hacia dónde huye el dinero global?

The global tax evasion story explores the various jurisdictions competing for the world's wealthiest taxpayers amidst geopolitical tensions, fiscal reconfigurations, and economic volatility. As wealth moves around the world, it has evolved from mere tax optimization strategy to an integral part of institutional security and international convenience.

This is reflected in the Henley & Partners report on international wealth mobility for the 2026 horizon, which evaluates the structural strength, legal stability, and migratory appeal of the most competitive destinations for global capital.

Singapore (79.5 points) and New Zealand (75.8 points) stand at the top of the classification as undeniable leading jurisdictions. Singapore consolidates its position as the financial capital of the East, backed by a strong rule of law, deep capital markets, and a highly sophisticated ecosystem of family offices. It continues to absorb capital from Mainland China and Hong Kong despite stricter regulatory requirements, demonstrating that even with more stringent regulations, the appetite for its stability remains undiminished.

On the other end of the spectrum, New Zealand offers peace and security far from conflicts in the Middle East. Following the relaunch of its investor visa program (Active Investor Plus), it has established itself as the premier refuge for long-term wealth and family planning. Europe dominates the strong wealth mobility markets. Cyprus (73.5) consolidates as a corporate bridge to the Middle East and Africa, while the Netherlands (72.8) brings institutional solidity.

Portugal (72.5) loses ground due to bureaucratic hurdles. In contrast, Italy (72.3) emerges strong with its flat tax and the rise of Milan, while Greece (70.5) and Latvia (71.7) gain ground by offering stability and tax advantages in the face of golden visa closures elsewhere in the continent.

Switzerland (70.8) and Monaco (70) maintain their status. The Swiss country is a refuge for capital due to its political neutrality, private banking, and lump-sum tax regime, while the Principality of Monaco remains the pinnacle of security and luxury for multimillionaires, where space scarcity hinders their growth. In the Caribbean and the Atlantic, consolidated spots like the Cayman Islands (74.3) and Bermuda (72.0) demonstrate that fiscal neutrality combined with Anglo-Saxon legal ecosystems of maximum reputation is still unbeatable for structuring global funds and investments.

However, one of the most revealing trends in the report is the rise of Latin America as a destination for wealth attraction. Uruguay (71.8) positions itself strongly as the most predictable and institutionally mature country in the region. Its attractive tax advantages for new residents attract not only Latin American elites fleeing local instability but also American and European investors.

In Central America, Panama (71.5) consolidates its weight due to its territorial fiscal system, dollarized economy, and highly accessible residence visas. Costa Rica (70.2) crowns as the green revelation of global wealth: its tradition of peace and political neutrality, combined with an enviable quality of life, make it a strategic base for families prioritizing diversification and sustainability.