Key Findings of the HSBC Survey

A recent survey conducted by HSBC between April and May 2025, polled 2,939 business owners globally. respondents qualified with at least $2 million in investible assets or a total net worth of $20 million. The results indicate a growing trend of relocation among this demographic, driven primarily by concerns about re-establishing business operations.

According to the HSBC report, 57% of business owners are considering adding a new residence within the next 12 months, a slight increase from 55% in the previous year’s survey. This trend is notably pronounced among Gen Z entrepreneurs, with over 75% expressing interest in relocation.

Though, the primary driver for this potential move isn’t simply a desire for a change of scenery. A significant 36% of respondents cited concerns about re-establishing their business operations as a key factor influencing their decision. This suggests a growing anxiety about geopolitical stability, supply chain disruptions, and regulatory uncertainty.

Motivations Beyond Lifestyle: A shift in Priorities

Traditionally, relocation decisions among high-net-worth individuals have been linked to factors like lifestyle improvements, tax optimization, and retirement planning. While these motivations remain relevant, the HSBC survey highlights a growing emphasis on business continuity and operational resilience.

The increasing prominence of business concerns suggests that entrepreneurs are proactively seeking locations that offer a more stable and predictable environment for their ventures. This could involve diversifying their geographic footprint, mitigating risks associated with political instability, or accessing more favorable regulatory frameworks.

While the survey doesn’t detail *where* entrepreneurs are looking to relocate, it implies a search for jurisdictions offering greater certainty and support for business operations. This could benefit countries with strong legal systems, robust infrastructure, and a commitment to free trade.

Generational Differences: gen Z Leads the Charge

The survey reveals a notable generational divide in relocation intentions. Gen Z entrepreneurs (those born between 1997 and 2012) demonstrate a significantly higher propensity to consider a move, with over 75% expressing interest. This suggests that younger entrepreneurs may be more adaptable and willing to embrace geographic mobility as a strategic advantage.

This could be attributed to several factors, including a greater comfort with remote work, a more global outlook