Lucchini also noted that a significant portion of capital is directed to Switzerland, where his company has an office. Investments in life insurance in Luxembourg, which are a sought-after annuity product with tax advantages, are typically chosen by wealthy clients. This is just one manifestation of the political instability in France, where some wealthy families have already begun to leave the country.
“Many French people moved to Switzerland between 1980 and 2010. However, after Macron was elected in 2017, there was a decline, and many hoped for an improvement in the situation. Now this process has resumed,” shared his observations Swiss lawyer Philippe Kenel.
