Just a few months after the announcement of the possible abolition of the Portuguese NHR Regime, the British "res-non-dom" regime is also heading for drastic reform. At an EU Level, the European Commission is attempting to launch a fight against preferential tax schemes, although the strings to its bow may result not so effective. In this scenario a question has been spreading around the private client industry: are we heading for a major relocation of HNWIs in the coming months?