Dubai Marina, a popular destination for relocating millionaires. Photo: X
Abu Dhabi: The United Arab Emirates (UAE) is projected to attract the highest number of millionaire migrants globally in 2025, with a net influx of 9,800 high-net-worth individuals (HNWIs), according to the Wealth Migration Report 2025 by Henley & Partners and New World Wealth.
This marks a significant rise from 6,700 HNWI arrivals in 2024, reinforcing the UAE’s position as the world’s leading destination for wealth migration. HNWIs are defined as individuals with more than USD 1 million in liquid assets.
The UAE’s favourable tax policies, political stability, and investor-friendly environment continue to attract affluent individuals from across the globe. The country’s long-term residency schemes, such as the Golden Visa programme, play a key role in drawing international investors, entrepreneurs, and wealthy families.
The United States is expected to receive 7,500 millionaire migrants in 2025, ranking second globally, followed by Italy and Switzerland. Saudi Arabia is also seeing remarkable growth, with 2,400 inbound millionaires projected this year — an eightfold increase compared to 2024.
Other top destinations include Australia, Singapore, Portugal, and Greece, most of which operate formal investment migration programmes that offer residency or citizenship in return for capital investments.
| Rank | Country | Millionaire migration | Estimated wealth of migrants (USD bn) |
|---|---|---|---|
| 1 | UAE | 9,800+ | 63.0 |
| 2 | USA | 7,500+ | 43.7 |
| 3 | Italy | 3,600+ | 20.7 |
| 4 | Switzerland | 3,000+ | 16.8 |
| 5 | Saudi Arabia | 2,400+ | 18.4 |
| 6 | Singapore | 1,600+ | 8.9 |
| 7 | Portugal | 1,400+ | 8.1 |
| 8 | Greece | 1,200+ | 7.7 |
| 9 | Canada | 1,000+ | 5.7 |
| 10 | Australia | 1,000+ | 5.6 |
On the other hand, the United Kingdom is forecast to experience the largest net outflow of millionaires, with 16,500 HNWIs expected to relocate elsewhere in 2025. China is set to lose 7,800 millionaires, while India and South Korea are likely to see net outflows of 3,500 and 2,400 respectively.
Several major European economies are also projected to lose wealthy residents, including France (-800), Spain (-500), and Germany (-400). Ireland, Norway, and Sweden are forecast to witness smaller, yet notable, declines in their HNWI populations.
| Rank | Country | Millionaire migration | Estimated wealth of migrants (USD bn) |
|---|---|---|---|
| 1 | United Kingdom | -16,500 | 91.8 |
| 2 | China | -7,800 | 55.9 |
| 3 | India | -3,500 | 26.2 |
| 4 | South Korea | -2,400 | 15.2 |
| 5 | Russia | -1,500 | 14.7 |
| 6 | Brazil | -1,200 | 8.4 |
| 7 | France | -800 | 4.4 |
| 8 | Spain | -500 | 3.1 |
| 9 | Germany | -400 | 2.2 |
| 10 | Israel | -350 | 2.5 |
In total, a record 142,000 millionaires are expected to relocate globally in 2025 — the highest figure ever recorded.
According to the report, high-net-worth families are choosing to relocate for a combination of reasons:
The influx of millionaires brings wide-ranging economic advantages:
Tax differences between countries remain a key reason behind rising millionaire migration. Capital gains tax and estate duties are often the main considerations for relocating HNWIs.
Most top destinations — including the UAE, Singapore, Australia, Canada, and Switzerland — either do not impose estate duties or keep rates very low. Similarly, several wealth hubs such as the UAE, Bermuda, Cayman Islands, Hong Kong, and Mauritius do not levy capital gains tax, making them especially attractive to wealthy individuals, particularly in finance.
This post was last modified on July 28, 2025 8:21 pm