Top 10 Countries for Millionaire Migration in 2025

A major shift is underway in how global wealth is moving. In 2025, according to the Henley Private Wealth Migration Report, an estimated 142,000 millionaires are expected to migrate to new countries. This figure is projected to rise even further to 165,000 in 2026. This movement marks one of the largest voluntary shifts in private wealth in modern history.

These migrations are being driven by several factors: favorable tax regimes, safe and luxurious lifestyles, political stability, and access to global business hubs. In this context, countries are not only competing for skilled workers and investments, but also actively attracting high-net-worth individuals (HNWIs) to build stronger financial ecosystems.

Let’s explore the top 10 countries that are expected to receive the highest number of millionaire migrants in 2025.

Top 10 Countries for Millionaire Migration in 2025

United Arab Emirates

The UAE remains the leading destination for millionaire migration, with a forecast of 9,800 new millionaires relocating there in 2025. Dubai and Abu Dhabi continue to attract wealthy individuals due to:

• Business-friendly laws
• World-class infrastructure
• Safety and tax advantages
• The highly successful golden visa program

The UAE is seeing strong interest from wealthy individuals in the UK, India, Russia, Africa, and Southeast Asia. Its projected wealth inflow for 2025 is valued at 63 billion US dollars, with a 98 percent increase in its millionaire population.

United States

The United States remains a top destination for wealth migration, expecting to attract 7,500 millionaires in 2025. It offers:

• Access to the world’s largest economy
• Renowned education and healthcare systems
• Strong business and innovation environments

Its millionaire growth is projected at 78 percent, and the total wealth inflow is estimated to be 43.7 billion US dollars.

Italy

Italy has emerged as a surprising winner, ranking third globally with 3,600 millionaires expected to move there. This rise is credited to:

• Lifestyle appeal in cities like Rome, Milan, and Florence
• New tax incentives for wealthy foreigners
• Rich cultural and historic value

Italy is projected to gain 20.7 billion US dollars in private wealth, with a 20 percent growth in millionaire population.

Switzerland

With its long-standing reputation for banking privacy and political neutrality, Switzerland continues to attract HNWIs. In 2025, it is set to welcome 3,000 millionaires, bringing in an estimated 16.8 billion US dollars in new wealth.

The country is experiencing a 28 percent rise in its millionaire population, reflecting strong global trust in its economic system.

Saudi Arabia

Saudi Arabia is the fastest riser in this year’s ranking. It is projected to gain 2,400 new millionaires, many of whom are returning citizens or international investors drawn to:

• Rapid economic reforms under Vision 2030
• Mega-projects like NEOM
• New lifestyle offerings in cities such as Riyadh and Jeddah

The country will see an inflow of around 18.4 billion US dollars, with a 55 percent surge in millionaire growth.

Singapore

A major Asian wealth hub, Singapore continues to attract entrepreneurs and investors, particularly from China, India, and Southeast Asia. With 1,600 millionaires expected to arrive in 2025, it offers:

• A highly regulated but low-tax environment
• Global connectivity
• Political and social stability

Singapore’s projected wealth inflow is 8.9 billion US dollars, and millionaire growth is pegged at 62 percent.

Portugal

Portugal ranks seventh on the list, drawing in 1,400 new millionaires thanks to its:

• Golden visa program
• Quality of life
• Coastal real estate and favorable climate

Portugal is expected to gain 8.1 billion US dollars in new wealth and record a 38 percent increase in its HNWI population.

Greece

Greece follows closely, with 1,200 millionaires projected to migrate there. The country has become attractive due to:

• Low cost of living for Europe
• Investment opportunities in tourism and property
• The golden visa scheme

It will gain an estimated 7.7 billion US dollars, with a 24 percent increase in its millionaire count.

Canada

Canada continues to be a preferred destination for wealthy individuals looking for political stability, quality healthcare, and peaceful living. With 1,000 millionaire arrivals forecasted for 2025, Canada offers:

• A strong passport
• Safe investment opportunities
• High education standards

Its expected wealth inflow is 5.7 billion US dollars, with a 26 percent millionaire growth rate.

Australia

Tied with Canada in net millionaire inflow, Australia will also welcome 1,000 millionaires in 2025. Although it has seen declining numbers compared to previous years, the country remains attractive for its:

• Stable government
• Strong real estate market
• Access to Asia-Pacific business networks

Australia is expected to add 5.6 billion US dollars to its economy from this migration, with a 30 percent increase in HNWIs.

India’s Position in 2025

India is not among the top 10 destinations for millionaire migration in 2025. Instead, it ranks 57th globally, with a net outflow of around 3,500 millionaires. Many Indian HNWIs are relocating for:

• Better lifestyle
• Safer environments
• Educational and financial advantages abroad

Despite this outflow, India’s millionaire population has grown by 72 percent in the last decade, indicating strong internal wealth creation.