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What's On
23-07-2025
- Business
- What's On
The UAE tops the world for millionaire migration in 2025
The UAE has once again cemented its position as a global magnet for wealth, topping the charts for millionaire migration in 2025. According to projections by New World Wealth via Henley & Partners, a staggering 9,800 millionaires are expected to move to the Emirates this year the highest net inflow globally. Trailing behind are the United States with 7,500 and Italy with 3,600, but the UAE's lead is unmistakable. So, what's drawing the world's high-net-worth individuals (HNWIs) to this part of the world? A wealth-friendly ecosystem The UAE's appeal is deeply rooted in its tax-friendly policies, streamlined residency programs, property investment opportunities, and luxury lifestyle offerings. With no personal income tax and an ever expanding range of long-term visa options for investors, entrepreneurs, and skilled professionals, the country makes it easy for millionaires to relocate and stay. Add to that the fact that it's home to one of the world's safest cities, along with Michelin-starred dining, world-class healthcare, and top-tier international schools, and it's easy to see why the UAE is more than just a destination, it's a launchpad for global wealth. Where opportunity meets lifestyle At the center of this global migration of wealth is Dubai, a city that has redefined itself as both a luxury haven and a launchpad for opportunity. More than just a glamorous destination, Dubai offers world-class infrastructure, forward-thinking policies, and a secure, stable environment for families and businesses alike. Long known as a magnet for the affluent, Dubai is now experiencing an unprecedented influx of ultra-high-net-worth individuals and the momentum shows no signs of slowing. It's no longer just a place where wealth arrives. It's where the future of global wealth is being shaped. Image: Archive > Sign up for FREE to get exclusive updates that you are interested in
Indian Express
10-07-2025
- Business
- Indian Express
Top 10 countries for millionaire migration in 2025: India faces major wealth exodus as millionaires leave in droves
Top 10 countries for millionaire migration in 2025: A major shift in global wealth migration is reshaping the financial landscape. According to the Henley Private Wealth Migration Report 2025, a record 142,000 millionaires are expected to relocate across borders this year, surging to a projected 165,000 by 2026. The United Arab Emirates (UAE) continues to top the list of destinations attracting high-net-worth individuals (HNWIs), with an estimated inflow of 9,800 millionaires in 2025. This trend is driven by strong interest from regions including the United Kingdom, India, Russia, Southeast Asia, and Africa, aided by the UAE's appealing golden visa policy. In stark contrast, the United Kingdom is projected to witness the highest outflow of millionaires, with around 16,500 expected to leave. This is more than double the expected outflow of 7,800 from China, which ranks second in millionaire losses this year, having led that trend for the past decade. Saudi Arabia has emerged as the fastest riser, with 2,400 new millionaires expected, largely driven by returning citizens and foreign investors flocking to cities like Riyadh and Jeddah. Traditional wealth hubs such as Singapore, Australia, Canada, and New Zealand are seeing historically low inflows this year, signalling a waning appeal among affluent entrepreneurs. The unprecedented movement of millionaires constitutes the largest voluntary transfer of private wealth in contemporary history, heralding a significant realignment of economic power. As a result, countries today are competing not only for talent but also for the accompanying wealth, which could establish them as new wealth centres. Below are the top 10 countries projected to attract the largest net inflows of high‑net‑worth individuals (HNWIs) this year: Source: New World Wealth Note: India is not among the top 10 countries attracting millionaires in 2025; instead, it is in the bottom three this year, ranking #57 globally. This is because it is expected to experience a net outflow of approximately 3,500 millionaires in 2025, as Indian HNWIs are moving abroad in search of lifestyle, security, education, and fiscal benefits. Nonetheless, despite the outward migration, India's millionaire population has grown by 72 per cent over the past decade (2014 to 2024), showcasing a strong domestic wealth creation trend. Cherry Gupta is an Assistant Manager - Content at The Indian Express. She is responsible for crafting compelling narratives, uncovering the latest news and developments, and driving engaging content based on data and trends to boost website traffic and audience engagement. One can connect with her on LinkedIn or by mail at ... Read More
Scoop
26-06-2025
- Business
- Scoop
Millionaires On The Move: UK Braces For Historic Wealth Flight As Global Migration Peaks
London, 24 June 2025 A record-breaking 142,000 millionaires are projected to relocate internationally this year, with the UK expected to see the largest net outflow of high-net-worth individuals (HNWIs) by any country since international investment migration advisory firm Henley & Partners and global wealth intelligence firm New World Wealth began tracking millionaire migration 10 years ago. Advertisement - scroll to continue reading According to the Henley Private Wealth Migration Report 2025 published today, the UK is forecast to lose a staggering –16,500 millionaires in 2025 — more than double the anticipated –7,800 net outflow from China, ranked 2nd this year after topping the millionaire-loser leaderboard every year over the past decade. In stark contrast, the UAE retains its crown as the world's leading wealth magnet, with a record net inflow of +9,800 relocating millionaires expected this year — over 2,000 more than the US in 2nd place. +7,500 new wealthy migrants are expected to make America home by year-end. Dr. Juerg Steffen, CEO at Henley & Partners, says this sharp divergence highlights the rising influence of strategic wealth migration on global economic power shifts. '2025 marks a pivotal moment. For the first time in a decade of tracking, a European country leads the world in millionaire outflows. This isn't just about changes to the tax regime. It reflects a deepening perception among the wealthy that greater opportunity, freedom, and stability lie elsewhere. The long-term implications for Europe and the UK's economic competitiveness and investment appeal are significant.' Europe's wealth hubs in retreat — and reinvention The UK is not alone in its struggles. For the first time, EU heavyweights France, Spain, and Germany are expected to see net HNWI losses in 2025 — with projected net outflows of –800, –500, and –400 millionaires, respectively. Ireland (–100), Norway (–150), and Sweden (–50) are also beginning to see significant wealth losses, with many affluent Europeans relocating to more investor-friendly hubs on the continent. Key beneficiaries of this trend are Switzerland, set to attract a net gain of +3,000 migrating millionaires this year, while Italy, Portugal, and Greece are also forecast to see record inflows of +3,600, +1,400 and +1,200, respectively — driven by favorable tax regimes, lifestyle appeal, and active investment migration programs. Southern Europe is fast emerging as a new center of gravity for wealth migration in the region, with Monaco (+200) remaining popular, especially among ultra- HNWIs from the UK, Africa, and the Middle East. Europe's smaller markets are also gaining strong momentum. Montenegro (+150) tops global millionaire growth over the past decade with a remarkable 124% increase in resident millionaires, driven in part by its citizenship by investment program (operational from 2019 to 2022), low taxes, Adriatic coastline, and EU accession prospects. Malta (+500) follows with 87% growth, though its trajectory may be impacted by April's European Court of Justice ruling against its citizenship by naturalization process. Latvia is also on the rise, with 70% millionaire growth between 2014 and 2024, and a projected net inflow of another +100 HNWIs this year. Andrew Amoils, Head of Research at New World Wealth, says 'If one reviews the fastest growing wealth markets in the world over the past decade, it is noticeable that most of these countries are either popular destinations for migrating millionaires — such as Montenegro, the UAE, Malta, the USA, and Costa Rica — or emerging market tech hubs like China, India, and Taiwan. This demonstrates the importance of millionaire migration in driving new wealth formation in a country.' Global winners: Where the wealth is heading Outside of Europe, strong demand from the UK, India, Russia, Southeast Asia, and Africa, facilitated by attractive golden visa options, has reinforced the UAE's position as the world's most sought-after wealth haven (+9,800). Saudi Arabia is the biggest riser on this year's inbound list, projected to see a net inflow of +2,400 new millionaires in 2025, with the kingdom benefiting from a surge in returning nationals and international investors settling in Riyadh and Jeddah. As Misha Glenny, Rector at the Institute for Human Sciences in Vienna and an award-winning former BBC journalist, points out in the Henley Private Wealth Migration Report 2025, 'President Trump's decision to bomb Iran's nuclear facilities before toying with the idea in public of regime change has thrown the whole pack of cards up into the air. Many will now likely hedge while waiting to see what the short-term and mid-term fall out of these developments are.' Traditional destinations such as Singapore (+1,600), Australia (+1,000), Canada (+1,000), and New Zealand (+150) appear to be losing their appeal for wealthy entrepreneurs, with their lowest net inflows on record provisionally expected in 2025. Thailand (+450) is rapidly emerging as Southeast Asia's new safe haven, with Bangkok positioning itself as a key rival to Singapore. Thailand's vibrant capital is increasingly favored by HNWIs from China, Vietnam, and South Korea, drawn by its international schools, growing financial services sector, and high-end real estate offerings. Hong Kong (SAR China) (+800) is starting to see steady inflows from the rest of Asia following a challenging period of political uncertainty. Many top-earning executives from fast-growing hi-tech companies in Shenzhen are now basing themselves in the city-state. Likewise, Japan (+600) is seeing a higher HNWI influx, particularly from China, due to its relative security and political stability. Central American and Caribbean jurisdictions — including Costa Rica (+350), Panama (+300), the Cayman Islands (+200), and Bermuda (+50) — are all set to attract record numbers of wealthy migrants to their shores, and three African nations — Morocco (+100), Mauritius (+100), and the Seychelles (+50) — make it onto the inbound millionaire migration rankings for 2025. Global losers: Where the wealth is leaving Since the 2016 Brexit vote, the UK has shifted from being a net magnet for millionaires to a net exporter, with a record –16,500 HNWIs expected to leave in 2025. The latest surge is driven in part by sweeping tax reforms. The October 2024 budget introduced sharp hikes in capital gains and inheritance taxes, while new rules targeting non-domiciled residents and family wealth structures — enacted by the former Conservative government — came into effect in April, sparking what some are calling a 'WEXIT' (wealth exit). Affluent individuals are relocating to tax-friendly jurisdictions such as the UAE, Monaco, and Malta, as well as to lifestyle havens including Italy, Greece, Portugal, and Switzerland. Many high-earning execs are settling in the expanding wealth hubs of Dubai, Florida, Milan, St. Julian's, Lisbon, the Athenian Riviera, Zug, and Lugano. Prof. Trevor Williams, Chair and Co-founder at FXGuard and former Chief Economist at Lloyds Bank Commercial Banking, says the UK's economy has performed poorly over the past decade, and is the only nation in the W10 (the world's 10 wealthiest countries) that has seen negative millionaire growth. 'Since 2014, the number of resident millionaires in the UK dropped by –9% compared with the W10's global average growth of +40%. Over the same period, the US saw a 78% increase in millionaires — the fastest wealth growth among the W10.' In Asia, South Korea is expected to see significant net outflows of HNWIs in 2025 (–2,400), more than double last year's figure, following a period of economic and political turbulence. Vietnam (–300) is also beginning to see a worrying uptick in millionaire departures, and Pakistan (–100) continues to lose millionaires to the UAE. Taiwan (–100) presents a mixed picture: while its tech-driven economy remains robust with +65% millionaire growth over the past decade, growing tensions with China and a lack of luxury real estate options appear to be unsettling some of its wealthiest residents. Despite ongoing instability in the Middle East, Israel is expected to show relatively modest outflows (–350), primarily to the US, while Lebanon (–200) faces concerning losses, with many wealthy individuals relocating to Cyprus, Greece, and the UAE. Iran (–200) is also losing HNWIs to the UAE. BRICS bounces back bar Brazil In Latin America, Brazil (–1,200) and Colombia (–150) are both expected to see sizeable wealth drains, with popular destinations for departing millionaires being the US (especially Florida), Portugal, the Cayman Islands, Costa Rica, and Panama. Among other BRICS nations, China (–7,800), India (–3,500), Russia (–1,500), and South Africa (–250) are all on track to record their lowest net millionaire losses since Covid. Outflows from India and South Africa are being offset in part by the return of HNWIs from the UK, while in China, the booming tech hubs of Shenzhen and Hangzhou — as well as rapid growth in the entertainment and hospitality sectors — are encouraging more affluent Chinese to stay. As Dr. Parag Khanna, best-selling author and founder and CEO at AlphaGeo, notes in the Henley Private Wealth Migration Report 2025, Asia remains the world's most powerful economic engine and a rising force in global private wealth. 'Asia's wealth landscape is a dynamic blend of ambition and caution. Singapore and Japan are solidifying their reputations as global wealth havens, while China and India are balancing domestic opportunity with the desire for diversification. South Korea and Taiwan remind us that geopolitics can quickly change the rules of the game. As 2025 unfolds, Asia is set to remain at the center of global wealth trends, shaped by economic dynamism, policy innovation, and the ever-present search for security and growth. About Henley & Partners Henley & Partners is the global leader in residence and citizenship by investment. Each year, hundreds of wealthy individuals and their advisors rely on our expertise and experience in this area. The firm's highly qualified professionals work together as one team in over 60 offices worldwide. The concept of residence and citizenship by investment was created by Henley & Partners in the 1990s. As globalization has expanded, residence and citizenship have become topics of significant interest among the increasing number of internationally mobile entrepreneurs and investors whom we proudly serve every day. Henley & Partners also runs the world's leading government advisory practice for investment migration, which has raised more than USD 15 billion in foreign direct investment. Trusted by governments, the firm has been involved in strategic consulting and in the design, set-up, and operation of the world's most successful residence and citizenship programs.
Arab News
26-06-2025
- Business
- Arab News
Saudi Arabia to see 700% surge in millionaire inflows in 2025: Henley & Partners
RIYADH: Saudi Arabia is projected to attract 2,400 high-net-worth individuals in 2025, marking a sharp increase from the 300 millionaires estimated to have relocated to the Kingdom in 2024. This eightfold rise positions Saudi Arabia as the fastest climber in the Henley Private Wealth Migration Report 2025, published by Henley & Partners in collaboration with New World Wealth. Across the Gulf, the UAE continues to lead globally, forecast to attract 9,800 millionaires this year, the highest net inflow worldwide, followed by the US with 7,500. HNWIs are relocating to the Kingdom due to its ambitious Vision 2030 agenda, pro-business reforms, and growing investment opportunities. The surge in inbound wealth reflects the region's growing appeal to both returning nationals and international investors, particularly in Riyadh and Jeddah. Saudi Arabia has also introduced attractive residency programs, tax incentives, and a push to diversify the economy beyond oil. Juerg Steffen, CEO of Henley & Partners said that 2025 marks a 'pivotal moment' for global wealth migration, adding: 'It reflects a deepening perception among the wealthy that greater opportunity, freedom, and stability lie elsewhere.' Mega projects like NEOM, improved infrastructure, and a focus on tourism and fintech are drawing international interest. Additionally, the Kingdom offers political stability, regional influence, and a strategic location, making it an increasingly attractive destination for global wealth. Henley & Partner's report aligns with a recent study by consulting firm Capgemini, which highlighted the Middle East's growing appeal to next-generation high-net-worth individuals, citing geopolitical security and economic stability as key drivers of investment interest in the region. The analysis, published earlier in June, pointed specifically to Saudi Arabia's aggressive efforts to attract global wealth through its economic diversification strategies, positioning the Kingdom as a rising center for international capital. Capgemini also noted that the UAE is capitalizing on the same trend, with both Gulf economies drawing increased interest from global investors seeking high-growth markets and stable financial environments. UK biggest loser amid global shift Henley & Partner's recent report predicts that an unprecedented 142,000 millionaires across the world are expected to relocate in 2025. While Gulf countries and select European destinations see rising inflows, several traditional wealth hubs are witnessing record outflows. The UK is forecast to lose 16,500 high-net-worth individuals, the highest on record, more than doubling China's projected outflow of 7,800. This reversal comes after years of the UK being a net destination for wealth, with recent tax reforms — including increases to capital gains and inheritance taxes and tighter regulations on non-domiciled residents — prompting an accelerated departure. 'Since 2014, the number of resident millionaires in the UK dropped by 9 percent compared with the W10's global average growth of 40 percent,' said Trevor Williams, chair and co-founder at FXGuard, a digital foreign exchange risk manager, according to the report. The shift is part of a broader trend in Europe, where France, Spain, and Germany are also expected to experience net outflows of wealthy individuals. In contrast, Southern Europe is emerging as a new hub for global wealth. Switzerland is projected to gain 3,000 millionaires, while Italy is set to receive 3,600. Portugal and Greece are expected to receive 1,400 and 1,200, respectively. Smaller markets such as Malta, Montenegro, and Latvia are also benefiting from favorable tax regimes and investment migration programs. Beyond Europe, Thailand and Japan are increasingly preferred by wealthy individuals in Asia. Thailand is forecast to gain 450 millionaires, and Japan 600, driven by political stability and high-end real estate. Hong Kong is also showing signs of recovery, with inflows from mainland Chinese executives linked to the region's growing tech sector. However, South Korea is set to see a significant outflow of 2,400 millionaires, reflecting broader economic and political uncertainty. Other countries in Asia and the Middle East, including Vietnam, Pakistan, Iran, and Lebanon, are expected to see continued outflows of wealthy individuals, many relocating to the UAE or the US. Misha Glenny, rector at the Institute for Human Sciences in Vienna, said recent geopolitical developments, including tensions in the Middle East, are contributing to a reshuffling of wealth migration patterns, according to the report. In the Americas, Central American and Caribbean jurisdictions such as Costa Rica, Panama, and the Cayman Islands are expected to attract record numbers of high-net-worth individuals. Despite a lower-than-usual forecast for inflows, the US remains a top destination for relocating millionaires. Parag Khanna, founder and CEO of AlphaGeo, an AI-powered predictive analytics platform for investing, noted the ongoing role of Asia in shaping global wealth trends. 'Asia's wealth landscape is a dynamic blend of ambition and caution. Singapore and Japan are solidifying their reputations as global wealth havens, while China and India are balancing domestic opportunity with the desire for diversification,' Khanna was quoted as saying in the report.
Japan Times
26-06-2025
- Business
- Japan Times
Japan among most appealing Asian nations for high net worth individuals
Asia is becoming a magnet for the migration of millionaires and billionaires around the world, with Japan expected to see 600 wealthy individuals moving to the country — many of them from China — according to an annual report from a U.K. migration consultancy firm. Following domestic economic instability after the real estate market's 2020 collapse, and global geopolitical uncertainty, wealthy Chinese have sought to establish bases in other countries, with Japan as one of them . Henley & Partners' analysis of country wealth flows, part of its Private Wealth Migration Report 2025 released Tuesday, showed China alongside the U.K., India, South Korea, Russia and Brazil as the countries with the biggest losses of millionaire headcount. In the Asia-Pacific region, researchers placed Japan behind Hong Kong, which is estimated to attract 800 high net worth individuals (HNWI) in 2025, as well as Australia, set to greet 1,000, and Singapore, expected to welcome 1,600. The standard of living, health care, and safety and security were among factors that made Japan attractive to wealthy Chinese expatriates, said Andrew Amoils, head of research at New World Wealth, which acted as a data intelligence partner for the study. Tokyo, Osaka, Kyoto and Kobe are typically the main destinations for this demographic. 'Notably, Osaka–Kyoto–Kobe is the fastest growing part of Japan for HNWIs,' Amoils said, crediting the region's rapidly developing technology sector. The recent strong performance of the Japanese stock market has made the country more compelling for entrepreneurs. But lifestyle and family considerations are also a factor. 'The University of Tokyo is widely seen as the best university in Asia,' Amoils said, explaining that schooling and education opportunities for expatriate children were among the considerations. The Times Higher Education Asia university rankings for 2025 placed the University of Tokyo fifth in the region. But for the uber-wealthy, Japan does suffer from some drawbacks. Other favored choices Singapore and Hong Kong have low tax rates, which have long established them as attractive options for corporate headquarters and wealthy individuals. In Japan, the highest earners are taxed at a rate of 45%. In Hong Kong, the highest tax rate is 17% while in Singapore, it's 24%. But Hong Kong, which is classified as a 'special administrative region' under the control of mainland China, may be a more complex choice for Chinese HNWIs who want to shield their assets from the risk of political fallout. While Japan may be steadily attracting more wealthy individuals, Japanese HNWIs were also looking to retire in other countries. Australia, Thailand, Malaysia and the U.S. were the most attractive choices for this demographic, Amoils said, noting that around 300 HNWIs were expected to leave Japan in 2025. The wealthy migration report also showed Japan ranked fourth for its number of HNWIs, after the U.S., China and Germany. As of December, Japan had 714,000 millionaires in dollar terms, down from 754,800 the year before, and 44 billionaires, up from 39 the previous year.
