Global Wealth Migration 2025 — how and where millionaires are moving

According to a report by Henley & Partners, together with New World Wealth, large—scale migration is expected in 2025 - about 142,000 millionaires will move their residence abroad

The leading countries in the influx of millionaires

• UAE – the influx of +9,800 millionaires is predicted, which makes the country a world leader
• USA – about +7,500 new wealthy individuals
• Switzerland, Italy, Portugal, Greece: respectively +3,000, +3,600, +1,400, +1,200
• Saudi Arabia — sharp growth in 2025: +2,400 millionaires
• Thailand, Taiwan, India, China are also among the active destinations, especially in Asia.

📉 Donor countries: where the rich are leaving

• Great Britain — record outflow: -16,500 millionaires, a record in the history of monitoring
• China -7,800
• France, Spain, Germany — outflow is recorded for the first time: -800, -500, -400 respectively
• Others – Ireland (-100), Norway (-150), Sweden (-50)

Reasons for migration

• Tax burden and policies: especially in the UK — the growth of capital, inheritance and income taxes, the abolition of investment visas .
• The desire for greater freedom and stability: risks of economic uncertainty and political instability .
• Golden Visa investment Programs: UAE, Italy, Portugal, Greece successfully attract the ultra‑rich through profitable immigration schemes

🔍 The secret of success of recipient countries

• UAE: no income tax, convenient Golden Visa and a strategic hub between East and West.
• Saudi Arabia: active investment policy within the framework of Vision 2030, economic reform
• Thailand: growing attractiveness for Asian HNWIs due to international schools, real estate, stability
• Europe (Italy Portugal, Greece): favorable tax regimes and "enticing" immigration programs.

2025 was a turning point: for the first time Europe — or rather Great Britain — became the leader in the outflow of millionaires, while UAE