Priyanka Debnath
According to the Henley Private Wealth Migration Report 2025, the millionaires around the world are on the move. Around 142,000 millionaires are considering moving to these 5 countries.
The largest country in the Middle East by area will welcome more than 2,400 millionaires from around the world, bringing around 18.4 billion dollars.
Switzerland, which ranks 4th in favour of millionaires, will welcome around 16.8 billion dollars, along with more than 3,000 new millionaires this year.
Italy, offering remarkable tax benefits on foreign income and a flat tax regime, is expected to see more than 3,600 new millionaires migrating in 2025.
The US is expected to welcome 7,500 millionaires in 2025, who will bring with them around 43.7 billion dollars. This migration marks a 78 per cent growth in comparison to the millionaire migration rate in 2014.
Due to a tax-friendly environment, and luxurious lifestyle, UAE has become a magnet for millionaires. Almost 9,800 millionaires are expected to flock to UAE, bringing almost 63 billion dollars with them.