Cover With its poetic landscapes and deep historical heritage, Italy is among the nations drawing millionaires seeking a place to settle (photo: Thomas Barwick)
With its poetic landscapes and deep historical heritage, Italy is among the nations drawing millionaires seeking a place to settle (photo: Thomas Barwick)
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According to Henley & Partners, a global advisory firm specialising in residency and citizenship through investment, more than 142,000 millionaires are expected to relocate to another country by 2025.
The Henley Private Wealth Migration Report 2025 also forecasts that the number of individuals with liquid assets exceeding US$1 million will rise to 165,000 by 2026. These figures suggest that wealthy individuals will increasingly look to other countries for new homes, aiming to optimise their assets through promising investment avenues, while enjoying greater privacy and security.
Many also seek an elevated lifestyle, from luxury villas to attentive, on-demand services such as fine dining, beauty, healthcare, and education. A cosmopolitan environment, underpinned by open-mindedness and liberal thinking, is equally appealing to this group.
United Arab Emirates: Golden visas and a lifestyle fit for the elite
Henley & Partners’ data confirms that the United Arab Emirates (UAE) remains a prime choice for the world’s wealthy. Over 9,800 millionaires are projected to establish citizenship here by 2025, compared with 6,700 last year. Arabian Business reported in July 2024 that more than 100 properties priced at USD 10 million or above were sold in the first quarter alone, an increase of 19 per cent over the same period in 2023.
Those relocating to the UAE can secure a golden visa or citizenship through substantial investment transactions. Dubai and Abu Dhabi in particular offer an array of world-class amenities—prestigious hotels, renowned restaurants, and a wealth of exclusive leisure and beauty experiences.
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The UAE’s strategic location is another draw, enabling convenient travel between East and West. Its airports and transport networks are highly efficient, allowing business leaders to reach their destinations with ease and speed.
Saudi Arabia: Emerging destination attracting millionaires
Henley & Partners predicts that around 2,500 millionaires will move to Saudi Arabia in 2025, an eightfold increase on the 2024 figure. This surge points to the kingdom’s rising status as an appealing haven for the affluent.
The attraction lies in the country’s robust economic growth and its abundance of investment and business prospects. Ongoing strategies to lure foreign capital span sectors from tourism and entertainment to high-end real estate. These developments are prompting more millionaires to place Saudi Arabia on their relocation shortlist.
Alongside facilities catering to a luxurious lifestyle, Saudi Arabia offers a cultural heritage both rich and enduring, an ideal setting for those eager to immerse themselves in the traditions and history of the kingdom.
Italy: A poetic country with monumental architectural treasures
Italy has long been celebrated for its romantic charm and rich history, with a wealth of UNESCO World Heritage sites and distinctive artistic masterpieces. Frequently immortalised in literature and film, it is portrayed as a destination to be experienced at least once in a lifetime, an allure that extends to the world’s most affluent travellers.
The country’s luxury property market has flourished in recent years, particularly in celebrated locations such as Milan, Rome, Tuscany and Sicily. This growth draws international investors eager to explore new opportunities, generate strong returns, and make the most of their capital.
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Italy’s cultural calendar is also rich with events, from grand celebrations to storied traditions. The Venice Carnival, for example, offers an enticing blend of exclusive refinement and lively festivity.
Switzerland: A land of natural beauty with a stable socio-economic foundation
Switzerland’s reputation for a secure and meticulously regulated banking system makes it an appealing choice for millionaires seeking to safeguard their wealth. The country’s stringent policies on privacy and citizens’ rights further enhance its standing among the elite.
Beyond financial security, Switzerland offers an idyllic natural landscape of mountains, lakes and tranquil towns. The nation is renowned for its world-class education, healthcare and wellness facilities, complemented by a wealth of leisure pursuits. Its modern infrastructure and efficient transport links make travel for business or pleasure swift and convenient.
UK: A global financial hub with rich investment potential
Henley & Partners notes that, while the UK no longer tops the list of preferred destinations for relocating millionaires, it remains a favoured choice for affluent individuals from the US, China, India and the Middle East.
London, in particular, stands out as a global financial powerhouse offering diverse commercial and investment possibilities. The UK’s robust legal framework also provides strong protections for citizens and investors alike.
Alongside these advantages, the UK is distinguished by its respected education system, excellent healthcare, and a cultural heritage both deep and varied. Coupled with refined leisure offerings, these factors make it an appealing choice for those seeking to elevate their quality of life.
