In 2025, millionaire migration is reshaping the global economy, with over 142,000 high-net-worth individuals relocating from one country to another. These aren’t just vacation moves—this is a full-blown shift of wealth, talent, and influence. At Entrepreneur Expat, we help clients understand and act on these trends to protect and grow their lifestyle and assets.
I’m Justin, and on this blog and YouTube channel, we talk about global diversification, second residencies, citizenships, and creating the life of your dreams in a country that actually wants you. If you’re a high-net-worth individual considering a move, now is the time—because the global landscape is shifting fast.
What the 2025 Data Tells Us About Millionaire Migration
According to the Henley Private Wealth Migration Report 2025, this year is set to break records. An estimated 142,000 millionaires are on the move, with forecasts suggesting that 165,000 could relocate in 2026. Why? The reasons range from tax policy to political instability, and from opportunity-seeking to lifestyle redesign.
Countries are either gaining wealth and talent—or bleeding it out. Understanding these trends is essential for anyone considering relocation or second citizenship.
The Big Winners in Millionaire Migration
🇦🇪 UAE Leads with Opportunity and Low Taxes
At the top of the list is the United Arab Emirates, gaining an impressive 9,800 millionaires and over $63 billion in assets. With zero income tax, high-end infrastructure, and strong business support, the UAE is becoming a magnet for global entrepreneurs and investors.
🇺🇸 United States: Still a Top Destination—for Now
Despite rising internal discontent, the United States is still a major destination for inbound wealth. In 2025, it gained 7,500 millionaires, adding over $43 billion to its economy. However, the U.S. is also starting to lose more wealthy individuals than in previous years due to rising taxes and cost of living.
🇮🇹 Italy & 🇨🇭 Switzerland: Lifestyle + Tax Perks
Both Italy (3,600) and Switzerland (3,000) continue to attract affluent expats due to their favorable tax regimes and appealing quality of life. Other top gainers include Saudi Arabia, Singapore, Portugal, Greece, Canada, and Australia—each offering a mix of tax benefits, stability, and infrastructure.
The Biggest Losers in Millionaire Migration
🇬🇧 The UK: Losing More Millionaires Than Ever
The UK tops the list of millionaire migration losses in 2025, with 16,500 millionaires projected to leave. That’s nearly $66 billion in capital walking out the door. The culprits? Elimination of the Tier 1 Investor Visa, rising inheritance taxes, and the messy “non-dom” tax crackdown.
Many entrepreneurs and investors are finding the UK increasingly hostile to wealth creation and preservation.
🇨🇳 China and 🇷🇺 Russia Also Losing Big
China is expected to lose 7,800 millionaires, with Russia close behind. In both cases, authoritarian policies, economic instability, and lack of opportunity are major drivers of outbound wealth.
Meanwhile, other European nations like France, Spain, and Germany are seeing net losses for the first time—largely due to tax hikes and anti-business sentiment.
Why Millionaires Are Leaving: Key Drivers Behind the Shift
1. Tax Policy & Regulation
From the UK’s inheritance tax hikes to Europe’s crackdown on investor visas, tax burdens are a primary driver behind millionaire migration. Wealthy individuals are seeking out countries with low or zero income tax, capital gains benefits, and predictable fiscal policies.
2. Political & Economic Stability
Many are fleeing what they perceive as political chaos, overregulation, and economic decay. From riots in France to soaring inflation in the U.S., high-net-worth individuals are choosing countries that are calm, business-friendly, and pro-investment.
3. Ease of Doing Business
Want to start a business in Mexico or the UAE? You can often get fully legal and operational in under a month. Compare that to months (or even years) of red tape in the U.S. or UK.
We’ve seen firsthand how Mexico’s business climate allows expats to start small businesses, consultancies, or service firms quickly—legally and affordably.
Mexico: The Underrated Winner of Millionaire Migration?
Here in Mexico, we’re witnessing a steady increase in affluent expats relocating for:
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Lower cost of living
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Accessible residency programs
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Growing middle class and strong economy
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Proximity to the U.S. and Canada
Residency requirements are still relatively low, but rising by 10–15% each year. If you wait too long, that window could close—especially if you’re relying on assets under $1M.
Right now, you need around $300,000 USD in savings to qualify for Mexican permanent residency. But at current trends, that number could pass $1.2M within the next decade.
Millionaire Migration’s Global Implications
This isn’t just about taxes. Millionaire migration affects innovation, employment, and national competitiveness. Countries losing top talent and wealth are seeing declines in their financial, tech, and legal sectors. Meanwhile, destinations like the UAE, Singapore, and Mexico are booming with fresh energy and ideas.
The UK’s situation is a cautionary tale—chasing away capital and talent with poor policy decisions. Countries that fail to act now risk long-term economic consequences.
Ready to Join the Movement?
Whether you’re tired of high taxes, frustrated with bureaucracy, or just want a better lifestyle—the millionaire migration trend shows you’re not alone. This wave is real, and it’s growing.
✅ Take the first step today:
Go to entrepreneurexpat.com/consult and book a free strategy call with our expert team.
We’ll help you:
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Evaluate the best countries for your situation
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Navigate residency or citizenship by investment programs
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Optimize your tax position
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Legally set up businesses or relocate your existing ones
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Access boots-on-the-ground support for immigration, real estate, and lifestyle setup
Millionaire migration isn’t just a headline—it’s a movement. Be on the right side of it.