The global millionaires' migration race

Changing times have heated up the race between nations seeking to attract investment millionaires. As many millionaires look for the ideal place to invest their wealth, residency and citizenship programmes compete to capture the interest of potential investors.

Let's explore some of the world's most popular migration destinations for investment millionaires, to better understand the reasons and factors they look for in a residency or citizenship programme.

United States

Detailed article on the Trump Card.

The United States has long been a top destination for high-net-worth individuals, thanks to its robust economy, high standard of living and an ecosystem that encourages wealth creation and investment potential.

New announcements regarding the US Golden Card, along with the Platinum Card, have created a buzz, with high-net-worth individuals seeking to obtain US residency through investments of US$1 million or US$5 million in the US in exchange for residency benefits.

Trump’s announcement of the Golden Card will see the US move away from the EB-5 Visa, which requires investors not only to invest money in specific US regions, but to invest money in commercial enterprises. The Golden Card, on the other hand, is more like a donation to the US Treasury, requiring no job creation.

The announcement of these cards comes at a critical time, as other nations adjust their policies to remain competitive. For high-net-worth individuals, the US now represents a safe investment environment and a gateway to long-term residency, with the added benefit of being a hub for global business networks.

The UAE

The UAE (United Arab Emirates) remains a top destination for millionaire investors, with nearly 10,000 millionaires expected to move to the UAE by the end of 2025. The UAE Golden Visa has provided a streamlined process for investors to obtain long-term residency in the country, offering investors the opportunity to live and work freely in the UAE, without the need for a local sponsor.

The UAE is a highly sought-after investment destination due to its lack of personal income tax, the benefits of a luxury lifestyle in regions such as Dubai, world-class infrastructure for business, a strategic location for multinational organisations and business-friendly regulations, all of which attract millionaires from across the globe.

Based on our Global Intelligence Unit’s analysis on Innovation Through Migration; the UAE launched its Golden Visa programme in 2019, cementing its position as a leading foreign investment destination in the MENA region. In 2023, the country attracted 31% of the region’s foreign direct investment, totalling US$30.7 billion.

The Golden Visa, along with ongoing policy updates, supports the UAE’s goal of economic diversification beyond oil while positioning the country as a global hub for business and talent.

But it is not just about tax benefits and business advantages; the UAE is also a top choice for families, offering world-class education, premium healthcare and access to global markets. All this and more make the UAE a leading full-service destination for high-net-worth individuals seeking growth opportunities and lifestyle benefits.

A nearby up-and-coming region, Saudi Arabia, has seen a sharp rise in high-net-worth individuals investing in the country. The introduction of new foreign ownership legislation in January 2026 will allow foreign investors and companies to buy property in approved areas, opening up meaningful investment opportunities. Without doubt, high-net-worth individuals are seeking global investment opportunities, and it is clear why they are choosing the Middle East.

Italy

Italy is rapidly becoming a top choice for millionaire migration, with more than 3,000 high-net-worth individuals heading to Italy in 2025. They will join over 500,000 millionaires who already call Italy home.

Italy is one of the most sought-after destinations thanks to Italy’s flat-tax regime. This allows eligible individuals or companies to pay a flat 200,000 EURO annually, making tax far more predictable and simple.

With a combination of coastal beauty, mountain retreats and a relaxed Mediterranean rhythm, Italy offers an exceptional lifestyle at a cost that is often lower than major cities such as London or Monaco. Add to that renowned cuisine, world-class luxury services and an extensive financial and legal infrastructure, and it is easy to see why many high-net-worth individuals are drawn to Italy for both stability and a refined lifestyle.

The Italy Golden Visa is an attractive option for those seeking residence, offering diverse investment opportunities, including government bonds, donations and business investments, with no residence requirement.

New Zealand

New Zealand has launched The Active Investor Plus Visa, a programme designed to attract international capital and entrepreneurial talent. Under this programme, high-net-worth individuals can invest $5,000,000 NZD or $10,000,000 NZD in exchange for residence, with the possibility of citizenship after maintaining the investment for 3 or 5 years. Visa holders may live, work and study in New Zealand.

Renowned for its high quality of life and political stability, New Zealand is an attractive choice for high-net-worth individuals. Safety and sustainability are top priorities, and the country offers significant opportunities in renewable energy and clean technology.

This programme is ideal for investors seeking diversification beyond traditional financial centres while enjoying lifestyle benefits such as world-class healthcare, stunning natural scenery and excellent education opportunities. In fact, based on our Global Education Report, New Zealand ranks 18th out of 72 and 14th for quality of life.

Argentina

Argentina is emerging as an attractive destination for global investors seeking to diversify their portfolios in South America. The country offers a competitive cost of living, a rich cultural landscape and growing investment opportunities in sectors such as agriculture, technology and renewable energy.

As of 2025, Argentina is preparing to launch its first Citizenship by Investment programme, which will grant foreign investors citizenship in the country for an investment of US$500,000. The types of investment opportunities will include projects that create jobs, stimulate innovation and support national growth. Argentina’s proposal is compelling, with many high-net-worth individuals looking to invest in South America.

Argentina is committed to becoming a more accessible and investor-friendly destination. High-net-worth individuals are looking not only for potential financial returns but also for lifestyle advantages, from vibrant urban centres like Buenos Aires to scenic regions such as Patagonia.

United Kingdom

In direct response to recent US policy changes, the United Kingdom has announced significant tax reforms aimed at attracting highly skilled professionals.

Following Trump’s decision to increase the H-1B visa fee to US$100,000 and encourage technology companies to prioritise US citizens for senior roles, the UK government is considering waiving visa fees for top scientists, academics and digital experts.

The proposed measures are part of a broader strategy positioning the UK as a more attractive destination for global talent. At a fintech company launch in September 2025, UK Chancellor Rachel Reeves emphasised that the UK remains open for business and is keen to welcome highly skilled workers, particularly in STEM fields, who may be affected by US policy changes.

In addition, the UK is considering further tax incentives and a streamlined visa process to increase its appeal to international professionals. These initiatives aim to strengthen the UK’s competitive advantage in the global talent market, especially as other countries adjust their policies to remain attractive to skilled workers.

The United Kingdom is a top choice for investment, offering direct access to most of Europe. Although not part of the EU, the UK still holds significant global economic influence. The Tier 1 Investor Visa is ideal for high-net-worth individuals looking to start a life in the UK, taking advantage of a high quality of life, a stable economy and favourable business infrastructure.

Malta

Malta continues to stand out as a top destination for high-net-worth individuals seeking stability, EU access and an exceptional quality of life. The Malta residency by investment (MPRP) offers long-term residence within the European Union through property investment, donations and government contributions.

Beyond its investment appeal, Malta combines a Mediterranean lifestyle with strong financial and legal infrastructure. The island is recognised for its favourable non-dom tax framework, English-speaking environment and strategic location between Europe and North Africa, making it a natural hub for multinational business.

Based on our Global Wealth Mobility Report, Malta is a top choice for those seeking to “reduce risk from currency instability, manage volatility and address growing concerns over personal security”.