Last year, around 128,000 millionaires chose to relocate elsewhere in the world. In 2025, global wealth migration is about to undergo seismic changes, fueled by recent political upheavals, catastrophic tax policy reforms and the growing appeal of dual nationality. From the West to Europe to the emerging markets of South Asia, today’s savvy millionaires are seeking new horizons to protect their assets, mobility and autonomy.
As major financial centers prepare for the impact of these migrations, some destinations are emerging as havens for the world’s elite. With 30% of high-net-worth individuals actively using investment migration channels, there has been a major shift and renaissance in international programs dedicated to this topic, as countries seek to attract the world’s private wealth. Residency by Investment (RBI) and Citizenship by Investment (CBI) programs are evolving in response to growing market demands. At the same time, countries are increasingly keen to attract and retain this highly mobile capital.
The exodus of millionaires in France
In 2025, the number of French millionaires expected to leave the country is set to rise by 6.67% compared to 2024. This phenomenon can be explained by factors such as tax optimization, improved quality of life and diversification of economic opportunities. Last year, the United Arab Emirates (UAE) was the country of choice for millionaires, ahead of Switzerland and the UK, with almost a third choosing Dubai as their new home. The United Arab Emirates emerged as a particularly attractive destination, especially for wealthy young individuals, due to its favorable tax regime and dynamic business environment.
Countries such as Canada and the USA also remain popular, benefiting from their robust economies and cultural links with France. But this movement reflects a broader global trend, marking a 16% increase on pre-pandemic levels of millionaires moving elsewhere.
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