The World’s Richest Are Moving Here — Here’s How You Can Too (Even Without a Billion)

The Global Trend of Wealth Migration

The movement of the ultra-wealthy is no longer a rare occurrence. A recent report from Swiss bank UBS reveals that 36% of its 87 billionaire clients relocated at least once in 2025, with an additional 9% considering a move. Among billionaires aged 54 and younger, the number rises to 44%, with 15% contemplating a relocation.

According to UBS, the primary motivations for these moves include a better quality of life, geopolitical concerns, and the ability to manage tax affairs more efficiently. “We are truly experiencing the largest private wealth migration in history,” a UBS spokesperson said during an interview with CNBC.

Where Are the Wealthy Moving?

Several countries have become hotspots for wealthy individuals seeking new opportunities. According to migration consultants Henley & Partners, the United Arab Emirates (UAE) saw a net inflow of about 9,800 millionaires last year, making it the top destination globally. The UAE’s appeal lies in its zero personal income tax, absence of wealth or capital gains taxes, and a flexible golden visa program. These visas allow foreigners to gain residency through qualifying investments.

However, the situation may be changing due to regional tensions. Recent events, including the U.S.-Israel conflict with Iran, have raised concerns in the UAE, particularly in Dubai, where several structures were damaged.

Europe remains a popular choice for many. Portugal and Greece attract investors through residency programs, while Italy, Monaco, and Switzerland draw families seeking stability and tax certainty. In Asia, Singapore stands out for its regulatory stability and strong financial infrastructure.

Meanwhile, the United Kingdom has experienced a significant exodus. After abolishing its non-domicile tax regime in April 2025, the country lost approximately 16,500 millionaires, according to Henley & Partners.

Relocating Beyond the Ultra-Wealthy

Relocating abroad isn’t just for the ultra-wealthy. With careful planning and flexibility, it can be a viable option for everyday people. Here’s how to approach it effectively:

Start with Official Sources

Visa rules can change quickly, so relying on official sources is crucial. Before committing to a destination:

• Check country entry and residency rules through the U.S. Department of State
• Verify visa requirements directly with the country’s U.S.-based consulate
• Avoid expat forums and social media groups, as the information may be outdated or inaccurate

Make Sure Your Income Qualifies

Some locations offer a path to residency based on income rather than investments. Qualifying income can include Social Security, government pensions, or private pensions. This can be a less restrictive option compared to traditional golden visas.

Understand Your Tax Obligations

U.S. citizens are required to file taxes annually, regardless of where they live. If you become a tax resident in your new country, you may also need to file a local tax return. Navigating multiple tax systems can be complex and may require the help of a tax professional to avoid double taxation. Consider the implications of buying property abroad, if applicable.

Plan for Health Care

Medicare typically does not cover health care outside the U.S. Many expats opt for private local insurance, which can be more affordable depending on the country. If the country offers universal health care, check what options are available for foreign nationals.

Consider Language Barriers

While some countries have large expat communities and English-speaking populations, others may require knowledge of the local language. Official documents may be in the local language, so having an attorney or advisor who speaks both languages can be beneficial. Learning the local language can also aid in integration.

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