In recent years, there has been an increase in migration to the world's wealthiest countries, including Singapore and the United Arab Emirates (UAE). A recent public report said that these countries are able to attract the wealthy due to low tax facilities, political stability, and state-of-the-art infrastructure.

In the 2025 edition of the 'Global Mobility Report' published annually by Henley and Partners of the UK, it is projected that about 142,000 millionaires, i.e. dollar rich, are preparing to move from their country to Singapore or the UAE. Transfers of these so-called high-net-worth individuals are expected to hit record levels this year.

In 2024, 134,000 high-net-worth people, especially in the UAE, have migrated to Dubai, according to a study. The group head of Henley & Partners, Dominique Volek, concluded that the influx of such rich people attracted by the UAE and Singapore in large numbers reflects the changing preferences of the affluent class amid geopolitical tensions and the tendency to look for new options for their economic growth and stability. 

In 2019, the emigration of rich people was rampant around the Covid epidemic. According to the Indian magazine 'Business Standard', since 2013, the number of millionaires who have left their country has increased by 178 percent. It has been analyzed that this year has reached a record level and that countries like Singapore and UAE offer options including security, opportunity and attractive lifestyle.

The exodus of the wealthy is estimated to be about $20 billion. The most affected countries are China, UK and India. Bloomberg, citing Henley & Partners, wrote that the high tax rate, political instability and risks to economic growth in these countries are leaving the rich.

"As millennials from around the world begin to pour in, builders here are building movie theaters, spas, bungalows and penthouses with private electric staircases," Bloomberg writes, "Such buildings cost between $60 million and $120 million." Rich people from Europe, Asia and America are looking for such buildings.' 

China appears to be the country most affected by the exodus of the wealthy. In the year 2024 alone, about 15,200 millionaires have left the country and this number may increase further in the year 2025, according to Al Jazeera's news 'China's Millionaires I the Exit'. As China's economic activity slows historically and youth unemployment hovers above 16 percent, government control over technology and private sector industries has prompted high-income businessmen to migrate, Al Jazeera's analysis said. 

In India, since 2014, about 23,000 millionaires have left the country, and the main reason for that is regulatory hassles along with taxes, according to the Indian media Business Today. In the case of Britain, about 4,200 millionaires left the country in 2023, and this number increased to 10,800 in 2024. Along with the millionaires, 12 billionaires also left the UK last year, according to the Independent news. 

In the UAE, the number of millennials is estimated to have increased by 77 percent in the last decade and by 64 percent in Singapore. Studies have shown that Singapore, which was home to 17 billionaires until 2015, will become the center of 47 billionaires by 2024, and 5 billionaires came to the UAE in 2023, with a total of 18 billionaires choosing the business country of Central Asia. 

The UAE has introduced policies to help investors and entrepreneurs settle for a long time and establish themselves there easily through provisions such as the 'Golden Visa'. Jörg Steffen, Head of Henley & Partners, is of the opinion that along with abundant opportunities for economic growth, low tax rates and the UAE's crypto-friendly policy have also made the West Asian country with a population of about 10 million a major attraction for the new generation of millennials. 

"Singapore's safe economic zone and attractive lifestyle opportunities should be chosen by the wealthy," he said, "the third, fourth and fifth destinations for millennials to migrate to are America, Switzerland and Canada." Henley's report has shown that it is directly helping.