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Why millionaires are choosing Italy, Greece and Switzerland to live and invest

2026-06-23 22:42:01Biznes SHKRUAR NGA REDAKSIA VOX
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A growing number of millionaires are choosing Italy, Greece and Switzerland to live and invest, while the United Kingdom, Germany and France face growing challenges in retaining their wealthiest residents, according to a new report from consultancy Henley & Partners.

According to the report, the map of Europe's attractiveness to wealthy individuals is changing significantly. Instead of previously counting how many millionaires are leaving or coming to individual countries, this year's research uses the Wealth Mobility Competitiveness Index, which rates countries on a scale of 0 to 100.

Factors such as the tax system, rule of law, quality of life, political stability, and business environment were taken into consideration.

Cyprus at the top of Europe

Cyprus received the highest score among European countries with 73.5 points. It is followed by the Netherlands (72.8), Portugal (72.5), Italy (72.3), Switzerland (70.8) and Greece (70.5).

However, the report's authors specifically single out Italy, Greece and Switzerland as the countries currently registering the greatest interest among wealthy migrants.

Italy attracts the wealthy thanks to its favorable flat-rate tax regime for new residents, a relatively lenient inheritance system and access to the European Union market. Milan is increasingly developing as a financial hub for international investors, Euronews writes.

Greece is among the biggest winners of changes in the investment migration market, especially after Spain abolished the “golden visa” program and Portugal abandoned the model related to real estate investments.

Switzerland, on the other hand, remains synonymous with political stability and capital security, which attracts wealthy individuals in times of geopolitical uncertainty.

Germany, France and the United Kingdom under pressure

At the other end of the list are some of Europe's largest economies. Germany scored 69.7 points, Norway 69.0, the United Kingdom 68.3 and France 65.7.

The report claims that British citizens' interest in alternative residency programs increased by 15 percent between 2024 and 2025. The reasons cited are the removal of special tax status for foreign residents, changes to inheritance tax and the removal of investor visas.

A similar trend is observed in Germany and France. The number of inquiries from German citizens about resettlement programs increased by 16 percent between the end of 2025 and the beginning of 2026, while France is among the countries with the highest increase in interest in alternative residency and citizenship options.

Global competition for wealth

Outside Europe, the United Arab Emirates achieved one of the best results in the survey with 85.3 points, while Singapore tops the global list with 79.5 points.

The case of the United States of America is also interesting. Although it remains the world's leading economy when it comes to wealth creation, the US achieved a relatively modest score of 62.3 points. At the same time, the number of applications from American citizens for residency and citizenship programs abroad doubled in 2025.

Almost half of these applications were for European programs, indicating a growing interest among wealthy Americans in living and investing abroad.

A trend that is changing Europe

The report's authors believe that the global mobility of wealth is changing rapidly and that European countries are increasingly competing to attract capital, investment and highly qualified individuals.

However, experts warn that the survey results should be seen as an indicator of trends and not an accurate representation of the movement of millionaires, as the methodology for collecting the data has been a source of debate among economic analysts for years.


Në përputhje me standarded JTI

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