Countries are competing to attract wealthy individuals who can bring investment, establish businesses and contribute to economic growth. Tax policies, residency programmes, political stability and regulations are among the factors influencing where people choose to live and manage their wealth.
Singapore ranks first in the global ranking of destinations for wealth migration, followed by New Zealand and the Cayman Islands, according to data attributed to the Henley Private Wealth Migration Report 2026.
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The ranking assesses countries and territories on 12 factors, including tax policy, investor pathways, regulatory quality and the business environment. It offers insight into how governments can attract people with wealth and the capital they bring across borders.
Wealth migration has become an area of interest for governments seeking investment, business creation and economic activity. For individuals, the decision to relocate may involve tax obligations, access to international markets, personal security and the conditions for running a business.
Here are the eight destinations listed in the ranking and the factors that help explain their positions.
1. Singapore: 79.5 points
Singapore tops the list with a wealth mobility competitiveness score of 79.5. The country serves as a financial and business centre in Asia, connecting investors with markets across the region. Its position in international trade, banking and wealth management makes it a destination for individuals seeking access to capital and business opportunities.
Singapore’s tax framework, regulatory system and investor services are among the factors that contribute to its appeal. Its location also provides access to markets in Southeast Asia and beyond.
For wealthy individuals, these conditions can support business expansion, investment management and long-term financial planning.
2. New Zealand: 75.8 points
New Zealand ranks second with 75.8 points. The country offers access to markets in the Asia-Pacific region and operates under a legal and regulatory system that supports business activity.
Political stability, public institutions and the country’s immigration framework can influence decisions by people considering relocation. For investors and business owners, the ability to plan over the long term is an important consideration.
However, eligibility for residency and the rules governing investments depend on individual circumstances and the requirements in force at the time of application.
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3. Cayman Islands: 74.3 points
The Cayman Islands ranks third with 74.3 points. The British Overseas Territory has built a financial services sector that includes investment funds, banking and wealth management. Its tax system is one of the factors associated with its position as a destination for internationally mobile wealth.
The islands’ financial services industry connects investors with international markets and supports the management of assets across jurisdictions.
For individuals considering relocation, tax arrangements are only one part of the decision. Residency requirements, living costs and access to business services also matter.
4. Cyprus: 73.5 points
Cyprus records 73.5 points to take fourth place. Located in the eastern Mediterranean, the country provides access to European markets and has links with businesses operating across Europe, the Middle East and North Africa.
Its position within the European Union is relevant to investors looking at regional business opportunities. Tax rules, residency arrangements and the availability of professional services can also influence relocation decisions.
For entrepreneurs, Cyprus can provide a base for managing operations that serve customers in several countries.
5. Netherlands: 72.8 points
The Netherlands ranks fifth with 72.8 points. Its economy is linked to international trade, logistics, finance and technology. The country also provides access to the European Union’s single market, which can support businesses seeking to operate across national borders.
Its transport infrastructure, legal framework and network of international businesses contribute to its position as a destination for investors and entrepreneurs.
Tax obligations and residency conditions remain important considerations for anyone planning to move there.
6. Portugal: 72.5 points
Portugal takes sixth place with 72.5 points. The country attracts attention from people seeking a base in Europe, with access to European markets and connections to Portuguese-speaking countries.
Its residency options and business environment can influence decisions by entrepreneurs, investors and internationally mobile professionals.
However, Portugal’s tax arrangements have changed in recent years. Individuals considering relocation need to examine the rules that apply to their income, assets and residency status rather than assume that previous tax incentives remain available.
7. Italy: 72.3 points
Italy scores 72.3 points to rank seventh. The country offers access to the European market and has established industries spanning manufacturing, fashion, design, tourism and finance.
For business owners and investors, Italy provides opportunities to establish commercial relationships and manage activities within the European Union.
Tax rules and residency programmes can also affect relocation decisions, although the benefits available depend on each person’s circumstances and the applicable legislation.
8. Bermuda: 72.0 points
Bermuda completes the list with 72.0 points. The British Overseas Territory has a financial services sector that includes insurance, reinsurance and investment management. Its links to international financial markets make it relevant to individuals and businesses managing assets across borders.
Its tax framework is another factor associated with its position in wealth migration discussions.
For prospective residents, the cost of living, housing, residency eligibility and access to services are among the issues to consider before making a decision.
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Chisom Michael is a data analyst (audience engagement) and writer at BusinessDay, with diverse experience in the media industry. He holds a BSc in Industrial Physics from Imo State University and an MEng in Computer Science and Technology from Liaoning Univerisity of Technology China. He specialises in listicle writing, profiles and leveraging his skills in audience engagement analysis and data-driven insights to create compelling content that resonates with readers.
