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4,300 Indian millionaires are to migrate to the UAE in 2024
July 24,2024

4,300 Indian millionaires are to migrate to the UAE in 2024

In recent studies, the Henley Private Wealth movement disclosed the global patterns for wealth movement in 2024.

Recent reports indicate that in 2024, 4300 millionaires will relocate to the United Arab Emirates.

India ranks among the top nations in the world for high-net-worth individual (HNWI) departures.

It is projected that by 2024, 6,700 affluent immigrants will arrive in the UAE.

Indian millionaires to migrate to the UAE

A recent Henley Private Wealth Migration analysis estimates that this year, about 4,300 millionaires from India will relocate to the United Arab Emirates. When it comes to the countries from which high-net-worth individuals (HNWIs) depart globally, India is among the top destinations for immigrants.

Why is the UAE a premier destination for Indian millionaires?

Indian millionaires continue to favor the United Arab Emirates because of its zero-income tax laws, golden visa schemes, and opulent lifestyle in a prime location.

Recent projections indicate that 6,700 affluent immigrants will move to the United Arab Emirates in 2024. The United Arab Emirates (UAE) has developed a robust legislative system that provides a plethora of creative ways to maintain, safeguard, and increase the wealth of immigrants.

Indian investors' favorite top investment schemes

Among the most popular applicants for citizenship and residency through investment schemes are immigrants from India. Indian investors tend to favor the following popular investment programs:

  • Portugal’s Golden Residence Permit Program
  • Greece’s Golden Visa Program
  • Spain’s Residence by Investment Program
  • Malta’s Citizenship by Naturalisation for Exceptional Services by Direct Investment
  • Citizenship by Investment Program in the Caribbean, Antigua, and Barbuda
  • Grenada’s Citizenship By Investment Program

Trends in Global Wealth Migration

Henley and Partner recently released papers that emphasized 2024 as a critical year for wealth immigration globally. An estimated 128,000 billionaires are predicted to relocate worldwide by 2024, indicating a dramatic change in the global environment with far-reaching effects.

The US, Canada, Singapore, and Australia are the top relocation destinations for millionaires. These nations anticipate a sizable influx of affluent immigrants who will support the growth of their labor markets and economy.

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