4,300 Indian millionaires are moving to the UAE in 2024 - Find out why?

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

• Recent reports by the Henley Private Wealth Migration revealed the global wealth migration trends of 2024.
• According to recent reports, 4300 millionaires will migrate to the UAE in 2024.
• India is one of the top countries reporting high-net-worth individual (HNWI) departures worldwide.
• UAE is estimated to attract an inflow of 6,700 wealthy immigrants by 2024.

 

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Indian millionaires to migrate to the UAE

According to a recent report published by the Henley Private Wealth Migration, around 4,300 millionaires are going to move to the United Arab Emirates from India this year. Indian immigrants make up one of the top ranks among countries with high-net-worth individual (HNWI) departures around the world.

 

Why is the UAE a premier destination for Indian millionaires?

The United Arab Emirates remains a top choice among Indian millionaires as the country offers zero-income tax policies, golden visa programs, and a luxurious lifestyle in a strategic location.

 

According to recent estimates, around 6,700 wealthy immigrants are to migrate to the UAE in 2024. The UAE has come up with a powerful regulatory framework that offers a range of innovative solutions to preserve, protect, and enhance the wealth of immigrants.

 

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Top investor programs preferred by Indian investors

Indian immigrants are among the top claimants for citizenship and residence via investment programs. Popular investment programs preferred by Indian investors are:

 

• 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 Caribbean, Antigua, and Barbuda
• Grenada’s Citizenship By Investment Program

 

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Global Wealth Migration Trends

Recent reports by Henley and Partner highlighted 2024 as a vital year for global wealth immigration. It is estimated that around 128,000 millionaires will be relocating across the world in 2024, which implies a significant shift in the global landscape with widespread implications.

 

Top destinations chosen by millionaires for relocation are the United States, Canada, Singapore and Australia. These countries are expecting a significant inflow of wealthy immigrants who will contribute towards the development of the economies and job markets.

 

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