Cyprus ranks fourth worldwide for attracting millionaires

Economy housinginvestmentsmigrationtaxTop News Cyprus ranks fourth worldwide for attracting millionaires Limassol Old Town Residents Take Municipality To Court Over Noise And Illegal Venues Relevant News Cyprus ranks fourth worldwide for attracting millionaires 6 July 2026 Isolated storms expected as temperatures reach 35 degrees 6 July 2026 Cyprus sends two firefighting aircraft to aid France with wildfires 5 July 2026 Theano Thiopoulou 6 July 2026 FacebookXWhatsAppEmailPrintViber Cyprus has secured fourth place worldwide and top spot in Europe for attracting relocating wealthy investors, according to Henley & Partners’ report “Millionaires on the Move: Winners, Losers, and the Global Competition for Wealth in 2026”. The report ranked Cyprus as Europe’s most structurally attractive destination, with a score of 73.5, giving the country the highest overall score for the long-term settlement of wealthy individuals and investors based on its structural characteristics. The report attributed Cyprus’s success to a combination of flexible residency laws, a favourable tax regime, a business-friendly environment, a relatively straightforward settlement and company registration process, a stable legal system with strong property protection, a high quality of life and climate, good connectivity to Europe, the Middle East and Africa, and the security of full European Union membership. The top ten destinations identified in the report were Singapore (79.5), New Zealand (75.8), the Cayman Islands (74.3), Cyprus (73.5), the Netherlands (72.8), Portugal (72.5), Italy (72.3), Bermuda (72.0), Hungary (71.8) and Latvia (71.7). Henley & Partners’ 2025 report, which included detailed figures on millionaire investor movements worldwide compiled on its behalf by New World Wealth, had placed Cyprus 17th, with 250 millionaires relocating to Cyprus from their home countries and transferring 2.6 billion US dollars in wealth. Singapore continues to consolidate its position as one of the world’s leading wealth hubs, the report found, supported by political stability, strong institutions, deep capital markets and sustained demand from internationally mobile wealth across Asia. New Zealand is attracting renewed investor interest following reforms to its Active Investor Plus Visa programme, the report said, underpinned by strong rule of law, geopolitical stability and its appeal for long-term family planning. Italy was named among Europe’s top success stories of 2026, with interest driven by its flat tax regime for new residents, favourable inheritance tax framework and access to the EU market, while Milan is increasingly emerging as an international hub for financial and family offices, according to the report. The report also highlighted Uruguay (71.8), Panama (71.5), Hong Kong (71.2), Switzerland (70.8), Greece (70.5), Costa Rica (70.2) and Monaco (70.0) as highly competitive wealth mobility destinations. The findings were compared against data from the World Bank, the International Monetary Fund, the Organisation for Economic Co-operation and Development and the Global Peace Index, and cross-referenced with survey and application trends, policy developments, market intelligence and Henley & Partners’ broader wealth mobility patterns. Switzerland is benefiting from increased demand for stability, capital preservation and wealth protection amid heightened geopolitical uncertainty, the report said, while Hong Kong is experiencing renewed momentum as family office activity and investor migration demand regain pace. Read more: Richest 10% hold 67% in Cyprus, wealth tax could raise €2.1bn Subscribe to our Newsletter Latest News Isolated storms expected as temperatures reach 35 degrees Cyprus sends two firefighting aircraft to aid France with wildfires Kremlin claims complete capture of Kostiantynivka as Kyiv rejects reports Turkish Cypriot man critical after group attack in Ayia Napa Bus collides with two vehicles in Ayia Napa road accident Recent violence reignites debate on femicide and gun control in Cyprus Three suspects arrested over burglary of Limassol housing complex Follow en.philenews on Google News and be the first to know all the news about Cyprus and the world.