Malta among the world’s top destinations for migrating millionaires

Malta’s millionaire population is increasing at a rapid pace, registering the sixth-fasting growth in the world.

The top five countries were Vietnam, China, Mauritius, India and the United Arab Emirates.

Between 2013 and 2023, Malta’s millionaire population increased by 74 per cent, and now numbers over 10,000.

There are also 45 centi-millionaires (with over €100 million) and three billionaires living in the country, according to a new report by Henley & Partners and New World Wealth.

Millionaires are defined in the study as individuals with liquid investable wealth of $1 million or more.

The report’s author concludes that “the countries with the greatest growth in high-net-worth individuals continue to be those who have prioritised policies designed to entice millionaires to their shores — nine of the top 10 countries attracting the most millionaires in 2024 have formal investment migration programs and actively encourage foreign direct investment in return for residence or citizenship rights.”

In a press release, Henley & Partners said that it has received “record levels” of enquiries about residence and citizenship by investment programmes over the past 12 months, from nearly 200 different countries.

“The top two nationalities currently driving demand are Americans and Indians, with Brits, Filipinos, and South Africans remaining in the Top 10 as they have done for the last five years,” said the firm.