Cyprus is strengthening its position on the global investment migration landscape, ranking 4th worldwide and 1st in Europe as a destination for the relocation of wealthy investors, according to Henley & Partners’ report, Millionaires on the Move: Winners, Losers, and the Global Competition for Wealth in 2026.
With an overall score of 73.5 out of 100, Cyprus is recognized as the most attractive European destination based on its structural strengths, which play a key role in the long-term relocation decisions of High-Net-Worth Individuals (HNWIs).
The report attributes the country’s strong performance to a combination of factors, including its competitive tax framework, business-friendly environment, relatively straightforward company formation and operating procedures, stable legal system, robust property rights protection, and high quality of life.
Cyprus’ attractiveness is further enhanced by the security and stability associated with its membership in the European Union, its favourable climate, and its strategic geographic location, providing excellent connectivity to the markets of Europe, the Middle East, and Africa.
Singapore tops the global ranking with a score of 79.5, followed by New Zealand (75.8) and the Cayman Islands (74.3). The remainder of the top ten includes Cyprus (73.5), the Netherlands (72.8), Portugal (72.5), Italy (72.3), Bermuda (72.0), Hungary (71.8), and Latvia (71.7).
Cyprus’ upward trajectory is also reflected in Henley & Partners’ 2025 report. According to the findings, 250 millionaires relocated their tax residence and business interests to Cyprus, bringing with them an estimated US$2.6 billion in investable wealth. This performance placed the country 17th globally in terms of net millionaire inflows.
The report also highlights significant shifts in global wealth migration trends, as affluent individuals and families increasingly seek jurisdictions offering political and economic stability, predictable tax policies, and secure environments for preserving and growing their wealth. Recent changes to investment migration programs in countries such as Spain and Portugal appear to have redirected part of this demand toward alternative European destinations.
In addition, Greece is identified as one of Europe’s fastest-rising investment migration destinations, while Switzerland, Hong Kong, and Italy continue to attract substantial investor interest thanks to their stability, competitive tax regimes, and strong access to international markets.
The report’s findings are based on data from leading international organizations, including the World Bank, the International Monetary Fund (IMF), and the Organisation for Economic Co-operation and Development (OECD), combined with research from New World Wealth and an analysis of global private wealth migration trends. Together, these insights provide a comprehensive overview of the growing international competition among countries to attract high-net-worth individuals and their capital.