Cyprus ranks 4th globally and first in Europe as an attractive destination for the long-term relocation of wealthy individuals and 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, the country appears to be one of the most competitive destinations internationally in terms of the characteristics that influence wealth mobility. The assessment is linked to factors such as its flexible residency framework, investor-friendly tax regime, business environment, relative ease of relocating or setting up a company, legal stability, asset protection, quality of life, climate, and geographic connectivity with Europe, the Middle East and Africa. Particular importance is also attached to Cyprus’s status as a member state of the European Union.
This year’s ranking mainly reflects the competitiveness of institutional and economic conditions, rather than necessarily indicating direct capital flows.
The top three spots in the ranking are held by Singapore, with 79.5 points, New Zealand with 75.8, and the Cayman Islands with 74.3. Cyprus is followed by the Netherlands, Portugal, Italy, Bermuda, Hungary and Latvia. The report also highlights Uruguay with 71.8, Latvia with 71.7, Panama with 71.5, Hong Kong with 71.2, Switzerland with 70.8, Greece with 70.5, Costa Rica with 70.2 and Monaco with 70.0 as locations with highly competitive wealth mobility.
This picture differs from last year’s Henley & Partners report, in which Cyprus ranked 17th based on actual flows, with a net inflow of 250 millionaires and transferred wealth of $2.6 billion. The new ranking mainly reflects the competitiveness of institutional and economic conditions, rather than necessarily indicating direct capital movements.
Source: Filekleftheros
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