Image by Gerhard Bögner from Pixabay
As record numbers of wealthy individuals seek new places to live, invest, and build their futures, Monaco continues to reinforce its position as one of the world's most attractive destinations for internationally mobile wealth.
According to the newly released Henley Private Wealth Migration Report 2026, the Principality ranks among the world's most competitive jurisdictions for millionaire migration, joining a select group that includes Switzerland, Portugal, Italy, Greece, and Hong Kong.
The report comes at a pivotal moment. Global wealth migration is expected to reach unprecedented levels this year, with an estimated 165,000 millionaires projected to relocate internationally in 2026 — the highest figure ever recorded. The trend reflects a growing desire among affluent individuals to diversify their personal, financial, and geographic exposure in an increasingly complex global environment.
Unlike previous editions, the latest report evaluates destinations through a broader lens, measuring factors such as taxation, quality of life, political stability, rule of law, mobility, and long-term wealth preservation. Monaco scored particularly strongly, earning a Wealth Mobility Competitiveness Score of 70 out of 100 and securing its place among the world's most desirable jurisdictions for high-net-worth individuals.
The Principality also emerged as one of the leading destinations globally for tax efficiency, a factor that continues to play an important role in relocation decisions for international entrepreneurs, investors, and family offices.
While many European countries are facing increasing fiscal pressures and tax reforms, Monaco's appeal remains rooted in a combination of advantages that few destinations can offer simultaneously. Political stability, security, a favourable tax environment, an international business community, world-class healthcare, and an exceptional Mediterranean lifestyle continue to attract wealthy residents from across Europe and beyond.
The report highlights growing challenges for several traditional wealth centres. Countries such as France, the United Kingdom, Germany, and Norway are experiencing increased pressure as changing tax policies and economic uncertainty encourage some affluent individuals to explore alternative jurisdictions.
Monaco's continued success is already visible on the ground. Demand for residency remains strong, while official demographic data points to steady population growth in recent years, particularly among international residents. British nationals, in particular, have become an increasingly important part of the Principality's resident community.
As global wealth becomes more mobile than ever before, Monaco appears well positioned to benefit from one of the defining economic trends of the decade. In a world where location has become a strategic decision, the Principality continues to offer a rare combination of stability, opportunity, and quality of life — attributes that remain highly valued by the world's wealthiest individuals.