A February 2026 report on countries attracting the most millionaires shows that the US remains the top destination for the ultra-rich.
The new study by the Toronto-based marketing agency dNOVO Group reveals which countries offer the best legal protection and financial opportunities for wealthy migrants.
According to the study, the US remains the most attractive country for tycoons, with 7,500 millionaires choosing America over places like Hong Kong or Singapore.
Over 3,500 multimillionaires relocated to Italy last year, drawn by European stability and residency programs despite higher tax rates.
Migrant millionaires brought $63 billion to the UAE in a single year, the most of any country.
The report looked at net migration numbers, showing how many wealthy individuals moved to each country last year, and estimated the total capital these migrants brought with them.
Countries were scored on the rule of law, measuring judicial independence and property rights enforcement, political stability ratings, and financial secrecy provisions.
The report combined these factors to rank countries by their ability to attract and host migrating millionaires under strong legal systems.
1. United States
- Millionaires migrating: 7,500
- Estimated wealth inflow: $43.7 billion
- Political stability score: 64.27
- Rule of justice score: 0.68
- Financial secrecy index share: 0.0566
Why rich migrants are moving to US
The United States is the best destination for ultra-rich migrants.
America welcomed 7.5K millionaires last year alone, who brought $44 billion in capital with them.
The country’s appeal comes from strong property rights and contract enforcement, scoring 0.68 on the rule of law index.
While the US doesn’t offer the privacy levels of offshore havens, it provides something wealthier migrants value more: legal predictability and protection through established courts.
Plus, its financial secrecy score of 5.66% is actually among the highest among major economies.
2. United Arab Emirates
The UAE comes second, attracting the most millionaire migrants at 9.8K individuals.
These wealthy residents brought $63 billion into the country, the largest capital inflow globally.
Dubai and Abu Dhabi offer zero personal income tax alongside political stability, scoring 79.37 in the index, well above the US.
The Emirates also receives 0.64 points for the rule of law, indicating strong contract enforcement despite being a younger legal system.
For migrants prioritizing tax efficiency over long-established institutions, the UAE has become a go-to choice.
3. Singapore: Is it politically stable?
Singapore takes third place, drawing 1.6K millionaires who relocated with $8.9 billion in wealth.
The city-state posts the highest political stability rating at 86.94, making it Asia’s safest jurisdiction for capital.
Singapore also has a high score in the rule of law (0.78), matching European standards, while also offering stronger financial secrecy at 3.44%.
This combination gives wealthy migrants both legal protections and privacy for managing assets across borders.
4. Canada
Canada ranks fourth with 1K millionaire arrivals bringing $5.7 billion.
The country scores 0.79 on the rule of law, tied with Australia for the strongest legal framework outside Europe.
Canada’s another draw is political stability, ranking among the highest with the index at 76.12, and reflecting a mature democracy with predictable policies.
While its legislation offers less financial privacy, migrants choose Canada for immigration pathways that lead to citizenship and access to North American markets.
5. Australia
Australia rounds out the top five, also attracting 1K high-net-worth individuals with $5.6 billion in capital.
How does Australia rank in rule of law score?
The country posts the highest rule of law score at 0.80, giving migrants the strongest judicial independence of any destination.
Its political landscape is also quite stable, as the country’s index reaches 79.44, surpassing Canada and most European nations.
Australia’s financial secrecy rating is low, but like in the case of Canada, those migrating here prioritize legal certainty and quality of life over privacy considerations.
Shamil Shamilov, CEO of dNOVO Group noted that despite the reputation, millionaires are chasing tax breaks but running from unstable governments and weak courts.
“You can save 20% on taxes by moving to a low-tax country, but if that country changes its laws overnight or can’t protect your property rights, you’ve lost everything. That’s why the US still wins despite higher taxes,” Shamilov said
“American courts have 200 years of case law protecting private property, and for many, that’s worth more than any tax incentive,” he added.
