A haven country is a sovereign state with high levels of safety and security that remains largely shielded from the world’s political and economic problems.
According to the report, other countries in this category include Australia, Switzerland, Singapore, the UAE, New Zealand, Malta, and Monaco.
Notably, these countries have successfully boosted their economies by attracting wealthy individuals to move there, and all of them are projected to see net inflows of over +200 millionaires in 2024.
Mauritius, currently the fastest-growing wealth market in Africa and the third-fastest growing worldwide, has seen an impressive +87% increase in millionaires over the past decade. It’s the only African country on the list and has become an increasingly popular destination for relocating millionaires from South Africa, the UK, and France.
Why Mauritius and safe haven countries are a magnet for the World’s rich
Common reasons why millionaires migrate to these countries include high levels of safety and security, well-developed and highly regarded banking and wealth management systems, and solid bases for investing in global stock markets, which are particularly important for international investors and financiers.
Popular retirement hotspots, such as Mauritius, Australia, and Malta, are especially sought after due to their top-class healthcare systems and high standards of living.
