Mauritius: Quietly Rising as a Global Magnet for Millionaire Migration

While global attention often centers on the movement of high-net-worth individuals (HNWIs) toward powerhouses like the UAE or the US, smaller and more agile markets are emerging as under-the-radar winners in this global realignment. Mauritius is one of them.

August 4, 2025

According to the latest Private Wealth Migration Report 2025 by Henley & Partners, this year will see a record-breaking 142,000 millionaires relocating across the globe — the largest wealth migration ever recorded.

📈 Mauritius in the Global Context

In 2025, Mauritius is projected to welcome approximately 100 new HNWIs, defined as individuals with at least USD 1 million in investable assets, excluding their primary residence. The estimated combined wealth of these incoming residents is around USD 500 million — a significant injection for a small island economy.

Even more striking is the long-term trend:
The number of millionaires living in Mauritius has grown by 63% since 2014, one of the highest growth rates in Africa.

By comparison, the countries seeing the largest net inflows of wealthy individuals this year include:

🇦🇪 United Arab Emirates (+9,800)

🇺🇸 United States (+7,500)

🇮🇹 Italy (+3,600)

🇨🇭 Switzerland (+3,000)

🇸🇦 Saudi Arabia (+2,400)

Meanwhile, countries like the UK (–16,500), China (–7,800), India (–3,500), South Korea (–2,400), and Russia (–1,500) are projected to experience the greatest HNWI outflows. In the UK’s case, this is driven by a combination of tax reforms (such as the end of the non-dom regime), policy shifts, and broader uncertainty in the post-Brexit environment.

🌐 Why Mauritius Is Attracting Wealth

Mauritius has quietly positioned itself as a premier destination for investors, entrepreneurs, and international families by offering:

Political and economic stability
A favorable tax regime (no capital gains or inheritance taxes)
A growing network of double taxation avoidance agreements
Competitive residency-by-investment options
A strong and expanding financial services ecosystem
An ideal timezone bridging Europe, Asia, and Africa

As investors look for stable jurisdictions with business-friendly environments and high quality of life, Mauritius continues to check all the boxes.

💳 How MAGMA Supports This Growing Market

At MAGMA, we serve businesses and professionals who move capital across borders — seamlessly and with confidence. Our platform is built for international B2B payments in 100+ currencies, tailored to the needs of a mobile, discerning client base.

We offer:

  • Favorable FX rates and transparent conversion
  • Dedicated human account managers, not bots — a standard of service familiar to high-net-worth individuals
  • A secure, intuitive online dashboard for managing global transactions
  • Remote account opening, without the need for in-person visits
  • Reliable infrastructure for international receivables, payouts, and treasury operations

Whether you’re a fund administrator, trading firm, fintech, or holding company with cross-border exposure — MAGMA provides the financial rails and service quality to keep your operations smooth, compliant, and fast.

🌟 Looking Ahead

The 2025 migration trends are clear: private capital is seeking stability, access, and efficiency. Mauritius is increasingly on the map — not just as a tropical destination, but as a serious node in the global financial network.

At MAGMA, we believe financial infrastructure should move at the speed of global opportunity. And in places like Mauritius, that opportunity is accelerating.

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