Montenegro: The Rapid Rise of Global Millionaire Haven

Montenegro: A Prime Destination for Wealth

Situated between the stunning blue waves of the Adriatic Sea and the majestic Dinaric Alps, Montenegro has witnessed a remarkable 124% surge in its millionaire population over the past ten years, as reported by the Henley Private Wealth Migration Report for 2025. This impressive growth positions Montenegro as the fastest-growing hub for millionaires worldwide.

Government Initiatives Driving Wealth

Prime Minister Milojko Spajić attributes this transformation to more than just favorable weather conditions. Speaking at Fortune’s Global Forum in Riyadh, the 37-year-old stated, “We are very keen to bring the smartest and brightest of the world to Montenegro,” highlighting that low tax rates have significantly contributed to attracting ultra-wealthy individuals.

“Our tax policy is very straightforward. We believe that those who invest in Montenegro—whether they are investors, employees, or managers—should receive tax benefits,” he elaborated.

Attractive Tax Structure

Montenegro stands out with some of the lowest personal and corporate tax rates in Europe, with rates ranging from 9% to 15%. Taxpayers can expect to pay nothing for earnings up to €700, a 9% tax on income between €701 and €1,000, and 15% on any income exceeding €1,000. (For context, one euro is valued at $1.16.) In stark contrast, Switzerland's top personal income tax rate can soar to approximately 40%.

Additionally, Prime Minister Spajić announced that Montenegro's corporate income tax is set to become the lowest in Europe.

“We also have the lowest labor tax wedge in Europe,” he emphasized. “Our goal is to ensure that people who choose to invest their futures in Montenegro feel rewarded for their commitment.”

A Unique Economic Proposition

In addition to its favorable tax landscape, Spajić put forward another compelling reason for potential investors: Montenegro's currency is linked to gold.

“What’s particularly interesting for investors is that we operate under a quasi-gold standard. For us, the euro is akin to gold; in order to acquire euros, we must sell our assets, services, or goods. Therefore, we must exchange something tangible to obtain euros, keeping the pricing of Montenegro's assets fair and insulated from past quantitative easing,” he noted.

“Thus, one of the reasons why Montenegro presents an attractive investment opportunity is due to our reasonable pricing,” he concluded.

Global Trends in Wealth Migration

Fastest-Growing Millionaire Hubs

• Montenegro: 124% increase in millionaires from 2014 to 2024
• UAE: 98% increase
• Malta: 87% increase
• Poland: 82% increase
• USA: 78% increase

As the global economy grapples with persistent armed conflicts and trade disputes, many millionaires are relocating to seek safer havens for their wealth. This phenomenon has been termed the ‘great wealth migration.’

In 2025, around 142,000 millionaires are expected to have relocated, with predictions suggesting that about 165,000 will make similar moves in 2026, according to the Henley Private Wealth Migration Report. While Montenegro currently hosts 2,800 millionaires—a number that pales in comparison to larger nations—it is experiencing unprecedented growth in its millionaire populace.

“Montenegro’s low-tax regime, which features flat income taxes and no inheritance or gift tax, has made it particularly appealing for those looking to preserve their wealth,” stated Henley & Partners’ experts.