Cash flow: 350 millionaires could move to NL this year

A boat in Urk's harbour. Photo:

Some 350 millionaires are likely to move to the Netherlands this year, broadcaster NOS reported on Monday, based on figures from wealth migration advice group Henley & Partners.

There has been a movement towards the Netherlands in the past year, including a ‘relatively large number of expat millionaires from the UK,’ a spokesman told NOS.

The agency publishes an annual report showing migration trends among the super wealthy, based on an analysis of some 150,000 millionaires’ movements.

This year, Russia, China and India are set to lose a large number of their wealthiest citizens, while the UAE, Australia and Singapore will gain thousands, Henley & Partners says.

Unlike many of the popular countries, the Netherlands does not have a clear programme to stimulate ‘investment migration’, through which the very rich can get a visa or passport in return for investing in a given country.

Foreign investors can get a three-year residency permit in return for a €1.25 million investment in either a company or government fund. Just 20 applications were made between 2013 and 2019, and only 10 were approved, NOS said.

MEPs have called for a ban on ‘golden passports’ and the introduction of specific Europe-wide rules for ‘golden visas’ because of fears they are being used to facilitate money laundering and corruption.

According to EU figures, at least 130,000 persons benefited from such schemes between 2011 and 2019, generating revenues of over €21.8 billion for the countries concerned.

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