Editor-DN
Wealthy Americans are seeking Golden Visa programs that allow foreign citizenship or residency through substantial investment. The reason? Donald Trump’s arrival as US President is very close. Hanley & Partners, a pioneer in citizenship investing, noted a 400 percent increase in inquiries from US citizens during election week. CNN Reported
Dominic Wolk, head of private clients at Henley & Partners, described the trend as an “optional” strategy. It’s like an “insurance policy,” he said, with most applicants looking for backup plans rather than permanent transfers.
Arton Capital, another consultancy, saw a fivefold increase in inquiries the day after the election results. “A very small percentage of them are actually moving, but they all want to have the option as a Plan B,” CEO Armand Orton remarked.
European countries are the most popular destinations for Golden Visa aspirants. Portugal’s Golden Residence Permit program stands out for its affordability and quick path to EU citizenship. With a minimum investment of €250,000 in cultural heritage, applicants can obtain residency and, after five years, apply for citizenship.
The super rich often favor Malta and Austria. Malta offers instant citizenship for a €600,000 non-refundable payment, with additional investment in real estate and charitable donations. Austria requires an investment of at least €3.5 million in exchange for citizenship, usually in a local business.
Historically, golden visa programs have attracted individuals from politically unstable countries, but U.S. demand has increased during the pandemic as travel restrictions hit wealthy families, according to Mr Volk.
While the golden visa trend is driven by the wealthy, many ordinary Americans are also considering moving abroad. For many, the motivation is not luxury, but safety. Flannery Foster, an American living in Spain, helps others navigate the process of moving abroad. “I’m talking to people (whose) lives are in danger,” she said, referring to women, black people and families with LGBTQ+ members.
These individuals often want to retain their US citizenship. “There’s a sense of, ‘I’m going because I have to, and I want to make sure my vote still counts,'” Ms. Foster explained.
Social media debates about migration have also gained momentum, especially among those who cannot afford golden visas. Oh YouTube video The title “Countries for Americans Who Want to Leave the U.S.” has more than half a million views, with many citing their own plans to live abroad. Commented on the plans.
