High-net-worth investors pursue EU citizenship through Malta’s $1.2 million program, while others opt for Caribbean options starting at $300,000.
A new wave of wealthy Americans, especially young tech entrepreneurs and finance professionals, is pursuing « golden visas » ahead of the 2024 presidential election between Vice President Kamala Harris and former President Donald Trump, NBC News reports.
Immigration attorneys describe an unprecedented surge in applications for foreign residency rights, particularly among upwardly mobile millennials and Gen-Z investors concerned about political instability no matter the winner of Tuesday’s results.
This rush for foreign citizenship marks a stark departure from previous election cycles. While wealthy individuals historically threatened to leave during contentious political periods, immigration experts note this time is different – with clients actively initiating the complex process of securing overseas residency rights.
A recent survey by Arton Capital found 53 percent of American millionaires say they’re more likely to leave the U.S. after the election, regardless of outcome. The trend is particularly pronounced among younger millionaires, with 64 percent of those between 18 and 29 « very interested » in residency-by-investment programs.
The trend represents a seismic shift in how America’s elite view citizenship, transforming it from a fixed national identity into a strategic asset. The global COVID-19 pandemic accelerated this evolution when travel restrictions highlighted the value of multiple passports.
