Record numbers of wealthy Americans are making plans to leave the U.S. after the Election

Wealthy Americans are increasingly seeking second passports or long-term residencies abroad. This trend is largely driven by concerns about political and social unrest related to upcoming elections. Immigration attorneys are reporting a significant rise in demand for these options, as affluent clients take proactive steps to consider relocation outside the United States.

A recent survey reveals that more than half of American millionaires are thinking about leaving the U.S. after the election, regardless of the outcome. Younger millionaires, especially those aged 18 to 29, show the most interest in residency-by-investment programs, with 64% expressing strong enthusiasm. This shift indicates a growing trend among the wealthy to seek security through diversified citizenship.

The desire for a second passport often comes from worries about political stability and personal safety. Many affluent individuals see holding citizenship in only one country as risky. By obtaining second passports, they aim to protect themselves against potential instability in the U.S. and ensure safer travel options, especially in regions that may not be friendly to Americans.

Popular destinations for relocation include several European countries such as Portugal, Malta, and Greece. These nations offer appealing residency-by-investment programs, attracting wealthy Americans looking for new opportunities. Caribbean countries, like Antigua and Barbuda, are also gaining traction, providing accessible paths to citizenship for those seeking a second passport.

However, the immigration landscape is changing quickly. Some European countries have begun tightening regulations on golden visa programs that grant residency based on financial investments. For instance, Portugal has recently adjusted its investment thresholds and removed residential property from the list of qualifying investments, responding to rising property prices fueled by foreign buyers.

The application process for residency or citizenship can be lengthy, often taking months or even years. Immigration attorneys warn that many clients may experience delays due to an anticipated surge in applications after the election. As uncertainty looms, individuals are eager to finalize their plans for relocation, leading to increased competition for available programs.

In summary, the growing interest among wealthy Americans in obtaining second passports and long-term residencies highlights a significant trend driven by political and social anxieties. As affluent individuals explore opportunities abroad, they encounter both potential benefits and challenges, making the landscape of international migration dynamic and ever-evolving.