{"id":55,"date":"2026-05-27T06:41:17","date_gmt":"2026-05-27T06:41:17","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=55"},"modified":"2026-05-27T06:41:17","modified_gmt":"2026-05-27T06:41:17","slug":"rich-americans-are-collecting-citizenships-as-plan-b-in-uncertain-times","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=55","title":{"rendered":"Rich Americans Are Collecting Citizenships As \u2018Plan B\u2019 In Uncertain Times"},"content":{"rendered":"
\n

Crucial Quote<\/h2>\n

\u201cAmericans have gone from 4% to 74% of my business\u201d since 2019, Latitude World\u2019s Major told Forbes.<\/p>\n

Read more Pope Leo Paints Bleak AI Future\u2014With \u2018Tower Of Babel\u2019 Warning\u2014Without Human Control<\/a><\/p>\n

Surprising Fact<\/h2>\n

For the first time since the Great Depression, more people left the U.S. than moved there in 2025, The Wall Street Journal reported. While the Trump administration hails negative net migration as a success story of deportations and restrictive visas, America\u2019s own citizens are also leaving in record numbers.<\/p>\n

Why Are Wealthy Americans Seeking Second And Third Citizenships?<\/h2>\n

\u201cMy clients tell me, \u2018I want a combo. I want two citizenships and a green card\u2019,\u201d Major told Forbes. Katz said he has clients who collect them \u201clike stamps, because that\u2019s what they\u2019re into, instead of buying Rolexes or Lamborghinis.\u201d Wealthy Americans see citizenship diversification as a hedge against financial and geopolitical risks after the tumultuous last decade. \u201cAmericans now get it, that you\u2019re exposed with just one citizenship,\u201d Major said, noting that clients\u2019 motivations range from concerns over security and freedom of movement to lifestyle preferences. In the Apex Capital Partners study, respondents cited cost of living (68%) and the political climate (54%) as top reasons for thinking about leaving the U.S. \u201cPeople on the left are scared Trump might run for a third term \u2026 and people on the right are afraid of somebody like a Mamdani coming in and starting to nationalize things\u2014and so everyone’s worried,\u201d Katz told Forbes.<\/p>\n

New Zealand A Great Choice \u2018if World War Iii Was To Break Out\u2019<\/h2>\n

For ultra-high-net-worth American clients with about $100 million in investable assets, New Zealand has become a popular choice, Major told Forbes. \u201cEnglish speaking, other side of the world. If World War III was to break out, it\u2019s a pretty good place to be hanging out,\u201d he said. \u201cBut it\u2019s not cheap. The entry point to a green card is $5 million New Zealand\u2014that\u2019s about $3 million U.S.\u2014and it\u2019s an investment, not a donation.\u201d No. 8 on Henley & Partner\u2019s Global Residence Program Index, New Zealand gets top marks for reputation and quality of life. Katz has seen less interest from clients in New Zealand, noting the price tag \u201cknocks out a majority of potential buyers.\u201d <\/p>\n

<\/div>\n

Europe Is Hot, But Getting Harder To Acquire Citizenship <\/h2>\n

Ultra-wealthy Americans are \u201cvery much interested in Europe\u2014but for citizenship, not residency,\u201d Major said, noting citizenship in one country gives frictionless mobility in 29 European countries in the Schengen area. But the path into Europe has become harder in recent years due to changes to several popular programs. Two years ago, Greece\u2019s \u201cgolden visa\u201d program\u2014which delivers permanent residency but not citizenship\u2014raised its minimum investment threshold from \u20ac250,000 ($290,000 US) to as much as \u20ac800,000 ($928,000 US) in the country\u2019s hottest markets. In April 2025, Spain ended its golden visa program after residents complained the high influx of foreigners was driving up housing prices. Last month, Portugal doubled the residency requirement before applying for citizenship from five years to 10 years. And after last year\u2019s landmark European Court of Justice dismantled Malta\u2019s popular citizenship-by-investment model, the country shifted toward a narrower and more subjective \u201ccitizenship by merit\u201d framework where applicants are required to make exceptional contributions other than direct financial investments. Even with the stricter rules, Malta remains a popular choice for his clients, Major noted: \u201cWe\u2019ll probably do 50 of these this year.\u201d The United Kingdom, which is no longer part of the European Union, saw a surge of citizenship applications from Americans in the months immediately after Trump was re-elected, The Guardian reported.<\/p>\n

The Caribbean Is The Fastest, Cheapest Option<\/h2>\n

The Organisation of Eastern Caribbean States is \u201csort of like the E.U. of the Eastern Caribbean, where if you\u2019re a citizen of one of seven countries, you have the right to live and work in the others,\u201d Katz told Forbes, adding that nabbing such a citizenship is generally both cheaper and faster than applying in other parts of the world. Americans can buy a Caribbean citizenship for roughly $250,000, with processing times of between four to six months.<\/p>\n

Read more Anthropic Billionaire Cofounder Joins Pope Leo, Warns AI Job Losses Will Spark \u201cMoral Imperative Of Historic Proportions\u201d<\/a><\/p>\n

Easiest And Cheapest Route To Citizenship Is Through Ancestry<\/h2>\n

Americans whose family trees have roots in other countries are \u201cgrabbing citizenship by descent into Canada and into Europe,\u201d Major told Forbes, noting his firm always advises exploring this option first. The number of Americans seeking Irish citizenship through ancestry\u2014a route for people with Irish parents or grandparents\u2014jumped 63% last year. And after Canada removed generational limits for those seeking dual citizenship, more Americans have reportedly applied for Canadian citizenship than the next nine source countries combined.<\/p>\n

Meanwhile: The Trump Gold Card Has Been A Flop<\/h2>\n

Soon after President Trump began his second term, his administration began hyping the Trump Gold Card, a new visa promising wealthy foreigners a fast-track to U.S. residency along with an abatement to avoid paying U.S. taxes on foreign income. When the program was announced, President Trump boasted the country would sell one million Trump Gold Card visas at $5 million apiece. Weeks later, Commerce Secretary Howard Lutnick claimed he sold 1,000 of the visas in a single day on a trip to the Middle East. But it soon became clear the Trump administration had vastly overestimated the market. \u201cThe pool of global UHNWIs (ultra-high-net-worth individuals) able\u2014and willing\u2014to contribute USD $5 million outright is relatively small, especially when compared to residence by investment alternatives that are investment-based rather than donation-based,\u201d Henley & Partners told Forbes at the time. By September, the U.S. government had slashed the price of a Trump Gold Card by 80% to $1 million and eliminated the tax abatement. In February, a White House spokesman told The Wall Street Journal that Trump administration policies were attracting \u201ccountless ultra-high net worth foreigners\u201d who were \u201cshelling out $1 million for a Gold Card to come settle in the United States.\u201d But two months later, only one Gold Card visa had been approved. \u201cBumping the price down to $1 million was huge, but it’s still not working,\u201d Katz told Forbes. <\/p>\n

Tangent<\/h2>\n

Bernie Moreno, R-Ohio, introduced legislation in December to eliminate dual citizenship and require Americans to \u201cowe sole and exclusive allegiance to the United States.\u201d<\/p>\n

Further Reading<\/h2>\n

Trump\u2019s \u2018Gold Card\u2019 Visa Flops? Only One Approved So Far. (Forbes)<\/p>\n

U.S. Passport Returns To 10 Most Powerful\u2014Despite Drop In Visa-Free Access (Forbes)<\/p>\n

Read more Rising Beef Prices Are Slaughtering Steakhouses<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

For a growing number of rich Americans, holding multiple citizenships and residencies is an insurance policy against economic and political uncertainty in the U.S.<\/p>\n","protected":false},"author":1,"featured_media":54,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-55","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-travel"],"yoast_head":"\nRich Americans Are Collecting Citizenships As \u2018Plan B\u2019 In Uncertain Times - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=55\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rich Americans Are Collecting Citizenships As \u2018Plan B\u2019 In Uncertain Times - 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