Since the 80s, when the nation of the island of high -size Caribbean St. Kitts and Nevis introduced citizenship with investment, the richest people in the world have patriots with equal opportunities.
Yeardo year, they spend millions and millions of dollars collecting citizens to influence countries with so -called Visa Golden programs such as Portugal, Malta, New Zealand, Turkey and Dominica. Forget the rights of boasting of having dual citizenship; It is no longer uncommon for a 1 percent globetrotting to hold four to eight visas that lubricate the aircraft determination process, experts say.
“It’s no different than choosing a car,” said Dominic Jones, head of the Greenst Pasture New Zealand, which trades $ 2.8 million kiwi for wealthy investors as a safe and sustainable “plan” should go from the rails. “You can choose a toyota for several reasons or a mercedes for other reasons. Each country has a different attraction.”
Maybe you don’t like the tax regime in your country. There is no problem if you are rich enough to buy around countries for the best deal.
To take advantage of these multifaceted prosperous demands, in February President Trump sailed the idea of removing a long, complex and controversial residence program of America, which requires investment and job creation in a $ 5 million business. “
“We will sell a gold card. You have a green card, this is a gold card,” Trump said at a press conference for the wireless residence program. “It will be a way to citizenship and rich people will come to our country and buy this card.”
But surprisingly – or, perhaps, not being upset at all – the biggest question about the residence abroad now comes from the Americans themselves, according to Murat Coskun, the management partner of Get Golden Visa.
In 2024, his company published a study of Americans who bought citizens and residences around the world. She found that 46% of them cited social and political unrest in the US as a motivational factor.
“Americans are increasingly prioritizing stability and providing their future on short -term profits,” says the company’s white letter, entitled “Great American Exodus,” he says.
In other words: war, turbulent politics and divisive cultural conflicts have billionaires, demi-millionaires and even purely rich planning for the worst.
“Fortunately for me and people in this business, Americans are super motivated now,” said Marco Permunian, the founder of Italian citizenship, which helps Americans buy Italian residence for $ 250,000 to $ 2 million. “Every time something happens, we see an increase in the number of questions. For example, killings, shots, George Floyd’s situation, decision on abortion, choices – all these things. It drives people.”
Those gray clouds, born of populism and the tendency towards “de-globalization”, are at least partly responsible for the “preparatory” mentality that has become so ubiquitous among the ruling elite. They already build panic rooms in their palaces in East End and buy doomsday bunkers in New Zealand, but a passport bag and a private fuel -full aircraft are what lead you there. (Although this is mainly colloquial: most circuits do not issue physical passports to gold visa holders.)
“Wealthy individuals see it as a protection against geopolitical risk – a diversification game,” said Basil Mohr Elzeki, a North America management partner in Henley & Partners, a British consulting on investment migration. “They want to have many places where they can live and operate their businesses.”
For decades, America was the bunker chosen for business titans from developing or war -torn areas.
Since 1990, the US has offered EB-5 as an investment residence program which, for approximately a $ 1 million investment (let’s say, an approved real estate development) and a federal verification soup, receives a green card.
Proven and controversial proven, allegedly attracting fraudsters and money -backers and others not good from abroad, but it remains popular especially with Asians and Latin Americans seeking to escape unstable or left -wing lawyer but now, he says, many Latin fried Americans are taking “a reception and seeing position”.
“For now, I think people have a scared kind to enter the United States because of the vibrations we are putting there in the rest of the world in terms of immigration,” he said.
To pull them back, Trump’s “Golden Card” would replace the EB-5 with something that would give your money for the treasure, get a green card. It would also be one of the most expensive gold visa programs in the world.
For example, one of the most popular visa programs, Portugal, costs only 500,000 euros (about $ 542K) and enables the use of 29 Schengen area countries – the latest protection.
“If they replace EB-5, they will be based on 0.5% of the rich than 5% high,” Elzeki said.
The Golden Card also faces another obstacle: US residence and citizenship comes with major tax implications. Unlike most countries, US citizens living abroad have to pay taxes on income earned abroad. It is a policy that has kept many nabobs not to enroll for US citizenship while pushing others to give up on them.
Said Coskun: “If gold cards do not have to pay taxes in their earnings earned outside the US, this is a big draw for individuals with high -net mesh who have international businesses or wealth.”
Even billionaires who dream of the end of the world as we know they are priced -sensitive demonstrations, and they are happy to allow nations to end in the end to raise their money.
“The most popular programs” – which can come as few as a few hundred thousand – “are Portugal, Greece and Malta in Europe, and Saint Kitts and Nevis, Dominica, and Antigua and Barbuda in the Caribbean,” Coskun said. “They are known because of their value proposals.”
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