Soaring numbers of wealthy Americans are buying 'golden passports' that grant them citizenship to New Zealand, Portugal and other 'safe' countries over fears of impending civil war in their home country.
Henley & Partners, a firm that helps the wealthy shop around for citizenship across the globe, said sales to American nationals worth between $50 million and $20 billion have shot up more than 337 percent since 2019, Business Insider reported.
Countries involved - including Portugal, Malta, New Zealand and Austria offer citizenship or visas that lead to citizenship in return for heavy investment in the host national, and a visit of just a few days there each year.
Other issues said to have seen the demand for foreign passports spike include the likely end of Roe V Wade, which legalized abortion across the US, Florida's Parental Rights in Education Bill - better known as the Don't Say Gay Bill, as well as fears for the future of America's democracy following the Black Lives Matter and January 6 riots.
Latitude Residency & Citizenship and Dasein Advisors, two other citizenship firms, said they too have seen more inquiries from American clients over the past three years than in the previous 20 combined.
Henley & Partners, a firm that helps the wealthy shop around for citizenship across the globe, said sales to American nationals worth between $50 million and $20 billion have shot up more than 337 percent since 2019, Business Insider reported.
Countries involved - including Portugal, Malta, New Zealand and Austria offer citizenship or visas that lead to citizenship in return for heavy investment in the host national, and a visit of just a few days there each year.
Other issues said to have seen the demand for foreign passports spike include the likely end of Roe V Wade, which legalized abortion across the US, Florida's Parental Rights in Education Bill - better known as the Don't Say Gay Bill, as well as fears for the future of America's democracy following the Black Lives Matter and January 6 riots.
Latitude Residency & Citizenship and Dasein Advisors, two other citizenship firms, said they too have seen more inquiries from American clients over the past three years than in the previous 20 combined.