Golden Visas Gain Popularity Amid US Political Divisions
Interest in “golden visas” has surged among US citizens, particularly in the wake of the recent election and the looming possibility of another Donald Trump presidency. Golden visas allow individuals to secure foreign citizenship or residency by making significant investments, often in real estate, government bonds, or startups. Consulting firms have reported a sharp increase in inquiries from US nationals about these programs, reflecting a growing desire for a “Plan B” in uncertain times.
Inquiries Surge After Election Results
Henley & Partners, a leading firm in investment migration, observed a nearly 400% increase in inquiries from US citizens during the week following the election. While many of those seeking golden visas are not planning to permanently relocate, the primary motivation is to have the option to do so if needed. Dominic Volek, head of private clients at Henley & Partners, explained that many are treating this as a form of insurance or a backup plan.
Arton Capital, another consultancy, also reported a significant spike in inquiries, with over 100 requests on the day after the election—five times their usual daily volume. CEO Armand Arton noted that while few of these individuals intend to relocate immediately, many are eager to have the option available.
Italian Village Capitalizes on US Demand
In an attempt to attract those seeking an escape, the village of Ollolai in Sardinia launched a website offering affordable properties to potential buyers. The initiative aims to capitalize on the demand for relocation, hoping to appeal to those who are disillusioned by the political climate in the US.
Emerging Market Elites Traditionally Dominated Golden Visa Programs
Historically, golden visa programs have been popular among elites from emerging markets, including countries such as Nigeria, South Africa, China, India, and the Philippines. These individuals often seek the security of a second passport or residence to avoid political or economic instability at home. However, since the pandemic, Americans have increasingly turned to these programs, driven by the difficulties of traveling during lockdowns and the growing political divisions within the US.
European Golden Visa Programs Most Sought After
According to Henley & Partners, American interest in golden visas has risen by 33% this year compared to last. Among European programs, Portugal’s Golden Residence Permit Program is the most popular due to its relatively low investment threshold of €250,000, which can be invested in cultural heritage or the arts. Additionally, it offers a path to European Union citizenship after five years. Other countries like Greece, Spain, and Italy also see considerable demand, though their citizenship pathways take longer.
For the super-wealthy, countries like Malta and Austria are appealing. Malta offers immediate citizenship through a €600,000 non-refundable payment, plus additional investments in real estate and charity donations. Austria requires significant investments in local businesses, with costs typically starting around €3.5 million.
Growing Interest Among Ordinary Americans
While golden visas are out of reach for most Americans, the growing desire to relocate abroad has sparked widespread discussions on social media platforms. YouTube videos and Reddit threads about leaving the US after the election have garnered significant attention, with many Americans exploring ways to emigrate.
For some, particularly within marginalized communities such as women, LGBTQ+ individuals, and those with transgender children, the desire to leave is driven by fears for their safety and rights under a potential second Trump term. Flannery Foster, an American living in Spain, reported an “exponential growth” in inquiries from individuals seeking to live outside the US due to these concerns. Many of these individuals still want to maintain their US citizenship, with the intention of ensuring that their votes still count while finding safety elsewhere.
The growing interest in relocation options demonstrates the increasing desire for a backup plan among Americans feeling unsettled by the current political climate.
