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Many Americans choose to live abroad for a change of scenery and weather, for new experiences and adventure, or to build wealth.
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For some people, the reason and location they choose to live abroad may be based on the cost of living, but for wealthy Americans who have no problem with money, the world is their oyster, and they have migrated in droves in recent years. I am.
In fact, according to a report by Henry & Partners, an investment immigration consultancy, the company received a record number of inquiries from U.S. citizens in 2022, an increase of 447% from 2019. For the first time, Americans ranked highest among citizenship applicants worldwide. Place of residence and nationality.
Here are the top destinations that attract wealthy Americans for residency and citizenship.
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Portugal
According to Henry & Partners, the Golden Residency Permit Program makes the country the most popular relocation investment destination for U.S. citizens.
The program, which granted wealthy people residency rights in exchange for real estate investments, led to a net inflow of about 1,300 billionaires to Portugal in 2022, according to Foreign Policy.
malta
Similarly, Malta’s investment products also attract many wealthy American citizens.
Malta grants citizenship to foreign individuals and their families who contribute to economic development. According to Henley & Partners, the fee will be 738,000 euros ($791,000) for a minimum period of 36 months and 888,000 euros ($952,000) for a minimum period of 12 months.
Spain
Other countries that attract wealthy Americans thanks to their investment programs include Spain, thanks to the Spanish Golden Visa. Successful applicants and their families will be granted visa-free access throughout Europe’s Schengen Area and will be required to invest a minimum of 500,000 euros ($536,000).
Additional options include investments in investment funds, bank deposits, or listed company shares in Spanish financial institutions with a minimum amount of €1 million ($1.07 million), or government bonds investments with a minimum amount of €2 million ($2.15 million). Masu.
saint kitts and nevis
Saint Kitts and Nevis is also an attractive destination for wealthy people who love beautiful beaches and tropical landscapes. Obtaining citizenship through the Saint Kitts and Nevis Investment Program requires a minimum investment of $250,000.
According to Henley & Partners, an additional benefit is that obtaining citizenship under the Saint Kitts and Nevis citizenship program allows you and your family to enjoy full citizenship for life, and that citizenship can be passed on to your descendants. It’s something we can pass on to future generations.
Greece
The Greece Golden Visa program is also an attractive option, allowing visa-free travel to Europe’s Schengen area and not requiring you to reside in Greece. A minimum real estate investment of €250,000 ($268,000) is required. Another option is to invest a minimum of 500,000 euros ($536,000) in the municipalities of Mykonos, Santorini, Thessaloniki, and most of Athens.
Italy
Italy’s Golden Visa program allows you to travel visa-free to Europe’s Schengen area without having to live permanently in Italy.
In addition, you may be able to obtain citizenship after 10 years of residence under special conditions.
To enjoy these benefits, you must meet one of the following requirements:
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Italian government bonds of at least 2 million euros ($2.15 million).
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A minimum of €500,000 ($536,000) in Italian stocks (reduced to €250,000 ($268,000) if investing in innovative start-ups).
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A minimum of 1 million euros ($1.07 million) will be awarded to public interest projects in Italy, including culture, education, ecology, migration management, research and development, art and heritage, according to Henley & Partners.
GOBankingRates Details
This article originally appeared on GOBankingRates.com: Top 6 Destinations Attracting Wealthy Americans for Residency and Citizenship
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