Following Donald Trump's massive victory in the United States presidential elections, rich Americans have started looking for the golden visa programs, which allow foreign citizenship or residency through substantial investments. Henley & Partners, a pioneer in citizenship by investment, reported a 400 percent rise in inquiries from US citizens during the election week, CNN reported. Head of private clients at Henley & Partners, Dominic Volek described the trend as a strategy for “optionality.
” He said it was similar to “an insurance policy,” with most applicants seeking backup plans rather than permanent relocation. Another consultancy, Arton Capital, reported a fivefold surge in Golden Visa inquiries the day after the election results. Arman Arton, CEO, said, "A very small percentage of these people are actually relocating, but they all want to have the option as a Plan B.
" For those seeking golden visas, European countries remain the top choice. Portugal's Golden Residence Permit Programme is particularly popular for its affordability and fast track to EU citizenship. A minimum investment of Euro 250,000 in cultural heritage can grant residency, with citizenship eligibility after five years.
ALSO READ: After Watches And Sneakers, Donald Trump Is Now Selling Autographed Guitars The ultra-wealthy gravitate towards Malta and Austria. Malta offers immediate citizenship for a Euro 600,000 non-refundable payment, along with additional investments in real estate and chari.
