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The US rich are getting second passports, citing risk of instability
The top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy, according to a leading law firm.
Portugal's "Golden Visa" program is especially popular since it provides a path to residency and citizenship — with visa-free travel in Europe — in exchange for an investment of 500,000 euros (roughly $541,000) in a fund or private equity. Finally, some wealthy Americans simply want a back-up residency for possible retirement, to be closer to their families who live abroad or for lifestyle reasons in the new age of remote work. Globally, millionaire migration is expected to hit a new high in 2024, as wars, government crackdowns on wealth, and political uncertainty drive more wealthy residents to other countries.
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