In another note of optimism for our country, Americans with money are officially starting to stockpile second passports as “Plan B” for their families.
In fact, Americans who are citizenship or residency in foreign countries “has skyrocketed” over the last 3 years, according to a new report from Insider/Yahoo News. The report says that billionaires and entrepreneurs, along with celebrities, are all looking for a backup plan to the red, white and blue, should the proverbial stuff hit the fan.
Among the worries of the rich remain Covid, climate change and political turmoil, the report says.
There are more than a dozen countries that offer what are called “golden passports” and visas, the report says. These passports allow foreigners to get citizenship solely for investments in the country.
For example, Malta has a program where you can receive citizenship for investing $1.1 million. In Austria, that number is $9.5 million.
Latitude Residency & Citizenship helps guide high net