Dollars Sense Wealthy Americans Building Their Passport Portfolios Applying For Dual Citizenship

Why Wealthy Investors Are Building Passport Portfolios Apex Capital Wealthy u.s. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a leading law firm. According to cnbc, henley & partners reported a surge in wealthy individuals building "passport portfolios" that provide second, third, or even fourth citizenship in case they must flee their home country.

Why The World S Wealthy Are Building Passport Portfolios Benoit Increasingly more high net worth and ultra high net worth americans are “hedging their bets” against political turmoil and social unrest by pursuing backup visas and citizenships abroad. A growing number of america's affluent set are seeking legal residence or citizenship abroad to safeguard their wealth, a new report has found. Wealthy americans are diversifying their nationality portfolios in response to global uncertainty, often seeking second or multiple citizenships as financial and personal safety nets. Wealthy u.s. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a leading law firm.

Why The World S Wealthy Are Building Passport Portfolios Benoit Wealthy americans are diversifying their nationality portfolios in response to global uncertainty, often seeking second or multiple citizenships as financial and personal safety nets. Wealthy u.s. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a leading law firm. According to citizenship and residency advisory firms such as latitude group and arton capital, demand from united states citizens for second passports or long term residency in other. The wealthy are building these “passport portfolios” — collections of second, and even third or fourth, citizenships — in case they need to flee their home country. While the “exit tax” of renouncing citizenship can be costly, many wealthy u.s. citizens are adding visas and dual citizenship to help their financial positioning and to make business. Rich americans who want a backup plan are getting second passports. these are the countries they're choosing. by katie balevic.