The political climate in the United States, including fears of another Donald Trump presidency, has prompted a sharp increase in interest among Americans in “golden visas” — a pathway to residency or citizenship abroad through substantial investments. Wealthy U.S. citizens are exploring these programs as a “Plan B” rather than a full relocation, with the trend reflecting broader concerns about political and social stability.
Spike in Inquiries
Consultancies specializing in investment migration have reported a dramatic surge in inquiries following the recent election. Henley & Partners, credited with pioneering the golden visa concept in the 1990s, saw a 400% increase in U.S. inquiries the week of the election compared to the previous week. Similarly, Arton Capital reported a fivefold increase in inquiries the day after Trump’s win was announced.
For most, the appeal lies in securing a safety net. “It’s about having options, like an insurance policy,” said Dominic Volek of Henley & Partners. Despite this surge, only a small fraction of Americans plan to permanently relocate; many are simply seeking the security of an alternative residence or citizenship.
Rising Demand Among Affluent Americans
Historically, golden visas have been more popular among elites from countries experiencing greater political or economic instability. However, the U.S. became a growing market during the COVID-19 pandemic when travel restrictions highlighted the advantages of dual citizenship. According to Henley & Partners, U.S. nationals have since become the largest group applying for these programs.
European destinations are particularly attractive, with Portugal leading the way. Its Golden Residence Permit Program offers a relatively affordable entry point at €250,000 ($265,000) for investments in cultural heritage, along with a path to EU citizenship in just five years. Wealthier applicants often opt for programs in Malta or Austria, which provide immediate citizenship at significantly higher costs — upwards of €600,000 ($636,000) in Malta and €3.5 million ($3.7 million) in Austria.
Interest Extends Beyond the Super-Rich
While golden visas cater to the wealthy, middle-class Americans are also exploring ways to leave the country. Social media platforms, YouTube, and Reddit have become hubs for discussions about emigration options. A YouTube video titled “Countries for Americans Who Want to Leave the US” recently amassed over half a million views, while Reddit threads on relocating post-election are buzzing with activity.
Some are driven by fears of discrimination or threats to their rights. Flannery Foster, an American in Spain who assists others with relocation, said she is receiving numerous inquiries from groups like women, Black Americans, and LGBTQ+ individuals. “These people are not your golden visa applicants,” Foster noted, emphasizing their desire to find safety while retaining U.S. citizenship to preserve their voting rights.
An Unprecedented Trend
Immigration consultants are witnessing unprecedented demand. David Lesperance, a veteran in tax and immigration advisory, said he has consulted with three to four Americans daily since the election — an intensity he hasn’t seen in his 34 years of practice.
This wave of interest reflects a growing sentiment among Americans seeking alternative residency options amidst heightened political division, social tensions, and fears about the future. While many are unlikely to leave the U.S. entirely, they are investing in avenues to protect their personal and financial security in uncertain times.
