Wealthy Americans increasingly pursue citizenship abroad – CNBC
According to CNBC, immigration experts have indicated that an increasing number of wealthy Americans are considering relocating overseas. Read Full Article at RT.com
TroibNews 
A record number of wealthy Americans are contemplating leaving the United States following the November 5 election, regardless of the outcome, due to concerns about potential political and social instability, as reported by CNBC.
The network noted that immigration lawyers and advisors have seen an unprecedented rise in clients seeking to obtain a second passport or relocate abroad. While discussions about moving to another country often arise during election cycles, many affluent individuals are actively taking steps to make that a reality.
Dominic Volek, head of the private clients group at Henley & Partners, indicated that at least 30% more affluent Americans are planning to exit compared to last year. He shared with CNBC that wealthy Americans now constitute the firm’s most significant client base, making up at least 20% of its business, surpassing clients from other nationalities.
David Lesperance, managing partner of Lesperance and Associates, an international tax and immigration firm, reported a tripling in the number of Americans seeking his guidance on relocating overseas compared to the previous year. Since the onset of the Covid-19 pandemic, an increasing number of well-off Americans have been considering emigration, with the approaching election further fueling their interest. Many are focusing on European countries, particularly Portugal, Malta, Greece, Spain, and Italy, according to Henley & Partners.
An October survey by Arton Capital, which provides advice on immigration programs for the wealthy, revealed that 53% of American millionaires feel more inclined to leave the US following the election, irrespective of who wins. Younger millionaires exhibit the highest interest in relocating, with 64% of those aged 18 to 29 expressing a strong desire to secure golden visas that would permit them to reside in select European nations.
The survey indicated a general fatigue among Americans regarding political divisions at home, as stated by Armand Arton, founder of Arton Capital. “Many are now looking to hedge their bets and secure a ‘plan B’ residence overseas, regardless of the outcome of the election,” he remarked. As the election approaches, polls suggest an increasingly tight race.
In the lead-up to the election, Republican Donald Trump and Democrat Kamala Harris are virtually tied in key battleground states, with polls indicating neither candidate holds a lead greater than two points. In the ‘Blue Wall’ states—comprising Michigan, Pennsylvania, and Wisconsin—the margin is less than one point. A significant potential shift is occurring in Iowa, a state that Trump clinched in both 2016 and 2020; a respected Des Moines Register-Mediacom poll now shows Harris with a three-point lead over Trump, 47% to 44%.
According to data from the University of Florida’s Election Lab, over 75 million ballots have already been cast during early voting.
Rohan Mehta contributed to this report for TROIB News
The network noted that immigration lawyers and advisors have seen an unprecedented rise in clients seeking to obtain a second passport or relocate abroad. While discussions about moving to another country often arise during election cycles, many affluent individuals are actively taking steps to make that a reality.
Dominic Volek, head of the private clients group at Henley & Partners, indicated that at least 30% more affluent Americans are planning to exit compared to last year. He shared with CNBC that wealthy Americans now constitute the firm’s most significant client base, making up at least 20% of its business, surpassing clients from other nationalities.
David Lesperance, managing partner of Lesperance and Associates, an international tax and immigration firm, reported a tripling in the number of Americans seeking his guidance on relocating overseas compared to the previous year. Since the onset of the Covid-19 pandemic, an increasing number of well-off Americans have been considering emigration, with the approaching election further fueling their interest. Many are focusing on European countries, particularly Portugal, Malta, Greece, Spain, and Italy, according to Henley & Partners.
An October survey by Arton Capital, which provides advice on immigration programs for the wealthy, revealed that 53% of American millionaires feel more inclined to leave the US following the election, irrespective of who wins. Younger millionaires exhibit the highest interest in relocating, with 64% of those aged 18 to 29 expressing a strong desire to secure golden visas that would permit them to reside in select European nations.
The survey indicated a general fatigue among Americans regarding political divisions at home, as stated by Armand Arton, founder of Arton Capital. “Many are now looking to hedge their bets and secure a ‘plan B’ residence overseas, regardless of the outcome of the election,” he remarked. As the election approaches, polls suggest an increasingly tight race.
In the lead-up to the election, Republican Donald Trump and Democrat Kamala Harris are virtually tied in key battleground states, with polls indicating neither candidate holds a lead greater than two points. In the ‘Blue Wall’ states—comprising Michigan, Pennsylvania, and Wisconsin—the margin is less than one point. A significant potential shift is occurring in Iowa, a state that Trump clinched in both 2016 and 2020; a respected Des Moines Register-Mediacom poll now shows Harris with a three-point lead over Trump, 47% to 44%.
According to data from the University of Florida’s Election Lab, over 75 million ballots have already been cast during early voting.
Rohan Mehta contributed to this report for TROIB News
