Inquiries From Wealthy Americans Seeking Overseas Citizenship To Protect Their Assets Have Risen By A Staggering 183% In One Year

Inquiries from wealthy Americans seeking overseas citizenship to protect their assets have risen by a staggering 183% in one year, according to Henley & Partners' USA Wealth Report 2025, released May 20.

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More Than A Knee-Jerk Political Reaction

Reasons to obtain citizenship outside of the U.S. are mostly related to asset management and extend beyond the knee-jerk reaction that led to the first wave of U.S. citizens applying for foreign citizenship in the first three months of this year, the report states. Rather, Basil Mohr-Elzeki, managing partner of Henley & Partners North America, believes the desire to step away from the U.S. is fueled by careful consideration of the rich insuring their wealth against geopolitical instability.

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“We’re witnessing a new level of sophistication in how affluent Americans manage and diversify their wealth,” Mohr-Elzeki said in the report. “Securing alternative residences and citizenships is now a strategic form of risk management—a thoughtful Plan B that enhances family resilience, unlocks global opportunities, and safeguards multigenerational legacies.” 

Prudent Steps To Safeguard Wealth

According to the report data, the wealthiest Americans are not simply inquiring about overseas citizenship but acting on it, too. The report says that around 30% of all investment migration applications submitted through the wealth management firm were by U.S. citizens. 

Professor Peter J. Spiro of Temple University Law School said in the report that, given the current instability in the U.S., including trade, stocks, and tensions with other countries, high-net-worth citizens are taking prudent steps to safeguard their wealth.

“The enduring value of an American passport is now paired with a growing desire for a backup plan,” said Spiro. “Dual citizenship, once a luxury, is becoming the new American dream. In an era of rising uncertainty, many are seeking not just the right to stay, but the right to leave.”

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Highly Incentivized International Citizenship Programs

According to Henley & Partners’ data, most wealthy Americans are looking to park their portfolios in Europe, depending on each country’s residence programs. Greece, Italy, Portugal, and Switzerland all offer highly incentivized citizenship/investment programs. Other countries in the Caribbean and Turkey are attractive because of their low tax rates. A surprising addition to the list is a place many people haven’t heard of — Nauru in Micronesia. 

The tiny South Pacific Island is the third smallest country in the world after the Vatican and Monaco. However, it packs a mighty punch in terms of tax incentives and its gateway citizenship program, which allows visa-free entry to 89 other countries. 

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U.S. Is Home To Over A Third Of The World’s Millionaires

Despite the desire to have overseas options, Henley & Partners reports that most of the world’s wealth is concentrated in the U.S., with over 6 million people able to invest $1 million or more — accounting for 37% of the world’s millionaire population. 

“America is the undisputed world leader when it comes to high-growth tech sectors such as software, microchips, online retail, internet hosting, social media, search engines and AI. As a result of this dominance, many tech entrepreneurs choose to move to the country in order to take their businesses to the next level,” the report says.

Henley & Partners Chief Economist Jean Paul Fabri adds: “The USA remains the world’s best place to create and grow wealth, even if some opt to move elsewhere.”

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