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