Dual Citizenship
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More Americans seek Caribbean 'golden passports' amid political and economic uncertainty
NBC Newsยท 2025-08-02 03:45
Market Trends & Investment Opportunities - Increasing numbers of Americans are seeking citizenship by investment programs, driven by political and economic uncertainty [1] - Inquiries about golden passports from Americans have surged by 182% in the first quarter of this year compared to the same period last year [3] - American inquiries regarding these programs rose by over 500% between 2019 and 2023 [4] Drivers of Demand - Anxiety over US politics and global wars is a major factor driving Americans to seek alternative citizenship [3] - The programs are viewed as an insurance instrument or hedge against geopolitical risk [4] - Pandemic-related travel restrictions initially boosted interest in these programs [5] Program Details & Economic Impact - Five Caribbean countries offer citizenship by investment for as low as $100,000 [1] - These programs fund infrastructure, education, and disaster preparedness in the host countries [6] - In Grenada, revenue from the citizenship by investment program constituted over 25% of the island's GDP in 2023 [6] Alternative Programs & Proposed US Initiatives - European countries like Portugal and Spain offer long-term visas in exchange for investments, though this practice is controversial [7] - A proposed "gold card" program in the US, requiring a $5 million investment, faces legal hurdles and limited interest [7]