An increasing number of wealthy Americans are planning to leave the country ahead of Tuesday’s election, citing concerns over potential political and social unrest, regardless of the outcome, according to immigration lawyers.
Wealth advisors report a significant rise in demand for second passports and long-term residency options abroad. Although the idea of relocating after an election is not new, many clients are now taking definitive actions to follow through, signaling a shift in trends.
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Dominic Volek, head of private clients at Henley & Partners, a global migration firm, noted that demand has reached unprecedented levels. For the first time, Americans make up 20% of their clientele, surpassing all other nationalities, with a 30% increase in relocation plans compared to last year.
A survey by Arton Capital revealed that 53% of U.S. millionaires are more inclined to move abroad after the election, with younger millionaires, particularly those aged 18 to 29, showing strong interest in investment-based residency programs like “golden visas.”
