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Europe is banning 'golden passports' but wealthy Americans still have other options

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Investment migration experts say there are options outside of Europe for for high-net worth individuals looking for a Plan B.
Europe is moving towards banning "golden passports," which are citizenship-by-investment programs that have been criticized for enabling tax evasion and money laundering. Countries like Malta and Cyprus have offered these passports, but the European Commission has pushed for their cessation, with Cyprus already ending its program. This shift leaves Americans seeking alternative residency or citizenship options, with Portugal's golden visa program, which requires a €280,000 investment in real estate, becoming more attractive. Other options include New Zealand's investor visa, requiring a NZ$10 million investment, and Canada's start-up visa, which does not mandate a minimum investment but involves a competitive application process. These alternatives come as the landscape for investment-based citizenship and residency in Europe changes, prompting potential investors to consider their options carefully.

Read the Full Fortune Article at:
[ https://fortune.com/article/europe-banning-golden-passports-americans-options-portugal-malta-new-zealand/ ]