America’s Tech Moguls Acquiring More Visas, Citizenships
Source: Naomi Buchanan (Investopedia)
As reported in an article written by Naomi Buchanan (Investopedia), OpenAI co-founder and CEO Sam Altman last week became the first recipient of Indonesia’s “golden visa,” joining other wealthy American tech moguls in paying to upgrade his immigration status in other countries.
But it’s not just the ultra-wealthy taking the opportunity to purchase a passport or visa. Golden visas can vary greatly in terms of cost but more accessible options do exist in parts of the EU, including Malta, Greece and Portugal. Of course, as well covered by us recently, options to qualify for the latter are to be significantly curbed in the coming weeks and months.
The article from Investopedia says this of Europe, “The majority of Americans seeking a second citizenship said they were attracted to opportunities in Europe in a Get Golden Visa Research Team survey examining Americans who are looking for a second residency outside the U.S., reporting that 90% rank residency in Europe as their first choice.”
According to Ezzedeen Soleiman, a managing partner at Latitude Consultancy, a private global citizenship and residency planning firm, clients often “seek a contingency plan or insurance policy in case of future travel, business, or lifestyle restrictions, similar to those experienced during the pandemic.”
Soleiman, who specializes in the golden passport market in North America, says that most of his American clients are interested in the European Union, where a second citizenship from an EU country can also provide access to other EU member states. He noted that Portugal’s Golden Visa is a highly sought-after residency program among his clients, as well as Malta’s Exceptional Investor Program.
Read the full article here:
