"Surge in Wealthy Americans Seeking Foreign Residency and Citizenship"

A consultancy reports that a record number of wealthy Americans are seeking residence rights abroad or additional citizenships, with Portugal's "golden visa" being the most popular option. This trend is attributed to the desire for an "ultimate insurance policy" against economic and political uncertainties, as well as the opportunity to mitigate political risk, create business opportunities abroad, and reduce taxes. The consultancy anticipates continued strong demand in 2024 as high-net-worth individuals seek to hedge uncertainty.