Wealthy Americans invest in foreign passports, US visa loses lustre

There is a must-have travel accessory that wealthy Americans are buying this year: foreign citizenship.

A financial advisory firm specialising in “global citizenship” has been inundated by requests from US clients looking to “invest” in a foreign passport, reported The Washington Post.

The Toronto-based firm Arton Capital says that there has been a 30-40 per cent increase on last year in clients looking to obtain “a second citizenship and passport by investing in the economy of the host country.”

With severe outbreaks of coronavirus closing international borders to travellers from the US, it would appear a second passport has become the final refuge of wealthy Americans.

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