Citizenship by investment is a growing method that allows high-net-worth clients to shield their assets from the U.S. government.
Nuri Katz gives his comments on this topic.
In today’s evolving financial landscape, investors are looking to their financial advisers for advice on investment opportunities to help preserve capital — and citizenship by investment is one avenue high-net-worth investors can pursue to achieve these goals.
Citizenship by investment provides investors with a means to leverage investment in real estate, government bonds or other financial instruments to attain a second citizenship in a country that provides financial, tax or other advantages over one’s existing country of residence.
Why would a U.S. citizen seek second citizenship?
One of the reasons many high-net-worth Americans invest in other countries is to diversify their assets. For some, the size of the federal government causes great worry. They become concerned that as the government’s needs grow, lawmakers may go after their assets, making diversification by attaining a second citizenship an important solution. Living and placing assets outside of America makes it more difficult for the government or others to pursue one’s assets through taxes.
Investors can gain peace of mind knowing they have the rights of a citizen in another country where their holdings and income exist.