Why record numbers of Americans are considering dual citizenship
By Yahoo Finance
Key Concepts
- Ancestry-Based Citizenship: Obtaining citizenship through demonstrating lineage to citizens of another country. Considered a cost-effective and permanent mobility option.
- Dual Citizenship: Holding citizenship in two or more countries simultaneously.
- Mobility Portfolio: Diversifying residency and citizenship options for increased global freedom and security.
- Shengen Area: A zone of 29 European countries allowing for passport-free movement.
- LGBTQ+ Migration: Increased movement of LGBTQ+ individuals from the US due to perceived threats to rights and safety.
- Migration Intent: The expressed desire or plan to move to another country.
- Fiscal Specialist/Tax Specialist: An expert in international tax implications of relocation and dual citizenship.
Increased LGBTQ+ Migration and the Rise of Ancestry-Based Citizenship
The conversation centers around a noticeable increase in Americans, particularly within the LGBTQ+ community, exploring options to live and invest abroad. While quantifying the exact numbers is difficult, Daniel Ads, founder of citizenship. Start Brazil and Lux citizenship, reports a significant surge in inquiries, with a 30% increase overall and a rise from 9% to 12.5% of inquiries specifically identifying as LGBTQ+ seeking information. He emphasizes that while millions haven’t yet moved, “hundreds of thousands of people” are taking initial steps, acknowledging a multi-year process for many. He notes a shift in the intensity and emotion driving these decisions.
Data on American Migration & Ancestry Citizenship
Ads cites Gallup polls indicating an “explosive increase” in migration intent from the United States, beginning around 2023 and accelerating in 2024. Specifically, he highlights Luxembourg as a popular destination, with 1,200 Americans gaining citizenship in the last three months of 2023 alone – a figure comparable to dual citizenship applications in the UK. Lux Citizenship, his company, has assisted approximately 3,000 Americans in obtaining Luxembourgish citizenship out of an estimated 20,000 total. He estimates that between 20-45 million Americans potentially qualify for ancestry-based citizenship programs across 22 European countries and beyond.
The Shift in Motivation: From Roots to Urgent Exit
Ads details a distinct change in the messaging accompanying inquiries. Prior to 15 days before the 2024 election, inquiries focused on reconnecting with heritage and having a “plan B.” However, post-election, the dominant theme shifted to a feeling of alienation from American values and a desire for immediate departure. He also observed a new segment of inquiries – approximately 10% – expressing concerns about the affordability of living in the US and seeking more favorable socio-economic models elsewhere. As he stated, “the values that I hold I no longer see represented in the country I grew up in and I am trying to leave as soon as possible.”
Strategic Visa & Citizenship Pathways
Ads explains a common strategy of obtaining a visa in one European country to facilitate residence in another, leveraging the benefits of the Schengen Area (over 30 countries with free movement). He emphasizes that ancestry-based citizenship is often the “best, least expensive, and most permanent option” for expanding one’s mobility portfolio. He highlights the ease of establishing residency in countries like Portugal with an EU passport, comparing it to moving between US states. He also notes growing interest in African residency programs, such as Ghana’s “Year of Return,” as alternative pathways.
Changing European Policies & the Importance of Timeliness
The discussion acknowledges a recent trend of European countries tightening or ending ancestry-based citizenship programs. Countries like Italy, France, Portugal, and Spain have implemented stricter criteria or eliminated specific programs. Ads stresses the importance of acting quickly, noting that these policies are “time-limited.” He promotes his company’s AI-powered eligibility assessment tool as a resource for identifying potential pathways. He recommends utilizing resources like ancestry.com and familysearch.org to research family history.
Wealth Migration & Economic Implications
The conversation touches on a recent study indicating that 33% of US millionaires are considering leaving the country. While Ads’ direct experience doesn’t focus on high-net-worth individuals, he acknowledges the potential for a “brain drain” – the emigration of skilled professionals and intellectual capital – and anticipates long-term economic implications, though the full extent remains to be seen.
The Role of Tax Expertise
Ads strongly advises anyone considering international relocation to consult with a “fiscal specialist” or international tax advisor to understand the complex tax implications of dual citizenship and residency. He emphasizes that each country has unique tax rules and agreements with the US.
Logical Connections
The conversation flows logically from observing increased inquiries from the LGBTQ+ community to analyzing broader trends in American migration. It then delves into the specifics of ancestry-based citizenship, the changing political landscape influencing these decisions, and the strategic pathways available. The discussion concludes with a cautionary note about tightening European policies and the importance of professional tax advice.
Synthesis/Conclusion
The interview reveals a growing trend of Americans seeking alternative residency and citizenship options, driven by a combination of political concerns, economic anxieties, and a desire for increased global mobility. Ancestry-based citizenship is presented as a particularly attractive pathway, but the window of opportunity may be closing as European countries reassess their policies. Proactive research, strategic planning, and expert advice are crucial for individuals considering this option. The increasing interest in diversifying one’s “mobility portfolio” suggests a fundamental shift in how Americans view their relationship with the world and their place within it.
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