"Forget wine in Tuscany or summers in the south of France - wealthy Americans are now chasing second passports in Costa Rica's jungles and Bangkok's buzzing streets."
""Latin America has seen the most dramatic rise," Henderson told Business Insider. "Compared to pre-2020 levels, client engagements tied to the region have roughly doubled. "Uruguay, Panama, and now Argentina are leading the charge," Henderson said, adding that about 10% of Nomad's client work was tied to Latin American programs."
""For our clients, Asia is less about volume and more about positioning in key business and investment markets," Henderson said. Europe, meanwhile, remains a steady choice, accounting for around 20% of its work. But Henderson adds that while Europe's growth has been "steady rather than explosive," much of the excitement has shifted toward emerging markets. Why Americans are looking beyond Europe According to Henderson, the shift is driven by a mix of geopolitical, economic, and lifestyle factors."
Latin America and parts of Asia have emerged as growing destinations for wealthy Americans pursuing second citizenships and residencies. Client engagements tied to Latin America have roughly doubled compared to pre-2020 levels, with Uruguay, Panama, and Argentina particularly prominent. Asia represents a smaller but strategic share of cases (about 3–7%), focused on hubs such as Thailand, Singapore, and Cambodia. Europe remains a steady option at roughly 20% of demand but is losing relative momentum. Key drivers include geopolitical, economic, and lifestyle considerations, alongside tighter tax regimes, stricter immigration rules, and higher investment thresholds in traditional havens.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]