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	<title>CaribPR Wire &#187; Dual citizenship and Trump</title>
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		<title>Will Trump make owning a second passport even more desirable?</title>
		<link>https://caribpr.com/will-trump-make-owning-a-second-passport-even-more-desirable/</link>
		<comments>https://caribpr.com/will-trump-make-owning-a-second-passport-even-more-desirable/#comments</comments>
		<pubDate>Sat, 12 Nov 2016 00:35:58 +0000</pubDate>
		<dc:creator>caribpr</dc:creator>
				<category><![CDATA[Legal News]]></category>
		<category><![CDATA[Americas election 2016]]></category>
		<category><![CDATA[Arton Capital news]]></category>
		<category><![CDATA[Arton Capital second passport]]></category>
		<category><![CDATA[Donald Trump's presidency]]></category>
		<category><![CDATA[Dual citizenship and Trump]]></category>
		<category><![CDATA[Election 2016]]></category>
		<category><![CDATA[Trump and owning a second passport]]></category>

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		<description><![CDATA[Americans anxious to join the global citizenship movement
MONTREAL, Nov. 11, 2016 /PRNewswire-HISPANIC PR WIRE/ &#8212;  Donald Trump&#8217;s ascent to the White House is by all means historic.  Doubted and disregarded at first, Mr. Trump&#8217;s rhetoric gained momentum  as it resonated with more and more Americans than he ever thought.  Trump&#8217;s presidency [...]]]></description>
			<content:encoded><![CDATA[<p><em>Americans anxious to join the global citizenship movement</em></p>
<p>MONTREAL, Nov. 11, 2016 /PRNewswire-HISPANIC PR WIRE/ &#8212;  Donald Trump&#8217;s ascent to the White House is by all means historic.  Doubted and disregarded at first, Mr. Trump&#8217;s rhetoric gained momentum  as it resonated with more and more Americans than he ever thought.  Trump&#8217;s presidency will inevitably mark a new era. An era of change.</p>
<p>Photo: <a style="COLOR: blue" href="http://photos.prnewswire.com/prnh/20161111/438445" target="_blank">http://photos.prnewswire.com/prnh/20161111/438445</a></p>
<p>As every change creates opportunity, we reflect on the  expected &#8220;Trump effect&#8221; on global citizenship, in particular to the  trend of investing in second residence and citizenship. Over the past  decade, countries who have implemented or restructured programs to  attract wealthy investors have more than doubled, proving its resilience  and sustainability as investment mechanism.</p>
<p>We have already witnessed a sudden spike in enquiries from  American citizens looking for a second citizenship. Being used to surge  in web traffic, especially post Brexit, <a style="COLOR: blue" href="http://www.artoncapital.com/" target="_blank">Arton Capital</a>&#8217;s  website held up quite well. Our web analytics team noted the overlap of  increased traffic and flood of enquiries originating from states where  Hillary Clinton had won with California, New York and Virginia being  among the top sources.</p>
<p><a style="COLOR: blue" href="http://www.artoncapital.com/" target="_blank">Arton Capital</a> expects to see Americans becoming an integral part of the global  citizenship movement. Just like the Brits did after the Brexit  referendum. We are already witnessing an increased demand from these  newly emerged markets of immigrant investors. The British are mostly  looking to secure an option for relocation, due to unclear situation in  the kingdom. Even though it remains to be seen, if Trump will implement  everything he stood for during his campaign, Americans are concerned and  are looking for ways to hedge the downside. Although the Canadian  Immigration and Citizenship website failed to handle the increased  traffic, the liberal Canadian government is making the most of this new  political conjuncture, stating their openness and readiness to welcome  anyone who is interested in relocating to and doing in Canada.</p>
<p>Traditionally, the British Tier 1 program and the American  EB-5 have demonstrated steady and solid demand. However, our team is  already witnessing a significant outflow and redirection towards other  parts of the world who are competing for investors. The European options  are an attractive alternative, where those who would normally look for  Tier 1 are now more interested in countries like <a style="COLOR: blue" href="http://www.artoncapital.com/global-citizen-programs/cyprus/" target="_blank">Cyprus</a> or <a style="COLOR: blue" href="http://www.artoncapital.com/global-citizen-programs/portugal/" target="_blank">Portugal</a>.</p>
<p>The demand of the EB-5 program, whereby investors are granted  a green card after fulfilling investment and job creation requirements,  has also been affected. In less than 24 hours, we saw a number of our  clients putting a hold on their EB-5 applications, looking for  friendlier alternatives. USA may no longer be seen as a safe haven for  entrepreneurs and business tycoons. Still in shock, we expect them to  re-route towards those international English-speaking, business-friendly  and conflict-free hubs like Canada, Singapore or Australia. The  Caribbean is also likely to pick up, thanks to its relative proximity to  the States and the very competitive speed and cost in obtaining a  second citizenship. Antigua and Barbuda, Dominica, Grenada, Saint Lucia  and Saint Kitts and Nevis all run well known <a style="COLOR: blue" href="http://www.artoncapital.com/global-citizen-programs/program-overview/" target="_blank">citizenship by investment programs</a>.</p>
<p>Hollywood names have also spoken but will they act upon?  Snoop Dogg claimed he will resettle to Toronto, Amy Schumer, reportedly  said will move to Spain, Chelsea Handler has reportedly invested in a  property in a different country and Samuel L. Jackson has declared that  he will be moving to South Africa.</p>
<p>What will happen to the US passport? <a style="COLOR: blue" href="https://www.passportindex.org/" target="_blank">Passport Index</a>,  the most popular global ranking of the world&#8217;s passports had seen a  surge in monthly average traffic. Surprisingly, US traffic surge also  included states voted and won by Trump. &#8220;<em>Americans are worried on the Trump effect on their passport,&#8221;</em> shared John Hanafin, CEO of Arton Capital.</p>
<p>As the only real time ranking, the <a style="COLOR: blue" href="https://www.passportindex.org/" target="_blank">Passport Index</a> is prone to reflect some swings in the next two to three years. If US  foreign policy becomes less diplomatic, visa-free agreements may be  frozen or invalidated, which will hurt the passport&#8217;s power. Currently  the <a style="COLOR: blue" href="https://passportindex.org/byRank.php" target="_blank">US passport ranks 4<sup>th</sup></a>, with a visa free score of 155. <em>&#8220;Even though it is too early to say, we will not be surprised if the American passport drops to 6<sup>th</sup> position,&#8221;</em> shared Hanafin. Similarly, in an extreme scenario, if EU imposes visa  restrictions to Brits fowling Brexit, it will send the UK passport on a  downward spiral landing it in the group of Argentina, Romania or even  Israel.</p>
<p>Geographic and demographic landscape of investor immigration  is changing, as a result of major shifts in the political paradigm  governing Europe and the United States. Global citizenship will remain a  solid and reliable solution to the new challenges HNW investors will be  facing. New global centers will emerge where those will be best defined  by the very values and beliefs that have been driving the world in the  post-war era. Global citizenship in a Trump world, more than ever  before, will stand for openness, tolerance, acceptance, inclusion and  progress and will remain as one of the key proponents of the values that  define a democratic society.</p>
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