The American Dream is evolving, and for many wealthy Americans, that dream now lies beyond U.S. borders. In 2023, a record number of US citizens leaving the US made headlines, with high-net-worth individuals leading the charge. This isn’t just a temporary trend – it’s becoming a movement dubbed “The Great Escape.”
A Growing Exodus: By the Numbers
The statistics tell a compelling story. More American citizens living abroad than ever before are choosing to make their lives overseas, with a notable surge among those with investable assets exceeding $1 million. But why are wealthy Americans increasingly looking beyond their homeland?
53% of American millionaires are contemplating leaving the United States, regardless of the election results. More strikingly, this figure rises to 64% among millennials and Gen-Z millionaires (ages 18-29), who express a strong interest in securing golden visas abroad.
The Push Factors: Why the Wealthy Are Leaving
Tax Considerations
For high-net-worth individuals, taxes for expats have become a crucial consideration and think that it is now the time to leave america. While the U.S. maintains citizenship-based taxation, meaning American citizens must file returns regardless of where they live, strategic relocation can offer significant advantages. Through programs like the Foreign Earned Income Exclusion (FEIE) and various tax treaties, Americans living abroad can often optimize their tax situation substantially.
Quality of Life Enhancements
Beyond financial considerations, wealthy Americans are discovering that life abroad often offers:
- Enhanced personal security
- Superior healthcare at fraction of U.S. costs
- Better work-life balance
- More family time
- Cultural enrichment opportunities
- Stronger sense of community
The New American Havens: Where Are They Going?
Caribbean Citizenship Programs

The Caribbean has emerged as a premier destination for wealthy Americans seeking both tax advantages and lifestyle benefits. Several islands offer attractive citizenship-by-investment programs:
St. Kitts and Nevis: The Platinum Standard
St. Kitts & Nevis, a twin-island nation in the Caribbean, is not only known for its stunning beaches and lush landscapes but also as an emerging hub for business and investment. With a favorable business environment, strategic location, and a growing digital landscape, this nation offers unique opportunities for entrepreneurs and established businesses alike.
- The world’s longest-running citizenship program
- Investment starting from $250,000 for up to 4 family members
- Visa-free travel to over 150 countries
- Processing time – 6-10 months
Grenada: The Gateway to Global Business
Grenada, often referred to as the “Spice Island,” is a picturesque Caribbean nation known for its stunning landscapes, rich culture, and vibrant economy. Beyond its natural beauty, Grenada offers a welcoming environment for businesses and investors. With a diverse economy supported by tourism, agriculture, and emerging sectors like technology and wellness, Grenada is becoming an attractive destination for entrepreneurs looking to expand their operations in the Caribbean.
- Unique visa-free access to China
- E-2 Visa Treaty with the United States
- Investment options from $235,000 for up to 4 family members
- Strong education system with American university campus
Antigua and Barbuda: The Family-Friendly Option
Antigua and Barbuda, a stunning twin-island nation in the Caribbean, is renowned for its pristine beaches, vibrant culture, and rich history. Beyond its natural allure, Antigua and Barbuda is rapidly emerging as a prime destination for business and investment. With a favorable economic climate, diverse opportunities in various sectors, and an investor-friendly government, this Caribbean paradise offers a wealth of possibilities for entrepreneurs, Ideal for families seeking Caribbean lifestyle.
- National Development Fund: From $230,000 for up to 4 family members
- Real Estate Investment: From $300,000
- Business Investment: From $1.5 million for a sole investor
- Most affordable family program in the Caribbean
- Visa-free access to 150+ countries
- Minimal physical presence (5 days in 5 years)
- Excellent international schools
- World-class beaches and resorts
- Tax-friendly environment
Interesting to read : Crypto Investors: Unlocking Antigua and Barbuda Citizenship by Investment Opportunities
St. Lucia: The Innovative Investment Route
St. Lucia, a breathtaking island in the Eastern Caribbean, is celebrated for its stunning natural beauty, vibrant culture, and rich history. Beyond its picturesque landscapes, St. Lucia is increasingly recognized as a promising destination for business and investment. With a diverse economy supported by tourism, agriculture, and burgeoning sectors like information technology and renewable energy, St. Lucia is Perfect for business-minded entrepreneurs and investors:
- National Economic Fund: From $240,000 for an applicant with up to 3 dependents.
- Government Bonds: From $300,000
- No physical residency requirements
- Fast processing times ( 4-8 months)
- High-quality due diligence process
- Strong investment opportunities
Dominica: The Nature Isle Option
Dominica, known as the “Nature Island” of the Caribbean, is celebrated for its lush landscapes, vibrant culture, and commitment to sustainability. Beyond its breathtaking scenery, Dominica is emerging as a promising hub for business and investment. With a diverse economy supported by tourism, agriculture, renewable energy, and information technology, Dominica offers numerous opportunities for entrepreneurs and investors.
- Economic Diversification Fund: From $200,000
- Real Estate Investment: From $200,000
- One of the most affordable programs globally
- Processing time of 6-8 months
- Visa-free travel to 140+ countries
- Full family inclusion
- Beautiful ecological environment
- Strong real estate appreciation potential
European Golden Visas

Europe continues to attract wealthy Americans with its combination of history, culture, and investment opportunities.
EU Residency via a Qualifying Investment. Portugal, a beautiful country located in the Iberian Peninsula, is known for its rich history, stunning landscapes, and vibrant culture. In recent years, it has also emerged as a prime destination for business and investment. With a stable economy, a favorable business environment, and a growing technology sector, Portugal offers numerous opportunities for entrepreneurs and investors looking to expand their operations in Europe.
- One of Europe’s most popular programs
- EUR 500,000 into qualifying investment funds
- Path to EU citizenship after 5 years
- High quality of life and healthcare
- English widely spoken
Read Also : Portuguese Golden Visa Program: New Benefits Explained for 2025
Spain: EU Residency with a Strategic Investment
Spain, a vibrant country located in Southwestern Europe, is renowned for its rich cultural heritage, stunning landscapes, and dynamic economy. As one of the largest economies in the Eurozone, Spain offers a plethora of opportunities for entrepreneurs and investors alike. With a favorable business climate, diverse sectors, and a strategic location that serves as a gateway to Europe and Africa, Spain is an attractive destination for those looking to establish or expand their business.
By decision of the Spanish government, the Golden Visa program will officially end in April 2025. This marks the end of an era for investors seeking residency through real estate investment. Read more about the termination of the Spanish Golden Visa program.
- Real estate investments from €500,000
- Rich cultural heritage
- Excellent healthcare system
- Strong international schools
- Mediterranean lifestyle
Malta: EU Residency Through Investment in Paradise
Malta, a small archipelago in the Mediterranean Sea, is renowned for its rich history, stunning landscapes, and vibrant culture. In recent years, it has emerged as a prime destination for business and investment, attracting entrepreneurs from around the globe. With a stable economy, favorable tax policies, and a strategic location that serves as a gateway to Europe, Malta offers numerous opportunities for businesses in various sectors.
- Potential Path to Citizenship subject strict to conditions
- Strong banking sector
- English as an official language
- Strategic location in Mediterranean
- High-quality healthcare
Greece: Your Pathway to EU Residency Through Investment
Greece, known for its rich history, stunning landscapes, and vibrant culture, is increasingly recognized as a prime destination for business and investment. With its strategic location at the crossroads of Europe, Asia, and Africa, Greece offers unique opportunities for entrepreneurs and investors looking to tap into European markets.
- Most affordable European Residency option
- Investment from €250,000
- Rich history and culture
- Mediterranean diet and lifestyle
- Growing tech hub
Read Also : Europe Golden Visa Programs: Status Update for 2025
Making the Move: Practical Steps
Legal Considerations
- Maintain U.S. tax compliance
- Understand reporting requirements (FBAR, FATCA)
- Review estate planning documents
- Consider dual citizenship implications Potential path to citizenship under Maltese Citizenship Act, Chapter 188, subject to conditions; citizenship is not guaranteed.
Financial Planning
- Open international bank accounts
- Diversify investment portfolio
- Plan for currency exchange
- Structure investments tax-efficiently
Family Integration
- Research international schools
- Healthcare options
- Language learning resources
- Community integration programs
Success Stories
“Moving to Portugal was the best decision we’ve made. Our quality of life has improved dramatically, and our effective tax rate has decreased significantly. We maintain our U.S. ties but enjoy a European lifestyle.” – Former Silicon Valley executive
“The Caribbean citizenship program gave us options we never knew we had. We now have a beautiful second home in St. Kitts and travel freedoms we couldn’t imagine before.” – Retired business owner from Texas
Taking the First Step
The trend of wealthy Americans seeking opportunities abroad continues to grow. While leaving the US might seem daunting, proper planning and professional guidance can make the transition smooth and rewarding.
Key Benefits Summary:
- Tax optimization opportunities
- Enhanced quality of life
- Global mobility options
- Asset protection
- Healthcare cost reduction
- Investment diversification
Getting Started
- Assess your goals and preferences
- Research destination options
- Consult with tax and immigration experts
- Create a timeline and budget
- Begin the application process
The Future of Global Mobility
As more American citizens living abroad share their success stories, the path becomes clearer for others considering similar moves. The key is understanding that this isn’t about abandoning American citizenship – it’s about expanding horizons and creating more options for yourself and your family.
Next Steps
If you’re considering joining the growing number of wealthy Americans making their lives abroad,
start by:
- Contact our nearest office for a private consultation
- Speak with our experienced citizenship and residency experts
- Begin your journey to global citizenship
Remember, the path to global citizenship starts with a single conversation. Let Harvey Law Group be your trusted partner in securing a more prosperous and globally mobile future for you and your family.