The latest trend among wealthy American travelers? Buying another country’s citizenship.

For generations, the American passport afforded its holders the privilege of hassle-free travel around much of the world. That has changed with the coronavirus pandemic. While borders are beginning to reopen to international travel, some countries are staying closed to Americans because of the ongoing coronavirus outbreak stateside.

These travel restrictions are producing an emerging trend among some wealthy Americans: buying a second passport.

“This limitation of mobility has made more people aware of the benefits of having more than one passport,” said Armand Arton, the president of financial firm Arton Capital, which specializes in citizenship through investment.. Read more