Dual citizenship refers to the status of an individual who holds the nationality of two different countries at the same time.
WHAT ARE THE BENEFITS OF DUAL CITIZENSHIP?
There are many benefits to being a dual citizen, from quality of living to global mobility.
A second passport from a stable country can be lifesaving in the event of any kind of political, economic or social unrest in one’s home country.
Many passports are quite restrictive in their visa-free mobility, forcing citizens to obtain visas whenever they need to travel abroad. A second passport can offer individuals from these countries increased global mobility.
New business opportunities open to dual citizens as they can now do business in the host country as well as travel abroad more freely.
Dual citizenship may prove advantageous for tax optimization purposes. For example, some countries only tax income earned from that country and do not subject capital gains to taxes either. This allows investors to manage their wealth more efficiently and effectively.
Quality of Life
Second citizenships can offer access to world-class health care, education and an improved lifestyle.
ACQUIRE BY INVESTMENT
More and more countries are offering citizenship by investment programs or residency by investment programs to high net worth investors. Citizenship by investment is the process of acquiring a second citizenship by investing in the economy of the host country. Residency by investment programs offer permanent residency after the investment, which again speeds up the time to citizenship.