Why a second passport or residency

 

Not everyone who’s seeking investment migration is looking to abandon their homeland. Fortunately, the world’s programs offer a variety of options. From having a Plan B in your pocket to enabling your access to more affordable healthcare, education, or the free mobility, having a second citizenship or residency rights is becoming more and more popular, even among American citizens.

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FREEDOM OF MOBILITY

 

A country’s passport is considered stronger relative to the more countries one can travel visa-free. This is a particularly important consideration for holders of passports facing great travel restrictions or poor reciprocity. However, in recent months, it’s become also very valuable for those nationals with fairly strong passports but facing restrictions due to COVID-19 . Securing citizenship or residence in an EU country, for example, would open enormous possibilities to citizens otherwise foreclosed from the Schengen borders.

 

HAVING A PLAN B

 

Concerned about climate and political stability, some are drawn to having a readily available alternative amidst socio-economic uncertainties in their home countries. With political systems that can rapidly change, or those countries facing leaders with authoritarian tendencies, a quick, readily available exit strategy is vital.

 

INCREASED EDUCATIONAL POSIBILITIES

 

Usually family members can also be included in a residency or citizenship application. Some students will benefit from higher educational standards relative to their homeland or access to more affordable higher education, while others might want to have the option to study abroad visa-free.

 

EMPLOYMENT AND CAREER OPPORTUNITIES

 

Usually family members can also be included in a residency or citizenship application. Some students will benefit from higher educational standards relative to their homeland or access to more affordable higher education, while others might want to have the option to study abroad visa-free.

 

CHEAPER OR BETTER HEALTHCARE

 

Having access to more affordable or higher-quality healthcare is a factor that many consider an important benefit of some second passports or residency. With standards of care becoming more uniform among developed countries, a second passport or residency can offer access to cutting-edge medical care, perhaps at a fraction of the cost.

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What's Citizenship by Investment

 

Citizenship by investment is the process of obtaining a second passport and second citizenship by investing in the programs of the host country ― usually in the form of real estate investment. Depending on the country, there are specific requirements for the investment one can make, and different benefits associated with the passport you acquire. These countries usually offer favorable tax benefits and opportunities for residency and social benefits also offered to native-born citizens.

 

Some countries only offer the option of residence by investment programs instead, but these can lead to a full citizenship after a certain period of time and by meeting certain conditions.

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What countries to consider

 

A perfect fit would depend on the benefits that you and your family are seeking, the amount of capital you are willing to invest, or how fast you need immigration benefits, among other considerations. Learn about some of the most popular countries for investment immigration below: