For many people around the world, getting a second citizenship is essential for the livelihood of their families and or businesses. For others it's a matter of social status. In this Blog post I will explore your options for the fastest and surest way to obtain a second citizenship in a country that will allow you to travel freely across the world and act as a safe haven for you and your family in the future.
Why a second citizenship?
Today the world has become a small village. As a result of globalization, more and more people are becoming mobile and are required to travel to different places around the world to conduct business. Many people are unprivileged because they are citizens of third world countries, where their passports require complicated visa applications to travel abroad or do not have a citizenship in the first place.
There is a third kind of people interested in obtaining dual citizenship, the elite. This segment of the population spends money on obtaining a citizenship by investment for social status, just like spending money on a yacht or a luxurious car.
A recent study suggests that over 87% of people like to get a second citizenship, while more than 34% actually looked into obtaining one. Oddly enough, 500 people of those surveyed were from the UK. 11% of the UK individuals surveyed said they already owned a second citizenship and, strikingly 89% said they would like to have one! This survey is an eye-opener and suggests that not only citizens of the third world countries are seeking a second citizenship.
What are my options for a second citizenship?
Unless you were born in a country that grants citizenship by birth even if your parents were from a different country, like USA or Canada, applying for a second citizenship is complicated and time consuming. Take USA or Canada for example, some of the requirements such as having to live in the country as a resident for 3-5 years is unmanageable for many people.
Many people have their lives and businesses already established where they live now, but need a second citizenship to travel internationally or even to find a great place to retire. Some people live in areas where turmoil in the future is a big possibility and in worst case scenarios they will be unable to leave to a safe haven without that dual citizenship.
For those who are unable to relocate in order to meet residency requirements to obtain citizenship, there is a great solution for them; Citizenship By Investment.
What is Citizenship By Investment?
Some countries have immigration programs that allow foreign investors to invest a certain amount of money in real estate or a government approved fund for a set period of time and in exchange offer these investors the right to become citizens. In some cases the investors do not even have to set foot in these countries. The beauty of some of these Citizenship By Investment programs is the flexibility and the rapidness in which the investor can become a citizen. I work with programs that will get the investor his dual citizenship in a time frame of 4-6 months!
In this guide, I will explore diff Citizenship By Investment programs in few countries:
Maldives:
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Antigua & Barbuda
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Bulgaria
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Dominica
Cyprus
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Malta
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