Citizenship by investment programme is the method of acquiring second citizenship and passport by investing financially in the economy of the host country. Citizenship by investment programmes lawfully award citizenship status quicker than conventional immigration processes and do so without needing investors to put their lives on hold.

There are many causes to invest in a second citizenship, from personal security to increased global versatility. Applications can be accepted in a minimum period of three months, achieving citizenship for life, a legitimate passport, visa-free tour, etc. The EU economic citizenship opens up a world of opportunities to wealthy investors.

Here are some of the most popular reasons why people opt for a second citizenship:

Security
A second passport from a stable developed country can be life-saving in the case of any development of political, economic or social crisis in the host country. Disaster can come at any point, and if the individual has dual citizenship, he/she can leave the country immediately and take refuge in the other one.

Global Mobility
Many passports are quite limiting in their visa-free movement, urging citizens to obtain visas whenever they need to travel overseas. A dual passport can offer individuals from these countries increased global mobility. Becoming a dual citizen discards the need for long-stay visas and inquiring about the purpose of the individual’s trip. It also ensures the right of entry to both countries, which can be particularly needed if one has parents, children or relatives to visit, is a student or involved in trade in either country.

Property Purchase
Another advantage of dual citizenship is the capability to own investments like property in either country. Certain nations regulate land title to citizens only. As a lawful citizen of two states, one would be able to acquire property in either or both countries. If the person frequently moves between the two countries, this might be particularly beneficial since estate ownership might offer a more cost-effective way to live in two places.

Business
New business possibilities open up to dual citizens as they can now do trade in their own country as well as travel abroad more smoothly.

Tax Optimization
Dual citizenship may prove beneficial for tax optimization purposes. For example, some countries only tax income earned from that country and do not subject fund gains to taxes either. It allows investors to maintain their wealth more efficiently and productively.

Quality of Life
Second citizenships can offer a way to world-class health care, education and an enhanced lifestyle. As a twin citizen people can reap the advantages of being involved in the culture of two countries. Some state officials are also attached to dual citizenship and see it as a way to boost the country’s image as a top destination for tourists. Perhaps the best upside is the joy of learning about the history of both countries, a new language and a distinct way of life.

Family
Most citizenship by investment programs are available to the family members of the principal applicant. It means that investors can secure a stable future for their dependents. Second citizenships offer a gateway to world-class health care, education and an improved lifestyle.