Imagine having the freedom to travel, work, live, and enjoy all the world has to offer, unbound by country lines and travel restrictions. This type of freedom doesn’t have to be wishful thinking.
Thousands of individuals globally are taking advantage of a second passport as a means to open up a literal world of opportunities. This is especially useful for those coming from “restricted” countries in the Middle East or where other travel restrictions abound.
Not only can it increase global mobility, but a second passport can also create business opportunities, open you up to an expanded networks of people, and improve your quality of life.
Accordingly, so many professionals, business owners, and travelers are reaching out to companies like Bluemina to explore their options for obtaining a second passport in any one of the top global destinations.
This guide will outline 5 reasons you should invest in a second passport, how to obtain a second passport, and which countries are the easiest to obtain citizenship.
Top Five Reasons to Consider this Investment
Travel Freely without Hinderance
Did you know owning a second passport makes it harder for your home country to place restrictions upon you? Having a second passport grants you access to other countries and allows you to travel Visa-free.
For Example:
- Dominica Passports: allow visa-free travel to over 130 countries
- Antigua and Barbuda Passports: allow visa-free travel to over 140 countries
- Cyprus Passports: allow visa-free travel to over 160 countries
- Malta Passports: allow visa-free travel to over 180 countries
- Saint Kitts and Nevis Passports: allow visa-free travel to over 160 countries
- Saint Lucia Passports: allow visa-free travel to over 120 countries
Imagine opening up a world of possibilities with second citizenships that provide you and your family the ability to travel freely when and where desired. For work or business, the ability to travel visa-free is an important and valued benefit of obtaining a second citizenship in the previously mentioned locations.
Business Opportunities & Reduction of Tax Liability
If you’re an entrepreneur or own a business, making the investment into a country that has a second citizenship program could prove highly beneficial. Doing so will allow you the opportunity to freely conduct business not only in your home country but in other countries as well. It also unlocks a variety of new business connections that you may have otherwise not had access to.
Another key aspect of second citizenship and second passports involves the reduction of tax liabilities. Many countries participating in these programs place an emphasis on tax incentives and privacy in order to attract discerning investors, business and professionals interested in reducing their tax liability while protecting their privacy.
Safety and Security
Having a spare passport may be a literal lifesaver if your home country’s political climate takes an unexpected turn for the worse. Make sure you and your family can easily start a life in a new country (if necessary) without the worry of safety or financial security.
Improved Quality of Life
Being a dual citizen means you can take advantage of your second home country’s healthcare, social services, recreation, and education. Some countries like Portugal have generous programs for its citizens including world-class healthcare and free education.
This is an impressive advantage for those currently residing where healthcare or education systems are lacking in quality, affordability or accessibility.
A Gift for Future Generations
Once you gain citizenship in another country, you will be able to pass on your citizenship to your children and possibly grandchildren. This gives you a lot of security in the event of emergencies. You can easily settle in a new country and not have to worry about getting Visas for your family.
How to Obtain a Second Passport
There are several different ways to get a second passport and the good news is it’s not as difficult as you may think.
- Relatives or Ancestry: You may be able to gain citizenship by your family’s bloodline. Some countries allow you to apply for citizenship based on your family ties going back to even grandparents.
- Natural Citizenship: Becoming a natural citizen can take up to 5 years so if you have plans to start a life in another country this may be the best option. Making long-term commitments
- Economic Citizenship: You can obtain citizenship in another country by making an investment like starting a business, investing in a property, or making a payment to the government. This process is much quicker and more robust than the two mentioned above.
Popular Countries Offering Such Programs
Antigua and Barbuda
- $100k-$400k investment
- Asset: Contribution or real estate
- 4-6 months to citizenship
Cyprus
- 2.5M Euro investment
- Asset: Real Estate
- 6 months to citizenship
Dominica
- $100k-$200k investment
- Asset: Contribution or real estate
- 4-6 months to citizenship
Greece
- 250k Euro investment
- Assets: Real Estate
- 7 years to citizenship
Grenada
- $150k-$350k investment
- Assets: contribution or real estate
- 4-6 months to citizenship
Malta
- 1.2M Euro investment
- Assets: Real estate, government bonds, and contribution
- 6-8 months to citizenship
Portugal
- 350k-500k Euro investment
- Asset: Real Estate
- 6 years to citizenship
Saint Lucia
- $100k-300k investment
- Asset: Contribution or real estate
- 4-6 months to citizenship
Saint Kitts and Nevis
- $150k (contribution), $200-400k (real estate)
- Asset: Contribution or real estate
- 4-6 months to citizenship
Closing Thoughts
For many individuals and entrepreneurs who looking to become global citizens, a second passport is a very worthwhile investment. They can open up the doors for new and interesting opportunities in travel, business, and life.
If you’re contemplating participation in one of these programs, there are a number of companies such as Bluemina who specialize in facilitating the process.