Why Should Investors opt For A Dual Citizenship?
Posted On June 3, 2020
With a second passport, you are automatically a recognized citizen by two countries (if not more). It also implies that you are entitled to all the rights offered to citizens in each country. Since your passport is a valuable document for all your travel needs, having two of them can surely offer you significant benefits over having just one. Ideally, individuals who hold a second passport are offered the freedom of traveling to many countries visa-free. Here’s why you should opt for a CBI program such as the St. Kitts and Nevis citizenship scheme.
Right to Own Property
This means you can own property based on local rules and laws when you are a registered resident of two or more countries. In certain cases, countries permit ownership rights only to the country’s residents. It is extremely useful especially to those who spend more time in traveling between the two countries. More often than not, owning a property is more economical as opposed to spending on hotels or other accommodations during extended stays.
Don’t Have to Re-Apply
There are two main principles of legislation governing citizenship. The first is you are a citizen of any country in which you were born. Second, if you happen to have been born abroad, you can apply for citizenship to the country your parents are from. This is a mechanism in place to keep families united because you are not expected to be born as a citizen on national soil.
Better Job Opportunities
Diversity is one of the many factors that certainly creates opportunities in today’s world. Most employers would consider it a benefit, when employees bring in the culture and experience of two different countries. Through this, you have the upper hand in introducing new methods, insights and helping with learning a new language. Certain governments, in fact, even support this, as it helps build the reputation of the country. A majority of investors who have a dual citizenship have revealed to having experience high levels of satisfaction in terms of the opportunities brought forward to them.
Access to All Rights
As a dual citizenship holder, you have access to the benefits and privileges offered by both countries. Confused why it’s of so much importance? Well, it simply means that you have the right to vote, and take advantage of any system that is in place for citizens. Reduced travel restrictions, and not having to apply for a work permit in either country is a boon. Also, as citizens you enjoy the same educational rates that are offered to locals.
Keeps the Economy Afloat
There are several countries globally, that make it possible for potential investors to invest in the economic citizenship. Seven countries in total permit you to obtain citizenship through investment, with three of them providing a strong passport for these potential investors. As a matter of fact, it’s through these schemes that the nation stays afloat and competitive. They also willingly embrace additional investments in the near future.