Political instability, economic crises and high taxes can desire an
individual to look for some other country for a relaxed tax structure,
stable government and a sound piece of mind. This leads to obtain a
second password of any other nation/ Sovereign state. It doesn't mean
leaving one's own nationality instead getting a second passport has many
benefits and one is eligible for exercising their rights in both States
and also viable to the rules of both States. It provides you more
personal as well as economic freedom and open new paths of investments.
A second passport can be acquired if one or both parents and
grandparents are from some other state. Another way is getting married
to the local citizen of that particular State. Then there is a long and
lengthy period of time to wait for years to apply and acquire
citizenship of other State. However, second passport can by investment
is another option which takes much less time and quite feasible to gain
for many people.
Those people looking to take their businesses internationally and
need a hassle free entry in a second state can get benefit from
acquiring the citizenship of that state by making an investment there.
Many European nations give an option to wealthy investors to tie
relationships with them by obtaining their state citizenship in exchange
for investment. Those investments can be made in private or public
sector depending on the rules of that particular country for whom you
are applying. In return government seek long term relationship,
networking and foreign businesses in their country.
Investments could be of any type either to invest in real estate or
in some countries you can simply make a loan to the Bank of another
country like in Latvia offers you such an option. Cyprus gives a second
passport by investment option by providing the passport within 4 months
of applying and one simply do not need to reside there. The benefits of
such second passport by investment is one can get free entry to EU
states without the implications of visa applying. One can enjoy a better
tax structure in other country. One can easily start new businesses and
open bank accounts for businesses.
To get the better of second passport one should look at following
advantages: enables you to travel freely and can trade with other
countries. It provides investment options for a person who wants to
invest in some business or real estate. One can move to other country
during the time of political or economic instability or war in one's own
country
Following countries are giving the option of second passport by
investment: 1. St. Kitts and Nevis, 2. Dominica, 3. Antigua and Barbuda,
4. Austria, 5. Hong Kong, 6. Singapore, 7. Australia. These are few of
the countries that provide such options of investment and in return
provide citizenship. Every country exercise their own investment laws
and minimum amount to invest in such a relation. One should hire a
proper agent or an agency in that country that deals with the
citizenship and can provide accurate laws related to obtaining this
passport.
