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The best second citizenship for businessmen is one of the most important things any trader should look out for. With citizenship by investment, the investor benefits 3 times.
First, he gets a second passport. Secondly, investing a refundable amount to obtain citizenship. Third: The new nationality opens new horizons for him to develop and open commercial projects.
In this blog, I will explain to you everything related to citizenship and residency through investment for businessmen. What are the smartest ways to invest and benefit from a second passport at the same time.
As a merchant, you always face the problems of applying for a visa to enter a particular country by standing in long lines while waiting for the application. Then wait with the fear of rejection which is usually 50% 50%.
These problems can be an obstacle between businessmen and their business, especially if some emergency deals and sudden meetings require quick decisions. The best solution to these problems is a second passport.
A second passport or second citizenship is the passport that enables an individual to obtain a second passport and citizenship, by investing some amounts in some programs.
Through it, the individual got many benefits such as political, financial, social and economic stability of the country, comfortable tax systems and strong health and education systems.
Most countries that offer citizenship by investment accept dual citizenship. Beside most of the wealthy and successful businessmen own businesses outside their home country. This is why people are paying to get a second passport to make this task easier.
Most countries are highly dependent on foreign investments, because these investments can greatly increase the stability and economic status of any country.
In light of this, many countries have sought to attract foreign capital, companies and foreign investors by facilitating and encouraging investments and offering tax benefits and exemptions. One such program is citizenship by investment and residency by investment.
One of the important things that entrepreneurs look for when choosing a place to establish and develop a business is the ease of commercial registration, operating under acceptable tax systems, and establishing a company with non-exorbitant operating costs.
The beautiful thing about investing through citizenship is not only the ability to invest in the country from which you obtained citizenship, but it goes beyond that by opening new doors. Because most of these citizenship programs allow you to enter at least more than 130 countries without obtaining a visa.
Most of these countries have heavy trade weight, such as China, all Schengen countries, Britain, Singapore, Brazil, Singapore, Hong Kong and Russia.
The option to transfer money and property to another country in the event of political or economic unrest in your first country, and the possibility of escape in cases of civil unrest and travel penalties imposed on your home country.
The political and trade situation in the world is unstable. It is possible at any moment to find yourself in the list of countries that are banned from entering a particular country randomly or due to a sudden problem between the two countries. So, when you have dual citizenship, you reduce the possibility of such obstacles by ensuring that the usual work lifestyle continues.
People coming from some countries often face capital restrictions and additional scrutiny due to political issues with the passport they hold. The second passport facilitates transfers, trade licenses, and opening international accounts.
Caribbean countries have one of the lowest tax rates in the world. There are no taxes on business, foreign trade, wealth and gifts. This helps rich people and merchants to manage their property better with citizenship of these countries. Lower tax bills also lead to higher profitability in projects.
The second passport is attached directly to clients. Obtaining a new passport provides a new path to millions of new customers, through the development and expansion of your company in other countries.
Increasing efficiency by calculating the expenses associated with the two countries as commercial expenses
Entry to many countries without a visa. While obtaining an entry visa to commercial cities such as Milan, London and other cities in an easy way benefits merchants.
Even when obtaining visas from other countries that require a visa, the visa process is faster and easier compared to your first citizenship in most cases.
The possibility of opening a new commercial branch and using the second country as a new platform to increase income.
Investing in passports is an investment in itself. Because the investor has the ability to resell the property or shares, he bought to obtain citizenship after several years. Mostly, there will be a great financial return from the resale of these properties in the constantly active European and international markets.
Most countries do not give a foreigner the full rights to run his business compared to a citizen of the country. Such as the possibility of benefiting from currency rates and good interest offers, or obtaining profitable investment properties such as those in Europe without obtaining its citizenship. Herein lies the importance of nationality.
The possibility of opening distinguished international and bank accounts with great investment offers and facilities in transfers and saving money.
The second passport is not only useful for you, but for all members of your family, by adding them with you to obtain a passport that facilitates their future life, with the best universities and excellent health systems.
Countries that offer the best second citizenship for businessmen
It is at the forefront of countries that offer citizenship in exchange for suitable investment for businessmen. Because Dominica has many features that make it one of the best nationalities. Including the possibility of opening companies and bank accounts in more than 140 countries that you can enter without a visa. Because the Dominica passport allows you to enter more than 140 countries, including China, Britain and all Schengen countries.
The second advantage is that Dominica is one of the few countries that can enter China without a visa. The third advantage is that Dominica has the lowest tax rates in the world with zero foreign trade and wealth taxes.
With the Dominican passport, you can add all your family members with suitable investments and time not exceeding 6 months. Since it does not require any obligations from you, you will take the passport while you are in your country without leaving it!
Another beautiful Caribbean country can obtain its citizenship through investing in real estate, purchasing government shares, or through a non-refundable contribution.
Grenada shares a lot in common with Dominica in terms of features, except that Grenada is the only Caribbean country that has a good relationship with America. With a Grenada passport, you can get a US work permit every time for 6 months. This is beneficial for investors who have business relations with America.
Greece is a European country that grants its passport in return for investing in its territory. Where you can get a Greek-European residence permit. With it, you and your family will be able to live and work in all other EU countries.
After 5 years of residence, you can obtain a European passport that enables you to enter more than 170 countries without a visa. Which gives you great flexibility in your business projects in these countries.
Greece is considered one of the most facilitating countries to start a business, and Greece’s strategic location, which connects Europe with Africa and the Middle East, gives it an added advantage.
As with Greece, Turkey is located in a strategic location linking Europe with Asia. With many advantages that can be beneficial to any entrepreneur.
The fertile environment for merchants in Turkey gives you many opportunities inside and outside Turkey, as Turkey is one of the largest economies in the world. With the Turkish passport, you can get an American and British work visa.
We have finished mentioning the countries where you can obtain citizenship in exchange for investment, which can be countries of interest to businessmen. Caribbean countries are the best in this field because they have the same advantages as European countries, but with lower investment requirements and faster response time.
The second passport of the Caribbean countries is within reach due to the ease of obtaining it. Where there is no need for residency, neither before nor after citizenship. You also do not need an interview or exam of any kind. Also, your file will be confidential.
Caribbean countries have a citizenship program in their constitutions, which means that it is legal and not subject to revocation for any reason. Investment prices are reasonable, as you can get a Caribbean passport in 6 months, with an investment starting from $100,000.
Its advantages do not stop here, the family also obtains a passport with the investor so that they can obtain all the educational and health benefits of the country of the new citizenship.
Creating a suitable environment for business formation is very important. It is impossible for any business to succeed in environments that are hostile or unsuitable for investment. This is why it is important to choose a strong economic environment filled with services that will help your business thrive to the fullest.
Also, the conditions that the world went through in 2020 and before that in many crises and even now in light of the Russian war caused the reshaping of business sectors around the world. Employment opportunities and freedom of movement disappeared, which negatively affected the conduct of international and local business.
Also, many aspiring entrepreneurs are trying to enter the global market, but they are having a hard time doing it. This is mainly because the passport he holds is weak, or because there are problems between the person’s country and the countries he is targeting.
If you want to know which program is most suitable for you, depending on your business aspirations and which countries you are targeting as an entrepreneur. Please contact us. We’ll give you quick free advice that will dramatically change the future of your business and your family.
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