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We often hear beliefs and misconceptions about citizenship and second passport by investment programs, positively or negatively, produced by people with good and bad intentions. Also, general and specific cases do not apply to everyone.
There are many ways to obtain citizenship and a second passport, the most important of which are long-term residence, descent, or through investment. The latter is a program offered by nearly 10 countries in the world at present. We will mention the most important ones and the fact that they have advantages and disadvantages.
In this article, we have tried to collect all the real and updated information while dispelling all the lies and rumors about the Passport by Investment program.
First of all, the term dual nationality is wrong itself because most people usually only have two nationalities, instead it should be called multiple nationalities because there is no limit to the number of nationalities and passports as long as your country does not prevent you from obtaining another nationality.
You may hear about a beautiful country like Thailand with a strong economy, excellent infrastructure and social systems, which is what anyone in the world would dream of. But the Thai passport is not suitable for people because it does not accept dual citizenship.
Some countries may accept a second citizenship, but in cases such as when you have an Australian and American passport, and when you go to America with an Australian passport, you will only be considered a US citizen, and you cannot get help from an Australian consulate in case there is a problem in America. The principle of most, but not all countries that offer dual citizenship is that they do not confiscate your second passport, but at the same time they do not recognize it.
There is a Caribbean country called Saint Lucia that accepts dual citizenship. Saint Lucia does not share your passport with third parties, with the eligibility to change your name on Saint Lucia passport.
The Saint Lucia passport is strong and you can enter many countries with it, with the possibility of benefiting from the social systems of both countries, and resorting to both countries in the event of a problem with you, not to mention that it will work as a backup plan in the event of the political and natural conditions that your country is going through.
Another misconception is that most people think that a second passport is only valid for those with weak passports, but this concept is incorrect. The second passport is important for all nationalities, both weak and strong passports.
Because the second passport helps people to deal with the weak tax programs in their countries in addition to giving them the advantage of diversification and distribution of their investments.
We see that most countries are making citizenship laws more difficult day by day, not to mention indirect laws that limit people’s hopes of obtaining citizenship. Simply residing in a country or obtaining permanent residence does not guarantee a person the nationality and passport of the country in which he resides.
Many citizens try to follow the laws of the countries to obtain their citizenship by residence. But in the end, they will be shocked by the negative reactions of the citizenship units to their application. Claiming that they did not live adequately or did not pay taxes properly during that time.
In addition, they are required to be fluent in the language of the country and to prove ties or relationship with the country, and it is impossible to prove this point if you do not have real relations with the country.
Even upon accepting in a few cases, you have to wait for a long time for the approval to come, and then wait again to complete the citizenship procedures and obtain it.
Obtaining a passport through descent and marriage also requires a long processing time, as well as confirming the situation that your marriage is not for the purpose of citizenship, or that you already have strong evidence of descent from the relevant country.
On the other hand, St. Kitts and Nevis offers reliable citizenship by investing $200,000 in real estate, with the possibility of reselling the property after 7 years.
The good thing is that the Government of Saint Kitts and Nevis takes the processing period literally. You can get a Saint Kitts and Nevis passport by waiting only 5 months and without residing there to obtain a passport.
St. Kitts and Nevis does not require residency, either before or after citizenship, and does not require a language exam, academic certifications, or work experience. St. Kitts citizenship helps you open companies in 150 countries you enter with a St. Kitts passport.
St. Kitts Inheritance, Gift, Inheritance and Foreign Trade Tax-Free Regulations also help you support your property and capital when opening or expanding your business with the help of its passport.
Numerous residencies, lineage and investment methods allow investors to obtain a second passport from reputable countries with strong economies.
Not all passports are good for investors, entrepreneurs, and families. For example, many people think that America has the most powerful passport in the world, which is not true. The most powerful passport in the world is held by Japan, Singapore and Korea, while America ranks 20th in the world. America also imposes a double tax on its citizens on property and trade inside and outside America.
Or there are some countries that offer a European passport but are not within the European Union (Schengen) and this hinders your easy entry into Schengen.
But Grenada, for example, offers you a passport that ranks 33rd in the world, with the ability to enter all Schengen countries, Britain, Canada, China and 140 other countries without a visa, with the possibility of obtaining an American work visa for a period of 10 years.
The benefits of having a Grenada passport are numerous. In addition to the strength of her passport, you can take advantage of the excellent educational opportunities in Britain and America, given that she firstly belongs to the British Commonwealth and secondly has good relations with America.
The second passport is not just a paper used for travel, but educational and health opportunities, and a tool to help families and businessmen, in addition to being an emergency plan.
For instance, the Antigua and Barbuda passport helps you diversify your investment portfolio, in addition to providing educational and health opportunities for family members, because it allows parents, Siblings, sons and spouses to add them with the main investor application file to obtain a second citizenship.
An Antigua and Barbuda passport acts as a second plan for you, your assets and the rest of your family in the event of administrative and political problems, natural disasters and wars in your country. Because Antigua and Barbuda is a safe, beautiful and politically stable country, and it has a tax system that helps wealthy people and businessmen.
Having a second passport does not mean that you have to pay the taxes of two different countries, on the contrary, it reduces your taxes.
Because when investing in a country like Dominica, it means transferring your money and assets to Dominica in order to manage and keep them there in a better way, because Dominica does not impose any tax on wealth, gifts and money transfers, in addition to foreign trade.
Also, when you acquire Dominica citizenship, you don’t automatically have to pay personal taxes there because Dominica does not tax long-term non-residents.
Passports are not treated as commodities that can be easily bought or sold. Rather, it is acquired legally or through marriage, long-term residence, proof of assets, or investment programs.
Gray passports are a kind of real passports that are obtained with the help of corrupt officials, as they do not guarantee renewal or even exit from the country.
Black passports are stolen or lost. It is re-exported or bleached for a second use. This type of passport is used in terrorist operations, spy agencies and the mafia in most cases.
Passports through investment from some countries are legal and do not differ from other passports for citizens of these countries, and no one knows that they were obtained through investment, and at the same time no one has the right to cancel them or take them from you.
For instance, the St. Kitts passport is 100% legal and the citizenship program has been created since the 1980s. The citizenship program in Saint Kitts and Nevis is guaranteed by the Constitution and supported by the Government and cannot be revoked in the event of succession of governments and laws.
At the same time, the countries listed above, such as St. Kitts, Dominica, St. Lucia and others, can apply for citizenship only through the representative offices of these governments. Global Citizen is a government agent for these countries. To find out more about these programs and all their aspects, you can get a free consultation by leaving a message to the contact section.
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