Second citizenship's impact on Saudi residents

The solution is residency and citizenship by investment

After all the circumstances that residents of Saudi Arabia go through, they face 3 options. The first is to stay in Saudi Arabia and adapt to the situation in light of the increasing difficulty of establishing a business. The second is to return to the motherland and somehow endure the conditions that most countries go through.

But the third method may be the way out of the bottleneck and began to form global business partnerships by sharing it with the rest of the family so that they can benefit from all the benefits together.

This method is called Citizenship by Investment, Golden Visa Program, European Residency by Investment, or Second Citizenship and Passport Programs.

This means investing in some European or other countries with a strong passport, and then you can get their passports for your investment.

Benefits accruing to individuals residing in the Saudi in the event of obtaining a second citizenship

The second citizenship provides many advantages such as freedom of movement, an alternative plan, a good tax system, good education, and health programs, in addition to the possibility of establishing international companies.

Many people go to Saudi Arabia in the hope of progress and living in a safe environment. Yes, the Kingdom may be a solution at first, but not permanently. The most important things that a resident seeks in all countries, such as obtaining permanent residency or opening companies abroad, are denied, not to mention that residency is not the same as obtaining citizenship.

Unlike second passports, which give a security guarantee to the investor and his family. On the issue of guarantee, it should be noted that Caribbean nationalities, for example, are reliable and irrevocable for life, and you are treated as a first-class citizen for life.

Citizenship programs were obscure in the past. Today, awareness of these programs is very high. Every day, many residents of Saudi Arabia and citizens of the Middle East obtain Caribbean passports and European residency.

The ease of transferring money between countries is another feature that everyone should have, but unfortunately many Middle Eastern countries lack this feature. This limits the ability of investors to flexibly accumulate and transfer wealth. But with the help of the second citizenship, this dilemma will be solved.

Several citizens of the Middle East are looking for international passports, but in a legitimate way. The good news is that there are many investment avenues to suit what they are looking for.

For instance, there is a type of investment in interest-free instruments or bonds, and the latter is a way to obtain a stake in a project in a legal way.

Saudi citizens to obtain a second citizenship

Let’s talk about the Saudi citizens themselves. They are trying hard to get European citizenship and residency programs by investment.

The questioner may ask how Saudis can obtain a second passport when the Saudi government does not accept dual citizenship. Saudis can obtain a second passport and citizenship without revoking citizenship in some ways.

The first is that Some individuals can submit a request to the government, and it may come with approval for their possession of a second nationality, which has started since 2015. Before that, it was difficult to obtain a second nationality for fear that opponents would use it as shields against its policies. One example of dual citizenship holders in Saudi Arabia is Saudi prince and investor Walid bin Talal, who holds both Saudi and Lebanese citizenship.

As for the Egyptian citizens, they are the second largest Arab community residing in the Kingdom of Saudi Arabia after the Yemenis. Its citizens can also obtain dual citizenship, provided that the approval of the government is obtained, and the government, in turn, excludes such persons from performing military service.

What is the impact of the second citizenship on the Saudis?

The benefits of obtaining a second citizenship are many, starting with the possibility of entering 150 countries without a visa, especially Britain, China, Canada, Britain, all Schengen countries and America.

Another feature of the Caribbean countries that Saudis or residents cannot find in the Kingdom’s lands is the distinctive tropical atmosphere and picturesque nature that combines deserted beaches and rainforests, in addition to the fact that these countries speak English as their first language and belong to the British Commonwealth, and therefore it is easy to communicate with them.

Another advantage that comes with Caribbean citizenship is the possibility of opening international offshore financial accounts. Thus, the possibility of keeping, managing and transferring property in the best tax systems in the world.

Best second citizenship programs

European nationality

Yes, Malta used to be a good choice for Middle Eastern nationals with its fast-track European citizenship program compared to its peers, but the program has been closed for the time being. Instead, it recently introduced a permanent residency program.

There are other programs in Europe, specifically Spain, that offer European residency through the investment program, or the so-called golden visa, through which the investor will enjoy residency throughout Europe.

To obtain permanent European residency, the individual must invest in real estate in Spain in the amount of 500 thousand euros, and when residing for a period and not selling the property, the investor will be able to obtain Spanish citizenship.

The Golden Visa program comes with its benefits, which include residency across Europe and access to a first-class health and education system. Everyone knows the Saudis’ love for Spanish culture and language, and this was shown in the famous Spanish series (La Casa de Papel).

Saint Lucia

Most businessmen with assets and companies in Saudi Arabia or other countries would like to obtain a second citizenship, but they do not have sufficient time for residency or language preparations, which are required by most citizenship by investment programs.

The cool thing is that Saint Lucia, for example, does not require residency or attendance at an interview for citizenship, without any language requirements, certifications or experience requirements. You can obtain citizenship and passport through us without leaving the Kingdom of Saudi Arabia and without changing your lifestyle or workflow.

Saint Lucia citizenship is strong and has most of the benefits offered by other Caribbean countries. To obtain Saint Lucia citizenship, the investor must invest $240,000 in real estate and the possibility of reselling the property after 7 years.

The time to obtain Caribbean citizenship is also generally fast. You can add your family to the citizenship file and obtain citizenship for everyone within 6 months.

Saint Kitts and Nevis

The issues plaguing some countries are greater than freedom of movement and self-satisfaction. There are many nationalities who are looking for a second citizenship just to grantee a secure life, start businesses in a balanced environment, and secure family-friendly education and health.

It is true that Saudi Arabia has a good tax system and the situation is fairly stable compared to other countries, but the alternative plan and freedom of movement are what all nationalities the size of Saudi Arabia are looking for.

So alternative options like St. Kitts and Nevis, for example, is a Caribbean country that grants visa-free entry to all of the countries mentioned plus China, Singapore, and Hong Kong. The reason is due to the power of the St. Kitts Passport with which you can enter 150 countries without a visa.

In addition to entering countries without a visa, St. Kitts has countless advantages, such as setting up businesses around the world and accessing excellent education systems from prestigious universities.

To obtain the citizenship of St. Kitts, Saudi residents and its citizens must invest starting from 250,000 US dollars or 400,000 Saudi riyals only. You can contact us to explain more about these programs and what we can offer you based on your nationality. Global Citizen Consultants is the official government agent for Caribbean citizenship through investment programs and has close relations with these governments and has extensive experience in dealing with citizenship files. Call now for a free consultation from one of our experts.