Second Citizenship and Second Passport: The real benefits
What are the real benefits of having second citizenship and second passport? Perhaps you’re a wealthy entrepreneur, a top businessman or simply want to see more of the world, well having a second passport could help in many aspects of your life.
In short below are the real benefits of having second citizenship and second passport:
- Visa-free travelling to major locations
- A wealth of Business and Investment Opportunities
- Greater Tax Benefits
- Escaping political and economic instabilities
- Increased business reach
- Improved lifestyle
Having a second passport removes various obstacles when doing business, deciding whether to live in another country or travelling with your family for a holiday. It allows you to travel to most countries, into different markets with ease and helps expand your international business goals and those nations will treat you like one of their own.
Citizenship: Countries that offer low taxation
It’s a fact that living in a country that dishes out skyrocket taxation on wealthy individuals and their businesses can prove to be very hard. This is a major reason why most HNW (high net worth) individuals decide to purchase second citizenship and second passport and move all their assets to a different country with low tax rates.
Countries that offer low tax rates are:
- Czech Republic
HNW individuals have in mind the secure future of their family, their business and ultimately their legacy. Having high tax rates does not help this one bit.
Choosing your second passport from an EU country
Anyone wanting citizenship in an EU country has more options today than ever before, depending on the time and money they have.
So you may wonder where to get your second passport from and reap the benefits. Well, the list is great but we can stick to the best places in Europe to purchase a secondary passport.
- United Kingdom
Most second passports can be purchased by investing in a business or property of the country you’re interested in establishing yourself under. In other cases, you may need to qualify for citizenship by showing that nation or country that you meet its income requirements.