An Introduction to Second Citizenship By Investment for US citizens
What if you could become a citizen of another country?
It’s possible to do this without losing your original citizenship. How, you ask? Through a process called second citizenship by investment.
This process represents an amazing opportunity to broaden your horizons and create a future without limits. Keep reading to learn more about this process and how you can get started today.
What Is Second Citizenship?
We’ve prepared a guide to second citizenship by investment for US citizens. Before we can dive any further, though, it’s important to answer a simple question: what is second citizenship?
As the name implies, second citizenship refers to someone who is a citizen of multiple nations. This is sometimes known as “multiple citizenship,” “dual citizenship,” and “dual nationality.”
When you are a citizen of multiple countries, you can basically enjoy the “best of both worlds.” You have access to all the privileges of each nation, and these privileges include expanded passports that make global travel easier than ever.
While there are multiple ways to achieve second citizenship, our guide focuses on achieving this through investment.
What Is Second Citizenship By Investment?
As you may know, it’s not easy to become a citizen of another country even in the best of times. And health scares and political actions can make it difficult to even travel abroad, much less to become a citizen of a foreign nation.
Second citizenship by investment is a program offered by various countries from all over the world. It allows someone to accelerate their citizenship application and approval in a particular country so long as that person makes a significant investment in the country.
By becoming a citizen of another country, you can access a wealth of benefits and perks that are unavailable with a simple passport. Be careful, though, to not confuse second citizenship by investment with a residency by investment.
At the end of the day, think of second citizenship like an option to protect yourself and your family.
Residency vs Citizenship
When you’re looking into buying second citizenship, it’s important to get your terminology correct. For instance, many people often confuse citizenship by investment and residency by investment.
Residency by investment is sometimes referred to as a “Golden Visa Program.” This allows you to establish long-term residency in a country by making a significant investment.
If you simply want to live in another country for a while, then residency by investment may make a lot of sense. However, this typically does not grant the healthcare, education, and other perks that come through actual citizenship. Someone who obtains residency by investment will need to pursue citizenship by other routes.
Having a “Plan B”
We’ve gone over the particulars of what second citizenship is and some of its core benefits. Beyond those benefits, though, why would anyone take this particular path?
For most US citizens, this boils down to having a “Plan B.” Someone who is worried about instability in America (caused by anything from racial protests to political strife) may want to have a safe and secure country to escape to. Or someone who is expanding their local business to a worldwide venture may wish to take advantage of the visa free travel freedoms offered by second citizenship.
At the end of the day, think of second citizenship like an option to protect yourself and your family. And like any good option, it’s better to have it and not need it than need it and not have it!
Are There Any Downsides?
Let’s be honest: there is no shortage of good reasons to pursue dual citizenship. However, you might be asking yourself if there are any real downsides to this particular program.
The most glaring downside to this is the cost. Depending on where you wish to pursue dual citizenship, you could pay $150,000 – $2,500,000 And if you want a premium location, you may need to add additional costs and/or government donations that push this expense to even further north. That is definitely an amount of money worthy of some serious consideration. However, potential benefits have made that investment worthwhile.
And can you really put a price on having a “Plan B” for you and your family?
An Escape to Better Health
You might be curious about why more and more Americans are seeking out second citizenship. One of the primary reasons concerns healthcare.
The rising cost of healthcare has made it difficult for even affluent Americans to access the level of care they deserve and know is available. With second citizenship, it’s possible to access a world of alternative healthcare that could significantly increases your quality of life.
With second citizenship, you gain visa free travel privileges that are simply unavailable to others. And on top of that, you get the peace of mind that comes from safely escaping any health-related issues that may occur within America itself.
Getting Professional Assistance
As you can imagine, second citizenship by investment involves a lot of complex paperwork.
Fortunately, you don’t have to travel this path alone. With the help of experienced consultants, you can make your citizenship investment and application process as easy and stress-free as possible.
Remember, this is a decision that could affect you and your family for the rest of your lives. And that means you should seek the help of consultants who will provide the service you deserve.
What’s Next For You and Your Family?
Now you know all about second citizenship by investment. But do you know where you can find the specialists to help you get started?
We have been helping our clients obtain citizenship since 2008. To see what we can do for you and your family, contact us in strict privacy today!