Traditionally, the only way to acquire second citizenship was through ancestral ties, naturalisation and/or marriage, but the boom of citizenship by investment programmes in the last few decades has created a new route to do so. All individuals need to do is make the appropriate investment and pass the necessary background checks, and voila, they’re a dual citizen.
That being said, not all citizenships are created equal, and some are better investments than others. So, with individuals having an almost carte blanche choice when it comes to getting second citizenship, which ones should they be looking at, and why?
Some of the main benefits of dual citizenship are listed below. The more of these a country offers, the better its citizenship is:
• Family reunification: Dual citizenship can often be obtained as a family and passed down to one’s descendants.
• Health and education: A second citizenship offers the chance to live somewhere with superior healthcare and education systems to one’s home country.
• Domestic wellbeing: Dual citizenship can be a path to life in a nation of natural beauty and clean living.
• Sense of community: A second nationality lets people live in more compassionate and welcoming countries.
• Improved personal and professional security: Dual citizenship gives people the chance to live in nations where civil liberties are protected and socio-economic and political stability has been achieved.
• Economic opportunity: A second citizenship can open the doors to an array of economic opportunities in a more economically successful country.
• Global footprint: Holding a single citizenship can curtail an individual’s ability to conduct business on a global scale. With dual nationality, individuals can enjoy access to international business hubs, and it can assist them to grow their business on a global stage.
Among the best second nationalities in the world to hold are:
• Japan: One of the world’s strongest citizenships is officially Japan’s; however, the country doesn’t have a citizenship by investment programme, nor does it recognise dual citizenship, making a Japanese passport extremely difficult to get hold of.
• Singapore: Just behind Japan is its Asian counterpart Singapore; again though, the country doesn’t have a citizenship by investment programme, nor does it recognise dual citizenship. As such, it’s unlikely that you’ll be able to enjoy a Singapore passport without applying for residency first and later renouncing your existing citizenship.
• Austria: Another country with an extremely strong citizenship is Austria and in addition to this, the nation’s economy is among the top 15 in the world, providing great opportunities for citizens, and it is incredibly stable politically and offers universal healthcare. Unfortunately, however, its citizenship by investment programme is priced at €3 million ($3.5 million), making an Austrian citizenship among the most expensive to obtain.
• Malta: A Maltese nationality allows you to live in a beautiful, sunny and politically and economically stable country with free healthcare and education systems. And with the nation’s citizenship by investment programme, you can obtain a Maltese citizenship without any pre-existing links to Malta either.
• St Kitts and Nevis: St Kitts and Nevis is a Caribbean country bursting with beauty, making it another perfect place to obtain second citizenship. As well as its natural charms, public healthcare and education, and growing economy. You can obtain St Kitts and Nevis citizenship today through its citizenship by investment programme which has a minimum outlay of US$150,000.
• Saint Lucia: The next citizenship on the list lets the owners enjoy a life in the Caribbean paradise of Saint Lucia. Again, the lifestyle benefits of living here make having a Saint Lucian citizenship well worth it, with the island’s political stability, low cost of living and favourable business environment all huge pluses too. The country’s citizenship by investment programme is also very affordable, with applicants able to secure citizenship from the country for only US$100,000.
• Dominica: Dominica is world-renowned for its immense natural beauty: from the country’s wondrous waterfalls and stunning sandy beaches to its scintillating springs and ravishing rainforests. You can obtain a Dominican citizenship from US$100,000 via the nation’s citizenship by investment programme, which also gives you a global footprint and access to the island’s growing economy.
• Antigua and Barbuda: This stunning Caribbean country is the perfect second home, boasting year-round sunshine, an idyllic lifestyle, incredibly safe streets and a prosperous economy. It also has one of the most affordable citizenship by investment programmes in the world. Applicants are able to secure an Antigua and Barbuda citizenship from US$100,000, which crucially gives access to a safe and secure nation.
• Grenada: Grenada’s citizenship is another one that’s incredibly strong, especially considering the nation’s diverse economy, stable political system and welcoming community. Securing Grenada citizenship through its citizenship by investment programme is also affordable in comparison to most other programmes, setting you back only US$150,000.
If you would like to learn more about the citizenship or residency by investment programmes we offer solutions for, please don’t hesitate to contact us.