The growing globalisation we’ve seen in recent times means it’s more common than ever for people to hold dual citizenship, with tens of millions people worldwide doing so.
Traditionally, the only way to acquire a second passport was through ancestral ties, naturalisation and/or marriage, but the explosion 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 passports are created equal, and some are better investments than others. So, with individuals having an almost carte blanche choice when it comes to obtaining a second passport, which ones should they be looking at?
Some of the main benefits of dual citizenship are listed below. The more of these a country offers, the better its passport is.
Dual citizenship can often be obtained as a family and passed down to one’s descendants.
A second passport offers the chance to live somewhere with superior healthcare and education systems to one’s home country.
Dual citizenship can be a path to life in a nation of natural beauty and clean living.
A second passport lets people live in more compassionate and welcoming countries.
Dual citizenship gives people the chance to live in nations where civil liberties are protected and socio-economic and political stability has been achieved.
A second passport can open the doors to an array of economic opportunities in a more economically successful country.
Holding a single passport can curtail an individual’s ability to travel around the world. For instance, certain nations do not permit entry to citizens of a particular country. A second passport gives a person the opportunity to circumvent such barriers.
Among the best second passports in the world to hold are:
The world’s strongest passport is officially Japan’s, as it access to 193 nations overall. 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.
Just behind Japan is its Asian counterpart Singapore, which enables holders to travel to 192 nations. Again though, the country doesn’t have a citizenship by investment scheme, 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.
Another country with an extremely strong passport is Austria, which travel to just under 190 countries overall. In addition to this, the nation’s economy is among the top 15 in the world, providing great opportunities for citizens, while Austria 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 passport among the most expensive to buy.
A Maltese passport lets you travel to over 180 countries (including the whole Schengen Area as an EU member state). It also 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 passport without any pre-existing links to Malta either.
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 passport for only $100,000, which crucially gives them possibility of travel to over 160 countries in the process.
St Kitts and Nevis is another Caribbean country bursting with beauty, making it another perfect place to obtain a second passport. As well as its natural charms, public healthcare and education, and growing economy, the nation’s passport also offers travel to more than 150 countries. You can get a St Kitts and Nevis passport today through its citizenship by investment programme which has a minimum outlay of $150,000.
The next passport on the list lets holders enjoy travel to 145 countries and live in the Caribbean paradise of St Lucia. Again, the lifestyle benefits of living here make having a St Lucian passport 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 a passport from the country for only $100,000.
Quite literally known as “The Nature Island”, Dominica is world-renowned for its immense natural beauty, which its passport obviously gives you access to whenever you like. From the country’s wondrous waterfalls and stunning sandy beaches, to its scintillating springs and ravishing rainforests, the island certainly lives up to its nickname. You can obtain a Dominican passport for just $100,000 via the nation’s citizenship by investment programme, which also gives you travel options to over 140 countries and access to the island’s growing economy.
With access to over 140 countries, Grenada’s passport is another one that’s incredibly strong, especially considering the nation’s diverse economy, stable political system and welcoming community. Securing a Grenada passport through its citizenship by investment programme is also affordable in comparison to most other programmes, setting you back only $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.