A second citizenship may well secure your future and cover you and your family in unforeseen circumstances.
You definitely need a second citizenship and second passport if your present citizenship causes you any of the following problems or if any of the following circumstances apply:
- Your present citizenship limits your investment and entrepreneurship abilities.
- Your present passport could be renounced or cancelled by your Government or its Authorized representatives at any time.
- Tax planning: Your present Government levies excessive taxes on your income, assets and capital worldwide. The citizenship of some of these countries will enable you to benefit from their tax haven status
- Your citizenship makes you a target
- Your government controls or limits your traveling.
- Your current citizenship shows that you are a citizen of a very unpopular state that may prejudice the attitude of others towards you.
- Forces you or your children to serve in the army.
- Hinders or restrict your movement and traveling as you need to get a visa to a large number of countries or countries you frequently travel to or need to travel to.
- Your state is politically unstable.
- You want to change the address of your permanent residency.
- You want to insure your family against unforeseeable circumstances
- You are looking for better opportunities, better prospects and better life for yourself and your children.
Many countries have suspended their programs and other may follow suit.
Size the opportunity while it lasts and apply