2nd Passport – 21st century’s Best Plan B for High Networth Individuals

2nd Passport

The 21st century was supposed to be all about frequent travel without any fears and restrictions. But the COVID’19 outbreak literally ruined all the travel plans and home-bound everyone. Apart from travel restrictions, people are concerned about their family’s future in terms of education and healthcare. In addition, Being a citizen of a developing country, getting access to quality & timely healthcare facilities is very difficult. People who have a high net worth are looking for a Plan B. Now, what do you think a Plan B can be? The answer is 2nd Passport of a country with better exposure and quality lifestyle. Also, second citizenship unlocks the opportunity to travel visa-free to 140+ countries.

From 2020 onwards, life has taken a shift and these uncertain times have an impact on everything including businesses. For people who want to expand their business, 2nd passport is a key for them to unlock many business opportunities all around the globe. Moreover, countries that offering second citizenship have a stable economy and better political system that gives maximum rights to their citizens. Also, Most of these countries have a citizen-centric approach and make sure that people feel safe and self-sufficient enough being a citizen.

What are the benefits of having a 2nd passport?

  • There is no residency or travel requirement.
  • Applicants can get citizenship in just 90 days.
  • You can add your whole family as dependents including spouses, children, parents, grandparents, and siblings.
  • Applicants and dependents have permission to live and work around the region.
  • Visa-free travel access to UK, USA, Schengen Region, and Entire Europe.
  • The applicant is allowed to have dual citizenship which means you can get benefits from both passports.
  • Investing in government-approved real estate projects to get a 2nd passport will promise you great returns on your investment.
  • There is a huge relief on taxation on your second passport.
  • Easy access to the world’s best education, healthcare, and overall lifestyle.
  • Moreover, Second citizenship passes on to generation, your one-time investment is a lifetime gift for upcoming generations.

Who is eligible to get a Second Passport?

People usually explore the eligibility factors to get second citizenship for the whole family. However, it is a great opportunity but people are afraid of legal hurdles and the documentation process. Although, there is a common misconception that relocating to a country is a long hectic process. Accordingly, some general requirements are as follows:

  • Applicant must have a high net worth.
  • Applicant must possess excellent health.
  • No specific education requirement.
  • No interview or language test is needed.
  • Applicant & dependents must have no criminal history.
  • Moreover, There is no need to stay in the country to complete the process.

What are the options you can consider to get a 2nd passport?

There are a lot of countries providing residency and citizenship to international investors. European countries usually offer residency which is leading to citizenship after a certain time duration so investors cannot enjoy the perks of being a citizen right away. International investors prefer citizenship over residency and some of the popular yet reliable citizenship by investment programs are as follows:

Dominica 2nd Passport by Investment

Dominica is a Caribbean island country with lush green trees and turquoise blue beaches. Foreign investors can invest an amount of $220,000 in a government-approved project, Hilton Tranquility Beach Resort. Similarly, investing in this project promises you great returns on your investment. Another option is to contribute $100,000 to Applicants who can add their whole family as a dependent including spouse, children, parent, grandparents, and siblings of the applicant and of the spouse. With travel freedom to 141+ countries, Dominica offers you lifetime citizenship with zero taxation on worldwide income. Your Dominican Second Passport is just 90 days away from you.

Vanuatu Citizenship by Investment

Vanuatu is a south pacific ocean nation consisted of 80+ islands. Although, Vanuatu only offers citizenship through donation options but the government on Vanuatu is eager towards introducing its real estate option real soon. Foreign investors can donate $130,000 to any of the three donation options and get citizenship within 35 days. Moreover, being a citizen of Vanuatu you can get travel freedom to more than 129 countries and get access to the world’s best education & healthcare.

Montenegro Second Citizenship through Investment

A southeastern European country with a narrow strip of beaches and seashores, an attraction for travel enthusiasts. Montenegro has two options for foreign investors to avail of citizenship in just 6 months. One option is making a contribution of 100,000 EUR to the Government Fund. Whereas, the other options in making a real estate investment of EUR 250,000 or more. Montenegro is a NATO member and has an E-2 treaty that allows citizens to go live & work in the USA. Apart from visa-free access to 116+ countries, you can add your whole family as dependents.

St. Kitts & Nevis Citizenship by Real Estate Investment

This is one of the oldest, economical yet reliable citizenship programs. St. Kitts & Nevis is a beautiful island country in the Caribbean region with a very calm & peaceful vibe. Also, St. Kitts & Nevis claims to be the only COVID’19 free country. Foreign investors can invest $200,000 in real estate projects and get citizenship in 90 days. In addition, there is a limited-time offer for a family of four to donate $150K in government funds and get citizenship. Being a citizen of St. Kitts & Nevis, you will get the freedom of mobility towards 156+ destinations. Also, St. Kitts & Nevis has zero taxation on worldwide income.

Antigua & Barbuda 2nd Passport by Investment

Antigua & Barbuda is located on the meeting point of Atlantic & Caribbean, consists of two major islands as it is named and multiple smaller ones. Basically, this Citizenship by Investment program got popular during the year 2020 and many foreign investors relocated to the country. The country offers three options to get citizenship. Firstly, foreign investors can get citizenship by investing which is refundable. Further, there are options to donate $100k to the National fund or $150K to the University of West Indies Fund. Processing time for this program is 90 days as well along with visa-free access to 151+ countries.

Turkey Citizenship by Investment Program

Turkey is one of the best travel destinations in the last decade. Turkey’s real estate is growing and contributing to the economy for a long time and foreign investors are very keen to achieve Turkish Second Passport. However, applicants need to make an investment of $250,000 in real estate to get citizenship in 90 days. Moreover, there is another option to make a bank deposit of $500,000 in a Turkish ban to get citizenship. With a Turkish Passport, you can get access to 111+ countries including UK, USA, Entire Europe, Hong Kong, and Singapore.

How Saad Ahsan Immigration Law Firm can Help You?

Saad Ahsan Immigration Law Firm is a pioneer and most reputed firm in the immigration industry. With a team of expert advisors, we promise our clients a 100% success rate. We provide you complete assistance to our clients from case preparation to final approval. In addition, You can book an appointment and start your application today with our relevant advisor. We will not only save your time but also ensure you the approval of your application.

We understand that while making a huge investment you feel confused and there is a lot on your head. Do not worry, we have a team of experts to address all your concerns and satisfy you with our client-serving strategies. We are just one call away to provide you support towards your dream lifestyle.