The following benefits are specific to Citizenship by Investment...
CONVENIENCE FOR TRAVEL
High net worth citizens of some countries spend considerable amounts of time obtaining visas from other countries in order to travel freely which may be a time-consuming and complex operation and may not always result in a successful application. For individuals involved in business where international travel may be required on short notice, access to another passport may be crucial. Additionally, a second passport may afford the holder visa-free travel to jurisdictions not available to their country of birth.
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TAX PLANNING
Several countries around the world levy tax on non-resident citizens. Alternative citizenship has therefore become increasingly important as an effective tool for international tax planning and reducing an individual’s potential taxations profile. Holding citizenship of two or more states, an individual will in general have more planning options as well as more privacy in banking and investment.
PERSONAL SECURITY
Citizenship and a passport from a small, peaceful country such as Antigua and Barbuda with its close ties to the United Kingdom is considered by some as a form of protection when travelling, particularly in times of political unrest, civil war, terrorism or other delicate situations. Many international business executives consider an alternative passport from a neutral country as a very effective way of mitigating risks while travelling. Within one’s own country, where there is political and social unrest, a second passport can allow an individual and family members to quickly travel out of the country if required.
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INVESTMENT IN THE FUTURE
Due to today’s changing political and economic environment the acquisition of a second citizenship for an individual and their family members could be considered an investment for future generations. For many there is no need to give up one’s own citizenship and passport and therefore enjoy the benefits of a legal second passport.
READ ABOUT CITIZENSHIP OPTIONS
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