30/05/2022
DUAL CITIZENSHIP, a powerful investment for high net worth families.
Real estate, funds and businesses – these are some of the common things that high-net-worth individuals (HNW) invest in. These investments aim to branch out into more opportunities and further improve the families’ quality of life.
Apart from properties and revenue-generating investments, HNW families also consider dual citizenship. As most countries across the globe allow dual citizenship, more HNW families can see the advantages of obtaining second citizenship.
How is dual citizenship a powerful investment?
1. Expanding your Horizons
Dual citizenship means holding citizenship in two different countries at the same time. It means you can live and work in two countries. You can also travel with ease with your two passports.
2. Dual citizenship allows you to travel visa-free to more countries. This entails epic travel experiences for you and your family, giving you the freedom to get an insight into new cultures and traditions. The more countries you visit, the more you know how many choices you have for your lifestyle, career and interests.
3. Access to More Markets
If you have access to more countries, you have access to more industries that you can optimise. Dual citizenship makes it possible for your family business to expand into other countries.
4. It boosts your business opportunities
Different countries have different booming industries, giving you a range of business opportunities. It is also easier to set up companies in a country where you are a resident. Various countries offer advantageous regimes to redomicile your company, which gives you more game plans for handling your business.
5. Diversification of Capital and Investments
With dual citizenship, you can freely move your capital within certain regions. Dual citizenship may make it easier to diversify your investments beyond your country.
Dual citizenship gives more choices to what you can invest your money into.
6. More Real Estate Options
More countries now offer citizenship by investment programmes that requires you to fulfil investment requirements. These requirements usually include purchasing or renting properties in specific areas in the country.
Depending on the programme rules, you can rent out or sell these properties after maintaining them for a required period, and in some cases straight away. The real estate options that dual citizenship entails are a great advantage, especially when the property sector is healthy and booming in your country of choice. Owning a property alone is already an advantage. You get to double that upper hand with your second citizenship.
One good example is obtaining a Caribbean passport like Grenada for instance, it gives you a real estate option as an investment and the property is being maintained for a period of 5 years while you get 6-7% returns on investment yearly and your capital back at the end of 5 years and you can as well roll over the investment but meanwhile you have your second Citizenship already within 90 days (3months) of buying the real estate investment.
7. Excellent Retirement Options
Retiring in a country where you enjoy the climate, lifestyle, and healthcare is essential. Dual citizenship allows you to realise that goal.
Having alternative citizenship gives you wider choices of where you can retire and spend the money on the lifestyle you desire!
8. High-Quality Education for Children
As parents, providing high-quality education for your children is crucial. Your dual citizenship can help you give your children more choices to study in another country and to stay to live and work wherever their alternative citizenship permits.
Like when you diversify your capital and investments, dual citizenship also helps you diversify the educational options of your children. Acquiring a Grenada passport, for example, allows them to study in the Caribbean, Grenada being one of the countries with the best medical schools, for more affordable fees (90% off) compared to other countries’ nationals.
Dual citizenship has become more accessible and more possible with citizenship by investment programmes available in various countries. These programmes jumpstart your citizenship through years of residency, offering flexible investment options that contribute to the country’s economic growth.
Some of the Caribbean Countries that offer citizenship by investment programmes include Grenada, Antigua and Barbuda, St. Kitts and Nevis, Dominican Republic etc. All programmes help you obtain your second passport, giving you, your family, and the generations that follow you all the benefits of dual citizenship.
Become a dual citizen in a country that secures the brightest future for your family and future generations. Let us talk about your best options today. Get in touch with us!
