Getting a second passport is an asset that most people can only dream of. It brings freedom, stability, and immeasurable opportunities for those who have them. While some people are lucky enough to be born with the right to multiple passports, others obtain passports later, sometimes through marriage or naturalization. However, one of the best ways to get a second passport is through citizenship by investment. This guide details how to get a second passport legally and make the most of second citizenship.
Benefits of owning another passport
There are so many benefits to owning another passport. From increased global mobility to more freedom of opportunities, here are some of the top benefits.
Imagine being able to travel all over the world without a visa, or move and work freely in a number of different countries. Depending on the country, a second travel document can provide you with all these advantages.
Global mobility opportunities
The opportunities that come with having second citizenship can be innumerable. Whether in regards to investment or travel, a second passport can widen your options and also allow you to take advantage of access to better education and healthcare.
Stability with a second passport
With Brexit and the political unrest in Hong Kong, it just goes to show that you never know when governments and laws can change, and having dual citizenship can give you the right to choose what’s best for you. It gives you peace of mind and increased personal and financial security. If you’re looking to build a better future for yourself and your family, a second passport is the best way to ensure they will have a more secure life in the years to come.
Get in touch with one of our immigration investment experts
At Global Citizen Solutions, we offer nine different investor visa programs across the world. With an international team operating out of four countries, we can help provide sound advice on our range of citizenship by investment programs, as well as discuss your key objectives. Get in touch with us today so we can understand your needs and help you move forward with your second passport plans.
Best countries to get a second passport
If you don’t have the right to citizenship through descent, marriage, or naturalization, the easiest way of getting a second passport is through citizenship by investment program.
Citizenship by investment programs exist all over the world, allowing qualifying investors and their family members to get second passports in exchange for making a certain investment in the respective nation. These investments typically come in the form of a real estate investment, or a financial contribution to a government fund or bonds, but can vary depending on the citizenship program of choice. Some of the best countries to get a second passport are Portugal, Spain, and the Caribbean Island nations like Dominica, Grenada and St. Kitts and Nevis.
How to get a second passport through Portugal’s Golden Visa
Another option is to go through Portugal’s Golden Visa program – a residency-by-investment scheme that rewards qualifying investors with a residence permit. While you don’t get the Portuguese passport right away, it is possible to get Portuguese citizenship after maintaining a five-year investment through the Portugal Golden Visa, issued by Portugal’s border agency, SEF.
How to get a second passport through Spain Golden Visa
While Spain’s Golden Visa program doesn’t reward you with Spanish citizenship right away, it is possible to get a Spanish passport after going through the Golden Visa program and maintaining your investment as well as the permanent residency in the nation for 10 years.
How to acquire citizenship through Greece Golden Visa
The Golden Visa Greece Program offers citizenship by naturalization after seven years of maintaining your Golden Visa. With Greek citizenship, the main applicant can live or work anywhere within the European Union.
Citizenship with the Irish Golden Visa
The Ireland Golden Visa is a perfect option for foreign investors seeking a window into the European Union. While the program doesn’t offer Irish citizenship straightaway, it’s possible to become an Irish citizen after six years of holding your respective investment.
Second passport with the EB5 US Visa
The EB5 Visa US Permanent Resident offers a Green Card first, followed by US citizenship after the five year mark. While you must maintain your respective investment for at least five years (and your Green card) to qualify for citizenship, it’s worth it, considering you are then granted full citizenship for life.
Spain vs Portugal: which Golden Visa is better?
While both Spain and Portugal offer golden visas, the program requirements and conditions differ. Which Golden Visa is better?