Not many people are aware that you can get a second passport in just three months through a citizenship by investment program offered by various countries. Most people believe that years of waiting and immigration are the only way to secure a second passport. But, you will come across a number of countries that have a citizenship by investment program that can be used for getting the second passport through investment. Why should you go down this route? Here are some excellent reasons to do so:
- Safety reasons
With political turmoil and civil war spreading all over the world, a second passport can provide you a sense of security. Having an alternative citizenship is also helpful in situations where your country’s infrastructure is decimated due to natural disasters and you can easily move to a different country.
- Easy travel
The topmost reason for using a citizenship by investment program to get a second passport is because it makes traveling easy. For instance, if you use the Malta Citizenship by Investment Programme to become a resident of the country, you will be able to move freely within the Schengen area and enjoy visa free travel to a horde of countries. Hence, you don’t have to go through the hassling process of acquiring a visa every time you want to travel.
- Tax benefits
If you have a business and have assets in different parts of the globe, it is a given that you would to set up in a favorable tax jurisdiction. This can be done with ease through a citizenship by investment program. You can get a second passport in a country that has great tax policies that can reduce your tax burden significantly.
These are some great reasons to consider securing a second passport in a country through their Citizenship by investment program.