If you have ever travelled or lived outside your home country, you may have considered acquiring dual citizenship. Dual citizenship can offer various benefits, from the ease of travel to more significant opportunities for employment and investment.
For high-net-worth (HNW) individuals, real estate, funds, and businesses are some of the common investments. These investments aim to branch out into more opportunities and improve families’ quality of life.
Apart from properties and revenue-generating investments, HNW families also consider dual citizenship. As most countries allow dual citizenship, more HNW families can see the advantages of obtaining second citizenship. This blog post will explore why dual citizenship is a powerful investment option.
In this article, we're going to discuss:
How is dual citizenship a powerful investment?
Expanding your Horizons
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Access to More Markets
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Diversification of Capital and Investments |
More Real Estate Options |
Excellent Retirement Options
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High-Quality Education for Children |
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!
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.
If you have access to more countries, you have access to more industries that you can optimise. Dual citizenship allows your family business to expand into other countries.
Different countries have different booming industries, giving you various business opportunities. It is also easier to set up companies in a country where you are a resident. Multiple countries offer advantageous regimes to redomicile your company, which gives you more game plans for handling your business.
With dual citizenship, you can freely move your capital within specific regions. Dual citizenship may make it easier to diversify your investments beyond your country!
One good example is acquiring a European Union passport. When you become a dual citizen in the EU, you can move your capital within the EU and invest it in any EU country. Dual citizenship gives more choices about what you can invest your money into.
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TAKE A LOOK AT OUR ULTIMATE GUIDE TO DUAL CITIZENSHIP |
More countries now offer citizenship by investment programmes that require you to fulfil investment requirements. These requirements usually include purchasing or renting properties in specific areas of the country.
Depending on the programme rules, you can rent 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.
Retiring to 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!
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 an EU passport, for example, allows them to study in the EU for more affordable fees compared to other countries’ nationals.
Is dual citizenship allowed in Malta? The answer is YES. Malta citizenship law is governed by the Malta Citizenship Act (Cap 188, Laws of Malta). The Maltese Constitution [Article 22(2)] allows dual citizenship. Those who acquire dual citizenship in Malta are not obliged to renounce their other citizenships.
Malta follows the jus sanguinis principle of citizenship, which means that Malta citizenship can be passed down from parent to child. There are several ways to obtain citizenship in Malta aside from birth or descent. These include naturalisation, marriage, family reunification, distinguished service, and direct investment.
The Maltese government launched the Malta Citizenship by Naturalisation for Exceptional Services by Direct Investment in 2020. This programme grants citizenship to high-net-worth individuals and their families who contribute to Malta’s economic growth through direct investment.
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LEARN MORE ABOUT MALTA'S CITIZENSHIP BY NATURALISATION FOR EXCEPTIONAL SERVICES BY DIRECT INVESTMENT |
Dual citizenship can offer many benefits, including increased business opportunities, visa-free travel, and easier access to education and employment opportunities. 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.
Several countries offer citizenship through investment programmes. All these programmes help you obtain your second passport, giving you, your family, and the generations that follow you all the benefits of dual citizenship.
One of the leading citizenship programmes is the Malta Citizenship by Naturalisation for Exceptional Services by Direct Investment. Investors can acquire citizenship in Malta in approximately one or three years, depending on their investment route.
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!