What are the benefits of a Dual Citizenship?
Dual citizenship will provide the best of two worlds in that the owner of a dual citizenship or sometimes referred to as dual nationality means a far greater degree of freedom to live in the choice of the two countries. There are associated benefits, and many who obtain duel citizenship will also gain from the extra benefits of their second nationality - like being able to travel to more locations VISA FREE through the special country to country arrangements available.
Some countries offer shelters through so called tax havens, which are perfectly legal as long as you follow the international rules meaning wealth through tax planning can be protected. With this comes increase protection of your personal and financial privacy through being able to spread information between locations. Often the second country will welcome the investment required to obtain the dual citizenship and that could mean increased wealth and asset holdings.
You may already reside in a country where the nationality could hold back your business interests for a number of reasons - having a more acceptable second nationality could improve your business and personal relationships. Perhaps the dual citizenship will further protect you and your loved ones from being targeted for whatever reason in your home country.
Here are listed some additional considerations for obtaining a dual citizenship :
Would the second nationality add to the quality health care and education on offer.
Would the chosen dual nationality country be a better retirement choice.
Does your current nationality require any participation in military service.
Dual citizenship considerations for protecting your interests :
Avoid talking openly about having a dual citizenship, do not mention the second country when living or residing in first or the other way round. the of another country. Think of yourself as being part of the country you are currently in an simply keep in mind the other dual nationality you hold.
It is important that you make sure you are not going to renounce the citizenship of either country when taking on or adding a second or dual nationality.
Protect your future now :
If you have any doubt about where you live, are concerned about not having the benefits for you or your loved ones you would like to have, and if you can afford to invest into your future now - why not insure yourself against unforeseen eventualities and start a dual citizenship application through IPD now.