A second citizenship offers businessmen and entrepreneurs a lot of great benefits.
Read along as we highlight some of the top benefits a Second Citizenship offers.
Increased mobility
If you travel often for business, then chances are, you already know the struggle of getting visas. You stand in long lines, fill out a multitude of forms, spend days gathering all the required documents and spend three painful weeks waiting to hear back from them, wondering whether you will be approved or rejected!
Well, second citizenship solves this problem for you. With a second passport, you can travel visa-free to up to 182 countries around the world, including the UK and Schengen countries.
Investment opportunities
Some of our residency and citizenship by investment programs offer investors a solid financial return on their investment. This makes an application for citizenship or residency not only a smart decision for freedom and flexibility but also financial gain.
Second citizenship or foreign residency enables wealthy investors to diversify their investments in foreign markets and efficiently manage their portfolios.
Tax benefits
Depending on the country you obtain dual citizenship from, you may be eligible for much lower tax rates for your business. Cyprus, for example, offers one of the most attractive tax regimes in Europe.
Moreover, for the majority of the countries, there is no tax obligation on foreign income for non-residents. Vanuatu, for example, has no income tax, wealth tax, capital gains or inheritance tax.
Greater Reach
One of the major advantages of second citizenship for entrepreneurs is the opportunity to reach a larger market for your business. Many countries only allow their citizens to do business, with dual citizenship you can start a branch or trade and use the second country as a new platform for increased income.
Security
We know that a second passport or foreign residency provides a sense of security. In a time of global political uncertainty, additional citizenship offers a safeguard for the future of your families and your wealth.
Meet with a consultant today and invest in your future.
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