If a person is recognized as a legal citizen by more than one state then he/she is considered a dual national or dual citizen. The concept of dual citizenships isn’t a new one. It has been around for quite some time now however based on geopolitical and national factors the policies related to dual citizenship keep on changing.
How Can One Get Dual Citizenships
Getting a dual nationality is no walk in the park. There are a lot of complexities and lengthy documentation involved in the process. If you are thinking about getting a dual nationality then the first thing you need to know is your birth country’s immigration laws.
Not all countries allow their citizens to hold dual citizenships. Every state has the right to set its own rules and regulations on the matter. There are many countries like Canada that allow their citizens to hold any other nationality along with their Canadian nationality. Other than that some countries do permit their citizens to hold dual nationalities however they limit the rights of dual nationals e.g. Dual nationals aren’t allowed to vote or run for elections etc. Each country has unique rules regarding the matter that have been set due to different reasons. ![\"\"](\"https://www.citizenshipbay.com/wp-content/uploads/2020/05/citizenshipbay-residency.png\")
Dual nationality isn’t always applied for. Sometimes the circumstances are responsible for making you a dual national or getting dual citizenships e.g. If you are born in a country different than that of your parents then in most cases you get citizenship of both countries.
How Does Taxation Work On dual citizenships
Payment of taxes depends on the tax agreement between your birth country and your second state. Depending on this agreement you might have to pay taxes in both countries to avoid getting a tax defaulter’s status in the country. The United States of America is one of the most common examples of such a case. The USA taxes citizens for income earned in other countries so dual nationals have to pay taxes in both countries. People must get full knowledge from their embassy before applying for dual citizenship so that they don’t have to face issues like double taxation or the limitation of certain rights.
Can You Become A Dual Citizen Based On Citizenship By Investment
Everything has a price. Getting dual nationality is hard but not when you have a lot of money at your disposal. The idea behind citizenship by investment is that you have to spend a certain amount of money in the country in exchange for citizenship. It is one of the most effective and fast methods of getting citizenship. Some countries in the world have lenient citizenship by investment guidelines. In some cases you don’t even have to personally visit the country yourself you get the passport. Once your money is invested in the country, you can apply for citizenship by investment for that country.
Getting Help With Your Second Nationality
Immigration is a complex and time taking process which is why it is important to have an expert guide you at every stage. There are many companies out there that offer global consultation regarding getting new citizenship. Citizenship Bay is one such company that can help you get dual citizenship. It is a citizenship consultancy firm that specializes in citizenship by investment. Citizenship Bay is a well-reputed Dubai based company that has well trained and experienced personnel who can help you go through the dual citizenship process smoothly and efficiently.
Contact us and meet with a consultant today to discuss your options for dual citizenships.
www.citizenshipbay.com | +971 4 430 8028 | [email protected].