To operate efficiently in the global economy, you may want to consider getting a dual citizenship. Dual citizenship can be defined as being a citizen of two countries. You may be born in one and can acquire the citizenship of another. You may be lucky to have mixed parentage that conferred dual citizenship upon you. You can also fulfil the formalities of a country of your choice and obtain its citizenship.
There are many ways a person can acquire a second citizenship. He can be born in one country and have lived in another and become a naturalized citizen. He may have parents belonging to two countries and have the citizenship as right of birth (some countries do offer this), or he may have fulfilled residency and other formalities of a country of his choice and got his second citizenship.
Some countries actively discourage this practise and require you to renounce your previous citizenship when you apply for their citizenship. Others do not. Laws are different for different countries. As a norm, a country deals with you as a citizen while you reside in it, and ignores any other passport.
The advantages of owning a second passport are many. If you want to reside and earn in a country of your choice, you need to work closely with their embassy and understand the immigration laws so that you obtain a passport in a legal way. Do not get conned by shady touts and do it the right way. Once you get your second passport you can start enjoying the many advantages of dual citizenship.
Many countries operate on protectionist policies. They restrict foreigners earning or building in their countries. They definitely do not allow foreigners to build industries and business empires. Getting a second citizenship helps in such cases.
You get to have a say in the political system of both countries. For a businessman intent on creating a favourable political climate for his own business, this makes sense since you can influence the policy makers of a country you are a citizen of.
Countries like to safeguard the interests of their own citizens. Foreign businessmen and industrialists cannot operate freely or build empires. A dual citizenship helps in such cases.
You can pass on the same benefits to your children. They will enjoy the same advantages and have a wider base to operate from, by completing some minor formalities. Do consult the embassy of the country for more information. Everyone can reap the benefits of second citizenship.
There are many ways a person can acquire a second citizenship. He can be born in one country and have lived in another and become a naturalized citizen. He may have parents belonging to two countries and have the citizenship as right of birth (some countries do offer this), or he may have fulfilled residency and other formalities of a country of his choice and got his second citizenship.
Some countries actively discourage this practise and require you to renounce your previous citizenship when you apply for their citizenship. Others do not. Laws are different for different countries. As a norm, a country deals with you as a citizen while you reside in it, and ignores any other passport.
The advantages of owning a second passport are many. If you want to reside and earn in a country of your choice, you need to work closely with their embassy and understand the immigration laws so that you obtain a passport in a legal way. Do not get conned by shady touts and do it the right way. Once you get your second passport you can start enjoying the many advantages of dual citizenship.
Many countries operate on protectionist policies. They restrict foreigners earning or building in their countries. They definitely do not allow foreigners to build industries and business empires. Getting a second citizenship helps in such cases.
You get to have a say in the political system of both countries. For a businessman intent on creating a favourable political climate for his own business, this makes sense since you can influence the policy makers of a country you are a citizen of.
Countries like to safeguard the interests of their own citizens. Foreign businessmen and industrialists cannot operate freely or build empires. A dual citizenship helps in such cases.
You can pass on the same benefits to your children. They will enjoy the same advantages and have a wider base to operate from, by completing some minor formalities. Do consult the embassy of the country for more information. Everyone can reap the benefits of second citizenship.
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