Dual Citizenship

What is Citizenship?

Citizenship, in legal terms, refers to the relationship between an individual and a nation state. Typically, as a citizen of a country, an individual receives benefits and protections from the nation state in return for fulfilling legal obligations and criteria set forth by the government.

While people primarily think of citizenship as something that happens automatically, either by birth or by marriage, citizenship can actually be achieved through investment opportunities, known as citizenship by investment programs. This is particularly helpful for high net worth individuals and global business people who are looking to take advantage of all the opportunities dual citizenship has to offer.

What is the Difference between Citizenship and Residency?

Often, citizenship and residency get confused as being one in the same. However, there are vast differences between the two legal statuses, as well as benefits you can expect with each.

As a citizen of a country

You have unique rights and obligations to a country that you retain for life. You also have the ability to pass these life-long rights and responsibilities onto your children, who typically receive citizenship of your country. Citizenship also provides security and protection by giving you access to the country’s embassies and consulates in foreign countries. You also have the personal security in knowing that these benefits and assurances are consistently available to you without having to fulfill requirements such as a minimum stay. In fact, according to the UN’s Declaration of Human Rights, as a citizen of a country, you have the right to not be deprived of your nationality.

As a resident

Your legal rights and obligations are far different. While you can live, work, and travel within a country as a resident, you must fulfill certain requirements (such as minimum stay), and you have no guarantee of security and consistency. If you leave your country of residence, you may return, but you may also be denied at any time by immigration. As a resident, you do not automatically have the right to retain your resident status. For example, in the case of severe criminal charges, you can risk losing your residency in a country.

What are the Benefits of Dual Citizenship?

Dual citizenship can be an incredible investment for individuals looking for freedom, flexibility, and financial opportunities. Below are just a few of the many benefits and opportunities that come with obtaining a second passport:

  • Travel to and explore new countries without an arduous visa process
  • Give your children the best education opportunities around the globe
  • Enhance your business opportunities and global presence
  • Receive access to embassies and consulates when traveling abroad
  • Remove yourself from a country in turmoil or political unrest
  • Ensure protection and wellbeing for future generations of family members
  • Establish a new tax domicile

Ready to get started? Take a look at our our citizenship by programs to find the service that’s right for you.