Types of Investments that Help Obtain Dual Citizenship for Businessmen & Investors
In recent years, more and more people have relocated to different countries. Relocating can be daunting, whether due to work obligations, expanding a business, or moving closer to family.
In most cases, a visa will expire within 6 months. Therefore, when relocating, it is best to try and gain citizenship for the country you are moving to. The easiest method is to gain citizenship by investment.
Citizenship by investment is when you obtain second citizenship in a country where you substantially contribute to its economy.
Holding second citizenship has many benefits, such as:
Obtaining dual citizenship can occur in three ways. The first way is through birth. In this case, a child is born in a country where their parents are foreigners. In this instance, the child holds dual citizenship.
The second way is through a marriage where you and your partner are from different countries. The last method is through investment.
This method is particularly appealing to business people, investors, and entrepreneurs as it gives them the financial freedom to expand their businesses. Here are a few types of investments that you can use to obtain dual citizenship.
1. Business Enterprise
Are you a business owner looking to expand your business offshore? If yes, then dual citizenship is perfect for you. There are multiple countries that offer dual citizenship as an incentive to business people to establish their company in a country due to the opportunities it provides.
Expanding your business abroad will help the economy by offering employment opportunities for its citizens and bringing revenue into the country. In addition, there is a chance that your company can assist in stabilizing the market in the country.
Setting your business in a second country will allow you to extend your client base and enable your business to flourish. In addition, your business will gain international recognition and an improved reputation, and the earning potential is unlimited.
Expanding your business will allow you to form new and innovative partnerships with local companies and network with a new market that will extend your reach.
Depending on the country, attaining a dual passport will also gain many other financial benefits. For example, a St Kitts passport will allow you to travel to over 110 countries, and you won’t be held accountable for any tax.
2. Real Estate Investment
This would involve investing in commercial or residential property in the country. There are two ownership models to choose from when using real estate investment. With shared ownership, you will only own a small portion of the real estate you invest in.
In this case, you are considered a passive investor as you are not actively involved in property management. The second type of ownership is total ownership.
In this case, you own the entire property you invest in. In addition, you will be solely responsible for its maintenance and management.
This ownership type is perfect for business owners. As a business owner looking to establish your business abroad, you will need an office to help run your business.
This will make expanding and establishing your business much easier. Another benefit of acquiring second citizenship in this way is that you might benefit from lower interest rates from banks.
3. Government Bonds
Investing in government bonds such as treasury bills or municipal bonds is probably one of the easiest ways to gain dual citizenship. Government bonds are one of the safest investment schemes as there is no risk of losing capital.
In addition, there is no need for you to be personally involved in the investment process. An added benefit is that these bonds are short-term.
Depending on the country, this investment will last between 1 and 5 years. After this time, your initial investment amount will be returned to you with zero interest.
An example of one of the best government bond investment programs is the Quebec Investor Visa Program. With this program, you must invest at least CAD 1,200,000 for five years. However, the investor must have a net worth of CAD 2 million.
Three Ways to Obtain Dual Citizenship Through Investment
Attaining second citizenship has many financial benefits for business owners, investors, and entrepreneurs. As a second citizen, you can travel between countries visa-free and benefit from incentives such as lower tax rates and interest rates. These factors are vital to expanding your business and gaining global recognition.