Benefits of Second Citizenship

Posted: Sep 15, 2009 |Comments: 0 | Views: 355 |

Citizenship and national identity are shifting in a global zing world. An increasing number of people carry two or more passports and affluent citizens’ travel, study and work in multiple lands. Mass migration means that the poor as well as the rich have ties to more than one nation. What does citizenship mean when passports for many countries can be purchased outright and some people even hold elected office in more than one country simultaneously? Clearly, citizenship and national identity are changing -- a sign that the nation states is itself in flux as an "imagined community." Purchase of citizenship means becoming citizen of two countries at the same time and enjoying all the legal rights and other amenities provided to any other citizen of those respective countries. This system of second nationality is widely honored because of the benefit associated with it. You can buy citizenship for tax planning, citizenship for wealth management, citizenship for tax reduction or citizenship for visa free travel. After becoming a second citizen, a person can escape complex tax and custom regulations, enjoy visa free travel to England, visa free travel to United Kingdom avail legal rights and border rules. It also offers a facility to enjoy the better socio-economic conditions of another country. Dominica’s citizenship program requires making an economic contribution to the country. In exchange, applicants and their families are granted full citizenship without residence. The economic contribution takes the form of a direct non-refundable payment made to the government.

Citizenship for sale-To accommodate this new demand, purchase of citizenship or purchase of nationality has become common in many countries. As a citizen of Dominica you can live and work in Dominica at any time, and as a Commonwealth citizen you will enjoy special rights and privileges in the United Kingdom as well, e.g. your children may go the UK to study without having to obtain a student visa; after graduation, they may take up employment in the UK for two years without having to obtain a work permit. The Foundation has been designated a special approved project for the purposes of Citizenship by Investment. Contributions to the Foundation at prescribed levels can qualify foreign nationals to Citizenship by Investment. Acquiring economic citizenships is one of the wisest decisions a person can make. As a real worth of the money, such US citizenship by investment, European citizenship by investment helps an individual to gain a larger workable tax benefits. People can enjoy and freely travel to country of their choice as and often they want without much hassle. Getting economic citizen provides benefits not only on business but on personal front as well.

Dual citizenship programs available by Second Citizenship Ltd. can open up a whole new life of opportunities, visa free travel to England, visa free travel to United Kingdom and visa free travel to Switzerland. These professional second nationality services are for those people who are migrating to the United States, migrating to European Union and are willing for residence in United States, residence in European Union, residence in England or residence in United Kingdom. Obtaining multiple nationalities, foreign passport or foreign citizenship is one of the wisest moves you can make if you truly value maintaining your international freedom. A second passport from Dominica is also ideal for high value individuals seeking to retire to the Caribbean and/or avoid restrictive taxation laws in their own country.  For these applicants, the Dominica citizenship offers zero taxation on foreign earnings, capital gains, wealth, gift and inheritance tax.

Payment for citizenship is like taking out an insurance policy. Only the asset you are insuring is not your car or home, but something much more precious: your freedom.

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