With rapid uncertainty facing all corners of the world today, residency and citizenship-by-investment have become suitable and popular options for individuals seeking out new horizons for them and their families. The benefits of investing in a second passport extend beyond obtaining the physical passport itself. Passport Legacy, a Swiss advisory boutique firm with over 25 years of combined team experience in residency and citizenship-by-investment (CBI), is changing the face of the industry through an unparalleled offering for its international clients. and explain five of the benefits of having a second passport:
Visa-Free and Easy Travel – For business and leisure
As the world becomes a more global entity, travelling on short notice, whether for business or personal reasons, can become a tedious and long process if a visa is required. One of the benefits of having a second passport is the ease of being able to travel to a variety of countries without the hassle and costs of having to obtain a visa. Through Passport Legacy, a second passport through a Caribbean citizenship by investment program or a European residency by investment program allows you to travel visa-free or obtain a visa-on-arrival to more than 135+ countries. In order to be able to do business with other countries with ease, having a second passport from Turkey or Grenada through Passport Legacy will entitle you to enter 150+ countries without a visa or obtain a visa on arrival. Getting a second passport from either of these countries further enables you to get an E2 investor visa from the USA.
Educate Your Children in Europe
Whether citizenship-by-investment or citizenship-by-donation, having a second passport will allow you as well as your dependent and children to access education in that country long-term. Gaining a second passport from Portugal, Malta or Greece, you and your immediate family members will be entitled to study, live and work anywhere in the European Union. Your children will be provided the opportunity to study at some of the most prestigious universities in the world.
Having a Backup Plan
Incredibly topical at the moment, having a backup plan is important. Countries that offer citizenship by investment allow you to hold dual citizenship and a second passport from Antigua and Barbuda allows the applicant to apply for their family members as dependents and children under 30 years of age as well as parents above 55 years of age. A second passport from such a country provides safety and security for all members of the family to migrate to another country and still have your citizenship from your home country. The COVID-19 pandemic is an apt example of how citizenship-by-investment increased the demand and need for a second passport.
Pave The Way For The Future Generations
Investing in a second passport today can mean that future generations of your family get the opportunity to automatically have that passport as well. Your investment today can grant future generations abundant benefits as they will be able to study, work and live, for example, at reputable universities throughout the European Union. Travel will become hassle free and they will have no need to acquire a visa to travel to a minimum of 110 countries.
Avail Tax Benefits
A large benefit of having a second passport is paying minimal taxes on capital gains and wealth. Acknowledging that you would have to pay taxes in your country of residence, having a second passport from St. Kitts & Nevis exempts you from paying capital gains, inheritance, and foreigner income tax. Furthermore, it is positioned as a great investment for a second passport allowing you to sponsor children under the age of 30 and parents over the age of 55.
Overall, there are multiple benefits of having a second passport that enable easy travel for work or leisure, and can undeniably provide assured benefits for future generations of your family in more ways than one.
About Passport Legacy:
Founded by Jeffrey Henseler, Passport Legacy is a Swiss boutique firm with over 25 years of combined experience in the citizenship-by-investment industry. Headquartered in Dubai, UAE with supporting global offices in Nigeria, Pakistan and Lebanon, Passport Legacy is a CBI company providing a range of tailored professional services to its private clients including the acquisition of alternative residences or citizenship as well as real estate. Through its highly-knowledgeable and experienced Client advisors, who are available to call and text 24/7, Passport Legacy facilitates access to over 150 countries.
