Multiple citizenships offer travel freedom, better healthcare choices, and broader educational opportunities. Yet, there are drawbacks to possessing two passports. Let's explore the definitions and the pros and cons of it.
Difference between dual and second citizenship
Dual and second citizenship both involve holding two passports but with different conditions.
Dual citizenship arises from a bilateral agreement between two countries, where each recognises the dual citizens' rights and obligations. Therefore, dual citizens pay taxes and may have military duties in their residence country, with protections against double taxation.
Second citizenship means holding passports without such an agreement. Each country permits dual passport holding but doesn't recognise mutual rights or duties, meaning holders of a second passport could be taxed in both countries.
7 benefits of dual and second citizenship
Downsides of multiple citizenships
Taxation risk. While dual citizens might reduce taxes, they also face double taxation on foreign income or property, depending on national laws.
Career restrictions. Some nations prevent dual citizens from government roles or positions like judges, ministers, or deputies.
Military service. Rarely, serving in one country's military as a dual citizen might lead to losing the other citizenship, based on specific state laws.
How to get a second citizenship
Obtaining dual or second citizenship varies by country, usually categorised into descent, naturalisation, or investment.
Citizenship by descent caters to those with ancestral ties to a nation, typically children or further descendants of its citizens. Certain countries like Greece and Malta extend this to even younger lineages.
The descent-based process is relatively fast, often just a few months.
Naturalisation entails forging significant ties over several years, like living for work, study, business, or marriage.
This route often demands years and passing cultural and language tests. Naturalisation involves living in a country for about five years and establishing robust economic and cultural connections.
Some nations offer citizenship by investment, where one invests in the economy, like donating to a government fund, buying property, or supporting a business.
Obtaining citizenship by investment usually spans 6—8 months, and investors can include family in their applications.
Investors aren't required to showcase country ties or language proficiency. Key requirements often involve being above 18 and proving legal income sources.
The states offering citizenship by investment include, for example, Turkey, Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, St Lucia, and Vanuatu.
However, applying for citizenship by investment is only possible through an agent accredited by the respective government. Immigrant Invest is a licensed agent entitled to guide wealthy people through the process of getting a second passport by investment.
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Alina Mishurenko is an Editor-in-chief and content creator at Immigrant Invest. Alina collaborates with investment migration experts and lawyers, guiding clients to choose the ideal passport or residence permit. Her legal expertise ensures accurate, trustworthy information, saving investors time on external verification.
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