Many wealthy people are looking into getting a second passport and for good reason. There are some great advantages to dual citizenship. Even where acquiring citizenship isn’t immediately possible, the path through residency in Austria is for example still a great option to receive European citizenship in Austria.

Advantages of a second passport

Having a second passport offers more investment and financial options and opportunities. Many countries offer incentives to investors to attract them to their countries. Citizenship Malta for example is one of the famous options and presents great opportunities for investments. Malta is because of its favourable tax regime a preferred domicile for Ultra High Net Worth Individuals.

Having a second passport or citizenship Antigua can also protect you from potential harm. This is especially the case for countries that are heavily involved in international affairs. Citizens of these countries can be targeted should they find themselves at the wrong place and at the wrong time.

Visa free travel is also an attractive prospect as the visa acquisition process can be long and tiring. Countries such as Vanuatu offer access to 110 countries visa-free. Furthermore, is Vanuatu one of the best tax havens.

There are many more benefits to getting a second citizenship so it is worth consulting with an expert citizenship advisor such as Citizen Lane. This company can help you narrow down your options, and find the best investment options for your citizenship or residency for your individual and specific situation.