From freedom of movement and family legacy to tax efficiency and investment opportunities, the new CBI Guide highlights the benefits of obtaining second citizenship.
In times of turbulence, be that economic, political or social, having a plan B is a smart move, providing you and your family with a get-out option if things go pear shaped in your own country.
Freedom of movement
Freedom to travel is the ultimate luxury, but it can be complicated or even restricted for many nationalities requiring travellers to apply for visas, which take time and can be expensive. A second passport can therefore secure easier and increased access to countries, with visa-free or visa-on-arrival options.
Right to residency
In a severe economic downturn, keeping your business and assets in an unstable country could be dangerous. Therefore, holding a passport to a country with economic stability is a benefit, allowing you to relocate your assets to a more stable nation should things go wrong in your own country.
Having access to high standards of education, especially if free, is one of the most valuable assets of second citizenship and particularly for families.
From company expansion to property investment, entrepreneurs and businesspeople need frequent travel. Securing a second passport gives you access to more pro-business countries and therefore more potential customers.