Migration House Blog

Second citizenship by investment

[alexjayuk]

UK Entrepreneur Visa - Way to Dreams

The world is changing drastically; everyone here is worried for money. Most of the families have single earning hand and it has become very difficult to survive just on salary as the value of money has depreciated and the luxury we want in our living cannot be enjoyed by working for someone else. The people who do not have dreams to be a part of big business world ultimately have to work for the one who do have dreams of becoming a tycoon. Dream of becoming business magnate is the most significant obsession to be big in life.

Essential Elements in Life

There are three essential ingredients that an individual should have for everything he do in life: Great Idea or Dream, Self Belief and Opportunity. According to Einstein “Imagination is more powerful than Knowledge”, Hence a person should have self belief and urge to seek opportunity for achieving his great idea of great business.

Who is an Entrepreneur?

Entrepreneur is an individual who rather than working as an employee, prefers to take estimated risk on financial basis to earn profit upon his investment in small business. He is the one who organizes and manages business assuming the risk for the sake of earning revenue. But unfortunately, people do have dreams but do not have investment or fail to seek opportunity.

Small Investments - Great Returns

There is good news for those who think big in life. United Kingdom is now providing us all great opportunity of becoming an entrepreneur.  UK Entrepreneur Visa is the way to your imaginations. What you have to do is just to apply and set your business in UK with small investment generating great returns.

UK Entrepreneur Visa is providing opportunity to the ones who are worried even after having a genuine and credible business thought but are out of European Economic Area. You can move to UK with this visa for 3 years and 4 months and required investment funds. UK Entrepreneur Visaalso allows you to bring your family members to UK, set up or takes over running business and do work for it. You can also apply extend your visa for another 2 years. Then what are you waiting for? Apply and enjoy your living by setting up your business in UK.

[alexjayuk]

Invest, Earn and Be a Citizen of a Foreign Country

Getting citizenship in other countries is a nice way to get yourself a green flag for travelling to and from that country. By becoming a citizen one can enjoy the facilities and provisions of that country as well besides the homeland. However, due to security issues, economic crisis and worldwide terror of stranger attacks have taken the countries by storm and they have put strict restrictions in issuing citizenships.

Invest in country and become a citizen

Citizenship by investment is now the most impressive way to get citizenship in no time. Countries encourage foreign investments, therefore they offer citizenship to the people who have money and are willing to invest in their countries.

Citizenship by investment provides the way you can get citizenship easily and quickly in any country.  Cyprus, Malta, St. Kitts and Nevis, Belgium, Antigua and Barbuda are among the countries who warmly welcome the foreigners who come to their countries with investment money. These countries are offering the citizenships to the investors rather easily.

Investment in glamorous countries

Well to be honest, countries like US of America, UK, and Australia are strict in issuing citizenship to the foreigners but these countries also looking for investments. These countries that have strict policies and rules for visa and immigrations even, they tend to welcome the foreign investors more warmly.

How you can invest in foreign land?

A foreigner is almost an alien in foreign land unless and until he or she has connections in that land. Still the question remains that how would you find a consultant who will give you sincere advice on investment. There are multiple areas in which one can invest. Medical, health, education, real estate, IT industry are among the top of the list that encourages foreign investment.

Citizenship by investment is not restricted. So if you have money, you can invest in whichever field you would like. Foreign citizenship enables you get a passport and enjoy the protocols of that country as well. Travelling will become easy for you. In times of any crisis you can always travel from one country to another without any trouble.

Invest, Earn and Be a Citizen of a Foreign Country

[alexjayuk]

Issues involved in Second Citizenship

Second citizenship is a continuing debate on which countries and immigration law makers have different perspectives. Nevertheless, it exists and is considered to be very progressive in many states, particularly the liberalized ones.

With the increased globalization around the world, some diplomacy issues take place as the people of various states travel and work with the authorities of any other country. Every country has its own policies and laws regarding the citizenship that can be conflicting with those of other countries. Even though some countries permit second citizenship and it can be acquired through various means, for example by birth, by naturalization, by marriage, by investment, by treaty or by default.

General issues:

With contradictory laws and policies, it can be permitted at times but still it is undesirable in the case of diplomatic policy. A second citizen may cause some problems if the claims of both countries on that citizen are conflicting. Moreover, it’s obligatory for dual citizens to follow the laws and policies of both countries. Both the states hold the right to enforce their policies particularly when the dual citizen is there. A second citizen is believed to be a citizen of any country in which he/she is currently residing.

There exist some military obligations as well. Military services in one state don’t exempt a dual citizen from military obligations in another state. Conflicting military duties can intimidate one’s citizenship if, for instance, a person’s second citizenship states goes to war with the other one and he serves in the military of enemy’s country then he might have a chance to lose his citizenship of that country.

Resolving Second Citizenship

Since most of the states do not appreciate dual citizenship, there are various techniques countries might settle this issue:

Diplomatic restriction: Children of diplomats shouldn’t be allowed to get citizenship by birth in the state/country where their parents are employed because of international law.

Majority Divestiture: Second citizens should choose which citizenship to adopt after reaching a certain age.

Delayed Conferment: Children not born in their parent’s country can acquire the citizenship once they deplore other citizenships.

  Second citizenship involves certain advantages and disadvantages with it. There also exist a number of complicated diplomatic issues therefore before opting for the dual citizenship study the citizenship laws thoroughly and comprehend the implications before adopting citizenship of some other country.

[alexjayuk]

Investing to Move

Want to explore opportunities abroad? Tired of the economic downturn in your country? Have surplus funds to invest? Looking forward to get higher returns in a more economically established currency? Well, UK investment visa may become the solution to all of these problems of yours. Yes UK does offer the investors to come in their country and invest there. A number of business tycoons look forward to investing their funds in UK and establish their business set up there. There are a number of coordinating agencies that help these people get the UK investment visa. Once they get this visa, they can run their business in UK, earning in British pounds with their families settled there and their children getting education from the renowned universities of UK.

Requirements

The requirement to get UK investment visa is to have a specific amount of funds at hand to invest there. This requirement of amount varies, being something around £100,000 to £200,000 at minimum. The government of UK requires you to have this amount solely as your own in order to invest it there, like it may not be a loan from a bank or something like owned in partnership. However, if there is any such attribute associated with the amount you want to invest there, like if it is a bank loan, then the minimum requirement goes up to at least £1,000,000 or so. Then, this is probably the only kind of application to move to UK that does not require the traditional language certificate (in English language) which is otherwise required in case of any other kind of applications for UK visa.

Advantages

This is one of the fastest and most convenient ways to settle permanently in UK i.e. by making a financial investment there.

The programs through which these visas are provided are legally and officially approved by the government of UK and contain no margin of deception as sometimes happen in case of obtaining education visa.

There are no requirements for the age, education, background, language, race, experience or anything as such to avail this opportunity.

The investor can settle his entire family in UK once he gets this visa through investment.

Once the investment has been made, there are no limitations or conditions on the kind of business you want to run or the number of jobs you need to create.

The economy of UK is ranked number 6 in the entire world and hence provides quite opportunities for the growth of your business and for your dependents as well.

[alexjayuk]

Economic Citizenship: Benefits at Both Ends

You might be wondering what Economic Citizenship is all about. Answer is very simple that when a country or state allows investors to obtain citizenship of it in return of some investment, of course according to the rules and regulations defined by them. Another name for this scheme is “Citizenship by Investment”.

Reasons of launching schemes by states:

Now you may be thinking that why such an attractive offer is given to the foreign investors. The reason is that benefits from such schemes are manifold. You can say that a state induces such schemes when it wants to attract foreign investors and desires to grow its economy with huge capital.

Investors’ side perks:

Now you have got an idea why states or countries design schemes like this. Now let’s see why Investors prefer such regions for their investment business. The foremost reason is that investors who make huge investments; especially which exert great influence on economy in a positive manner, prefer to invest at such places where they think they can go and move easily without the hassle of getting involved in passports or visas management.

Now another concern for investor may be obtaining citizenship of other country for benefits other than business. Like they can build their house there and enjoy their vacations with their family (some program offers citizenship for investor’s family too but not all) in that state or they can shift permanently there.

Beyond Monetary return:

So, by investing here investor not only gets financial benefits, he also gets ease of movement and travelling along with other benefits of being a citizen of that state. There are many states which have launched this scheme like St. Kitts & Nevis, Austria, Cyprus, Bulgaria, some states of UK, Canada, some European countries and many more small or big states.

Research of rules is must:

Every economic citizenship program has different features because programs are designed by every state according to its law, rules and regulation. So, if you think that you can invest anywhere in that state and you will get citizenship then you are mistaken. Because some countries make it compulsory for investors to invest in particular industry in order to obtain citizenship or always set a minimum limit for investment amount. So, first search a lot then go for the investment that will grant citizenship.

[alexjayuk]

Citizenship Investment in Saint Kitts and Nevis

A number of countries have initiated different programs for the acquisition of citizenship based on investment. It pays a direct contribution to the economy and development of a certain country.

Background

The Saint Kitts and Nevis Citizenship by Investmentprogram is the world longest established citizenship program having been developed in 1984. Thisprogram is well managed, legitimate and enjoys approval at international level. The citizenship program is regulated in the Citizenship Act and it has complete support of Sovereign Government of the state.

Legal Considerations

In order to acquire citizenship in Saint Kitts and Nevis the applicant must invest the amount of US$ 400,000 in real estate developments besides paying government charges and other fee and taxes.

All the rules and regulations concerning the citizenship by investment program in Saint Kitts and Nevis are written down in Part 2 of the Citizenship Act 1984. By the help of these stipulations, government organizes a program in which citizenship is permitted to the qualified applicants who fit in the criteria established by cabinet decision.

Dual citizenship

Saint Kitts and Nevis citizens have facility to keep dual citizenship. Moreover, other countries are not given the details about their acquisition of citizenship.

Benefits

Gaining a country’s citizenship by investing in its financial programs is a feasible and permissible manner with which to permit professionals, investors, worldwide entrepreneurs and their families and a great profusion of newfound autonomy.

Personal Freedom

Instantaneous and irrevocable citizenship

Available for all nationalities

Passport and citizenship in a very short period of 3 months

Can enjoy the dual nationality

No need to get residence in the country

Business Opportunities

Facility of tax regime passport

Tax exempted trade with Canada

Currency secured to US Dollar

Tax Free trade with Caribbean

Visa free and instant tour to over 125 countries and territories all over the world

Family Security

Family can also obtain citizenship for life and it can be transferred to the future generations as well

Safe and relaxing environment

Full citizenship status

Known as among the world’s best islands to live

The passport issued by the St. Kitts & Nevis has outstanding reputation and very few passports have been handed over under the Saint Kitts and Nevis Citizenship by Investment programauthorities. This program is very economical for Americans to get second citizenship.

[alexjayuk]

Procedure to Obtain Citizenship by Investment

What does citizenship by investment means?

Citizenship by investment is the act of giving residency to the immigration applicants to invest in their country so that their economy will rise or to form strong relations with other countries. It is also referred as the investor citizenship or economic citizenship.  Many immigrant investment programs have been set up by the different countries for this purpose. One must have a significant amount of assets to enroll in these programs.

What incentives immigrant investors get?

Different countries offer different incentives to the immigrant investors like free education and medical, visa free travel and job or work assurance. The children and spouse of the immigrant investor can also enjoy these benefits. In exchange of investment the immigrant investor also gets residency or second passport.

How to obtain citizenship by investment?

The countries, who offer citizenship by investment, are attracting the foreign investors to invest in their state and to improve the economic conditions of their own land by setting up different businesses, buying properties, making donations and so forth in exchange of citizenship. Every country has its own set of criteria which the overseas applicants have to follow and fulfill in order to get citizenship.  Hence, to obtain citizenship of certain country is not an easy process. Some citizenship investment programs also require residence in the country.

The Role of immigration consultants

There are many applicants who are unaware of the legal processes that are involved in citizenship by investment programs. There are many immigration consultants or agencies that can advise and assist them in this matter. These agencies have experienced personals who guide the potential applicants that how to apply for such programs. They not only help to prepare the application for immigration but also carry out all the legal processes. These agencies also instruct the potential applicants to choose the correct country for their investment.

A word of caution: There are several fake and illegal immigration consultants or agencies.  The immigration applicants have to choose wisely and beware of such agencies to save their valuable time and assets.

[alexjayuk]

The Key Findings of the Living Standards in the UK

The United Kingdom has always been a popular and important country for its lucrative markets, fabulous opportunities, flourished education system, powerful political setup and human rights. That is why a fairly large number of the masses from around the world have migrated to the UK and a large number is still trying their best to get its immigration by all means. Though the UK has placed some restrictions over the immigration matters but still the non UK citizens have the options like UK entrepreneur visa or Tier 1 visa to get them through the gates.

In this blog I am going to discuss the living standards of the people of the UK in accordance to the National Institute of Studies. The report describes the living standards and the income growth of the UK citizens during the last 50 years. It’s an economic principle that the income would go upward as per the growth in the economy. The institute predicts that during the last 50 years they have observed that the mean household income has grown about 1.5% on an annual basis. Moreover the median household net income has grown about 1.3% since 1961.

It is obvious that the income growth always fluctuates over the time so their findings show that during the late 1990s the income growth was at its strongest side, however the weakest has been observed between the years 2002 and 2007. The stats given below would help the migrants and those who are in the queue for departure to the UK to better understand the income growth and the income crisis in the UK. The housing costs always have a great impacts over the living standards. Thus the recessionary period 2008 and so on had a significant impact over the living standards.

Financial years between 2007-08 and 2012-13 were the worst years that experienced the largest falls in mortgage interest payments that caused the huge fall of 20% in the average housing costs.

The renters suffered a lot by spending their income on housing cost 26% more in the year 2007 to 28% in 2012.

Between the years 2007-08 to 2012-13 the median BHC fall in different ranges across the UK, from 8% in Northern Ireland to 2% in the East Midlands where London experienced the smallest fall in housing cost.

So it does not mean that the UK’s economy is facing down fall. It was the recession period who effected the UK a lot but now the time has come to travel to UK. It’s the best time to invest in the UK by choosing the citizenship by investment program or by any means. The real estate sector is on its top levels, the housing prices are going towards their peak levels, and the rental income has been raised by many folds. So keep in touch with your solicitor or advisor to suggest you the best investment options after gaining your UK entrepreneur visa.

[alexjayuk]

The Charm of Having Economic Citizenship

Economic citizenship also called dual citizenship and second citizenship is a new government policy that allows the nationals of other countries to visit, get settled and do business in any other country they were not born into. For example I am a US citizen but I also have the economic citizenship of European Union that means that I can live, work and stay legally in European union too with full rights that a by birth European citizen is enjoying.  So in short I have two home countries: United States of America and European Union.

Although applying for and getting the economic citizenship is a little complex and rather legal process that needs an expert advice to be carried out smoothly and perfectly, I would just like to share some random things that made my process relatively easier. Make sure that my experience is not any substitute to a legal or expert advice so if you are also interested to apply for second citizenship in euro area or any other country, do take services of professional agents.

I feel privileged after becoming the economic citizen of the European Union, like the experience is totally different that when you move from your birth place to some other country nobody treats you as an alien as normally foreign countries do with foreigners. I actually had a family tree that supported me quiet much with all the visa processing and acceptance. I collected all original documents that supported my family association with the euro area and did legal research on my own end too. You should also not go blind to some travelling agent rather do your homework before so that work gets done faster and in a genuine way.

For creation of family tree, do not use any rocket science; make all your family history as clear and readable as possible. In my case I drew it in Microsoft excel that is the most commonly used software these days. I just tried to add all relevant details such as marriage dates, locations etc. secondly every mentioned detail in the family tree was supported by original documents that I gathered up myself although it took some time and efforts but it was a genuine work that I was totally satisfied with at the end.

[alexjayuk]

Think More Than Just Investment

More than just return:

People now are more interested in Investment activities than before. Investors search for investment opportunities and try to get the maximum returns out of their Investment. Now in my perspective, wise investors have gone a step ahead as they are not merely thinking about monetary rewards that they get in return of investment. The other rewards they may get to come as a side benefit of investment done at a particular place.

This perk is “Citizenship by Investment”. There few states or countries which are offering citizenship in return of Investment in some areas of economy which may help strengthen the economic growth of that state.

Island of Opportunity:

There are countries offering such benefit for investment but the best opportunity that a person can grab is by investing in Island of St. Kitts and Nevis as there are some additional benefits associated with it.

This island has the title of independent country since the year of 1983 also known as Saint Christopher and Nevis. The program of Saint Kitts and Nevis citizenship by investment was introduced one year after its independence in 1984.

Well reputed program:

Saint Kitts and Nevis citizenship by investment is known to be one of the most credible programs of Investment. In this, a person is required to invest in business activities with the minimum limit of 400,000 of US dollars or the investor is required to invest in the Sugar Industry Diversification foundation with the minimum amount 250,000 US dollars.

You must be thinking that how this is different from other programs offered under head of Investment by Citizenship. So, answer is that there are many benefits associated with it that other programs may not be offered.

Bundle of Benefits:

Like investor’s whole family gets Visa too, dual nationality is allowed, It is also not important for person to live there constantly to keep citizenship status, an investor will be allowed to trade with Canada free of tax and also to trade free of duty in the Caribbean.

Move around the world:

The most appealing perk provided by this program is that a person holding St. Kitts and Nevis passport is allowed to have the facility of Visa free travel in 125 countries as this country has contracted with 125 countries to provide such facilities.

So, if you are looking for some lucrative form of investment along with a lot of benefits then stop thinking much about it and get your investment ready for Saint Kitts and Nevis citizenship by investment.

[alexjayuk]

My Personal Experience about Second Citizenship

The purpose to write this blog is to share my knowledge with my readers upon second citizenship as I myself am holding dual citizenships of the United States and European Union. The knowledge I have shared here is based upon my personal experience about I have got more than one citizenships.

Owning a second citizenship is a privilege. It is not something that can be owned so lightly and easily. Most of the times, economic citizenship is granted to those who have some real interest to work for the betterment of the country they are going to live in. people say that it is easier for the people who have some family or historical connection with the country to get its economic citizenship. Any association with the country thus can help so maybe you need to look around if you have got some. 

Here I am writing steps I remember I have gone through to get a second citizenship the in European Union:

I had to build a family tree at the first place. I made it in excel with necessary details such as marriage date locations etc. make it clear and readable and that is it.

Collecting and arranging my original documents was a troublesome task. I had to visit different persons and places to collect as many original documents as I could to support my family tree. You can get this help from some agents upon payments I however did this myself, it took time but it was a genuine work.

When my part was done I hired a foreign consulate to guide me through the process of getting embassy applications. Here you definitely need the services of professional agents. Same is the case with legal help; at least one lawyer meeting is good to go.

To be in the system, I first of all attained an EU visa based upon the right of blood I had from my family tree.

As I mentioned above I was US citizen when I applied for EU visa and now I have the dual citizenships of both countries. Only if you want to attain Ukrainian citizenship you will have to abort US citizenship otherwise you will face no legal charge.

You cannot buy EU citizenship so follow the system simply, get your documents translated in their local language and write a strong case for the visa application.

Waiting for the government’s response is difficult however be patient because if it is accepted it would be worth the wait.

[alexjayuk]

Get Citizenship In Some Of Best Countries On Planet Earth!

Are you thinking of buying of buying new citizenship and looking for a new place to move on to? Surely getting a second citizenship in a more safe and peaceful country can offer easy refuge facilities in times of wars and crisis. We have compiled a good list of countries that can be checked out for the reason. Mostly the countries require you to spend appreciable time in a particular country before applying for the citizenship but don’t worry there are some countries which allow you to have citizenship by investment.

Antigua and Barbuda

This small country is known for its one of the safest countries with people having high living standards. Getting its citizenship is no more a dream rather just with an investment of US$ 250,000 you can get the second passport for yourself and your family. The passport validity goes up to five years.  You can also enjoy free visa trips to over more than 100 countries.

Malta

The heavenly place Malta is also offering its place and with only investment of approx EUR 1 million you can get passport. Its process is very fast requiring only three to four months of documentation period after which you can not only become its citizen but can also visit 180+ countries too.

Cyprus

The citizenship by investment through real estate investment in Cyprus is getting more and more popular day by day. Obviously who would miss the opportunity to lay hands on passport of one of the top ranked countries by investing only around EUR 3 Million? Within only 3 months you can get your passport and striking feature is that no residency required for the whole process.

Belgium

Belgium residency program is offering its citizenship too for EUR 300,000. With no restriction on dual citizenship. This place is ideal for those who don’t want to put an end to their homeland citizenship. An easy access to Schengen zone without visa is tempting feature. The Belgium passport can be obtained after five years.

St Kitts and Nevis

St Kitts and Nevis requires an investment of up to $250,000 and one can get to travel as far as Schengen zones along with the UK and Canada. It also doesn’t impose any residency restrictions or dual citizenship. 

There are some countries too which attract foreign investors through citizenship by investment but the programs terminated or resumed with the passage of time. E.g. Ireland’s program was terminated in 2001; Grenada’s terminated in 2001 but reopened in 2014.  

[alexjayuk]

3 Requirements to Get UK Entrepreneur Visa

People strive to raise their living standards and this is often not possible or just too difficult to do while living in their home country. Home countries provide legal protection however, there might be so many lacking in the sources and resources of the country to support higher standards of livings. For people who want to invest in order to obtain good returns and from which they can secure the future of their selves and of their families are often the people who are looking to migrate around.

We believe that migration should be a lot easier than it is today. We know that how difficult it is for an ordinary person to move from one country to another. The sustaining terrorism issues have made foreign governments even stricter with the visa procedures. But still despite of many legal and social issues, it is relatively easier for the people with a good amount of money in hands to move to a foreign country and get settled there.

The UK government demands some funds, legal documents, visa applications, interviews etc before granting UK entrepreneur visa tier 1 category. To be specific you will have to have at least 200,000 UK pounds to invest and start up a new business in the country or to enlarge some existing business. In return of the new business start up or enhancement of an existing business, the interest of the UK government is the creation of at least two full time job opportunities for the residents of the country. The funds to be shown do not necessarily have to be in your own account; you can also ask some third party, family or investor to sponsor your funds requirements.

  Apart from personal funding, visa applicants can also qualify given that they have access to at least 50,000 UK pounds obtained from any regulated venture capital firm working in the country. For any option you pick, you will have to apply for the visa in your country of residence. Once your application has been made, you will be required to pass English language test, show investment funds and personal expense funds. Once you fulfil all legal requirements, UK government will grant you a UK entrepreneur visa.

[alexjayuk]

Second Nationality by Investment

The circumstances vary from case to case but you may need a second passport due to the following facts:

Why apply for second nationality by investment?I have gathered some solid points that will convince you on how second nationality by investmentcan be a worthy investment and how it could be over all beneficial for you and your family. Here are my points if you agree:

Yourpresent passport requires to be renewed every year and shall be processed frequently so why not get a second passport that can be used to travel around when your first is gone for some processing.

Holding a single passport could be dangerous if you are a businessman or a frequent traveler as it could be taken or cancelled by government for some reasons on a permanent or temporary basis so grab the second passport so that you never miss a business meeting.

You might not have the vast possibilities of investing on your only passport. Second nationality will broaden your chances of investing and opening new businesses.

You abide by the rules of the present government you are holding the visa of such as increased taxation of assets, capital invested and personal income. So to overcome such unpredictable moves of your present government you shall be having alternative choices.

Unstable political or economic situations can be avoided by moving to the other country you are economic citizen of. Remember that single citizenship makes you open to terrorist targets.

Present government can limit your travelling rights or require troublesome documentation.

If you belong to some unpopular or third world country, then your present visa can make people to have a negative attitude towards you. So apply for some popular established country and it will change your image completely.

Think of your family and children. Your children would be happy to reside in the present country. Are you sure?

Your nationality forces you to serve public authorities. Are you ready for that? If not then think of any alternative comfortable residence.

You would surely like a Second nationality by investment that offers you visa free travelling to hundreds of other countries.

[alexjayuk]

Second Nationality – Why and How?

The basic principle for being a citizen of a country requires a birth within that country, descent from a citizen parent, marriage to a citizen and naturalization. The procedure and requirement of naturalization vary from country to country. Mainly the requirements are long-term residency or family relationships.

People mainly opt for their second nationality through investment. It is a simple and doable procedure through which people acquire nationality of other countries. The requirement is that a person must invest in a country for the sake of acquiring the citizenship or nationality of that particular country. The investment should be real and long-term. From the term ‘real’ it means that the investment should be such that it should have a monetary value. For example an investment in the stock market has no monetary value as such. However, an investment in the form of real estate is an investment which has a monetary value. So, monetary investment is a requirement for the nationality of a country which people utilize as a second nationality.

Acquiring a second passport can expand rights and freedom. There are a lot of advantages of a second nationality, such as, free world travel and fewer problems from officious border guards or investigations of custom and immigration officers. Another remarkable advantage of a second nationality is that one can reduce taxes and increased asset protection and it could even protect your life. A person that holds dual nationality has a freedom to travel to any place and has a right to live and work in a normal society.

A second nationality is seen to be more adopted by people these days. People are becoming aware of the advantages of second nationality which initiates them to get another citizenship so they can enjoy those advantages. In this global village, people are free to go anywhere in the World with ease as compared to the past, as there are a lot more facilities and people feel it easier to go for a second passport. People who have a second nationality mostly belong to America, as Americans are fond of travelling in other countries, so they enjoy their second nationality.

[alexjayuk]

Quick Guide on How to Get Latvian Citizenship by Investment

Northern Europe holds a beautiful country named Latvia that joined the grand European Union (EU) in 2004 and since then it is its member state. The Latvia country has been using its own currency and not the Euro currency that all other European Member states use, the name of the currency is the Latvian Lats denoted as LVL. Currently one Latvian lat is equal to 2.08 US dollars.

And if I have to say how attractive Latvia is then here are some major attractions:

Latvia is a member state of the European Union (EU).

The visa holders of Latvia can travel visa free to all other states of European Union (EU).

Visa holders can also have the opportunity to invest in real estate.

Residency and other living needs are affordable in Latvia

Good news for visa seekers! The country now offers the Latvian Citizenship by Investment. By July 1, 2010 the Latvian parliament introduced a second citizenship program for investors from all over the world. According to the Latvian Citizenship by Investment program, the citizenship offers investors residency as well as visa free travel to all Schengen countries and the European Union member countries.

As far as I have gained knowledge about the Latvian second citizenship program for investors, the residency is allowed to visa holders who are given TRP; TRP stands for temporary residence permit. The second citizenship visa holders are required to either start a new business in the country, or invest money in real estate or the third option is to deposit money in Latvian bank.

The terms and conditions are as below:

Investor shall deposit 200,000 Latvian lat which is equal to 300,000 Euros in Latvian bank.

Investor shall invest in real estate in the country; for other major cities the investment shall be minimum 72,000 Euros plus for inner major cities the investment shall be minimum 100,000 Euros.

Investor shall set a new business setup that has total minimum value of 36000 Euros.

Any one of the above mentioned criteria has to be met in order to get Latvian Citizenship by Investment visa. Remember friends that these government requirements are set to change frequently so make sure that you get the official details from authoritative government bodies.

[alexjayuk]

The Lure of Holding Multiple Citizenships

It is quite normal for the people applying for visa of the countries other than their home country. Such visas just require you to spend money on the given charge of defined process and show some funds in the bank account however there is a brighter concept for people who have got some good amount of money in their hands and are looking for profitable opportunities, the concept I am talking about is Second Citizenship.

The concept of Second Citizenship was originated when two countries agreed upon some common consensus and allowed each others’ citizens to become the economic citizens of the counter country. This is also called economic citizenship which can be bought given that the legal stated requirements have been fulfilled. Remember readers that these citizenships are in sales and are different from the citizenships that are provided to foreigners upon marriage with their locale or upon the birth of a new born.

Multiple citizenship, dual citizenship, economic citizenship and Second Citizenship are all alternative names of a same concept. For people who are interested to hold second or multiple citizenships shall know what countries are on the list that offers their economic citizenship to foreigners. There are two types of groups of the countries; one group freely offers their citizenship to foreigners without any restrictions of losing their first citizenship, in short allows their candidate to hold dual citizenship; the other group of countries however does not allow their visa applicants to hold dual citizenship and thus impose a restriction of losing first citizenship.

Dual citizenship is offered either open investment in real estate, or funds deposition in local country banks or upon the start up of a new business. You can search online for the countries that fulfil your desires and requirements regarding Second Citizenship. Every country has its set of rules and regulations regarding citizenship programs; some demand heavier amount of investment from the applicants while others give some relaxation. The investment, according to the requirements of the government policies could be in real estate, in local banks or in some entrepreneurship program.