Second PassportGCI - Global Citizenship Investment
Having a second passport can bring lots of advantages as visa-free travel by overcoming your current restrictions. Therefore, a second passport can be particularly helpful if your business requires frequently travels around the world. Also it is a big asset in case your current country is politically unstable.
If you are in the situation where you cannot get or renew a passport in your home country (e.g. political instability, civil war, etc.), the right to another passport can be the best choice. Even by simply loose your passport, it may take some time until you can get a replacement, and having another passport may be crucial. Or another example, if you require a visa and you have already sent your passport to a foreign embassy or consulate for processing, you cannot travel overseas during that processing time – unless you have a second passport.
Other reasons can be your privacy if the country of your existing passport is intruding into your personal affairs. Alternatively for unfortunate situations, if you are a potential target for terrorists or criminals due to your current nationality then a second passport could also help alleviate this problem and improve your personal security.
A second passport from a small, peaceful country, can even save your life when travelling and in times of political unrest, civil war, terrorism or other delicate situations. For these main reasons, many international business and active people consider it the best life insurance money can buy.
In nowadays, acquiring a second citizenship is a wise decision and a very good investment for the future. Your chosen citizenship is for life and your spouse and children can be included, there is no need to give up your present nationality while you enjoy the benefits of a legal second passport. However, it is advisable to check the laws of your current country of citizenship to ensure that you are entitle to legally acquire a second nationality.
If your current nationality taxes your worldwide income, then a second citizenship can be the option for ensure your wealth protection.
TCME Group Worldwide and its Departments understands the various reasons why you may want to obtain a second passport and can give the proper advice in your particular case, pursuing your best interest and needs.