Investing in secondary citizenship or residency if you are a high net worth individual, entrepreneur, artist, or celebrity can empower you and your family to become Global Citizens. Covid-19 has altered how we live, travel, and conduct business. It is about doing what we can right now to set ourselves and our families up for success, security, and visa-free travel.

 

Why is Global Citizenship so popular?

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• A Plan B – A second passport is considered the ultimate back up plan if your home country is impacted by political or social unrest or if it has a health care system that has been overwhelmed by a global pandemic. If your country is vulnerable to the above, then having a safe country you can travel to is very reassuring and invaluable.

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• Visa-free Travel – If you hold an Indonesian passport, you can travel to around 24 countries visa-free, a further 38 with visa on arrival but 135 countries require the holder to obtain a visa in advance. Applying for a visa can be arduous, inconvenient, and timely, and quite often it dictates where you travel to or conduct business. In comparison a secondary passport from a Caribbean region country would provide you access to 56 destinations with visa-free travel, 31 countries with visa on arrival access and only 109 countries would require you to obtain a visa in advance. Typically, the UK and Schengen (Europe) are among those countries you can travel to visa-free. Imagine being able to travel and conduct business globally without the restrictions you have become accustomed to.

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• Tax – Although dual citizenship does not automatically lower your tax bill, it can be an essential part of your overall tax strategy and provides investors with an option to manage their wealth.

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• Family and retirement – The majority of programs include the principal applicant and their dependents; in some cases, it can incorporate children over 18 and elderly parents allowing your family to benefit from greater global mobility, economic opportunity, quality of life, and improved personal security.

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• Education - Suppose you aim to provide the best education for your children. In that case, a second citizenship can give access to a range of leading schools worldwide with domestic rather than international tuition fees.