Until the 21st century, dual citizenship was pretty much the sole domain of three types of people; the Economic Migrant, the Sports Star and the Celebrity.
Historically and traditionally these are people who have left the country of their birth for economic or civil rights reasons, and have then lived and worked for a long time in a new country and made it their home. Most will marry, have children and lay down new roots.
Example: the Chinese family that runs that store that sells everything cheap and opens on Sundays.
These people usually come from poor working-class backgrounds, often in impoverished countries, but had the raw physicality and talent to become hugely rich and successful in a country where the sport they excel at is massively popular.
Examples: the Dominican Republic’s Pedro Martinez in Major League Baseball is a US citizen, Argentinian soccer idol Lionel Messi of FC Barcelona holds a Spanish passport, and Czechoslovakian-born tennis idols Martina Navratilova and Ivan Lendl are also both US citizens.
These are people who are often successful in their home country, but are still ambitious enough to wish to excel in a larger country with a bigger and more lucrative market. Examples: Britain’s Anthony Hopkins, Austria’s Arnold Schwarzenegger and South African Charlize Theron all hold dual citizenship and US passports.
The majority of these people be they migrants, sports stars or celebrities have chosen to remain in the country of which they claimed their second citizenship, while still, maintaining their original passport. However, the recent phenomena of economically driven dual citizenship by high net-worth investors is something completely different.
High Net-Worth Investors
High net-worth investors who seek dual citizenship are doing so because they see a second passport as an important and increasingly essential tool in the modern business world. Countries like China and India have massive, vibrant economies that create a great deal of wealth very quickly, but their passports are among the worst performing of any major nation, with an Indian passport granting its holder access to just 52 countries visa-free, and China only 50.
Passport Power Defined
The power of the passport is determined by the number of countries it can access without the use of a visa. The German passport currently heads 2ndPassports.com’s concise and up-to-the-minute World Passport Rankings with access to 177 countries. Indeed most E.U member states’ passports will grant their holder access to more than 160 nations worldwide.
Therefore it is in the best interest of citizens from countries like China and India, as well as those from locations like the Middle East, Africa, Latin America and Asia to aspire to obtain second citizenship to an E.U member state, a move that will instantly expand their business opportunities.
If you feel that dual citizenship is something that would benefit your life, why not contact 2ndPassports.com today? You can do so via telephone or Skype and have an informative chat with one of our representatives. If you prefer you can send a message via email, WhatsApp or Telegram. All of our lines and contact addresses a fully encrypted for privacy and security.
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