Why get a second passport

Why get a second passport

July 13, 2018 Off By Dee Yonker

Do I need a second passport? This is a question that bugs most of us. But thanks to some governments and the media most of us view the acquisition of a second passport as something negative. However, on the contrary, obtaining a second passport opens a world of opportunities to you. It gives you access to new business opportunities, helps you grow and protect your finances from excessive taxation, safeguards your privacy and in short, it avails to you a better and more flexible lifestyle.

What are the benefits of getting a second passport?

1. New business opportunities

There is an abundance of business opportunities across the globe. Second citizenship opens you to a plethora of entrepreneurial expeditions. It avails to you the opportunity to fulfill your dreams of global business expansion.

A second passport will reduce your taxes and protect your assets. It provides for stronger financial privacy, increased safety and security, more diversification of investments, higher returns in carefully selected markets and a more friendly tax regimen.

2. Visa-free travel

It is everyone’s dream to travel the world without the lengthy paperwork and expense that comes with visa applications. A good second passport will give you visa-free access to a host of countries. For instance, a Vanuatuan passport will give you access to 122 countries. A second citizenship gives you the freedom to travel the globe and explore new territories without the bureaucratic hassle that is associated with visa applications.

3. Safe haven

Many countries today are in the midst of political turmoil, social unrest and economic strife. There are many people across the globe who desire for an opportunity to live and reside in a country that is committed to the rule of law and offers protection to its citizens. A second passport will not only enable you and your family to live in a country that is politically and economically stable, but also comes in handy when your home government starts restricting the movement of citizens.

4. A guarantee for the future

A second passport guarantees you political diversification benefits that are bound to last for generations. Obtaining second citizenship that can be passed on to your children and future generations ensures economic wellbeing, protection and access to quality healthcare and education from some of the most prestigious schools in the world. Your entire lineage will enjoy the benefits that global citizenship has to offer.

5. Renunciation

You may decide to take a bold step and renounce your citizenship. People renounce their citizenship for various reasons including; Excess taxation, joining the armed forces of another country, working for a foreign government, making an oath of allegiance to another country among other reasons. Renouncing your citizenship will give you the opportunity to take up a second citizenship that will save you from the political, economic and regulatory restrictions imposed by your home country.

6. Home away from home

A second passport offers you an opportunity of turning your dream destination to your new home. It allows you to become part of a diverse and multi-cultural society. In this new country, you are guaranteed of a better quality of life where the government does not encroach on your business and private affairs. For more information on how you can acquire a second passport or second citizenship please call us today.