Benefits of dual citizenship
Dual citizenship holders can receive the benefits of both countries. They can have access to two social service systems, can vote in either country. They are also allowed to work in either country without needing work permits or applying for visas. They can attend educational systems in both countries at the citizen tuition rate.
Having two passports opens an array of additional countries to visit as it eliminates the need for visas. It guarantees the ease of entry to both countries and the countries with which they have a visa exemption agreement.
Property ownership is another important privilege for holders of many passport as some countries restrict land ownership to their respective citizens and as a legal citizen of two countries, you would be able to purchase property in both countries.
If you are a dual citizen, you can enjoy the protection of two governments. When travelling, you can appeal to one or both governments’ embassies if you have problems.
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Why the Caribbean
The first countries that offered citizenship by investment programs are the Caribbean islands. These western tropical vacation countries were transformed by generations of visitors and investors into a crossroad of international cultures.
There are many countries that offer citizenship opportunities worldwide but choosing a Caribbean passport over those offered by European countries may have its advantages.
Compared to other programs, the process time of these applications is very fast, as short as three months is enough for you to be granted a citizenship. This option is relatively cheap for investors, as the amount needed for investment is far less than the ones asked for in Europe. And unlike other programs, you do not have to travel nor reside in the respective country that you have chosen. By then, you are instantly granted access to around 130 countries visa free.
In an ever-changing world like ours, and on a fast-paced geo-political transformation that our country of origin has or might go through, assuring security for the family is a need and not an option. These islands are a true example of sustainable future for they offer a growing food production with natural ingredients and a developing green energy sector.
If you are thinking about an international wealth preservation strategy, the Caribbean countries are a great place to be. These islands are a tax-free haven for investors, no foreign income, wealth, gift, inheritance, or capital gains tax.
These passports are a great means for education, where children and young adults have a bigger opportunity of studying in the top schools and universities of the world.