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Five Benefits of a Second Passport

April 6, 2022

Table of Contents

Visa-Free and Easy Travel – For business and leisure

As the world becomes a more global entity, travelling on short notice, whether for business or personal reasons, can become a tedious and long process if a visa is required. One of the benefits of having a second passport is the ease of being able to travel to a variety of countries without the hassle and costs of having to obtain a visa. Through Passport Legacy, a second passport through a Caribbean citizenship by investment program or a European residency by investment program allows you to travel visa-free or obtain a visa-on-arrival to more than 135+ countries. In order to be able to do business with other countries with ease, having a second passport from Turkey or Grenada through Passport Legacy will entitle you to enter 150+ countries without a visa or obtain a visa on arrival. Getting a second passport from either of these countries further enables you to get an E2 investor visa from the USA.

Educate Your Children in Europe

Whether citizenship-by-investment or citizenship-by-donation, having a second passport will allow you as well as your dependent and children to access education in that country long-term. Gaining a second passport from Portugal, Malta or Greece, you and your immediate family members will be entitled to study, live and work anywhere in the European Union. Your children will be provided the opportunity to study at some of the most prestigious universities in the world.

Having a Backup Plan

Incredibly topical at the moment, having a backup plan is important. Countries that offer citizenship by investment allow you to hold dual citizenship and a second passport from Antigua and Barbuda allows the applicant to apply for their family members as dependents and children under 30 years of age as well as parents above 55 years of age. A second passport from such a country provides safety and security for all members of the family to migrate to another country and still have your citizenship from your home country. The COVID-19 pandemic is an apt example of how citizenship-by-investment increased the demand and need for a second passport.

Pave The Way For The Future Generations

Investing in a second passport today can mean that future generations of your family get the opportunity to automatically have that passport as well. Your investment today can grant future generations abundant benefits as they will be able to study, work and live, for example, at reputable universities throughout the European Union. Travel will become hassle free and they will have no need to acquire a visa to travel to a minimum of 110 countries.

Avail Tax Benefits

A large benefit of having a second passport is​​ paying minimal taxes on capital gains and wealth. Acknowledging that you would have to pay taxes in your country of residence, having a second passport from St. Kitts & Nevis exempts you from paying capital gains, inheritance, and foreigner income tax. Furthermore, it is positioned as a great investment for a second passport allowing you to sponsor children under the age of 30 and parents over the age of 55.

Overall, there are multiple benefits of having a second passport that enable easy travel for work or leisure, and can undeniably provide assured benefits for future generations of your family in more ways than one.

About Passport Legacy:

Founded by Jeffrey Henseler, Passport Legacy is a Swiss boutique firm with over 25 years of combined experience in the citizenship-by-investment industry. Headquartered in Dubai, UAE with supporting global offices in Nigeria, Pakistan and Lebanon, Passport Legacy is a CBI company providing a range of tailored professional services to its private clients including the acquisition of alternative residences or citizenship as well as real estate. Through its highly-knowledgeable and experienced Client advisors, who are available to call and text 24/7, Passport Legacy facilitates access to over 150 countries.

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Other Programs We Offer

Passport Legacy is a trusted residence and citizenship by an investment firm recognized for delivering best immigration services globally. Passport Legacy specializing in citizenship and residence by investment programs, comprises internationally licensed lawyers, investment advisors, and immigration experts. Our dedicated team of professionals are recognized for delivering the best dual citizenship,passport and visa services. Trust Passport Legacy to be your reliable partner to support on your path to a successful global future.

Frequently Asked Questions (FAQ’s)

What is the difference between citizenship and residency by investment programmes?

Citizenship by investment programmes may not require physical residency and can grant citizenship within 2 to 6 months. Residency by investment programmes grant residency within 3 months but not citizenship. To obtain citizenship through residency programmes, applicants must comply with legal requirements, such as residing in the country for a certain time and paying taxes. However, not all residency programmes lead to citizenship, as it's at the discretion of the government.

How much does it cost to apply for a second passport?

The minimum investment for a second citizenship by a single applicant is USD 100,000 which is the cost associated for for St. Lucia and the Commonwealth of Dominica's CBI programmes. Please contact us for an exact price breakdown.

Do we need to pay the full amount upfront?

Passport Legacy's CBI programmes require payment in three installments. The first payment is 5%, the second payment is 25%, and the final payment, which amounts to 70% of the total cost, is due after receiving Approval in Principle.

What documents are required?

To start the process, applicants need to provide us with KYC (know your customer) documents such as a passport copy, birth and marriage certificates, police certificates, bank reference, and health clearance. Some documents may require translation or legalisation, but our client advisors will guide you through the process.

Do I need to renounce my original passport?

Acquiring a second citizenship by investment in any country does not usually require renouncing one's original nationality under the citizenship law of the country where citizenship was obtained through investment.

How do I book an appointment for a consultation?

You can reach us by phone or email anytime. We currently have offices in the UAE (Dubai), Nigeria (Lagos and Abuja), Lebanon (Beirut), Singapore and Pakistan (Lahore). We are due to open a branch in Europe in the near future.

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Take the first step toward securing your global mobility with a trusted advisory team dedicated to discretion and long-term strategy. Reach out with any questions, and a member of the team will be in touch.

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