Second citizenship has become a popular choice for high-net-worth individuals looking to invest their money in good opportunities. There are many benefits of second citizenship, including living and working in another country, travelling freely, and access to better education and healthcare.
Second citizenship can also provide a sense of security and stability, especially for those from countries with political or economic instability. In addition, second citizenship can offer opportunities for investment and business growth.
Thanks to the Citizenship by Investment programmes offered by over 20 countries worldwide, foreign nationals can now take advantage of second passports and all their benefits depending on what they’re seeking. Anything from residency permits that allow you full access to your country’s economy to simply an opportunity for visa-free travel is possible with citizenship by investment programmes.
Whatever your reasons, second citizenship can offer many benefits. In this article, let us explore a few of the benefits of having a second citizenship.
Thanks to the Citizenship by Investment programmes offered by over 20 countries worldwide, foreign nationals can now take advantage of second passports and all their benefits depending on what they’re seeking. Anything from residency permits that allow you full access to your country’s economy or simply an opportunity for visa-free travel is possible with this type of investment programme.
1. Improved mobility has made travel easier.
Having second citizenship is not just appealing but a dream come true for people who often travel. It allows you to see new places and experience different cultures. Having second citizenship allows visa-free travel and access to multiple countries, which boosts opportunities and has potential financial benefits in saving on visa fees or avoiding them entirely!
Having the freedom to travel, live, and work in multiple countries is a huge advantage if you want to live and work internationally or retire in another country.
Depending on their passport, foreign nationals with second citizenship can get visa-free or visa-on-arrival access to several countries. If they come from a country with an excellent credit rating, the odds are that they would have a very powerful passport.
For example, Malta’s passport, which can be acquired through the Malta Citizenship by Naturalisation for Exceptional Services by Direct Investment, ranks fourth in travel freedom worldwide. Holders of the Maltese passport may travel visa-free to 144 countries, 31 visa on arrival countries, and 11 countries with electronic travel authorisation. Note that the list of visa-free countries and the requirements constantly change, depending on the geopolitical situation.
If you’re looking for an excuse to pack your bags and see the world, remember that holding second citizenship can make travelling a breeze.
2. There are endless business opportunities out there.
Having second citizenship is a great way to open doors and explore new entrepreneurial opportunities. Access to new markets, both established and emerging, comes with second citizenship. If you have a business that relies on international trade, having second citizenship can open doors to new business partners and customers.
The European Union has some of the most significant economic zones. Those looking for opportunities to expand their business ventures in other jurisdictions can find more success stories than failures. With a wide array of industries available for businesses, it is always worth looking into second citizenship.
In Malta, foreign nationals with citizenship can prosper in unique industries. From iGaming, Medical Cannabis, and the rapidly growing real estate industry, plenty of business opportunities are available in all sectors! These industries are well-supported by the country’s strategic geographical location, consistent economic growth and a highly skilled workforce.
3. Having a second option is like having two first choices.
In today’s uncertain world, it’s always good to have a backup plan.
Second life is the ultimate insurance. It’s an invisible safety net to allow for a more stable or desirable lifestyle elsewhere in unforeseen circumstances such as market crashes, natural disasters, political unrest and other emergencies. Peace of mind is invaluable amidst the world’s uncertainty. Having second citizenship allows one to live and work in a stable and secure country.
Malta joins the list of best countries for non-European nationals aiming to acquire a second residency or citizenship in terms of safety. The country offers excellent financial benefits to those who become Maltese citizens. Malta distinguishes itself with its robust economy, its strategic position in Europe and its family-friendly environment.
4. Access to quality education and healthcare is vital.
Through second citizenship, you can take advantage of education and healthcare benefits not available in your home country.
For families with children, access to quality educational institutions can be a significant advantage. Providing the best quality education for your children means opening a brighter future for them, complete with limitless opportunities.
The Global Partnership for Education (GPE) has stated that education plays a crucial role in human, social and economic development. These are just some reasons families want second citizenship – to provide their children access to world-class educational systems without sacrificing time spent abroad or family unity.
It is no surprise that Malta has one of the most educated populations in Europe. The country’s top-ranked educational system includes State, Church, and International Schools and several universities, including Malta University, ranking among the best at regional and global levels.
5. Preserving the family legacy is a duty.
The family legacy is an integral part of their identity for many people. The best way to guarantee a prosperous future for your children is second citizenship. This plan goes beyond establishing trusts and foundations or who controls the business; it’s passing on everything great from one generation to another!
Malta has a great deal to offer its citizens and is also very generous with foreign nationals who want their children to live in the country. Suppose you have at least one parent with Maltese citizenship after your birth. In that case, it can prove easy for you to become naturalized. That means getting second citizenship in Malta also promises future generations the right to live and work without barriers or restrictions within the nation’s borders.
6. Retirement is the time for new and exciting changes.
The retirement years are a time to relax and enjoy the fruits of your labour. Unfortunately, retirement can also be a time of financial insecurity. It is vital to create an ideal retirement plan carefully.
One of the most critical topics on everyone’s mind is choosing an ideal place with excellent quality of living. All while still having visa-free access into other countries just in case they need it later down the line. Moreover, the place where one has lived in the past can lead them to what they seek. It could be a great environment, climate, and lifestyle that you desire for your retirement years. If one has already made money, it’s high time to enjoy it.
The Malta Retirement Programme allows retirees to take advantage of all the country offers. In addition, you get access to an island nation in the Central Mediterranean Sea rich with history and culture that’s perfect if you want some sun on those golden sands!
7. It’s a luxury to establish a status symbol.
Second citizenship can be a valuable asset, both financially and emotionally. For some people, having second citizenship is seen as a status symbol. A high-status symbol leads to being treated best and making the most out of one’s options. More freedom means more power. One can own real estate properties, yachts and ships, enjoying all the benefits of ownership.
The same goes with acquiring a second citizenship, as it is a status symbol to add to the list. It can also be a source of pride and satisfaction, knowing you’re a citizen of two countries. Having second citizenship gives a person a chance at the best life available. It brings a person to the gateway of maximum career and business opportunities.
8. It’s a way to connect with your heritage.
If you have ancestors from another country, second citizenship can give you a connection to your roots. It can also help you learn more about your culture and heritage.
Malta Naturalisation for Exceptional Services by Direct Investment
Choosing the right country is essential when deciding upon your second citizenship. Each country has its benefits, depending on your lifestyle, business and other determining factors. Malta offers an exceptional citizenship by investment programme.
The Malta Citizenship by Naturalisation for Exceptional Services by Direct Investment offers business, travel, settlement and family security. The Malta Citizenship by Naturalisation is a certificate or regulations permit granted to highly talented high-net-worth individuals and their families who contribute to its economic development. With this programme, applicants can obtain residency in Malta, leading to citizenship by naturalisation.
You have two investment options to acquire citizenship in Malta:
- Apply for citizenship after one year (12 months) of being a resident of Malta with a contribution of €750,000 payable to the government of Malta.
OR
- Apply for Maltese citizenship after three years (36 months) of being a Maltese resident with the contribution of €600,000
The granting of Citizenship for Exceptional Services regulations is limited to 400 successful applicants per year, capped at 1,500 for the complete regulations.