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Discover The Advantages of A Second Passport From Our Immigration Lawyers

Last Updated: April 12, 2021

Acquiring a second passport and gaining dual citizenship has been popular among many people in recent years. Getting a second passport provides you with additional possibilities for where you can work, study, or simply stay.

 

Many Caribbean nations like Saint Kitts and Nevis, St. Lucia, and Grenada, enable those who are willing to invest in their country to reside there with their families, as well as own property and work there.

 

Citizenship by Investment is a method of obtaining a second passport and beginning a new life with greater chances in a new nation.

 

Reasons To Seek A Second Passport

An increasing number of nations host Residence and Citizenship by Investment Programs, also known as golden visa programs, which provide a choice of appealing investment possibilities tailored to each family’s specific needs. In an unstable, ever-changing world, affluent individuals require a plan B for themselves and their families, one that provides them with a safer location to dwell in times of disaster while simultaneously increasing their access to global business and lifestyle possibilities.

 

Investing in other countries throughout the world provides both short-term value and long-term return. The more your access, the more diverse your assets will be, and the lesser your exposure to global volatility will be.

 

To pick the ideal program for you, you should consider all of the benefits. The finest citizenship by investing program is one that allows you to save money while achieving your goals in a responsible manner. Citizenship by investment is also popular among business owners looking to expand into new markets. This is especially true for IT entrepreneurs, who may require a second passport to continue their ventures.

 

Famous Caribbean Countries To Consider

 

  • Grenada

Grenada Citizenship by Investment was established in August 2013 when the Grenadian Parliament enacted the Citizenship by Investment Act. Obtaining a second passport from Grenada permits you to travel visa-free to 144 countries, including China, Hong Kong, Singapore, the United Kingdom, and the Schengen Area of Europe. It is the only Caribbean citizenship by investment system with an E-2 Investor Visa Treaty with the United States, allowing citizens to apply for a non-immigrant visa. In his or her application, the principal applicant may include a spouse, children under the age of 30, unmarried siblings aged 18 and above, parents, and grandparents. Citizenship of Grenada can be passed down to future generations. Applicants for Grenada Citizenship by Investment must either make a significant economic contribution to the country or buy a government-approved qualifying asset. In exchange, the candidates and their families will be awarded citizenship, subject to a thorough assessment, including extensive background checks.

 

  • Lucia

Saint Lucia is an Eastern Caribbean island nation known for the Pitons, a pair of radically tapered mountains on its west coast. Its coastline features volcanic beaches, reef diving areas, luxury resorts, and fishing towns. St. Lucia is a Commonwealth and CARICOM member with great aviation connections to Europe and North America. Visa-free travel to 146 destinations, including Europe’s Schengen Area, Hong Kong, Singapore, the United Kingdom, and many more, is one of the numerous advantages of possessing a St. Lucian passport. In addition, an applicant’s profile may contain a spouse, children under the age of 31, siblings under the age of 18, and parents aged 56 and above. The program offers low investment and processing fees. Applicants must make a significant economic contribution to the country to be considered for the program. The Saint Lucia National Economic Fund accepts the applicant’s whole investment (NEF). These funds are subsequently utilised by the government to fulfill the national development goal. In exchange, the candidates and their families are awarded full citizenship, subject to a rigorous application procedure and due diligence requirements.

 

Famous European Countries To Consider

 

  • Malta

Malta is an archipelago in the central Mediterranean, located between Sicily and the coast of North Africa. It is a country renowned for its historical sites associated with a variety of monarchs, including the Romans, Moors, French, & British. Malta has a fantastic reputation for its beautiful climate, peaceful environment, and high quality of life.  One of the many advantages of choosing the Malta Investment by Citizenship Program is the ability to live in an EU nation and travel visa-free within Europe’s Schengen Zone. After obtaining a second passport, the applicant will be able to reside in Malta for an indefinite period. Another advantage is that the initial investment is only required for the first five years. One can bring his family, including his spouse, children, and parents/grandparents to the country. To qualify for this program, the candidate must have enough financial assets.

 

The application’s processing period normally ranges between 3-6 months.

 

There are other additional Citizenship by Investment Programs available, including Dominica, Vanuatu, St. Kitts and Nevis, Portugal, and many others. Our immigration attorneys are well-versed in the procedure periods as well as how to analyze and construct a profile to obtain citizenship in the forenamed nations.

 

Why Choose ACE

We are your one-stop destination for all of your company immigration and second passport requirements. Ace Luxury Immigration Solutions is a Canadian immigration agency with offices in Canada, Pakistan & Dubai that specializes in the most in-demand sectors of immigration and citizenship by investment. Our highly skilled, well-trained, and immensely experienced team of Immigration Lawyers and specialists will offer you with specialized services based on your unique immigration or rapid Second Citizenship requirements. Because obtaining a second passport is a document-intensive procedure, we will assist you in organizing your documentation so that your application is easily processed & granted.

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