Saturday, May 30, 2009

Second Citizenship

By Frederick Johnson

History.

In an increasingly global world and global economy, the subject of having a second citizenship with the second passport and immigration rights that comes with it is becoming increasingly common. This article will explain more about this increasing phenomenon and how you can be involved.

Second Citizenship. What is it?

To be a citizen of a country means many things. It means, first and foremost to be a participant in that country. This means different things in terms of land, finance, business, political and legal rights, and it will vary slightly from one nation to another depending on a variety of internal and external factors, as well as the history of that nation.

Many nations however, allow for what is known as second citizenship. This is a process whereby a citizen of one state is allowed by another state to also be a citizen of that state. There is usually a financial cost in relation to this (which varies hugely from country to country) and the conditions of that citizenship vary.

This can often be a very effective way of gaining immigration to a particular country as well as in getting a second passport. A second passport will often open up new financial, employment and investment opportunities, and this is a very common reason for individuals to seek to acquire second citizenship.

There may also be reasons why traveling on ones primary passport may be problematic. This can particularly be the case if the country of first citizenship is in civil war or war with another nation, or if traveling under the passport of that nation is problematic for other reasons (e.g. target for terrorist). In these cases, second citizenships can be very useful.

There also may be financial restrictions that make a second citizenship with a second passport advisable, if for example that allows the opportunity to open up a foreign bank account away from restrictive taxation legislation.

Second citizenship is more likely to appeal to those who have considerable funds as mentioned above, and in fact it can be a very expensive process, making those who have such funds in a much better position to take advantage of what can be a very lucrative, but initially very expensive opportunity.

Ways to Apply for Second Citizenship.

If you are interested in pursuing the possibility of second citizenship, a second passport and immigration rights, it is such a lucrative industry that there are many organizations out there who will be able to help you. Of course, because it is so lucrative, there are also some who are just willing to part you from your cash, so some extensive research is in order to make sure that you are dealing with the right people for your enquiry.

The costs of such an enterprise will deter the casual enquirer, as it runs into the tens and sometimes the hundreds and thousands of pounds, depending on the country of choice, but for those who have the funds, there is every possibility of being able to gain second citizenship in a fairly short period of time legally and appropriately.

Conclusion.

There is definitely a challenge in trying to gain second citizenship, along with a second passport and immigration rights, but for a determined individual who is willing to do the requisite research and who has adequate funds, it is more than possible, and in many cases will be a desirable option in order to increase your options in business and financial terms.

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