Second citizenship is a wealth planning tool designed to protect wealth, provide greater visa-free travel access and improve the education prospects of young family members. Families around the world are increasingly looking to have backup options should they need to relocate in order to protect themselves from political instability or future pandemics.
For the purpose of protecting family wealth built over generations, and for protecting families from future wealth taxation, second citizenship is an important wealth planning tool in the 21st century for high-net-worth individuals.Second citizenship allows you to enhance your visa-free travel, or pick up your second passport to travel with ease to your next business meeting.
The E2 visa route is ideal for families who do not wish to invest $900,000 through the EB5 route and wish to avoid the long processing times of other USA residency visas.The education benefits of second residency are another major reason that families choose to obtain second residency. A second passport gives you visa-free access to over 140 countries, allowing you to travel immediately to another country to receive urgent medical treatment should you need to travel. The peace of mind this gives is another key reason that more and more people are seeking out their options with regards to second citizenship.
Instant visa free access to over 140 countries is granted by Citizenship by Investment. Residency programmes do not enhance your visa-free travel access in the short run.Grenada, also known as the ‘Spice Isle’, is famous for its unspoilt sandy beaches and exotic weather. The island is located northeast of Venezuela and southwest of Saint Vincent. An investor may qualify for Grenadian citizenship through a donation to the government fund or by investment in real estate.