Investing your way into a new citizenship
Even with restrictions becoming commonplace, there are ways to go about getting it Special to Gulf News
structure your wealth. An alternative citizenship provides you with effective options to better preserve your finances.
Being a European passport holder gives the family the right to live, work and study in any of the 28 member states. It allows access to world-class education and health care systems that only European citizens exclusively receive. In addition, European passports are ranked at the top when it comes to enjoying visafree travel. Obtaining a European nationality places any Arab family within the highest levels of freedom, with high mobility and with multiple countries to choose from.
Top priority
Securing a better future for their families is the number one priority for any Arab. Some of the citizenship programmes have the advantage of extending the multiple benefits to future generations within the family. Depending on the law of each country, grandchildren and even generations beyond will be able to inherit the citizenship and enjoy the same advantages.
People normally maintain a strong bond with their homeland and having to renounce their nationality of birth is a line they will not cross. Most citizenship by investment programmes allow dual nationality, which means that the applicant does not have to give up their current citizenship when they obtain a new one.
This allows applicants to keep their current nationality while reaping the benefits of a stronger one.
Taking a step forward towards obtaining a second citizenship could be a difficult commitment. However, acquiring a second citizenship by investment is one of the few strong options that gives a family the chance to turn any of life’s restrictions and misfortunes into real opportunities.