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Why Get a 2nd Residency

Is Getting A 2nd Residency For You?

According to The Second Citizenship Survey 2017, about 90% of people would love to have a second passport, and 35% said they are seriously looking into investing in a second citizenship.  

Investing in a 2nd residency / 2nd passport should be on everyone’s mind. It has become more an important requirement in recent years for high net worth individuals for personal as well as professional reasons. 

 

Having this option provides assurance in this ever changing world. You could be living in a politically unstable country or under an authoritarian government. It gives you peace of mind knowing that if and when the need arises, you have a 2nd residency in another country that you can go to. Some may think of it as added insurance for their family. 

 

There are others who value the better resources that are available in other countries. For example, the country might have a better education system, provide better healthcare, and richer business and investment opportunities as well as a nicer quality lifestyle. 

 

There are 2 ways to get residency in another country.

 

Residency By Investment (RBI)

The first pathway to obtain residency in another country is through Residency By Investment’ (RBI). An indivdual may invest a sum of money into a country’s economy in exchange for resident status. 

The investment amount varies from country to country. This pathway is particularly popular when the person just wants residency (not citizenship) or the person’s home country does not allow dual citizenship.

 

 

Citizenship By Investment (CBI)

The second pathway to obtain residency in another country is through ‘Citizenship By Investment’ (CBI). Like RBI, a person also invests in a country’s economy in exchange for citizenship status. 

The investment amount is usually more than RBI. This pathway is particularly popular when the individual’s home country allows dual citizenship.

Bulgaria, Malta & Cyprus are the only countries that offer CBI. 

 

 

The good news is that the investment for residency can be as low as EUR250,000. 

 

And the best part is many of the countries’ programs featured on our website do not have requirements for you to reside permanently in that country. That means that you can gain a 2ndcountry residency, while still working in your home country.

 

By obtaining another country’s residency, a person is able to live, work, study or retire in the host country, thereby opening up more flexible options in life for mobility and freedom. 

 

Here are just some of the benefits of obtaining a 2nd residency or citizenship in another country. 

 

 

Benefits Of Having 2nd Residency

Having the 2nd option in life…

You will never know till you need it!

Avoid country instability 

Avoid economic and social instability!

Property Landlord

Own properties round the world!

Top rated passport 

Get visa free travel to most countries – Global mobility!

Better standard of Living

A more fulfilling life for you & family!

Business needs

Accessible to new and more business opportunities abroad!

Tax benefits and planning

Attractive tax rates and other tax benefits!

Better Education

Attend and enjoy prestigious schools at local fees!

Better Healthcare System

Get access to top world class quality care!