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.