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Why Get a 2nd Residency

Is Getting A 2nd Residency For You?

As the world is being more connected and integrated, investing in a 2nd residency / 2nd passport should be on everyone minds. Having this option provides peace of mind in this ever changing world and open up many benefits that come along with the residency. 

The good news is that you do not have to invest millions of dollars in exchange for a 2nd passport. The investment amount can be as low as $280,000. 

Many of the countries do not have minimum requirements for you to reside permanently in that country. Most of the countries’ programs featured on our website, just require you to visit just a couple of days a year, making it possible for most people to gain a 2nd residency.

In obtaining residency, a person is able to live, work, study or retire in the host country. 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 permanent 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. 

 

According to The Second Citizenship Survey 2017, about 90% of people would like to obtain a second passport, and 35% have said they had looked into investing in a second citizenship.  There are, of course good reasons in doing so. 

Here are the top 10 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!