Many reasons are exist to encourage wealthy individuals to consider a second citizenship. Security, tax planning, ease of travel, and internal politics in an applicant country, are the main reasons for them to apply for second passport and make their life safe for whole family.
If you are interested to get second passport, you can obtain it in some countries that support this program based on investment. Citizenship-by-Investment programs offer you the opportunity to acquire a new nationality or second passport simply and quickly, without major disruption to your life. In these programs there is no need to give up your original nationality. For economic considerations and without residency requirements, you can legally acquire a new citizenship.
Hungary, Bulgaria, Cyprus, Malta, Dominica, Antigua and Barbuda, Grenada, St. Kitts and Nevis are the Citizenship-by-Investment programs which BLS provides sufficiently clear in law. Most of programs that BLS offers are very attractive for an investor who intends to invest in these countries in a specific way in business assets or venture capital. Citizenship by investment has different options and gives this opportunity to applicant to apply for citizenship either based on investment, Real Estate investment opening of a fix term deposit account, or via financial contribution from the mentioned countries.
Every year, several thousand people spend a collective $2bn (£1.2bn; 1.5bn euros) to add a second, or even third, passport to their collection.
The option has proven popular with Chinese and Russian citizens, as well as those from the Middle East.