Why A Dual Citizenship Will Benefit Your Business
If you are an entrepreneur, imagine the frustration and hassle you have to go through each time you want to travel overseas on a business visit? Wouldn’t you just love if you can purchase the ticket today and fly tomorrow, meet with your investors, discuss expansion over dinner and fly back soon thereafter? But, like every other time you have to apply for a visa and face a formal interview which is stressful for any entrepreneur considering you have so much on your to-do list.
If you are a high-net business person you can actually do something about your current situation. Citizenship by Investment was first launched in 1984 by St. Kitts and Nevis and it was based on a simple idea. You would be awarded citizenship and a second passport in return for economic investment. Many nations followed suit with countries in the Caribbean, Central America and the European Union like Germany, Austria and Belgium and even Cyprus and Malta providing individuals and families excellent citizenship packages.
If you are a high-net worth and ambitious entrepreneur but your current passport is severely limited and you need to obtain a visa when traveling to most countries, the dual passport will lift this burden. You will gain access, especially on an EU passport to over 100 plus countries visa-free. You can literally pack your bags overnight and fly the next morning and still make it on time for that important business lunch.
The citizenship by investment program opens up a new market for potential customers and revenue. At the same time you are eligible for tax breaks. If you work hard to earn a lot of money, why wouldn’t you want to keep it? Many countries offering citizenship by investment programs also provide generous tax benefits. By setting up your business in a new country you are also saving a lot of money.
If you choose to gain citizenship by investment in a new location, you can not only work but also vacation there. This is what it means to mix business and pleasure. You get to work but you also get to relax at the same time.
This takes you to the most vital step. How do you apply for a citizenship and second passport? You know it will make your life easier and grow your business. What you need is immense expertise and experience of a business consultant in Dubai to help you achieve your goal of relocating to a second country successfully.