DUAL CITIZENSHIP BENEFITS

“It is YOUR birthright! You gain all the advantages of second citizenship, including enhanced freedom to travel, reside, and do business, as well as better services and lower taxes, with zero investment costs. It’s also a compelling opportunity to reconnect with your roots and discover fascinating new aspects of your history and identity.”

  • Recent moves to facilitate family reunification have made dual citizenship easier to obtain for one’s whole family. As a result, large families are now able to obtain citizenship together, without leaving anyone behind. Citizenship can also be passed down to one’s descendants. This means you can safeguard your family’s future for generations to come.

  • Another benefit of second citizenship is the chance to live somewhere with an improved standard of healthcare. Many countries that offer citizenship provide access to robust, first-rate healthcare systems with the capacity to fully support citizens through times of adversity. Second citizenship can therefore be an opportunity for you to gain access to healthcare that is delivered at the highest quality. Parents want to give their children the tools to succeed in learning and in life, and second citizenship can grant children access to some of the top schools in the world. But education isn’t just for children – with citizenship of a European or Commonwealth nation, you can enroll in some of the world’s oldest and most prestigious universities, perhaps to complete the Master’s degree you’ve always wanted to pursue.

  • Second citizenship can be a gateway to life in a country of natural beauty and clean living. Many countries with second citizenship offerings boast high air quality, diverse ecosystems, and access to lush nature in abundance – far removed from the urban sprawl and polluted haze of some of the world’s busiest cities. A second citizenship gives you the option to turn your dream destination into a place to call home.

  • Many individuals come from nations with little tolerance for diversity, where harmful discrimination and religious persecution are unfortunately common. A second citizenship is a chance for you to access some of the world’s most compassionate and welcoming countries. Happily, citizens can, in some jurisdictions, expect to be met with an overwhelming sense of community, in which all individuals are integrated and respected.

  • With many nations being subject to government intrusion, social unrest, and economic strife, dual citizenship can be the key to life in a country where civil liberties are protected and social-economic and political stability has been achieved. This is particularly critical for individuals with loved ones that they wish to shield.

  • Second citizenship can open doors to new entrepreneurial options thanks to the abundance of financial opportunities available across the globe. It gives you the chance to fulfill your dreams of expanding your business on an international scale and to make the connections you need to bring your business to the next level. It also allows you to run a business where entrepreneurship is encouraged, freeing you from heavy-handed governments.

  • Global mobility empowers individuals with increased freedom of movement, allowing them to follow innovative ideas and opportunities while experiencing the richness of the world. Individuals with dual citizenship can enjoy entry to a greater number of destinations, which can significantly improve the ability of an individual to reach unique opportunities and experiences in new regions and markets. Being a global citizen means embracing our global world and all its opportunities.

DISADVANTAGES OF DUAL CITIZENSHIP


  • As a dual citizen, you are bound by the laws of both countries. For example, if you are a citizen of the U.S. and a country with mandatory military service, you can lose your U.S. citizenship under certain circumstances, such as if you serve as an officer in a foreign military that is engaged in a war against the U.S. In general, U.S. policy recognizes that dual citizens might be legally obligated to fulfill military obligations abroad, and many can do so without jeopardizing their U.S. citizen status, but it is important to research each situation carefully.

  • For individuals who are dual citizens of the U.S. and another country, the U.S. imposes taxes on its citizens for income earned anywhere in the world. If you are living in your country of dual residence that is not the U.S., you may owe taxes both to the U.S. government and to the country where the income was earned.

    However, income tax treaties between the U.S. and other countries serve to effectively reduce or eliminate an individual's tax liability to avoid double taxation. For example, a treaty between the U.S. and New Zealand overrides the income tax laws of each country to avoid double taxation.

    Even so, dual citizens may be required to file U.S. tax returns even if they are living and earning income in New Zealand. Because tax laws are complicated and can change from year to year, it's important for individuals facing this situation to consult with a qualified tax accountant.

    U.S. citizens are required to report their overseas income, even if it is earned as a foreign citizen. The Foreign Earned Income Exclusion allows U.S. citizens to exclude up to $112,000 of foreign-earned income from their taxes in 2022 ($120,000 in 2023).

  • Depending on your career path, dual citizenship can be a disadvantage. If you are seeking a position with the U.S. government or your job requires access to information that is considered classified by the U.S. government, having dual citizenship may bar you from gaining the security clearance you need for this type of employment. Those born into dual citizenship may encounter fewer problems than those who actively sought it out.

  • Sometimes dual citizenship happens automatically (for example, when a child is born in the U.S. to foreign parents). Other times, however, the process can take many years and can be extremely expensive and complicated. This can deter some people from pursuing dual citizenship.

 DUAL CITIZENSHIP WARNING

“Because dual citizenship is complex and the rules and laws regarding citizenship vary between different countries, it may be in your best interest to consult with qualified experts (including accountants and lawyers) about certain purchases or decisions related to employment and your finances.”