Getting A Second Passport- What You Need To Know

06 Apr 2016 in Business

Getting a second passport can open a world of opportunities for you. Having a second passport gives you the freedom to do business or live in another country altogether. Moreover, having a second passport could also open a myriad of traveling opportunities too. If you have the passport of another country, you can get visa-free access to a number of other countries.

If you come from a country that has visa restrictions, getting a passport could make it easier for you to travel abroad without having to worry about visa restrictions or other special issues that you might encounter on your trip. Most people think that getting a second passport is difficult. However, the process is not as confusing as it may seem. Here are a few things that you should keep in mind when applying for a second passport:

Which Country Do You Want to Go to?

The first thing that you need to decide is which country you want the second passport for. Popular countries that you can choose to apply for second citizenship include the Dominican Republic, Mexico, Venezuela, Antigua and Barbuda, Grenada, Cyprus, Panama, Spain, Greece and Portugal. Each different country’s passport offers specific benefits. Some might give you visa-free access to a larger number of destinations, while others might be a bit more restrictive.

Citizenship by Investment

By far the most popular method of attaining a second passport is to opt for an investment program. Many developing countries now offer citizenship through investment programs in order to attract foreign investment. However, before you start investing to procure a second passport, there are several things that you need to consider.

Ideally, investments in foreign countries are made with the help of an agency. For instance, Berkeley Citizenship offers a range of investment programs that you can choose from. Second passport programs offered by Berkeley Citizenship are highly popular amongst British citizens who are looking to get another country’s passport. The agency ensures that each program is verified and authorised in order to make sure that the hard-earned money of its clients is not misspent.

Before you make an investment in any second passport program, make sure you do your research. Find out whether the program is genuine and is actually offered by the government of the country that you are interested in getting a second passport from. Ideally, real estate investment programs generally require you to buy property in a country that’s above a certain value. Property values may range from a minimum of $100,000 to as high as a $1 million. Once you buy into the second citizenship program, you are likely to receive your passport within six months or so. These are accelerated programs and all of the paperwork is expedited in order to make sure that investors are fully satisfied. Make sure you do your research before you make such a large investment.