From Mission Trip To Permanent Citizen. You Guide For Dual Citizenship
Have you recently traveled on a mission trip helping those in need and while there, realized that the place you were at was calling you for more? Maybe you fell in love with the location, the locals or even the traditions. While you may think that your future visits back will only be as a guest, you may be wrong. You could become a citizen.
You read that right, many countries now offer second citizenship programs that allows for people to become permanent residents of the country all the while never giving up their citizenship of their home country. How exactly does this work?
The Path To Citizenship
There are a couple of ways you can become a citizen of another country. The easiest and most common is making an investment. Basically, you make a payment to the country you want residence in and after a thorough background check and short waiting period, you will be given a passport.
The amount of investment varies by country. For example, in Guatemala, you can invest $60,000 to become a citizen. In Australia, you are looking at millions of dollars.
Reasons For Dual Citizenship
So why exactly would you want to get a second citizenship to another country? Here are a handful of reasons:
· Ease of Travel: if you enjoy traveling to said country on a regular basis, becoming a citizen might make sense. No longer would you have to wait in line at the airport as visitors do. You also would open the door to possibly doing business in the country or even buying property.
· Access To More Locations: As a U.S. citizen, you can easily travel to Puerto Rico since it is a U.S. Territory. Many other countries have relationships with each other as well. This means if you become a citizen of one country, you may be able to more easily travel and enjoy other locations as well.
· Lower Taxes: In some cases, you can pay much lower taxes when you become a citizen of another country. But don’t just take my word for it. Be sure to run this by your tax advisor to make sure you are paying your legal share of U.S. income taxes.
· Quality of Life: As anyone who has traveled abroad can attest, most times it is a relaxing and rejuvenating time away. The quality of life is just better. When you become a dual citizen, you can more easily enjoy this higher quality of life.
Don’t think that your only option for visiting countries is to do so as a visitor and follow the strict rules and regulations that accompany this status. Take some time to investigate if getting citizenship is possible and makes sense for you.
In the end, there are many reasons for gaining dual citizenship and each person will have their own reasons. It is up to you to decide if the benefits of gaining a second passport outweigh the process. In most cases, you will find that obtaining a second passport will make your life that much more enjoyable.