Dual Citizenship: Building An Asset.
By Alfred Grundig on July 7, 2009
Global players like Rupert Murdoch have dual citizenship. This term basically means that the person owns dual passports, one the country of his birth and the other of a country of his choice.
There are many ways a person can acquire a second citizenship. He can be born in one country and have lived in another and become a naturalized citizen. He may have parents belonging to two countries and have the citizenship as right of birth (some countries do offer this), or he may have fulfilled residency and other formalities of a country of his choice and got his second citizenship.
You can earn from both the countries, live in both of them and enjoy all the advantages both your countries offer, like healthcare benefits, educational grants etc.
The advantages of owning a second passport are many. If you want to reside and earn in a country of your choice, you need to work closely with their embassy and understand the immigration laws so that you obtain a passport in a legal way. Do not get conned by shady touts and do it the right way. Once you get your second passport you can start enjoying the many advantages of dual citizenship.
Most countries restrict foreigners from building financial empires on their land. They also limit the amount of business you can conduct. You can definitely circumvent this by becoming a naturalized citizen.
You can save yourself a lot of worries in travel and will have to face no problems in travelling between the two countries and any others that these two are affiliated to. A Japanese passport is easily accepted for China for instance.
Countries like to safeguard the interests of their own citizens. Foreign businessmen and industrialists cannot operate freely or build empires. A dual citizenship helps in such cases.
You can pass on the same benefits to your children. They will enjoy the same advantages and have a wider base to operate from, by completing some minor formalities. Do consult the embassy of the country for more information. Everyone can reap the benefits of second citizenship.
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