WHY A SECOND PASSPORT
IS A FIRST PRIORITY
WHY SHOULD THEY APPLY FOR A SECOND PASSPORT?
A second passport acts a tangible reassurance to our clients that they have the security they need, in case there are ever political uncertainties and economic instabilities in their home countries. In a way, a second passport is like an insurance policy, giving clients peace of mind and a haven to run to in cases of unexpected and unfortunate events.
In addition, passport holders and their qualifying family members gain visa-free status to many countries, along with access to healthcare, education, and other social benefits. Our clients can also expand their businesses to key global markets without local partner requirements, as well as undertake more efficient tax and legacy planning.
WHAT ADVICE WOULD YOU GIVE TO FILIPINOS CONSIDERING APPLYING?
Do your own due diligence and hire a professional who can offer a comprehensive approach coupled with extensive knowledge and a track record.
Various clients have been misled by improvised agents or consultants promote a citizenship-by-investment program to encourage the purchase of properties.
However, Spain is actually a residency-by-investment program. As such many of these consultants’ clients bought properties in Spain, expecting a passport in return – even though it will never come. They only learn later on that the process to qualify for Spanish citizenship actually takes years, aside from learning the language and passing a nationality exam.
THE TOP PICK IN THE CARIBBEAN
GRENADA currently has visa-free access to over 140 countries – including all EU countries, United Kingdom, and China – and applicants do not need to visit the country during or after the application process.
The new Six Senses Resorts & Spa Grenada is also one of the most attractive investment options in the Caribbean. Purchasing a share in the resort entitles the main applicant and all qualifying dependents to Grenada citizenship for life along with many other benefits as a shareholder of this five-star resort.
THE MOST UNDERRATED OPTION First note: Dominica is different from Dominica Republic. The Commonwealth of Dominica is dubbed as the “Nature Island” and it offers many outdoor attractions far from the overcrowded beaches of neighboring countries. A Dominica citizenship can be secured by donating a minimum amount to an infrastructure fund that will be used to build or renovate roads, hospitals, schools or airports. Applicants may also invest a minimum amount into a designated real estate development instead.
The passport of the Commonwealth of Dominica offers great mobility and a tax efficient jurisdiction. Applications are also usually processed in two to three months
A Grenada passport grants extensive mobility and currently has highly attractive investment options. Investors can enjoy complimentary stays in one of the most exclusive islands in the Caribbean.
FAMILY WITH KIDS
Antigua & Barbuda is the most affordable option for a family.
BEST OF BREED
Cyprus is the platinum program for applicants who are not concerned about financial costs. Becoming Cypriot entitles the passport holder and all qualifying dependents to freely travel, relocate, study, work, and do business anywhere in the European Union (EU)
The Cyprus passport is one of the strongest in the world, with visa-free access to over 170 countries including Canada, New Zealand, and the United Kingdom. A Cyprus passport can also be considered a legacy planning instrument for families looking at securing a European lineage without the need to relocate.
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