Way to Apply for Second Citizenship in Europe?
It is now quite common for people to search for second passports. A passport from the European Union can be extremely useful for those who like to travel, but can take a great deal of work. One of the choices that you have as a US citizen is to obtain dual citizenship with an EU country which is also open to dual citizenship. Then all you have to do in that country is apply for a passport.
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There are several choices for citizenship, including the use of your own ethnic status, the choice of becoming a foreign country or the use of the nationality of your partner as a way to become a citizen. When you are a citizen of the country, you can request for a passport, which can be a complicated task, although it sounds pretty easy on paper.
The Basic Principles of EU Citizenship
This will give you the rights to work, study or travel in the any part of the EU without the visa requirement, If you have EU citizenship. However, remember that it can take many years to become a citizen. You must apply to become an EU citizen in one of the EU's numerous countries, and each country has its own procedure and criteria.
You'll need to live in the country for a certain number of years; find plenty of evidence that you are eligible to become a citizen and then apply for citizenship. In some cases an appliance fee may be required, as well as language tests and citizenship test. Those who have lived in an EU country for many years may have the best opportunity to obtain citizenship.
Many Common People try Second Citizenship
A variety of people want a second passport, one of the main things to consider is who you are and why you want to do so. The most common types of people looking for a second passport are:
U.S.A Citizens:
Often those who wish to renounce their citizenship in the future. There are many reasons for this desire ranging from investment opportunities to taxes, privacy, business and other limitations. If you are looking at renunciation, you will need a second passport no matter what the real reason is.
Citizens of the Emerging World:
Who could lose chances because of their existing passports. Arab and Chinese nationals are the most likely to participate in schemes of citizenship-by-investment or residency-by-investment. This is because they may have restrictive visas, so they appreciate having a plan B on the table. Those who are in these countries and affluent can choose and pay for a second citizenship or even residency while enjoying travel benefits in return.
On the other hand, Arabs are more likely to apply for residency through investment programs, because some of their countries do not allow second citizenship; while some countries allow for the renouncement of citizenship.
Business Owners and Investors:
Such people are often looking for a plan B, too. American citizens are most likely to require a second passport, but in some situations, the citizens of other countries can also benefit from it. Some people simply want to know that they've another option if something goes wrong in the country from which they are currently a resident.
The EU Citizenship Process:
If you've already done the research and know that you want to become a European citizen, it's time to consider the choices you have. Depending on your present situation, you may find four different paths towards citizenship.
Descent Citizenship
Those who have parents, grandparents and in some cases, great grandparents who are or were a resident of a European country can also be a citizen. Please note that certain conditions are there that you will have to fulfill if you choose this method.
Naturalization:
This type of method includes obtaining a resident visa for the country of your choice in Europe and simply waiting until the naturalization takes place and you can become a citizen; this phase usually takes several years depending on the country of your choice.
Investment Citizenship – In some EU countries, significant investments in the country will give you country citizenship:
Cyprus provides investors a safe and stable atmosphere that is suitable for raising families. Cyprus is perfect for global travel on the crossroads of Europe, Asia, Africa and the Middle East. Cyprus is an active member of the British Commonwealth, and a key member of the European Union.
Minimum Investment: 2 million euros plus fees ("EUR 75,000 contribution to the Research & Innovation Foundation and EUR 75,000 contribution to the Cyprus Land Development Corporation" has been added since May 2019).
Time to Citizenship: 3 to 4 months
Visa-Free Access: 150+ countries
The Cyprus Citizenship-by-Investment Program is suitable to consider various investment opportunities for investors for business and investment purposes.
Malta is situated in the heart of the Mediterranean. With a large number of historic sites, the nation has a very rich history. The country belongs to the United Nations, the Council of Europe, the International Monetary Fund, and is also a member of the European Union, the euro zone and the Schengen area.
Minimum Investment: 1.2 million euros plus fees
Time to Citizenship: 1 year
Visa-Free Access: 160+ countries
Malta's passport and dual citizenship help future generations with more political and economic independence and significant education opportunities in the west.
Citizenship by Exception – Government bodies such as the Prime Minister, the parliament or the president can grant people a citizenship for a nation. This often happens only in exceptional cases.
You will want to consider which options are best suited to your situation. Some of them can take much less time than others, but none of them are instantaneous and all of them will need some work. Therefore, it is also essential to start the process sooner rather than later.You will be in a situation where you have more chances and no one really can argue against that.
Savory & Partners is a Government Approved Citizenship through Investment programs and services Provider, guiding potential applicants to buy citizenship through investment to avail global reach and become global citizens. To schedule a no-obligation consultation, you can call at +971 (0) 4 430 1717
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