Nowadays, the world is a small place. Travel is cheaper and more affordable than ever, and when it comes to work and your career, it is easy to make self-employment or freelancing global, through technology and working flexibly, to the ability to ship things worldwide. So with that in mind, can it be worth becoming a dual-citizen to benefit you and your career? Would it be better to just stick with the country that you were born and live in?
The reasons for wanting to get a second passport may vary. It may be make travel in certain countries simpler, or if you have a lot of work in a particular place, there may be reasons to make taxation and payments simpler by having citizenship. There are countries, most often smaller ones, that will allow you to have citizenship by investment, as well as countries where it involves a lot of paperwork and a waiting game. But all of what you choose will depend on what you want to get in the end. So here are some of the reasons why getting a second passport could be a good thing for you and your career. Had you ever looked into it before?
Extra Freedom of Movement
When you have more passports, it gives you more rights and more freedoms that you would have had. Imagine if you live in a country where some things aren’t as accessible as they are to others. If you have two places to choose living or working in, then it gives you more freedom and more access to the things that you want.
More Work Opportunities
Along similar lines, you will be able to legally work in more places if you have the right documents that allow you to do that. Say you’re in the US at the moment. Think about the flexibility and variety of getting a European Union passport. The countries that are included allow movement and chance to work across all other EU countries. So if you want some work experience or to work for certain countries or people, then a second passport could offer that to you.
If you have a global business, it can be great in many ways, but can make the baking and finance side of things a little trickier. If you have the ability to get a proper bank account in more than one country, then it will make money and banking much simpler
News flash: taxes aren’t the same rate all around the world! They differ from country to country. So if you have a global business, or want to, then more flexibility with taxation could mean a greater turnover for your business. Places like Switzerland and Monaco have great taxation rates which can be a draw for many people with lucrative businesses. Look into it all in detail first, though, before simply applying for a visa in a different country. It can offer flexibility when it is looked into correctly and thought through.