Pros and Cons of dual citizenship

Indubitably, dual citizenship offers a bundle of opportunities to individuals. Dual citizens not only can receive the benefits and privileges provided by each country but also has access to the social and political system of the respective countries. However, it is not necessarily important that only children who are born to foreign parent can only cherish dual citizenship there is a whole legal process that allows the individuals to get the citizenship of the desired country. Yet, the process that involves immigration is not an easy walk in the park. It includes several composite and steps and at every step there is a new obstacle. All the developed countries expect people to go through the long and extremely difficult process of immigration. However, there are few countries including Cyprus that allows individuals to get citizenship with the help of Cyprus citizenship by investment.

 

Besides Cyprus, Dominica also offers a Dominica citizenship by investment program that enables individuals to get citizenship without any hassle or difficulty.

 

If you are one of those who aspires to get the dual nationality then, before start working on this goal you must know the pros and cons of dual citizenship.

 

Pros:

 

Social and political privileges:

From having a right to vote to have a free medical and education, dual nationality offers various opportunities to the people. This allows individuals to work in either of the two respective nations without having a working visa.

 

Business Opportunities:

Sometimes, the country we belong to don’t offer financial and economic stability. However, lack of financial stability deters entrepreneurs from investing money in their business. Yet, in such scenarios, when the economic conditions in your country are uncertain then, you can definitely look up to getting a citizenship of any other country where economic growth is evident and rapid.

 

Cons:

 

Dual Taxes:

Some countries including the United States of America expect citizens to pay taxes of each and every property no matter whether it is present in America or any other nook and corner of the world. It does not only impact the annual income but also compels people to think a thousand times before buying any major property inside as well as outside the country.

 

Security Clearance:

 

Various countries consider immigrants a security threat. For this reason, the security officers tend to behave roughly and rudely with the immigrants. Therefore, while going through the process of immigration as well as after it an individual must avoid any kind of suspicious activity.

About the Author