Citizenship denotes the relationship between a national and a state. Being a citizen, you can enjoy certain rights like leaving the country for an indefinite period of time, social security, right to vote, work, and own property. In return, a country expects loyalty from its citizen, payment of taxes, and in some countries also completion of military services and compliance with laws, and acceptance of government authority. There are different ways a Third country national can access citizenship and the most common one is Naturalization. The minimum years of residence before citizenship is generally four to ten years depending on countries.
BENEFITS OF SECOND CITIZENSHIP
According to Nomad Capitalist, dual citizenship acts like an insurance policy or a backup plan in case of any government instability or financial crisis. Dual citizenship also helps to reduce your tax deductions especially. If you are a citizen of a country which have a low tax deduction, you can remove yourself from paying taxes in your home country.
A second passport can also allow you to travel freely without the lengthy process of applying for a visa. It also protects residence advantages. You can travel wherever you want. Dual citizenship also allows you to enjoy social benefits like free health care, free education, unemployment benefits, and pension benefits when retired. It can also open the doors for new business opportunities in emerging countries. As a citizen of the country, you can freely invest in the particular country and neighboring countries as well. According to nomad capitalists, having second citizenship gives you more freedom. Dual citizenship allows you to become a global citizen and enjoys the best of the whole world. In order to enjoy the advantages of a second passport, the most important thing that you have to consider is to choose the country strategically whose passport you want and why you want it. While many governments now allow this, but still there are many countries like India does not allow dual citizenship.