Option A: CITIZENSHIP BY INVESTMENT
The offshore citizenship by investment sector has undergone many changes in the last year, but, first and foremost, to obtain your second passport you must know how to choose the country.
You need to choose a passport that allows you to travel to most countries without a visa.
Studies propose 4 groups of countries:
Group 1: with access to 174 countries (United Kingdom, USA, Germany)
Group 2: with access to 173 countries
Group 3: with access to 172 countries
Group 4: with access to 171 countries.
Obtaining offshore citizenship or a second passport from an EU country (Bulgaria, Hungary, Malta, Cyprus or Austria) also gives you the right to live and work anywhere in the European Union, and is not as frowned upon as citizenship of a country like Saint Kitts and Nevis.
This means that you are more likely to be allowed to open an offshore bank account with a passport from group 4 countries, than with a passport from a country considered a tax haven. Although the latter are generally also accepted by banks, it is highly likely you will have fewer options.
Option B: CITIZENSHIP BY RESIDENCE
If you don’t mind waiting 3 to 5 years, you can obtain offshore citizenship and your second passport following a period of residence.
