Investing in a second passport

Yes, its true.

Rich can buy second passport by investing—Money makes the mare go, says a common proverb. And it holds equally true in this case too. These days, its getting quite popular to grab a second passport for rich foreigners who just love the idea of purchasing a second citizenship.

So, the thing is that you can very easily avoid getting stuck in long waiting immigration queues to get your application processed for visiting a nation abroad. You can get a citizenship in a record span of just 120 days.

According to founder of Best Citizenship, Balakrishnan Prabhu, travel freedom for doing business coupled with pleasure is what makes second citizenship a favored choice among high-net worth individuals. And there are no bureaucratic documentation formalities for crossing borders, adds Prabhu.

A large number of people from UAE, Kuwait, Saudi Arabia and many more are quick to cash in on this opportunity of buying a second passport by investment. The benefits include getting the facility of opening bank accounts as well as stock brokerage accounts throughout the world.

That’s not all. You don’t need to fulfill any conditions.

No need for a residency condition or a condition of having visited the nation for a specified period of time or so on.

And what you will get is the opportunity to visit several nations.

Consider, for instance, the case of buying a St. Kitts Citizenship. It will entitle you to visit as many as 139 nations the world over, be it Asia, Canada, EU or even the UK and that too without any visa.

You also get the advantage of doing business and earning big bucks in EU and nearly 100 nations. Unbelievable! But that’s a truth. This is because of investor immigration schemes of such nations.

All you need to be ready to give is a certain amount of investment for getting a second passport. Several nations like Australia and Canada have come up with their respective immigration investor programs to lure foreign investors by offering them a second passport and a citizenship too.

Canada is going to fast-track permanent residency for international students studying and graduating here successfully. This has been revealed by Canada immigration minister Jason Kenney in the annual plan for 2013.

Speaking about the proposals, Kenney said new immigration process will encourage young and language proficient immigrants who can make significant contributions to Canadian economy and also get settled in Canadian society and Canada workforce at the earliest.

Canada also plans to welcome an increased number of skilled immigrants to come and work in Canada in the year 2013. International students will be fast-tracked Canada permanent residency status under Canada Experience Class(CEC), the minister stated.