Moving and settling in another country is like a dream come true. Living in a place you have only read about and learning about new cultures is super exciting. One of the ways you can choose to travel is by using Skyway International Travels. This tour and travel agency has travel experts who will ensure you have the best trip and make the most of your budget.
The pandemic, and subsequent lockdowns, have reinforced people’s love for travel. Many have been staying at home for a long time, and this has been pretty boring for those who love to travel. However, businesses and economies are slowly getting revived and traveling restrictions are not that harsh now.
For those planning to move abroad, there is an option of citizenship by investment. This type of citizenship is acquired by making exceptional economic contributions to the host country.
It’s through citizenship by investment programs that individuals obtain a second passport. Countries like Uruguay, Italy, and Ireland offer the cheapest citizenship by investment options. The best citizenship by investment comes with several benefits. They include:
- Tax benefits
- Investment opportunities
- Security in case of political instability
- Employment options
There are several reasons why one may opt for investment citizenship. If you’re moving to an EU country, for instance, you can acquire European citizenship by investment without renouncing the first one.
EU countries have some of the best citizenships to have in the world. That’s because the citizens of EU countries receive quality health care facilities. They also have visa-free travel to an average of 170 countries and access to social security.
How to Make the Most of the Dual Citizenship by Investment
When you are spending on investment citizenship, you should also be abreast of the strategies to make the experience of having dual citizenship worthwhile. Different cultural backgrounds add unique characteristics to the countries around the globe. It’s not easy to adopt the life and culture of another country.
After obtaining the cheapest second passport, the process of moving and settling in a different country shouldn’t be a painful one, if you know the correct strategies for the same. This article has tips on how as an Indian, you can move and settle abroad and enjoy the benefits of having dual citizenship by investment to the maximum.
Research Significant Information Related to your Destination
Some people rely on impulse and prefer to wander about in a new place without much knowledge about it. However, it is advisable to carry out some extensive research about where you’re headed. Read extensively about the foreign land that you are planning to move to. Your investment citizenship plan should be based on thorough knowledge and not fanciful ideas.
Gather information about the local culture and how you’ll manage your way around once you’re there. Good resources over the internet are available for those who are doing their homework before traveling. Getting first-hand information about your destination will help you feel more confident about the visit. Nothing is as reassuring as having knowledge of all relevant facts.
The idea of finding out information when you are in your host country might not be a good one particularly if you are traveling with your family and kids. Since there are language and cultural barriers you cannot expect strangers to be of help and accurate in guidance. So, it’s best to have a solid research based plan beforehand.
Many countries in the world allow people to have dual citizenship through investment programs. One such country is Saint Kitts and Nevis in the Caribbean. You’ll have to do some good research if you must apply for the St. Kitts and Nevis citizenship by investment. Their program requires that you make notable economic contributions to the country.
They also have a diverse culture, with African, British, Caribbean, and French influences. As such, you must do a background check on the country. Understand what’s needed to acquire this citizenship and how you can contribute economically to the country’s development.
Apply For a Passport and Visa
Ensure you have a valid passport if you are planning to travel abroad. Note that many countries adhere to the six months rule with passports. This signifies that you’ll be denied entry if your passport expires in six months time. This rule may differ from country to country. It’s best to check your passport’s validity to avoid last-minute disappointments.
Find out from the host government’s website about any supporting document that you would be required to furnish. This requirement would depend on the type of visa. For instance, for a student visa in the UK, a copy of your offer letter from the university will be required. They’ll also need proof that you have money to support yourself during your study. If it is a second passport for you, check for discrepancy if any and get it corrected before your movement plans to avoid unnecessary troubles later on.
Keep Electronic Backup of your Documents
You must scan your documents in case of unexpected scenarios like loss or theft. Yes, it can be taxing having to scan all your documents. But, you’ll thank yourself for it if at all you get stuck in a crisis situation.
Ensure you have an electronic backup. This way, you’ll have some kind of proof and reassurance even if you lose your originals.
Ensure there is Sufficient Cash in Hand
It’s safe to have 70 percent of your currency on prepaid cards. Foreign cards are the most recommended. That’s because they can be used in ATMs and swiped for transactions. It’s also best to ensure you have at least 30 percent of your money in cash. Remember that you’ll need cash in case of emergencies and miscellaneous transactions.
Remember that your bank will get alerted every time a transaction is made from a foreign country. This could cause them to block your card thinking that it’s a fraudulent transaction. To avoid this, ensure you give your bank a heads up about your travel and dual citizenship by investment plans.
Living far from your motherland means that family and friends will want to stay connected. You’ll need to make frequent calls to India. For this, you may want to know if your current phone can work in a foreign land. The answer is yes, it would!
But, you’ll need to change your SIM card and get a new one. Once you’ve done that, activate an international pack for calling India at cheap rates.
You can also opt for Skype or Viber from your laptop. With either of the two options, you can have free video chats. Social media sites like Facebook also allow you to video chat with family and friends back home.
Be Friendly to the People of the Host Country
Culturally, you may not be the one to say “Hi’” to passers-by but you should develop good friendships with people staying in close vicinity to you and your family. Do your best and interact with locals as well as tourists.
It’s through interactions that you’ll get to understand the nuances of best citizenship by investment. This would also ensure that you are not missing out on the relevant knowledge. Besides, you never know, you might come across some unwanted situations in future and during these times having acquaintances in the host country would be of immense help.
Build Good Livelihood Plans in the New Country
Your decision of an investment citizenship might be unconventional, but, it doesn’t mean that it’s a doomed idea. So don’t allow people to make you doubt yourself and your capabilities of making a success out of your idea.
You should have a full-fledged plan of how you will be meeting your expenses and earning your livelihood before you move ahead with the idea. Being financially strong is the most significant factor upon which your second citizenship program depends.
Pandemic has made all work possible remotely. It is easily possible to research the best citizenship to have from the comfort of your home. Also, it is not very difficult to have a full-proof dual citizenship by investment plan prior to making the actual move. Make use of all services that are available remotely and move ahead with the best citizenship by investment plan of yours with full confidence.