Dual Residency and a Second Passport – By Dr. Dhanpaul Narine

Dual Residency and a Second Passport

By Dr.  Dhanpaul Narine

You are rich, super rich, but something is missing. You have spent millions on the sleek private jets, the imposing yachts and the fancy hotels. But there is something missing. You need a second passport, a status symbol that will open doors in another country and will guarantee you the rights and privileges of that country. But where are these countries and why would they allow people to buy their passports?

In July 2017, there were at least 17 countries that offered their passports and citizenship for sale. They come with special requirements but these vary in different countries. A cursory look at the countries shows that New Zealand needs the investor to have three years of business experience and for him or her to invest about 2 million pounds over four years. The investor is granted residency after living for five years in the country.

READ MORE: dual residency and a second passport

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