More Americans are looking into second passport alternatives as social and political worries develop.
Temporary visas cannot compare to the advantages of this endeavor, which include greater security, freedom of movement, and stability.
More Americans are seeking second passports as they consider them as crucial for long-term flexibility and stability overseas in light of the growing social and political unpredictability in the United States.
These passports can be obtained through a variety of means, such as tracing one’s lineage, investing in other economies, or residing overseas for a number of years.
After relocating to Portugal in 2021, American couple Sue Reddel and her spouse Diana were able to find their way through Portugal’s residence program. They will be granted Portuguese citizenship after five years, which will allow them to travel freely and safely throughout the EU.
Reddel, who co-wrote a manual for Americans thinking about taking a same path, says, “We view our Portuguese citizenship as a safeguard in an unpredictable world.”
For those looking for a faster path, citizenship-by-investment schemes enable people to become citizens by making sizable financial contributions. These “golden visas” are offered by nations like Malta and Greece, but they are very expensive—up to $500,000.
But as more nations restrict or phase out golden visas, the number of possibilities is decreasing.
The process can be complicated and expensive, so careful planning is crucial, according to legal expert Reaz Jafri, who has observed a spike in clients interested in dual citizenship. However, for many, the benefits more mobility and a dependable “Plan B” make the trip worthwhile.
