Second Passport: Why You Need One

A second passport offers the opportunity to respond swiftly to unforeseen situations, choose an optimal country for business, living, or education.

Alternative citizenship retains its value over time, becoming a high-liquidity asset. Here's why you need a second passport:

1. Freedom of Movement: One of the main advantages of a second citizenship is visa-free travel worldwide. In situations where time is limited and obtaining entry permission takes a long time, a second passport is the ideal solution.

2. Access to the International Banking System: Having a card from another country allows for swift payments, advantageous contracts with foreign partners, and savings on fees and conversions.

3. Favorable Taxation: Many countries offer attractive conditions for potential investor-residents, lowering the corporate tax rate, exempting from tax on global income, inheritance, or dividends.

4. Security: With a backup passport, it's easy to leave the country in the event of a natural disaster or relocate the family to a country with a higher standard of living.

5. Investment in the Future: Often, new citizenship can be obtained for the entire family and passed down as an inheritance. With a new passport, one can legally live, study, and work in another country.

6. Access to Quality Healthcare: To receive services in the world's best clinics, one needs to apply for a special visa, which is not always convenient, especially in the case of urgent medical intervention. With a second passport, not only can you access the required medical center, but you can also receive an additional discount.

The fastest and most accessible way to obtain a second citizenship is to invest in the country's economy. Let's review the "fastest" passports available to Russians.

Vanuatu

Dozens of successful cases from our clients show that the passport of this island state is always in demand. The passport processing time is 1-2 months. Requirements:

• • Non-refundable investment - $130,000.
  • Applicant must be at least 18 years old.
  • Proof of the legality of the funds.

Portugal 

Portugal's "Golden Visa" is one of the most sought-after programs among investors, allowing for obtaining residency for investment in Europe. Residency can be obtained in 6-8 months. Requirements:

• • Investments from €280,000 (several investment entry options available).
  • Applicant must be at least 18 years old.
  • Stay in the country for 14 days every 2 years.
  • Maintain investments for 5 years.

France

Obtaining residency in France can be done through several avenues: student visa, "Talent" passport, entrepreneur visa, investor visa (investment in a French company), employment, or family reunification. The fastest way to obtain residency in 2 months is for HNWI. Requirements:

• • Stable source of income outside the country.
  • Income of at least €2,000 per person.
  • Rented or purchased real estate.
  • Sufficient funds in the account to confirm solvency.

Italy

Another popular destination where you can obtain residency through several avenues: for HNWI, investor visa, business visa, freelancers, and Digital Nomad Work Visa, through marriage, and family reunification. The fastest way is to get the Italy HNWI residency (only 2-3 months). Requirements:

• • Stable source of income outside the country (at least €70,000).
  • Income of €2,000 per person.
  • Rented or purchased real estate.
  • Sufficient funds in the account to confirm solvency.

Italian residency allows for free movement within the Schengen area, studying in any European educational institution, access to quality healthcare, and obtaining citizenship after 10 years. If you are considering getting a second passport and don't want to waste time, entrust all bureaucratic complexities to GARANT. IN specialists. We will help you compile a dossier, solve documentation issues with translation and apostille, select real estate, assist with visa processing, and obtaining residency. Any client's request will be resolved within the agreed-upon timeframe.