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DUBAI, UAE, Jan. 29, 2022 /PRNewswire/ — Getting a second citizenship has become a goal for all high net worth individuals looking to broaden their horizons and provide themselves and their families with a resolute Plan B.
The good thing is, getting a second citizenship has never been easier. Many countries offer citizenship by investment programs.Five Caribbean nations of Antigua & Barbuda, Dominica, Grenada, St. Lucia, St. Kitts & Nevis, along with the Pacific nation of Vanuatu and Turkey, all offer their own route to obtaining citizenship through making an investment.
Getting your second citizenship is quick, simple, and affordable. Investment thresholds start at 100,000 USD, and applicants can obtain their new passports within less than half a year.
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But there remains one issue that many do not consider, maintaining your second citizenship. Truth be told, that is a simple thing to do, but there are some small mistakes that you should look out for that could result in the revocation of your second citizenship, and this is what we will be discussing today.
What Does Revocation Of Citizenship Mean?
A country can revoke a citizenship, meaning it can withdraw the citizenship from one of its citizens, depending on its internal laws and regulations.
When it comes to a second citizenship, the main issue is criminal activity. Most countries have been extremely vocal in stating that if a person would get their citizenship by investment and then commit a criminal offense, then the government would withdraw their citizenship.
But there are smaller mistakes that people can fall victim …
Full story available on Benzinga.com
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