Residency or Citizenship: Which One Offers the Ultimate Protection?

What's your Plan B? [image]() Hi {NAME}, At Nomad Capitalist, we understand the value of having a contingency plan - a set of options to ensure you don't get caught off guard, especially during times of turmoil. This has become even more crucial in the last couple of years. However, our clients often ask us a critical question: [Will a second residency suffice as a Plan B, or do they need second citizenship?]( Let us clarify the disparity between citizenship and residency. While residency permits can be temporary or permanent, they do not necessarily mean you are a tax resident. Owning a permanent residence in a country doesn't necessarily guarantee access to its passport, unlike citizenship, which grants you a passport and the freedom to come and go as a citizen, making it a more potent option than residency. If you're in the market for second citizenship, numerous citizenship-by-investment programs are available, such as in Malta, Italy, Greece, or the Caribbean. However, these programs can be quite expensive, and there are more affordable alternatives. You can search your family tree to see if you're eligible for a passport, which may take up to three to four years. Another option is to obtain a paper residence permit, move overseas, and work toward citizenship. When it comes to having a Plan B, citizenship is the stronger option, particularly during crises like the recent pandemic. Being a citizen entitles you to return to your home country, while a resident may not be allowed entry during such times. Although most countries have done a decent job of allowing residents to return, not all have. Some nations have restricted access for temporary residents during the pandemic while enabling permanent residents to return. At Nomad Capitalist, we don't just provide information on citizenship and residency options; we offer personalized guidance to our clients to ensure they make the best decision for their unique circumstances. Our team of experts helps high-net-worth individuals and investors legally navigate the complex world of global citizenship and residency. By partnering with Nomad Capitalist, you gain access to our extensive network of contacts and resources to make the process smoother and faster. We aim to help you achieve financial freedom, protect your assets, and ensure you are treated with respect and dignity no matter where you go. We understand the importance of having a Plan B, and our mission is to help you create one that fits your needs and preferences. Whether you're looking for a second citizenship or a residence permit, our team guides you every step of the way. [Contact]( our team today, and we'll help you achieve your global lifestyle goals and secure your future. In Freedom and Prosperity, The Nomad Capitalist Team = = = [Unsubscribe]( Nomad Capitalist LLC Kidnah, Block A Plot 4 Fujairah, Al Fujayrah United Arab Emirates (the) +1 (979) 966-6623