An article published in The New York Times said it best with the title, “Carrying Several Passports? It’s Not Just for Spies.” The article goes on to profile a highly successful artist from New York who has various passports because of his need to travel for work. Many high net worth individuals are taking advantage of the travel benefits that accompany having multiple passports.
A primary advantage is the luxury that comes with not having to apply for a travel visa for business trips in advance of each departure. This is a significant time-saver for those who frequently travel for work, as second passports can automatically provide one with access to more than a hundred destinations.
More specifically, the St. Kitts & Nevis investor programme offers access to 127 countries and among those are the 27 European countries and Canada. With the Cyprus residency programme, wealthy individuals can obtain residency in as little as three to six months and also be granted access to live and work anywhere in the European Union.
Another primary benefit with regard to obtaining a second passport is that, in many cases, applicants are not even required to visit the issuing country before obtaining the second citizenship. This is ideal for those who simply do not have the time for exploratory visits.
There is no reason to complicate your travel should you have the means to invest in a second passport. Wealthy individuals who take advantage of this kind of investment will not only experience the luxury of streamlining their own travel, they will also provide their families with greater educational opportunities. As the popularity of travelling with multiple passports booms, individuals are even able to go through the initial application process with greater ease. It’s now much more favourable to go through the process of filling out minimal paperwork to apply for a second passport than to go through the constant hassle of applying for a travel visa whenever circumstance necessitates a trip.