6 Reasons why you should consider Investing in a Second Passport

Second citizenships or passports are becoming ever more valuable in today’s global world. And investing under a legitimate citizenship by investment program is one of the quickest and best pathways to obtain one!!

Citizenship by investment programs enable high net-worth individuals to obtain a second citizenship and passport by investing in the economy of the host country. These economic investment programs legally grant citizenship or secondary passport faster than traditional immigration processes and that to be without requiring investors to visit or putting their lives on hold.

In order to attract much-needed foreign direct investment, there are many countries around the globe that offer citizenship by investment programs including Antigua and Barbuda, Portugal, Dominica, Grenada, Malta, St Kitts and Nevis and many more.

There are many reasons to invest in a second citizenship from personal safety to increased global mobility. Here, we have outlined the six major considerations.

1. Security
A second passport/citizenship from a stable, peaceful country provides security against political and economic instability in one’s home country.
2. Improved Global Mobility
A second passport can offer individuals increased global mobility by offering visa-free or visa on arrival travel. Being able to avoid costly and time consuming visa applications and act on travel plans very quickly is a major benefit of investing under such programs.
3. Business opportunities
Economic citizenship opens up a world of new business opportunities to high net worth investors & entrepreneurs as they can now do business in the host country. This also enables them to travel freely to favoured destinations for business expansion and explore new opportunities and technologies.
4. Tax Management
Second citizenship allows investors considerable benefits in tax planning. Majority of countries offering Citizenship investment immigration programs only tax income earned from that country and do not subject capital gains to taxes either. This allows investors to manage their wealth more efficiently by protecting their assets against excessive taxation.
5. Secure a better future for your Family
Most of citizenship by investment programs allows the main applicant to include their family members in the application. This means that investors can secure a better future for their spouse and children by getting access to world-class health care, education and an improved lifestyle.
6. Access to Quality Education for Your Children

Education of children is top priority for parents worldwide. By investing in a second citizenship parents are able to ensure that their children can have access to the top educational institutions at considerably reduced tuition fees.

Explore Citizenship-by-Investment options | Contact WWICS – World’s largest Immigration Group

WWICS is one of the largest Immigration Group with over 25 offices spread across India, the United Arab Emirates, Canada, Australia, Qatar, Kuwait, Oman, Kenya and Morocco. Our presence across the globe allows you to easily reach us no matter what part of the world you may be in.

Established in 1993, WWICS has global expertise in Citizenship-by-Investment programs. We have highly experienced and licensed Immigrations Practitioners, Lawyers, Financial Advisors, and Investment Consultants who work closely with our clients to strategize and construct an action plan best suited to their needs.

If you would like to explore your options to invest under Citizenship-by-Investment programs, please get in touch with our expert business immigration lawyers by filling your details  here

CRS drops to 431 in latest Express Entry Draw conducted on June 25

EXPRESS ENTRY DRAW (CEC) #154: June 25, 2020

Canada invited 3,508 immigration candidates to apply for Canadian permanent residence in latest round of Express Entry invitations held on June 25.

The draw, which was restricted to Canadian Experience Class (CEC) program candidates only, had a minimum Comprehensive Ranking System (CRS) threshold of just 431. It was also a decrease of 6 points from the previous Express Entry – CEC draw, which was conducted on June 11 and had a minimum score of 437.

Immigration, Refugees and Citizenship Canada (IRCC) applied a tie break in this draw and the time stamp used was April 3, 2020 at 12:56:32 UTC. That means all CEC candidates with a CRS score of at least 431 who submitted their profile before this date & time received Invitations to Apply (ITAs) in this round.

The Canadian Experience Class (CEC) is an immigration category for foreign workers who have completed at least one year of skilled work experience in Canada within the last three years and who wish to become permanent residents.

It is an ideal route to Canadian permanent residency for temporary foreign workers including international students. Having obtained Canadian work experience, these individuals get a “head start” against other candidates in the Express Entry pool as it is a highly-valued factor under the Comprehensive Ranking System (CRS).

The government of Canada has now issued total 49,900 ITAs to Express Entry candidates so far in 2020.

Invited CEC candidates now have 60 days to submit their complete applications for Canadian permanent residence to IRCC. 

Know your chances to immigrate to Canada under Express Entry!!

To find out if you’re eligible to immigrate to Canada under Express Entry, simply complete our FREE ASSESSMENT FORM ! A member of the WWICS team will review your eligibility and contact you to discuss your options!