Mistakes That Can Get Your Second Citizenship Revoked

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 to, and here are the main ones you should look out for: 

Maintaining your investment  

There are a lot of countries that offer citizenship by investment, and all of these countries, except Vanuatu, offer various investment options. So we will be focusing on those countries in this part.  

One of the most popular investment options is purchasing real estate. But the government requires those who choose to purchase real estate to maintain ownership of it for a specific amount of time.

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Dominica requires applicants to hold on to ownership of the property for at least five (5) years before they can sell it, while Turkey requires them to hold on to it for three (3) years.