The Benefits of Second Citizenship Having second citizenship is view by many as a way to increase their freedom, for example by moving abroad. Others see it as a means that allow the margin of freedom to move and protect their hard-earned assets from the burden of unfair taxation. Then there are those individual who acquire a second passport just to escape the hardship of their home country, and enjoy the economic benefit of there new found homeland. You do not have to give up your citizenship to get a second passport, or to become a dual national. You will always remain a citizen of your birth country, unless you actively renounce your citizenship at an Embassy.
Many countries have greater tax legislation to make an attempt to eradicate financial privacy.
With more than one nationality you can significantly reduce or even legally eliminate your taxes by living in a high tax country as a foreigner. Enjoy visa free travel to areas that may be difficult to travel to with your current passport. Travel freely, without creating a permanent record on your current passport. Get a fresh start with a legal name change. Open offshore bank or brokerage accounts more privately.