Dual citizenship for Investment immigration

Dual citizenship

[vc_row][vc_column][vc_column_text]A person is considered a dual national when he owes allegiance to more than one country at the same time. Dual citizenship requirements cannot be overlooked when acquiring a citizenship in a foreign country through citizenship or residence by investment schemes (CRBI). Residence schemes offer a path to naturalize for citizenship after a certain number years of legal residence.

Law firms and agents promoting CRBI schemes must not forget to advise about dual citizenship to their clients. While many developed nationals allow dual or multiple citizenship status (US, UK, Australia etc), large number countries still forbid dual citizenship  eg. China, India, Saudi Arabia, Singapore, Japan, Qatar etc.

  • Russia, South africa allow dual citizenship but must be reported.
  • United States, United Kingdom require their citizens enter their countries only with their passports.
  • Greece, Iran, Argentina and Morocco does not accept renouncing nationality. It is not legally possible or not accepted in practice.
  • India does not allow dual citizenship and holding multiple passports for Indians are illegal
  • Spain, Latvia and Pakistan allows dual citizenship only with selected countries

 

Dual Citizenship Restricted

China, India,
Saudi Arabia,
Singapore,
Japan,
Qatar,
Norway,
Malaysia
Andorra,
Myanmar,
Indonesia,
Laos,
Kuwait,
Estonia,
Lithuania (allowed in exceptional cases)
Netherlands,
Norway,
Austria,
Mauritius,
Nepal
Burma
United Arab Emirates,
Venezuela (not allowed after 25)

Top Countries applying for CBI/RBI schemes

Let us take a look at top countries applying for investment based citizenship and residency schemes and we will review the dual citizenship requirements accordingly

Antigua CIP Portugal GV Greece GV
China
Russia
Syria
Lebanon
Libya
Bangladesh
Pakistan
China
Brazil
South Africa
Turkey
Russia
China
Russia
Turkey
Lebanon
Egypt
Iraq
Ukraine
Syria
Jordan
Iran
United Kingdom (Tier1 Investor) Latvia GV Ireland IIP
China
Russia
United States
Hong Kong
India
Kazakhstan
Pakistan
Egypt
Canada
Australia
Brazil
Russia
China
Ukraine
Uzbekistan
Kazakhstan
Belarus
Azerbaijan
China
USA
UAE
Russia
Bahrain

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][/vc_column][vc_column width=”1/2″][vc_line_chart x_values=”Antigua CIP Statistics” values=”%5B%7B%22title%22%3A%22China%22%2C%22y_values%22%3A%22625%22%2C%22color%22%3A%22blue%22%7D%2C%7B%22title%22%3A%22Russia%22%2C%22y_values%22%3A%2273%22%2C%22color%22%3A%22pink%22%7D%2C%7B%22title%22%3A%22Syria%22%2C%22y_values%22%3A%2285%22%2C%22color%22%3A%22green%22%2C%22custom_color%22%3A%22%23f7f7f7%22%7D%2C%7B%22title%22%3A%22Bangladesh%22%2C%22y_values%22%3A%2267%22%2C%22color%22%3A%22purple%22%2C%22custom_color%22%3A%22%2375d69c%22%7D%2C%7B%22title%22%3A%22Lebanon%22%2C%22y_values%22%3A%2264%22%2C%22color%22%3A%22orange%22%2C%22custom_color%22%3A%22%23fe6c61%22%7D%5D”][/vc_column][vc_column width=”1/4″][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space alter_height=”small” hide_on_mobile=””][vc_row_inner][vc_column_inner width=”1/2″][vc_line_chart x_values=”Portugal Golden Visas ” values=”%5B%7B%22title%22%3A%22China%22%2C%22y_values%22%3A%223981%22%2C%22color%22%3A%22blue%22%7D%2C%7B%22title%22%3A%22Brazil%22%2C%22y_values%22%3A%22608%22%2C%22color%22%3A%22pink%22%7D%2C%7B%22title%22%3A%22South%20Africa%22%2C%22y_values%22%3A%22265%22%2C%22color%22%3A%22mulled-wine%22%2C%22custom_color%22%3A%22%236ab165%22%7D%2C%7B%22title%22%3A%22Turkey%22%2C%22y_values%22%3A%22264%22%2C%22color%22%3A%22purple%22%2C%22custom_color%22%3A%22%23ff9900%22%7D%5D”][/vc_column_inner][vc_column_inner width=”1/2″][vc_line_chart x_values=”Greece Golden Visas” values=”%5B%7B%22title%22%3A%22China%22%2C%22y_values%22%3A%221700%22%2C%22color%22%3A%22blue%22%7D%2C%7B%22title%22%3A%22Russia%22%2C%22y_values%22%3A%22450%22%2C%22color%22%3A%22pink%22%7D%2C%7B%22title%22%3A%22Turkey%22%2C%22y_values%22%3A%22356%22%2C%22color%22%3A%22sky%22%2C%22custom_color%22%3A%22%23ff9900%22%7D%2C%7B%22title%22%3A%22Lebanon%22%2C%22y_values%22%3A%22121%22%2C%22color%22%3A%22turquoise%22%2C%22custom_color%22%3A%22%23b97ebb%22%7D%5D”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space alter_height=”medium” hide_on_mobile=””][vc_column_text]

Dual Citizenship

HNW families applying for RBI/Golden visa or CBI schemes must be aware of the dual citizenship restrictions in their country of birth.

China Not Allowed
Russia Allowed but must be reported to Federal Migration Service within 60 days else an offense
Turkey Allowed
Brazil Allowed
Lebanon Allowed
Libya Not allowed
Egypt Allowed but must inform appropriate Egyptian officials.
Iraq Allowed since 2006
Ukraine Not allowed
Syria Allowed
Jordan Not allowed
Iran Not recognized
Canada Allowed
Australia Allowed
United States Allowed
South Africa Allowed but must be reported
India Not allowed
Uzbekistan Not recognized
Azerbaijan Not allowed
Kazakhstan Not Allowed
Pakistan Pakistan allows dual citizenship only with the below countries:

  • United Kingdom
  • Italy
  • France
  • Belgium
  • Iceland
  • Australia
  • New Zealand
  • Sweden
  • United States
  • Ireland
  • Netherlands
  • Switzerland
  • Canada
  • Egypt
  • Jordan
  • Syria

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Prabhu Balakrishnan

Prabhu Balakrishnan

Founder and CEO of Best Citizenships

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