HomeBlogsPower of Attorney DubaiConsidering a Second Citizenship

Considering a Second Citizenship

Considering a Second Citizenship

  • August 12, 2022
  • Posted by: Philip Smith
  • Category: Power of Attorney Dubai
No Comments

Considering a Second Citizenship

A Preview of Second Citizenship

For years, statute naturalization was viewed as the only way to obtain a passport or citizenship. Alas… times are changing. As the world has become increasingly more globalized, unstable, and immigration policies are certainly more rigid in nature, many people continue to search for alternatives that can offer them the freedom and possibility of acquiring a second citizenship. There are a few citizenship programs available, however there is one in specific whereby applicants receive it after investing a sum of money into the economy of another country—known today as an economic citizenship.

In the U.A.E, citizenship-by-investment programs have risen in popularity amongst U.A.E citizens and expatriates alike. A second passport is no longer being regarded as an expensive luxury, rather a valuable asset that can allow individuals and families to protect their finances, grow their business as well as move freely around the world without being tied down by their nationality.

There are some economic citizenship programs that are being sought after more than others. In the Caribbean, the Commonwealth of Dominica as well as St. Kitts and Nevis and St. Lucia, Antigua and Barbuda and Grenada are the most popular contenders whereas in Europe applicants tend to go for Spain, Portugal and Cyprus depending on if they are applying only for themselves or with their families.

Consideration Checklist

If you are looking to acquire a second citizenship, here are some of the factors that you should consider:

• Standard of living
• Minimum investment
• Mandatory travel or residence
• Citizenship timeline
• Visa-free travel options
• Ease of processing
• Due diligence/providers
• Family options vs. single applicant

The U.A.E has somewhat turned into a hub for individuals looking to acquire economic citizenships. Programs for the same are increasingly using low investment thresholds as well as efficient processing to attract applicants of different nationalities into considering changing their nationalities.

Contact one of our specialists to learn more:
info@yourpoadubai.com or +971 4 559 0114



Author: Philip Smith
Philip Smith, LL.B. (Hons.): Founder & Principal of Your POA – The Leading Power of Attorney Company in Dubai and the UAE

Experience the expertise of Philip Smith, the highly-regarded Founder and Principal of Your POA, the premier Power of Attorney company in Dubai and the UAE. Boasting an exceptional legal background, Philip has earned a reputation for his outstanding market knowledge, trustworthiness, and discretion. As an authoritative expert in UAE property matters, strategic advisory, and corporate services, he has advised a diverse range of high-profile clients, adeptly safeguarding their interests while accomplishing their individual objectives....

Philip holds an LL.B. (Hons.) degree and possesses extensive hands-on experience in the UAE. His comprehensive skillset covers property conveyancing, power of attorney representation, private client management, strategic advisory services, business consultancy services, corporate service operations, market entry, asset protection, legal matters, regulatory compliance, real estate, corporate structuring and re-structuring, company administration, and legacy planning.

In addition, Philip's expertise encompasses real estate acquisitions, structuring, ownership transfers, property management, portfolio and account management, corporate structuring and re-structuring, company administration, legacy planning, and asset protection for entrepreneurs and growth companies. This impressive range of skills ensures his clients receive the highest standard of service, tailored to their specific needs.

As the leader of Your POA, Philip directs a dedicated team of professionals committed to upholding his values of excellence and discretion. Together, they have solidified Your POA's position as the top Power of Attorney company in Dubai and the UAE, offering customised services that consistently exceed client expectations.

Place your trust in the proven expertise and impeccable reputation of Philip Smith and the team at Your POA. With an unwavering commitment to understanding and achieving your objectives, and a discreet approach that prioritises the protection of your interests, you can be confident that your affairs are in the hands of seasoned professionals. Philip's wealth of experience and in-depth market knowledge make him the ideal partner for navigating the intricacies of the UAE property and corporate services landscape. Read more