Passports have always been important for businessmen who seek to open new doors of opportunity and explore new horizons for their work abroad. At times, however, their passports’ low ranking in the Global Passport Power Rank may prevent them from entering a certain country. At other times, difficulties are due to complicated visa requirements, which constitute an obstacle for those who would like to pursue a brighter international future. And due to the COVID-19 pandemic, traveling on a tourist visa is no longer a given. Somet countries have closed down their embassies and are enforcing restrictions on those who want to enter—making it more difficult to obtain a visa.
In spite of the current situation, however, demand for second citizenship and permanent residency programs, which offer new opportunities for applicants, has gone up. In many countries, including Palestine, the spread of the pandemic has played a major role in increased demand for a second citizenship, mainly due to the privileges a second passport grants its holders under such circumstances; citizenship operation units, like employees in many other sectors, now work remotely, relying on web services to receive applications, with fewer document requirements. This ultimately makes things easier for applicants.
A second passport provides numerous privileges that are essential to every investor and businessman who aspires to broaden the scope of their international investments. In addition, it does not force its holder to leave their homeland if they wish to stay; nor does it require them to renounce their main nationality. This particular privilege has been a primary reason for the increase in second passport applications from Palestinian business figures. We know that the Palestinian passport has great sentimental value and would be extremely difficult to give up.
Let’s discuss some of the benefits and privileges a second passport grants. For example, we can talk about how citizenship in the Caribbean countries, which are some of the most in-demand, enables its citizens to travel to more than 150 countries around the world, visa-free. This includes the Schengen Zone, Commonwealth countries, and South America. Some of these countries don’t even require passport holders to physically reside within their borders! Second passports can also offer their holders dual citizenship and the ability to open bank accounts in different countries, register companies, and benefit from tax exemption, all of which can help them to expand their business.
European citizenships in countries such as Malta, and Turkey are popular among businessmen in Palestine. According to Bluemina, which is a leader in the citizenship and permanent residency by investment field in the Middle East and North Africa, the number of Palestinian applicants for European citizenship has increased by 40% since the beginning of 2020. This affirms that a second citizenship allows businessmen to generate remarkable advantages even amidst global economic and political instability.
The Caribbean nation of Saint Kitts and Nevis is another favorite among Palestinians. The Bluemina statistics database shows that in 2019 and 2020 thus far, 95% of the firm’s Palestinian clients who obtained Saint Kitts and Nevis passports were able to enjoy full citizenship along with their families, and half of these included their parents. Additionally, 80% of the firm’s Palestinian clients who obtained Saint Kitts and Nevis passports opened bank accounts in Europe and the Schengen area. Statistics also show that over the past years, 95% of Saint Kitts and Nevis passport holders from Palestine traveled internationally within the first week of obtaining the passport, with no need for an entry visa. On top of that, 70% of Palestinian families with a Saint Kitts and Nevis passport were able to acquire a 10-year US visa. As for investors and holders of Saint Kitts and Nevis passports, they were able to establish companies in Asia, Europe, and Commonwealth countries.
Bluemina is the strongest company in its field, providing the very best citizenship and permanent residency programs in Europe and Commonwealth countries—in addition to the possibility of applying for the United States’ EB-5 program. We can help you get European citizenship in Malta or Turkey, or permanent residency in Malta, Cyprus, Portugal, or Greece. Our Commonwealth partner countries are Saint Kitts and Nevis, Saint Lucia, Antigua and Barbuda, Grenada, Dominica, and Vanuatu. The programs vary depending on the amount and type of investment, as well as what benefits that investor. An applicant may choose to make a one-time, nonrefundable contribution starting from $100,000 or to invest in real estate in exchange for a second citizenship or passport. Bluemina seeks to facilitate procedures for its clients all around the world and guarantees that their applications for a second passport and citizenship, or permanent residency by investment, will be accepted.
Editor’s Notes: Government-approved and licensed firm:
Bluemina Citizenship & Residency works to provide reliable legal services and to ensure that its clients are given the help needed to acquire the many benefits of citizenship and residency by investment. Throughout the years, Bluemina has established many relationships with governments around the world, allowing us to give our clients the best and most reliable service. It is our goal to provide our clients with smooth, swift service based on trust and dependability through our seven global offices.