European citizenship is considered very prestigious and has many advantages. If you aren’t born in one of the countries on the continent, you still have an opportunity to gain local ID. The procedure isn’t simple and requires a lot of effort, time and money to gain local ID. Usually, authorities issue passports to foreigners after 7-12 years of residence in the country. However, investment programs allow the applicant to become a holder of status much faster.
The benefits of a second passport in Europe
Many want to get a second citizenship because they understand what opportunities will be opened to them. For entrepreneurs, this is a great way to expand a business, gain access to global banks and financial instruments. European citizenship also has other benefits for living, including:
travel to the Schengen and the EU countries without the need to prepare a visa;
favorable prices for obtaining a degree in European universities and the possibility of free education;
access to the best medical institutions in the world, not only in the country where the passport was issued but throughout the EU;
the possibility of inheritance for 3 generations.