1. Tax Planning
Second citizenship & residency allows professionals to leverage the tax benefits of low-tax jurisdictions
Increasing levels of national debt is concerning for professionals, since governments subsequently increase taxes in order to reduce it.
Extreme left-wing politics is on the rise in these countries, and citizenship demand is on the rise as a result. Professionals in particular are acquiring second citizenships to mitigate the risks of rising political instability in their country of residence.
For the purpose of protecting family wealth built over generations, and for protecting families from future wealth taxation, second citizenship is an important wealth planning tool in the 21st century for high-net-worth individuals.