Summary
Business owners are increasingly viewing second passports or foreign residency as strategic business tools rather than lifestyle luxuries. The article explains that entrepreneurs pursue additional citizenship to strengthen resilience, expand global mobility, and reduce dependence on a single country’s political or economic system. A second passport can ease travel, support entry into new markets, and simplify cross-border operations, especially within regions like the European Union. It may also help business owners widen their hiring pool and improve supply chain flexibility. However, the process involves legal, tax, and financial complexities, requiring careful due diligence and professional guidance before committing.
Kiplinger
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