Dubai, United Arab Emirates Jul 19, 2018 (Issuewire.com) - According to Passport Index 2018, the European passports are ranked amongst the most powerful passports in the world. German passport holders can travel to 164 countries without a visa.
However, the quality of life in the European, including health care, employment opportunities, and education is at its highest standards. EU citizens seem to have found peace.
And whilst the process itself can sometimes take a long time, the benefits of having an EU passport far outweighs the inconvenience of having to deal with governmental authorities.
“As an EU citizen, you won’t need a visa to travel anywhere within the EU and you’ll automatically have the right to medical treatment in any EU country. If you’d like to further your education, then having an EU citizenship could allow you to attend a university within the EU for no fee, or low fees and you could end up saving a huge amount of money on your business tax bill. Additionally, if a business is registered in two countries, it will not be taxed twice over. Thus, you could end up saving a huge amount of money on your business tax bill,” said Azzam Mohammed, Founder & CEO, Citizenshipfit company, one of the very few companies in the Middle East that provides legal consultation and transparent advice on second-passport-related issues.
Europe remains a dynamic cultural and economic global powerhouse, with an internal single market open to over 500 million citizens and residents. And it values the freedoms, rights and legal protections the EU membership provides.
European passports allure the attention of young professionals, investors and high- net-worth individuals. And such European countries as Malta or Cyprus offer tailor-made citizenship programs which are set to allure business migrants, who pay up to 2M Euro for the privilege.
Experts at Citizenshipfit company, one of the industry leaders in second citizenship solutions often quoted in media articles including the CNN, Guardian and Sunday Times, sheds light on some of the less commonly known benefits of having an EU citizenship.
- Privacy
The EU has been concerned about how its people’s data is collected and managed for some time and has recently introduced the General Data Protection Regulation (GDPR). It represents one of the most robust data privacy laws in the world, protecting citizens’ fundamental rights to privacy. GDPR covers data collection, storage and usage, including the right to data portability, which allows individuals to move their personal data from one service provider to another. EU regulations offer a layer of privacy regarding taxation that is not available in many parts of the world.
- Safety
The EU has one of the world’s toughest product and food safety regulations. National authorities in the European Union send information about hazardous products found on the market to the rapid alert system for dangerous non-food products. Not to mention that the EU is also committed to the detection of unsafe products; thus, advise the consumers before the sale. In the EU, employers need to ensure free health and safety for workers in every aspect of their work.
- Identity
The European heritage gives its citizens prestige and cultural benefits. The sentimental value that comes from reconnecting with European roots cannot be quantified yet is one of the most beneficial aspects of reclaiming EU citizenship by descent.
- Fast tracking through custom
If you’ve ever had to stand in a long queue with non-EU citizens before getting out of the airport, you will appreciate having an EU passport even more.
- Plan B
An EU passport allows unlimited travel, safe passage and consular assistance for you and your family in situations beyond your control.
- A gift for your children and grandchildren
EU citizenship can be passed onto your children and grandchildren, opening a world of opportunities to them.
- Career opportunities
European employers look for mobile, culturally aware, bilingual professionals with experience in international settings. They prefer to work with dual citizens as they do not need visas. Business owners with dual citizenship benefit from the single economic EU zone without facing the restrictions applied by non-EU citizens.
“Being an EU citizen grants you access to social security systems which will give you the peace of mind that you will be able claim benefits should you be unable to work for some reason such as illness, a disability or being unable to find employment for an extended period of time.”, Mr Mohammed adds.
About Citizenshipfit
Citizenshipfit is a leading advisor in residence and citizenship planning. Each year, hundreds of well-off individuals, families and their advisors rely on our expertise and experience in this area. Our highly-qualified professionals work together as one team in over 15 offices worldwide.
As globalization has expanded, residence and citizenship have become topics of significant interest among the increasing number of internationally mobile entrepreneurs and investors whom we proudly serve every day.
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