How can Citizens of Countries that Restrict Dual Citizenship obtain Residency by Investment?

What is a dual citizenship and how to obtain it?

Dual citizenship, also known as dual nationality, refers to the legal status of an individual who holds citizenship in more than one country simultaneously. It’s essential to understand that even if you acquire citizenship in another country, you remain subject to the rights and obligations of your original nationality. Holding dual citizenship can be legally complex, and the ways to obtain it typically include:  

• Marriage - Gaining citizenship through marriage allows a foreigner to become not only a permanent resident but also a full citizen of a country by legally marrying a citizen or permanent resident.

• Naturalisation – A non-citizen may acquire citizenship through this legal process. The requirements vary by country but generally involve a pledge to obey the country's laws, an oath of allegiance, and often a minimum period of residency, along with knowledge of the national language and culture.

• Birth - Jus soli, or "right of soil," grants citizenship to individuals born within a country’s territory, regardless of their parents' nationality.

• Descent (Parents or Grandparents) - Jus sanguinis, or "right of blood," is a principle where citizenship is inherited through one or both parents.

• Economic Investment - Citizenship by investment involves obtaining a second citizenship by making a substantial financial contribution to a country, often through government funds or real estate investments.

Obtaining a second citizenship is increasingly becoming a key component of long-term investment strategies for high-net-worth individuals. Whether the goal is to travel more freely, open international opportunities for your children, or retire in an idyllic setting, an additional citizenship can significantly expand the horizons for you and your family.

But what if you come from a country that doesn’t permit dual citizenship? Nations like Singapore, China, Malaysia, India, Saudi Arabia, and the UAE, among others, restrict dual citizenship. Pakistan allows dual citizenship with a limited number of countries, but few of these offer citizenship by investment. For many, the prospect of renouncing their original citizenship is a step too far.

So, what options are available for people from these countries who still want to enjoy the benefits of a second citizenship? Our Head of Citizenship and Residency, Matthew Green, explores the available pathways that allow you to retain your existing citizenship while gaining the benefits of residency abroad.

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USA: EB-5 Investor Visa

The 1990 Immigration Act established the EB-5 Investor Visa, which has since become a popular pathway for foreign investors and their families to obtain a Green Card. The primary goal of the EB-5 program is to stimulate the U.S. economy through job creation. In return, investors gain permanent U.S. residency.  

To qualify, an investment of US$1.05 million is required, or US$800,000 if investing in a Targeted Employment Area. This investment must create 10 full-time jobs. The most common approach is to invest through a regional centre, where your investment and job creation are professionally managed on your behalf.  

Once you have obtained your Green Card, you are free to live and work in the U.S. permanently. While there is a route to citizenship for those who seek it, it is not a requirement, allowing you to remain in the U.S. while keeping your original passport

Access our EB-5 Investor visa factsheet here.

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Portugal: Golden Visa Program

Portugal's Golden Visa program is the most popular among its European counterparts, offering investors significant flexibility. Although Spain and Greece offer similar programs, Portugal’s stands out for its adaptability.  

By investing €500,000 into qualifying investment funds, you can secure the right to live, work, and retire in Portugal, along with visa-free access to the rest of the Schengen region. You can include your spouse, dependent children, and both your and your spouse’s parents under a single application. To maintain legal residency in Portugal, you need only spend one week there during your first year on the program, and then two weeks every two years thereafter. After five years of legal residency, you have the option to become either a permanent resident or a citizen of Portugal.

This flexibility is particularly appealing to those from countries that do not permit dual citizenship. You can simply opt for permanent residency and avoid any issues, while your children—who may not share the same loyalty to your home country—can choose to become European citizens. Everyone on your application is treated as an individual, allowing each person to decide between citizenship or permanent residency.

Access our Portugal Residency by Investment factsheet here.

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UAE: Golden Visa

The United Arab Emirates, known for its glittering skyscrapers and luxurious lifestyle, especially in Dubai, offers an attractive option for those seeking residency without the complexities of citizenship. By investing a minimum of AED 2,000,000 (approximately US$545,000), you can obtain the UAE’s Golden Visa. This visa allows you, your spouse, and unmarried children to live, work, study, and retire in the UAE without needing further visas or sponsorship.

The UAE is renowned for its tax-free personal income policy, robust economy, and abundant career opportunities, making it a prime destination for professionals and entrepreneurs alike. The Golden Visa is valid for 5 years and can be easily renewed, providing long-term stability and security for your family.  

While there is no direct pathway to citizenship, the benefits of UAE residency are considerable. The UAE offers a high standard of living, world-class infrastructure, and a central location that bridges the East and West. For those who prefer to keep their original citizenship but want to enjoy the benefits of living in a dynamic, cosmopolitan environment, the UAE’s Golden Visa is an excellent choice.

Access our UAE Residency by Investment factsheet here.

Explore Your Residency Options with Expert Guidance

Navigating the complexities of residency by investment, especially when dealing with dual citizenship restrictions, can be challenging. At Melbourne Capital Group, we specialise in helping individuals and families like yours find the best pathway to secure a second residency without compromising your existing citizenship.

To gain deeper insights, watch our Head of Citizenship and Residency, Matthew Green, as he walks through a scenario of how we helped a couple from different nationalities successfully obtain the Portuguese Golden Visa.  

Watch the video here.

Take the next step towards your global future—let us guide you through every stage of the process. Email matthewgreen@melbournecapitalgroup.com to schedule a complimentary consultation now.