Six Reasons Why Everyone Should Apply For A Second Passport Citizenship Or Residency?

Why Apply For A Second Passport Citizenship Or Residency?

The number of people seeking a second passport, especially high net worth individuals, is growing rapidly.

Holding dual or multiple citizenships is a step to towards ‘internationalizing’ your life so that you are not under the control of a single government.

You have more freedom of movement and do not need to worry about civil unrest or if your government suddenly decides to raise the taxes, which is already happening in the US.

A second passport or residency in another country means you can reap all the benefits of tax optimization, improved travel potential and protection against controlling governments.

Prior to the First World War, you didn’t need a passport for international travel. However, in the last few decades, freedom of movement has been subject to an increasing number of restrictions, including visas and permits to live and work abroad and even to leave some countries. In 2020, UK citizens may have been shocked to be told that it was “illegal to travel”.

Regardless of where you live or how valuable your passport is, you can still benefit from the political diversification that comes with a second passport or permanent residency in another country.

Here are my top 6 reasons why everyone needs a second passport:

1. Financial Options

A second citizenship opens the door to a wider range of international financial services. Governments, for instance U.S. tax authorities, can have a long reach.

2. Foreign Policy Backlash

Western government frequently engage in international conflicts and sanctions, which can make its citizens a target for terrorist attacks.

3. Increased Visa-Free Travel

Applying visas before a trip is time consuming and expensive. A good second passport, such as an Maltese EU passport offers you visa-free access, as well as the ability to live and work throughout the European Union, to more countries than you had before.

4: Avoid People Controls

A second passport or residency gives you an alternative option should your home government introduce restrictions on where citizens can leave.

Preventing people from leaving is no longer the preserve of authoritarian regimes, as passports, the property of the government, can be revoked.

5. Tax

With western governments raising taxes to pay for the lockdown, high net worth individuals can preserve their wealth by relocating their business and residence. This is a complex area and you should take advice.

6. Family Benefits

The benefits and privileges of a second passport can be passed to generations of current and future children and grandchildren.

There are a number of countries offering citizenship or permanent residence in return for investment (e.g. in property, business, bank deposits or government bonds) including EU nations, such as Malta, Cyprus and Portugal, as well as the Caribbean and the Americas.

Schemes range from premier citizenship programmes like Malta CBI, requiring investments of up to one million Euros for fast citizenship for all the family, to residency schemes with the possibility of citizenship in the future.

Malta’s new citizenship programme, introduced 29 March 2021, is the at the top of the Global Citizenship Programs Index (GCPI). Austria’s Private Residence Program and the Portugal Golden Residence Permit Program share top spot in the Global Residence Programs Index (GRPI).

Candidates for second citizenship come from Russia, China, The Middles East, Africa and increasingly the US and UK.

These are not skilled worker schemes and you will need around $500,000 to become an EU resident. For those with less capital, there are cheaper options in places like Panama, Ecuador and former Eastern Bloc countries. All countries want to attract investment and high net worth people to boost their economy.

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In this job you will never run out of work!

In these uncertain and rapidly changing times, it is important to choose an occupation which gives you some guarantee of a long-term future.

In the UK, the Home Office publishes an official list of ‘shortage occupations’, for which a qualified and experienced overseas migrant may qualify for a Skilled Worker visa.

The list includes jobs such as, Health Service and Residential Day Care or Domiciliary Managers, various scientists and engineers, web development professionals, nurses and senior care workers.

The official government list for working visa qualification, only covers a fraction of the huge labour shortages in the UK.

According to the report by Luminate, the following industries experienced a particularly large number of hard-to-fill vacancies at professional level:

·        architectural and engineering activities

·        computer programming and consultancy

·        education

·        employment and HR

·        financial services

·        human health activities

·        legal and accounting services

·        office administrative, support and business activities

·        public administration and defence

·        residential care activities

·        retail trade

·        social work.

However, both of these lists contain glaring omissions- green jobs. In order to meet climate change targets, industry will need hundreds of thousands of skilled workers to fill new ‘green’ jobs.

For instance, is estimated that 23 million gas boilers will need to be replaced in the UK, but there are not enough trained engineers to do the work. There is a shortage of 100,000 boiler engineers right now!

Boiler engineers will have jobs for life replacing old boilers with electric and hydrogen boilers and servicing the new boilers.

Millions of petrol and diesel cars will have to be replaced as governments around the world tax them out of existence. This will create a huge number of new skilled jobs.

China is investing massively in new technology and green energy, as is the UK. The US could be left behind in what’s being called China’s century.

The 20^th Century was America’s, after Great Britain’s empire started to unwind following the German led First and Second World Wars.

China is effectively colonising the world’s resources through trade rather than war.

If you exclude the disastrous Chairman Mao century, China was one of the leading economies in the world in 18 of the last 20 centuries?

The UK government recently announced a massive retraining programme to reskill millions of workers whose jobs have become redundant due to new technology.

The important word is “skilled”. Tens of millions of unskilled, as well as many skilled and technical jobs in accounting and law, will disappear in the next decade, so prepare yourself.

Self-driving vehicles, AI and robotic technology are already here!

Education is key to your future. Not just formal education, but also relevant vocational and on-the-job training in which you can ‘earn while you learn.

An increasing number of people prefer to quit the rat race and start their own businesses, which is great.

Caution. Don’t fire your boss until you can replace your salary with your new business and do not spend all your savings or borrow to set up an expensive physical business like a shop.

An ideal way to start is to set up a part-time online business, which you can run from home with little or no capital.

With this in mind, I’m offering 3 free coaching calls sessions to anyone who is prepared to take the time and effort to learn and master money and business. Check the link in the next 24 hours on my Charles Kelly Marketing Facebook page https://www.facebook.com/CharlesKellyMarketer.

UK Government’s Official Shortage Occupations List 2021

 

 

Occupation code	Job types included on the shortage occupations list	Areas of the UK where there is a shortage	Annual salary (80% of going rate)
1181	Health services and public health managers and directors – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £30,720 (£15.15 per hour)
1242	Residential, day and domiciliary care managers and proprietors – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £21,360 (£10.53 per hour)
2111	Chemical scientists – only jobs in the nuclear industry	Scotland only	80% of going rate: £21,360(£10.53 per hour)
2112	Biological scientists and biochemists – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £23,760(£11.72 per hour)
2113	Physical scientists – only the following jobs in the construction-related ground engineering industry: engineering geologist hydrogeologist geophysicist	England, Scotland, Wales, Northern Ireland	80% of going rate: £29,200(£14.40 per hour)
2113	Physical scientists – only the following jobs in the oil and gas industry: geophysicist geoscientist geologist geochemist technical services manager in the decommissioning and waste areas of the nuclear industry senior resource geologist and staff geologist in the mining sector	England, Scotland, Wales, Northern Ireland	80% of going rate: £29,200(£14.40 per hour)
2114	Social and humanities scientists – only archaeologists	England, Scotland, Wales, Northern Ireland	80% of going rate: £20,720(£10.22 per hour)
2121	Civil engineers – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £28,000(£13.81 per hour)
2122	Mechanical engineers – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £26,720(£13.18 per hour)
2123	Electrical engineers – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £29,600(£14.60 per hour)
2124	Electronics engineers – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £27,760(£13.69 per hour)
2126	Design and development engineers – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £27,280(£13.45 per hour)
2127	Production and process engineers – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £26,480(£13.06 per hour)
2129	Engineering professionals not elsewhere classified – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £26,160(£12.90 per hour)
2135	IT business analysts, architects and systems designers – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £29,280(£14.44 per hour)
2136	Programmers and software development professionals – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £26,640(£13.14 per hour)
2137	Web design and development professionals – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £20,800(£10.26 per hour)
2139	Information technology and communications professionals not elsewhere classified – only cyber security specialists	England, Scotland, Wales, Northern Ireland	80% of going rate: £25,440(£12.54 per hour)
2216	Veterinarians – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £26,000(£12.82 per hour)
2425	Actuaries, economists and statisticians – only bio-informaticians and informaticians	England, Scotland, Wales, Northern Ireland	80% of going rate: £26,240(£12.94 per hour)
2431	Architects – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £28,000(£13.81 per hour)
2461	Quality control and planning engineers – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £24,400(£12.03 per hour)
3111	Laboratory technicians – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £14,560 (£7.18 per hour)
3411	Artists – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £16,800(£8.28 per hour)
3414	Dancers and choreographers – only skilled classical ballet dancers or skilled contemporary dancers who meet the standard required by internationally recognised UK ballet or contemporary dance companies. The company must be endorsed as being internationally recognised by a UK industry body such as the Arts Councils (of England, Scotland or Wales).	England, Scotland, Wales, Northern Ireland	80% of going rate: £23,840(£11.76 per hour)
3415	Musicians – only skilled orchestral musicians who are leaders, principals, sub-principals or numbered string positions, and who meet the standard required by internationally recognised UK orchestras. The orchestra must be endorsed as being internationally recognised by the Association of British Orchestras.	England, Scotland, Wales, Northern Ireland	80% of going rate: £22,000(£10.85 per hour)
3416	Arts officers, producers and directors – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £24,000(£11.83 per hour)
3421	Graphic designers – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £18,800(£9.27 per hour)
5215	Welding trades – only high integrity pipe welders, where the job requires 3 or more years’ related on-the-job experience. This experience must not have been gained through illegal working.	England, Scotland, Wales, Northern Ireland	80% of going rate: £18,240(£8.99 per hour)
6146	Senior care workers – all jobs	England, Scotland, Wales, Northern Ireland	80% of going rate: £13,520 (£6.67 per hour)

 

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New Global Talent Visa Route

Migrants who have gained prestigious awards from across the sciences, humanities, engineering, the arts and digital technology will be able to take advantage of changes to the Global Talent visa route.

The Home Office said those currently on the Global Talent route - which came into force in February 2020 and has been used by thousands of people to migrate to the UK - must apply successfully to one of six endorsing bodies.

The new visa route allows applicants who hold a qualifying prize to fast track the endorsement application and instead make a single visa application.

The eligible prize winners include:

•       Science, technology, engineering and maths: Nobel Prize winners in physics, chemistry, economic science and medicine; Queen Elizabeth Prize for Engineering; Fields Medal; Turing Award

•       Music: Brit Award - International Male/Female; Mobo - Best International Act; Grammys - Lifetime Achievement Award

•       Film, TV and theatre: Various Academy Award and Golden Globe categories; Bafta - Best Film Actress/Actor/Director; various Tony Awards and Olivier Awards

•       Arts and literature: Dorothy and Lillian Gish Prize; Hugo Boss Prize; Nobel Prize for literature

The Home Office confirmed that recipients of approved awards across dance, fashion, architecture, and social sciences will also be included.

The Home Office has worked with the endorsing bodies to draft the initial list of qualifying prizes, which will be kept under review.

The full list of the qualifying awards:

•       Science: Nobel Prize - Physics; Nobel Prize - Chemistry; Nobel Prize - Medicine; Fyssen International Prize

•       Engineering: Charles Stark Draper Prize for Engineering; Millennium Technology Prize; Queen Elizabeth Prize for Engineering

•       Social Science: Nobel Prize - Economic Science; Holberg Prize; Balzan Prize

•       Mathematics: Fields Medal

•       Computing: Turing Award; ACM Prize in Computing

•       Literature: Nobel Prize - Literature

•       Arts: Dorothy and Lillian Gish Prize; Hugo Boss Prize

•       Fashion: Fashion Award - Designer of the Year; Fashion Award - Accessories Designer of the Year; Fashion Award - Outstanding Achievement

•       Architecture: Royal Gold Medal; Pritzker Prize

•       Dance: Bessie - Outstanding Performer; Critics' Circle National Dance Awards - Best Male; Critics' Circle National Dance Awards -Best Female

TV and Film: Academy Awards - Actor in a leading role; Academy Awards - Actress in a leading role; Academy Awards - Cinematography; Academy Awards - Directing; Academy Awards - Writing (adapted screenplay); Academy Awards - Writing (original screenplay); BAFTA - Best Film Actor; BAFTA - Best Film Actress; BAFTA - Film Director; Golden Globes - Best Actor in a Motion Picture; Golden Globes - Best Actress in a Motion Picture; Golden Globes - Best Actress Musical/Comedy; Golden Globes - Best Actor Musical/Comedy; Golden Globes - Best Actor in a TV Motion Picture; Golden Globes - Best Actress in a TV Motion 

New Traffic Light System Will Regulate Overseas Holiday Travel And UK Visitors

Starting 17 May, people in England will be permitted to take holidays abroad in a small number of countries.

Portugal and Israel are among countries on the government's green list, which tourists will be able to visit without having to quarantine on their return.

Countries are in three categories - green, amber and red. Green countries have the fewest rules.

Their status depends on the number of Covid-19 cases in each country and the success of their vaccine rollout.

Scotland, Wales and Northern Ireland have not yet announced plans to restart foreign holidays.

Which countries are UK holidaymakers permitted to visit?

There are only 12 countries and territories on the green list so far - these are:

·        Portugal

·        Israel

·        Singapore

·        Australia

·        New Zealand

·        Brunei

·        Iceland

·        Gibraltar

·        Falkland Islands

·        Faroe Islands

·        South Georgia and the Sandwich Islands

·        St Helena, Tristan de Cunha and Ascension Island

The list will be reviewed every three weeks, and countries can be added or removed at short notice. Although on the UK green list, Australia does not currently allow UK visitors.

What are the rules for visiting a green list country?

Green List

Travellers will need to:

·        Take a private Covid test in their holiday destination, before returning - this can be a lateral flow test or a PCR test

·        Fill in a passenger locator form online before leaving their destination

·        Take a private PCR test on or before day two of their arrival in England

·        No need to quarantine on return, or take additional tests, unless the post-arrival test is positive

The cost of a private PCR test varies between suppliers, but the transport secretary said he hoped prices could come down to less than £50 per person. Tui Group is offering test packages for between £20 and £90.

Amber List

Travellers returning from amber list counties will need to:

·        Take a private Covid test in their holiday destination, before returning

·        Fill in a passenger locator form online before leaving their destination

·        Self-isolate at home for 10 days

·        Take a private PCR test on or before day two of their arrival in England and again on day eight

·        Take an optional further PCR test on day five, under the existing test to release scheme, to end self-isolation early

Red List

Rules will be similar to those already in place for current red list countries, including India, Pakistan, Philippines, Qatar, Peru, Brazil and South Africa.

Turkey, the Maldives and Nepal have now been added to the list, making a total of 43 countries.

People can only enter the UK if they are a UK or Irish national (or UK resident).

Travellers will have to:

·        Take a private Covid test in their holiday destination, before returning to England

·        Fill in a passenger locator form online before they leave their destination

·        Book a 10-day hotel quarantine and testing package for each member of their group before departure

·        Take a private PCR test on or before day two of their arrival in England and again on day eight

Countries can be added to the red list at short notice. If a country's status changes while you are visiting, you would have to follow the stricter rules on your return.

·       The European Commission has recommended allowing travel for anyone who has received the last dose of an EU-approved vaccine at least two weeks beforehand. Vaccines used in the UK would qualify

·        Greece's tourism minister tweeted that tourism will reopen on 14 May, but with five security levels

·        Portugal and Cyprus hope to welcome UK tourists from mid May

·        Spain hopes to open up from June, assuming the EU-wide digital certificate is in place

·        France says tourists with a French Covid-19 "health pass" (TousAntiCovid) will be allowed from 9 June

How can travellers prove they've been vaccinated?

From 17 May the NHS app will include a feature allowing users to demonstrate they have had both vaccine doses.

The system will be incorporated into the main NHS app, rather than the NHS Covid-19 app currently used for contact tracing.

The hope is that this can be used as proof of vaccination when people holiday abroad. A letter can also be requested.

What are the current international arrival rules?

At the moment, people in England face a £5,000 fine for having a holiday abroad and must fill in a travel declaration form with a valid reason for their journey.

Before travelling:

You must take a Covid-19 test (in the three days before your departure).

You must book and pay for two PCR tests for your UK quarantine, unless you are exempt and complete a passenger locator form.

Upon arrival:

You must travel directly to your home/place you're staying and not leave for 10 days.

Only use public transport if you have no other option.

Day one of quarantine is your first full 24-hour day in the UK. Rule-breaking fines are £10,000.

Common Travel Area arrivals (Ireland, Channel Islands, Isle of Man) do not have to arrange tests, fill out the locator form or quarantine.

There is separate advice for quarantining in:

·        Scotland

·        Wales

·        Northern Ireland

When would I need to quarantine in a hotel?

Anyone allowed to enter England from a red list country (or who has passed through one in the previous 10 days) must quarantine for 10 full days in a managed facility, rather than a private address.

You will need to agree to book and pay for a quarantine package in advance.

·        10-day (11-night) rate for one adult in one room is £1,750

·        Additional rate for one adult (or child over 11) is £650

·        Children aged five to 11 are charged £325

You can be fined £10,000 or jailed for not providing accurate details of countries you visited.

China Vaccine Approved by WHO

The World Health Organization has granted emergency approval for the Covid vaccine made by Chinese company Sinopharm - the first vaccine developed by a non-Western country to get WHO backing

Source: BBC and UK Government