Residency and citizenship are often confused, but they serve different strategic purposes.
Residency grants the right to live in a country, while citizenship confers full rights, including voting and passport issuance.
Residency is often faster, cheaper, and easier to obtain—ideal for immediate mobility or tax purposes. Citizenship, however, provides permanence and security, making it attractive for legacy planning.
Families may hold multiple residencies but pursue only one or two citizenships. The choice depends on mobility goals, tax implications, and succession planning.
FAQ:
- Q1: Can residency lead to citizenship? Often, after 5–10 years.
- Q2: Is citizenship always better? Not necessarily; residency may be enough. User Comments:
- “Residency was sufficient for us in Spain; citizenship wasn’t necessary.”
- “We pursued Caribbean citizenship for global travel.” Editor's Note: Think strategically: residency offers flexibility, citizenship offers permanence. Tags: Residency, Citizenship, Investment Migration