Understand the difference between residency and citizenship, and how each supports long‑term family and wealth goals.
Residency grants the right to live in a country, while citizenship provides full political and legal rights including a passport.
Residency Advantages:
- Faster approval processes
- Lower investment thresholds
- Tax planning flexibility Citizenship Advantages:
- Passport privileges
- Full voting rights and protection abroad Many families start with residency programs (e.g., Portugal, Greece, Singapore) before upgrading to citizenship if desired. Choosing between them depends on mobility needs, exit strategies from home jurisdictions, and future generations’ plans.
FAQ:
Q: Is citizenship always permanent?
A: Yes, but it can be renounced if desired.
Q: Can residency lead to citizenship?
A: In many countries, long‑term residency can qualify for naturalization.
User Comments:
- “Residency was enough for us—we didn’t need a second passport.”
- “After five years, we upgraded to citizenship for better mobility.”
Editor's Note:
Plan the path based on your family’s long‑term goals—not just short‑term tax advantages.
Tags: residency programs, citizenship by investment, family wealth, mobility planning
(Editors: admin)