The acquisition of second citizenship could save your life in times of political unrest, civil war or similar situations. In this increasingly dangerous world, acquiring a second citizenship is a wise and future-proofing decision. Not without reason, thousands of international business people, wealthy individuals, and families buy an alternative, second citizenship every year. This second citizenship is regarded as additional life insurance or as a protective shield for the spouse and the children.
In addition, a second citizenship can also serve to lower your taxes and protect your assets. It allows for better protection of assets, greater financial privacy, higher returns, greater personal and financial security, and deferred taxes on pensions and life insurance. For example, opening a foreign bank account with a second nationality is much easier. Such an offshore bank account would allow you to buy securities and funds in financial markets around the world.
If you travel with this extra passport, you will also avoid the entry/exit stamps in your current passport from countries where your government limits travel.