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What is the Meaning of Dual Citizenship?

By Sakshi Srivastava - 11 Mar 2022 Last Updated: 11 Mar 2022
What is the Meaning of Dual Citizenship?

To put it simply, it implies you have dual citizenship in two nations. Furthermore, you may believe that dual citizenship is only for spies and wealthy, but this is not the case. So, how can you obtain dual citizenship? We'll discuss the best ways to obtain a second passport and how to make your decision.

What is the definition of Dual Citizenship?

Dual citizenship can be define as following

  • Dual citizenship, also known as dual nationality, occurs when a person is a citizen of two countries at the same time.
  • When a person has dual citizenship, he or she is a citizen of two or more nations at the same time.
  • You have all of the rights and duties that come with each citizenship, regardless of where you live.
  • You don't have to reside in a nation or even visit there to be a citizen. Surprisingly, a person may be unaware that they are a dual national.

Each country has its own set of citizenship laws. You have dual citizenship if more than one country acknowledges you as a legitimate citizen under their laws.

Dual Citizenship in UAE

The United Arab Emirates announced significant changes to the UAE citizenship law on Saturday, allowing for the naturalization of investors, scientists, doctors, engineers, artists, and talented people, among other categories, as well as their families (spouse and children).

The decision is a total departure from the old GCC practise of only awarding visas to foreign nationals, and it intends to maintain the talent and contributions of skilled UAE expats in the country.

Those eligible for UAE citizenship will be nominated by the UAE cabinet, local courts, and executive councils. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, announced the news on Twitter.

“We adopted law amendments that allow granting the UAE citizenship to investors, specialized talents and professionals, including scientists, doctors, engineers, artists, authors and their families. The new directives aim to attract talents that contribute to our development journey,” His Highness Sheikh Mohammed remarked on Twitter.

The latest reforms to UAE citizenship law will entice top talent to the country while also preserving the contributions of talented expats in the area. The right to form or own economic companies and properties, as well as other perks granted by federal authorities, are among the many benefits of UAE citizenship.

According to the new citizenship law, persons who are granted UAE citizenship and a passport will be able to retain their current citizenship (s).

Eligibility for UAE Citizenship and Passport 

The new law categorizes UAE expats who are eligible for UAE citizenship and a passport into the following categories:

  • Investors who own real estate in the UAE
  • Doctors, engineers, and scientists with ten years of experience or more
  • Investors that have at least one patent that has been recognized by the UAE Ministry of Economy
  • Intellectuals and artists who have received an international award

With the new UAE citizenship changes, the UAE becomes the 13th country to offer investors a safe and trustworthy path to second citizenship and a passport.

Over the previous three years, the United Arab Emirates' residency regulations have gradually changed. In 2018, the nation began issuing 5-10 year visas to a select set of foreigners. In 2019, the UAE implemented the "Golden Card" permanent residence system.

Benefits of Dual Citizenship

Obtaining second citizenship and a passport opens the door to numerous benefits, including a safe and stable political climate, visa-free travel to hundreds of countries and territories, the opportunity to develop your business activities in a prosperous economy, quality education opportunities, world-class healthcare, and, most importantly, access to business opportunities and global markets. Without a doubt, it is quickly becoming a favorite investment for MENA entrepreneurs.

Other advantages of having dual citizenship include

  • Register assets with no limitations.
  • Create corporations and bank accounts at your ease.
  • Enhance the quality of life and security for your family.
  • Take complete command of you and your family's assets.
  • The government citizenship law protects them.

How can you renounce your Citizenship?

Most countries have laws governing how a citizen's citizenship can be revoked or lost.

If you go this route, you'll usually contact the relevant government office or your local embassy. They'll be able to walk you through the prerequisites.

 

International law attempts to keep people from becoming stateless, which mean that you can only give up citizenship if you can replace it.

Be careful that once revoked, you may not be able to recover it.

Conclusion

Dhanguard is a financial consulting organization that specializes in investor programmes for residency and citizenship, and we see ourselves as the vital link between dreams and reality. We offer a personalized service experience underpinned by long-term relationships. We play an important role in assisting consultants, legal and financial specialists, and investors in achieving their goals in a timely, cost-effective, and responsible manner.

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