Dual citizenship: which countries are allowed and what are the benefits

Many countries allow for multiple nationalities, and of the world's population, only about 15% have citizenship in developed countries, including the EU, Canada, Australia, Japan, South Korea, and the United States. This not only gives the benefit of having citizenship in these countries, but also a sense of increased value of the passport when traveling abroad.

By 2020, 76% of countries had adopted a favorable attitude towards dual/multiple citizenship. Oceania led the way with the highest level of approval for dual citizenship (93%), followed by the Americas (91%), Asia (85%), Europe (80%), and then Africa (70%), Insider Monkey writes.

Multiple citizenship offers many advantages. For example, Americans are actively seeking multiple passports as insurance against economic shocks. They increasingly consider Europe a viable second home.

Increased global mobility can unlock numerous economic benefits. Therefore, it is not surprising that many millionaires from the country are moving to Europe or the Caribbean using citizenship-for-investment schemes.

In addition, dual citizenship also enables people around the world to relocate for a better quality of life, better education, and higher-paying job opportunities.

TOP countries with dual citizenship

Luxembourg citizenship opens up 191 visa-free destinations. Luxembourg is known to be one of the richest countries, boasting a strong economy that can be extremely profitable for different types of investors. Their reputation as an investor-friendly country further enhances their value. Among other advantages, the country can offer lower taxes, which makes its citizenship even more attractive.

UK citizenship provides access to a high quality of life, including access to excellent healthcare and education, as well as better employment opportunities. This attractiveness is further enhanced by the fact that obtaining UK citizenship does not require renunciation of another country's citizenship. UK citizenship can be acquired in a variety of ways, including birth, descent, marriage, EU settlement, naturalization, investment, registration and adoption.

Citizenship of Finland opens a visa-free path to 192 countries. The country ranks high in almost every aspect of human life, such as quality of life, health, education, work-life balance, job opportunities, global mobility, human rights and living environment, Finland has become a magnet for immigrants. Finland is among the countries that allow dual/multiple citizenship, providing the opportunity through various means, including birth, adoption or descent, naturalization and investment.

A French passport is of great importance as it offers visa-free travel to a significant number of countries for hassle-free travel. In addition, France provides access to a high quality of life that includes education, healthcare, and a developed economy. The country's acceptance of dual/multiple citizenship adds to its appeal, making it one of the best options for expats. As in other countries, citizenship can be acquired in a variety of ways, including birth or adoption, descent, marriage, naturalization, and investment.

Another country that allows dual citizenship is Italy, which is attractive because of its high quality of life, greater mobility for travel, and numerous job opportunities. Combined with the recognition of dual/multiple citizenship and the absence of a requirement to renounce primary citizenship, Italy may prove to be a safe haven for people moving to Italy for permanent residence. Italian citizenship can be acquired through birth, marriage, naturalization and investment.

Other attractive countries with dual citizenship:

Jamaica - visa-free destination: 86;

Dominican Republic - visa-free destinations: 142;

Grenada - visa-free destinations: 143;

Saint Lucia - visa-free destinations: 143;

St. Vincent and the Grenadines - visa-free destinations: 152;

Antigua and Barbuda - visa-free destinations: 152;

St. Kitts and Nevis - visa-free destinations: 154;

Canada - visa-free destinations: 188;

Australia - visa-free destinations: 188;

United States of America - visa-free destinations: 188;

Switzerland - visa-free destinations: 190;

Earlier, TravelWise reported on the different types of passports issued in Malaysia.