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Since Britain has traditionally been a major provider of immigrants to Australia, the most common dual citizenship available to Australians is British. There are many technological, agricultural options, etcetera, that just aren’t found in an individual’s home market.

Second passports and offshore banking can help diversify your portfolio, protect your assets, and is the first step in moving your assets out of your country. Having a citizen's passport eliminates the need for long-stay visas and any questioning about the purpose of your trip during the customs process. Michael Gebicki For full functionality of this site it is necessary to enable JavaScript. Under this principle, you may be eligible for citizenship of a parent's country of birth.While Australia and most other countries allow their citizens to hold dual nationality, some do not. There are a few other benefits, such as visa-free entry to Chile – Australians pay a reciprocity fee of $US117 ($14$8) – but there are also some downsides as well. British passport holders pay more for an Indian tourist visa for example.A person generally becomes a citizen of the country where they're born, even when the parents are not citizens of that country.
For example, if you are a citizen of the U.S. and a country with mandatory military service, you can lose your U.S. citizenship under certain circumstances, such as if you serve as an officer in a foreign military that is engaged in a war against the U.S. It creates multiple obligations. For example, if you are a U.S. citizen and also a citizen of New Zealand, you can travel more easily between these two countries. Depending on the person’s home tax system, they may not have to report any foreign income. The list includes a few that are predictable, such as China and India, but also some surprises such as Austria and Norway. If your country allows dual citizenship, there is no reason to denounce your original citizenship. Having a second passport or gaining dual citizenship is also a major step in renouncing citizenship completely if becoming free of your home countries tax system is the goal in mind.For those feeling the restriction of the investment opportunities at home, offshore banks offer a wide choice of funds and investments that aren’t available in your home country. The dual citizenship allows them to leave when they feel unsafe or unhappy with conditions. Citizenship also allows you to vote, leave the country for as long as you like, and everything else a person who was born in the nation can do. It has allowed me and my family to live in South Africa, move to the UK and live there for 7