Dual citizenship is a situation where a person is a citizen of two countries at the same time. In the case of Dual citizenship in the Philippines, the person must have citizenship of the Philippines and any other country. As this type of citizenship opens many opportunities, many people are now applying for it.
Talking in legal terms, RA 9225 or the Citizenship Retention and Re-Acquisition Act of 2001 is a law that describes citizenship law. Under this law, a natural-born Filipino may re-acquire Filipino citizenship without renouncing their acquired citizenship, essentially giving them “dual citizenship.”
Now such a type of citizenship comes with many advantages, so let’s talk more about it. These are some of the benefits of dual citizenship and why you can consider applying for it.
Property Ownership
This is one of the best economically beneficial advantages of dual ownership. In some countries, there is a prohibition on owning property or land; you can buy property in both countries without restrictions. You can buy a house or rent a condo in both countries. This can be an upper hand for those who keep frequently traveling as having your place is economically beneficial.
Two Passports
Having two passports can make your international travel much more accessible. Not only do you get the permit, but it also helps you save a lot on visa fees. Japanese passport holders have permission to enter 192 countries, making them top among the world’s most powerful passport holders. Having such a globally accepted passport along with your Filipino passport gives you the convenience of traveling for work and vacation.
Social and Political Rights
International traveling gives you a sense of cultural belonging; when you travel somewhere, you learn their culture and become a part of their community. Dual citizenship offers you a global connection, but you are entitled to some legal rights such as voting. A person holding dual citizenship also possesses the power to Vote as per the law of the local government.
Business Opportunities
When you can travel to two different countries, it doubles your chances of exposure to good opportunities. If you are a business person, you can expand it across the seas and take it to the next level without any restrictions from the government.
International investing is very popular in real estate. Investors buy properties and developments and do business internationally.
You can say that dual citizenship receives dual advantages and opportunities. With dual citizenship, you get the comfort of belonging to two different countries, but the country might have its own policies concerning your citizenship. So before you go for it, make sure that you are well acquainted with all the regulations and Laws. These policies might be hard to understand for someone, so it will be helpful if you comprehend things at your level.
But one easy thing is buying properties in the Philippines with a genuine and established brokerage. You can check condos for sale, townhouses for sale, and many other properties and live your dream of having a dual citizenship!