Những lợi ích của việc định cư tại nước ngoài

Freedom

Overseas settlement generally has many benefits for investors and their families when settling in a developed country. The first thing to mention is the freedom in:

• Enjoying universal education, public health care, and health care for the whole family: In some European countries, people also receive comprehensive and almost free health care, and their children can go to school for free in a modern learning environment and advanced teaching methods.
• Equality and independence in terms of gender and race: In some developed countries such as Norway, Sweden, Canada, Iceland, and Finland, gender and race equality are all important. Both men, women, and people of the third gender have equal roles and positions, creating conditions and opportunities to develop their abilities for the development of the family and the community. The results of that development will be enjoyed equally.
• Living environment: Environmental pollution is one of the difficult problems of countries around the world. However, there are still countries known for their green - clean - beautiful environment, contributing greatly to the green planet. For example, Switzerland, France, Malta or Denmark ... have high rankings with a scale of 80/100.
• Investment, business: Each country operates according to different economies, based on economic stability, people will predict the growth rate in the future. However, many countries have political instability leading to economic fluctuations. Businesses often focus on developing areas without much political volatility, with good protection, some areas have clearly defined and fully legal rights and transparent judicial processes in case of incidents to place parent companies to ensure safety.
• Livelihood opportunities: Jobs are plentiful and well-paid, for developing and developed countries, this is a good foundation for individuals or small businesses to start up.
• Safe life: Even if life is stable and peaceful, you will always feel worried that you will be attacked or your children will be caught in danger. As people become richer, they tend to look for a safe settlement environment, where they will not have to worry about the risks that will happen to their families. This is possible with a second citizenship or permanent residency that will allow you and your family to move freely to safer countries.
• International mobility: In top countries with high positions, there is often the right to enter more than 180 countries, including countries in the European Union and the Schengen area. Free movement between countries will be convenient for traveling, visiting relatives, and doing business in other countries.
• Freedom of speech and self-expression: If you live in a developed country and never have to worry about freedom of speech and self-expression, that is a blessing. However, most countries in the world do not guarantee these basic rights to their citizens.

Prepare a plan B with a second nationality

Every citizen has great expectations for their country, but not every country is stable in terms of economy, politics, people, environment, wars constantly break out between neighboring countries... At this time, you will have to think, "What will happen next?" and start worrying about the future of your family and yourself.

Even if your family is very rich, but when problems happen in your country, you will become a nomad.

Imagine if you have a Schengen visa or a US visa, after only 90 days you are forced to leave Schengen and cannot go to another country in the area, no matter how rich you are, you cannot avoid asylum in some countries.

The right to reside in another country is a guarantee for you when bad things happen, then your plan B will be implemented. Especially if you choose citizenship in EU countries, you will be allowed to settle in 32 countries and if you choose citizenship in Schengen countries, you will be allowed to settle in 26 countries.

The fact of the matter is that it is still a great insurance policy, no matter what happens, you are still safe and can continue to live in another country.

Family Inheritance with Second Nationality
In some countries around the world, such as the United States, citizenship is granted when you are born in their country, however, in most cases, being born in a country does not mean inheriting that nationality.

To prove this, you need to have more solid evidence such as: Your parents' connection to that country, your family lineage, what motivates you to want to own a second nationality... If in case you already have citizenship, your descendants will be guaranteed to inherit the nationality due to the special privileges you have acquired.

This is a succession plan that goes beyond, establishing a trust and foundation or a person who controls a business. A plan that ensures that if something happens in your country of birth, you and your family can live and do business elsewhere.

Global Tax – the Taxation of Second Citizenship

Most people confuse citizenship, ordinary residence and tax residency. This is not the case, you can be a tax resident in a country without being a permanent resident and vice versa.

You can be a tax resident in a country without being a citizen and you can also be a citizen without being a tax resident. These concepts are all related, but it is important to distinguish them based on the following characteristics: Second citizenship, permanent residence or golden visa.

The important thing is that they are not considered tools for tax evasion, if you decide to give up your tax residency in one country by moving to another, you will have to apply some other rules of conduct accordingly.

For countries that do not participate in double taxation, they will not care where you paid taxes, what they care about is that if you have their nationality, when you generate income tax anywhere in the world, you must pay taxes to them. For example, in the United States, you will always be taxed whether you reside in this country or not, because you have been recognized as a US citizen.

For countries that participate in the double taxation campaign, for example, if you are both a Vietnamese and a Portuguese citizen, you will pay taxes where you generate income, if you generate income in Vietnam, you will pay taxes to the Vietnamese government, if you generate income in Portugal, you will pay taxes in Portugal.

Tax residency is expressed by the number of days spent in a country. Some people decide to change their residency by making sure they do not spend enough days in any particular country. This is also a special solution for “tax migrants” who do not accumulate enough residence time to avoid any tax residency rules.

In fact, many people mistakenly believe that they do not need to spend 183 days living in one place to avoid paying tax, but in reality, the country where you have lived the longest and have the most connections has the right to claim residence tax from you.

Therefore, if you decide to choose a second residence or citizenship, you should choose a country with a favorable tax regime. Global taxation plays an important role in choosing which country to settle in and where to invest to reduce financial risks.

Retirement

When retiring, choosing a country with favorable policies on status, ensuring the safety of your life and assets is a note that cannot be ignored. To ensure a smooth retirement plan, you need to pay attention to two things: Resettlement and the tax efficiency of a country. In addition, if you retire and live in a place with favorable natural conditions and a mild climate, you will enjoy the privileges that life has to offer.

Some things to consider when choosing a second country:

• Ease of travel
• Offering citizenship through investment
• Offering visa-free travel
• Good quality of life
• Good connectivity
• Desired location