Reason #1: More Internationalization Options

Obtaining a second passport can literally open the door to a world of internationalization options for your assets and income that are off limits to citizens of certain countries. This is especially true for Americans, who are often treated as if they have the plague when they attempt to open foreign financial accounts and are increasingly being forced to close the ones they already have.

Reason #2: More Visa-Free Travel

One characteristic of a good passport is how much visa-free travel it allows. Applying for a visa that has to be approved before your trip (as opposed to being able to obtain it at the border) is a real hassle. Having to jump through hoops in advance of a trip can be a frustrating, time-consuming, and costly process.
According to a recent study, Finnish and Swedish passports offer visa-free travel to the most countries. Not surprisingly, a country like Afghanistan has one of the least useful passports. You can find more information on this study as well as the rankings of countries according to the visa-free access of their passports

Reason #3: Avoid Foreign Policy Blowback

If your home government has developed a bad habit of sticking its nose in the internal affairs of other nations, it could make you a target should you happen to be in the wrong place at the wrong time.

Reason #4: Preempt Travel/People Controls

A second passport can also come in handy when a government decides to starting treating its own citizens as beef cows instead of milking cows (i.e., when they need more soldiers for war) or if passport restrictions and other types of people controls are implemented.

In any case, it prevents your home government from basically placing you under house arrest by revoking or cancelling your passport for any reason it sees fit.

Reason #5: You Don't Have to Live Like a Refugee
Having a second passport ensures that you will always have another place to potentially call home, another place where you will always have the legal right to live and work. In worst case scenarios, a second passport guarantees that once you get out of Dodge, you won't have to live like a refugee.

Having citizenship in another country gives you the legal right to live and work there and possibly other countries. EU citizens have the right to live and work in the 28 member countries.


Reason #6: Renunciation

In all likelihood, you will need a second passport should you decide to take the drastic step of renouncing your citizenship. This allows you to reap huge tax and regulatory benefits if your home country burdens its citizens with suffocating and inescapable tax policies.

Not Easy, But Necessary

Unfortunately, there are no paths to obtaining a legitimate second passport that are at the same time fast, easy, and inexpensive.