Citizenship of Grenada

A second citizenship means legally obtaining a passport of another country besides your original one. This gives you the rights to live and work in the chosen country on the same rights as a citizen, as well as enjoy travelling benefits and opportunities for education and business development. Also, second citizenship can serve to protect your assets from political or economic instability in your country of residence.

Dual citizenship means being a citizen of two countries at the same time, with both countries recognizing you as a citizen.

Second citizenship refers to gaining citizenship in another country besides your original one, which may not always be recognized as dual citizenship. Some countries do not allow dual citizenship for its citizens, so in some cases you must renounce your original citizenship to obtain another one.

No, obtaining a second passport does not mean you are required to live in that country, unless it is explicitly stated as part of the terms under which you acquired the citizenship.

Simply having a second passport does not automatically mean you owe taxes in that country. However, it depends on several key factors: your residing there, your income sourced from that country, your significant economic ties, etc.

Along with the new rights, it is important to remember that in some cases obligations to the first country may remain (e.g., tax and military obligations). Some countries have double taxation conventions, which can help you avoid paying taxes twice on the same income.