Markets

Insider Trading

Hedge Funds

Retirement

Opinion

17 European Countries that Allow Dual Citizenship

In this article, we will take a look at 17 European Countries that Allow Dual Citizenship. You can skip our detailed analysis and go directly to the 5 European Countries that Allow Dual Citizenship.

International mobility is a coveted asset in contemporary times. A second passport can open doors to another country, providing various financial, cultural benefits, and freedom. Especially during times of uncertainty and unforeseen catastrophes, it can serve as a vital alternative security plan. A dual/multiple citizen is someone who holds legal citizenship in two countries simultaneously. This status entails both rights (such as passport issuance, entry into the country, work, and residence) and obligations (taxation, national duty, etc.). For a detailed analysis, please refer to our article on Dual Citizenship: Advantages, Disadvantages, and Requirements.

The concept of dual nationality has undergone significant changes over the years. Once considered alien, it is now openly and widely discussed, particularly since the end of the Cold War, marking an era where a more liberal approach towards dual citizenship began to emerge. This shift is attributed, in part, to greater gender equality and the abandonment of mandatory military service. The connection to gender equality is argued through the discriminatory act of women having to relinquish their nationality after marriage for their husband’s, causing related problems. The UN Declaration of Human Rights underscores everyone’s right to nationality, emphasizing its fundamental nature in the global discourse on citizenship.

Why Covet European Nationality?

Europe, being one of the largest destinations for immigrants, welcomed 86.7 million international immigrants in 2020. Holding an EU citizenship comes with numerous advantages. Being a citizen of any of the 27 EU member states automatically grants EU citizenship, facilitating work and residence in another EU state without the need for a visa or additional permits. Consequently, it is not surprising that in 2021, 827,300 people acquired EU citizenship, with 85% of them transitioning from non-EU countries to enjoy the benefits that come with EU citizenship.

European Attitude Towards Dual Citizenship

According to The Macimide Global Expatriate Dual Citizenship Database, the European Union has witnessed a notable shift in policies regarding dual citizenship. The percentage of countries automatically revoking citizenship upon acquisition of another has decreased from 63% in 1960 to 24% in 2020, signaling an increasing tolerance for dual citizenship. Despite this trend, specific countries such as Austria, Germany, Estonia, Bulgaria, Spain, Latvia, Lithuania, and the Netherlands remain hesitant to permit dual citizenship, enforcing strict rules for exceptions.

Global Players in the European Market

The European market is expanding by attracting a diverse range of immigrants through its acceptance of dual citizenship and various citizenship programs. This growth is evident in the presence of various multinational corporations operating in the market, such as ASML Holding N.V. (NASDAQ: ASML) and AstraZeneca plc (NYSE: AZN). The appeal of dual citizenship not only contributes to demographic diversity but also fosters economic development by drawing in skilled professionals and entrepreneurs. This intersection of diverse immigration policies and a flourishing corporate landscape underscores Europe’s attractiveness as a global destination for both individuals and businesses alike.

ASML Holding N.V. (NASDAQ: ASML), a Dutch multinational company, stands out as a pivotal player with a profound impact on the flourishing tech world. The company has earned a significant reputation in the industry, being recognized as Europe’s AI champion and hailed as “the continent’s most valuable tech firm.” ASML Holding N.V.’s contributions are evidently crucial to the advancements in technology, and their prominence underscores their noteworthy role in shaping the landscape of the tech industry in Europe and globally.

AstraZeneca plc (NYSE: AZN) stands as another prominent global firm, albeit in a different industry. As a pharmaceutical giant, the company is characterized by continuous innovation and sustained growth. Notably, at the close of the previous year, AstraZeneca plc (NYSE: AZN) made headlines by expressing their intent to acquire their first vaccine company, signaling a strategic move to expand their business portfolio. This strategic decision underlines AstraZeneca’s commitment to staying at the forefront of advancements in the pharmaceutical sector.

17 European Countries that Allow Dual Citizenship

Methodology

For our compilation of the 17 European Countries that Allow Dual Citizenship, we have gathered data from diverse sources, including ImmigrantInvest, Henley & Partners, and the CIA’s World Fact Book– Citizenship, to determine which European nations permit dual citizenship. We specifically focused on those countries that offer dual citizenship without imposing additional conditions. Our presentation follows a descending order based on the Human Development Index for the year 2021, providing a comprehensive overview of European countries that embrace dual citizenship without stringent requirements.

NOTE: We have also considered Cyprus in our list. Although it is geographically located in West Asia, the country is culturally Southeast European.

By the way, Insider Monkey is an investing website that uses a consensus approach to identify the best stock picks of more than 900 hedge funds investing in US stocks. The website tracks the movement of corporate insiders and hedge funds. Our top 10 consensus stock picks of hedge funds outperformed the S&P 500 stock index by more than 140 percentage points over the last 10 years (see the details here). So, if you are looking for the best stock picks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.

17 European Countries that Allow Dual Citizenship

17. Serbia

HDI Index: 0.802

A European nation that embraces dual citizenship, citizens of this country, whether acquired through birthright or naturalization, are exempt from the obligation of renouncing their citizenship when seeking another nationality. Likewise, foreign nationals are not mandated to release their previous citizenship when becoming citizens of this country. This nation is renowned for offering one of the most favorable citizenship through investment programs, among other pathways to citizenship. Notably, the investment program allows individuals to attain residency in three years and citizenship in six, highlighting the efficiency and attractiveness of the country’s citizenship acquisition process.

16. Romania

HDI Index: 0.821

Indeed, Romania is among the countries that have embraced the concept of dual nationality. According to Romanian law, citizens of the country have the right to acquire another citizenship without the requirement of renouncing their Romanian citizenship. Additionally, foreign individuals obtaining Romanian citizenship are granted the same rights as other citizens, including the option for dual citizenship. While the standard naturalization period is approximately 8 years, the route through marriage shortens it to five years. Furthermore, obtaining citizenship through descent is a popular pathway for Romanian nationality, applicable if one or both parents are Romanian citizens, at least one parent or grandparent lost citizenship, or at least one parent, grandparent, or great-grandparent lost citizenship involuntarily. This inclusive approach reflects Romania’s openness to diverse routes for acquiring and maintaining citizenship.

15. Portugal

HDI Index: 0.866

Portugal is another European country that acknowledges and permits dual citizenship. Portuguese nationals seeking another nationality can do so without the obligation to renounce their original citizenship. Similarly, foreign individuals applying for Portuguese citizenship need not concern themselves with the status of their previous nationality. This flexibility is particularly beneficial for those aspiring to relocate to Portugal and experience the country’s high quality of life. Portugal is renowned for its notable five-year residence investment program, the Golden Visa plan, which is available for non-EU individuals. Additionally, a faster route to citizenship is through descent, a fortunate option for some individuals with Portuguese ancestry. This diversity in pathways underscores Portugal’s commitment to providing accessible and inclusive opportunities for citizenship.

14. Greece

HDI Index: 0.887

According to Greek Law, specifically Art. 31 Civil Code and Art 2 par. 2 Law 4251/2014, dual citizenship is permitted. Individuals acquiring citizenship in another country are not required to renounce their Greek citizenship. However, it is important to note that some countries do not accept dual citizenship, and decisions must align with the laws of both nations involved. For EU nationals, acquiring Greek citizenship requires three years of residency in the country, while non-EU citizens must reside for a minimum of seven years. The Greece Golden Visa Program, involving an investment of at least €250,000, provides an affordable pathway to gain residency and eventually citizenship in the country. This initiative enhances accessibility for individuals seeking to establish a connection with Greece through investment and residency.

13. Italy

HDI Index: 0.895

Italy is indeed among the countries that accept dual or multiple citizenships. If a foreigner opts to apply for Italian citizenship, there is no requirement to renounce their previous citizenship, and similarly, an Italian citizen acquiring foreign nationality need not relinquish their Italian citizenship. The benefits of Italian citizenship, such as enhanced work opportunities and the ability to purchase property, make the country an attractive destination for prospective expatriates. Particularly advantageous is Italy’s citizenship by descent, offering one of the fastest routes to acquiring citizenship. For individuals with Italian ancestors, there is no limit to the number of generations or individuals who can claim citizenship through descent, and the time period for the process can range from three months to three years. This inclusive approach contributes to Italy’s appeal for those with ancestral ties to the country.

12. Cyprus

HDI Index: 0.896

Cyprus stands out as a nation that not only offers multiple pathways to citizenship but also facilitates the process by recognizing dual citizenship. The country’s immigration laws do not compel its citizens to renounce their Cypriot nationality when acquiring citizenship in another country. However, the recognition of dual nationality with Cyprus by other countries may vary. This policy is particularly advantageous for expatriates aspiring to immigrate to Cyprus, a nation known for providing a high quality of life for its citizens. Notably, Cyprus’s citizenship by investment programs offers an expedited route for high-net-worth individuals to gain citizenship in as little as six to eight months, further enhancing the appeal of the country as a destination for those seeking a swift and accessible pathway to citizenship.

11. France

HDI Index: 0.903

France also allows for dual or multiple nationality, enabling immigrants to maintain their original citizenship while also acquiring French citizenship and enjoying the same privileges as native citizens. French nationals seeking additional citizenship elsewhere can also do so without facing any negative consequences regarding their French nationality. The country provides various avenues for obtaining citizenship, and the French Talent Passport stands out as a well-known method for securing residency and citizenship, reflecting France’s commitment to attracting and integrating skilled individuals into its society. This inclusive approach is indicative of France’s recognition of the benefits of cultural diversity and global talent.

10. Malta

HDI Index: 0.918

Significant changes to Malta’s citizenship laws occurred in the year 2000, ushering in a new era. Since February 10, 2000, Maltese nationals have had the freedom to acquire other citizenships without the risk of losing their original citizenship. This inclusive policy extends to foreign nationals as well, though the specific laws of the other country regarding dual nationality must be considered. Notably, investors who secure Maltese citizenship gain the privilege to work anywhere in the European Union, further enhancing the appeal of Malta as a destination for those seeking citizenship with expanded opportunities within the EU.

9. United Kingdom

HDI Index: 0.929

The British government does not impose any special conditions, such as the renunciation of previous citizenship, on individuals seeking dual citizenship. However, the concept of dual citizenship involves compliance with the laws of other countries governing citizenship protocols. The United Kingdom offers various pathways to citizenship, including the Innovator visa and Start-up visa, among others, providing individuals with diverse options to attain citizenship in the country. These programs contribute to the UK’s openness to attracting and integrating talent from around the world, reflecting its commitment to cultural diversity and global innovation.

8. Luxembourg

HDI Index: 0.930

The Luxembourg Nationality Law of October 2008, which became effective on January 1, 2009, ushered in a policy allowing both Luxembourg nationals and foreign nationals to acquire dual or multiple citizenships. Notably, the renunciation of original citizenship is not required in either case, though it is essential to consider the rules of the other country involved. For instance, countries like the Netherlands do not accept dual nationality. Luxembourg provides various avenues for obtaining citizenship, with naturalization being one method that takes approximately 5 years to complete the citizenship process.

7. Belgium

HDI Index: 0.940

The Belgian government adopted a comprehensive stance on dual citizenship in two phases. In the first phase, starting from June 9, 2007, Belgians acquiring citizenship in countries not party to the Council of Europe Convention were permitted to retain their Belgian citizenship. The second phase, beginning on April 28, 2008, allowed Belgians voluntarily obtaining another citizenship to also maintain their original one. These policy changes are highly advantageous, providing convenient access for immigrants seeking to move for an improved quality of life. Belgium’s commitment to dual citizenship reflects its openness to embracing cultural diversity and facilitating the integration of individuals from various backgrounds.

6. Finland

HDI Index: 0.940

Finnish legislation permits dual citizenship, allowing individuals to retain their Finnish citizenship even when applying for another citizenship. Similarly, foreign nationals acquiring Finnish citizenship need not renounce their original citizenship, subject to compliance with the dual citizenship laws of the other country involved. Despite the allowance for dual nationality, there is a unique provision where an individual might lose their Finnish citizenship at the age of 22 if they fail to establish a connection with the country. Various pathways exist for obtaining Finnish citizenship, with the standard residency requirement being 5 years. However, if an individual attains the required language skills, citizenship can be applied for in a shorter period of 4 years, showcasing Finland’s commitment to facilitating integration for those who meet specific criteria.

Click to continue reading and see our 5 European Countries that Allow Dual Citizenship.

Suggested Articles:

Disclosure: None. 17 European Countries that Allow Dual Citizenship is originally published on Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

This is the #1 Gold Stock for your 2025 watch list

Brace yourself.

There’s no question that thanks to Washington’s disastrous policies – and out-of-control spending – the outlook for the U.S. economy now appears dire.

And with the U.S. national debt now rising by a staggering $1 trillion every 100 days…there are no easy solutions to help get the nation back on track.

While Jay Powell and the Biden-Harris White House sweat out a federal debt that has reached $35.5 trillion – and climbing – many investors have raced to the sidelines with their cash.

But the truly savvy investors laugh while Jay Powell frets, because they understand that this ridiculous spending has also triggered a nearly unprecedented bull market for gold.

Just look at this chart for the yellow metal.

After testing the $2,000/ounce mark in August 2020 and February 2022, gold traded down to near $1,600/ounce in October 2022.

Since then, gold prices have been on an absolute tear and currently sit above $2,600/ounce, a $1,000/oz increase in just two short years.

But the surge in gold prices that we’ve seen over the past few years could pale in comparison to what’s on the horizon. As shocking as it may sound, with no end in sight for the Fed’s money printing, we could see the price of gold increase by many multiples in the years ahead.

With soaring inflation, the dollar stands to lose more and more of its value, which means you’ll need a lot more dollars to buy gold.

According to legendary investor Peter Schiff, today’s seemingly-high gold price of $2,600/oz. “could soar to $26,000/oz. — or even $100,000/oz. There’s no limit because gold isn’t changing — it’s the value of the dollar that’s decreasing.”[i]

Meanwhile, as profitable as gold has been, select gold mining stocks have really kicked into high gear, handing investors even bigger profits.

Click to continue reading…