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Why would you pay almost a million dollars for citizenship? Honest question.


There are several reasons. Here are a few:

One, because wealthy people sometimes want 'dual citizenship' (which has to be kept a secret in the U.S.) because they feel like if things fall apart in one country, they can quickly escape to another.

Two, some business transactions require citizenship.

Three, some rights are only available with citizenship.

There are other reasons as well.


Dual citizenship does not need to be kept secret in the US.


To avoid extradition treaties, taxation on worldwide income (US) and a security to weather it out in case the war breaks out.


American's can't avoid worldwide income. US citizenship is not based on physical residency.


That is why get a second one and renounce the US one.


Citizens of "poor" countries have great difficulty traveling internationally, even if they are personally wealthy. (Other countries may not grant them visas to enter, and may mistreat them at border crossings.) Maybe their home country isn't a very attractive or safe place to live any more. Etc. etc.


This comment below nails the answer https://news.ycombinator.com/item?id=6745568


For the same reason you back up your data.


There are alot of very rich people in countries with undemocratic governments, who would love to move to europe. Think the Middle East, India, China, ...


Because you're some horrible criminal from about anywhere out of Europe, wanting to escape the law strikes me as the most probable reason.


Or a rich person wanting to escape a horrible country(Government).


EU is not an asylum for criminals (actually is a terrible place for a criminal trying to secure his freedom, because it takes only one country to raise an 'european arrest warrant' afaik), for that reason mobsters are more likely settle in countries without extradition treaties to their country of activity, or some banana republic where it's easy to vanish.


we have jails in Europe




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