Dual Citizenship - Georgian Passport

[Zyncol]

Having an EU passport and living in the EU with the ability to obtain a second Georgian passport—what tax planning advantages could it bring, if any?

 

[JohnnyDoe]

Zero. Citizenship has nothing to do with taxes (at least for now). But it won’t hurt, so take it.

 

[Zyncol]

Zero. Citizenship has nothing to do with taxes (at least for now). But it won’t hurt, so take it.

That makes perfect sense. Thank you.

 

[Alenka]

Having an EU passport and living in the EU with the ability to obtain a second Georgian passport—what tax planning advantages could it bring, if any?

You must refuse from any passports before getting Georgian passport as far as I know? Exceptions: who invested a lot of money in the country and if citizenship was granted for "exceptional merit".

 

[void]

You must refuse from any passports before getting Georgian passport as far as I know? Exceptions: who invested a lot of money in the country and if citizenship was granted for "exceptional merit".

that's the advantage of the Turkish passport, allows dual citizenship

 

[daniels27]

You must refuse from any passports before getting Georgian passport as far as I know? Exceptions: who invested a lot of money in the country and if citizenship was granted for "exceptional merit".

Yes, correct. Georgia does not allow dual citizenship upon naturalisation.

 

[JohnnyDoe]

Yes, correct. Georgia does not allow dual citizenship upon naturalisation.

This doesn’t mean that you have to renounce your citizenship, only that they don’t recognize it.

 

[myshufflemix]

This doesn’t mean that you have to renounce your citizenship, only that they don’t recognize it.

So you mean it is well possible to keep your current passport while you get a new one from Gerogia?

 

[JohnnyDoe]

So you mean it is well possible to keep your current passport while you get a new one from Gerogia?

If Georgia becomes aware that a Georgian citizen has obtained another citizenship, it could strip him of Georgian citizenship. But they can’t check if one has renounced other citizenships or force one to become stateless while waiting for his Georgian citizenship.

 

[daniels27]

If Georgia becomes aware that a Georgian citizen has obtained another citizenship, it could strip him of Georgian citizenship. But they can’t check if one has renounced other citizenships or force one to become stateless while waiting for his Georgian citizenship.

Yes, so what you can do is getting a Georgian one while renouncing your current citizenship. You can then apply for your previous one again right away, depending on your citizenship. There are quite some countries (notably UK) having procedures for exactly for this case. But please note that you would have to request retention of Georgiran citizenship:
https://matsne.gov.ge/en/document/view/2342552?publication=8

I guess, they won't catch you, but it is not exactly honest. Same goes for Austria, for example.

 

[Jade33]

would the same apply for paraguay?