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The question of why you should have a second citizenship is very easy to answer - If you have dual citizenship, you are a citizen of two countries at the same time. While dual citizens do enjoy certain benefits – access to two social service systems; the option to live, work and own property in two countries; and the ability to travel with relative ease between the two locations. Dual citizens can receive the benefits and privileges offered by each country. For example, they have access to two social service systems, can vote in either country and may be able to run for office in either country, depending on the law. They are also allowed to work in either country without needing a work permit or visa and can attend school in either country at the citizen tuition rate.
Second passports: As a dual citizen, you are allowed to carry passports from both countries. Having a citizen's passport eliminates the need for long-stay visas and questioning about the purpose of your trip. It also guarantees right of entry to both countries, which can be especially important if you have family to visit, are a student or do business in either country.
Property ownership: Another benefit of dual citizenship is the ability to own property in either country. Some countries restrict land ownership to citizens only, and as a legal citizen of two countries, you would be able to purchase property in either—or both—countries. If you travel frequently between the two countries, this might be especially useful since property ownership might offer a more economical way to live in two places.