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?
Dual Citizenship - Georgian Passport
- Thread starter Zyncol
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Zero. Citizenship has nothing to do with taxes (at least for now). But it won't hurt, so take it.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
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".
This doesn't mean that you have to renounce your citizenship, only that they don't recognize it.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
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.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
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.
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