A golden passport, an investment-based citizenship programme in certain nations, allows wealthy persons by investing in the nation’s economy.
It offers visa-free travel, residency, and tax breaks, however they are criticised for contributing to income disparity and tax cheating.
It may create a two-tiered citizenship system, with wealthy individuals enjoying greater rights and benefits than ordinary citizens.
It also offers a means of wealth diversification, providing a backup option in case of political or economic crises in their home country.
Despite criticism, golden passports are projected to stay popular in the coming years.
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