Concept
For wealthy families, citizenship is no longer an accident of birth—it is an asset with measurable utility. A "passport portfolio" is a set of passports and residence permits that provides mobility, access to jurisdictions, and insurance for when one country becomes a problem.
What is Plan B
Plan B is a pre-prepared backup airfield: a second citizenship or residence permit, a banking and property structure in another jurisdiction, and readiness to relocate. In the industry, this is called geopolitical insurance, and demand for it is growing sharply amid political instability—the number of inquiries from certain countries has increased many times over in a year.
💡 Plan B is a form of risk management. It is more advantageous to have it in advance: in a crisis, windows close quickly.
How to Measure a Passport
The utility of a passport is measured by visa-free access (mobility indices), the tax profile of citizenship (the US taxes by citizenship—this is an "expensive" passport), reputation with banks, and the right to live and work in a region (EU passport). A strong portfolio combines mobility, neutrality, and access.
Routes
Fast and without relocation—CBI (Caribbean). Through residence—residence permits with subsequent naturalization (Portugal, Turkey) or investment programs. Often, passport and tax residency are deliberately separated: live and pay taxes in one country, while keeping a second passport "in reserve" in another.
🍓 A strong portfolio is built for a family's specific risks. A collection of passports does not add value in itself—only a well-thought-out combination tailored to the task works.
This material is for informational purposes only and does not constitute individual legal advice.