In the early part of twentieth century, nation-states as a concept was just about taking shape, so it possible for people to travel from one corner of the globe to another without needing a proof of identity.
With World Wars, the Cold War and terrorist threats, it is now necessary for people to have a certified proof of identification. Even persons holding public positions, such as Presidents, Prime Ministers, monarchs, and so on, need a passport when they travel to any place outside their country.
In fact, these days, it is a good idea for businesspersons who travel frequently out of their home country to possess two passports!
Let us delve into the reasons behind it.
Passports are always at the risk of being stolen, lost or damaged. In such circumstances, a second passport will rescue the business traveler from losing an attractive proposition because of being unable to travel.
Another advantage one has as a businessperson is that it allows him/her to bank, stay and live in countries where they could not before. For instance, there are quite a few nations which do not allow foreign nationals to reside, invest or bank in locations within their boundaries. But, now you can procure a citizenship by investing in different countries.
Having a second passport affords you the opportunity of travelling without a visa to many countries. It, thus, allows one to escape the rigours of applying for a visa, a painstaking process because of the time and resources that have to be expended.
One of the major benefits of having a second passport is that if you are forbidden from travelling to a country prohibited by your nation, the second visa will prove to be a godsend. In other words, it exempts you from being bound by the conditions enforced by your country.
The biggest advantage is that it lets people having businesses in different nations to reside in another country if some policies in their home country prevent them from carrying out certain transactions. It could also be a life-saver if one’s country’s economy is going under.
All the reasons we cited above are highly plausible in this day and age, and not just apocryphal; so, go and apply for second passport right away if you are new-age businessperson.