Moneycontrol PRO
As an increasing number of Indians actively try to move abroad, Moneycontrol takes a deep dive into the issue to get you all you need to know about shifting your base
overseas. What are the various countries offering citizenships to Indians, the various schemes that enable this and what life awaits you
when you get there; to name a few.​

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#1IMMIGRATION GUIDE

Emigrating? Here’s a ready explainer on income tax implications

Compliance with various tax laws including provisions on residential status and global income will help those migrating overseas to avoid long-drawn inquiries and litigation with the Indian authorities

FAQ

What is the difference between citizenship and a passport?

Citizenship is the legal status of a person belonging to a particular country, recognised by the laws of that nation. A citizen is entitled to certain rights and has obligations as laid out in the constitution of that country.

A passport, on the other hand, is a document that a government issues to its citizens. The primary purpose is to enable citizens to travel internationally. It also serves as proof of citizenship. All passport-holders must be citizens of that country but all citizens don’t need to have a passport.

Dual or multiple citizenship means that a person is the citizen of more than one country (say the US and Canada and/or the UK). It gives the person rights and benefits in these countries. You can live, work and study in any of these and get benefits like healthcare, education, social security, etc.
The biggest advantage of multiple citizenship, however, is that you can hold multiple passports. It makes global travel smoother as you get to travel visa-free to all the countries these passport-holders are entitled to.

No. The Indian constitution does not have a provision of dual or multiple citizenship. If an Indian acquires a second passport, they automatically lose their Indian citizenship. As per the Passports Act, 1967, it is mandatory for all Indian passport holders to surrender their passports to the nearest Indian mission or post immediately after acquiring the nationality of another country.

However, such persons can get Overseas Citizens of India (OCI) status after acquiring foreign citizenship.

OCI is a legal status given to a person of Indian origin who has given up Indian citizenship. It is similar to permanent residency and offers several benefits. The government of India issues a document called OCI card to all people who have been given this status.
Make an online application, upload photographs and documents, pay the fee and you will get your OCI card in a short time.

An OCI can enjoy many of the benefits available to a citizen of India such as:

  • Multiple entry life-long visa to India
  • Live, work, carry on business in India indefinitely
  • Own assets and properties
  • Apply for Indian citizenship again after surrendering foreign citizenship, subject to certain conditions
  • Since you are not a citizen, you cannot vote
  • You cannot run for a public office or contest an election
  • You cannot buy agricultural land or plantations in India. However, you may continue to hold such property you had before giving up Indian citizenship and also inherit it
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Slideshow

Top 10 best residence-by-investment cities for Business Index

Dubai ranked 11th in the global index of 25 cities where high-net-worth individuals can acquire residence through investment migration programes.

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