Over the past few years, I’ve noticed a growing number of conversations—both professionally and personally—around the idea of living abroad. Clients are asking about it. Friends and family are exploring it. You might be, too.
Whether it’s about creating a more inclusive lifestyle, expanding career opportunities, or embracing a slower pace of life, interest in dual citizenship and residency abroad is on the rise.
This growing trend is especially common among:
The path to getting there can be complex and highly dependent on your individual situation. As more people consider making the leap, understanding the legal, financial, and logistical steps required to establish residency or citizenship abroad becomes essential—because while the dream may be universal, the journey is anything but one-size-fits-all.
While not all countries permit dual citizenship, those that do can offer significant advantages—from the ability to own property and work abroad to enjoying greater freedom of movement across borders. There may even be healthcare and education benefits to consider.
There are several well-established routes to obtaining citizenship or residency abroad, depending on your personal circumstances and goals:
The process and path to residency or citizenship vary by country. It can take time and often includes:
Some countries also offer economic-based options, allowing individuals to move capital into their economy—such as through real estate purchases—which can lead to passive income and a path to residency or citizenship.
Before pursuing dual citizenship or residency, it’s important to understand the broader implications. Depending on the countries involved, you may face:
These factors can significantly impact your financial and personal plans, so it’s essential to evaluate them early in the process.
While there are many routes you can take to expand your personal and financial life abroad, navigating the options can be nuanced. It’s advisable to work closely with your CERTIFIED FINANCIAL PLANNER™ professional and an attorney or firm specializing in international residency and citizenship.
These professionals can help you:
If you’re considering a move abroad, start by having a thoughtful conversation with your financial planner and legal team to explore what’s possible and what’s most aligned with your vision. At Modera, we guide clients through the financial dimensions of international living—from cross-border tax planning to global investment strategy—so you can make informed decisions with clarity and confidence.
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