I: It is a common misperception to believe that there is an "EU
Passport" which cover all EU member countries. An "EU Passport" is only
a term used to describe a passport from any EU country and does not
exists in reality. Any citizen from any EU member country have same
rights to travel visa free within EU / Schengen and to work in any EU
country of their choice.
Myth II: Being and "EU citizen" and "EU resident" is the same.
This is not the case. An EU citizen is an individual who has a passport
from one of the EU countries. An EU resident can be an individual who has
obtained the right to work and live in one of the EU countries, but who still
holds the citizenship of his or her home country.
In order for an individual to take advantage of all the
benefits of EU, he or she would want to become a citizen of any EU country by
obtaining a second passport. The process of obtaining citizenship with an EU
country is a formal process. Individuals most frequently obtain a second
citizenship, also called "Dual Nationality", based upon family relationships,
marriage, or investment. However, obtaining legal residency through work or
studying can also make the citizenship process easier at a later stage. The
advantage is that you are residing in the country you want to live in.