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A Second Passport?
Dear A-Letter Reader,
Over the years, many A-Letter readers and Sovereign Society members have asked, "Is it illegal to hold a second passport?"
And: "Don't I need to give up my U.S. citizenship before I can obtain a second passport?"
Or: "Aren't second passports for "tax-avoiders", criminals, and people on the run?"
The short answer, in each case, is: No.
In fact, many of our members, even some of our Board Of Advisor members, have begun the simple paperwork required to obtain their own second passport in areas all over the world.
Why?
Well...a second passport can provide you with many benefits. It can help you travel freely...work in places you might not be able to otherwise...protect your privacy...potentially even help you save thousands of dollars a year in taxes.
Furthermore, it can be easy and inexpensive to obtain one.
A second passport can:
** Help you travel freely around the world, without the hassle of visas and extra paperwork. Many countries, as you know, do not permit entry to travelers whose passports have been stamped by other countries they deem "unfavorable." For example, many Arab countries do not allow visitors who have been to Israel. Some African countries don't allow travelers who have been to South Africa.
** Help you establish private offshore bank accounts. Many banks in foreign countries aren't allowed to deal with U.S. customers. But with a second passport, a whole new world of privacy and investing can open up to you.
** Give you peace of mind. You'll be able to rest, assured that no matter what happens in your home country...no matter what happens with business partners or lawsuits...you'll always have a place to go where you'll be safe and welcome.
** Help you reduce the taxes you pay. Of course, having a second passport does not automatically reduce your taxes. There's a lot more to it. International tax is a complicated and sensitive subject. But a second passport can be an important part of an overall international tax-reduction strategy.
No...not everyone can obtain a second passport as easy as others. But there are many ways to arrange one...and many countries offering them.
This is why the staff of The Sovereign Society has been working to find the best resource on second passports and dual nationality. After consulting with our Board of Advisors and doing some exhaustive research, we've written what we believe to be the most authoritative source: THE COMPLETE GUIDE TO OFFSHORE RESIDENCY, DUAL CITIZENSHIP, AND SECOND PASSPORTS.
One thing to realize about a second passport is that there's no "one-size fits all." As I explained, there are many ways and many places to obtain a second passport. The question is: Which one makes the most sense for you? It depends on many things: where you might want to spend time out of your home country...how much money you want to spend...where your ancestors are from...whether or not you own a business...
The guide we've developed gives you complete details on almost every passport, citizenship, and residency program currently on offer around the world today...including:
** A little-known, 40-year-old loophole that allows Americans to get a 90% reduction on their taxes by moving to a particular island paradise. This tropical island retreat boasts crystal clear waters...secluded beaches...beautiful national parks...tropical forests...plus a culturally diverse and artistically vibrant society. You can enjoy world-class diving...sailing...kayaking...hiking...exotic cuisine... Many Americans have saved thousands--even millions--in taxes over the years by taking advantage of this program. You could, too.
** The secrets of retiring tax-free in Italy.
** How to live in Britain and enjoy all the benefits British citizens enjoy--without owing a penny in British taxes.
** An ancient Greek island in the Mediterranean--one of Shakespeare's favorites--where you could qualify for residence merely by proving as little as $600 in monthly income. What's more, that's all you'd need to live here quite comfortably. Plus, the island is thriving with life, culture, history...the people are warm and friendly...and the climate is one of the best in the world.
** How to obtain the world's best passport for travel, investment, and expanded opportunities--and how one in every six Americans is instantly eligible for one. Most just don't know it.
** The easiest ways to qualify for an ancestral passport. Many governments around the world offer second passports to relatives of former citizens. If you've got Irish, German, or British relatives, for example, you may qualify for an EU passport that enables you to travel and work freely in every EU country.
** A Caribbean second passport program that's half the price of the popular Belize and Grenada programs.
With a second passport, you can travel more freely and easily...expand your retirement options...potentially reduce your taxes...bank and invest without restriction...enjoy greater security, privacy, and asset protection options...
Getting a second passport is probably a lot cheaper and easier than you think. You only need the right information. For the complete details, click here.
Sincerely,
Robert Bauman
Editor, Sovereign Society's Offshore A-Letter
P.S. THE COMPLETE GUIDE TO OFFSHORE RESIDENCY, DUAL CITIZENSHIP, AND SECOND PASSPORTS is written by the world's top citizenship experts, including Dr. Marshall Langer, and a handful of other accountants, lawyers, and expatriates. Dr. Langer, incidentally, caused quite a stir when his Ultimate Tax Plan was held up at a session of the U.S. Senate Finance Committee by Senator Daniel Patrick Moynihan, who admitted Langer's book was a blueprint on "how to avoid tax legally." For more information, click hereNOW! |
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