Everything You Need To Know About Getting A Second Passport
There are many reasons for wishing to take up citizenship in a new country. Doing so is a major decision, not to be taken lightly. And not surprisingly, as with any international dealings, the implications and consequences of residency and citizenship changes need to be considered carefully before any action is taken.
Peter Macfarlane – Wealth Report
We hope that this guide will be of use to you in understanding second citizenship better, including the mechanics of how to acquire a new citizenship for you and your family.
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Begin a search on the Internet into gaining a second passport and you are inundated with adverts for services from companies offering to assist you in purchasing citizenship elsewhere in the world.
Certain nations offer economic citizenship programs, or citizenship-by-investment schemes, – the best well known and popular are Dominica, St. Kitts and Nevis. However, the investment commitment and financial outlay required to effectively purchase a second passport from these nations can be restrictive to all but a determined and wealthy few.
The good news is that even countries such as Great Britain and Ireland may legitimately welcome you as a national, depending on your family’s history and your ancestors and direct relatives’ nationality. Therefore it is up to you to get working on your family tree, and plot your family’s national identity back as far as your grandparents.
Even a deceased member of your family could provide you with the key you need to getting a second passport from a desirable country.
It may seem difficult to believe, but until just a century ago, ordinary mortals like you and I didn’t need a passport to cross international borders. Passports were reserved for diplomats or government officials.
The First World War (1914-1918) changed all that and ushered in a century during which personal freedom and liberty have been stamped upon by governments, while taxation went from being a minor inconvenience that most people paid willingly, to a major factor in any business decision.
When you think about it seriously, in the modern world of international business travel, multi-cultural families and online networking, holding the citizenship of just one country seems like a blast from the past.
That’s what the influential London-based publication The Economist inferred in an article entitled In praise of a second (or third) passport (January 7th 2012) “Multiple identities are natural. Citizenship laws should catch up” says The Economist. We agree.
Citizenship laws are indeed catching up – albeit slowly.
Some forward thinking countries are specifically looking to attract the best, brightest and most successful people with immigration incentives such as almost instant citizenship. I’ll be covering those in more depth later in this report.
Even for our American cousins, dual citizenship is a totally routine matter these days, in stark contrast to back in the cold war era where it was frowned upon by their government.
US citizenship is especially burdensome from a tax point of view.
Over the past fifteen years, Q Wealth publications, together with my own firm’s consulting services, have helped thousands of successful, free thinking individuals to break free from those oppressive governments – by becoming a citizen of a neutral country that taxes its citizens only lightly or not at all. In this report, we will pass on the benefit of our accumulated experience in this field.
So, I will take it as given that you are broadly aware of the benefits a second or third passport could bring you. I will nonetheless touch on those benefits briefly, as well as on that perennial the question “is it legal?”
I will then move on to the more important nuts and bolts section of this report: the mechanics of how to obtain a second passport.
Equally importantly, I will cover how NOT to obtain a second passport.
Since you are reading this report, I assume you are already interested in acquiring a second or third citizenship or passport, and you are broadly aware of the benefits it can offer you.
Over the past fifteen years, Q Wealth publications, together with my own firm’s consulting services, have helped thousands of successful, free thinking individuals to break free from those oppressive governments – by becoming a citizen of a neutral country that taxes its citizens only lightly or not at all. In this report, we will pass on the benefit of our accumulated experience in this field.
So, I will take it as given that you are broadly aware of the benefits a second or third passport could bring you. I will nonetheless touch on those benefits briefly, as well as on that perennial the question “is it legal?”
I will then move on to the more important nuts and bolts section of this report: the mechanics of how to obtain a second passport.
Equally importantly, I will cover how NOT to obtain a second passport.
There are some serious pitfalls that you should be aware of.
Make one of these mistakes and the best you could hope for is that you will lose many thousands of dollars… the worst could see you on the wrong side of the law – as in jail.
Before we move on, you might be asking why I am giving you this information for free. I always advise my readers to “consider the source.” I’ve seen many other books and manuals about second passports over the years, and most of them come with a high price tag.
Very few things in life are truly free – but any benefit you obtain from this report is one of them. Of course, I do have an ulterior motive. Quite simply, I’ve found over the years that if I give people good information, then they will usually come back to do more business with me. Good karma, good business.
At Q Wealth we are primarily a publishing and seminar business and that is where we make our money. If after reading this report you think it was valuable, I’m hoping you will be motivated to sign up as a member of Q Wealth.
A year’s membership starts at just $99 and gives you access to a host of other information and reports like this one – on matters like asset protection, offshore banking, investment opportunities and wealth creation… as well as our flagship quarterly newsletter, and the benefits of our friendly and efficient member services department who can answer your individual questions or make referrals to trustworthy experts.
PASSPORTS, CITIZENSHIP AND RESIDENCE
For most of the population, bliss is ignorance.
Before we get started, there are three terms that I will use in this report that you should clearly understand. They are related but have very different legal and practical meanings, and a lot of people confuse them.
PASSPORTS are the wee booklets that you show when you cross borders, open bank accounts etc. Passports are issued under the authority of sovereign nation states, or what we commonly refer to as countries, but not by territories.
The British Virgin Islands, or Hong Kong, for example, are not countries, they are territories, so their passports are issued respectively by the United Kingdom and by the People’s Republic of China, even if the booklets look different from the normal passports issued by those countries.
Generally, passports are issued to CITIZENS of the country that issues them. But for the purposes of this report remember this rule of thumb: Citizenship always comes with a passport, but not vice versa: Passports do not always come with Citizenship.
For example, Panama has a program to issue passports to non-citizen investors. Such passports are of very limited value.
Sometimes we talk in everyday language about acquiring a second passport, but what we really mean by that is a second CITIZENSHIP.
The passport itself expires after a time (typically five or ten years) and may be restricted in any number of ways.
You could get a second passport from your existing country of citizenship – these are typically issued to frequent business travelers who want to have two passports on the go at the same time. Despite urban myths to the contrary, it’s quite legal and nearly every country has a system for allowing you to have more than one valid passport at the same time. The main purpose is to facilitate key business people travelling to exotic locales, who may need to travel one place at short notice while their other passport is awaiting some bureaucratic process in the embassy of another country.
They are also useful for people who travel to conflict areas: for example many Arab countries will not allow you to enter if your passport has a stamp from Israel.
Western governments issue separate passports to business travelers to allow for this. Beyond that, there is no real benefit to holding a second passport from your home country.
What you want, to achieve the benefits of freedom and flexibility, is to get a CITIZENSHIP of another country. Citizenship should give you lifetime rights to have passports, ID cards, driver’s licenses, to vote in elections, and things like that. I say ‘should’ because there are always exceptions to the rule… ask Edward Snowden about how the US cancelled his passport even though he was and still is a US citizen and he has not been found guilty of any crime in a US court of law.
The actual passport, that piece of paper, is a minor matter. Once you are a citizen you just apply for the passport at the government office responsible for passports, or the embassy in a foreign country, like any other citizen of that country.
So this report is really about SECOND (OR MULTIPLE) CITIZENSHIPS. We will not talk any more about passports.
CITIZENSHIP is defined by Wikipedia as:
… the link between a person and a state or an association of states. It is normally synonymous with the term nationality although the latter term is sometimes understood to have ethnic connotations. Possession of citizenship is normally associated with the right to work and live in a country and to participate in political life. A person who does not have citizenship in any state is said to be stateless.
RESIDENCE is something different again. Residence is where you live. However, different countries have different definitions in their national laws. Some people may have multiple residencies in different countries. For our purposes, residence might be seen as a stepping stone to full citizenship through naturalization.
‘Residence’ is also the right to live in a foreign country. You may or may not actually spend time there, but in some countries the fact that you hold a Resident’s ID card (like a Green Card in the US) means that you are officially a resident there.
Residence is of interest to us for two reasons:
You might acquire tax benefits by moving to another country. Americans who move their residence to another country get many tax and privacy advantages (such as the Foreign Earned Income Exemption) over their fellow citizens who stay at home, even if they are still ultimately subject to tax on their worldwide income.
Residency can be a path to citizenship. Most countries allow residents to apply for citizenship after a period of residence. This can vary from about 2-3 years (Dominican Republic and Singapore) up to 25 years (Liechtenstein or Andorra.)
WHY WOULD ANYONE WANT A SECOND CITIZENSHIP?
“You can still get a second passport; it’s just harder to get then it was a few years ago . . . why don’t you wait a few more years, then it will be impossible and you won’t have to worry about it. Your fate will be sealed!”
This, of course, is the first question on most people’s lips when they first hear about the concept or start thinking about a second citizenship. Gaining a second citizenship requires a lot of research, a lot of bureaucracy and most of all, patience. Depending on the path you choose, it can also involve a lot of money.
When I first became involved in this business, I used to tie myself in knots trying to give people long-winded legal or technical answers to this question. I no longer bother.
Basically, I tell people: you either get it… or you don’t.
It’s more of a philosophical thing, about your view of the world, its future, and how you and your loved ones fit into this picture. If you have decided to read this report, the chances are you already have a feeling inside about why you want a new citizenship.
This report is certainly not an attempt to sell you on the idea. I know it is much more efficient to spend my time preaching to the converted! So if you know that you don’t want a new citizenship, you might as well stop reading now.
Quite simply, the vast majority of the population will never have, want or need a second citizenship. If you can’t see the point of getting one for yourself, you probably don’t need it.
If, however, you have already self-selected yourself into our group of people who have the multiple citizenship mindset, welcome to the club!
We are free + thinking + individuals.
There are, of course, many simple practical benefits for getting a second citizenship.
Sure, it is nice to be able to choose the faster line at passport control, but the more serious benefits come from the chance…
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