by Micheal Davis, Banker Trust
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Over the years, we have routinely expressed the importance of planting multiple flags. If you live, work, bank, invest, own a business, and hold your assets in the same country of your citizenship, you are putting all of your eggs in one basket, and once that basket heads in the wrong direction, you can kiss your assets goodbye.
There are nearly infinite possibilities that pose substantial risks to your wealth and security, including taxes, litigation, confiscation, inflation, regulation, and good ole’ fashioned social decay.
Making the effort to move assets overseas, diversify your currency holdings, buy foreign property, set up foreign structures to operate a business, etc. are all major steps in the right direction to preserve your livelihood and safety.
If you have executed only a few of those steps, you are ahead of the 99% of the population. You will be safe while others watch their freedoms, their wealth, and their critical thinking be eroded by corrupt bureaucrats and the mainstream media.
One of the ultimate tools in preserving wealth, freedom, and security that we have touched on before is acquiring a second passport. This tool provides additional freedoms of travel, possible tax advantages, banking convenience, an escape hatch, and security. After all, nobody hijacks a plane and threatens to kill all the Dominicans.
Most importantly, when your home country starts heading in a catastrophic direction, a second (or third, fourth, etc.) citizenship provides you with options… and that’s what real freedom is all about– the power to choose.
Even without a cataclysmic event in your home country, a second passport pays big dividends. With a second passport, suddenly you find that you can open bank accounts and travel much more easily.
So how do you go about obtaining one?
For starters, if you’re a member of the lucky bloodline club, you may have been born as a second or third generation citizen somewhere. Many countries have programs that grant citizenship to descendants of emigrants– Ireland, Poland, India, and Italy are examples.
If, for instance, you could prove your lineage to Irish grandparents, you would have a case to apply for Irish citizenship. There are many more countries that have such programs, but I’ll save that topic for another time.
Second, there are a handful of countries where you simply pay for citizenship, either through an official program, or an unofficial program.
In terms of official programs, most people who have done even the most cursory research have read about Dominica and St. Kitts, both of which charge about $200,000 to $450,000 for citizenship. These are the most famous, but there are others, including Austria and even the United States.
Former Thai Prime Minister Thaksin Shinawatra is traveling around the world on passports from Nicaragua and the Bahamas… and not because those countries have official programs for ordinary investors, but because Thaksin used his connections to make compelling donations.
Clearly, unofficial programs generally come down to knowing somebody of significant influence in the government. In most countries, the head of state has the authority to naturalize a foreigner at his/her discretion, and this happens frequently in small countries that have been assisted by the actions or donations of a particular individual.
Now … assuming that you don’t have any heads of state in your rolodex, aren’t descended from Polish grandparents, and don’t want to swallow a $395,000 pill for St. Kitts citizenship, the next category may be of interest to you. It’s called an expedited citizenship, in which an individual can become naturalized through some special program offered in the country. Typically this can be marriage, adoption, investment, religious affiliation, and of course, birth. We’ve found and offer an expedited citizenship that will allow you to have a passport in 6 – 8 months. This is an accelerated investor program where there is no investment required – just an income of $3,000 per month. And, residency is not required. The passport is from the Dominican Republic.
Dual Citizenship
Dual citizenship is permitted. Once citizenship is granted you have the option of living and working in the Dominican Republic for the rest of your life.
Tax Free Status
A second passport and Dominican citizenship is the key to preserving your wealth. If you have income coming in from outside of the Dominican Republic you do not pay income tax on this income.
Security
Protection of bank accounts, real estate and businesses, both abroad and within your own country.
Confidentiality
The Government of Dominican Republic does not inform the country of your current citizenship or residency about your second or third citizenship.
How To Get One - For the procurement cost of $24,900, this passport and citizenship can be yours in 6 – 8 months. In addition, apply now and receive your accommodations and airport pickup free.
Want to renounce US citizenship?
The DR passport offers a low-cost way to do it. Millions of people are disconcerted, dismayed, or outright disgusted at President Obama’s victory, and they sense a continued decline of civil liberties and economic opportunities.
The frustration and apprehension is understandable. We can’t begin to tell you how many emails we’ve received over the last few months, mostly from US citizens who have reached their breaking points, asking, “Where can I get a second passport?”.
The Dominican Republic offers one of the most economic passports in the world.
This is an island retreat where it’s perfectly acceptable to do nothing but lounge poolside for an entire day. Where white sand beaches and year-round tropical temperatures welcome the adventurous and serene alike. We do the heavy-lifting for your citizenship. You enjoy a wide variety of activities, including horseback riding, tennis, water sports, and more. Or, simply relax in the sun and do nothing at all. The DR is only a short flight from the US or Canada. And, there are numerous direct international flights from around the world including Europe, Central and South America. The process is incredibly easy for you. Simply make three short trips over a 6 – 8 month period and receive your passport.
- Getting a passport in the DR is cheaper than practically any other country in the world
- The DR only taxes its citizens on money earned in the DR
We require of you certain documents and about 3 hours during your first of three trips into the country. In between, you can play a round of golf, scuba dive the crystalline Caribbean waters, or try your hand at kite boarding. Enjoy a quiet morning stroll along the beach, dine in wonderful restaurants, or indulge in a massage treatment. Its wealth of activities and ideal tropical climate make the Dominican Republic a blissful island oasis.
On your second and third trips you will do nothing except show up. We will require very little of your time while the warm ocean breeze welcomes. Our attorneys will finalize all the important details while you listen to faint sounds of waves crashing on the sand drift from the nearby beach.
We are offering hotel accommodations and chauffeur service for a limited time. Contact us below for more information.