Showing results for tag "second passport"
The most interesting part of this story is that she is not required to renounce, Switzerland and the US allow dual citizenship. It was her choice to renounce, and that choice has serious costs - but benefits that outweigh them.
Like individuals and businesses, countries are also at competition with one another to capture the constant migration of foreign capital and productive people. That's why the U.S. offers generous tax breaks for foreign investors. And why most Caribbean islands don't tax foreign income at all. And why Spain, Greece, and Latvia offer immediate residency to those who purchase a qualifying property.
You are technically a slave when 100% of the fruits of your labor is taxed or otherwise confiscated by force. For some people in France, it is dangerously approaching that threshold and causing them to renounce their citizenship. Gerard Depardieu is literally the concept of “capital flight” personified.
A couple of items in the news last week provided illustrations of political risk – i.e. the ability of governments to seize assets within their jurisdiction at the flip of a switch. It is the risk that you take by locating anything of value within any single jurisdiction, whether it’s your business, your savings, or yourself.
As we all observe the Great Unraveling, the slow slide into the second half of the storm that some of us regard as the Greater Depression, an increasing number of people, particularly in Europe and the US, are asking how this will all play out. How will I know when it is time to get out?
As European governments become more desperate to find ways to attract wealth and investment to their nations – having squeezed their own citizenry dry (and illustrating exactly why those born into any seemingly prosperous nation should still diversify internationally, as when things turn bad they often do so quickly) – they are increasingly opening the doors to foreigners with a little extra cash.
Fitzroy Drkavic comes from an Austro-Hungarian family that has lived through some of the worst the world has to offer. Now, he sees some of the same factors that caused so much hardship for his relatives emerging in his new homeland of Canada - and has decided to do something about it.
Remember 1984? The book, not the year. In it, the government is all-knowing, or at least all-watching. Could present day nations be turning into this kind of authoritarian (dare we say "totalitarian"?) Orwellian nightmare? New laws in several countries seem to be tossing out many rights that citizens have long considered their due. Today, Dale Sinner considers some of these new laws and what that means to these rights - and what we can do about the whole situation.
Over the course of the last two weeks we've followed frequent traveler Mark Svoboda as he shared his findings on Colombia. Today Mark wraps up his report with the different residency options available in the country.
A few weeks ago permanent traveler Ian Oliver shared his insights with us in "The Top 10 Lessons of a Grizzled PT". One reader responded to the article, asking which countries had he lived in? So, today, Ian begins answering that question with the first stop along his PT Journey - The Pearl of the Orient - Hong Kong.
When we think about second passports, exotic locations such as Singapore or Uruguay often come to mind. But could it be that an American's best bet for second citizenship lies just north of the border?
The criminal finance system that is in place around the world has just lost another participant and, if enough bricks are removed, the wall may come down completely and we will all be able to see the true nature of the beast within. Ann Barnhardt of Barnhardt Capital Management, wrote the following points as part of an open letter to friends, clients and industry colleagues when she closed operations at her firm on November 17, primarily due to realizations made as a result of the MF Global collapse.
As we've mentioned before, internationalization can be thought of as a buffet where you take what you want and leave what you don't. Some people want to simply diversify their assets across jurisdictions, while others want to internationalize their income streams. Still others go the whole hog and internationalize themselves personally as well.
Exclusive interview with Dan Gallapoo aka "Doberman Dan", a serial entrepreneur and professional copywriter who specializes in building online businesses that can operate anywhere in the world without his direct daily involvement.
We receive quite a few messages from our readers – questions, comments and feedback about our service. A few days ago, I received the following message: “I’m brand new at this [internationalization] and not quite sure where to start. There is so much to do and it is all overwhelming. Any suggestions?”
We're here today with Bernard Jarvis, a former US-based animator and entrepreneur who ditched the “American Dream” with his sailboat and laptop for the shores of laid-back Uruguay.
Today, we're talking with Mark Wallace, a serial entrepreneur and investor who lives an international lifestyle with his wife Danielle. He is an American by birth but, in his own words, "a mutt by ethnicity," who spends time on at least three continents a year and in more than a few countries-always on the lookout for new social, business and lifestyle opportunities.
For many years, those of us who are not American have frequently advised our American friends of the coming economic collapse of the US, suggesting that they prepare a "back door" so that they are not trapped in a location that may well be a problematic and even dangerous place to live for themselves and their families.
At 23 years of age, Marina Passalaris left the sunsets of Zululand, South Africa with her family for Australia’s Sunshine Coast. Marina talks to us about the difficulties she had in moving abroad, and about the business she’s now set up, Beautiful Minds.
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