Fortunately, different countries shine for different reasons. Some are better for banking, others for investing, some for residency, and yet others as places to incorporate your business. No country gets A ratings on all fronts.
Panama is one country that gets close. Banking options are great in Panama, with more than 80 banks operating here. Most won't open a consumer account for you unless you have a "connection" to Panama either through residency or because you own real estate in the country. Private banking accounts are easier to open, but require high minimum balances, from US$25,000 to US$1 million at the high end. You can also open a corporate account if you open a Panamanian corporation. Investment opportunities in Panama are mostly related to real estate--rental investments, timber, land banking, and development.
Using Panama as a base for incorporating your business can make sense as the country doesn't tax entities that aren't operating in Panama. You can set up a business in Panama and have an office in the country and still pay no Panama taxes if all your income is derived from outside Panama or if your business qualifies under the rules of one of the incentive areas of Panama Pacifico or the City of Knowledge.
Panama offers many options for residency, including the new "Specific Countries" residency visa that has been expanded to include 47 countries. If you hold a passport from one of these countries, residency (and I mean permanent residency) is straightforward. If you don't hail from one of those 47 countries, you still have a dozen other residency options, including a very easy retirement residency option.
Even though Panama offers good choices related to nearly all the Five Flag agendas, you don't want to plant all your flags here. Choose one or maybe two to base in this country and then look to other jurisdictions for the others. If you decide to live in Panama, then you'll want a local bank account, but plant a banking flag in another country, too. Don't bring the bulk of your assets with you to Panama if you plan to live here. And incorporate your business here only if you need a local company for operations.
What other jurisdictions should you be looking at? We'll discuss the best choices right now in more detail at the conference later this week. Here's a short list to help focus your thinking:
- Banking - Belize, Uruguay, Singapore
- Residency - Uruguay, Ireland, Malaysia
- Citizenship (through residency) - Ireland, Uruguay, Dominican Republic
- Citizenship (through ancestry) - Dictated by where your family is from
- Economic Citizenship - Dominica, St. Kitts
- Assets/Investment - for real estate: Colombia; for farmland: Uruguay; for a brokerage account: Denmark
- Asset Protection - Belize, Cook Islands
- Incorporating Your Business - Singapore, Nevis
Of course, coming up with a personal strategy for which jurisdictions are best for you is more complicated than simply picking countries for each flag. Still, this list will get you started.
This is where we'll start our discussions tomorrow for this week's Offshore Summit. With the help of more than three-dozen of the world's leading offshore experts and advisors, I'll walk attendees through the thinking that should go into customizing your own Five Flags diversification plan.
If you're unable to join us, don't worry. Kathleen Peddicord will be attending as journalist-in-residence. She'll report from the scene in real time each day.
In addition, each day's sessions, including every presentation, every workshop, and all Q&A, will be recorded. We'll make the complete bundle of recordings and speaker materials available as part of our new Offshore Summit Home Conference Kit, which you'll be able to purchase starting tomorrow for a discounted pre-release price. Meantime, you can register your interest here to be sure to be eligible for the pre-publication discount.
Lief SimonContinue Reading:
Read more...
----------
Your Fellow Readers Have Been Having A Ball On Facebook This Week, Posting Their Photos From Around The World!
Take a look and join in on the fun.
Post a photo of your favorite spot overseas. Every entry gets a prize...and best photo wins a Grand Prize!
Go here now to view your fellow readers' favorite foreign snapshots...and to post one of your own!
----------
Dear Overseas Opportunity Letter Reader,
Let's take a step back this morning and regroup.
If you're considering the idea of retiring to another country, where should you be looking? As I remind you regularly, it depends what you're looking for...
In these dispatches, I give a lot of virtual ink to Latin America. That's because it's nearby to North America (where most of our readers currently reside) and because it can be cheap and sunny (two things most would-be expats and retirees abroad actively seek).
But there's a world beyond these Americas that can also offer good weather and a low cost of living...plus, in some cases, some things you won't find here.
Asia boasts a number of the most cost-friendly places anywhere to call home right now. Pockets of Thailand, China, and India, for example, can be absurdly cheap. Living on this side of the planet, you'd also have access to some of the world's most beautiful beaches.
Your life would be full of the exotic, the unexpected, and the adventuresome. That is to say, the culture shock would be significant. For some, this reality is thrilling and invigorating...for others, intimidating, even terrifying.
In Asia, as well, you have an added challenge related to residency. Typically (the exception is Malaysia), you aren't going to be able to arrange to stay on indefinitely (legally) as a foreigner. You'll have to make regular border runs, which can grow tiresome and expensive.
The easier alternative is not to approach Asia as a full-time choice but, instead, to create a retire-overseas plan for yourself that allows you to enjoy the benefits of Asia (super cheap and super exotic) part-time. Don't worry about trying to organize permanent residency. Stay as long as you can as a tourist and then move on.
How about three months in Chiang Mai, where your retirement budget would stretch far indeed, followed by a few months in the south of France?
Which bring us to Europe. Most would-be retirees abroad dismiss Europe as too expensive, but this isn't necessarily the case. Sure, a retiree on a modest budget probably can't afford Paris, but have you considered southwestern France, where life is quintessentially French but, as well, surprisingly affordable?
One of the big advantages of Europe, compared with other regional retire-overseas options, is the opportunity it affords for what a friend last week referred to as "high culture." Every country in the world has local culture, but not everywhere has world-class museums, opera, and live theater, for example. If you're interested in a life that includes what are conventionally recognized as cultural offerings of the high-brow variety, look to the Continent.
Which is not to say it's impossible to enjoy an Old World Continental lifestyle anywhere else. Some cities in South America offer a fair imitation—Buenos Aires, for example, and Medellin, Colombia, to name two. Both are cities of open-air cafes, classic-style museums and theaters, art galleries and antique shops.
And both, you'll note, are in South America, not Central America. The differences between these two regions, even between Panama and Colombia, just next-door, can be striking. I'm speaking generally and could name exceptions to every point, but, again, generally speaking, South America offers what I'd call more polished options. Not everywhere. It's possible, of course, to retreat to a lifestyle that'd qualify as modest, even basic, on this continent.
At the same time, though, South America is the place to focus if you want culture on the cheap.
Central America, by contrast, is, everywhere, very rough around the edges. These are small, developing countries with non-existent budgets for things like art museums.
Making for a way of life that is, for some, charming. Romantics (like me) in Central America focus on the potential for what could be rather than the reality of what sometimes is. Others find Central America frustrating, disappointing, even appalling.
On the other hand, this sun-blessed region can be but a quick plane hopaway...
Pluses and minuses...give and take.
Kathleen PeddicordP.S. What else this week?
- One of the biggest challenges you can face relocating to another country, especially to a developing country, is creating a reliable system for having your mail delivered.
Not your e-mail. That's easy these days. You can get an Internet connection in all the places I write to you about in these dispatches.
But real mail? The old-fashioned kind that requires an envelope and a stamp? That can be a big problem...
- The foreign-earned-income exclusion...foreign tax credits...investment rental write-offs...deductible travel expense...
The talk in our offices these days is all to do with taxes.
As we're American citizens living abroad (that is, Americans legally resident elsewhere), our taxes needn't be postmarked by April 15. We have an additional 60 days (until June 15) to get our returns to Uncle Sam each year.
Nevertheless, Lief applied for a six-month extension for our U.S. tax filing this year. We weren't the only non-resident Americans to ask for a little extra time to get our returns to the IRS. Not only Lief, but friend and international tax attorney Chris Rusch, who shares office space with us here in Panama City, have been frantically filling out IRS forms for the past two weeks, Lief for us personally and Chris for his far-flung clients who, like us, are now up against their final filing deadlines.
Lief reports that our returns are nearly finalized...with two days to spare. And he offers these tips for other Americans abroad keen to keep compliant but eager, as well, to pay no more in U.S. tax each year than absolutely necessary...
This is our list of six things we wish someone had told us about international tax planning and asset protection before we set off on our living and investing overseas adventures 13 years ago...
- As I explained earlier this week, I've begun work on my second book, which will feature real-life tales of people who are already living their dreams overseas.
Meaning, as I further explained, I'm currently in the market for stories.
In the couple of days since, my e-mailbox has been inundated with e-mails from readers with inspiring tales of adventure they're eager to share.
For example...
- "I hereby update you on the status of your permanent residency application with Uruguay's immigration department (DNM)," began the letter from my Montevideo attorney.
"As a result of some abuses," he continued, "the DNM is now requesting that every applicant have an address in Uruguay (which will be randomly verified by the DNM) and that every applicant show significant time residing in Uruguay.
"This is not a change in the laws. The immigration law has always made these stipulations. However, until now, these things have not been formally verified.
"In the current climate, those who apply for residency before moving to Uruguay will simply see their files delayed until they meet the two requirements of physical residency.
"For those who spend more than 365 days without entering Uruguay, the file will be closed. This is not the same as a rejection. The applicant can reapply anytime and could still be granted residency by meeting all requirements.
"As a result of what I've just explained, regarding your status," my attorney continued, getting to the point, "the situation is the following: Your file could be closed anytime, given that you have been out of Uruguay for more than 365 days.
"Your file is now waiting for your new police record.
"In addition, to have the file progress toward the granting of resident status, it is important that, in the near future, you show an address that can be verified and that you start spending some time at that address..."
My intention when I started this process, explains Correspondent Taylor White, what now feels like ages ago, was to establish residency status in Uruguay and then to apply for citizenship.
When I initially contacted the attorney's office, I dealt with a really good lawyer who walked me through everything. He helped me to get all the advance documents in order, then I set dates for a trip to Montevideo based on his availability and flew down.
When I got to Montevideo (how long is that flight anyway...nine hours?), the attorney was on vacation. I dealt with a junior associate. I knew that day that I should reconsider the whole idea. But I'd just made the investment of the trip down and the investment of the time beforehand to get my paperwork in order, so I pushed ahead with the junior associate.
I signed the application forms, got my health card, and went to the immigration offices for fingerprints as instructed. So far so good.
As soon as I got back to Panama, I got an e-mail from the lawyer saying that my fingerprints hadn't been done correctly and that I should fly back down to redo them. As I knew it would take some time for me to get my background check from the States, we mutually agreed I wouldn't return immediately but would wait until my police record in the States was ready. He confirmed that my file would continue to be processed and that the lack of fingerprints wouldn't be a problem (as it had been immigration's mistake).
That was the theory. The reality was that my file was set aside.
Months passed. Finally, I realized that the only way to get things moving again would be to fly back down there (really, is it an 18-hour flight?), to redo the fingerprints with immigration, and to verify receipt of my police report from the States.
Which I did. I confirmed and re-confirmed while in the country that everything, finally, was in order.
Back in Panama again, I was a little paranoid given my experience to date. I contacted my lawyer regularly to make sure all was well. After the first few weeks, he got irritated with me for checking up with him so often. His boss, the attorney I'd originally communicated with, finally wrote to ask me not to e-mail so often.
Everything is under control, he assured me. It's just that immigration is backed up. It's taking a little longer than usual, that's all. No problem...
Months go by. My documents expire. I have to redo them. The attorney blames immigration, who blames Interpol...
Finally it comes out that my police report from the States never in fact showed up. I'd need to request it again...and then to fly back down to Montevideo...
At this point, I figured my best bet might be to start over with a new law firm. This one hadn't worked out so well for me, and I had to redo all the paperwork anyway.
Then came all the talk about the new Uruguay tax laws...how all residents would be taxed on their worldwide income. Then the new laws were not going to apply to resident, only to citizens...
But that was my end game--citizenship.
Back to square one with the Uruguay residency visa, uncertain what the tax implications might be for me as a Uruguay citizen (assuming I ever managed to achieve that status), I'm regrouping.
My attention has been caught by another jurisdiction: the Dominican Republic.
I'm now considering a plan to acquire what might qualify as the world's worst travel document (a Dominican Republic passport). The upside is that there are no requirements to live in the country while applying for the residency visa.
First step, a temporary residency visa. Next step, about five months later, a permanent residency visa.
Then, a year later, I could be a white, non-Spanish-speaking Dominican.
What could go wrong?
Read more...
The Bloomberg Business Week writer who interviewed me last week began our conversation by asking my pick for the world's best place to live. Paris, I told him, without hestiation. We're on our way today to spend some time reminding ourselves just how appealing la vie francaise can be. More tomorrow. Kathleen Peddicord P.S. What else this week?
- After cost of living and housing, the question offoreign residency options is a key one to consider as you make your retire-overseas plans.
The truth is, not every country welcomes foreign residents or retirees, and, in those that do, the requirements for qualifying for residency status vary greatly. Some countries (for example, Panama), on the other hand, offer many different options for establishing permanent residency.
The most important thing about residency visa options for any country is to understand the rules before you get too far into your relocation plans. You don't want to begin house-hunting in a country only to find that you don't qualify for any visa option and won't be able, in fact, to take up residence, at least not legally or full time.
Before you begin to research the particular retiree resident visa options for the countries on your list, be sure you understand the relevant issues and terminology...
- Years ago, when I was just starting out covering this beat, I encountered a headline that has stuck with me:
"Why Would You Want A Second Passport?"
At the time, I wondered myself. Why would anyone need or want a second passport?
Today, I understand.
About two years ago, after more than four years of back and forth with the Irish immigration authorities, I received my Irish passport in the mail. I was finally, officially, a dual citizen.
My son, Jackson, born while we were living in Waterford, is also Irish. At that time, Ireland offered jus soli, or rights-of-the-soil citizenship. That is, because I happened to be on Irish soil when Jack entered this world, Ireland rewarded him with citizenship.
Over-immigration caused the Irish to rethink their policies. Today, it is still possible to apply for an Irish passport based on your Irish maternal lineage, and it's still possible still to obtain Irish nationality by residing full-time in the country for five years or longer. However, the country no longer offers jus-soli citizenship.
We didn't move to Ireland so that I could bear a child who would be eligible for Irish citizenship. We didn't even move to Ireland so that we could earn Irish citizenship ourselves. And we didn't relocate to Ireland with the definite intention of remaining in the country long enough to quality for a second passport.
We moved to Ireland to make a home and to build a business. We resided in the country full-time for seven years, expanded not only our business but also our family, and thoroughly enjoyed ourselves.
As an added bonus, we earned Irish citizenship. We didn't set out after it, for, again, I didn't appreciate the value of a second passport 13 years ago when we made our initial move overseas.
Today, I do...
- "I attended a real estate committee meeting of the American Chamber of Commerce of Panama earlier this month," writes resident global real estate investing guru Lief Simon. "One of the subjects discussed was the formal implementation of a multiple listing service in Panama.
"More and more countries or regions are attempting this--to put in place a multiple listing service(MLS). Functional MLS's operate in Buenos Aires, Roatan in Honduras, and in some localized markets within Mexico. I've seen an MLS in Spain, too, but I wouldn't call it functional.
"The difficulty with an MLS system is getting the local brokers and agents to use it. It took years of effort before the system in place on the Bay Island of Roatan became an effective tool for real estate professionals and buyers. Brokers were used to keeping 100% of the commissions themselves, and most weren't interested in splitting commissions, even if it meant that, in the end, they could do more total business and make more money. Eventually, though, thanks to persistent efforts by U.S. real estate agents who'd migrated to this island and who understood the long-term benefits and bonuses of an MLS, the agents on Roatan have come around and the island system appears to be working.
"A functioning MLS has many benefits, one of which is the statistics that it helps to accumulate (assuming everyone is entering correct data into the system). Without an MLS, statistics on sales prices, list prices, and volume of properties sold is non-existent. You have nothing but word-of-mouth from brokers and real estate attorneys to rely on.
"And you can't rely on what the brokers or, often, the attorneys report at all.
"So what is a would-be real estate buyer to do when shopping for a piece of real estate in a market with no MLS? A lot of ground work..."
ALSO From Global Real Estate Investing Guru Lief Simon: A friend in Europe called this week to ask if I thought my Marketwatch members would be interested in bank foreclosure deals in Mediterranean countries. My friend has been active as a broker and developer in Spain and Croatia for more than a dozen years and has contacts elsewhere in Europe, as well. I assured him that, yes, this is the kind of opportunity I'm keen to bring my Marketwatch members, and I'm reviewing details for a forthcoming Marketwatch report now. The kinds of extreme bargains my Euro-market contact is telling me about are available in many markets right now. The key is locating them. You won't find these kinds of deals on the Internet. You have to have "boots on the ground," as they say, either your own or those of a reliable contact (like my friend), someone active in the market where you're shopping. As another real estate colleague puts it, "The best deals never make it to the window," referring to the listings you see in the front windows of real estate agencies. In an active market like Paris, for example (a market I've gotten to know well over the past half-dozen years), the properties you see posted in real estate agency windows are those the agency is having trouble selling. Typically, these window listings have been on the market much longer than average, typically because they're over-priced. The best deals, on the other hand, are passed along behind the scenes. This is how we found our apartment in Paris. The agent we were working with hadn't even signed the listing agreement for the place when she told us about it. The price was low, because the about-to-be-divorced Frenchwoman owner wanted a quick sale. We viewed and made an offer on the apartment before it was officially listed for sale. Yes, we were lucky, but I believe you can help to make this kind of luck for yourself. To be in a position to find out about these kinds of opportunities (motivated sales that haven't even officially made it to market, for example), you need to be "in the market." That is, you need to be on the ground looking, speaking with agents, and making it known that you are a serious buyer. Sending e-mails and promising to fly to the country as soon as the agent finds what you're looking for won't get you far. A serious guy gets on a plane. By putting yourself in the market, you increase your chances that an agent will think of you first when an especially interesting opportunity comes his way. You don't necessarily need to be physically present in the country at the time, but you need to have built up personal relationships and credibility on the ground. I'm stating the obvious, but I'm reminded regularly of the importance of making an effort to make yourself known in any market where you're interested in investing. Readers write to say how disappointed they are with the service they are getting from the real estate agent they're communicating with via e-mail in Country X. Or they write to tell me they think the prices they are finding on the Internet are too high and that there are no good deals to be found in Country Y. I've come to think of the Internet as the virtual shop window for real estate agencies worldwide. As with those listings you'll see in the front windows of agencies in Paris, the ones you find on the Internet are posted for the uninitiated market. Only those who don't know any better, frankly, would buy a piece of real estate sourced over the Internet without first making an effort to get to know the real-world market (as opposed to the virtual one).
A local attorney can detail all the possibilities for you, and, in most cases, I recommend you use a local attorney to process the associated paperwork for the visa you choose to apply for. It's worth the minimal expense, and it saves you the effort of trying to wade through the related red tape in a foreign language. In some cases (again, in Panama, for example), an attorney's help is not only advisable but required. The most important thing about residency visa options for any country is to understand the rules before you get too far into your relocation plans. You don't want to begin house-hunting in a country only to find that you don't qualify for any visa option and won't be able, in fact, to take up residence, at least not legally or full time. In some countries, on the other hand, the options for foreign residency are one of the big advantages for foreign retirees. Right now, Panama's pensionado residency program is the gold standard. Qualify for pensionadoresidency in Panama, and you can bring your household goods and a car into the country duty-free and then, while living in Panama, benefit from discounts on everything from doctor's visits and prescription drugs to domestic airfares and closing costs on real estate. To qualify for Panama pensionado status, you need only show income from a pension (can be a pension from any source, including Social Security) of at least US$1,000 a month. Note, though, that the pensionado visa is but one of more than a dozen visa options available in Panama. This is why, again, you really need the help of a local attorney with experience helping foreigners establish residency to determine which option makes most sense for you. Before you begin to research the particular retiree resident visa options for the countries on your list, be sure you understand the relevant issues and terminology. A visa is a document that allows you to remain within a country's borders for a specified period and, sometimes, with specified restrictions and limitations. A tourist visa is the easiest form of entry into a country, and this is all you'll need for your initial scouting visits. Most Western passport-holders (including Americans) aren't required to apply for tourist visas to most countries. You need only show up. When you arrive at the entry point into the country (typically the international airport), you show your passport, and you're automatically granted a tourist visa and allowed to enter the country. Sometimes you'll be required to fill out a form, and sometimes you'll be asked to pay a fee (of, say, US$5). A tourist visa allows you to stay in a country for 30 to 90 days, depending on the country and the passport you carry. That's why this is all you'll need during the scouting phase of your retire overseas adventure. To stay in a country beyond the 30 to 90 days allowed for by the tourist visa, you'll need a residency visa. When you hold a residency visa or permit for a country, you're a legal resident. You're not a citizen. This is an important distinction, especially for tax purposes. You're not a citizen, and you don't necessarily have the right to work. A work permit is a separate thing. Residency visas come in different forms--temporary and permanent, for example. A temporary visa, as you might guess, gives you the right to remain in the country for a limited time, typically one year. After that time, you must apply for another residency visa. The re-application is usually a formality, but you may be asked to prove again that you meet whatever requirements you were required to meet to obtain the visa in the first place. Depending on the country, after you've renewed your temporary residency visa a certain number of times (three or maybe five, for example), you can be eligible then for permanent residency. It depends on the type of temporary residency visa you started with. In most countries, you'll be required to make a new application to progress from temporary to permanent visa status. Once you've obtained permanent resident status, you're done. You're free to live in the country as long as you like and to come and go as you please. Residency visa requirements aren't onerous, but the paperwork can be a hassle and the process can require several trips to the local immigration office (where the bureaucrats behind the counter aren't going to speak English). This is why I recommend that, for most countries, even if it's not required, you engage an in-country attorney experienced at helping foreigners obtain residency. This isn't rocket science. But it's a process. In another language and in another country, where they do things the way they do things. The systems and protocols don't have to make sense to you, and sometimes they won't. I've found that it's a waste of time and energy to try to understand. You don't need to understand how the residency visa application process works in France. You need only qualify for a visa to remain in the country (if that's your objective). Why drive yourself crazy (and waste your time and money) trying to make heads or tails of French immigration law when you could easily hire a French attorney who has spent years interpreting it? How do you find an in-country attorney to handle your visa paperwork? I suggest you seek referrals from expats already retired in the country. An attorney is one resource you don't want to choose randomly over the Internet. I recommend trying to get at least two referrals from expats who've gone through the residency process. Then follow up to interview each referred attorney, informally, over the phone or perhaps during your first country visit. The #1 resource I know for information on foreign residency, dual citizenship, and second passports is The Passport Book--The Complete Guide to Offshore Residency, Dual Citizenship & Second Passports, written by my longtime personal friend and former Congressman, Robert Bauman. You can read more about Bob's updated 7th Edition of hisPassport Book here (as well as details of a special offerBob's publisher is making available for Live and Invest Overseas readers). Kathleen Peddicord Continue Reading:
About two years ago, after more than four years of back and forth with the Irish immigration authorities, I received my Irish passport in the mail. I was finally, officially, a dual citizen. My son, Jackson, born while we were living in Waterford, is also Irish. At that time, Ireland offered jus soli, or rights-of-the-soil citizenship. That is, because I happened to be on Irish soil when Jack entered this world, Ireland rewarded him with citizenship. Over-immigration caused the Irish to rethink their policies. Today, it is still possible to apply for an Irish passport based on your Irish maternal lineage, and it's still possible still to obtain Irish nationality by residing full-time in the country for five years or longer. However, the country no longer offers jus-soli citizenship. We didn't move to Ireland so that I could bear a child who would be eligible for Irish citizenship. We didn't even move to Ireland so that we could earn Irish citizenship ourselves. And we didn't relocate to Ireland with the definite intention of remaining in the country long enough to quality for a second passport. We moved to Ireland to make a home and to build a business. We resided in the country full-time for seven years, expanded not only our business but also our family, and thoroughly enjoyed ourselves. As an added bonus, we earned Irish citizenship. We didn't set out after it, for, again, I didn't appreciate the value of a second passport 13 years ago when we made our initial move overseas. Today, I do. Planning a trip to Brazil? Americans need a visa...Irish nationals do not. Want a bank account in Europe? An EU passport will open the doors of many bankers who otherwise might ignore your knocks. Thinking you'd like to live or work in the EU? Good luck, my fellow American. No problem, though, dear fellow citizen of the Emerald Isle (or any other EU country). Interested in traveling in the Middle East? In some countries, your blue passport with the eagle on the cover might seem a liability...but a red one with a harp on front won't raise anybody's eyebrows. A second passport expands horizons and fosters opportunity. It allows you to live, work, and invest more freely. Jackson, for example, thanks to his Irish passport, will be able, if he wants, to attend university in Europe, to get a job in any EU country when he's older, and to move around the European Union at will. A passport for an EU member country brings special advantages, but it can also be the hardest to come by these days (with important exceptions, related to genealogy). You have a number of other good alternatives, as well, in the Americas and the Caribbean. Information on residency, citizenship, and second passports is easy to come by in this Internet Age. The trouble is, googling "foreign residency" or "second passports," you don't know whether you can trust the information you find. The best (that is, the most reliable and trustworthy) source of information on foreign residency, citizenship, and second passports I know is The Sovereign Society. I've worked with this group for two decades. They know this beat. Their lead editor, attorney and former Congressman Robert Bauman, is a personal friend and the guy I go to first whenever I have a question on this front. Bob has recently published a new edition of his best-seller The Passport Book: The Complete Guide to Offshore Residency, Dual Citizenship, & Second Passports. This is the resource I recommend for all the information you need on this often misunderstood and misrepresented subject. Bob's book details how to acquire residency in the world's top overseas havens, as well as the current best options for obtaining dual nationality and a second passport. You can go here now to read more (and to take advantage of a special offer for Live and Invest Overseas readers). Kathleen Peddicord Continue Reading:
|
