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      Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

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      How Much Will It Cost You To Live Overseas?

      The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

      Super Cheap

      • Chitré, Panama
      • Santa Marta, Colombia
      • Phuket, Thailand
      • Dumaguete, The Philippines

      Cheap

      • Medellin, Colombia
      • Boquete, Panama
      • Kyrenia, Cyprus
      • Hua Hin, Thailand
      • The Algarve, Portugal

      Affordable

      • Valencia, Spain
      • Cascais, Portugal
      • Las Terrenas, The DR
      • Pisa, Italy
      • La Rochelle, France
      • Mazatlán, Mexico

      Luxury

      • Ambergris Caye, Belize
      • Kotor, Montenegro
      • The Panama City Beaches
      • Paris, France
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      • Home
      • Countries

        Top Destinations:

        Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

        • Spain
        • Portugal
        • Panama
        • Belize
        • Colombia
        • Cyprus
        • Mexico
        • France
        • Montenegro
        • Browse All Countries

        Best For:

        • The Best Places To Retire
        • Health Care Abroad
        • Cost Of Living
        • Investing in Real Estate
        • Establishing Residency
        • Gun Laws In The World
        • English-Speaking Countries
        • Safest Places For Retirement
        • Best Places In Latin America
      • Budgets

        How Much Will It Cost You To Live Overseas?

        The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

        Super Cheap

        • Chitré, Panama
        • Santa Marta, Colombia
        • Phuket, Thailand
        • Dumaguete, The Philippines

        Cheap

        • Medellin, Colombia
        • Boquete, Panama
        • Kyrenia, Cyprus
        • Hua Hin, Thailand
        • The Algarve, Portugal

        Affordable

        • Valencia, Spain
        • Cascais, Portugal
        • Las Terrenas, The DR
        • Pisa, Italy
        • La Rochelle, France
        • Mazatlán, Mexico

        Luxury

        • Ambergris Caye, Belize
        • Kotor, Montenegro
        • The Panama City Beaches
        • Paris, France
      • Resources

        Global Living

        • Living & Retiring Overseas
        • Raising A Family Abroad
        • Foreign Residency & Citizenship
        • Offshore & Diversification

        Making Money

        • International Real Estate
        • Banking
        • Employment
        • Investing

        Follow Us:

        • Meet Our Experts
      • Real Estate

        Join our Weekly Newsletter
        Overseas Property Alert

        Sign up for our weekly newsletter to receive expert insights on the best international real estate investment opportunities.






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          Buying Real Estate For Cashflow

          • Discover tips and strategies used by global property investing veterans

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          • Explore Our Events Site

          International Property Summit

          Caribbean Virtual Conference

          Live and Invest In Spain Conference

          PANAMA CITY, PANAMA

          June 18-20, 2025

          VIRTUAL

          July 17-19, 2025

          Valencia, Spain

          Sep. 17-19, 2025

          LEARN MORE
          LEARN MORE
          PRE-REGISTER
          LEARN MORE
          PRE-REGISTER
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          Services

          overseas living letter offers affordable retirement guidance
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          Home Residency/Citizenship

          Benefits Of Holding A Second Passport

          by Lief Simon
          Dec 04, 2024
          in Residency/Citizenship
          0 0
          Warsaw, Royal castle and old town at sunset. second passport

          AdobeStock/Mike Mareen

          I have a tip that could save you a lot of time and money…

          You may already know that I have two passports: my U.S. passport, plus an Irish one.

          What’s the point of having two passports?

          There are actually a lot of reasons why it’s a good idea…

          We all remember the lockdowns and travel restrictions during the pandemic.

          Americans were banned from entering Europe and Europeans were banned from entering America.

          But because I hold both an EU and a U.S. passport, I was free to enter either jurisdiction. The bigger issue for me at the time was finding flights!

          A second passport allows you to live, work, and invest more freely…

          With an EU passport, for example—like my Irish one—you can get a job in any EU country, and move around the European Union at will. Stay as long as you like. Make it your forever home, if you want.

          It’s the perfect backup plan for when things go bad in your home country…

          A second passport can also allow you to visit more places without needing a tourist visa…

          My Irish passport came in handy when I had to make a research trip to Brazil…

          At the time, U.S. passport holders needed a visa to enter Brazil, but with my Irish passport, I could sidestep that requirement.

          Brazil subsequently changed their visa rule for Americans—but now it’s changing back.

          As of April 10, 2024, U.S. citizens can travel to Brazil for leisure or business without a visa. However, starting April 10, 2025, a visa will be required again.

          Most importantly, eligible applicants can apply for an e-visa, which will cost $81 per person and be valid for 10 years.

          I can avoid the wait and the fee with my Irish passport…

          You just never know which country will change their requirements in the future.

          A second passport is the most powerful travel tool and live-overseas tool you can have in your pocket…

          Start Your New Life Today, Overseas






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            3 Reasons… And 9 Countries

            So, there are at least three big reasons to get a second passport: (1) Avoid future lockdowns; (2) the right to live (no questions asked) in another country; (3) travel cheaper and more freely.

            A second passport usually costs you one of two things: (a) a lot of time, or (b) a lot of money…

            Plus, if you live in a country long enough, you will usually be entitled to apply for citizenship after a certain number of years. The length of time varies widely depending on the country…

            You can also—in certain countries, particularly in the Caribbean—buy second citizenship and a passport. Many countries have so-called citizenship-by-investment programs (CIPs). Make a substantial investment in the country… which can include buying real estate… and you will be entitled to fast-track citizenship. There are options available right now from US$125,000.

            But here’s my tip that could save you a lot of time and a lot of money…

            Did you know that you could be entitled to a second passport, simply because of your heritage?

            You could even be entitled to what I consider to be the best passport in the world… the EU passport (because it allows you to live in 27 different countries).

            According to Bloomberg, up to 40% of Americans could actually be entitled to a European passport. If your parents or grandparents were born in Ireland, for example, and you can prove it, you will be entitled to Irish citizenship.

            The same applies in many other countries.

            For every American who has European heritage… this could be a pathway for you.

            Researching your heritage can be fun… it can also open up the world to you with a second passport.

            And here’s the best news of all…

            There are nine EU countries where you can go back three generations (or more, in some cases) and still be entitled to citizenship… in other words, if you have a great-grandparent with citizenship from that country, you can also become a citizen (and get that country’s passport).

            Here’s the list…

            Bulgaria:

            Offers citizenship by descent to those who can prove they are of Bulgarian origin, with no limit on the number of generations that may have passed.

            Hungary:

            In 2010, Hungary amended its nationality law to allow for the naturalization of foreign citizens of Hungarian descent without the need for a residency period or mastery of the Hungarian language.

            If you can prove you have a descendent from within the borders of the Hungarian Empire, dating back to the Middle Ages, you can become a Hungarian citizen…

            Start Your New Life Today, Overseas






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              Ireland:

              Ireland grants citizenship up to the third generation of Irish descendants. This is one of the most popular. Even though Ireland has a population of just 5 million… around 15 million Irish passports are in circulation.

              Italy:

              If you can demonstrate Italian ancestry, dating back as far as when modern Italy was unified in 1848, you’ll be eligible for citizenship.

              Latvia:

              Anyone belonging to the Latvian or Liv ethnic groups, and descendants from those exiled from Latvia by war, are eligible for Latvian citizenship. There are no specified generational limits.

              Lithuania:

              You’re eligible for citizenship if one of your ancestors up to and including your great-grandparents were citizens of the Republic of Lithuania (from 1918 to 1940), or if your ancestor left Lithuania before it regained independence in 1990.

              Luxembourg:

              You can claim citizenship by descent if your parent, grandparent, or even an earlier ancestor (from paternal lineage) was a Luxembourg national. You’ll need to provide the birth certificate of your ancestor or other relevant documents, available upon request in Luxembourg’s public records bureaus.

              Poland:

              The country grants citizenship to those who can prove that they have ancestors who were Polish citizens at or after the founding of the Second Polish Republic in 1919, and there are no generational limits on eligibility.

              Slovakia:

              1. If you have an ancestor born in former Czechoslovakia on what is today the territory of the Slovak Republic, you can claim citizenship…
              2. When thinking on planting flags in any European country, it’s worth it to do a little digging into your ancestry.

              It could save you a whole lot of time and money on your overseas journey…

              Stay diversified,
              Lief Simon signature
              Lief Simon
              Editor, Offshore Living Letter

              Start Your New Life Today, Overseas






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                Tags: 'Diversification Offshore''second passport'
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                Lief Simon

                Lief Simon

                Lief Simon has lived and worked in 7 countries on 5 continents and traveled to more than 75 countries. His real estate investment career began with a $5,000 down payment on a three-flat building in Chicago. Less than three years later, Lief sold the building for a leveraged return of 3,000%—$150,000 in profit after closing costs and commissions.

                From there, he turned his attention overseas and has bought property in 24 countries including France, Croatia, Portugal, Ireland, Belize, Spain, Argentina, Cyprus, Romania, and beyond. Thanks to his decades-long career as a global property investor, Lief has built a multi-million-dollar portfolio that includes rental properties, significant land holdings, and 7 personal residences.

                Lief has established residency in 3 countries and acquired a second passport from Ireland.

                In 2008 Lief and wife Kathleen Peddicord made the most important investment of their lives—a 215-acre oceanside finca, known as Los Islotes. There, on Panama’s largely undiscovered Veraguas coast, they’ve installed underground electricity, water, and internet and built a forever family home that sits at the heart of their ultimate vision: a gold standard private residential community for those in search of a true safe haven escape.

                Lief’s latest book, “Cowboy Millionaire—The New American Pioneer,” collects all the wisdom he has learned in three decades of living and investing outside America.

                He offers advice on international diversification in his twice-weekly Offshore Living Letter and monthly Simon Letter dispatches. For real estate investment opportunities, check out his monthly Global Property Advisor service.

                If you’d like to meet Lief in person, join him for one of our upcoming in-country conferences. You’ll find further details here.

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                      HOME

                      Top Countries

                      • Spain
                      • Portugal
                      • Panama
                      • Belize
                      • Colombia
                      • Cyprus
                      • Mexico
                      • France
                      • Montenegro

                      Best For:

                      • Health Care Abroad
                      • Retirement Living
                      • Cost Of Living
                      • Investing in Real Estate
                      • Establishing Residency
                      • Gun Ownership
                      • English Speakers
                      • Safety
                      BROWSE ALL COUNTRIES

                      Budgets

                      How Much Will It Cost
                      To Live Overseas?

                      Super Cheap

                      • Chitré, Panama
                      • Santa Marta, Colombia
                      • Phuket, Thailand
                      • Dumaguete, The Philippines

                      Cheap

                      • Medellin, Colombia
                      • Boquete, Panama
                      • Kyrenia, Cyprus
                      • Hua Hin, Thailand
                      • The Algarve, Portugal

                      Affordable

                      • Valencia, Spain
                      • Cascais, Portugal
                      • Las Terrenas, The DR
                      • Pisa, Italy
                      • La Rochelle, France
                      • Mazatlán, Mexico

                      Luxury

                      • Ambergris Caye, Belize
                      • Kotor, Montenegro
                      • The Panama City Beaches
                      • Paris, France

                      Resources

                      Global Living

                      • Living & Retiring Overseas
                      • Raising A Family Abroad
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                      • Employment
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