Live and Invest Overseas
FREE REPORT: THE BEST PLACES TO RETIRE IN 2025
We Value Your Privacy! We will not share your email address with anyone else, period.
  • 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.






      We Value Your Privacy! We will not share your email address with anyone else, period.

      Buying Real Estate For Cashflow

      • Discover tips and strategies used by global property investing veterans

      Explore Our Latest Posts

      • Learn how to invest and purchase property abroad…

      Go To The Overseas Property Alert Site

      • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
    • Conferences

      Upcoming Events

      • Explore Our Events Site

      Live and Invest In Spain Conference

      Offshore Wealth Summit

      Greece Workshop

      VALENCIA, SPAIN

      Sep. 17-19, 2025

      PANAMA CITY, PANAMA

      Oct. 15-17, 2025

      VIRTUAL

      Nov. 13, 2025

      LEARN MORE
      DISCOUNT
      LEARN MORE
      PRE-REGISTER
      LEARN MORE
      PRE-REGISTER
      • MORE EVENTS

      Contact Our Events Team

      Toll-Free U.S. and Canada:
      1 (888) 627 8834
      From Outside North America:
      1 (443) 599 1221
      Working Hours
      Monday – Friday 08:00 am – 17:00 pm EST.

      Reach us with your questions by email at: events@liveandinvestoverseas.com

    • Store

      Unlock The World

      • Access Your Library

      Overseas Havens Reports

      • Expats' comprehensive destination guides

      Conference Kits

      • Hours of coverage  from our latests conferences

      Lahardan Books

      • Titles on living and investing around the world
      • Explore Our Store
      Your passport to a life well-lived abroad

      Services

      overseas living letter offers affordable retirement guidance
      The Simon Letter Wealth Protection Insights
      Global Property Advisor Global Investment Opportunities

      Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

    • My Library
    Live and Invest Overseas
    • 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.






        We Value Your Privacy! We will not share your email address with anyone else, period.

        Buying Real Estate For Cashflow

        • Discover tips and strategies used by global property investing veterans

        Explore Our Latest Posts

        • Learn how to invest and purchase property abroad…

        Go To The Overseas Property Alert Site

        • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
      • Conferences

        Upcoming Events

        • Explore Our Events Site

        Live and Invest In Spain Conference

        Offshore Wealth Summit

        Greece Workshop

        VALENCIA, SPAIN

        Sep. 17-19, 2025

        PANAMA CITY, PANAMA

        Oct. 15-17, 2025

        VIRTUAL

        Nov. 13, 2025

        LEARN MORE
        DISCOUNT
        LEARN MORE
        PRE-REGISTER
        LEARN MORE
        PRE-REGISTER
        • MORE EVENTS

        Contact Our Events Team

        Toll-Free U.S. and Canada:
        1 (888) 627 8834
        From Outside North America:
        1 (443) 599 1221
        Working Hours
        Monday – Friday 08:00 am – 17:00 pm EST.

        Reach us with your questions by email at: events@liveandinvestoverseas.com

      • Store

        Unlock The World

        • Access Your Library

        Overseas Havens Reports

        • Expats' comprehensive destination guides

        Conference Kits

        • Hours of coverage  from our latests conferences

        Lahardan Books

        • Titles on living and investing around the world
        • Explore Our Store
        Your passport to a life well-lived abroad

        Services

        overseas living letter offers affordable retirement guidance
        The Simon Letter Wealth Protection Insights
        Global Property Advisor Global Investment Opportunities

        Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

      • My Library
      Live and Invest Overseas
       Moving Out Of The U.S?

      THE 10 BEST PLACES TO RETIRE IN 2025

      the 10 best places to retire in 2025

      PLUS: A SPECIAL BONUS DESTINATION

      Simply sign up to receive the FREE daily e-letter, Overseas Opportunity Letter, and we’ll immediately email you our editors’ latest research report… absolutely FREE

      We Value Your Privacy! We will not share your email address with anyone else, period.

      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 Overseas Today!
      Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In 2025.
      We Value Your Privacy! We will not share your email address with anyone else, period.

      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 Overseas Today!
      Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In 2025.
      We Value Your Privacy! We will not share your email address with anyone else, period.

      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 Overseas Today!
      Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In 2025.
      We Value Your Privacy! We will not share your email address with anyone else, period.

      Tags: 'Diversification Offshore''second passport'
      Share83Tweet52
      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.

      Start Your New Life Overseas Today!
      Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on The 10 Best Places To Retire In 2025.

      We Value Your Privacy! We will not share your email address with anyone else, period.
      Our Expertise Unlocks The World

      quick links

      • Best Places To Live
      • Best Places To Retire
      • Finding A Job Overseas
      • Real Estate

      LIOS Resources

      • New To LIOS
      • Ask An Expert
      • Media Center
      • Contact Us
      • FAQs
      the 10 best places to retire in 2025
      Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE REPORT: The 10 Best Places To Retire Overseas In 2025

      We Value Your Privacy! We will not share your email address with anyone else, period.

      As seen in

      US Media Logos

      © 2008 – Live and Invest Overseas™ – All Rights Reserved.

      About Us / Contact Us / Privacy Policy / Terms / Unsubscribe
      Facebook-f X-twitter Youtube Linkedin-in Instagram

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      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
      • Foreign Residency & Citizenship
      • Offshore & Diversification

      Making Money

      • International Real Estate
      • Banking
      • Employment
      • Investing
      Meet Our Experts

      Real Estate

      Overseas Property Alert 

       

      How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams

      VISIT SITE

      Buying Real Estate For Cashflow

       

      Discover tips and strategies used by global property investing veterans

      READ MORE

      Explore Our Latest Posts

       

      Learn how to invest and purchase property abroad…

      EXPLORE

      Conferences

      Live and Invest In Spain Conference

      VALENCIA, SPAIN Sep. 17-19, 2025
      LEARN MORE
      DISCOUNT

      Offshore Wealth Summit

      PANAMA CITY, PANAMA Oct. 15-17, 2025
      LEARN MORE
      PRE-REGISTER

      GREECE WORKSHOP

      VIRTUAL Nov. 13, 2025
      LEARN MORE
      PRE-REGISTER
      MORE EVENTS

      Contact Our Events Team:

      Toll-Free U.S. and Canada:
      1 (888) 627 8834

      From Outside North America:
      1 (443) 599 1221

      Working Hours
      Monday – Friday 08:00 am – 17:00 pm EST.

      Reach us with your questions by email at: events@liveandinvestoverseas.com

      Store

      Overseas Havens Reports

      • Expats' comprehensive destination guides

      Conference Kits

      • Hours of coverage  from our latests conferences

      Lahardan Books

      • Titles on living and investing around the world

      Services

      • Overseas Living Letter: Affordable Retirement Guidance
      • The Simon Letter: Wealth Protection Insights
      • Global Property Advisor: Global Investment Opportunitites
      VISIT OUR STORE

      Free Report

      THE 10 BEST PLACES TO RETIRE IN 2025

      FREE REPORT: The 10 Best Places To retire in 2025

      Sign up to receive the FREE daily e-letter, Overseas Opportunity Letter and we’ll immediately email you our editors’ latest research report…






        We Value Your Privacy! We will not share your email address with anyone else, period.

        LIBRARY

        Follow Us:

        © 2008 - Live and Invest Overseas - All Rights Reserved.

        RETIRE OVERSEAS AND LIVE LIKE ROYALTY

        Sign up for FREE to learn how. Plus, check out our FREE report on THE 10 BEST PLACES TO RETIRE


        We Value Your Privacy! We will not share your email address with anyone else, period.

        RETIRE OVERSEAS AND LIVE LIKE ROYALTY

        Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

        We Value Your Privacy! We will not share your email address with anyone else, period.