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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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      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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          PANAMA CITY, PANAMA

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          VIRTUAL

          July 17-19, 2025

          Valencia, Spain

          Sep. 17-19, 2025

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          Home Residency/Citizenship

          The Importance Of Getting A Second Passport

          Got A Grandparent? Get A Second Passport

          by Lief Simon
          Oct 17, 2022
          in Residency/Citizenship
          0 0
          Plane model with world map, passports and tickets as airplane traveling and tickets booking concept

          Adobe Stock/Ivan Kruk

          What’s the point of having a second passport? It’s one of the questions I’m most frequently asked… along with the follow-up:

          Which is the best second passport to obtain?

          My team and I have prepared our first-ever Citizenship Index to answer those questions definitively. The complete survey is featured in this month’s issue of my Simon Letter advisory service.

          I met the first person I ever knew to have a second passport nearly 25 years ago.

          The guy was a con man.

          He had built a story around being a multicitizen with links to British nobility and having U.S., British, and Maltese passports. He never showed anyone his passports, though… because he only had the one from the United States and it showed that the name he used wasn’t actually his.

          He was the kind of guy who gives second passports a bad rap.

          Nevertheless, he put the idea of having more than one passport in my head.

          At first, I assumed you simply had to be born with more than one citizenship to have multiple passports, but I began researching and found there are many routes to multiple citizenships.

          How To Get A Second Passport

          One of those routes is naturalization.

          That’s the path Kathleen and I took to get our Irish citizenship. We lived in Ireland long enough to qualify for naturalization.

          Our son, on the other hand, was born in Ireland. At the time, the country granted jus soli, or rights of the soil. Jackson was a citizen of Ireland simply by being born there. Ireland was the last western European country to grant jus soli. They voted to remove it from their constitution in 2005 because of refugees taking advantage of a loophole in the country’s residency rules.

          Ancestry is still a path to citizenship in Ireland and many European countries. If your grandparents were citizens from another country, I recommend checking the rules to see if you might be eligible for citizenship of that country.

          If you are eligible… act. Don’t wait because the laws can and do change.

          The last way to obtain a new citizenship is to buy it. A handful of mostly Caribbean countries will make you a citizen if you invest in the country either by buying real estate, investing in a sovereign-type, fund, or donating a large amount of money to a country development fund. These programs are attractive primarily to wealthy people in countries with passports that allow for very limited visa-free travel.

          That brings us back to my opening question.

          Start Your New Life Today, Overseas






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            Why Should You Have More Than One Passport?

            Visa-free travel options is one reason.

            Having both a U.S. passport and an Irish passport came in handy when traveling to Brazil before they lifted the visa requirement for Americans. It was also appreciated when traveling to Chile, which charged an entry fee for Americans of US$165 but no entry fee for Irish citizens.

            Those may seem like small things and certainly saving US$165 to enter Chile didn’t make up for the cost of getting naturalized in Ireland, but the point is that having a second passport makes travel easier and can expand your travel options.

            An EU passport is particularly valuable. It allows you to spend as much time in the EU and Schengen zone as you like without worrying about tourist stay limits.

            Non-EU citizens can only be in the Schengen zone countries for 90 days in a 180-day rolling period. It’s not 90 days per country. It’s 90 days in the entire zone.

            Spend 90 days in France and you have to leave not only France but the entire Schengen zone for at least 90 days. Spend 30 days in France, then 30 days in Italy, and then 30 days in Spain, and again you’ve got to leave the Schengen zone for at least 90 days.

            With my Irish passport, that restriction doesn’t exist.

            An Irish passport also means I can work without a work permit in any EU country… if I were looking for a real job.

            And it means I can move around within the zone as often and for as long as I want.

            While residency can give you some benefits—such as being able to remain in a country indefinitely—it has downsides.

            Unlike some residency permits, citizenship doesn’t require renewals or any specific amount of time spent in the country.

            Another big benefit of a second citizenship is when you can pass it down to your kids.

            Our son’s children will be born with at least two citizenships—U.S. and Irish. They could possibly have more than two depending on the nationality of his spouse. The options and freedom those children will enjoy with three or more passports are immeasurable.

            The Citizenship Index featured in this month’s issue of Simon Letter takes a different approach than a typical passport survey. Ours doesn’t list every passport in the world by visa-free travel, as that’s a severely limited perspective.

            Singapore or South Korea may have the best travel passport from a visa-free point of view, but you’re not likely to be able to be naturalized in either of those countries… and if you do, Singapore is going to make sure you’ve given up any previous citizenships before they give you one of theirs.

            As important as where a passport allows you to travel is how easy and how quickly you can obtain it.

            That’s the starting point for my first-ever Citizenship Index.

            If you’re a Simon Letter subscriber, watch for it in your inbox later this month.

            Lief Simon
            Editor, Offshore Living Letter

            Tags: 'second passport'Citizenshipgetting a second passportsecond citizenships
            Share93Tweet57
            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
                  • Foreign Residency & Citizenship
                  • Offshore & Diversification

                  Making Money

                  • International Real Estate
                  • Banking
                  • Employment
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                  Meet Our Experts

                  Real Estate

                  Overseas Property Alert 

                   

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                  VISIT SITE

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                  READ MORE

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                  Valencia, Spain Sep. 17-19, 2025
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                  PRE-REGISTER
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                  Contact Our Events Team:

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                  From Outside North America:
                  1 (443) 599 1221

                  Working Hours
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                  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

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                  THE 10 BEST PLACES TO RETIRE IN 2025

                  FREE REPORT: The 10 Best Places To retire in 2025

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