Why
a Second Passport Could Be the Wisest Investment You Ever Make
By
Christian H. Kalin
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October 2007
| "Five
years ago. I am in the lobby of the Savoy hotel in downtown Zurich,
Switzerland. After visiting my bankers, I have just made what would
later turn out to be one of the most important decisions of my life.
I am instructing
a specialized firm to proceed with obtaining an alternative citizenship
for me through investment. For me, it is the first step to prepare
for relinquishing my citizenship I was born with, and initiating a residence
permit application in Switzerland.
Almost exactly
one year later, I am once again in Zurich. I am now already a dual
citizen, and I'm preparing for the ceremony that will, in a few hours,
lead to handing over my passport that I've used my entire life to an Embassy
employee. It was easy to decide to acquire another citizenship.
Apart from the fact that my former citizenship cost me extra money in taxes,
there are only advantages.
Why Would
You Want to Move Abroad?
It's legal
and it opens more options in life when traveling and doing business abroad.
It also gives me the right to travel and to enter or leave a country.
At some point, the right to travel may become crucial - and that's what
many people don't realize. In fact, obtaining a second citizenship
and passport was likely the most fruitful investment I've ever made.
However, it
wasn't an easy decision to relinquish my native citizenship and to move
my residence abroad, to Switzerland. But both proved to be exactly
the right decisions.
I now no longer
pay taxes anywhere except in Switzerland, where I fill in a simple two
page tax return and write a check to the tax authorities for the same amount
every year, under the lump-sum tax arrangement that was negotiated on my
behalf before I settled here.
I now live
in what is one of the most beautiful countries in the world. It's
also certainly one of the most well-organized and civilized societies in
the world.
The residence
permit that I hold allows me to own real estate here. I live in a
500-year-old country estate on the slopes of a serene lake amidst vineyards,
in an area what has recently been declared a UNESCO world heritage site.
My passport
allows me to go anywhere I want without the need for a visa. That's what
I call true freedom." -- T.S., new Swiss resident and expat
Citizens
from All Walks of Life Look for Freedom
Every day,
individuals from all around the world- just like T. S. -come to us seeking
advice on alternative residence and citizenship. |
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The
Sovereign Society, The Sovereign Society, headquartered in Delray Beach,
Florida was founded in 1998 to provide proven legal strategies for individuals
to protect their wealth and privacy, lower their taxes and to help improve
their personal freedom and liberty. |
The
Society's highly qualified contacts recommend only carefully chosen banks
and investment advisors as well as financial and legal professionals located
in select tax and asset haven jurisdictions around the world. The Society
provides advice concerning the establishement and operation of offshore
bank accounts, asset protection trusts, international business corporations
(IBCs), private foundations, second citizenships and foreign residency,
as well as practical safeguards for financial, Internet and personal privacy. |
The
Sovereign Society stands alone in fulfilling this singular, international
offshore service role for its members. To learn more about our organization
and how you too can become a member, please click
here. |
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There are indeed
many valid reasons to consider acquiring an alternative citizenship and
second passport - and, depending on your circumstances, moving to a new
place of residence.
As a citizen
and passport holder of two or more countries, you can travel or move your
residence more easily, particularly in an emergency. Should the worst
occur (such as a war, terrorist attack, etc); this flexibility could even
save your life.
Perhaps, you
are a citizen of a well-regarded major country, and you think you will
never need an alternative citizenship and passport. You may not foresee
any problems now. Your current passport may permit travel almost
anywhere without needing a visa.
An Insurance
Policy
But an alternative
passport is similar to an insurance policy. It's something you should
have in reserve well before an emergency arises. Depending on your
country's international reputation, your present passport may restrict
your movements.
Or it may make
you a target for terrorists, expose you to difficulties when you travel
or attempt to conduct business internationally. Using a different,
second passport can restore your personal security, give you an easy travel
option and allow hassle-free border crossings.
Those who disagree
with government policies in their home country face a special dilemma.
Perhaps, you don't want your children and grandchildren exposed to physical
danger or forced into mandatory military service. You and your family
may face discrimination on ethnic, political, religious or other grounds.
Whatever your situation, now or in the future, you should have the ready
option to seek a safe haven without first having to plead for an official
entry visa or residence permit.
Dual-Nationality
Is a Foregone Conclusion in
Today's
Global Economy
While some
countries officially discourage dual or multiple nationalities for their
citizens, most now accept this as a fact of international life.
Dual nationality
is the inevitable result of the increased mobility of large numbers of
people and of the growth of an integrated world economy.
In recent years,
many countries have amended citizenship laws to recognize these new realities.
Until the distant day when the concept of global citizenship achieves universal
acceptance, acquiring and using more than just one passport can enhance
your personal liberty in many ways.
Whatever your
personal situation is, it will be worth considering these options.
By a member
of our Council of Experts and a partner at Henley & Partners, which
are recognized as the world's leading experts, Christian H. Kalin is providing
advice on the acquisition of alternative citizenship. The foreword is by
one of his clients, T.S.
CHRISTIAN
H. KALIN, Partner Henley & Partners AG christian.kalin@henleyglobal.com
EDITOR'S NOTE:
Interested in acquiring your own second citizenship and the home of your
dreams abroad? Find out how in our special two-page spread in the coming
October issue of The Sovereign Individual. Don't receive our members-only
newsletter? Click
here to order the next 12 issues for our lowest cost ever. |
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