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Why a Second Passport Could Be the Wisest Investment You Ever Make 
By  Christian H. Kalin
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. 

The Sovereign Society
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.
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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