Sunday, June 20, 2010

Second Passports for Offshore Banking

Second Passports are very important when used as banking passports. Offshore banking is vital this day and age when the current governments continue restricting financial rights. As a citizen of the U.S.A. or European Union you are under the scrutiny of bank reporting requirements. Therefore, it's a the smart thing to get a second passport for your banking needs.

Getting a second passport doesn’t have to mean that you don´t like your country. It simply means that you want to be free from the government, tax collectors, and other entities that impede your financial rights. Having a banking passport entitles you to the personal freedom you deserve.

Due to terrorist threats, many countries have terminated their economic citizenship programs; the reason being that terrorists can use second passports. The actual truth is that governments don´t want their top taxpayers using second passports, especially for offshore banking.

Although getting a second passport is more difficult these days, it is still possible with money or just a bit of creativity. One route is instant economic citizenship. Another is getting a second passport due to your ancestry or religion. A third way is to physically move to another country and live there for a short period of residence. A common method is by marriage or having a child in another country. There are also illegal ways of getting a second passport, like persuading a politician.

A banking passport is therefore the best thing to do to protect your finances and can still be acquired as long as you act quickly before all second passport rights become more restricted.

We can procure a 2nd passport for you from the the following countries:

Dominican Republic
Dominica
St. Kitts
Brazil

Contact us at BankerTrust@gmail.com

Thursday, June 17, 2010

Dominican Republic Tax Haven and Second Passports

Although the Dominican Republic is not typically regarded as a tax haven, that is actually one of its attractions. Unlike traditional offshore centres, it has not been under pressure from the likes of the OECD, the G20 and the Obama administration. The Dominican Republic has a territorial tax system much like Panama’s, meaning that you can live there and enjoy the beaches tax free, provided your income comes from outside the country. It’s also known as one of the more liberal places for those seeking a second passport or citizenship.

Three Good Reasons to Consider the Dominican Republic for Second Passports and Offshore Investing

Tax Haven – Dominican Republic has a territorial tax system, meaning that if you live there, you would only be subject to pay taxes if you had local income. You can earn what you like outside the country and you don’t even have to declare it, yet alone pay any taxes. This applies to both individuals and companies.

Second Passports – Dominican Republic is one of the most liberal countries when it comes to granting citizenship through naturalization. As long as you haven’t done anything to upset the President, he will sign a decree making you a citizen. Absences of up to one year at a time don’t affect your residency status. This liberal naturalization law dates back to 1948, and there is much talk of it changing soon. Dual citizenship is allowed.
Note: Please do not confuse the Dominican Republic with the Commonwealth of Dominica. The Commonwealth of Dominica is a small, English-speaking island state with an established economic citizenship (second passport) program catering mainly to the super wealthy. The Dominica citizenship program requires an investment of hundreds of thousands of dollars. While in the Dominican Republic, you could obtain your second passport for only a fraction of the cost.

Liveability – Dominican Republic is a good place to live. First of all, it’s affordable. The tax exemption you get in the Bahamas by buying a half-million-dollar property you get almost for free here. The capital, Santo Domingo, is a modern cosmopolitan city with a beautiful colonial heart. The Spanish colonised it, then the Americans were mainly responsible for the development of the city. The country’s second city Santiago, and the beautiful north coast, were only joined by decent roads built by the Americans in the 1920s. Before that, the north was almost a separate country – trading more with the British and Germans. Today there is a substantial Jewish population up there, and parts where French and Italian are frequently spoken. So there’s really something for everybody.
Dominican Republic has not been high on the traditional lists of places to retire to, that are hyped on the internet. This might be a good thing. Real estate is good value, it’s relatively easy to immigrate and obtain citizenship, and the business environment is nearly as favorable as the climate!

You can check properties available here: http://mdavis.point2agent.com/

Thursday, June 10, 2010

Having Two Passports

The current news and politicians say that we live in a dangerous world today. We live in a different world today too, or so we are told. But in reality how different are things really, in comparison to say 30 years ago? How about 50 years ago? How about 100 or perhaps 200 years ago? World and even national history is full of political conflicts, one party involved with public events or perhaps what might be deemed even aggressive acts to sway public opinion, trade and economic conflicts draped in the clothing of something else, and many other issues affecting the stability and economic or physical well being of the society at large. However, what is always true is that it becomes important in such a moment, for one group to quickly and easily identify and define the other. What group do you belong to? Who are you? Stated another way, which passport do you carry? Who are you affiliated with, in terms of country? Where do you come from (so we know how to deal with you)?
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Whether we like it or not, our identification documents immediately present a stereotype in order to define the rules of social, political and even economic engagement, regardless of who we really are and regardless if we have ill intent or not. Our identity documents, our Passport, becomes our calling card, so to speak - telling everyone else in a foreign land how to deal with us (or not as the case may be). What does your say? Does it say, for example, I come from a large nation that is actively involved militarily in foreign affairs? Does it say - I am from a small, obscure and peaceful country? Does it say, do not do business with me - my government is nothing but trouble and bad news?
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For Americans especially (and some other nations also), the above is very true. If you travel, for example, you are singled out, either in a positive way or a negative way all depending where you are from or better stated, what passport you have. In terms of business, many financial institutions will not deal with you, or open an account for you. So, being from the wrong country, even if you yourself are not directly responsible for the things that create such a stereotype, could have a very real effect on your physical safety and financial well being as well.
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The question is then, how do you want to be perceived and treated? People in a democratic and free society, have the opportunity to join whatever groups they wish (and carry an ID document or card proclaiming themselves as a member). The American Express Company tells us, membership has its privileges. Maybe, and then again maybe not, but in the least with such an example - you have a choice to join or not. So, why can't you join another country?