With a Dominican Passport you can - Invest in offshore unit trusts or mutual funds - Buy and rent out property wherever you choose without punitive taxation -Avoid electronic logging of your existing passport - Take greater advantage of offshore business opportunities - Obtain employment worldwide. Your new citizenship can be procured in as little as 12 months for under $30,000.The very fact that a second passport opens up the additional options already mentioned is actually reason enough to obtain one, but in case you need a little more convincing ... Your passport is in fact the property of your government - and for US citizens, government which claims, and increasingly exercises, the right to confiscate it at any time. Even if you have sensibly removed the bulk of your assets to an offshore haven, they are no good to you here if you are trapped in your home country because your passport is no longer valid or has been confiscated. Most countries have laws which allow them to restrict not only entry but also exit from the territory. Exchange controls can be imposed overnight and the necessary legislation is already in place in the US.
U.S. citizens are subject to tax wherever they work and live in the world. But a second passport can open opportunities for sheltering income and protecting assets. If your citizenship demands fulfillment of military service contrary to your beliefs, it would pay you to have dual citizenship. If your passport allows your government to supervise your movements, monitor or control your travel in any way, or restricts your liberty to invest, borrow, or participate in any currency transactions, you are at a disadvantage.
If you wish to keep a low profile, for reasons of nationality, religion, race etc., a second passport can give you the necessary mobility you require. It could even save your life. As an insurance policy against future economic stability, political strife or war, you should think about a second passport. When catastrophe is imminent you've left it too late. A second passport in these circumstances would be worth its weight in diamonds.
True case histories of people who would have benefited from possessing a second Passport:
- The happily married couple (or so they thought) whose spouse after fifteen years of marriage is now attempting to take him/her to the cleaners, and grab ninety per cent of their joint assets.
- The American mistakenly accused of being an alimony and tax dodger who has had his passport confiscated, so he cannot leave the country even though he has ample assets stashed away in an offshore nest egg.
- The law abiding Scandinavian who has been told he risks having his application for a new passport refused for alleged tax offences - even though he has paid more than fifty per cent of his income over to the state over the past five years.
- An Israeli woman still haunted by memories of the time when she genuinely feared she was facing summary execution during the hijacking of a plane. (This could also happen to US or UK citizens).
- A Dutch citizen who took a routine business trip to a fundamentalist Islamic Republic that turned into a nightmare when his passport was confiscated until his company agreed to outrageous economic and other demands.
- A French investor who established a factory providing employment in an African country, only for corrupt politicians and officials to force him to sell; the company he had worked years to establish, and at a giveaway price. He was illegally stripped of his passport until he agreed to sign the sales contract, virtually giving away a life's work.
A Special Note For US Citizens: Americans who are considering acquiring a second citizenship and relocating themselves and their money to a safe haven out of the reach of the US tax grabbers should move fast because your President has proposed a windfall tax on the entire wealth above $600,000 of anyone ungrateful enough to renounce US citizenship or take up residence elsewhere. This is not wild speculation of what might happen, but an actual proposal. We can procure a second passport and help you protect your assets. Contact us by email at BankerTrust@gmail.com
