Saturday, December 31, 2011

2nd Passports – Who Needs ‘Em?


If you are reading this article, the likely answer is, “You need a 2nd passport.”  Of course that is an easy answer to a rather complicated question, so let’s delve into the reasons why you may want to consider a 2nd passport and the various ways in which to obtain one.
For starters, a 2nd passport can be the best protection for your life money can buy.  Imagine you are an American, British or Israeli passport holder on a flight from Madrid to New York City and all of a sudden you hear several angry men yelling demands for documentation from all of the people sitting on-board.
You turn to look at the source of the hostility and there is a noticeably agitated Middle Eastern man wielding a makeshift knife standing at your side threatening you if you don’t hand over your passport.  Quick question:  Do you hand him your Israeli (or US or British if that’s what you have) passport, or your Swedish passport?  Which do you think would give you a better chance of survival?
A 2nd passport can also offer you a lot of freedom in your business, banking and investment opportunities.  For example, many European banks no longer accept American citizens as account holders.  But if you show them your Chilean passport, they welcome you, and your money, with open arms.
Quite frankly there are many investment opportunities around the world that are not available to people from various countries.  A respectable Nigerian businessman finds travel and business opportunities almost impossible without a 2nd passport.  South Africans and Russians need to obtain a visa to go almost anywhere in the world.
With the current crackdown on perceived offshore tax evasion by Americans, many doors are closed to American passport holders.  With an Irish passport however, you can be exposed to business deals you never dreamed possible.
A 2nd passport can also give you a way to escape prosecution from crimes you are not guilty of committing, government oppression, civil unrest, or even a litigious ex-spouse.  It effectively gives you a way to escape from your old life and start anew.
By acquiring a 2nd passport you become a multinational sovereign individual with unbeatable financial privacy.  Contrary to popular opinion, a passport is not personal property.  It is owned by the issuing government.
As a holder of only one passport, you are under the control of that one country.  Your passport can be confiscated or invalidated at any time by the issuing country for any reason they deem necessary.
Did you forget to file your tax return for 2 years in a row?  Did you publish an article in your local newspaper that was critical of a particular administration’s political agenda?  Did you forget to disclose the shares of a company you own in Australia?  Maybe you have 25 unpaid parking tickets that slipped your mind when you moved to Argentina with your girlfriend 3 years ago.  Any of these things could be reason enough for your home country to confiscate your passport rendering you immobile.
Of course, they will happily provide you with a one-use, one-way passport back to your country of origin to clear up any discrepancies.  Either way, you are trapped with no hope of escaping…unless you hold a 2nd passport.
With a 2nd passport you are no longer immobilized and grounded.  You can conduct business, do your banking, investing, and travel as you please.  You then have the leverage to negotiate from abroad with your home country to fix the problems that invalidated your home country passport if you chose.
For our purposes here, we will classify 2nd passports into 3 categories;
  • Black
  • Grey
  • White
I will start with black.  We do not encourage or recommend any connection with black market passports in any way, shape or form.  These 2nd passports come in a variety of ways, none of them legal.  Many of them can get you into a lot of trouble.
Usually they involve using stolen blank passports and personal details of a recently deceased person.  They could also be complete counterfeits or even existing passports stolen from someone with a craftily altered picture.  Either way, you are treading on thin ice here.
This could only be a viable alternative if your life was at risk and you had no other options – think American or British citizens living in Baghdad immediately following the Iraqi war.
The next category of 2nd passports could be considered grey market.  These are legitimate passports acquired in ways that are not considered standard governmental programs.  This could be a tip (bribe) to a migration official to expedite the process.  This could be a well connected local lawyer who has the favor of local politicians and can get special treatment granted for various types of gifts.
This process may also involve backdating documents or providing affidavits to confirm your ancestral, religious, or cultural connection to the country.  However obtained, these grey market passports are legitimate passports acquired in by dubious means.  These can be a great option for someone looking for a banking or travel passport, but definitely not a good as your primary citizenship.
The last category of 2nd passport is what I call white market.  These are the completely legitimate, government sponsored programs.  Citizenship is acquired by naturalization through the required residency period.  Most countries nowadays have extensive residency requirements before you can apply for citizenship.  Many European countries have 5 year minimums while some like Switzerland require at least a decade.  In some cases this may be expedited if you can prove family or religious ties to the country.
There are also a few white passport programs that can be acquired through what is called an economic citizenship program.  Countries like St. Kitts and Nevis as well as Dominica (not Dominican Republic) offer these programs.  However they are very pricey costing upwards of over $100,000.
Regardless of how you obtain a 2nd passport, we highly encourage liberty minded, freedom seeking individuals to seriously consider their options.  A 2nd passport could be your ticket to freedom.
If you are interested in receiving a passport from a country that offers fully legitimate citizenship after a 2 1/2 year ‘paper’ residency (you don’t need to actually live there) for under $20,000 please contact us.  BankerTrust@gmail.com