Be a Perpetual Traveler.
In an increasingly litigious world, there are many advantages to structuring one’s personal finances in such a manner that they are securely protected. We encourage our clients to live an “international lifestyle,” meaning to have a domicile in one nation, earn a living in another, bank in a third, and store your assets in a fourth.
Living life as a perpetual traveler (in the government’s eyes) goes beyond merely protecting one’s financial interests. With the world becoming more unstable and violent, it pays to reside in a country where you are seen as a tourist. Tourists are provided with special protections, since all governments cherish the tourist’s dollar. They will go to great lengths to see that tourists are not harassed or inconvenienced.
Most of all, being a perpetual traveler allows you to enrich your life in many ways. It helps you open the global market for yourself and your family, meeting people from many different cultures and exploring opportunities that you may have only dreamed about. When you embrace this lifestyle, it means more than just protecting your assets and privacy from controlling governments, it means forging new relationships on a global scale, taking control of your time, and experiencing what independence is all about.
In the old days, sovereigns were only kings and queens. Those days are long over, as every person born in one of the 50 states of the Union is born sovereign. It is perhaps the most valuable aspect of being an American National, but we must simply recognize that the National Government is constantly attempting to undermine our personal sovereignty for its own gain. We must constantly fight to retain it, and a pro-active approach establishes a wall from government intrusions.
Over 500,000 American Nationals are relocating away from the Constitutional Republic every year. Those American Nationals have recognized the benefits of living an international life. While several of these benefits are implemented even if one decides to physically remain in the 50 states of the Union, it is not the ideal situation for most financially independent Americans.
We can deliver strategic solutions to achieve that objective. We do NOT sell any of these products but can set these up for you through a third-party vendor.
Think for a moment what living internationally would entail. Consider the advantages and disadvantages. Immersing oneself in another culture is both challenging and rewarding. But what’s clearly a plus is the comfortable situation a tourist enjoys while abroad. We will show you how to diversify your assets, residence, and investments, while controlling your assets at all times. In establishing the solution that is best for your needs, it may take some time as a second citizenship and passport is a critical element in asset protection.
Diversifying your lifestyle isn’t as complicated as you might think. Our solutions include such items as:
- Multiple passports
- An International Business Company
- Global bank accounts
- Establishing international mailing addresses
These are components that are attainable. Many American Nationals hold citizenships and valid passports from several nations, and it is perfectly legal to do so. There is a large misconception that Americans can only hold one citizenship and passport.
Amidst an ever-changing political and financial climate, it is wise to break the nexus between yourself and assets like homes, cars, cash, gold and other stores of value. Remember, you want to be outwardly viewed as a pauper yet control these assets through the framework of a corporation and/or trusts. This can prove beneficial in situations involving civil litigation, liens, divorce and bankruptcy.
More Americans are realizing every day that dual citizenships offer profound advantages. People can attain citizenships from other countries in one of two ways: birthright and naturalization. It can be very beneficial to know your family heritage, as it may translate to a fairly easy route to a second citizenship.
Potentially, millions of Americans could qualify because of ethnic heritage, religion, country of birth or their spouse’s country of birth. For example, Israel allows anyone of Jewish heritage to become a citizen, by using aliyah, or the Law of Return. Some other countries have similar rules.
But even if you don’t meet those general guidelines, it is possible to obtain a second passport through the naturalization process. Some governments can fast-track you for citizenship if you are willing to either invest in their land or even open a business. Most of these nations do not require that you establish residency there to qualify for citizenship.
Global banks are more receptive to non-American customers, as the bankers will not incur expenses or hassle with the U.S. government’s increasingly invasive requests. If you provide a non-U.S. passport upon opening an international bank account, you will only be treated as a citizen of THAT country.
These non-U.S. citizenships will allow you to open global bank accounts and investment opportunities, completely bypassing the National Government’s FATCA and FBAR rules. Having multiple passports also may allow you to work in other countries without restrictions.
If you hold a passport from a European Union nation, you can enter the U.S. and around 200 other nations for up to 90 days without the need of a visa. As an EU member, you do not pay taxes on any income derived outside the European Union.
And once you achieve dual citizenship, it is possible, if desired, to ex-patriate completely from any nexus to the United States. We generally do not recommend this step be taken, though it is conceivable that increasing hostilities could change our outlook dramatically.
Passport seekers must allot a substantial amount of time for this process to come to a successful conclusion, as countries often require documentation and paperwork that can take months to process. So it is crucial to start as quickly as possible.
Here are some points to consider BEFORE exploring more deeply into obtaining a second citizenship/passport:
- What is your cultural heritage? Were you, your spouse, your parents, or your grandparents born in another country? Can you already speak a second language, or are you willing/eager to learn? Governments will be more willing to accept you as a citizen if you are already familiar with their language and culture.
- Are you willing/eager to relocate to another country? Many countries ask you to reside in their land for a specified amount of time (5 years or a similar time frame) before beginning the process of naturalization. With some, though, it is NOT a requirement.
- Where are you located in the United States, i.e. are you close to a border country? This can affect your decision as to which nation is a better fit in seeking naturalized citizenship.
- Are you willing/eager to invest in another country? Especially in the cases involving third-world countries, outside investment is needed to jump-start their economy, and many governments seek this type of investment, with citizenship/passports as a lure.
- Before accepting you through naturalization, governments would want to ensure that you have some legal means of subsistence; that you have something to offer them as a potential citizen (i.e., job creation through the opening of a business); that you wouldn’t be taking a job away from a present citizen; or that you wouldn’t become a burden on their national welfare system. Can you prove your subsistence?
- If you indeed seek an “economic citizenship,” how much are you willing to invest? Some countries would want you to buy some land. Would you want to develop this land to start a business or build a second home?
Please consider these questions and provide some input when contacting us regarding passports. These answers will help us narrow down the many options available and help target a few of the best potential solutions for you.
International Business Company
IBCs are important structural placeholders for large assets like homes and other real estate holdings.
IBCs allow for a wide range of international business activities to be conducted, as long as it is NOT done in the country in which it is incorporated. For this, the IBC is free from any local tax obligation.
Also, there is a tremendous amount of confidentiality regarding who the beneficial owner of the company is. The privacy aspect makes an IBC very attractive, and countries take its IBC privacy laws very seriously.
With the advent of FATCA, some Americans are turned off by the idea of creating an IBC, as they consider the advantages to be minimal. Quite the contrary. As the bankrupt National Government seeks to seize assets from any possible source it can tap into, it has become paramount for many to get assets out of their jurisdiction.
FATCA does have significant reporting limitations.
Trusts can help segregate assets into classes and can also set up financial arrangements for your family in the event of your death. Trusts are important in that they are generally immune from foreign court actions.
Global bank accounts
Having a bank account outside the United States is yet another important step toward protecting your assets. Globally, there are ever-increasing restrictions on moving currency around, thus it is vital to be pro-active in setting up offshore bank accounts. It is important to note that this step is not about hiding assets but about protecting your sovereignty.
As it relates to bank seizures of account holders’ money in places like Cyprus, it is vitally important to avoid having all your “eggs in one basket.” Diversification of your liquid assets holds many advantages.
Bank accounts located internationally still offer online banking features, Visa, MasterCard and ATM cards that allow you to make purchases and withdraw funds anywhere in the world. And often, these banks will pay better interest rates on your deposit than domestic banks. Account minimums to open can be fairly low, even less than $100 in some cases. Many banks would like at least $5,000 USD to consider it a preferred account.
Another attractive aspect of having an international account is the opportunity to keep a sum of money in a foreign currency. This provides an important hedge against inflation in your country of residence.
By securing a non-U.S. or non-European Union passport, you can bypass the OECD requirements that involve asset reporting to those U.S. and E.U. agencies.
Establishing international mailing addresses
There are distinct privacy advantages to maintaining a non-U.S. mailing address. With such an address, you are viewed as one who does not have a domicile in the 50 states of the Union.
Any combination of these items will significantly change the levels of protection for both you and your assets.
We highly recommend the IBC/international bank account/international mailing address combination. It is fairly simple to acquire, and the benefits far outweigh the cost. By establishing an international bank account, you also have the option to open CDs and other financial instruments that offer significantly higher rates of return on your money.
We offer workable solutions only to our Platinum customers. We have an exciting and affordable opportunity to acquire a second citizenship. We also tout two different IBC solutions (Cook Islands and Belize), from countries that promote privacy and flexibility. You can download a primer on the basics of these two packages here.
All that is needed to get started is: Passport and a utility bill.
The Belize IBC includes a P.O. Box, plus a physical address (both in Belize), for mail to be sent. That mail can then be forwarded to you.
For further information on Asset Protection and financial diversification, please email us your objectives, along with your phone number and convenient time to call (please take into account we are six hours ahead of U.S. Eastern time zone).