Articles on Second Passport
Legal options for second passports
Legal options for second passports
By Susie Wigawsky for OPM Security
Economic citizenship program
The government wants your money, but you have every right to keep it. That is why you should consider a second passport or alternative citizenship in order to protect your assets. Governments are making this reality more and more difficult. After all the money that was dwindled away on pointless wars, it´s no wonder that they want to keep your money by restricting you from sending it overseas. Yet have no fear, there is still time to secure a way. Instant passports and residency programs are your best bets. Although there exist pros and cons for each method, there is surely one that will suit your needs.
One option for a fast and legal way to obtain a second passport is through an economic citizenship program. Through these programs the applicant is issued an instant passport with rights to secure assets abroad. The three preferable countries that offer these instant passports are Dominica, St. Kitts and Nevis and Panama, the best and most expensive program.
The Dominican Republic offers the cheapest passport and simple application process making it the quickest and least expensive way to get a second passport. In addition, with this passport, you can have the option of dual citizenship and you have the ability to travel to over 58 nations without a visa.
Dominica’s economic citizenship program is quick and dependable. With this passport, one can travel to over 134 countries without a visa. The program offers two options: one can apply for a passport as a single applicant or as a family, which includes one spouse and two dependent children.
St.Kitts and Nevis offers an economic citizenship program that is reliable, albeit more complex than the other aforementioned programs. One perk is that the program grants citizenship to one family. However, a financial drawback could be that the country requires a contribution to the government and a real estate investment. Overall, this program is very well respected and ideal if you have the money and interest in acquiring citizenship through investment.
The instant passports issued by Venezuela are very inexpensive. With this passport one can travel freely to 111 countries and has the advantage of availability to drivers’ licenses, bank accounts and credit cards.
Residency programs are another method of obtaining a second passport. These programs are more time-consuming, but in the long run, offer more advantages to the passport holder.
In addition to the instant passport, Dominican Republic offers a residency program. This is optimal if your ultimate goal is residency and eventual naturalization. This route takes more time, but is also less expensive and trough an OPM Security expert can be done very fast!
Uruguay is another country that offers legal residence by way of a fairly simple process. Residency results in the ability for the resident to transfer money freely.
One of the most enticing residency programs is Belize. Although, Belize no longer has an investor passport program, there is still time to gain residency in this beautiful, English-speaking country.
With all of the economic problems and privacy laws underway in the US, there is no saying what the future of your investments may be. For this reason, it is imperative that you consider getting a second passport, either as an instant passport or through a residency program. There is no time to wait. The future of your money is on the line.




