From the Publisher's Desk
November 2009

“We are going to watch his every move. We are going to take his passport. We're going to limit his access to money." - Shatha Atiya

A second passport can be a life boat for you and your family!

The offshore tax haven noose is tightening. Recent newsletter articles in the main stream press, i.e.,

• Cayman crisis;
• Panama May Sign Tax Accords to Avoid Sanctions;
• Swiss Private Banks Will Be Squeezed by Secrecy Erosion;
• U.S., Monaco Sign Tax Information Sharing Agreement and
• UK Signs Tax Info Exchange Protocol With Switzerland

Clearly reveals that one's offshore options are running out, especially for our American friends.

One legal way around this offshore tax trap is by opening a bank account offshore using a legal second passport.

If you're of European descent, i.e. your parents or grandparents are from Ireland, The UK, Germany, Greece, etc, then you probably already qualify for a legal second European Union passport. This highly valuable document offers worldwide visa free travel, security and a world of opportunities for the holder. If this be the case, we suggest you contact the nearest consulate of your parents or grandparent's birth and query about the requirements for obtaining nationality via ancestry. See FREE Passport information for further details.

Alternatively legal residency in a country, usually five years more or less, other than that of your birth leads to naturalization and a second, or third, passport. In some cases the time frame can be adjusted downward by an investment anywhere from Eur 25,000 upwards depending on the country and the program.

Marriage to a foreign national might lead to a second nationality and passport as well. This depends on your spouses nationality as well as yours, plus your domicile.

Last but certainly not least, you have the time tested banking passport. Although such a document is not intended for travel, the African banking documents are registered on the home countries computers and have been used by hundred of privacy seekers over the last 14 years to open offshore bank accounts legally. Surprisingly we've received emails from such clients claiming that they had successfully traveled to Cuba and other similar places using their banking doc.

An excellent report on second passports and nationalities can be located at Instant Citizenship and Second Passports

In any event clearly time is of the essence. The question is what are you going to do about it?

See you next issue

Shamrock

"The people never give up their liberties but under some delusion."
- Edmund Burke, 1784

To access our past missives just click here.

Click here to subscribe to our FREE privacy newsletter, PTBuzz.