Quote: (01-17-2012 02:13 AM)durangotang Wrote:  

Quote: (01-16-2012 08:23 PM)mofo Wrote:  

Quote: (01-07-2010 09:38 AM)Lumiere Wrote:  

Quote: (01-07-2010 12:09 AM)PartyTime Wrote:  

Exactly. The multiple flags philosophy is a really great idea. But the average joe is priced out.

Nope. As I have mentioned before on this site, part of my job is lifestyle design consultant.

The most important flag, and the first one to get, is 2nd passport.

I can get tell you how to get a 2nd passport for less than $5,000. Government issued 100% legit.

Care to elaborate?

Oh, do tell mofo - which country is it? We're all friends here.

I believe you can do it in Paraguay with a $5000 deposit in a local bank, but there's a 2-5 year residency requirement (depending on who you ask) which you'll have to deal with.

Interesting

What's the real benefit of having 2 passports, aside from security in the case shit happens in your country?

Nice

Quote: (01-17-2012 09:49 AM)mofo Wrote:  

Quote: (01-17-2012 09:24 AM)the_conductor Wrote:  

What's the real benefit of having 2 passports, aside from security in the case shit happens in your country?

It makes you feel more like an International Playboy. That's the real benefit.

Lol any others? Cause I have two from birth and don't know what to do with them/ how they would be useful.

Quote: (01-17-2012 09:08 AM)mofo Wrote:  

Quote: (01-17-2012 07:39 AM)Soma Wrote:  

I believe you can do it in Paraguay with a $5000 deposit in a local bank, but there's a 2-5 year residency requirement (depending on who you ask) which you'll have to deal with.

http://www.sovereignman.com/expat/inexpe...-paraguay/

'Paraguay is a pretty good passport: you can travel visa-free to Europe and several places in Asia, and it can be obtained fairly inexpensively.

With the right contacts, you can get a residency card in just a few weeks… and you’re correct, you don’t need to live in the country. Also, naturalization can be applied for after 3-years, not 5.'

Nice one.

Visa free to Europe? Where all.. ? Schenghen countries? UK? EU ? Visitor / Work permits?
It could be a good long term thing.

Quote: (01-17-2012 09:24 AM)the_conductor Wrote:  

What's the real benefit of having 2 passports, aside from security in the case shit happens in your country?

I think most of the benefits are if you do travel a lot between countries and eventually start doing business/ arbitrage.. and start needing to spread your investments. I know of some people taking advantage of that, but not the deep inside of what all they are doing.

Quote: (01-17-2012 10:40 AM)the_conductor Wrote:  

Quote: (01-17-2012 09:49 AM)mofo Wrote:  

Quote: (01-17-2012 09:24 AM)the_conductor Wrote:  

What's the real benefit of having 2 passports, aside from security in the case shit happens in your country?

It makes you feel more like an International Playboy. That's the real benefit.

Lol any others? Cause I have two from birth and don't know what to do with them/ how they would be useful.

Which two? Depends on that.. and whether that can help certain aspects.
PS: I know of Immigrant parents (who are on work visas) in the US will ensure that child is born on US soil, so child gets US Citizenship by BIRTH, even when they wont, or might wait for their long backed up work sponsored GreenCard

Benefits of a second passport. Well, off the top of my head you could open a Swiss bank account - something that is becoming problematic as a United States citizen. Also, for example, if travel restrictions were ever enacted, you could easily leave the United States with your second passport while citizens are stuck. I suppose the same applies to capital restrictions. If you wanted to you could undergo a name change in your new country and have assets shielded from the IRS internationally (to one degree or another). I could probably enumerate, but political diversification is extremely important. Half of my family is from Lithuania - and they emigrated to the United States around 1913. Excellent decision on their part.

Paraguay is a bit of a military dictatorship, isn't it? Besides, I don't want to live anywhere near George W. Bush. I hear it is extremely easy to get permanent residency in Uruguay. Mercosur countries can easily travel between one another (Paraguay, Uruguay, Argentina, Brazil). As a matter, last I heard Doug Casey is becoming a citizen of Uruguay and he has a massive expat development, Estancia de Cafayate, in Salta, Argentina.

Quote: (01-17-2012 02:30 PM)xmlenigma Wrote:  

Which two? Depends on that.. and whether that can help certain aspects.
PS: I know of Immigrant parents (who are on work visas) in the US will ensure that child is born on US soil, so child gets US Citizenship by BIRTH, even when they wont, or might wait for their long backed up work sponsored GreenCard

USA and Thailand

Paraguay is not a military dictatorship. It's a peaceful, safe, largely agrarian country. It actually was one of the fastest growing economies last year.

The George Bush land rumors are most likely just rumors. Nonetheless, when I was in Paraguay my lawyer said he sold his land to some wealthy Brazilians. Supposedly made 300% profit but again - these are all just rumors.

You can get permanent residency in Uruguay but you actually have to live there for most of your temporary residency. They do check to actually make sure you are in Uruguay.

The benefit of two passports is similar to the benefit of having two balls in your nutsack.

Quote: (01-18-2012 07:20 AM)Lief Wrote:  

Paraguay is not a military dictatorship. It's a peaceful, safe, largely agrarian country. It actually was one of the fastest growing economies last year.

The George Bush land rumors are most likely just rumors. Nonetheless, when I was in Paraguay my lawyer said he sold his land to some wealthy Brazilians. Supposedly made 300% profit but again - these are all just rumors.

You can get permanent residency in Uruguay but you actually have to live there for most of your temporary residency. They do check to actually make sure you are in Uruguay.

The benefit of two passports is similar to the benefit of having two balls in your nutsack.

Having never been to Paraguay, I can only repeat what I have heard about the government. I am sure that it is probably not accurate.

I do agree that having two balls in your nutsack is better than one.