The Advantages of a Second Passport
It may seem difficult to believe, but until a century ago, shortly before the First World War (1914–1919), official passports were almost never required by most countries.
It may seem difficult to believe, but until a century ago, shortly before the First World War (1914–1919), official passports were almost never required by most countries.
By the time you read this the U.S. Congress may have imposed an official “exit tax” on U.S. citizens and long-time resident aliens who decide they want to permanently leave America.
In the last 10 years I have authored numerous books and articles on offshore banking and visited bankers in many nations, including Panama, Switzerland, and Liechtenstein. Based on my experience and knowledge of national laws and financial policies, there are certain nations that are well suited for locating your offshore bank account.
One of the best wealth- and asset-protection plans can be achieved by placing your assets in an offshore asset protection trust (APT).
You can avoid unwanted scrutiny while accomplishing your offshore financial goals in relative peace. But to do that you must plan carefully.
Every year about 250,000 U.S. citizens and resident aliens leave America to make a new home in some other nation.
One common question I often hear from folks new to offshore finance and investments is: "What exactly do you mean by offshore?"
Start with this truth-in the United States there no longer remains any personal or financial privacy. Under the PATRIOT Act, bankers and other financial professionals are forced to be spies for the government under penalty of fines and prison.
I've been an attorney for more than 40 years, in the last 15 years specializing in offshore legal advice concerning asset protection, investments, and financial privacy.
Unlike almost all other nations, the U.S. imposes taxes on all its citizens and resident aliens no matter where they live in the world and without regard to where they derive their income.