While the US passport is one of the strongest in the world, and grants the holder visa-free access to some 174 countries, there are still some drawbacks to having only US citizenship, and high net-worth individuals from America would do well to consider dual citizenship.
Imagine The Scenario
Jerry is doing extremely well for himself with his online health supplements business. It’s taken him a decade to build up a reputation for providing quality products on time and at competitive prices in an industry littered with con-men and chancers, but he’s got there and now his business is booming. Trouble is, the more he earns, the more he seems to be losing.
Jerry wants to expand, and take his business to the next level. The only problem is the US tax-system is taking its toll, and US banks are doing him no favors. Whereas once the US was the business capital of the world, now Jerry feels as if his dreams are being stifled.
The Solution: Citizenship by Investment
Jerry loves his country and wants to pay his taxes within reason. He also wants the bank he has dealt with for twenty years to treat him with respect, and yet the demands they place on him in the name of transparency make him feel like a criminal.
Luckily for Jerry, a business friend of his put him in contact with 2ndPassports.com. After a friendly but informed and constructive conversation with one of their expert representatives, Jerry has decided to invest in a second passport. He has chosen the beautiful Caribbean island nation of St Kitts and Nevis, mainly because of its unequaled reputation as a tax-haven and the reputation for discretion and creativity of its banks.
Jerry has two options to consider to obtain a St Kitts and Nevis passport. He can either make a charitable donation of $250,000 to the country’s Sugar Industry Diversification Foundation, or he can make a recoverable real estate Investment to the a value of at least $400,000. After a short holiday on the islands, Jerry decides to opt for the second option, and invests in some prime Caribbean real estate.
Within months of his investment Jerry received his citizenship and passport to St Kitts and Nevis. The bank 2ndPassports.com connected him with helped him set up an offshore account that he could use to protect his assets. The real estate he has invested in is already increasing in value, so for Jerry, Citizenship by Investment has proved to be a win, win situation.
2ndPassports.com Second Citizenship Solutions
If you are in a similar position to Jerry, wouldn’t you like to be able to safeguard your assets and protect yours and your families future? You really should have a friendly chat with one of the experts at 2ndPassports.com via Skype of telephone. If you don’t feel you are ready for a conversation but want to know more, why not drop them a line? You can do so via email, WhatsApp or Telegram. Or their lines are fully SSL encrypted for safety and privacy.
Make that call or write that email today, and take steps toward dual citizenship and all the benefits it will bring.
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