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A friend is pursuing multiple residency options concurrently. He’s in different stages of trying to establish residency in several different countries with an eye to eventually obtaining citizenship in each one, as well. He figures that at least one of the applications won’t work out. Plus, each comes with different time lines and requirements, and […]
Last week I took my own advice and obtained a backup residency. I’ve chosen to take this step in the Dominican Republic, where I’d been assured that establishing residency can be a straightforward process. I decided to test the theory and find out for myself. I can tell you now that I wasn’t oversold. This […]
The EU is meeting this week to discuss visa reciprocity. Specifically, some member countries have proposed requiring American and Canadian citizens to obtain visas prior to traveling to Europe. It’s only fair, they argue. The United States requires citizens of five EU countries—Romania, Bulgaria, Poland, Croatia, and Cyprus—to obtain visas before they’re admitted across the […]
I have more than a dozen bank accounts outside the United States, most associated with various businesses and investments. I have two accounts for every entity, but few entities have more than two. Why would anyone want or need more than two accounts for a single entity? The de-risking era is answering that question for […]
It’s a sign of our times. Some people I spoke with had already invested in obtaining second citizenships and were asking my thoughts on what to do with their second passports. They understood that having two passports was a good idea but weren’t quite sure how to take advantage of the assets now that they’d […]
Three years ago, a colleague started the process of applying for residency in three countries—Uruguay, Paraguay, and the Dominican Republic. His overriding objective was citizenship. He focused on those three jurisdictions because each offers liberal residency and naturalization rules. My friend gave up on Uruguay when he learned that this country’s naturalization process would require […]
Americans can enter Paraguay via the Silvio Pettirossi International Airport in Asunción without having a visa in advance. Enter the country by road or boat, and you have to obtain your visa before you travel. It’s not a big deal getting the visa at the airport, but it slows you down and costs US$160. It’s […]
When we were living in Ireland, that country still offered jus solis (right of the soil) citizenship. It was the last Western European country to do so. If you were born in Ireland, you were automatically a citizen. That’s how our son Jackson got his Irish citizenship… by being born on the island. One perk […]
Two colleagues have had children in the past year outside the United States. In each case, the child has one American parent and one non-American parent. Both children have the citizenship of the country where they were born, the home country of the non-American parent in each case, and both children are eligible for U.S. […]
The super-rich have a growing number of options for obtaining second passports through economic citizenship. These programs are most attractive to the wealthy from countries whose passports don’t allow for much visa-free travel—Russia, China, and the countries of the Middle East, for example. Spending anywhere from US$100,000 to more than US$2 million depending on the […]
Offshore Living Letter is a publication of Live and Invest Overseas. Our goal is to provide timely, actionable information on all things offshore, including: how to go offshore, diversifying your portfolio, wealth creation, protecting your assets, and much more.
