Basics of second passport you should know


legal traveling documents

Citizenship, residency or nationality by investment industry has seen tremendous reforms last year with hottest buzz revolving around St. Kitts passport. It became quite a story however many remained silent over the topic for various reasons. Obtaining a second passport presents various opportunities in terms of business and residential prospective but many out there are still unaware of the basic facts. This post highlights some of the most crucial details about dual passport so don’t miss reading till end!

What’s the right way to value second passport?

Affordability and visa-free travel benefits to many countries are a few primary features of the best second passport. Smaller the count and less sough-after countries eventually mean you’ll pay less. Consider Austrian second passport that’s fourth most valuable travel document in the world. It’s one of the most valuable second passport to buy because once getting a hold of it, you’ll have access to 171 countries.

It’s said that second passport from Austria is a “category four” travel document whereas “category one” are issued by UK, US and Germany respectively. “Group/category two” allows legal travel to roughly 173 nations including Canada. With “category three”, possessors are lucky enough to avail travel relaxation of up-to 172 countries while bestowed by government of Belgium and Netherlands.

If money isn’t your primary concern, experts would vote for Austrian passport being “level 4” and gives the best return for your initial investment. Upon comparison, Dominica gives you visa-free travel to around 91 different states which is why it’s in 41st tier. Second passport from European Union (EU) countries includes Malta, Austria, Hungary and Cyprus giving you full-fledged legal support to live and work anywhere in the entire EU.

This total number of visa-free travel countries indicates how your new passport would be received by world banks. With EU passport in your grasp, you can initiate a bank account anywhere in the world. Passport from St. Kitts is generally accepted but have fewer options. Furthermore, opening an account abroad is nearly impossible especially if it’s a passport from Comoros. 

Don’t be a victim of second passport scam

While hunting for second passport, you’ll find lots of online impostors promising cheap, diplomatic or banking passports. All of these are various forms of scam and there’s no point debating over it. Remember, obtaining second passport isn’t a cinch and apparently not cheap as well. Governments around the world need millions of dollars to fill their reserves and citizenship by investment programs provides them just the opportunity. Every year, demand for second passport outstrips supply.



Tips & guidelines

Being a US citizen won’t relieve you from tax filings and other financial obligations. As long as you’re American national, must pay income tax for offshore banks would continue reporting to IRS. With second passport, you can travel and invest without drawing everyone’s attention and is a first step to renounce your US citizenship. Do have a new passport in hand prior dumping this blue travel document.

Conclusion

You must be thinking about how banks would know you’re an American along with other details! Keep in mind that IRS is far advance beyond imagine. All second passports now highlight your place/country of birth so hiding something would further raise legal complications. The above details would allow you to move in the right direction that’ll certainly win you second passport without trouble. 
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Kosiyae Yussuf View All →

Kosiyae Yussuf ,is a published author, blogger, and a freelance Journalist, with hope of becoming an established publisher. He is a complicated man though. You can’t really tell whether he is married or not, may be both , I mean married and not married. He eats in hotels, hahaha, yes , he cooks sometimes but the food he cooks is not enough always. Yeah! Jacob Zuma is his role Model. He like how Jacob Zuma wins everything, hehe! elections, court fights, impeachment, beauties, E.T.C, a true African leader, not a pretender. He loves writing, he writes anything, fictions, non fiction, news stories, creative writing, in short just anything. He has been published, and, he has also published himself. He can also do odd jobs. That tells you sometimes he is hustler, and he does errand jobs. so if you have a job just give him a call or an email, any-type of job, then let him go back to his writing. He is willing to share writings jobs challenges to any one interested. He is who he is period.
Enjoy your day.Kosiyae Yussuf is a growing author, blogger, and a freelance Journalist, with hope of becoming an established publisher. He is a complicated man though. You can’t really tell whether he is married or not, may be both , I mean married and not married. He eats in hotels, hahaha, yes , he cooks sometimes but the food he cooks is not enough always. Yeah! Jacob Zuma is his role Model. He like how Jacob Zuma wins everything, hehe! elections, court fights, impeachment,beauties, E.T.C, a true African leader, not a pretender. He loves writing, he write anything, fictions, non fiction, news stories, creative writing, in short just anything. He has been published, and, he has also published himself. He can also do odd jobs. That tells you sometimes he is hustler, and he does errand jobs. so if you have a job just give him a call or an email, any-type of job, then let him go back to his writing. He willing pass writings jobs challenges to any interested persons. He is who he is period.
Enjoy your day.

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