A Guide of What Not To Do with Second Passports

Panama and Guatemala are not the first names that spring to mind when you think of offshore tax havens and second passport for foreign jurisdictions allowance. Areas that are probably thinking of the first locations are healthy of Monaco, the Bahamas or Switzerland. But these playgrounds for the rich and famous have been under attack recently launched by the European government and thus so many have left, also for their privacy.

One of the pitfalls in this, however, that the dissemination of information and services through the Internet, the fraudsters are in force. Their aim to take your money and run. The secret nature of many of the issues, little or no recourse, as soon as the money lost.

The first rule that will be used when applying for an offshore jurisdiction or service to identify it to do. With regard to the second citizenship passports or applications of these should always be a licensed attorney in the country you are looking to relocate. Anything less than this, and you will probably winkenden goodbye to your money offshore, but in some-one else's bank account! At least with a lawyer, you will know that they have been examined by the authorities of their countries and a procedure in place for recourse in the event of MAL practice.

The second rule refers to the citizenship or foreign allowance for tax purposes, is that you will be expected to appear in person if an application. Not only that, but you will not be a government, a large building, under the flag of the nation you are in. It sounds ridiculous to say, but there are so many stories of people who actually turn in a country for applying for a passport and be taken to a little third floor of some office where an obscure construction and hand over their money after signing some "legal" documents.

The third rule is that your lawyer should always be present when the application is made. It can be applied to all matters relating to any claims you can transfer into the country through offshore trusts and companies. In places like Panama you are able to register under the "pesionada 'determination, with a variety of discounts as a retired citizen. To do this, you must show an income from a pension trust or the like. You can In every age of eighteen, as long as the income is sufficient.

I mentioned Panama and Guatemala at the beginning of the article, because these are two of the lesser-known jurisdictions for offshore tax havens. Tell that to Panama once had more offshore companies in its register as all countries in the Caribbean. Many of them were lost in the eighties, as a combination of General Manuel Noriegas dictatorship and the founding of the first IBC companies led to a departure of many firms to caimans and the Bahamas. Since stable government has been restored, Panama has a very good location for offshore trusts and companies.

Finally, with regard to the second passports, there are a few no-nos be respected and avoided. This includes everything that purports to diplomatic status of a passport, a passport from a third world African nation except South Africa or an obscure nation, you need a visa for a country like the U.S. or Britain. Also avoid everything related to marriage and adoption, so you get a passport. All these methods are in harms way, you should try them. If you look at the rules mentioned here you will find a lawyer in the country of your choice, you can successfully lead to your ultimate goal. Good luck and Bon Voyage!