A second citizenship allows to facilitate international travel, avoid dependence and oppression, whether economic or otherwise, from a single government, and to unlock the advantages of certain business-friendly locations.
A 2nd passport is the 1st flag of flag theory because it decreases our reliance on any one government. We begin our journey as a sovereign individual when we are able to live outside the borders of one specific country, now this doesn’t require a 2nd passport- but it does help.
Here are some common reasons why it makes sense to have multiple official travel documents.
Ability to travel visa free
Worse case scenario insurance
Finally – if you are America, an alternative citizenship gives you the right (but not the obligation) to renounce your American citizenship and finally eliminate your worldwide tax obligation. Unless you have a second passport, this is impossible. You are fully in the clutches of one government, and beholden to their oft reckless and negligent international relations.
The US government for instance, instituted a law starting in 2016 that allows the IRS to make a request to the state department to cancel the passport of American citizens traveling abroad. You can read more about how passports can be cancelled by the IRS here.
Compare instant citizenship by investment programs at passports.io.
Why Turkey may be one of the most appealing Citizenship by Investment programs Flag Theory Weekly Letter – Friday January 25th, 2019 Walking down the streets of Istanbul, you really get the feeling that this
The most compelling Passport Program… which you can get with Bitcoin and other cryptocurrencies Flag Theory Weekly Letter – Thursday, July 5th, 2018 During these last 6 years, we have talked continuously about how powerful
The next financial collapse may be coming… Are you protected? Flag Theory Weekly Letter – Thursday, May 3rd, 2018 Last Friday I received a charming letter from my bank informing me that starting next month
How and where you can get a Second Citizenship Today, I want to talk about the different ways to get a second citizenship. Some countries grant citizenship based on jus soli, which in Latin means "right of soil". This
Why you should consider obtaining a Second Passport Today I want to tell you about the importance of obtaining a Second Citizenship and Passport. Oftentimes called a freedom insurance or “worst case” insurance, with a second
Fast-track EU citizenship, business opportunities, setting up a company and taxes in Bulgaria Bulgaria is a country with just over 7 million inhabitants. It is located in southeastern Europe, bordering Romania to the north, Serbia,
Get funding for citizenship by investment with Flag Theory Getting a second passport is gaining popularity lately due to the myriad benefits it offers. We have already talked about it. From improving visa-free mobility to
Why and how to get Grenada Citizenship by Investment Overview of the Grenada Island Grenada is an island that consists six smaller islands and is located on the South Eastern part of the Caribbean Sea.
Brand-new Turkish Economic Citizenship Program and aspects to consider for investing in Turkey [UPDATE - January 2019: We've written a new article about why Turkey may be one of the most appealing Citizenship by Investment programs
Dominica 2nd passport Dominica made a lot of noise about raising the single applicant contribution from $100,000 to $175,000, but at the last minute backed down. For now, rates remain the same. For more information
Second Passport UPDATE October 2019: This article has been refreshed with updated links, editorial inputs and new global passport ranking information. This is part of our Pillar Content of Flag Theory™ where we detail how
What is Dual Citizenship and Why is valuable? What is Dual Citizenship? Dual Citizenship / Nationality is a citizenship status in which an individual is a citizen of more than one country at a time. Why
Complete list of countries to obtain citizenship by naturalization Most countries around the world allow for persons who have lived in-country for a certain period of time to apply for naturalization. It's only human, really,
Why and how to get Antigua and Barbuda's Citizenship by Investment For an updated breakdown of Antigua and Barbuda's Citizenship by Investment program, visit passports.io Overview of Antigua and Barbuda The overall feel is reasonable,
Visas and Second Passport Updates We live in a world where very little is constant. With the changes in technology, slow-moving governments are struggling to keep up. And the bigger the government, typically the slower
What is Flag Theory? A Different day, a different country. Passports and bank accounts. Corporate documents and tax havens. Small islands and encrypted communication. Boats. Helicopters. Gold. Flag Theory. PT. Not confined by the borders
How to become a New Zealand Citizen Today's post will focus on the same issue of citizenship as our previous article on how to get Canadian citizenship, choosing to explore the route to achieving New Zealand citizenship.
International Investment - Why diversify your investments internationally When Niki Yanakopoulou was walking home from the bank on a casual weekday, she didn't realize she was being followed. But the man who had watched her
Offshore Investments: Where the Billionaire Keeps his Money This article is concerned with passive income, and how to invest internationally like the absolute elite. First, a question: "I've got a significant amount of funds that I
Uruguay - A place you can pay NO Taxes and get a 2nd passport... Posh nightclubs, expensive boutiques, 4-star hotels stacked up beside a crowded beach. Europe springs to mind. Miami, Barcelona, Monaco, Ibiza... but
Need a second passport? St Kitts & Nevis Citizenship by Investment Program UPDATE September 2019: This article has been refreshed with updated links and information. Obtaining St Kitts & Nevis citizenship remains one of the
How to become an Irish citizen and get an Irish passport The global financial crisis has hit hard on most European countries with Greece being the eye of the financial tornado. Cases of banks collapsing
Facebook Co-Founder "De-Friends" America Update 2019: Record number of citizens continue to renounce their US citizenship for various reasons, mostly tax-related. This requires one first become a dual citizen, and obtain an alternative passport. Many
Is your freedom worth more than $50,000? That's how much you need to owe the IRS for your passport to be revoked. First, a historical perspective. In Russia, the government controlled the movement of citizens