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Ted Baumann is International Living’s Chief Global Diversification Expert. He's traveled to nearly 90 countries and is a dual citizen of the United States and South Africa. Born in Washington DC, he grew up on Maryland's Eastern Shore.
As a young man he moved to Cape Town, where he attended university, earning postgraduate degrees in economics and history. For the next 20 years he worked in the global non-profit sector, specializing in urban development. From 2008 to 2013, he served as Director of International Programs for Habitat for Humanity International. After that he switched gears, writing financial and wealth protection newsletters for affiliates of Agora Publishing.
Ted has been published in international research journals, as well as media outlets such as Barrons, Forbes and Cheddar. He co-authored Where to Stash Your Cash (Legally) with his father and former U.S. Congressman, Robert Bauman.
These days, I never travel anywhere without both of my passports. You just never know what's going to happen in this crazy world, and having two travel documents doubles my chances of getting out of a tricky situation.
Many countries around the world have income taxes, but none have systems as bizarre as the U.S. And despite the extraordinary complexity, only 10% of people trying to get through to speak to a live agent at the IRS succeed.
Under pressure, the Portuguese government has now agreed to allow the golden visa programme to continue as is until final legislation is passed and promulgated. Applications currently in the pipeline will fall under the existing rules.
If you're interested in acquiring a second passport through investment, don't let this happen to you. Seek the advice of legitimate experts who have your best interests in mind… not just the fees they can earn by selling a junk passport to you.
I’m going to be writing and speaking a lot about taxes over the next few weeks, so today, I thought I’d review some of the key concepts you need to understand to deal with the IRS when living, working or investing abroad.
Increasing numbers of young Americans who have spent some time overseas are finding that their pathway to a second passport is easy and cheap. At last count, 54 countries allow digital nomads to get a foot in the door to potential citizenship.
For the last six weeks or so, I’ve been preparing to relocate myself, my family and most of our possessions—including our Jack Russell, Max—back to our home in Cape Town, South Africa. I arrived one week ago today. I thought I’d share some insights from the experience. After all, when you finally arrive in your dream home overseas, you want to be as relaxed...
The takeaway: If you're concerned about the safety of your cash, it's worthwhile establishing a connection to a foreign country via a residence permit or property ownership just so you can have access to their banking system.
Namibia ranks as one of the safest and most stable countries in Africa. And now, this slice of heaven can be yours: Namibia is joining the ranks of countries offering golden visas. Successful applicants receive a five-year, renewable residence and work permit.
One of the most common questions I get asked is how to obtain a second passport if you have limited resources. Plenty of people would like to have one, but the costs can appear daunting. There are several routes to a second citizenship—and thus a passport. Each involves specific variables, over which you may have different degrees of control.