During the decade since I first published my popular Passport Book, now in its 10th edition, rarely have I seen so many countries at one time willing to trade official access for foreign cash.
Your great-great-great-grandparents (may they rest in peace) could be about to hand you citizenship in Europe…and, with it, the legal freedom to live and do business in any of the 28 countries of the European Union. Your family tree could hold the key to opening a path to second citizenship for you and your family, especially in Europe. There, several countries will grant citizenship to you based on ancestry.
Elderly Americans may long ago have heard the quaint expression “sound as a dollar.” It was a prideful phrase that referred to the strength of the American currency, and you certainly don’t hear it any more.
As other nations relax bank secrecy, the island nation of Singapore has embraced it. If you are looking for strong banking and business laws in a highly-regulated environment and ultra-secure storage, look no further.
Even taking into account its many recent international difficulties, Switzerland remains as one of the best all-around asset and financial havens in the world.
More than two decades ago, an interesting character with the nom de plume, "Bill Hill" wrote a popular escape manual for freedom advocates titled "PT—The Perpetual Traveler." Hill outlined his PT ideas with a five point plan "...for those," he said, "with courage enough to pursue freedom." He memorably illustrated his plan with something he called The Five Flags of Freedom.
In the last 10 years in the U.S. things have changed dramatically. There’s higher debt, higher unemployment, and a bigger government than ever before. The offshore world can bring back the choice, the opportunity, and the freedoms that used to be the norm in the U.S.
We recently asked Nick a series of questions that IL readers have wondered about, including "Can I own real estate overseas in my IRA?" and "What else can I own in my IRA? Costa Rican farms? Boat slips?" and "Can I hold a mortgage in my IRA?"
But if, by contrast, you’re interested in ways you can go abroad and not only increase your quality of life by living better for less... but perhaps also protect your savings, grow your nest egg, and build a legacy for your children and their children... then read on. There are benefits of having a foothold abroad—advantages beyond the obvious ones like lower costs, a higher quality of life, and the prospect of real adventure.
In 2005, Singapore began adopting laws patterned after Switzerland’s. Laws that tightened its bank secrecy. But unlike land-locked Switzerland, Singapore sits at the center of Asia’s booming demand for raw materials, close to many key physical markets. It also beats Switzerland on taxes. Official corporate tax rates in Singapore have fallen by 3% to 17% over the past five years...