Portugal’s loss is Greece’s gain. Greece continues to offer a renewable 5-year golden visa for approved real estate investments of as little as €250,000. And it is proving increasingly popular.
It's now mid-September—and the program is still open for new applications. For that, we can thank Portuguese president Marcelo Rebelo de Sousa, who vetoed the bill on 25 August, sending it back to parliament.
I’m on my way back to Cape Town from IL’s Overseas Bootcamp in Denver, making a temporary pit stop in Florida to visit family. All this flying has given me plenty of time to think and reflect on the event.
Many readers are probably unaware that I'm following in my Dad’s footsteps here at IL. Dad started working for IL's parent company many years ago, focusing on wealth protection, including international diversification.
The State Department’s current estimated processing time is 10 to 13 weeks (about 3 months). Two factors led to this bureaucratic mess.
If citizenship by descent or investment is the best route for someone, I'll always tell them so and point them to the resources they need to do that. But in many cases, the best way to get a second passport is to find a place that you love, settle there, and do your time.
If you love what the world offers… and have found a place that you call home… protect that by getting yourself a second passport—before history turns you into a sad statistic, too.
The bottom line is that as tempting as it is to use a digital mailbox if you're going to be living permanently abroad, I don't recommend it. Of course, your personal affairs may make it possible for you to do so, but eventually, I predict you're going to have problems.
Most Americans thinking about moving abroad know they will be liable for U.S. income taxes on U.S. source income like pensions, rental income, and interest. But many states will also expect you to pay taxes to them unless you do what I did.
The most likely scenario for the dollar’s demise as the global currency involves a gradual decline in U.S. political and economic power, accompanied by increasing instability in U.S. governance and monetary management.