347: Could Your Passport Be Your Downfall?
The Expat Money Show - With Mikkel Thorup
Navigating the Complexities of Multiple Passports
This chapter explores the complexities of obtaining and maintaining multiple citizenships, including issues like passport revocation and exit taxes. It emphasizes the significance of legal obligations and suggests that possessing a few strong passports may enhance global mobility while minimizing complications.
IN TODAY’S EPISODE:
- Listen in as I explain why U.S. citizenship is one of the most dangerous liabilities in the offshore world
- Learn the truth about mandatory military conscription—and why it’s almost never a real threat for expats
- Tune in to find out how to avoid passport profiling at borders and why more citizenships = more freedom
- Hear me debunk some common myths about citizenship-based taxation and learn about the only two countries in the world that practice it.
- Discover the surprising truth about dual citizenship bans—and why they rarely limit serious expats
- Find out why the fearmongering around “exit bans” is mostly nonsense—and what really matters when choosing a second passport
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Join Us For Upcoming Live Webinars
Every month, we offer exciting new webinars for our community. Topics include how to use retirement accounts to buy real estate overseas, how to get a second passport in Latin America, why you should sell your stock portfolio and move your money offshore, how to buy a beachfront rental property in Brazil for less than $100k, or apartments in Paraguay for $60k. If you want to join us for FREE for these presentations with live Q&A, insider secrets, and exclusive opportunities with my professional network of experts, then sign up today.
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I have great news. After many meetings and explanations, the Panamanian government has agreed to keep the Investors Visa at a $300k Real Estate investment instead of nearly doubling the amount required, as they said they would. This is a massive win for our community who wants to move to or invest in Panama, but I am not sure how long this will last… If you have been thinking about Panama, then I want to make an invitation to you today. Come join me for a special four-day tour to see if the country I call home is right for you and your family. We have just released the next set of trip dates. You can find out more at ExpatMoney.com/fly. Come visit me and the Expat Money team, get a feel for the country and see if Panama makes sense for investment or as a new home.
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