1. No category

HOW TO GET A SECOND PASSPORT...AND
WHY YOU NEED ONE
•  Why should I get a second passport?
•  Second citizenship and passport through ancestry,
residence, marriage, or “back doors”
•  Popular residence-based passports for retirees
•  Second citizenship and passport through donation or
investment
•  Commonwealth of Dominica
•  Federation of St. Kitts & Nevis
•  Grey market and black market passports
•  Due diligence in second passports
Copyright (c) 2013 by Mark Nestmann
Live & Invest Overseas Retire Overseas
Conference – San Antonio, TX
September 4-6 , 2013
The Nestmann Group, Ltd.
Wealth Preservation
Solutions
WHY SHOULD I GET A SECOND PASSPORT?
•  Allows you to travel internationally if your primary
passport is lost, stolen—or confiscated
•  Gives you the right to reside in other countries
•  Protects your identity if you need to keep your
nationality a secret
•  Expanded travel to “forbidden countries”
•  For U.S. citizens, a prerequisite for “expatriation”
Copyright (c) 2013 by Mark Nestmann
Live & Invest Overseas Retire Overseas
Conference – San Antonio, TX
September 4-6 , 2013
The Nestmann Group, Ltd.
Wealth Preservation
Solutions
SECOND PASSPORT THROUGH ANCESTRY,
RESIDENCE, MARRIAGE, OR “BACK
DOORS”
•  Ancestry: parents born in that country (many countries)
or grandparents (e.g., Ireland and Italy)
•  Residence: extended continuous legal residence of one
to 10 years or more.
•  Marriage / adoption: A citizen’s non-citizen spouse or
child may obtain residence and eventual citizenship
•  “Back doors:” Some countries give preference for
immigration and subsequent naturalization to residents
of colonies or citizens of former colonies.
Copyright (c) 2013 by Mark Nestmann
Live & Invest Overseas Retire Overseas
Conference – San Antonio, TX
September 4-6 , 2013
The Nestmann Group, Ltd.
Wealth Preservation
Solutions
POPULAR RESIDENCE BASED PASSPORTS
FOR RETIREES
• 
• 
• 
• 
• 
• 
• 
• 
• 
Belgium. 3 years permanent residence (PR)
Belize: 5 years PR (no qualified retirees)
Canada. 3 years PR
Chile: 5 years PR
Costa Rica. 5-7 years PR
Mexico. 5 years PR
Panama. 5 years PR (no pensionados)
Singapore. 2 years PR
Uruguay. 3-5 years PR
Copyright (c) 2013 by Mark Nestmann
Live & Invest Overseas Retire Overseas
Conference – San Antonio, TX
September 4-6 , 2013
The Nestmann Group, Ltd.
Wealth Preservation
Solutions
SECOND CITIZENSHIP AND PASSPORT
THROUGH DONATION OR INVESTMENT
•  Commonwealth of Dominica
•  Federation of St. Kitts & Nevis
•  Some countries award citizenship and passport to
individuals that make an “outstanding
contribution” (e.g., Austria, Slovakia)
•  Discontinued economic citizenship programs (Belize,
Grenada)
•  New economic citizenship programs on the horizon
•  Beware: passport without citizenship (Panama,
Uruguay)
Copyright (c) 2013 by Mark Nestmann
Live & Invest Overseas Retire Overseas
Conference – San Antonio, TX
September 4-6 , 2013
The Nestmann Group, Ltd.
Wealth Preservation
Solutions
ECONOMIC CITIZENSHIP IN THE
COMMONWEALTH OF DOMINICA
•  Independent Caribbean jurisdiction
•  Travel to approximately 100 countries visa free or with
minimal visa formalities
•  Required contribution: $100,000 (single) or $175,000
(applicant and spouse)
•  Additional costs: $30,000 +
•  Must travel to Dominica for interview
•  Can live in most “Caricom” jurisdictions visa-free
•  No further obligations unless you live in Dominica
Copyright (c) 2013 by Mark Nestmann
Live & Invest Overseas Retire Overseas
Conference – San Antonio, TX
September 4-6 , 2013
The Nestmann Group, Ltd.
Wealth Preservation
Solutions
ECONOMIC CITIZENSHIP IN THE
FEDERATION OF ST. KITTS & NEVIS
•  Independent Caribbean jurisdiction
•  Visa-free access to more than 130 countries, including
the EU and Canada
•  Option 1: qualifying real estate $400,000 +
•  Option 2: contribution of $250,000+
•  Additional costs: $20,000+
•  No interview necessary
•  Can live in most “Caricom” jurisdictions visa-free
•  No further obligations unless you live in Federation
Copyright (c) 2013 by Mark Nestmann
Live & Invest Overseas Retire Overseas
Conference – San Antonio, TX
September 4-6 , 2013
The Nestmann Group, Ltd.
Wealth Preservation
Solutions
GREY MARKET PASSPORTS
•  A passport where not all the criteria ordinarily
necessary for its issuance are enforced
•  Passport is genuine and officially issued, but in an
unofficial and unauthorized manner
•  A certificate of naturalization may or may not
accompany the passport.
•  Examples: Belize, Bulgaria, Costa Rica, Greece,
Guyana, Lithuania, Mexico, Nicaragua, Paraguay,
Portugal, Romania
Copyright (c) 2013 by Mark Nestmann
Live & Invest Overseas Retire Overseas
Conference – San Antonio, TX
September 4-6 , 2013
The Nestmann Group, Ltd.
Wealth Preservation
Solutions
BLACK MARKET PASSPORTS
•  A passport counterfeited or manufactured from lost or
stolen blanks
•  Passport is not genuine, nor is it officially issued
•  A certificate of naturalization almost never accompanies
the passport
•  National intelligence agencies, organized crime
families, and terrorist groups all trade in black market
passports
•  Examples: Belgium, Canada, Suriname, and the UK
Copyright (c) 2013 by Mark Nestmann
Live & Invest Overseas Retire Overseas
Conference – San Antonio, TX
September 4-6 , 2013
The Nestmann Group, Ltd.
Wealth Preservation
Solutions
RISKS OF GREY MARKET AND BLACK
MARKET PASSPORTS
•  Interpol-daily updates of blacklisted passport
numbers
•  Subject to cancellation anytime
•  Generally not possible to renew
•  Acquisition and use may trigger civil and criminal
sanctions
•  Avoid grey market and black market passports!
Copyright (c) 2013 by Mark Nestmann
Live & Invest Overseas Retire Overseas
Conference – San Antonio, TX
September 4-6 , 2013
The Nestmann Group, Ltd.
Wealth Preservation
Solutions
DUE DILIGENCE IN SECOND PASSPORTS
•  Too cheap. Anything under $100,000 is suspect.
•  Too easy. Requires substantial due diligence.
•  Too fast. Requires at least 2-3 months.
•  Too anonymous. No legitimate passport is anonymous.
•  Too limited. Must come with naturalization.
•  Too good to be true. Example: diplomatic passports
•  Too late. Example: Grenada and Belize.
Copyright (c) 2013 by Mark Nestmann
Live & Invest Overseas Retire Overseas
Conference – San Antonio, TX
September 4-6 , 2013
The Nestmann Group, Ltd.
Wealth Preservation
Solutions
FOR MORE INFORMATION…
The Nestmann Group, Ltd.
2303 N. 44th St. #14-1025
Phoenix, AZ 85008 USA
Tel./Fax: +1 (602) 604-1524
E-mail: info@nestmann.com
Web: http://www.nestmann.com
E-mail privateclients@nestmann.com for a copy of this
presentation.
Copyright (c) 2013 by Mark Nestmann
Live & Invest Overseas Retire Overseas
Conference – San Antonio, TX
September 4-6 , 2013
The Nestmann Group, Ltd.
Wealth Preservation
Solutions