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Re: Where the Super-Rich Go to Buy Their Second Passport 

By: ribit in POPE 5 | Recommend this post (2)
Sat, 21 Jul 18 4:30 AM | 67 view(s)
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Msg. 04460 of 62138
(This msg. is a reply to 04441 by Beldin)

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...yer either an American or ya ain't. None of this dual citizenship when I am King.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!




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The above is a reply to the following message:
Where the Super-Rich Go to Buy Their Second Passport
By: Beldin
in POPE 5
Sat, 21 Jul 18 12:27 AM
Msg. 04441 of 62138

http://www.bloomberg.com/graphics/2018-buying-citizenship/

Cheaper than a Gulfstream, nimbler than a superyacht, a second passport - or a third or fourth - has become another trophy for the ultra-wealthy. ...

While many nations, the U.S. included, allow legal residents the chance to apply for citizenship after meeting certain criteria, only 10 countries permit outsiders to acquire citizenship outright. Most require payment in the form of a direct investment, typically in property or a local business.

Conveniently, eight of them are classified by the IMF as offshore financial centers, though Kalin said stability, not tax avoidance, is what motivates most buyers. That and bragging rights. "If you have a yacht and two airplanes, the next thing to get is a Maltese passport," he said. "It's the latest status symbol. We've had clients who simply like to collect a few."

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