Dominica citizenship program exposed! The bomb has exploded

[TheCryptoAnt]

Suggested he went for one of these recently, his response, cheaper to buy a ID card of a local here - gave me a chuckle.

lmao

Visa free travel is kinda irrelevant unless its the only passport you will have...,

These passports are ideal due to travel capabilities within the Caribbean, tax aspects Caribbean, and basically a get out of dodge when our countries ultimately collapse under their populistic debt creation.

Basically. I know nobody using them for travel, but rather to register companies, KYC with banks, etc.

 

[wellington]

lmao



Basically. I know nobody using them for travel, but rather to register companies, KYC with banks, etc.

For me personally, if I were to approach it, i'd use it purely as a back up plan, in respect of economic/societal collapse.

At that point, it's what you wear and what you carry (and who you know) that gives you the chance to get out of the country.

My father in law father/mother etc escaped Mao's China, when you hear the recounts of time the world was going through what the West is starting to go through.. you begin to recognise the need to have that 'ticket' out.

Europe/US (more so US) is going through the early stages of the Soviet era... at times you need a life-raft, a watch, a second passport, is that life-raft, you can rebuild lost wealth, you can't escape a system that is coming, and it will be horrendous to reside within... (Orwellian) especially as the state is using the Good aspects of Blockchain for bad, and the worst aspects of AI for surveillance... this isn't for the good of the people...

Like today the EU introducing a CBDC for a currency that has less than 2-3% Money Laundering (like a 20 billion$ - 40 billion$) annually... With all the systems they have in place they shouldn't need to roll out a CBDC for 450m people, which will be programmable, coupled with social scoring, etc, dystopia nightmare... the money in your CBDC won't get you out as it will likely be restricted to this or that, but the passport will certainly get you entrance somewhere else.

 

[Marshal]

Guys I completely understand that you have to defend your spending of $100k+ otherwise you would look silly. And I don't mean any disrespect here

 

[jafo]

Guys I completely understand that you have to defend your spending of $100k+ otherwise you would look silly. And I don't mean any disrespect here

You are 100% correct!
That $100K+ can be invested in BRK.B all day and...
If I looked a bit different, I would travel to North Africa and come on the NEXT boat to Italy and get a new, ID, a new passport with a new name, a new birth certificate with a new place of birth!

Like these scholars :

https://twitter.com/x/status/1707316055117283659

 

[void]

If I looked a bit different, I would travel to North Africa and come on the NEXT boat to Italy and get a new, ID, a new passport with a new name, a new birth certificate with a new place of birth!

that's what I call a creative approach

 

[wellington]

Guys I completely understand that you have to defend your spending of $100k+ otherwise you would look silly. And I don't mean any disrespect here

100,000$? it leans towards 200,000$-300,000$ actually when you factor in all the D/D, then other parties in the application...

Is it worth spending that?

Depends really, it's not a lot of money when you consider the return on investment, whether that's tax structuring, or whether thats a safety net.

Factoring in if you will, in the UK currently its near on impossible to pull physical funds from a bank account, in the US its near on impossible to pull funds out of Coinbase (5k limit introduced), etc you can clearly see there's a capital control stopping assets moving out of the system as it begins to implode... now factoring in if you were a British national resident you established an account overseas, it doesn't take much to seize that account in the name of the country in the time of economic collapse (socialised losses), that second citizenship would/could/should have opened opportunities to new stores of wealth...

You could of-course go another route to obtain the same objectives, ergo live in a country, obtain residence, then citizenship, only issue there i see is that most of these countries either have territorial taxation, or world wide income taxation, or perhaps some day will introduce such.

Overseas island commonly known as 'tax havens' with citizenship by donation/investment etc won't go that way because their entire system is built on harbouring wealth, high-end tourism, and low tax citizenship...

So 300k for that ?

Chump Change.

 

[jafo]

So 300k for that ?

Chump Change.

100% this!
Not even a blip on the radar!

 

[Bluebarry]

Overseas island commonly known as 'tax havens' with citizenship by donation/investment etc won't go that way because their entire system is built on harbouring wealth, high-end tourism, and low tax citizenship...

They are the ones that have chosen a real path of "self reliance"; that is they rely on their wealthy customers. Not a bad choice in my book.

The alternative for many small, resource-poor nations is to rely on aid from the West, that comes with certain strings attached. This aid is involuntarily financed by the heavily taxed citizens in the West who have to pay their taxes under threat of violence, and comes with strings attached. Not a "sustainable" business model in my book as socialists eventually run out of OPM.

 

[wellington]

One thing that should be considered, in a US Led world (force), there would likely be a point where Governments around the world are forced to inject a minimum tax level like was introduced for corporate taxes over the past few years.

The beauty of the US led system imploding and polarisation, is the potential that will re-introduce into the arbitraging opportunities in the world.

So in the future perhaps you won't need to bother with citizenship by Investment etc, for example El Salvador is offering tax free residency for some industries, likewise Thailand with specific visa's etc, you will see more of this occur as the Western led system begins to 'openly' be recognised as in decline, as push back occurs.

As a Brit i drink to that, because the Western world i grew up in was one of opportunity and freedoms, the one my Kids are inheriting is no different to early soviet style chaos, and that's not in the Global South, but in the West... It has become a unrecognisable monster, and needs to be reborn/refreshed/rehashed/cleansed/shed-its-skin of the surveillance and early bolshevik style state apparatus.

As our screens show us more openly today (on twitter etc), just not mainstream.

 

[wellington]

FYI the result of a Peru residence -> citizenship quest.

Would have been cheaper for him had he simply bought citizenship in the Caribbean and bought beach front land and lived on a beach for the rest of his life.

 

[jafo]

FYI the result of a Peru residence -> citizenship quest.

Would have been cheaper for him had he simply bought citizenship in the Caribbean and bought beach front land and lived on a beach for the rest of his life.

Yeah, that guy really screwed up. All of Latin America is like that.

If you are from the US or EU, you need to

1. hire lawyers educated in the US (at least college)
2. *and* who own real estate in the US
3. *and* who are banking in the US
4. *and* who have family living in the US
5. *and* have kids attending college/university in the US
6. *and* is being overseen by a US-licensed American lawyer living in the US who has an escrow account in good standing.

I use a worldwide website to find these lawyers, but not sure I am allowed to post their names here.

I've had a 100% success rate.

I first explain to the US lawyer what I want.
He then explains to the foreign lawyer what I want.
I then get on a three-way call to make sure the foreign lawyer understands the task at hand.
I always pay the US lawyer in his US escrow account.
He makes sure the foreign lawyer is paid in the US in the foreign lawyer's US bank account.

Other than that...they just see us as rich dumb & gullible gringos and I don't want them to get that impression.