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SECOND PASSPORT AND SECOND CITIZENSHIP ARGUMENTATION
 1.You
definitely need a second citizenship and second passport if your present
nationality causes you one of the following problems:
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Your present passport has to be renewed or extended more frequently than
every ten years.
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Your present passport could be renounced or cancelled by your Government
or its Authorized representatives at any time.
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Your present nationality limits your investment and entrepreneur
abilities.
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Your present Government levies taxation on your income, assets and
capital worldwide.
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Makes you a target for terrorists.
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Allows your present Government to control, limit and register your
traveling.
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Shows that you are a citizen of a very unpopular state that causes a
preconceived or negative attitude towards you.
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Forces you and your children to serve in the army.
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Limits your freedom of traveling.
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Your state is politically unstable.
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You want to change the address of your permanent residency.
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You want to insure your family against unforeseeable misfortunes.
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2.Why
do Americans apply for the second passport and second citizenship?
Americans who seek second citizenship and second passport come from a very
wealthy or middle class background. Every client has different long term
plans. But they all aim to minimize their tax bills and restore their
right to freedom and privacy. Today, the USA is the only developed
country, which taxes its citizens regardless of their residency.
Citizenship renunciation could be a solution for people who have a lot to
lose in taxes.
The statistics of people who have renounced their citizenship and people
who have been naturalized (if you consider both as 100%) tells a thousand
words:
| Year |
Naturalized |
Renounced |
| 1964 |
53% |
47% |
| 1968 |
58% |
42% |
| 1971 |
69% |
31% |
| 1976 |
75% |
25 % |
| 1980 |
63% |
37% |
| 1982 |
40% |
60% |
| 1986 |
53% |
47% |
| 1990 |
51% |
49% |
| 1994 |
42 % |
58% |
| 1996 |
39% |
61% |
| 1997 |
27% |
73% |
| 1998 |
36% |
64% |
| 1999 |
29% |
71% |
As you can imagine, that the people applying for US citizenship are
not very rich, and the ones renouncing it are not the poorest. People
applying for the US citizenship must know, that this citizenship also
means taxation slavery for life.
For some time the US has been struggling with capital leaving the country,
as a result the Government introduced a new law. This law taxes citizens
who have renounced their citizenship for tax purposes at the same annual
rate if they visit the USA once in any given year. But it is possible to
avoid this problem by applying for a new citizenship.
US citizenship renunciation requires a long term planning and
professional advice in order to gain substantial tax benefits. With the
proper timing, you can derive the majority of tax benefits after 5 years
of acquisition of the second citizenship and subsequent US assets transfer
abroad. In the next 10 years after citizenship renunciation, you will
completely terminate your lifetime tax slavery. But it can happen earlier,
if no US assets left 5 years prior renunciation. So, second citizenship is
the key to your tax freedom. But not every one wants to go as far as
citizenship renunciation. For those Americans who want to be in business
to develop and invest dynamically without different taxation obstructions,
second citizenship and second passport will provide better opportunities
to grow and preserve their wealth in privacy.
Your citizenship can make you a target to terrorist attacks when you
go abroad. Travel in the Middle East using a US or UK passport can make
you a certain target for terrorists. It has become a sensitive issue these
days more than ever and does not only apply to Americans. Citizens of the
Middle East countries also require such protection while traveling to
unfriendly neighboring countries on business.
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3.
Citizens of what European countries are applying for second citizenship
and second passport the most?
Not so long ago applicants from UK were the most regular clients of
ours for the second citizenship, but now the citizens of France and
Belgium have successfully surpassed them. Spanish and Scandinavian
citizens are following them, in order to escape the burden of taxation.
While the countries of Monaco, Andorra, Gibraltar and Campione hold
special attraction for the Europeans because of geographical proximity,
the tax haven status offered to EC citizens will no longer be the case in
the near future. However, citizenship of Dominica will still provide you
with tax haven status. For example, a citizen of France can apply for the
citizenship of Dominica, and after successful application, renounce their
French citizenship. And only after that apply for the residence permit in
Monaco, Andorra or Gibraltar, and fully enjoy tax haven advantages, while
living in Europe.
But not only people who can afford to live in Monaco apply for the second
citizenship. Obtaining second citizenship of Dominica gives Europeans
unique opportunities for business and tax planning.
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SECOND PASSPORT AND SECOND CITIZENSHIP ADVANTAGES
4. Who
really needs second passport and second citizenship?
Americans and Europeans need second passport and second citizenship it
for tax planning in order to avoid paying exorbitant taxes.
Eastern
Europeans, citizens of the former Soviet Union, Chinese and others, need
second passport and second citizenship in order to:
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Travel easier
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Insure against instability and crime inside their own country |
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Open bank accounts, businesses and invest abroad as well as for tax
planning |
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A second citizenship and passport is a must for any person whose
country of residence levies high taxes on profits. It is also your
insurance against unforeseeable misfortunes.
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| SECOND PASSPORT AND SECOND CITIZENSHIP ORIGINS
5. Why do
the programs of granting second citizenship and second passport exist?
Programs of granting second citizenship and second passport in return
for the investments exist in many countries worldwide, for example, in the
USA, Canada, Australia, New Zealand, Austria, Ireland, Great Britain, and
Dominica. They differ mostly in four points:
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Amount of necessary investment
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Whether it is refundable or not
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Duration and complexity of accepting the investment
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Duration and complexity of granting citizenship after the investment
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The economic theory says that where the demand there is a supply. Why
do America and Canada need these programs? The answer is simple - in order
to cover loses on taxes from their own citizens who renounce citizenship
in order to avoid paying exorbitant taxes. Why does a country like
Dominica need this program? The answer is also simple, it needs it to
increase its budget, to develop tourist infrastructure, support
agriculture, etc.
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6. Why should you
not wait for a rainy
day?
Because after something happens, it could be too late. As everybody
knows, success never comes unexpectedly, you have to work a lot and for a
long time to get it. But misfortune always comes unexpectedly. It is
necessary to plan business and investments in such a way as to avoid
paying exorbitant taxes and maximize your disposable income.
The second citizenship and second passport is like insurance. When you
really need insurance, it might be too late to get it. It also takes time
to obtain a genuine document. The list of countries that offers fast
legitimate second citizenship and second citizenship is shrinking rapidly
due to the pressures from countries with high taxation level. Citizenship
programs in Grenada and Belize are temporarily suspended for indefinite
period, but the Commonwealth of Dominica offers such an opportunity still.
But there is no guarantee it will not be suspended. So, do not waste your
time, apply for your second citizenship and second passport today to
secure your future.
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7.Why is it
important to apply for second citizenship and second passport with "CCP Inc."? The reasons are as follows:
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In order to present an application free from mistakes and speed up the process
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Not to get a refusal from the Government of Dominica (which happens in 30% of the presented applications)
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To get support and consultations after citizenship is granted
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We
recommend you to familiarize yourself with the content of this Web Site
regarding citizenship of Dominica and offshore services as well as our
FAQ’s page.
We are recommended to act as your
representative by the Government of
Dominica.
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