FREE: JOIN 100,000+ READERS   
≡ Menu
SOVEREIGN MAN

How to obtain a second passport

Travel South America

November 29, 2012
Santiago, Chile

Over the past month, there’s been a surge of interest in second passports: Google trends indicates that the keyword search has grown like a weed since the beginning of the month, no doubt due to the re-election of President Obama.

Here’s the thing, though… obtaining a second passport is no panacea. And it ain’t easy either. Acquiring one takes a combination of time, money, and flexibility… or very lucky ancestry. I’ll explain–

I. ANCESTRY

If you’re fortunate enough to be descended from Irish or Polish grandparents, you may be able to obtain citizenship in these countries at minimal time and cost by working through the consulate nearest you.

Certain unique cases of ethnicity can also land you a passport–

1. Israel. Are you Jewish? Are you willing to be? Israel’s Law of Return entitles all Jews to become residents of Israel, and eventually obtain citizenship.

2. Spain. Even more specifically, are you a Sephardic Jew?

If so, the Spanish government announced last week that Sephardic Jews would receive instant Spanish citizenship; Ferdinand and Isabella (the same folks who funded Christopher Columbus) expelled all Sephardic Jews from Spain more than 500 years ago, and apparently the government is now trying to make amends.

3. Hungary. In 2010, the government of Hungary passed an new immigration law streamlining the citizenship process for anyone who can demonstrate at least one ancestor had once lived within the territory of the defunct Austro-Hungarian Empire.

This vast territory, which existed from 1867 until the end of World War I, encompasses most of modern day Austria, Hungary, Ukraine, Romania, Slovakia, Slovenia, Croatia, and Serbia.

II. FLEXIBILITY

Are you willing to get married? Adopt a child? Serve in a foreign military? Yes, it sounds extreme… which is why I said that obtaining a second passport is no easy feat.

1. Serve in the French or Israeli militaries and receive citizenship at the end of your service.

2. Marry someone from Ecuador, Ireland or Singapore and you can apply for naturalization after two years.

3. Become financially responsible for a Brazilian child and you can apply for naturalization after just one year.

III. MONEY

Citizenship by investment programs have existed for quite some time, the most famous of which are in St. Kitts / Nevis (about $285,000 total expense for a single applicant, $340,000 per couple) and Dominica ($135,000 / $215,000 for a single and couple respectively).

Yet with so many countries (particularly in Europe) going bankrupt, governments are desperate to raise revenue. Several have resorted to ‘selling’ residency to foreigners in exchange for an investment in real estate or government bonds.

1. Ireland. New rules grant residency in exchange for investments in the country, including a 1 million euro government bond purchase; you can apply for naturalization after five years.

2. Portugal. The new “Golden Residence Program” offers residency in exchange for 500,000 euro real estate purchase. You can apply for naturalization after six years. Language proficiency is required.

3. Hungary. A new bill in Hungary offers to grant residency to foreigners who purchase at least 250,000 euros worth of government bonds; you can apply for naturalization after eight years, and language proficiency is required.

4. Spain. A proposal is on the table to grant residency in exchange for 160,000 euro real estate purchase; naturalization timeline is still unknown.

IV. TIME

If your spouse won’t let you marry a foreign national, and you don’t have the liquidity to buy a home in Europe, there are also options where, if you spend enough time on the ground, you can qualify to apply for naturalization.

For example– Singapore (2 years), Argentina (2 years), Belgium (3 years), Uruguay (3 years), Paraguay (3+ years), Australia (4 years), Canada (4 years), Chile (5 years), Panama (5 years).

The critical question is how much time you actually have to spend on the ground in order to qualify to apply for naturalization. In Canada, for example, you must have your boots on the ground for at least 1,095 days within a four-year period in order to qualify to apply for naturalization.

Singaporean and Panamanian naturalization procedures, on the other hand, have no specific time requirement.

V. BOTTOM LINE — IS IT WORTH IT?

In total candor, there is no perfect passport solution that’s cheap, fast, high quality, and easy to acquire. At least, not a legal option. And given that a second passport is supposed to enhance your freedom, risking jail time by acquiring illegitimate documents defeats the purpose.

Moreover, spending large sums of money on acquiring a passport may not be the wisest use of funds either.

For example, if you’re concerned about the future of your country and think a second passport will be your ‘ticket out’, it may be a wiser course of action to establish residency in a safe, stable country instead, and then allocate the funds you would have used on the passport to purchase productive property and gold bullion.

Just remember that the number one reason, by far, for obtaining a second passport is to have a fallback option in case you ever want to renounce your current citizenship. More on this in a future letter.

 

 

About the author: Simon Black is an international investor, entrepreneur, permanent traveler, free man, and founder of Sovereign Man. His free daily e-letter and crash course is about using the experiences from his life and travels to help you achieve more freedom.

Want more stuff like this?

Our goal is simple: To help you achieve personal liberty and financial prosperity no matter what happens. Click below to join our community of 100,000+ sovereign individuals.

SIGN ME UP FOR FREE

Comments on this entry are closed.

  • John

    Dominica is still listed as $100k for a single applicant on their gov’t website..

    Did your fee simply increase from $25k to $35k, and if so, isn’t that a little steep?

    • John Pitt-Rivers

      This is a bullshit option unless you are Chinese or something. Many better and cheaper alternatives about.

      • nomadcapitalist

        Can you elaborate?

      • John Pitt-Rivers

        Much better and cheaper options around. Look at the nr of counrties available and cost, and Dominica is not really a good option. As I said, just for Chinese etc.

      • http://narth.com Nature 1

        Can you recommend a few for someone with no ancestry claims? My sights are currently on Chile but I’ve heard really negative things from people who are actually there. Namely..very classist, difficult to get a job etc. I know it’s very cheap but I have a BSc and if I cannot obtain a proper job then what’s the sense? I don’t have thousands of $ to invest unlike some people..

  • John Pitt-Rivers

    Brazil is an excellent option.

  • http://www.facebook.com/pat.williams.50 Pat Williams

    Do you have more information on Brazil?

  • Chazz

    Ireland YES. Poland NO. I tried with Poland and they said both parents had to be Polish citizens at the time of one’s birth. Only my mother was at that time, my father having had to renounce his Polish citizenship in order to become an American. Ireland doesn’t have this requirement, and even grandparents count.

    • http://www.facebook.com/profile.php?id=578836221 Mary Day Smelser

      Did you need all 4 grandparents for Ireland, or will one pair fit the requirement?

      • nomadcapitalist

        Only one.

    • xxxxxxxx

      You got incorrect information. Though having both parents be Polish may be a requirement for someone born today, at one time only one parent had to be Polish and if you were born at that time you qualify.

  • http://www.thedailyprep.com/ Urbivalist Dan

    Great article. Very few people being this “blasphemous” on the internet. Especially mentioning….gasp….renunciation! The question people need to ask themselves (everybody but Americans in particular) “Would I rather be free or American?” It will be important to have your mind soundly made up in the coming years…

    • nomadcapitalist

      “Would I rather be free or American?”

      I like it.

  • Christopher Scollo

    I was able to claim Italian citizenship through ancestry, even though it was my great-grandparents who emigrated. (All of my grandparents and parents were born in New York.)

  • nomadcapitalist

    I believe Singapore has increased the time required to become a citizen through “registration” (they register, rather than naturalize citizens… a largely semantic difference). While time to PR has been 1-2 years, it is harder to get (many are denied) and time from PR to citizenship is now five years for around seven years in total. Considering conscription, no dual nationality, and the odd social laws if you choose to live there, it seems like a less attractive option these days.

Read more:
Gold Standard
Easier said than done

Close