This 2nd Passport Just “Doubled” in Value

Dual citizenship, coupled with a second passport, holds numerous benefits. It can:

  • Expand your travel and investment possibilities;
  • Give you the right to reside in another country or countries; and
  • Allow you to cross international borders if your primary passport is lost or stolen.

However, the most compelling reason to obtain a second passport is that it could literally save your life. During World War II, the Nazis stripped German citizenship from hundreds of thousands of Jews and shipped them off to concentration camps. Most died there, but a few thousand fortunate survivors had an escape plan: a second passport they could use to escape the Nazis to freedom.

Thankfully, America allows dual citizenship – you can get a second passport from another country and still maintain your US one.

If you’re thinking about taking this step, now is a great time to do so. That’s because the Commonwealth of Dominica, which has the lowest cost “citizenship-by-investment” program in existence, just announced a major expansion in the number of countries that its citizens can visit without a visa.

Effective June 1, 2015, Dominica passport holders will no longer need visas to visit the “Schengen area” – a total of 26 European countries – for visits up to 90 days. In addition, you can travel to any other Schengen country in this 90-day period. In most cases, you won’t need to show your passport except when crossing borders between Schengen and non-Schengen countries.

With the addition of the Schengen area, Dominica citizens can travel without a visa, or obtain a visa upon entry, to more than 120 countries.

(The Schengen area consists of Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland. All a Dominica citizen needs to do to enter these countries for up to 90 days is hold a valid Dominica passport. It’s already possible for a Dominica passport holder to visit Ireland and the United Kingdom visa-free.)

The advantages of visa-free entry to Schengen countries are obvious. Whether you wish to visit Europe for business or pleasure, visa-free entry permits you to make last-minute plans without undergoing a possibly time-consuming application process.

This development greatly increases the value of a Dominica passport. Indeed, while Dominica currently has the least expensive citizenship-by-investment program in the world, I anticipate that the government will increase the price significantly in the near future.

The quickest and least expensive way to acquire citizenship and a passport from Dominica is by making a contribution to the government. For a single applicant, the contribution is $100,000. A $175,000 contribution entitles you and your spouse to citizenship. For an additional $25,000, a married couple can add up to two children under the age of 18 to their application. You can include adult dependent children, 18–25 years old, with your application for an additional $50,000 each. And you don’t make the donation until after your application is approved. Legal, due diligence, and processing fees average an additional $25,000–$30,000.

Total costs for a single applicant are about $130,000. This represents a savings of more than 50%, compared to the least expensive options from Dominica’s primary competitors in the citizenship-by-investment market: the Federation of St. Kitts & Nevis and Antigua & Barbuda.

With the addition of the Schengen area to its visa-free travel network, the Dominica passport represents a value equivalent to either of these alternatives but at a very significant discount. But I suspect this discount won’t exist for much longer.

The last time Dominica raised the cost to acquire second citizenship was in 2012. Fortunately, applications submitted before the increased rates took effect were grandfathered in at the old prices. I suspect the same will be true for the next round as well. But there’s no time to wait if you want to beat the next price increase.

The Nestmann Group is the only US company licensed by the Commonwealth of Dominica to offer the citizenship-by-investment program. Over the years, we’ve handled nearly 100 applications for Dominica citizenship and passport.

And because of our special status, we’re working on something special to celebrate this substantial (and long awaited) development.

Mark Nestmann
Nestmann.com

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bb

Anybody , I needed to borrow 130,000 dollars so I can buy a duel citizenship and a second passport. Hell ,I forgot about my mom and little bb so make that 200,000 dollars. I promise to pay it back.

Peaceout
Peaceout

$130 K where do I sign up? Another bug out plan for the elite.

ottomatik
ottomatik

Drops, trickle, deluge.

Llpoh
Llpoh

The second passport doubled in value, while the first is getting to be a damn liability.

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