I have been sharing educational information to hundreds and hundreds and hundreds of
Dinarians for over 1 year now...I do these updates...so as to help you to
understand what you need to do to protect yourself and your assets. Many of you do NOT
understand that assets are NOT just money that you presently have or will have but your
property, and even YOURSELF. and what you need to do to protect what you have and will have.
These updates take me hours and hours and hours of time which is why I do NOT send out
these updates of educational information more often. I STRONGLY recommend that if you
are NOT in the habit of looking at your emails at LEAST once a day that you start to acquire
that habit now. I send out emails from time to time that are TIME SENSITIVE...and if you snooze
you lose and many are things that you do NOT want to miss out on; and yet some of you
Many of you do NOT feel or think that you have anything to protect and some of you still believe
that even when the dinar RV's that you do NOT need to protect it and Many more are confused; so
confused that you are become like a deer in a headlight and doing NOTHING...just freezing
and waiting. Waiting for WHAT??...the Dinar to RV or for the banks to have a bank Holiday?
or for ALL of OUR freedoms to be removed and the Constitution TOTALLY destroyed and
With the state of the economy and what is happening on a daily basis with our government
and our freedoms being removed (and NO I am NOT fear mongering).if you do NOT
believe or know..... WE are living in VERY VERY SCARY times. The more I hear and investigate
the more fearful I am that we are in BIG TROUBLE...and that the ONLY way out to protect ourselves
and our families is to GET OUT OF DODGE...and maybe even permanently get out of DODGE.
Sooo this months educational update is going to be focusing in on HOW TO EXPAT which sounds
very scary in itself and after reading this update...it will NOT sound so scary after all. Especially if you
pick a 2nd citizenship in a country that allows you to free access to the USA with your 2nd passport.
HOW TO EXPATRIATE (READ CAREFULLY)
A growing number of Americans are frustrated with the way in which their economy has been managed and are becoming increasingly concerned about future measures the government may take to keep its coffers full.
A question that is arising with increasing frequency is: does expatriation offer a viable protection to those concerned about a more financially-intrusive US system?
The answer is 'yes', it does offer a completely legal solution for ending your obligation to pay US income, capital gains, and gift taxes on your worldwide income. But it is certainly not for everyone and should only be pursued after lengthy and diligent consideration.
And before you begin dreaming of a tax-free future, you should realize that the United States imposes taxes on a broader basis than any other country. The United States is one of two countries, and is the only major country, that imposes significant income, capital gains, gift, and estate taxes on its non-resident citizens.
In virtually all other countries, individuals end their liability to pay income tax after a sustained period of non-residence, generally one year or longer. But to legally and permanently end U.S. tax liability on their worldwide income, U.S. citizens must also give up their U.S. citizenship and passport. This process is called "expatriation."
Yes, it's a radical step. However, if you're a U.S. citizen, you can make nearly all of the preparations for a possible future expatriation without permanently leaving the United States. This is a four-step process:
Phase 1. Relocate your assets from the United States to other jurisdictions, preferably where the assets won't be taxed.
Phase 2. Identify foreign countries where you would consider living,
Phase 3. Obtain a suitable second passport
Phase 4. Expatriate – give up your U.S. citizenship and passport
Once you've accomplished the first three phases, summarized here in Part I of this report, the final step – expatriation – is much easier than if you're starting from scratch.
Are you a good candidate for expatriation? You are, if:
You are comfortable living outside the United States, or are already doing so-
Your spouse and children are comfortable living outside the United States, or are already doing so; and
You have already or are capable of shifting the majority of your income and assets outside the United States.
Phase 1: Relocate Your Assets Outside the United States
With a few exceptions, the IRC imposes taxes on both U.S. source income and foreign source income of U.S. citizens. Non-resident, non-U.S. citizens (also known as "non-resident aliens") pay tax only on U.S. source income, although some U.S. sources of income (e.g., most capital gains) are tax-free.
To prepare for this more favorable tax treatment in anticipation of expatriation, begin moving liquid assets outside the United States to more tax-friendly jurisdictions. Begin selling assets that can't be relocated (e.g., real estate) so that you may reinvest the proceeds overseas.
Invest only in countries and investments with which you are comfortable. If you are accustomed to buying and selling U.S. securities, consider using offshore bank or brokerage accounts to target non-U.S. securities. If you are an experienced real estate investor, investigate real estate purchases outside the United States. Keep in mind that a targeted investment or real estate purchase may also qualify you for legal residence in some countries (Phase 2) or even a second passport (Phase 3). If you have substantial domestic investments in precious metals, consider moving the metals offshore.
The vast majority of foreign banks and brokerages now refuse to accept new U.S. citizen clients, especially U.S. citizens resident in the United States. However, banks and brokerages in a handful of countries still accept new U.S. citizen and resident clients and allow them to purchase non-U.S. securities. A few banks in Austria, the Bahamas, Hong Kong, Liechtenstein, Singapore, and Switzerland are suitable for this purpose. The minimum deposits in these banks start at $100,000. Minimum deposits in offshore brokerages start around $5,000. Fees are much higher for banking services and securities trading than in the United States.
Both the accounts you hold offshore and the income derived from them must be reported to U.S. authorities. The penalties for failing to make these disclosures are draconian. Consult with an expert familiar with the tax and reporting rules for international investments when you file your annual tax return.
Offshore real estate is a non-reportable asset for U.S. investors if owned individually or jointly with your spouse or other individuals. Income or gain from foreign real estate investment is reportable and taxable. Countries offering first-world infrastructure and where real estate is relatively affordable include Argentina, Australia, Canada, Chile, Ireland, Mexico, New Zealand, Panama, Spain, and Uruguay.
Numerous potential "land mines" exist in offshore real estate investments. Among them are the lack of a multiple listing service in many countries, difficulty in establishing good title, and legal provisions giving squatters the right to live on your property. Retain a knowledgeable real estate attorney in the country in which you purchase real estate to avoid problems.
You may transport precious metals you own in the United States to another country and store the metals in a safety deposit box, bank vault, or private vault. One option for doing so is to use a secure shipping service. Make certain the service not only promises secure transport but also assists with completing non-U.S. customs and tax declarations. Another option to transport precious metals out of the United States is a like-kind exchange under Sec. 1031 of the IRC. If you move the metals yourself, the best option can be to hire an import agent in the country to which you're taking them to handle the import formalities. You will generally post a bond through the agent covering taxes due (if any) plus the agent’s fee.
Phase 2: Identify Foreign Countries Where You Would Consider Living
Once you give up U.S. citizenship and passport, you no longer have the right to live in the United States. You may generally make brief visits, but in most cases, you won't be able to stay more than approximately four months annually without becoming subject to U.S. tax on your worldwide income based on the IRC's "deemed residence" rules . Finding another country to live in is therefore an essential part of any expatriation exit strategy.
Even if you have no plan currently to leave the United States permanently, finding a country that you may wish to relocate to in the future is a prudent safeguard. If economic or political conditions deteriorate in the United States and reach your personal breaking point, having legal residence in a suitable offshore jurisdiction provides a valuable "insurance policy."
If you merely want the right to live in another country in the form of a residence permit, but don't necessary want to be physically resident there, a number of countries can accommodate your needs. These include Belize, Costa Rica, Malta, Mexico, the Dutch Caribbean territories, and Panama. In most cases, you can qualify for residence (although not the right to work in the country) by either making an investment or demonstrating a minimum guaranteed pension payment. Residence rights may be purchased in some countries by making an investment of $80,000 or more in real estate or other assets. A guaranteed pension payment of $1,000 or more may also qualify you for residence. In other countries, you may need to qualify on a points system. Some countries have multiple programs to consider.
Phase 3: Obtain a Suitable Second Passport
To end your responsibility to comply with U.S. tax and reporting obligations, you must give up your U.S. citizenship and passport. Without a second nationality in place and passport in hand, however, giving up your U.S. passport would render you a "stateless person." Avoid this status, as it makes it difficult or impossible to legally live or travel internationally.
A second passport also conveys numerous other benefits:
It gives you the right to reside in the country that issued the passport, and possibly other countries. For instance, a passport from a member of the European Union conveys the right to live and work in any other EU country.
It gives you a way to travel internationally if your primary passport is lost or stolen, or if the issuing government confiscates or refuses to renew it.
It provides you with the opportunity to travel to countries blacklisted by the government that issued your primary passport. For U.S. citizens, this includes countries such as Cuba, North Korea, etc.
It avoids disclosing your primary nationality, should you ever need to keep that a secret. This can be useful if you're ever confronted by militants who oppose the government that issued your primary passport.
You may qualify for a second citizenship and passport by ancestry, marriage, religion, or extended residence in another country. If not, a handful of countries offer “instant” citizenship in return for an investment or contribution. The Commonwealth of Dominica and the Federation of St. Kitts & Nevis are the only countries with an official, legally mandated, economic citizenship. (Note: Dominica and the Dominican Republic are different countries.)
Dominica is the least expensive option. The nationality law of Dominica authorizes the government to waive the normal requirement of seven years of legal residence to acquire citizenship in exchange for a cash contribution. Total costs including all fees for a single applicant come to about $105,000. Add $25,000 for your spouse and up to two children under 18. The Dominican passport holders can travel without a visa, or obtain a visa upon entry, to nearly 90 countries and territories.
The Federation of St. Kitts & Nevis offers two options to obtain economic citizenship. One option is to make a direct contribution to a charitable foundation set up to support displaced sugar workers: the Sugar Industry Diversification Foundation (SIDF). Total costs including all fees for a single applicant under this option come to about $285,000 or $335,000 for an applicant with up to three dependents.
The second option is to purchase "qualifying property" with a minimum investment of $400,000. Fees and closing costs add a minimum of $100,000. Total costs for a single applicant come to at least $500,000 and close to $600,000 for a family of four. The St. Kitts & Nevis passport provides visa-free entry, or visa upon entry, to more than 120 countries, including nearly all of the 27 member countries of the European Union.
In all cases, applicants must pass a strict vetting process that includes a comprehensive criminal background check.
Bogus second citizenship offerings abound. In recent years, I have received offers to purchase passports from Costa Rica, Nicaragua, the Dominican Republic, Ireland, and Lithuania, among other countries. Some of these offers are outright scams. Others involve illegally purchased or stolen documents. Even if you succeed in obtaining a passport on this basis, it may be revoked at any time and you could be subject to arrest and/or deportation.
Once you've completed Phases 1, 2, and 3 of your four-step plan to disconnect from the United States, you're ready for Phase 4: expatriation. While you may never take the final step of giving up your U.S. citizenship and passport, taking the preparations summarized so far at least gives you that option.
What it’s Really Like to Expatriate (by one who did it)
There are a lot more former U.S. citizens than there once were. Americans fed up with paying tax—and their government—are voting with their feet. And they’re doing it in much greater numbers than ever before.
Why might you wish to give up your U.S. citizenship? Primarily, because doing so is the only way that you can eliminate your lifetime obligation to pay U.S. taxes, no matter where you live.
But expatriation is a major decision. It means, for instance, that you no longer have the automatic right to enter or live in the United States. You’ll need to get a visa to do so, unless your non-U.S. passport qualifies you for visa-free entry. In all cases, the Department of Homeland Security can deny you re-entry to the United States, and is under no obligation to tell you why, which is WHY you need to pick your new country carefully to make sure you can
come and go with a Visa freely into the USA, especially for those who have family and friends still here.
However, the actual process of expatriation isn’t as arduous as you might think.
You’re likely to encounter bureaucratic incompetence, unexplained delays, and rampant stupidity. But giving up your U.S. nationality is a legal right; one that even the inane employees of the Department of State understand.
Here’s one account my colleague “John” (not his real name) recently received from a now-former U.S. citizen on how the expatriation process really works:
As you wrote, the first step is to find alternative citizenship. After attending an offshore investment conference, I decided that my best bet was to gain citizenship in St. Kitts & Nevis by purchasing a property there for an amount over $350,000. Then, I paid another $50,000 for two additional family members to apply for citizenship. This whole process, including closing on the property, application, review of paperwork, citizenship, then waiting for issuance of the passport, took about nine months.
After moving all of my assets whose title I could change or move offshore, I purchased a home and moved to Panama. Then it came time to surrender my citizenship. From everything I could find on-line or in any books, I was expecting the surrender process to be rather grueling, including meeting one on one with a consular official sitting me under a bright light, interrogating me about reasons and taxes, then almost beating me with a rubber hose. We are all aware of the onerous threats of what IRS can do if we have the nerve to try to escape the plantation.
John, I was absolutely dumbfounded at how EASY it really was.
No problems, no questions about anything, they were simply willing to cut me free. I had thought I wanted an attorney with me, so I would have some idea which questions I legally had to answer and which I could refuse to answer. It was just not necessary. I believe IRS and the State Department tries to scare the hell out of us so we won’t even try to surrender citizenship, but the process is far different than I envisioned.
There are a total of five forms needed. All are available on-line on the State Department Web site. The numbers for these forms are DS-4079 through DS-4083. You complete these forms, and then take them along with your U.S. passport, birth certificate, Social Security card and new passport to the embassy. If you are smart, you will also bring a typed letter explaining your reason for wanting to expatriate.
Do not say ANYTHING about taxes. My reasons were that I abhorred socialism, loved the Constitution, but was unbelievably sorry that we no longer followed it. Then a clerk will re-type all the forms. This took about two hours because of numerous typographical errors. It is important to proofread every answer and every single line. It took something like 10-12 different efforts to get all five forms finally completed correctly.
A consular representative then came to the window, asked for my U.S. passport, asked me if I was really the person who wanted to expatriate, and whether I understood the consequences. Then he signed a few papers, took my passport and said good-bye. That was it! Oh, he also told me I should contact the IRS to inform them of what I had done. He said I would receive my certificate of loss of nationality in about four months. He never asked me ANYTHING about taxes or finances.
After a follow-up call to the embassy four months later, I was told I could return and pick up my official certificate of loss of nationality. They returned my U.S. passport with holes punched in it. The next day I returned to the embassy to apply for a 10-year, unlimited visit VISA to come to the United States. It was approved the same day. I also applied for Social Security because I was now old enough to receive it. You do NOT surrender your right to Social Security benefits by expatriating.
I thought it might be helpful for you to know what they ACTUALLY do to those who wish to surrender citizenship. Regardless of how intimidating they want you to believe this process can be, at least in my case, NOTHING happened.
I am now a free, sovereign citizen of the world. St. Kitts & Nevis charges me zero income tax, zero capital gains tax, and zero death tax. I don’t even have to file a tax return any longer for ANYONE. Panama leaves me alone, so long as I pay my property tax and sales tax, and the U.S. no longer “owns” me.
My St. Kitts & Nevis passport gets me almost anywhere in the world that I could have gone with my former U.S. passport. With my 10-year visa, I can come back to visit the U.S. whenever I want. Believe me, I don’t want or need to come back very often, and there are lots of nice other places to see in this world. And, if we are both on the same plane hijacked by terrorists, they’ll kill you long before me.
I have the very best of all worlds. I live virtually tax-free in a beautiful country. I actually have more freedom and liberty as a guest resident of Panama than I did as a citizen of the United States.
I simply don’t understand why there are not MILLIONS of Americans giving up their citizenship. If only they knew how EASY it is, how practical it is and how much better for their financial health, there would be lines around the block at every U.S. embassy from those who realize there are better choices than remaining a U.S. citizen.
Copyright (c) 2009 by Mark Nestmann
HOW TO PROTECT YOURSELF and WHEN
Many have called the RV over the last several days even tho there is NO proof it has actually happened
But what if they had been right? Are you prepared???????
No one really knows how close we are to the revaluation of the Iraqi Dinar and the sweeping changes that will ripple throughout the lives of Citizens that hold the dinar and their friends, families and situations. If your assets are unprotected now, make sure they are NOT left that way later. There are significant advantages to getting some coverage for your self and your dinars BEFORE the revaluation besides being ahead of the game and
being ready to move your money into a protected account...as well as being able to then move to the next
phase of Asset Protection which is going OFFSHORE. If you have NOT heard the call that I did on
Basic Asset Protection and LLC's specifically for US Dinarians...please email for the recording
It was done in a very basic 101 level for even the beginner to understand.
Email Jackie firstname.lastname@example.org
There are a LOT of Asset Protection Vendors out in the Universe that are peddling their
wares....so WHY would you want to get a NM LLC from me? and WHY an LLC
and why NM? One of the BEST reasons is that NOT only is the NM LLC I offer
give you the MOST for the least amount of money.; but NM is one of the ONLY states
that does NOT expose ownership of your entity to the public. NOT only is that a good
enough reason; and NOT only do you get 10 full years of RA service and NO renewal of
your LLC and NO paperwork to file on a yearly basis; but I do ALL the forms for you
Also, getting a NM LLC is one of the BEST onshore Asset Protection Entities that you can
get ...better than even an ONshore Trust. But, be aware while it is 99.9% safe...I still recommend
layering it into an OFFSHORE entity...which I am presently sharing with my paid clients ONLY.
I also am NOT just an Onshore LLC expert; I am a one of a kind credit/debt advisor for over 30 years
and have taught 1000's of people how to LEGALLY keep More of what you Earn in your
pocket (instead of gifting Uncle Sam). I help my clients how to get out of the Chex system;handle
creditors, bill collectors and how to save their homes if they are fringing on losing it and LOTs
of other issues with credit/debt that NO OTHER Vendor can do..themselves. I have
spoken and been invited to speak at MORE...Asset protection Seminars offshore.
I am putting together for US Dinarians an offshore Asset protection Seminar AFTER
the Dinar RV's with one of the GURUS in Offshore Asset Protection. There will be a limited
number of people that can attend (either be in Belize or Panama), and MY PAID LLC
clients will have FIRST shot at registration for that. I will be instrumental in selecting what kinds
of speakers that will be there to educate us. Sooo not ONLY am I here for the moment, I am
here for the long run too as I am also a Dinar Holder for over 7 years now when almost NO ONE
had even heard of Dinars and certainly there were NO forums or GURUS around (lololol)
ANOTHER BONUS FOR ALL My new LLC CLIENTS (and existing clients)
Another BONUS that I have acquired for my paid NM LLC clients is that I have
found a National Bank that will open up your LLC over the phone without
having to go into any branch. This is great news for those of you that were having
problems opening a bank account that live in Florida, or Hawaii,; but it is also of course
for everyone else all over the country (and the world). For those of you out of the country
I even have a route to get you an EIN# for your LLC so that you can open a bank account
here in the USA now without having to fly in.
For all Dinarian holders this is a GREAT opportunity to set up at a National Bank
where they deal in foreign currency and they are the chosen bank for the RV .
I also did a recording with my Vendor for my paid clients on HOW to operate out of your LLC
Please be aware that from time to time I receive from clients or my own research info on great
opportunities..that AFTER investigating them and doing Due Diligence on them; I pass onto
my PAID CLIENTS ONLY. Most recently, I found a once in a lifetime opportunity to learn
about purchasing your own bank offshore. I sent out the special call I had interviewing the
contact for it...many of you took advantage of it, and many did NOT; and missed an incredible
opportunity. This alone could be even BIGGER than the Dinar RV.
Soo if you have NOT heard the call on Asset Protection and LLC's, email me
and if you want more information on How to start your NM LLC ...email me
and IF you are ready to get started with getting your NM LLC email me,
when you have the funds and are ready for step 1
But, whatever your reasons are for NOT moving forward (unless you are robbing Peter
to pay Paul and you cannot find them anymore either)
...Stop Procrastinating and JUST DO IT...
MORE BASIC ASSET PROTECTION EDUCATION
I WANT YOU TO BE ON MY PRIVATE CALL end of July
IF you have NOT checked this out yet, there is still time to register for this inexpensive
membership that use to be almost $500 a year and the owner has dropped the price down to ONLY
a one time $49.70. and NOT ONLY get the TONS of great education from the owner of this
newsletter/membership LOADED with Asset Protection Education on 2nd Citizenship
and 2nd Passport and Offshore Save Havens and Offshore Banks but, I spoke with the owner
and he and I are going to definitely doing a PRIVATE call for those who purchased the
membership ...in July. Sooo folks do NOT procrastinate any longer, sign up start
getting the education and then you will be invited by me to the private call I will hold with him in July
for those who joined. Here is the info on it.
Please click on this link and check it out...(THIS IS NOT MY SITE OR BIZ)
Here is what you are going to receive from this subscription/membership
Please use the link above
As an unlimited Lifetime member you will have all-inclusive access to the following:
Extensive Information Resources:on everything that has to do with Offshore - providing critical information, recommendations, resources, tools and strategies & ebooks.. Highlights of subjects include but not limited to the following topics
- Offshore banking A GUIDE that WILL GIVE YOU NAMES OF BANKS and contact info
- Offshore asset protection
- International investing
- International business
- Second residencies and citizenships
- Privacy and security
- Tax and privacy havens
- Global opportunities
DOZENS OF Must-Have E-reports INCLUDING THE IDEAL OFFSHORE BANK ACCOUNTS WITH CONTACT INFO.
IBC'S & Trusts
ALL THE NON TAX SAFE HAVENS
Members private forum
Freedom Blog with ongoing info on the Offshore world
TONS OF LINKS TO ALL INFO RELATED TO ASSET PROTECTION
Resources, discounts, bonuses and sooo much more..
Folks this site is LOADED with GOLD NUGGETS of education on
2nd Citizenship, 2nd Passports
and OFFshore Safe Havens for living and banking.
Click & Join today.....(if you haven't already)
(Vendors site takes ONLY paypal OR if you do NOT have a Paypal account, you can pay with a credit card.)
Make sure you keep checking your emails regularly; for educational updates from me
that I send out every 2-3 weeks.for Dinarians. IF you are not receiving them; please email me and also
make sure I am in your contact address email book.
I don't know if you all realize this or not; but I spend a LOT of time researching and learning
and spend a LOT of my income money to purchase educational info on ONshore and OFFshore
to help US all.
Soooo, Please realize that IF I find something that after I research it and I feel it to be a BIG
value to us for education; I purchase it with my funds that I earn from setting up NM LLC
Sooo if you see me posting something such as the education above on Asset Protection;
It has a huge value for education to you
and I take the referral commissions I earn from that and I spend it on more education so that
I can teach you, guide you and direct you for onshore and offshore asset protection. Sooo know
that I am NOT just promoting something to earn money, but to help educate you and allow
me to buy more education to teach you. Sooo it is a win-win for ALL of US.
A thousand pardons if you are receiving this message more than once...I have a HORRIBLE system for sending out updates.I do them manually as I don't have time for another learning curve or importing names into an auto responder.. sooo please take pity on me and just delete the duplicate emails without beating me up.. I don't send many emails out (usually only once every 2-3 weeks)..and my crystal ball says "get ready for the RV"