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Singyun

Why does Trump have three passports? Let's take a look at the overseas identity configuration o

label: 2022-08-23

Recently, the FBI raided former President Trump's Mar-a-Lago mansion and became a global hot search!


Later, Trump complained on his own social media platform "Truth Social" that the FBI "stole" three of his passports in the "raid".


But the passports have been returned, according to the Justice Department.


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01


Why does Trump have three passports?


The US media "Newsweek" explained the reason behind it.


The United States issues various passports to government officials, including diplomatic passports, which represent federal government grants for individuals to travel abroad on official business.


Trump's second passport may be the blue passport owned by ordinary Americans.


His third passport may be a maroon official passport granted to U.S. officials or family members, or it may be an overseas passport he owns.


At present, the details of the "three passports" have not yet been clarified, but the heated discussion has not stopped. It is not uncommon for the wealthy group represented by Trump, who was born in a famous real estate family in the United States, to have overseas passports and identities.


Regarding the "overseas passport", the well-known rich man who endorsed it is the American financial tycoon Rogers:

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In the next 10, 15, 20 years, just having one passport is very dangerous, you must have Plan B, and having an overseas passport will give you a chance to survive!


You have an insurance policy, you don't want to use it, but you must have it, before it happens.


Li Ka-shing, the richest man in Hong Kong, also said:


It is not surprising that some people have two or three passports. Their business involves 57 countries. Which country's passport is convenient, and which country's passport is used.


As early as 2018, one in three ultra-high-net-worth individuals globally had an overseas passport.


According to the 2022 Knight Frank Wealth Report, about 15% of the world's ultra-high net worth individuals (net assets of US$30 million or more) plan to apply for overseas citizenship or permanent residency.


02


Why are the rich so keen on overseas passports and identity?


Under the bizarre international situation and economic environment, more and more high net worth individuals have already realized the powerful advantages of overseas identity, including:


Global asset allocation, asset preservation and appreciation


Children's education planning, life medical benefits


Enterprise asset isolation, cross-border tax planning


Free travel around the world, convenient and efficient business travel


In other words, having an overseas passport means more choices in investment, overseas market expansion, opening bank accounts, overseas listing, global property purchase, global travel, etc. It also means enjoying greater freedom and more Assure.


At present, many countries around the world have introduced different immigration policies and laws to ensure the legal rights and security of immigrants.


As far as overseas passports are concerned, the countries that currently have citizenship-by-investment laws are divided geographically into:


01


Caribbean: Saint Kitts Nevis, Antigua Barbuda, Grenada, Dominica, Saint Lucia


02


South Pacific: Vanuatu


03


Europe: Malta, Turkey, Cyprus (closed), Montenegro


Passports from these countries are mostly exempt from visas to more than 100 countries and regions, and enjoy preferential tax policies at the same time.


In addition, the processing cycle is short, the investment method is flexible, you can choose to donate or invest in real estate, the application materials are simple, and there is no immigration supervision. It is an ideal choice for Chinese investors to "immigrate without immigrating".


Take St. Kitts Nevis for example:


The St. Kitts Nevis Citizenship by Investment Program, since its establishment through the national constitution in 1984, has been highly sought after by high-net-worth individuals around the world and is one of the earliest and most prestigious investment immigration programs.


Saint Kitts Nevis is also one of the countries with the most liberal immigration policies in the world, with no immigration prisons and no landing requirements.


At the same time, St. Kitts Nevis passports are visa-free / visa-on-arrival for more than 160 countries and regions, including mainstream developed economies such as the United Kingdom, France, Germany, and Hong Kong, China.


The minimum investment threshold is 150,000 US dollars, and one person can apply for four generations of immigration. You can also apply for a multiple-entry visa for up to 10 years in the United States with your passport.


Project details vary from country to country, and you can choose flexibly according to capital budget, personal demands, etc. You are welcome to consult Nebula International for a detailed identity planning plan.


Immigration policies are changeable and investors are advised to act as soon as possible. One more identity, one more choice; one more protection, one more freedom!


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