BootsnAll Travel Community

Anyone here with multiply citizenships?

I've been doing some reading on the topic... buying a small plot of land in central America.

Suposedly doing this would give some other benefits... another visa, making it a bit easier for Americans to travel.

Any good websites to do more reading on the topic?

I'm sorry I cannot help you, but do you mean that by buying land in Central America you will have the benefit of having another visa?

just by buying some land?


Gabriela

I'd just recommend reading the government immigration sites for all countries involved, including US. (be sure to avoid the non-official sites) That's where I've found great detail about everything from advantages and requirements to if the countries involved will even allow you to have dual citizenship and not give up your original citizenship.

quote:

Originally posted by Sor Raimunda:
I'm sorry I cannot help you, but do you mean that by buying land in Central America you will have the benefit of having another visa?

just by buying some land?


Gabriela

Actually its 50,000 dollars of farm land to plant forest to get a citizenship in a few countries. If I remember correctly its Costa Rica that is like that.

The other alternative is to move down there for a few years and apply for citizenship. Which crosses my mind daily!

One of the main benefits from what I can tell is to get a citizenship in a country that has reciprocates with some of the other socialist countrys for medical care. That and the no tax on income aspect.

My main goal is to be able to settle down at some point some place warm, where the folks are friendly and it doesnt cost much to survive. I just have to get started relatively soon to make anything like that happen.

Thanks guys, for taking the time to reply!

quote:

Originally posted by Rocknrod:
The other alternative is to move down there for a few years and apply for citizenship. Which crosses my mind daily!

which are the requisites that you need in order to move there for a couple of years?
I mean: my grandpa was born in Spain, my mom was born in Argentina, but as daughter she obtained Dual Citizenship, if I want to apply for DC I have to live one year in Spain (and find a job, coz I'm not rich to live there without working)

Gabriela

quote:

That and the no tax on income aspect.

Not sure what you mean- but if it's what I think you mean- the US taxes income on it's citizens regardless of where the money is made. You make a dollar in Costa Rica? The IRS wants it's .25

Only way out of paying US taxes(legally) is to stop being a US citizen

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quote:
That and the no tax on income aspect.



Not sure what you mean- but if it's what I think you mean- the US taxes income on it's citizens regardless of where the money is made. You make a dollar in Costa Rica? The IRS wants it's .25

Only way out of paying US taxes(legally) is to stop being a US citizen

Agreed ... plus, the IRS and State Department are actually quite suspicious of people who go to the trouble of renouncing their citizenship. You wouldn't be the first to do it for tax purposes! Then again, if you're not a multi-billionaire, they might not care.

I'm trying for dual citizenship Finland-US since Finland just started recognizing it, mainly so I can work and travel in the EU. Not sure what all is involved tho, wish me luck!

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One of the main benefits from what I can tell is to get a citizenship in a country that has reciprocates with some of the other socialist countrys for medical care. That and the no tax on income aspect.

There's not really many socialist countries left and socialised medical care ain't free (you pay for it in terms of taxes, not that that's a bad thing). Every country also has its own income tax, so if you avoid US income tax you still end up paying somebody elses. Unless I missunderstood you, if so please clarify.

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Originally posted by jv:

quote:

quote:
That and the no tax on income aspect.



Not sure what you mean- but if it's what I think you mean- the US taxes income on it's citizens regardless of where the money is made. You make a dollar in Costa Rica? The IRS wants it's .25

Only way out of paying US taxes(legally) is to stop being a US citizen

Agreed ... plus, the IRS and State Department are actually quite suspicious of people who go to the trouble of renouncing their citizenship. You wouldn't be the first to do it for tax purposes! Then again, if you're not a multi-billionaire, they might not care.

They could be as suspicious as they want but if you renounce your US citizenship it would be as pointless as being suspicious of the guy at the curry cart in London. Once you are no longer a US citizen what jurisdiction do either of those agencies have over you? None

Correction: you can deduct whatever income you make if you meet 3 main criteria on the income: you lived outside of the US for the majority of the year, did the work while out of the US, and earned the money from a non-US employer.

I looked up all that good stuff before leaving the country, read every related IRS pub. That's just a lot of criteria to meet for the standard citizen that probably wants to live outside the country but still earns their money from the US in some way.

quote:

Originally posted by Clay:

quote:

That and the no tax on income aspect.

Not sure what you mean- but if it's what I think you mean- the US taxes income on it's citizens regardless of where the money is made. You make a dollar in Costa Rica? The IRS wants it's .25

Only way out of paying US taxes(legally) is to stop being a US citizen

I'm pretty sure you can make 80k a year if your oversea's for 3 years running and not have it taxed... dont qoute me on that, but I read something similar to that on one of the "Screw Haliburton" type websites.

quote:

Originally posted by Elis:

There's not really many socialist countries left and socialised medical care ain't free (you pay for it in terms of taxes, not that that's a bad thing). Every country also has its own income tax, so if you avoid US income tax you still end up paying somebody elses. Unless I missunderstood you, if so please clarify.

Current line of thinking is to find a country that is friendly with Europe and their health care system. Need 3k in dental work? Fly over... get it done on somebody elses buck.

Read a news article where a fellow in sweden/norway flew over to another country, stayed with a relative... and got whatever he needed done. Flew home, and saved money on the deal.

Thanks again to all that replied...

Israeli-US citizenship.

It means every year for 30 days I carry a gun and drive a jeep and (on Fridays) get rocks thrown at me.

I just want you to know right now, that I would never throw a rock at you, never ever ever.

Ok? That is all.

Thai and US citizenship. Haven't used it to my advantage yet. But one day, probably in a few years, I'm planning on moving to Thailand for a while, living there..so it'll be great not to worry about trying to get a visa and such.

The document which explains everything about US taxes while abroad is: http://www.irs.gov/pub/irs-pdf/p54.pdf

It's a fun read. Which is why I printed it out and read it all a few years ago.

If you want everything to be legal- just have a chat with an accountant on what to do.

And regardless of how much you have to pay for taxes: The irs expects you to file every year- wherever you live

quote:

Originally posted by Rocknrod:
Read a news article where a fellow in sweden/norway flew over to another country, stayed with a relative... and got whatever he needed done. Flew home, and saved money on the deal.

I see your point. It is, however, actually not that easy in most European countries even with socialised Med care since the insurance coverage is often (not always, think the UK might be different) ties to employment and for that a holiday stay does not count, plus you'd have to worry about a work permit first. This came about because in social dmocracies these programs are actually less about free loading and more about protecting workers, meaning people who actually work.

In any case, even though it is socialised Med care, they still don't have to treat you if you don't have insurance unless it's a life threatening issue. So I'm not sure Dental care would qualify. But on the upside, we also don't have that "pre-existing condition" clause.

But yeah, running out on the bill is possible all over the world. And I do believe that access to medical care is a basic human right - so I wouldn't even really get on your case for it - just do me a favor and don't tear down the systems nice enough to provide it to you.

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Current line of thinking is to find a country that is friendly with Europe and their health care system. Need 3k in dental work? Fly over... get it done on somebody elses buck.

I know that medical insurance is very expensive,but I just can't buy this line of reasoning at all.

So, you want to fly to another country, get the work done, and have someone else pay for it? Why? It's not someone elses responsibility to take care of you.

Sorry folks, this line of thinking just gets under my skin.

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Originally posted by Mr. Chris D:
I know that medical insurance is very expensive,but I just can't buy this line of reasoning at all.

So, you want to fly to another country, get the work done, and have someone else pay for it? Why? It's not someone elses responsibility to take care of you.

Sorry folks, this line of thinking just gets under my skin.

Very true...

If I had the knowledge to operate on my self, I would be obligated to do it myself, instead of having to outsource a doctor.

If you live in a country that helps other countries the reciprocity agreements within the health care system are more of what I'm talking about. Home country takes care of some european citizen when he/she is in town, likewise the european country takes care of the traveler from whatever country your looking at. The USA doesnt have this ability...

I'm not saying to become a leach on society and suck the system dry... I am saying that if it is a side effect of living in a place that you can work for a year in the US, and live for 3 on the money... that I dont mind that side effect!