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and Tax Aduanta

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138 THE OFFSHORE MOHEY BOOKbi-econd Citizenshirograms1 jptal SI ip Rcpuisition Psf1:;:&i'Belize offers "economic citizenships." Each year, up to 500 Belize citi-zenship~ may be sold under the Belize Economic Citizenship Programfor a minimum fee of $25,000 (U.S.).The Caribbean jurisdiction of Grenada affords a good example ofthe second citizenship mechanism. Presently, Grenada is characterizedas a socially stable country. Its population is primarily of Afric<strong>and</strong>escen~friendly toward other races, <strong>and</strong> respectful of the law. Grenada,a British Commonwealth country, needs foreign investment to bolsterits economy, elevate its banking system, <strong>and</strong> become recognized as aleading tax haven. Grenada rewards participants with a citizenship <strong>and</strong>a passport: you pay the required government <strong>and</strong> professional fees of$45,000 (U.S.) to qualify. For an additional fee, your family membersmay be added to the program as well.With your new citizenship, you can reside on an exceptionallybeautiful Caribbean isl<strong>and</strong>. When bored, you can use your new .passport<strong>and</strong> visit over ninety countries without the need for a visa, including theBritish Commonwealth <strong>and</strong> many European countries.Here is a list of some second passport jurisdictions. But pleasenote the following ratings:1. (+) Useful <strong>and</strong> functional2. (-) Avoid unless you have family or cultural ties with thesei:k countries.1irI!i- market or fraudulent passports.rF African countries (- -)3. (- -) Avoid because of bogus, illegal passports on the blackBanking passports (-)

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