@GhostCredit wrote:Hey guys, I'm a US Citizen. I've rlheard from someone that you should at least have 2 passports or be a dual citizenship. I've been researching and I think Irish Citizenship is good as they speak English and has a tax advantage. I've also looked into Latin countries and even DR but I think I would stay away from those countries as it's also are dangerous. I wanted to mnkw for those that are US citizen only, how did you obtain another country's passport and for what reason? Thanks.
I would not recommend randomly becoming some other countries citizen! Unless you are married to one or planning to migrate elsewhere, you could bring unwanted attention to yourself!
US Citizenship is the strongest passport you can have. You don't want to be flagged as spy or drug/arms dealer!
However there are some countries that would easily give you second Citizenship if you are American citizen, such as Canada, Australia, Israel(if your Jewish) etc.
" I've rlheard from someone"
Probably the most dangerous phrase known to man. What "someone" told you is wrong. First: many countries require that your renounce your citizenship from your birth country before granting citizenship in theirs. Second major problem is that by holding citizenship in 2 countries you would then have tax liabilities for both. The wealthy often get a 2nd citizenship as a tax dodge but to do so requires essentially purchasing the citizenship via an extremely large cash investment in the new country. Unless you intend to immigrate to the new country then getting citizenship and/or a passport is unnecessary and has already been said will call a lot of attention to you that you do not want. It just smells of criminal activity.
"It's not fair because my coworker from Peru, he came to the US being sponsored by his aunt. He has two passports now, from Peru and recently got his US passport."
Which I think he did as part of his process of attaining US citizenship. Only valid green card holders in that process are eligible. You cannot just come here and get a US passport if you are not a citizen. FYI: "FAIR" is where you go to ride the rides and eat cotton candy. It has nothing to do with real life.
"I only have one. I feel like by having two, it's better than one." WHY? What exactly would you do with another passport? How often do you travel over seas or outside the US? I have had a US passport since I was 14 and I travel quite a bit and do way better with Global Entry, TSA PreCheck and my US passport. I have never felt the need for a "back up" from another country. Well, until the recent economic and political disaster in this country. I have been giving serious consideration to moving out and giving up US citizenship but that will not be done on a whim. LOTS of planning and research before I would ever pull that pin.
"But, if I don't work in one country, why do I have to pay taxes? I don't understand."
The US requires you pay taxes on all money earned regardless of where in the universe you earn it. Go to work for any major employer around the globe and they are going to report it to the IRS. The major problem travel medical people, teachers, and others make is the taxes technically aren't due until your return to US soil. That is why many of these employers say "tax free" but what they really mean is while you are in Dubai or where ever. Once you come back here the IRS will be all over you.
ANY country that gives you a passport for their country is going to want you to have their citizenship which then means any money you earn here can also be taxed by them. That is the responsiblity of a citizen. I know Israel is one country that requires you to prove that you have sufficient income to support yourself and/or your family or they won't grant you residency let alone citizenship. Brazil won't even let US citizens get a vistors visa without showing proof of income and 3 months worth of bank statements. I would imagine a passport or citizinship would require way more. Unless you are one of the uber wealthy who can buy a property or sink $500k or more into a political "investment" to get a golden passport (google it) or dual citizenship this isn't going to happen.
The issue is once your get it then what do you want to do with it?
Are you planning to travel outside of US and go in-between countries with your second passport and then come back to US with your US passport? You are going to be asked where have you gone to and why your US passport is not stamped?
Are you planning to travel to other countries incognito with 2nd passport so US would not find out? Or worse, other countries would not find out? Are you planning to go to countries that are not in good term with US such as, Cuba, Venezuela, N. Korea, Iran, Afghanistan, Belarus etc...? Do you really want to do that?
Also traveling with other passport usually requires Visa, however with US passport many countries don't require visa entry.
Coming back to US you have to explain why you didn't have your US passport stamped! Red Flags all over.
There is no cool factor for having 2nd passport once you have a privilege of having US passport.
Just for the record, I have 2 passports.
