Friday, July 20, 2018

Fashion Accessory ... a Second Passport

Drudge Report links to a Bloomberg story about places where one can "buy" a second, quite legal passport. Several Caribbean island nations will sell you citizenship for the investment of $100,000, if the article is to be believed. Plus a couple of them have no capital gains tax. Assume the local governments are corrupt, and ambivalent about white residents.

Apparently the "prestige" second passport is from Malta, which wants just over a million $ investment in return. You'll never learn the Maltese language which is Arabic-based, written in western characters, with some European loan words. However, English is widely spoken.

The DrsC have been to Malta more than once, it's an odd place - sort of a cross between North Africa and Italy, and recent events suggest it has a relatively high level of corruption. On the other hand, it is a place one could live a decent life and the expat community is sizable.

Vanuatu is on the list too, it is located in tropical, beautiful Melanesia. We were there for a day last year and saw a neighborhood of obviously wealthy first-world people.

However, it's clear most of Vanuatu's people are very poor. Within a mile or two of the posh neighborhood there were squatter lean-tos and trash piles. I'd worry about water quality and tropical disease.

Vanuatu is an 800 mile flight from Brisbane, Australia - the nearest first world city. Once you're in Oz you're still a long way from Europe and North America, and rather closer than you'd like to Indonesia, Malaysia and China.

The second passport one would wish would be Swiss, but it seems not to be for sale. Switzerland is a no-nonsense country that "works" and doesn't tolerate foolishness.