347: Could Your Passport Be Your Downfall?

The Expat Money Show - With Mikkel Thorup

A passport is crucial to your freedom and global mobility, but what if your citizenship could be a liability? I recently read an interesting article on IMI Daily called “13 Ways Your Passport Could Ruin Your Life.” While I agree with many of the author’s points, I believe most of the real-world risks are misunderstood—and far more manageable—than people realize. In today’s episode, I expand on each of the 13 points, breaking them down one by one through the lens of my two decades of real-world offshore experience. I cover the good, the bad, and the misunderstood—and I’ll show you exactly how to easily avoid any potential pitfalls while building a solid offshore Plan-B. Enjoy today’s episode!

IN TODAY’S EPISODE:

• Listen in as I explain why U.S. citizenship is one of the most dangerous liabilities in the offshore world
• Learn the truth about mandatory military conscription—and why it’s almost never a real threat for expats
• Tune in to find out how to avoid passport profiling at borders and why more citizenships = more freedom
• Hear me debunk some common myths about citizenship-based taxation and learn about the only two countries in the world that practice it.
• Discover the surprising truth about dual citizenship bans—and why they rarely limit serious expats
• Find out why the fearmongering around “exit bans” is mostly nonsense—and what really matters when choosing a second passport

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