The Four-Step Plan to Escape from
America
• Step 1. Move your assets to safer havens where
there is enhanced protection for wealth
• Step 2. Find another country to live in that offers
greater personal freedom
• Step 3. Get another passport
• Step 4. Expatriate from the USA
Copyright (c) 2010 by Mark Nestmann
Sovereign Society Total Wealth Symposium
May 2010
Step 1: Move Your Assets to Safer
Havens Offshore
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Comparing the Top Havens
Offshore Banks Don’t Want Americans’ Money
One Solution: an Offshore LLC
Another Solution: Offshore Insurance and Annuities
Be Compliant!
Copyright (c) 2010 by Mark Nestmann
Sovereign Society Total Wealth Symposium
May 2010
Reporting Obligations for Offshore
LLCs
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Form 8832 (Entity Selection)
Form 8858 (Information Return With Respect To
Foreign Disregarded Entities) OR Form 8865
(Information Return With Respect to Certain
Foreign Partnerships) OR Form 5471
Form TD F 90-22.1 (Report of Foreign Bank and
Financial Accounts)
Form 1040, Schedule B (check "yes" for Foreign
Account)
Copyright (c) 2009 by Mark Nestmann
Sovereign Society Total Wealth Symposium
April 2009
Reporting Obligations for Offshore
Insurance and Annuities
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Form TD F 90-22.1 (Report of Foreign Bank and
Financial Accounts)
Form 1040, Schedule B (check "yes" for Foreign
Account)
Supplemental Reporting Pursuant to HIRE Act
(2010)
Proposed FinCEN rules (retroactive to 2009)
Reporting Requirements Apply to Both Fixed and
Variable Annuities
Copyright (c) 2009 by Mark Nestmann
Sovereign Society Total Wealth Symposium
April 2009
Step 2. Find Another Country to Live in
that Offers Greater Personal Freedom
• Availability of Residence Rights
• Freedom vs. Security vs. Enforcement of Rights
• Infrastructure: Electricity, Telecommunications,
Banking, Medical, etc.
• English vs. non-English Speaking Havens
• Prejudice Against Americans (or your Skin Color,
Accent, Religion, etc.)
• Tax: Global vs. Territorial Taxation
• Availability of Passport
Copyright (c) 2010 by Mark Nestmann
Sovereign Society Total Wealth Symposium
May 2010
Step 3. Get Another Passport
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Why Should I Get A Second Passport?
Citizenship by Investment in the Commonwealth Of
Dominica
Citizenship by Investment in the Federation of St.
Kitts & Nevis
Citizenship by Investment in Austria
The Netherlands Antilles: EU Passport Through the
“Back Door”
Other Possible Passports
Avoid Passport Scams
Copyright (c) 2010 by Mark Nestmann
Sovereign Society Total Wealth Symposium
May 2010
Economic Citizenship Programs:
Commonwealth of Dominica
• Independent Caribbean Jurisdiction
• Travel to Approximately 90 Countries Visa Free or
with Minimal Visa Formalities
• Required Contribution: $75,000 (Single) or
$100,000 (Family of Four)
• Additional Costs: US$30,000 +
• Must Travel to Dominica for Interview
• Can Live in Most “CARICOM” Jurisdictions Visa-Free
• No Further Obligations Unless You Live in Dominica
Copyright (c) 2010 by Mark Nestmann
Sovereign Society Total Wealth Symposium
May 2010
Economic Citizenship Programs:
Federation of St. Kitts & Nevis
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Independent Caribbean Jurisdiction
Visa-Free Access to Most EU Countries and Canada
Option 1: Qualifying Real Estate $350,000 +
Option 2: Contribution of US$200,000
Additional Costs: US$20,000 +
No Interview Necessary
Can Live in Most “CARICOM” Jurisdictions Visa-Free
No Further Obligations Unless You Live in St. Kitts or
Nevis
Copyright (c) 2010 by Mark Nestmann
Sovereign Society Total Wealth Symposium
May 2010
Economic Citizenship Programs:
Austria
• Member of European Union
• Travel to 150-Plus Countries Visa Free
• Live and Work in any of 27 EU Countries and
Switzerland Visa Free
• Requires Multi-Million Dollar Investment Before
Applying for Citizenship: NO GUARANTEES!
• Additional Costs: US$100,000 +
• Politically Controversial
Copyright (c) 2010 by Mark Nestmann
Sovereign Society Total Wealth Symposium
May 2010
A Little-Known Back Door to an EU
Passport
• Residence in Dutch Caribbean Territories Can Lead
to a Dutch Passport
• Curaçao and Bonaire, off Venezuelan Coast
• St. Eustatius, Saba and St. Maarten, Southeast of the Virgin
Islands
• After 5 Years Continuous Legal Residence May
Apply for Dutch Citizenship and Passport
• Travel to 150-plus Countries Visa Free
• Reside or Work in any in any EU Country and
Switzerland
Copyright (c) 2010 by Mark Nestmann
Sovereign Society Total Wealth Symposium
May 2010
Step 4: Expatriate
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Move Assets Outside USA
Sell Assets to Minimize or Eliminate Exit Tax
Obtain Another Passport
Choose Another Residence Country
Appear Before U.S. Consular Representative
Receive Certificate of Loss of Nationality
Apply for U.S. Visa or Obtain Visa Waiver
File Form 8854
Don’t Spend More than 120 Days/Year in USA
Copyright (c) 2010 by Mark Nestmann
Sovereign Society Total Wealth Symposium
May 2010
For More Information…
The Nestmann Group, Ltd.
2303 N. 44th St. #14-1025
Phoenix, AZ 85008 USA
Tel./Fax: +1 (602) 604-1524
E-mail: [email protected]
Web: http://www.nestmann.com
E-mail [email protected] for a copy of this presentation.
Copyright (c) 2010 by Mark Nestmann
Sovereign Society Total Wealth Symposium
May 2010