The value of the golden passport


Samuel Harvey, Director of Business Development at Harvey Law Group, discusses Golden Passport options to EU countries and a new investment opportunity.

Sam Harvey of the Harvey Law Group explains the value of the golden passport
WHY SHOULD TRAVELERS CONSIDER A SECOND PASSPORT AS THEIR “PLAN B”?

A second passport is a great mobility perk. But it’s important to note the differences between a passport from an EU country and a passport from a Caribbean country.

A passport from any of the Caribbean countries grants rights to relocate within another CARICOM country. Although it also grants travel access within the EU, you cannot relocate there. Most applicants look at a Caribbean passport from mobility and tax perspectives.


 

Boracay issue of Travelife Magazine


 

On the other hand, an EU passport will grant rights to relocate within any other EU country, along with travel to a wider range of destinations. So most applicants considering an EU passport may opt to relocate their family to ensure the future of their legacy.

Sam Harvey of the Harvey Law Group explains the value of the golden passport
WHAT SHOULD APPLICANTS CONSIDER WHEN CHOOSING A LAW FIRM?

Professionalism: An international lawyer goes through a training process and understands the economics behind having a second passport. This includes visa-free agreements, tax implications, education and social benefits of the domiciled, and legacy planning in accordance with inheritance rules.

Liability: While not all fly-by agents or consultants are scammers, their professional liability can be limited and applicants might not be properly covered in case of a fallout in the application process.

Interest: A law firm should act in the interest of their clients, not their own. As much as I would prefer recommending Cyprus to all my clients, I must take into consideration their needs; this includes budget, family members, traveling habits, and tax exposure. 

default

ABOUT HARVEY LAW GROUP

Harvey Law Group (HLG) was founded by Jean-Francois Harvey in 1992. Headquartered in Hong Kong, the firm now has over 20 offices worldwide. It has a proven expertise on residency, permanent residency, and citizenship by investment. Considered a pioneer in the industry, it has advised countless individuals, families and foreign governments on their immigration laws and regulations.

The Harvey Law Group team ensures professional legal representation, thus providing extra security for clients. The team also offers corporate services and cross-border transactions to entrepreneurs and corporations looking to expand overseas.

Click here to contact Samuel Harvey


COLUMNS

Luxury Villa for rent in Umbria, Italy

My beautiful villa in Umbria

What makes for a great vacation? Two weeks in a villa in Umbria, with simple food, warmth ...
Read More
The beaches of Brunei: The best place to go for a weekend away from Manila

The best place to go for a weekend away from Manila

One of the best places to go for a weekend away from Manila is Brunei. This ...
Read More
Vorontsov Palace, The most beautiful palace in Crimea

The most beautiful palace in Crimea

Last year, I journeyed to Crimea to visit the palaces of Imperial Russia. This was ...
Read More
The best restaurant in Vladivostok for seafood

The best restaurant in Vladivostok for seafood

On my recent holiday in Russia, we were determined to find the best restaurant in ...
Read More

GLOBETROTTERS

How to travel around the world in style

Alexandra D. Foster is the owner of a handmade silk pillow company that includes travel-inspired designs ...
Read More

The cruising experience with Norwegian Cruise Line

Steve Odell, Senior Vice President & Managing Director for Asia Pacific for Norwegian Cruise Line ...
Read More

Renting vacation homes around the world

Founder of VRM Intel Amy Hinote tells us why renting a vacation home is the ...
Read More

Contiki Holidays CEO Casper Urhammer gets fresh ideas through travel

Contiki Holidays CEO and global citizen CASPER URHAMMER’s love of travel gives him fresh ideas ...
Read More