Quote: (06-19-2013 01:05 AM)booshala Wrote:
Panama and Uruguay are places that are well known in the community for second citizenships. 5 flags just seems way too expensive and logistically unfeasible unless you have something like 7 figures liquid in the bank.
I've done some pretty extensive research on Uruguay and have looked into setting up bank accounts in panama. Not a bad way to go and much less expensive than the Caribbean islands normally touted. If you're super balling, Singapore is a great route too as they're very pro-business and don't ask many questions if you patriate money into their country.
When I hear Panama for banking, first thing crossing my mind is Noriega, and another thing starting with N - nationalization. I bet its a matter of time when it happens again, and not only in Panama but also in some other Central/South American countries.
Singapore sounds legit. How about HK, is anyone familiar with this matter?