Your Country Is Dying... and It Wants To Take You With It by Jeff Berwick:
HAVING A SECOND PASSPORT GIVES YOU OPTIONS
Last year I got a call from an online brokerage I use in Luxembourg called Internaxx. After having had an account with them for a few years they called to let me know they'd be closing my account immediately.
I asked the obvious question: Why??
The lady replied that Internaxx had recently been bought out by a Canadian brokerage, TD Waterhouse, and since I was registered with Internaxx as a Canadian citizen (I was born in Canada and have a Canadian passport) that Canadian laws state that no Canadian stock brokerage can accept a Canadian client when it is operating outside of the country!
So, even though I thought I was safely away from the criminal Canadian Government's rules and regulations in Luxembourg, all it took was for a Canadian company to buy that brokerage and all of a sudden I was persona non grata.
Luckily, and smartly, for me, I have another passport and so I said to the lady, "I am also a citizen of XXX country, could you unregister me as being Canadian and put me down as being from that country?"
EXCERPT
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