The Chilean citizenship has the same perks as the South Korean one, BUT Chilean law does not force you to renounce your original citizenship. That is a big thing to consider.
@@Lawrence_of_Asia Dual citizenship is illegal in South Korea and you must renounce your second citizenship within a year. Furthermore any children you have will be conscripted into service once of age.
I have lived in Korea three times (about 6 years total). There is a decent quality of life there. The people are genuine. If you like the arts, historical events, museums, even local pubs Korea has it all. Shopping is great, as is anything to do with fashion or getting shoes custom made. People are very proud to have the world's largest bookstore. Education is encouraged and valued. Outside of Seoul it looks like Switzerland....a picture postcard around every bend. Definitely an interesting place. Perhaps I should have stayed:)
I was in Korea for about 4 months, it's a very livable country and I found it better than New Zealand. It has a mix of the old and new, it felt very safe and because it's a more up market Asian country there didn't seem to be the multicultural clash that some countries now have. It was the sort of place that you could get lost in and just melt into the surroundings, unplug from the west and take a break.
As a Black American Soldier who has lived off and on in Korea for over 6 years, I find it is a hidden gem. I'm should be retired in about two years time and plan to move back over there to stay asap. I should have somewhere around $400,000 to take so I might need a company like Nomad capitalist assistance It's the safest palace I have ever lived I worry about people coming in and trying to change the culture to their own.
@@FlowtnWitWalden You'd be surprised, it is already starting to change because Korea has the lowest birth rate in the world (even lower than western countries). They are already talking about how they will need to overcome this and have multicultural society.
I lived in S.Korea. People can try to change the culture but they won't succeed. Koreans may accept foods or cultural things from other cultures but in the end they will improve it or make it more Korean. Most people wouldn't be interested in this program in Korea as they wouldn't want to learn the language!
1 million Korean Won = 1 thousand USD. You will be very pleasantly surprised at the public medical service system in terms of the top quality and the affordability : )
There is a way to naturalize and keep your home citizenship. You have to fall into a (fairly undefined) special category (high level scientists, athletes, etc) OR... be married to a Korean citizen.
Debatable. Koreans, although very comfortable economically are possibly the unhappiest people on the planet, they never give strangers a smile and they compete on everything.
@@Andrew-vw5oiThey don’t compete on everything. That is a big exaggeration. Work stress is a big reason for the unhappiness, which can be avoided with a decent working environment.
Also, btw, always be on time to any appointment in that culture, even with the execs at the banks. Appointment arrival times can make or break relationships there.
I have a daughter in the Philippines so even with travel restrictions in the country I can still get in on a tourist visa and stay up to 3 years at a time.
There’s a point based system (80 out of 120) to get a long term residency F2-7 visa. After 3 years of holding this status u can apply for an F5-permanent resident status . Permanent residents have automatic rights to vote on local elections after 3 years receiving the status! And yasss u can also apply for citizenship! There are a few exceptions for dual citizenship! For instance if u marry a korean u can win the tickets to retain ur own citizenship and become a dual ! Or if u happen to be the expats with merit-based system u have a dual citizenship option this way too ! KIIP (korean immigration &integration programs) offered by government is a free of charge for anyone with the temporary residency who is willing to put an investment on learning the language and integrating into the korean society. Once you complete this program u can claim this certificate towards point based system and ease the requirements , etc . There are a few foreign expats who become naturalized without renouncing their passports ! So I saw these persons on TV as well ! Sadly I’ve seen a few westerners who renounced their citizenships before the dual citizenship policy becomes effective at 2011! To complete this process u must sign a legal agreement form not to exercise foreign citizenship on Korean soil.
Hey I have question I having been trying to find out someone who could help me in getting started on the process with obtaining a f2-7 visa. I still have no clue on where to begin
Marrying for citizenship is a terrible idea if you’re a male. If the country changes its divorce laws to be pro-female, your (former) wife is going to gouge you of your lifes savings. Divorces rates are skyrocketing all across Asia as these countries slowly get richer and more feminist. This pattern has already happened in the USA since the 1960s, it will repeat itself in SE Asia
Indonesia probably has the best marriage laws for males (legal to have 4 wives, just divorce the old and marry young teens when you get bored of old ones)
I was impressed with the entrepreneurial spirit all over South Korea, not just in Seoul though. The businessmen are always taking the KTX. The Jeju Hallamong oranges are phenomenal! The food is underrated. The language is easy to learn. 👍🏾
@@SenorJuan2023, Japanese and Chinese are much more difficult than Korean because Korean has less characters. It's more streamlined. Started learning it in 2008. Beautiful language, unique characters. The calligraphy is really nice.
I've lived in Korea most of the last 23 years, teaching at universities. I don't have the $100,000 to invest, but I am considering retiring here (I have a good 10 years before then). It's a nice place to live. Safe, stable, friendly, and beautiful (if you like mountains and beaches!).
IRS can ask taiwan to provide accounts of US citizenship there, there are American submarines parked around the island. getting a third passport would definitely be beneficial especially now they’re making it impossible to renounce US citizenship. I hope enough people renounce it so they realize they need get rid of that fascist citizenship tax!
I became a naturalized Japanese national and now I am a dual US/Japanese national. Do not believe the fearmongers on the Internet and instead read the Nationality Act of Japan (国籍法) for yourself. It is not necessary for dual nationals from birth (as well as naturalized Japanese nationals) to renounce/relinquish US nationality in order to keep Japanese nationality. There are no penalties under Japanese law for not renouncing/relinquishing US nationality.
@@primecreator5257 In the case of nationals of countries such as South Korea, Vietnam, the People’s Republic of China, etc. the original nationality must be renounced/relinquished before final approval of the application for naturalization in Japan is granted (i.e., the applicant naturalizes as a stateless person). In the case of nationals of countries such as the US, it is not necessary to renounce/relinquish US nationality before approval is granted. While it is requested to relinquish/renounce the original nationality after approval, there are no criminal penalties, administrative penalties, etc. under Japanese law for not doing so, despite what the fearmongers on the Internet baselessly claim.
@@Henry-bh2hs Yes. Read the Nationality Act of Japan for yourself. Legally and practically speaking, Japanese nationality cannot be revoked once granted by naturalization, and the status of nationality of another sovereign country has nothing to do with the Japanese government.
South Korea is ultra modern, endless supply of things to do, easy to navigate, and property investments are expensive but solid payoffs. City people love it. If you are a French country side type; not for you.
Is there not plenty of countryside available like Rural Japan? I suppose with South Korea not suffering a population decline they might be more aggressively farming their rural land....
@@priestesslucy3299 There are rural locations available in both Japan and Korea. GPS and social navigation apps do help live in them. I do speak from experience. But the society is built towards urbanization and industrialization. So any foreigner can just land in Seoul and figure it out. But the further outside the local culture the foreigner is coming from the harder it is to navigate and appreciate.
@@spzaruba5089 so basically a country girl's best bet is probably landing in Seoul, integrating into the culture and then expanding outward to find an area with more breathing room?
@@priestesslucy3299 That is what I would do. But if you have a comfortable grasp on your financial, real estate, and transportation needs then dive right in. Just make sure you have a rollback plan, an exit strategy, and be aware space costs a significant amount of money.
@@spzaruba5089 Yeah I hear that. I don't need a huge amount of space, I could get by on one hectare (as a long term settle down residence) though 2-8 would be the dream. I don't care if it's an hour away from a major population center lol
I was stationed there in 2001-2002 up north close to the DMZ. Had a blast, there is also a large Russian presence in the Seoul area. We would go off base and take the Korail everywhere. Custom made clothes, cheap food, only drawback was it was EXTREME weather always it seemed. The summers were literally 100 degrees with 100% humidity and the winters were brutally cold and very long.
Interesting. Glad I stumbled on your channel. Alot of similarities in mindset. Headed to Colombia. Going to review more of your content related to that country. Any videos on citizenship in Colombia as an investor?
It's not the entrepreneur route but us military has bases in SK. When my hubby was there in 04/05, it wasn't uncommon for soldiers to move permanently, bring their family. Apparently the schools are that good.
american vets have some hospitals where they can use their "vet stuff" - on "Talk Asia" Ytube channel you can listen to a vet in south korea, video " Let's Settle This! Best Country to Retire!"
I was there in 2004 one of the best in Asia much better than Japan. In 2030 watch the real Korean emergence, back in 2004 95% people were doing daily things online
Korea is only for those with a viable business plan or those married to a Korean citizen, imho. There's a reason hardly anyone talks about wanting to retire there. Also, the young are trying to escape the ultra harsh work environment that will squeeze you like a lemon if you can even get into one of the 3 options: A government job, working for the likes of Samsung/Hyundai or becoming a successful business owner. There are immigration firms all over Korea where those wanting to leave get matched up with jobs abroad. You can watch this on YT (in the episode I saw, a professional couple was actually selling themselves on a proposed job picking pine cones for $9/hr in the US!). I've been 3 times & took it off my list, as I found the social problems to be quite pronounced (huge rich - poor gap, f.e.) even to a casual visitor like me, plus also due to the fact that I found out firsthand that the rumors about aggressive drunk Koreans are true, even when you're not dating one of their females. Sure, many don't care about the issues the locals are facing or their attitude (which perfectly lends itself to being a cult member). And if you're there to build a business, why should you? But I found it a bit too much. Now contrast this with Japan, which has some of the same work environment related problems & I absolutely adore Japan. I have been 7 times & can't wait to go back. I ended up starting a small business by accident selling to a chain of stores in Tokyo (and buying from them to sell back home over the internet). I have even cold called on retail stores in Japan without being able to speak the language - the key is to have what they must have, which happened to be in an area I had been passionate about for years). Getting long-term residency in Japan is very hard though, the population will continue to shrink & age and there's a multitude of natural disasters that can strike at any time.
@Alex ' It happened on the subway in Busan on my 1st ever visit there. I was confused about my stop and a Friday night drunk guy was all over me. I didn't mind him touching me but he kept grabbing my backpack & I told him to stop 3 times. He did it again, I yelled to show that I meant it and to embarrass the guy/call attention to his behaviour, then went into the next car. When I got off, a different person apologized, which was nice. To put this into perspective, I have been to almost 30 countries and lived in half a dozen. I have been to every country in SE Asia at least once (some a dozen times, like Singapore, Thailand & Cambodia - where I just moved to last year), except the Philippines & Brunei. I have never ever had a problem with getting harassed in public in Asia before in 26+ years of traveling there.
@Alex ' There were also anti-Japan messages displayed inside the subway trains in several languages (something about disputed islands), which I found a little off putting. And my very first visit coincided with the removal of their female PM Park Geun-hye in 2017 (who ended up w. a 25 year prison sentence!). I was lucky her supporters didn't start a riot, which Korea is famous for, and I could catch my flight to Tokyo the next day. Another strange thing was supermarkets closed on certain Sundays of the month, as I encountered in Busan. I may be wrong but I attributed this to the strong Christian influence in the country. However, where I prefer Korea over Japan is in the area of food plus as an Onsen lover Hurshimchung spa in Busan is the greatest Onsen I've ever been to, save for the one in a forest next to a stream in Kanchanaburi province in Thailand. One country I discovered too late in life is Taiwan. I really like it there.
I had a totally different take away from my experiences in Japan and Korea. I was not really into the drinking scene in Korea. Japan was just too, too expensive. (But it was pretty, not practical). Yes, I found Korea very male dominated: Everything was functional, not aesthetic in Korea. I wonder if my view was slanted from more of an academic bent??
@@spinalcrackerbox The supermarkets closing is actually a government program to help small businesses. Most small stores are open every day and those 2 Sundays they don't have to compete with the chaebols.
You once said that Japan has good real estate opportunities. Maybe you could do a video on Japan. I know it's not a place you want to be tax resident, but it's a country I'm very interested in otherwise.
Super country though i simply found it too expensive to live in, unless you have a specific reason to be there it probably doesn’t tick enough boxes. Lovely place but certainly not one of the “playgrounds”
The average Korean salary in 2011 was 18k/year. Housing is included in many jobs there because key money is high to discourage singles from living on their own. While there are golf courses and pubs one has to find their own tribe there. If you are lucky a Korean family will "adopt" you and take you along on hikes, etc.
@@jwestfalldavis3574Key money is high because of eviction laws. It is not always easy to evict a tenant and there are a lot of legal costs to do so. It has nothing to do with singles.
Andrew, I am Korean national, enjoying your show here in Seoul. I like your idea of having options. If anyone's interested in living in Korea, it is all good but, one thing though, watch out the current administration.
@@heyu7307 It raised the max. tax rate of the highest income bracket from 42 to 45 %. this year, also raising property tax case by case. This might affect you if you are working as an employee in Korea. If you are supposed to run a business or invest in businesses, this might not apply to you. But overall, it is not tax-lowering government.
@@dr.winstonsmith As a citizen in Korea, I want reasonable and friendly people around the world come to Korea, do buisness together and share benefits by contribution. As all others, Korean people have different spectrum of politics, not all Korean people support the current administration. They lost public support recently, two recent polls suggest the current government have below 39% approval rating.
Its a country I planned to complete a masters qualification in at some point and which I am slightly nuts about as i love their history and culture not to mention how far advanced their technology is ....and yet id never in a million years choose to live there permanently nor would i pick a citizenship. Its a tough country to live in due to cultural differences, attitudes towards women or anyone who doesn't fit the mould. Like any country they have their problems .. neighbours up north being one. I could see myself living there for a year - maybe two tops, i ve friends who did live there and its about as much as they could take before needing to recharge bk home.
I worked in Incheon with a subsidiary of a major US corporation for 6.5 years (2000-2006), then again later on for another western company (2014 thr 2015). Nice contracts, overall, and the country has its points and aspects of interest, but...hangul mandatory classes? Thanks, I pass. I’ll stick to your Caribbean CBI suggestions. St Lucia and Antigua look nice. 😎🍸
Hangul is considered the easiest alphabet to learn (it's phonetic and I learnt it in a week), so if that's what's holding you back you should reconsider ;)
@@eifosness hangul is really easy, it took me less than an hour to learn to read it, the sentence structure is what most americans have a hard time with and that only gets easy with practice.
I don't need to go South Korea. Is so many Korean people in Angeles City/Clark ,Philippines area.. Especially They have plan to build Big Korean Town in New Clark City, Philippines. 🤓
For Westerners like Americans and Europeans, u guys still find South Korea amazing. But for us Filipinos, going to South Korea is same as just going to Japan, Singapore, HK, Malaysia, Taiwan, etc..
Very interesting. True it's hardly spoken about. The only thing is that we'd have to renounce other citizenships. But all other conditions feel very reasonable for a country like South Korea. Excellent post
Korean dual nationality has a price of military service which is cen Overseas Korean men opt out of dual citizenship due to their unwillingness to do military service.
I want to preserve or increase options for my very young children to have escape routes. I’m am looking into Korean citizenship as my mom was born there and emigrated to the us in 1975. The other side is more complicated as they came over from modern-day Poland just before WWI so borders have changed and I don’t know how many documents are preserved. And do I even want Austrian citizenship? Are any of the citizenship by investment passports automatically inheritable? Might an EU citizenship be worthwhile for the educational opportunities and college savings compared to the US?
You can't buy any real estate in or around Seoul these days.... An okayish appt start around $1 Million. If you want anything better, double that amount. But it's a great place to live and even start a business quite easily
I can't recommend SK as an option unless someone is an ethnic Korean with relatives in the country. Or if you're from China, Vietnam or neighboring poorer countries. If you value privacy and freedom, forget it, SK is at the forefront of the NWO together with China (Jeju is full of Chinese btw). SK under Moon is also very ideologically close to the CCP and reunification with the North is one of their goals. Taxes are also increasing since they are left wing and aim to impose the green new deal. Foreigners are never truly accepted, even if someone has lived there 30 years and learnt the language (not an easy language to learn for English speakers), so few expats stay past 5 years. Not to mention the horrid air quality in the winter.
Korea is not at the forefront of the NewWorld Order or allied with China. It is a democratic country. Many foreigners are accepted. Some are even seen as Korean if they speak like or act like natives and are Korean citizens.
Is there anywhere in Asia to get a second passport if you don't have allot of money? I hear allot of "it's only a 250,000-1.2 million investment" Not everyone has that! No where near it. Is there an option for us with little to no money to invest?
I love this channel. But let’s not forget the lockdowns in SK as part of the pandemic. However, the social contract between the govt and the citizenry is still high there.
I thought you were going to talk about Taiwan's Gold Card Visa program & it's limited pathway to dual citizenship for exceptional people in their field of endeavor.
Hi Fr:overtaxed NYC metro area... I had a childhood classmates from Bulgaria, when I was in an international school overseas...I always wondered about her country, now as an adult, I am looking it up & looking at the cities & real estate costs & lifestyle, pace etc.
South Koreans have one of if not the most household debt among OECD countries. There's a lot of Korean businesses in Los Angeles precisely because they use these businesses to sponsor Koreans who want to migrate to the US under the table for a bribe.
No, there are a lot of Korean businesses in LA because there are just a lot of Koreans in LA. It has nothing to do with sponsoring Korean immigrants. Denmark has the highest household debt to income ratio. Korea is #6.
@@jiminswriter4209 Of course I know there are lots of them living there but their numbers increased dramatically due to investor visas like the E2 or E5.
@@jiminswriter4209 I can remember going to a restaurant in Chungno in Seoul with a very attractive Korean girl and we were refused service. No reason given but obviously because a foreigner is with a Korean girl . That is the real Korea and the coffee is rubbish. I don't think you've ever been to Korea.
Korea? hmmm....Koreans are not very popular in much of Asia it seems...kind of a personality issue? Sure, people will always gladly take their money, but they seem to have a "Reputation"...
The Chilean citizenship has the same perks as the South Korean one, BUT Chilean law does not force you to renounce your original citizenship. That is a big thing to consider.
Hi Fr: NYC metro area... what is the weather like in Chile different times of the year? What is the healthcare costs?
Ya but doesn't Chile tax foreign earned income, like the US, at silly socialist rates?
Don’t believe that’s true about Korea
@@Lawrence_of_Asia Dual citizenship is illegal in South Korea and you must renounce your second citizenship within a year. Furthermore any children you have will be conscripted into service once of age.
@@mela6046 for the health care system I rather love Brazil. It's free
I have lived in Korea three times (about 6 years total). There is a decent quality of life there. The people are genuine. If you like the arts, historical events, museums, even local pubs Korea has it all. Shopping is great, as is anything to do with fashion or getting shoes custom made. People are very proud to have the world's largest bookstore. Education is encouraged and valued. Outside of Seoul it looks like Switzerland....a picture postcard around every bend. Definitely an interesting place. Perhaps I should have stayed:)
So interesting! Thank you for sharing👌
@@nomadcapitalist Thanks! I 'm a huge fan of your channel!
I was in Korea for about 4 months, it's a very livable country and I found it better than New Zealand. It has a mix of the old and new, it felt very safe and because it's a more up market Asian country there didn't seem to be the multicultural clash that some countries now have. It was the sort of place that you could get lost in and just melt into the surroundings, unplug from the west and take a break.
As a Black American Soldier who has lived off and on in Korea for over 6 years, I find it is a hidden gem.
I'm should be retired in about two years time and plan to move back over there to stay asap.
I should have somewhere around $400,000 to take so I might need a company like Nomad capitalist assistance
It's the safest palace I have ever lived I worry about people coming in and trying to change the culture to their own.
From what I've read/heard you won't have to worry, it seems Koreans are a very homogeneous culture and won't stand for foreigners changing things.
@@FlowtnWitWalden You'd be surprised, it is already starting to change because Korea has the lowest birth rate in the world (even lower than western countries). They are already talking about how they will need to overcome this and have multicultural society.
I lived in S.Korea. People can try to change the culture but they won't succeed. Koreans may accept foods or cultural things from other cultures but in the end they will improve it or make it more Korean. Most people wouldn't be interested in this program in Korea as they wouldn't want to learn the language!
1 million Korean Won = 1 thousand USD. You will be very pleasantly surprised at the public medical service system in terms of the top quality and the affordability : )
There is a way to naturalize and keep your home citizenship. You have to fall into a (fairly undefined) special category (high level scientists, athletes, etc) OR... be married to a Korean citizen.
2010-2014...ESL Teacher
2014-2016...Grad school in Seoul
2017-2019...Camp Humphreys
I miss and love that country.☺
If you can master the language, South Korean really does offer superior quality of life.
Debatable. Koreans, although very comfortable economically are possibly the unhappiest people on the planet, they never give strangers a smile and they compete on everything.
@@Andrew-vw5oi I had a wonderful time there. A family "adopted" me to make me feel welcome. I will always be grateful for their kindness.
@@Andrew-vw5oi they are unhappy but they are friendly bruh, japan is quite less warm imo
@@Andrew-vw5oiThey don’t compete on everything. That is a big exaggeration. Work stress is a big reason for the unhappiness, which can be avoided with a decent working environment.
Also, btw, always be on time to any appointment in that culture, even with the execs at the banks. Appointment arrival times can make or break relationships there.
Yes, etiquette is very important there.
THAT SHOULD BE ACROSS THE BOARD IN EVERY COUNTRY! BEING LATE IS TOTALLY DISRESPECTFUL...PERIOD! I HAVE ALWAYS ARRIVED EARLY!
learning the Korean alphabet is surprisingly quick and easy.
I have a daughter in the Philippines so even with travel restrictions in the country I can still get in on a tourist visa and stay up to 3 years at a time.
There’s a point based system (80 out of 120) to get a long term residency F2-7 visa. After 3 years of holding this status u can apply for an F5-permanent resident status . Permanent residents have automatic rights to vote on local elections after 3 years receiving the status! And yasss u can also apply for citizenship! There are a few exceptions for dual citizenship! For instance if u marry a korean u can win the tickets to retain ur own citizenship and become a dual ! Or if u happen to be the expats with merit-based system u have a dual citizenship option this way too ! KIIP (korean immigration &integration programs) offered by government is a free of charge for anyone with the temporary residency who is willing to put an investment on learning the language and integrating into the korean society. Once you complete this program u can claim this certificate towards point based system and ease the requirements , etc . There are a few foreign expats who become naturalized without renouncing their passports ! So I saw these persons on TV as well ! Sadly I’ve seen a few westerners who renounced their citizenships before the dual citizenship policy becomes effective at 2011! To complete this process u must sign a legal agreement form not to exercise foreign citizenship on Korean soil.
Hey I have question I having been trying to find out someone who could help me in getting started on the process with obtaining a f2-7 visa. I still have no clue on where to begin
Marrying for citizenship is a terrible idea if you’re a male. If the country changes its divorce laws to be pro-female, your (former) wife is going to gouge you of your lifes savings. Divorces rates are skyrocketing all across Asia as these countries slowly get richer and more feminist. This pattern has already happened in the USA since the 1960s, it will repeat itself in SE Asia
still better than to marry in America currently though.
China has excellent divorce laws and got better recently
Indonesia probably has the best marriage laws for males (legal to have 4 wives, just divorce the old and marry young teens when you get bored of old ones)
@@valorzinski7423 bruuh lmao
I was impressed with the entrepreneurial spirit all over South Korea, not just in Seoul though. The businessmen are always taking the KTX. The Jeju Hallamong oranges are phenomenal! The food is underrated. The language is easy to learn. 👍🏾
@@tonythaiger93, great 💪🏾
Korean is considered by the U.S. State Dept. to be one of the TOUGHEST languages to learn for English Speakers. LOL
@@SenorJuan2023, Japanese and Chinese are much more difficult than Korean because Korean has less characters. It's more streamlined. Started learning it in 2008. Beautiful language, unique characters. The calligraphy is really nice.
@Tiedemanns Escort Sure ESCORT. 😂
All languages are.
I've lived in Korea most of the last 23 years, teaching at universities. I don't have the $100,000 to invest, but I am considering retiring here (I have a good 10 years before then). It's a nice place to live. Safe, stable, friendly, and beautiful (if you like mountains and beaches!).
It's so beautiful there. Love the countryside.
Nice!
Korea has a inharitance tax rate of 50 % that's we to high i think that Taiwan has better things to offer
With the Samsung patriarch's death uncertainty, they better fix it or the economy would shuffle too much.
IRS can ask taiwan to provide accounts of US citizenship there, there are American submarines parked around the island. getting a third passport would definitely be beneficial especially now they’re making it impossible to renounce US citizenship. I hope enough people renounce it so they realize they need get rid of that fascist citizenship tax!
I have lived in Korea and Taiwan. The people are friendly in both places but for quality of life overall, I'd go for Korea.
@@jwestfalldavis3574 You are so beautiful
@@shuvadeepdey2574 Thank you.
I became a naturalized Japanese national and now I am a dual US/Japanese national. Do not believe the fearmongers on the Internet and instead read the Nationality Act of Japan (国籍法) for yourself. It is not necessary for dual nationals from birth (as well as naturalized Japanese nationals) to renounce/relinquish US nationality in order to keep Japanese nationality. There are no penalties under Japanese law for not renouncing/relinquishing US nationality.
Wow how did you do it?
@@primecreator5257 In the case of nationals of countries such as South Korea, Vietnam, the People’s Republic of China, etc. the original nationality must be renounced/relinquished before final approval of the application for naturalization in Japan is granted (i.e., the applicant naturalizes as a stateless person).
In the case of nationals of countries such as the US, it is not necessary to renounce/relinquish US nationality before approval is granted. While it is requested to relinquish/renounce the original nationality after approval, there are no criminal penalties, administrative penalties, etc. under Japanese law for not doing so, despite what the fearmongers on the Internet baselessly claim.
@@JK_JK_JK so if I move to japan I can get Japanese citizenship and stay an American citizen? Won’t they force you to renounce?
@@Henry-bh2hs Yes. Read the Nationality Act of Japan for yourself. Legally and practically speaking, Japanese nationality cannot be revoked once granted by naturalization, and the status of nationality of another sovereign country has nothing to do with the Japanese government.
South Korea is ultra modern, endless supply of things to do, easy to navigate, and property investments are expensive but solid payoffs. City people love it. If you are a French country side type; not for you.
Is there not plenty of countryside available like Rural Japan?
I suppose with South Korea not suffering a population decline they might be more aggressively farming their rural land....
@@priestesslucy3299 There are rural locations available in both Japan and Korea. GPS and social navigation apps do help live in them. I do speak from experience. But the society is built towards urbanization and industrialization. So any foreigner can just land in Seoul and figure it out. But the further outside the local culture the foreigner is coming from the harder it is to navigate and appreciate.
@@spzaruba5089 so basically a country girl's best bet is probably landing in Seoul, integrating into the culture and then expanding outward to find an area with more breathing room?
@@priestesslucy3299 That is what I would do. But if you have a comfortable grasp on your financial, real estate, and transportation needs then dive right in. Just make sure you have a rollback plan, an exit strategy, and be aware space costs a significant amount of money.
@@spzaruba5089 Yeah I hear that. I don't need a huge amount of space, I could get by on one hectare (as a long term settle down residence) though 2-8 would be the dream.
I don't care if it's an hour away from a major population center lol
I was stationed there in 2001-2002 up north close to the DMZ. Had a blast, there is also a large Russian presence in the Seoul area. We would go off base and take the Korail everywhere. Custom made clothes, cheap food, only drawback was it was EXTREME weather always it seemed. The summers were literally 100 degrees with 100% humidity and the winters were brutally cold and very long.
Hi Andrew can you please consider doing Indonesia topic next time? Thank you in advance for consideration
Interesting. Glad I stumbled on your channel. Alot of similarities in mindset. Headed to Colombia. Going to review more of your content related to that country. Any videos on citizenship in Colombia as an investor?
@@RC94332 thanks for the feedback. I saw that it's 5-10 based on how much you infuse. What's the pain point with the health insurance?
It's not the entrepreneur route but us military has bases in SK. When my hubby was there in 04/05, it wasn't uncommon for soldiers to move permanently, bring their family. Apparently the schools are that good.
american vets have some hospitals where they can use their "vet stuff" - on "Talk Asia" Ytube channel you can listen to a vet in south korea, video " Let's Settle This! Best Country to Retire!"
Foreigners and returnees go to private schools. There are top of the line International Bac schools that rival college campuses in the states.
THANK YOU SO MUCH FOR SHARING US 💙💫🌎
I was there in 2004 one of the best in Asia much better than Japan. In 2030 watch the real Korean emergence, back in 2004 95% people were doing daily things online
Do you understand the Korean language?
Korea is only for those with a viable business plan or those married to a Korean citizen, imho. There's a reason hardly anyone talks about wanting to retire there. Also, the young are trying to escape the ultra harsh work environment that will squeeze you like a lemon if you can even get into one of the 3 options: A government job, working for the likes of Samsung/Hyundai or becoming a successful business owner. There are immigration firms all over Korea where those wanting to leave get matched up with jobs abroad. You can watch this on YT (in the episode I saw, a professional couple was actually selling themselves on a proposed job picking pine cones for $9/hr in the US!).
I've been 3 times & took it off my list, as I found the social problems to be quite pronounced (huge rich - poor gap, f.e.) even to a casual visitor like me, plus also due to the fact that I found out firsthand that the rumors about aggressive drunk Koreans are true, even when you're not dating one of their females. Sure, many don't care about the issues the locals are facing or their attitude (which perfectly lends itself to being a cult member). And if you're there to build a business, why should you? But I found it a bit too much.
Now contrast this with Japan, which has some of the same work environment related problems & I absolutely adore Japan. I have been 7 times & can't wait to go back. I ended up starting a small business by accident selling to a chain of stores in Tokyo (and buying from them to sell back home over the internet). I have even cold called on retail stores in Japan without being able to speak the language - the key is to have what they must have, which happened to be in an area I had been passionate about for years).
Getting long-term residency in Japan is very hard though, the population will continue to shrink & age and there's a multitude of natural disasters that can strike at any time.
@Alex ' It happened on the subway in Busan on my 1st ever visit there. I was confused about my stop and a Friday night drunk guy was all over me. I didn't mind him touching me but he kept grabbing my backpack & I told him to stop 3 times. He did it again, I yelled to show that I meant it and to embarrass the guy/call attention to his behaviour, then went into the next car.
When I got off, a different person apologized, which was nice.
To put this into perspective, I have been to almost 30 countries and lived in half a dozen. I have been to every country in SE Asia at least once (some a dozen times, like Singapore, Thailand & Cambodia - where I just moved to last year), except the Philippines & Brunei. I have never ever had a problem with getting harassed in public in Asia before in 26+ years of traveling there.
@Alex ' There were also anti-Japan messages displayed inside the subway trains in several languages (something about disputed islands), which I found a little off putting. And my very first visit coincided with the removal of their female PM Park Geun-hye in 2017 (who ended up w. a 25 year prison sentence!). I was lucky her supporters didn't start a riot, which Korea is famous for, and I could catch my flight to Tokyo the next day. Another strange thing was supermarkets closed on certain Sundays of the month, as I encountered in Busan. I may be wrong but I attributed this to the strong Christian influence in the country.
However, where I prefer Korea over Japan is in the area of food plus as an Onsen lover Hurshimchung spa in Busan is the greatest Onsen I've ever been to, save for the one in a forest next to a stream in Kanchanaburi province in Thailand.
One country I discovered too late in life is Taiwan. I really like it there.
I had a totally different take away from my experiences in Japan and Korea. I was not really into the drinking scene in Korea. Japan was just too, too expensive. (But it was pretty, not practical). Yes, I found Korea very male dominated: Everything was functional, not aesthetic in Korea. I wonder if my view was slanted from more of an academic bent??
@@spinalcrackerbox The supermarkets closing is actually a government program to help small businesses. Most small stores are open every day and those 2 Sundays they don't have to compete with the chaebols.
@@jwestfalldavis3574 pretty spot on!
You once said that Japan has good real estate opportunities. Maybe you could do a video on Japan. I know it's not a place you want to be tax resident, but it's a country I'm very interested in otherwise.
I love Asian tigers especially Korea and Taiwan. Great video
Super country though i simply found it too expensive to live in, unless you have a specific reason to be there it probably doesn’t tick enough boxes. Lovely place but certainly not one of the “playgrounds”
The average Korean salary in 2011 was 18k/year. Housing is included in many jobs there because key money is high to discourage singles from living on their own. While there are golf courses and pubs one has to find their own tribe there. If you are lucky a Korean family will "adopt" you and take you along on hikes, etc.
@@jwestfalldavis3574 key money?
@@jwestfalldavis3574Key money is high because of eviction laws. It is not always easy to evict a tenant and there are a lot of legal costs to do so. It has nothing to do with singles.
I was also in South Korea fall semester of 2013 and yes it's better before the end of November.
They have the highest inheritance tax rate in the world as far as I know 50%!
Yes, and that applies to anyone with 500K which is a lower middle class in Korea.
God I miss korea 🇰🇷 😢 Camp Casey 2010-2014....
This is exactly the kind of channel I was looking for 💯🗝
Andrew, I am Korean national, enjoying your show here in Seoul. I like your idea of having options. If anyone's interested in living in Korea, it is all good but, one thing though, watch out the current administration.
@@heyu7307 Very much to the left.
@@heyu7307 It raised the max. tax rate of the highest income bracket from 42 to 45 %. this year, also raising property tax case by case. This might affect you if you are working as an employee in Korea. If you are supposed to run a business or invest in businesses, this might not apply to you. But overall, it is not tax-lowering government.
South Korea* he is talking about the country in the south of the Korean peninsula.
@@dr.winstonsmith As a citizen in Korea, I want reasonable and friendly people around the world come to Korea, do buisness together and share benefits by contribution. As all others, Korean people have different spectrum of politics, not all Korean people support the current administration. They lost public support recently, two recent polls suggest the current government have below 39% approval rating.
I lived in Korea from 2003 until 2011. Wish I could go back.
Superb article dear sirji. Plzz keep it up
I m ur fan
Korea is a great option. lived in Seoul for 5 years. High standard of living for a affordable price compared to US.
Its a country I planned to complete a masters qualification in at some point and which I am slightly nuts about as i love their history and culture not to mention how far advanced their technology is ....and yet id never in a million years choose to live there permanently nor would i pick a citizenship. Its a tough country to live in due to cultural differences, attitudes towards women or anyone who doesn't fit the mould. Like any country they have their problems .. neighbours up north being one. I could see myself living there for a year - maybe two tops, i ve friends who did live there and its about as much as they could take before needing to recharge bk home.
It is an acquired taste. But while you are in Korea, explore China, Japan, Thailand, Malaysia, and the Philippines. It's all good.
Confused. So even if you invest 500,000 in SK Real estate.. Still not allowed dual citizenship?
Many countries don't allow dual citizenship.
it depends actually
@@mercy2409 care to elaborate?
It's been two years, no-one has answered this question still 🙋🔥🥲
I worked in Incheon with a subsidiary of a major US corporation for 6.5 years (2000-2006), then again later on for another western company (2014 thr 2015). Nice contracts, overall, and the country has its points and aspects of interest, but...hangul mandatory classes? Thanks, I pass. I’ll stick to your Caribbean CBI suggestions. St Lucia and Antigua look nice. 😎🍸
Hangul is considered the easiest alphabet to learn (it's phonetic and I learnt it in a week), so if that's what's holding you back you should reconsider ;)
@@eifosness hangul is really easy, it took me less than an hour to learn to read it, the sentence structure is what most americans have a hard time with and that only gets easy with practice.
The top three to retire expensive in Asia: Hong Kong - China, Tokyo - Japan, and Singapore. Enjoy it!
Not a huge fan of Seoul I wish I could see more of korea but I felt it was slightly homey some how. Also Korea is a lot cheaper than you think.
This was a good one coach
Yeah what's not to like about conscription for my kids?
Don't they have much higher taxes than SG/HKG?
7% income taxes in 2011 last time I checked. Considering their military situation and fantastic national health system that s not very.
Super interesting, fantastic
Andrew, is South Korea a Tax Friendly Country?
you go! so flamboyant in this episode
I don't need to go South Korea. Is so many Korean people in Angeles City/Clark ,Philippines area.. Especially They have plan to build Big Korean Town in New Clark City, Philippines. 🤓
For Westerners like Americans and Europeans, u guys still find South Korea amazing. But for us Filipinos, going to South Korea is same as just going to Japan, Singapore, HK, Malaysia, Taiwan, etc..
It's amazing compared to the philippines
Man I love South Korea 🧡 Japan too!
I'm from South Korea. XD I love this video!
Very interesting. True it's hardly spoken about. The only thing is that we'd have to renounce other citizenships. But all other conditions feel very reasonable for a country like South Korea. Excellent post
Korean dual nationality has a price of military service which is cen Overseas Korean men opt out of dual citizenship due to their unwillingness to do military service.
Great nabours in South Korea 🇰🇷 👏 👌
Does anyone know what the specifics are regarding the language classes?
I want to preserve or increase options for my very young children to have escape routes. I’m am looking into Korean citizenship as my mom was born there and emigrated to the us in 1975. The other side is more complicated as they came over from modern-day Poland just before WWI so borders have changed and I don’t know how many documents are preserved. And do I even want Austrian citizenship?
Are any of the citizenship by investment passports automatically inheritable?
Might an EU citizenship be worthwhile for the educational opportunities and college savings compared to the US?
Do I need to serve the military if I am at the military service age?
Isn't Vietnam a better value with more potential?
The infrastructure is not as good. Things are cheaper, but the quality of life is not as high. Electricity is not as stable.
North Korea's nuclear weapons are not really pointing toward the US, it's pointing at the South.
Do not forget the artillery and bio weapons.
Woah i was just today searching on RUclips for PR by investment in South Korea.
I learned Korean in the Army (DLI) but never been. Thinking about a permanent move.
Go Where You're Treated Best...
you mostly never talk about social issue, but as a nomad capitalist we could understand u.
You can't buy any real estate in or around Seoul these days.... An okayish appt start around $1 Million. If you want anything better, double that amount.
But it's a great place to live and even start a business quite easily
Great content. Thanks. Any thoughts or rumors about COVID-19 passports?
New arrivals go to a quarantine hotel for a month.
@@jwestfalldavis3574It was two weeks.
Never knew this info on skorea..
Can you call template temperature South Korea? Is that true?
I can't recommend SK as an option unless someone is an ethnic Korean with relatives in the country. Or if you're from China, Vietnam or neighboring poorer countries. If you value privacy and freedom, forget it, SK is at the forefront of the NWO together with China (Jeju is full of Chinese btw). SK under Moon is also very ideologically close to the CCP and reunification with the North is one of their goals. Taxes are also increasing since they are left wing and aim to impose the green new deal. Foreigners are never truly accepted, even if someone has lived there 30 years and learnt the language (not an easy language to learn for English speakers), so few expats stay past 5 years. Not to mention the horrid air quality in the winter.
What is wrong with ending a pointless conflict? Korea needs to unite and benefit many Koreans
@@qjtvaddict if/when the Kim dynasty falls that may be possible, otherwise the South will be ruled by the fat one (with China pulling the strings)
That is just bs. Seriously? Same as China?
Korea is not at the forefront of the NewWorld Order or allied with China. It is a democratic country. Many foreigners are accepted. Some are even seen as Korean if they speak like or act like natives and are Korean citizens.
what about Japan?
everyday earthquake....
japan is hard af to buy ur way in
Do u work around immigration issues as well .
Yes.
Andrew Henderson, "No matter fact, You looks like a South Korean."
Is there anywhere in Asia to get a second passport if you don't have allot of money? I hear allot of "it's only a 250,000-1.2 million investment" Not everyone has that! No where near it.
Is there an option for us with little to no money to invest?
Watch this: ruclips.net/video/bBUMQq-zfOY/видео.html
Singapore...is the best in Asia
I love this channel. But let’s not forget the lockdowns in SK as part of the pandemic. However, the social contract between the govt and the citizenry is still high there.
South Korea never had a lockdown.
I thought you were going to talk about Taiwan's Gold Card Visa program & it's limited pathway to dual citizenship for exceptional people in their field of endeavor.
We want to see ya, in a Kia:)
Let's talk about the hidden gem of eastern europe.. Bulgaria
Agree. Still a hidden gem. Burgas is awesome. Greetings from BG, Serbia
Hi Fr:overtaxed NYC metro area... I had a childhood classmates from Bulgaria, when I was in an international school overseas...I always wondered about her country, now as an adult, I am looking it up & looking at the cities & real estate costs & lifestyle, pace etc.
I have only heard good things about Bulgaria.
Ty 😇🌈🌹
You're looking extra sweaty today Andrew!
❤❤
Yes but what about being so close to North Korea? No worries?
What
What am I doing watching this? I’m poor haha
Language? Cultural integration? Passport on its own means little
❤
Not sure South Korea's neighbour is very friendly.
Singapore.
BLACKPINK ha ha
South Koreans have one of if not the most household debt among OECD countries. There's a lot of Korean businesses in Los Angeles precisely because they use these businesses to sponsor Koreans who want to migrate to the US under the table for a bribe.
No, there are a lot of Korean businesses in LA because there are just a lot of Koreans in LA. It has nothing to do with sponsoring Korean immigrants. Denmark has the highest household debt to income ratio. Korea is #6.
@@jiminswriter4209 If it's at #6 then I'm right coz I also said one of.
@@jiminswriter4209 Of course I know there are lots of them living there but their numbers increased dramatically due to investor visas like the E2 or E5.
Dear White people: Stop mispronouncing it Hun-dye. The CORRECT pronunciation is Hyun-dae. It isn't ha-Yun-die, either.
I lived in South Korea for a couple of years, they are exenophobic/ anti foreigner and the coffee is dreadful.
A few are xenophobic. The coffee is among the best.
@@jiminswriter4209 I can remember going to a restaurant in Chungno in Seoul with a very attractive Korean girl and we were refused service. No reason given but obviously because a foreigner is with a Korean girl . That is the real Korea and the coffee is rubbish. I don't think you've ever been to Korea.
I wouldn't move to South Korea even if they offered me free citizenship.
Then, don’t. The permanent residency card has actually been popular recently.
Korea? hmmm....Koreans are not very popular in much of Asia it seems...kind of a personality issue? Sure, people will always gladly take their money, but they seem to have a "Reputation"...
Actually, Koreans are very popular due to the Korean Wave, etc.. They have a great reputation for the most part.
What is on his mouth?