Absolutely correct, one has to relinquish the Indian citizenship after acquiring the foreign citizenship. Overseas citizenship isn't a jewel citizenship, it's just a green card/PR
That’s not a big deal u need ocr and u can buy any property except agricultural land and if U inherit any from your parents etc that’s ok too. So no problem at all.😊
Thank you Andrew for being real. Please make more informative videos on this. There are many Indians with cash in banks looking for a better lifestyle in a different country.
@@steveg6512 It is very niche because out of these 1.2 billion, how many of them are even watching Andrew's videos and how many of them are considering second citizenship at that level. Most of his viewers are from the west so it is very niche.
I, like you, dont KNOW how many Indians watch. They have a rather unappealing tax system, and more than their fair share of wealthy people. I see lots of comments from people with Indian sounding names. I guess Andrew does too, hence the video. Hot tip: Just because you think something does not make it a fact.
Lets not go in to the caste system and who more racist than who. All I am saying is that "The Single Dad Nomad" is somewhat to right to say this a niche video. Nomad Capitalist has mentioned before, that most of the demographics of his viewers are from the west. Thats it. I was responding to your snarky comment: " 'very niche' Just a population of 1.2 billion." If you know who watches Nomad Capitalist you wouldn't make that comment.
Thanks for considering Indians. Had been following you for so long! Finally you're covering this much awaited topic. Hope to get in touch very soon with your team. Thanks.
Well, most content creators in the English language primarily target English-speaking audiences and Europeans. Nomad Capitalist pretty much assumes you're from a Tier A country. Don't you have content like that in your language, like Hindu?
@@alexvig2369 Hey man! Appreciate your curiosity, It seems the other person is just not active - So I'll hop in and reply for him, Since I'm an Indian too. Well we have few people who talks in these topics but not exactly like nomad caps. Also just a correction - It's Hindi (People tend to misunderstand that.) Hindi and Hindu are both different things - Hindi is the language and Hindu is a religion. Hope that makes sense.
@@sagar-kx thank you for the correction! I'll remember it. Different countries have different needs. When I look for information about visas and passports, I do it in my native language (from Europe) because the information I find this way is from people from my country and their knowledge and experience. Nomad Capitalist very clearly targets westerners who make 7-figure incomes. Even for me, I'm just out of scope for his services - I'm not at that income level. I just listen to his videos because they're informative.
I have a Portuguese name. I look Indian. I have a UK passport and cockney accent. That blows the minds of Gov't staff and bankers. Andrew says go where you're treated best. I chose winter in Dubai and summer in Tbilisi
I think getting a second citizenship as a visible minority is always trickier. You have to also look at the perception of the local population towards you as well, because racism does reduce your quality of life just on an objective basis.
Great to see a video specifically on India & Pakistan. India doesn't allow dual citizenship but these options are useful if someone is willing to give up their Indian citizenship as they work to get the new one.
I couldn't agree more with you that where you are treated best depends, as well, on your race and religion. This is a very important point which, it seems to me, you do not deal much with on your videos - but this is a delicate subject and I understand your point. Excellent job with your videos, bravo!
Problem is India doesn’t allow second citizenship. I was hoping you mention that. Lot of Indians confuse OCI program with second citizenship. OCI is basically glorified multiple entry Indian visa, which is useless at the moment because of COVID. Also moving money out of India is a night mare. Hope they relax rules. And people wonder why so many rich people leave the country.
Thats not it Bhai. The main trouble people face is from Bureaucrats, a friend of mine was quite well off he was a carpet exporter. He exported about 25 crore($3.5 million) of carpets a year. But once a tax inspectors got after him all hell broke loose. They trapped him pending tax case owed by his grandfather. The amount owed was about Rs 10,000/- and with interest and other penalties it grew to be 35 crore($7 million). But as the tax officer was empowered the statue of limitation was quashed ad he even lots the case in tax tribunal in the end he lost everything is now working as an insurance salesman. Now the new finance bill is going to be a nightmare as people holding indian passport will be taxed on the basis of citizenship rather than residence.
@@greatindiandreams Bhai you are not right about the finance act. I have studied it carefully. It just tightens the rules from before, it does not exactly have anything to do with citizenship. If you are a non-resident Indian AND your taxable income from India is above 15 lakhs, you must not stay in India for more than 119 days, otherwise India will consider you a resident and you may be taxed on global income. Furthermore, if you are not considered to be a tax resident of a foreign jurisdiction AND your Indian taxable income is over 15 lakhs, you may be liable to be taxed as a resident of India. So for example, if your Indian income is 30 lakhs a year and you live in Dubai, according to UAE law, you must live in UAE for 183 days to be considered a tax resident. Therefore if you live in UAE for 200 days and India for 100 days and your Indian income is 30 lakhs, you will not be liable to tax on global income in India. Only Indian income in that case. Suppose you don't have much taxable Indian income at all, you are allowed to live in India for up to 182 days and you do not have to be a tax resident of any other country in that case, India will not tax you.
@@shree711 Thanks for the explanation. I had a word with my tax lawyer. Citizenship Based tax is not currently active but a cabinet draft note is in circulation. It might come into affect but i pray it does not come into affect other the amount of capital flight will be off the charts.
@@greatindiandreams If citizenship based taxation comes to India, unfortunately, I will leave Indian citizenship the next day. Maybe it will be the start of freedom for me.
Hi Andrew, I am a Balinese I own reak estate and doing real estate business in Bali. Indonesia can't get dual citizenship, unless I got to renounce my citizenship then I will lose my freehold ownership(by law). Indonesian passport is weak. I think European Golden Visa + APEC card might be the best option for me.😊
Correction: Many of us in the US are upset about *illegal immigrants* from any country. The focus is on Mexican and Central American nationals cutting in line because they are coming in the largest numbers. Considering that Andrew touts the importance of doing things legally, one would think he'd understand the real issue. Racism in the US is overblown by politicians and the media because they can gain more money/power by dividing us.
Great video topic, especially with the quantity of Indians in the world. Always interesting to watch these type of videos! Another potential topic in the future is the best citizenship for Russians.
Very informative video Andrew, thank you for sharing your insight. (India doesn’t permit second citizenship, one will need to forsake Indian citizenship to gain a new one)
South Asians, especially Indians and Pakistanis will be migrating off to a better living standard country in large numbers in the coming years, Next will seeing alot of Indians fleeing. Situation at home is to blame.
You can't really put Indians and Pakistanis in the same category. And if I am not mistaken, India law doesn't permit dual citizenship and having two passports.
arijit.dodul Typical western institutionalised racist bias by westerners i.e. Andrew guy, while bracketing Hindu India with Islamic Pakistan and Bangladesh.
If any Indian surrenders his Indian passport after accepting, a foreign citizenship / a foreign passport, the said Indian is eligible for, an OCI card / a PIO card, under, PIO scheme / OCI scheme, of government of Bharat. An NRI holding a foreign passport is given this type of card if he applies for it with Bharat's MEA. A PIO card / An OCI card, bars, a foreign passport holding NRI, from buying agricultural land anywhere in Bharat. A lot of restrictions are placed on foreign passport holding NRI's.
@@expertonionyou know the reason behind it?Obviously you don't Let me erudite you. India is susceptible to terrorist attacks which deem to happened in many unfortunate numerous event. The situation is soo deride that India rank 8th on the list followed by war prone islamic and African nations.
@@whatever-fz9rd that’s not the only reason dumba$$ there are other reasons like indians are generally poor. Have bad immigration records and reputation.
I am from Bangladesh, I am a freelance software developer with foreign clients, I love to move turkey + Portugal with my wife, how to get temporary residence legally in Portugal?
I see Serbia mentioned a lot on Nomad Capitalist. I was wondering if you would recommend residency by investment in real estate in Serbia (and citizenship by naturalisation, eventually) to folks in India who are interested.
Yes. Serbia is a great place for that. Good passport, good country to live in as long as you have enough money, well connected. Very welcoming. People speak English in all major places.
Althogh am a fan of your content Andrew. Indian Citizens arent eligible for a second citizenship unless they give up their indian one according to our consititution. So only way is to get an Overseas card (OCI) and get a citizenship with the ways you mentioned. So not second citizenship
YES! Good to see this video. I've been saying for some time. You need to target the NRI community. It's huge. Of course the fundamental issue is that second citizenship is not permitted so renunciation is the only way. You would have to get citizenship in another country and then one more after that for a "second citizenship" However after you renounce you can get OCI which allows you unlimited travel to India and the ability to invest and do anything except vote and buy agricultural land. Some Indians do participate in Citizenship By Investment programmes. You won't hear about it much if they don't get a high profile for some financial crimes like a gentleman named Mehul Choksi.
bro ur awesome...even i wanted to change citizenship, but was worried as no dual citizenship allowed....now i can as you said take second citizenship and then use oci cards for indian investments
@@indidesitourer585 Yes that is correct. If you live abroad and you want to change your citizenship, you can try to get citizenship in the country of residence or if that is not an option, go for a Caribbean country. Then you must renounce Indian citizenship after you get it and then get an OCI card which is lifetime unlimited travel and permission to live and work in India. If you want to continue living in India but you want to change your citizenship, there are some reasons you may want to do this: 1. More visa free travel to countries than the Indian passport. 2. More residence options 3. A chance to escape India in case something goes wrong.
@@hmmm....1910 You can have 10 citizenships of other countries and OCI of India. Why not? But remember, you cannot be a citizen of India if you take even 1 citizenship overseas.
Great Video! Turkey, Jordan, and Egypt are good passports for Pakistani investors. Same religion. And they might be able to establish a business. I might even, although a little hesitantly, venture to say that Malta is a safe passport for both India and Pakistani investors. You Never Know
Overseas Citizen of India is not a proof of Indian citizenship. Basically, it's a kind of residence permit with a lot of limitations, prominent ones being, not allowed to vote, not allowed to contest political elections, not allowed to buy agricultural land, not allowed to apply for government services. Overseas Citizen of India residence permit card / Person of Indian Origin residence permit card, is only given to Indians who have renounced their Indian citizenship and thereby surrendered their Indian passport to the concerned Indian authorities after obtaining a foreign citizenship and passport.
@@kartikkay4729 yes so what? just do it renouncing Indian Citizenship is not a problem getting the Citizenship of most 1st world countries is still a bit difficult though .
The main question is - Does india accept dual/second citizenship ? As far as i know it does not. I don’t understand the point of this video unless you want to give up on indian citizenship. 😕
Why that law? It's a non-sensical law, honestly who does it benifit? India is still in the stone ages if it thinks dual citizenship is some kind of threat to it's government. Also such a backward thinking is unhealthy for development. 🍷
I am glad this law exists. It's your problem if you are ignorant. Pretty much says everything about your "informed" thinking LOL Stone ages? India was far ahead of when the world was still living in the Stone Age. Let's see if the Western civilization survives for as long as the Indian civilization has. It's one thing to criticize the current government or policy and another to make such a blatant ignorant comment about the country. I am frustrated about many things about our country but from cultural and historical context there should never be dual citizenship in India. Greed shouldn't trump wisdom. We can think about global citizenship when the world can handle such a thing@@evm6177
The constitution of India doesn't allow to simultaneously hold two citizenships, you are either an indian or you have to renounce it in order to become a citizen of another country.
Why that law? It's a non-sensical law, honestly who does it benifit? India is still in the stone ages if it thinks dual citizenship is some kind of threat to it's government. Also such a backward thinking is unhealthy for development. 🍷
Thanks for information. Can you please able to make video on Czech Republic. I am currently studying here and planning to switch to Business Visa if everything went as planned. Is there any so called "Innovator Visa" as In the UK for Entrepreneurs. If so, It would be great for company start up,I am looking forward for your response. I just subscribed. Keep going ❤
*What are you even talking about? India does NOT allow dual citizenship, just like mainland China. So any Indian citizen who takes up a citizenship of another country, by law, they have to give up/surrender/renounce their Indian citizenship. IT IS THE LAW.*
Many laws are broken/bent everyday. Many laws are made taking after the judeo-christian commandments - very inflexible, and not very useful to live life. The Indian govt is also similarly designed - the machinery isn't really indian, just the robots operating it are. Because of these reasons, it's very difficult to respect indian law. Most of India is run without law and without enforcement/judicial involvement, and it mostly works.
For a South Asian doctor, to practice their profession in the European countries they may need to overcome the language barrier. Considering that, which country in the EU would be the best? Is learning the language and then moving worth it or one should go for investment directly?
Additionally I believe learning German, Spanish, Russian, Portuguese, French, Greek, Turkish, goes a long way. Learn to 'blend in' for your destination country. For me, as I am considering Latin America, I have learned to 'blend in' and pass as a 'local'....at least socially if not legally. Same for my wife.
What about Malaysia and Singapore? What is the issue with these? For Indians who make capital gains on foreign (say US) stocks, aren't these better? The one issue is these countries don't have estate tax treaties with the USA so the US estates of individuals who are residents of these countries are subject to a hefty estate tax of 40% over $60K when these individuals die. But this problem would exist with most of the other recommended countries as well since the USA does not have estate tax treaties with them.
Inter vivos transfers, assuming that property owning isn't by then abolished under the not so great reset as described on the World Economic Forum website.
As an Indian, I'd consider either UK or Mauritius to live a tax free life as well as not face cultural difficulty because many Indians are already living in these countries for a century, the UK has lot of best tax haven islands which are very popular amongst Indian tax evaders haha (Indian govt calls them 'Fugitive Economic Offender', sounds similar to fugitive slave act)
@@karanchandnani8169 UK has bunch of tax haven islands thats why most Indians tax evaders go there, although officially UK has crazy high taxes, but rich people can utilise the loopholes of this system especially via investing in those British Overseas Territories (search abt it) and also read abt how UK's Ex-Chequer Rishi Sunak's wife who's also daughter of Infosys founder avoids paying taxes and they're one of the richest families living in the UK, Rishi being the wealthiest MP in the British Parliament.
@@indobalkanizer6557 ok, so you are speaking about Cayman Islands, British Virgin Islands and Bermuda. Not worth going there unless you're a millionaire. Believe me, I have lived in Costa Rica and Bahamas. Mauritius is 15% flat tax rate. Unless you buy properties and stocks and crypto for long term, and make profit after selling. That profit will be tax free. But there are far more easier and cheaper ways to live tax free.
@@indobalkanizer6557 1) Open a company in Sharjah and mange it from Thailand. Stay out of India for more than 182 days and you will be an NRI. Open an NRI account in India, transfer all your profit in Indian account. You will be taxed in Thailand for the amount you have remitted in Thailand, rest all will be tax free in India, Sharjah and Thailand. If the amout that you have remitted in Thailand was earn previous year than it will be tax free in Thailand too. 2) Do every thing same and live in Bali. They will soon have Nomad visa for 5 years, foreign income will be tax free. 3) Open a company in Sharjah, stay out of India for more than 183 days, doesn't matter where. You can just go anywhere and all your money will be tax free. This way you will be able to live 180 days in India, 180 days anywhere in the world and 5-6 days in Sharjah.
Just wanted everyone to know that Cyprus has been acting a bit too pricey lately. Their citizenship by investment costs two million euros with several hundred thousand euros thrown in as miscellaneous expenses. With that kind of money why would anyone go to Cyprus of all the places. Cypruswa ke bhav barhal hai.
Thanks for the great content! Do you think as an indian would Latin America (mainly Mexico) be a good choice for retirement considering similar cost of living and lower inflation rates (compared to India). Although not sure how would an indian be taxed on his foreign income in Mexico as a resident. Can you please share your thoughts on these aspects ? Thank you
Yes, I think. You may want to consider residency in Panama, Costa Rica, Ecuador, and Peru too in addition to Mexico. Latin Americans are very friendly people and the weather there is similar to yours. I don't know about the tax situations, which you need to contact directly a consultant for advice. All the best!
Depends what you are looking for. If there is no intention to leave South Africa or say you are an expat living in Dubai a Caribbean CIP program would be the way to go to improve visa free access. If you are planning to leave South Africa then it depends on where you want to live. Lots of South Africans have gone to Portugal.
USA have more than 4 million Indian citizen. UK have around 2 million. not counting students. pal! topic is good but stop chanting USA USA South Asians can get citizenship wherever they want.
hello, you should check the oportunities in Uruguay also. Now they lowered their requirements for getting the fiscal recidense: you need 380.000 dollarrs in real state and to stay at leats 60 days per year
I live in Kuwait. You need to get a company to hire you. Many Indians are working here, but with Covid, I expect there to be fewer opportunities. Kuwait has stringent immigration laws, which means you can be a resident but never become a citizen.
I think UAE has better and streamlined options to move into their country. U don't even need a job or a sponsor. And no language limitations...its like mini india!
I don't think it's about race but perception of the country. I doubt Emirati citizens are gonna suffer the same problems that Pakistani citizens do. Yet to most westerners they look the same
I never understood the systemic racism toward South Asians. Especially those that emigrate from the motherland, they are some of the most industrious, entrepreneurial, and law-abiding people of the world.
There is 'racism' but have yet to encounter it personally in my time in Latin America. I have always been treated well. Then again, I acquired Spanish language skills, and have learned to 'blend in'. I apparently have learned 'to pass' as a local...
@@VishalRaoOnRUclips great countries. Would love to visit them. I have been to Argentina, which borders both of the countries you mention. Chile is Latin America's equivalent to California these days. Uruguay is perhaps more like Switzerland as far as economy.... banking. Both of these are among the most developed countries in South America. Spanish language is a must. They are also perhaps among the least corrupt. If you can deal with a small population, and export oriented economy, these are the places. You perhaps really need to be entrepreneurial to be successful here. Chile loves entrepreneurs, going so far as to remove obstacles for techies to setup shop there.
@@VishalRaoOnRUclips I would venture to add Colombia or Ecuador to the mix... though entirely up to you. Colombia, while not the same economically as Chile or Uruguay, is a really nice country, and a diamond in the rough for many things. I saw opportunity on the ground when I was in Bogota in 2018. Not an ounce of racism encountered by my wife or I (American male of Indu background, and a female of Vietnamese background). Of course, use your head, know the language, and dress like locals.
Additionally, I would consider Mexico when it comes to Latin America as far as 2nd citizenship and residence. My focus for residence in Mexico would be Jalisco (Guadalajara and Puerto Vallarta), and Mexico DF (CDMX)....maybe Merida and Cancun. I have been to Baja and specifically Baja Sur. The Cabos are 'okay', but for me, they are too much of a 'party town'. I like something a bit more quieter. I don't need the bars and related.
Brits already have a good passport so don't need to go visa free hunting. If you want to regain your EU citizenship rights Cyprus or Malta by investment would be the way to go if you are rich. If not the long game (5 years naturalisation) would be Ireland as you still have the right to live there. If it is simply 'plan B' quickly a cookie cutter CIP in the Caribbean or Turkish real estate investment. I actually suspect the amount of Brits retiring to Turkey is going to sky rocket due to Brexit when it dawns on Brits they now have to invest 500k into property in Spain just to get residency.
@@bennyboysanctus Ireland is not that great for naturalising as if you live outside of Ireland for any signficant period of time you would have to notify the embassy or face loss of citizenship. Also if you aqquire any other citizenship through any other means apart from marriage you will also face loss of citizenship. Not a solid citizenship. Good to probably get as a last passport.
@@taj-sid How many naturalised Irish are stripped of their citizenship? What is in the law is hardly of any consequence as this part of the citizenship act is basically never exercised. Also we are talking about a Brit who would have a high chance of applying under "Irish association" and therefore not be able to be stripped of Citizenship anyway. Plus as a Brit Ireland is the only country he will be able to automatically live in once free movement ends.
Hah, no such places. r/LockdownSkepticism - nearly every western country was affected by this, and they locked everything down. But generally speaking India even with the huge second wave is still below the US and many other countries in terms of per-capita infections.
@@rrsk88_farming I think it's institutional lethargy. Unwillingness to change of the people, and thus their organizations/govts But IMO there's still significant hope, pace of innovation is accelerating and western democracies would be the first beneficiaries of it
In India the tax is 42% I am an Indian looking for a country with 0 Tax with decent passport from which I can travel to counties where I cannot travel with Indian Passport (like Pakistan) Is there any country in Europe where there is No or very less tax both Personal Income Tax and Corporate Tax
I recently found Ur Videos...n Going through Almost All of it... Found this One... Ur facial Expression, Ur Body Language was so Different in This Video and Kinda very Totally Uncomfortable... But U Dared to Speak the Truth...n that is the Treatment of 3rd World Country n Racism for Indian & Pakistani. Skin-Color Superiority. But As U again rightly said, it is about the Person who is behind the Desk makes a Decision n They've All their Judgements to make a Decision n After All it depends Upon their Upbringing n Overall Work Ethics. I think in the End it is All about Luck-factor n All the Great Deeds will define the Citizenship Call :-)
Indians and Chinese are every where..I really appreciate you taking about our country....
Indian and Chinese together make up 300 million people nearly even if you don't count the diaspora 😀😀!!
So naturally they are everywhere
@@kamakshijolly4156 not 300 million but close to 3 billion
1.38 billion Indians 1.45 billion Chinese
@@zamanasif5766 He meant 300 million OUTSIDE of India and China. I think, not sure.
India does not offer dual citizenship
After getting another we have to redeclare indian citizenship and get recidence permit for our property
Indian overseas citizenship?
@@someonesomeone313 that's not exactly citizenship
Absolutely correct, one has to relinquish the Indian citizenship after acquiring the foreign citizenship.
Overseas citizenship isn't a jewel citizenship, it's just a green card/PR
That’s not a big deal u need ocr and u can buy any property except agricultural land and if U inherit any from your parents etc that’s ok too. So no problem at all.😊
You will become “person of Indian origin (POI)” once you get citizenship of another country. It is step ahead of NRI.
Thank you Andrew for being real. Please make more informative videos on this. There are many Indians with cash in banks looking for a better lifestyle in a different country.
I agree with that.
agreed
Really thank u for making a separate video for us
Very niche video today, I'm sure this will help a lot of Indian folks! Good luck on your travels people!
'very niche' Just a population of 1.2 billion.
@@steveg6512 It is very niche because out of these 1.2 billion, how many of them are even watching Andrew's videos and how many of them are considering second citizenship at that level. Most of his viewers are from the west so it is very niche.
I, like you, dont KNOW how many Indians watch.
They have a rather unappealing tax system, and more than their fair share of wealthy people.
I see lots of comments from people with Indian sounding names. I guess Andrew does too, hence the video.
Hot tip: Just because you think something does not make it a fact.
Lets not go in to the caste system and who more racist than who.
All I am saying is that "The Single Dad Nomad" is somewhat to right to say this a niche video. Nomad Capitalist has mentioned before, that most of the demographics of his viewers are from the west. Thats it.
I was responding to your snarky comment: " 'very niche' Just a population of 1.2 billion." If you know who watches Nomad Capitalist you wouldn't make that comment.
TAJ SID trust me there are many ! Have a good one ! :)
Thanks for considering Indians. Had been following you for so long! Finally you're covering this much awaited topic. Hope to get in touch very soon with your team. Thanks.
Well, most content creators in the English language primarily target English-speaking audiences and Europeans.
Nomad Capitalist pretty much assumes you're from a Tier A country. Don't you have content like that in your language, like Hindu?
@@alexvig2369 Hey man! Appreciate your curiosity, It seems the other person is just not active - So I'll hop in and reply for him, Since I'm an Indian too. Well we have few people who talks in these topics but not exactly like nomad caps. Also just a correction - It's Hindi (People tend to misunderstand that.) Hindi and Hindu are both different things - Hindi is the language and Hindu is a religion.
Hope that makes sense.
@@sagar-kx thank you for the correction! I'll remember it.
Different countries have different needs. When I look for information about visas and passports, I do it in my native language (from Europe) because the information I find this way is from people from my country and their knowledge and experience.
Nomad Capitalist very clearly targets westerners who make 7-figure incomes. Even for me, I'm just out of scope for his services - I'm not at that income level. I just listen to his videos because they're informative.
I have a Portuguese name. I look Indian. I have a UK passport and cockney accent. That blows the minds of Gov't staff and bankers.
Andrew says go where you're treated best.
I chose winter in Dubai and summer in Tbilisi
@@aryannahar fantastic. Georgians are very friendly and the food is sublime.
True biharis in India need to understand this.. Work hard get rich and move out and later on come back and get independent bihar
@@kumarmanjeet6704 😒
I think getting a second citizenship as a visible minority is always trickier. You have to also look at the perception of the local population towards you as well, because racism does reduce your quality of life just on an objective basis.
I agree
I am indian. Sir pls come to point quickly.🇮🇳
Great to see a video specifically on India & Pakistan. India doesn't allow dual citizenship but these options are useful if someone is willing to give up their Indian citizenship as they work to get the new one.
I would love to get a Swiss citizenship. Although its a decade long process,i simply love the place.
why
The moment you thew in Pakistani in the intro, I knew you were a true professional and inclusive.
I couldn't agree more with you that where you are treated best depends, as well, on your race and religion. This is a very important point which, it seems to me, you do not deal much with on your videos - but this is a delicate subject and I understand your point. Excellent job with your videos, bravo!
👍👍👍👍👍👍
YES! Been looking forward to this one.
Problem is India doesn’t allow second citizenship. I was hoping you mention that. Lot of Indians confuse OCI program with second citizenship. OCI is basically glorified multiple entry Indian visa, which is useless at the moment because of COVID. Also moving money out of India is a night mare. Hope they relax rules. And people wonder why so many rich people leave the country.
Thats not it Bhai. The main trouble people face is from Bureaucrats, a friend of mine was quite well off he was a carpet exporter. He exported about 25 crore($3.5 million) of carpets a year. But once a tax inspectors got after him all hell broke loose. They trapped him pending tax case owed by his grandfather. The amount owed was about Rs 10,000/- and with interest and other penalties it grew to be 35 crore($7 million). But as the tax officer was empowered the statue of limitation was quashed ad he even lots the case in tax tribunal in the end he lost everything is now working as an insurance salesman. Now the new finance bill is going to be a nightmare as people holding indian passport will be taxed on the basis of citizenship rather than residence.
@@greatindiandreams Bhai you are not right about the finance act. I have studied it carefully. It just tightens the rules from before, it does not exactly have anything to do with citizenship. If you are a non-resident Indian AND your taxable income from India is above 15 lakhs, you must not stay in India for more than 119 days, otherwise India will consider you a resident and you may be taxed on global income. Furthermore, if you are not considered to be a tax resident of a foreign jurisdiction AND your Indian taxable income is over 15 lakhs, you may be liable to be taxed as a resident of India.
So for example, if your Indian income is 30 lakhs a year and you live in Dubai, according to UAE law, you must live in UAE for 183 days to be considered a tax resident. Therefore if you live in UAE for 200 days and India for 100 days and your Indian income is 30 lakhs, you will not be liable to tax on global income in India. Only Indian income in that case.
Suppose you don't have much taxable Indian income at all, you are allowed to live in India for up to 182 days and you do not have to be a tax resident of any other country in that case, India will not tax you.
@@shree711 Thanks for the explanation. I had a word with my tax lawyer. Citizenship Based tax is not currently active but a cabinet draft note is in circulation. It might come into affect but i pray it does not come into affect other the amount of capital flight will be off the charts.
@@greatindiandreams If citizenship based taxation comes to India, unfortunately, I will leave Indian citizenship the next day. Maybe it will be the start of freedom for me.
I guess, Money money is not a hard deal if you know the tricks
Niche video for exponential subscriber growth
Thank you so much Andrew! Love from 🇮🇳
Hi Andrew, I am a Balinese I own reak estate and doing real estate business in Bali. Indonesia can't get dual citizenship, unless I got to renounce my citizenship then I will lose my freehold ownership(by law). Indonesian passport is weak. I think European Golden Visa + APEC card might be the best option for me.😊
Correction: Many of us in the US are upset about *illegal immigrants* from any country. The focus is on Mexican and Central American nationals cutting in line because they are coming in the largest numbers. Considering that Andrew touts the importance of doing things legally, one would think he'd understand the real issue. Racism in the US is overblown by politicians and the media because they can gain more money/power by dividing us.
Racism is awful in the US - I’ve traveled and lived all over the US and it is a fact.
Great video topic, especially with the quantity of Indians in the world. Always interesting to watch these type of videos! Another potential topic in the future is the best citizenship for Russians.
Thank you Andrew, regards from Nepal!
Very informative video Andrew, thank you for sharing your insight.
(India doesn’t permit second citizenship, one will need to forsake Indian citizenship to gain a new one)
Worth it
You can get OCI, which is sufficient for everything in India except voting.
Highly practical & exhaustive information
Nice (niche) one Andrew! Look forward to working with you
Thank you for naming It, Andrew.
South Asians, especially Indians and Pakistanis will be migrating off to a better living standard country in large numbers in the coming years, Next will seeing alot of Indians fleeing. Situation at home is to blame.
Dual citizenship is not allowed in india
Only overseas citizenship of india( OCI)
Allowed to those people with other countries citizenship
India did not allow dual citizenship as per constitution law , instead of they provide indian people OCI card 💫
You can't really put Indians and Pakistanis in the same category. And if I am not mistaken, India law doesn't permit dual citizenship and having two passports.
arijit.dodul Typical western institutionalised racist bias by westerners i.e. Andrew guy, while bracketing Hindu India with Islamic Pakistan and Bangladesh.
But what about Indians/Pakistanis looking to expat from their countries?
Pakistan permits dual citizenship if it is from a select list of mostly Western countries. India has a blanket ban on dual citizenship.
If any Indian surrenders his Indian passport after accepting, a foreign citizenship / a foreign passport, the said Indian is eligible for, an OCI card / a PIO card, under, PIO scheme / OCI scheme, of government of Bharat. An NRI holding a foreign passport is given this type of card if he applies for it with Bharat's MEA. A PIO card / An OCI card, bars, a foreign passport holding NRI, from buying agricultural land anywhere in Bharat. A lot of restrictions are placed on foreign passport holding NRI's.
@@kartikkay4729 We are basically the same country though.
Really appreciate your insight on this topic !!
So glad Haris.👍
Not an Indian, (from Sri Lanka) value the suggestions in this video
I had an Indian friend I met living in Asia and he had Oman citizenship. According to him, it was far superior to his Indian passport.
anything almost anything would be superior to Indian passport
@@expertonionyou know the reason behind it?Obviously you don't
Let me erudite you. India is susceptible to terrorist attacks which deem to happened in many unfortunate numerous event. The situation is soo deride that India rank 8th on the list followed by war prone islamic and African nations.
@@whatever-fz9rd that’s not the only reason dumba$$ there are other reasons like indians are generally poor. Have bad immigration records and reputation.
@@whatever-fz9rd8th in what?
Andrew, as always great video! 👍
Your fan from Pakistan 🇵🇰
I am from Bangladesh, I am a freelance software developer with foreign clients, I love to move turkey + Portugal with my wife, how to get temporary residence legally in Portugal?
I am graduate civil engineer 43.75 years old
I see Serbia mentioned a lot on Nomad Capitalist. I was wondering if you would recommend residency by investment in real estate in Serbia (and citizenship by naturalisation, eventually) to folks in India who are interested.
U get visa on arrival there go and find a lawyer and get it
Yes. Serbia is a great place for that. Good passport, good country to live in as long as you have enough money, well connected. Very welcoming. People speak English in all major places.
Can Indians buy Real Estate in Serbia. Someone told me they can't. Pl confirm.
@@nirmalyanandi5046 u can ..
Althogh am a fan of your content Andrew. Indian Citizens arent eligible for a second citizenship unless they give up their indian one according to our consititution. So only way is to get an Overseas card (OCI) and get a citizenship with the ways you mentioned. So not second citizenship
Before that ask yourself, are Indians good for that country ??
As Indian I prefer to be in Malta or Poland for my job related opportunities
Thank you man...u r doing good!!
Im Pakistani, thanks for making this video
YES! Good to see this video. I've been saying for some time. You need to target the NRI community. It's huge.
Of course the fundamental issue is that second citizenship is not permitted so renunciation is the only way. You would have to get citizenship in another country and then one more after that for a "second citizenship"
However after you renounce you can get OCI which allows you unlimited travel to India and the ability to invest and do anything except vote and buy agricultural land.
Some Indians do participate in Citizenship By Investment programmes. You won't hear about it much if they don't get a high profile for some financial crimes like a gentleman named Mehul Choksi.
Ĺ
bro ur awesome...even i wanted to change citizenship, but was worried as no dual citizenship allowed....now i can as you said take second citizenship and then use oci cards for indian investments
@@indidesitourer585 Yes that is correct.
If you live abroad and you want to change your citizenship, you can try to get citizenship in the country of residence or if that is not an option, go for a Caribbean country. Then you must renounce Indian citizenship after you get it and then get an OCI card which is lifetime unlimited travel and permission to live and work in India.
If you want to continue living in India but you want to change your citizenship, there are some reasons you may want to do this:
1. More visa free travel to countries than the Indian passport.
2. More residence options
3. A chance to escape India in case something goes wrong.
@@harisadu8998 can i have a dual citizenship in any of 2 countries and an oci in india?
@@hmmm....1910 You can have 10 citizenships of other countries and OCI of India. Why not? But remember, you cannot be a citizen of India if you take even 1 citizenship overseas.
special topic. great talk.
Glad you enjoyed it!
Thanks 👍😊❤️ from 🇮🇳
Great Video!
Turkey, Jordan, and Egypt are good passports for Pakistani investors. Same religion. And they might be able to establish a business.
I might even, although a little hesitantly, venture to say that Malta is a safe passport for both India and Pakistani investors. You Never Know
Now I am motivated to get my second citizenship.
@@ThePreityEffect nobody has a problem with renouncing the Indian citizens in exchange of overseas Indian citizenship.
Overseas Citizen of India is not a proof of Indian citizenship. Basically, it's a kind of residence permit with a lot of limitations, prominent ones being, not allowed to vote, not allowed to contest political elections, not allowed to buy agricultural land, not allowed to apply for government services. Overseas Citizen of India residence permit card / Person of Indian Origin residence permit card, is only given to Indians who have renounced their Indian citizenship and thereby surrendered their Indian passport to the concerned Indian authorities after obtaining a foreign citizenship and passport.
@@kartikkay4729 yes so what? just do it renouncing Indian Citizenship is not a problem getting the Citizenship of most 1st world countries is still a bit difficult though .
The main question is - Does india accept dual/second citizenship ? As far as i know it does not. I don’t understand the point of this video unless you want to give up on indian citizenship. 😕
Why that law? It's a non-sensical law, honestly who does it benifit? India is still in the stone ages if it thinks dual citizenship is some kind of threat to it's government. Also such a backward thinking is unhealthy for development. 🍷
@@evm6177 we have good neighbors so we can't give anyone dual citizenship
I am glad this law exists. It's your problem if you are ignorant. Pretty much says everything about your "informed" thinking LOL Stone ages? India was far ahead of when the world was still living in the Stone Age. Let's see if the Western civilization survives for as long as the Indian civilization has. It's one thing to criticize the current government or policy and another to make such a blatant ignorant comment about the country. I am frustrated about many things about our country but from cultural and historical context there should never be dual citizenship in India. Greed shouldn't trump wisdom. We can think about global citizenship when the world can handle such a thing@@evm6177
This is very informative and helpful video. I'm sure this will help a lat of indian!!
I am interested in getting second passport. Currently live in Pakistan . Please guide me to start
Thank you prof....very informative
I want to migrate to Africa!
The constitution of India doesn't allow to simultaneously hold two citizenships, you are either an indian or you have to renounce it in order to become a citizen of another country.
Why that law? It's a non-sensical law, honestly who does it benifit? India is still in the stone ages if it thinks dual citizenship is some kind of threat to it's government. Also such a backward thinking is unhealthy for development. 🍷
@@evm6177 Most countries have such laws, India is not an exception in this regard.
Thanks for information. Can you please able to make video on Czech Republic. I am currently studying here and planning to switch to Business Visa if everything went as planned. Is there any so called "Innovator Visa" as In the UK for Entrepreneurs. If so, It would be great for company start up,I am looking forward for your response. I just subscribed. Keep going ❤
This wasn’t specific and lot of philosophy. Not even a framework to investigate what country to zero down to
You are very fare and respectful in your comments
Thanks for thinking about us Indians
*What are you even talking about? India does NOT allow dual citizenship, just like mainland China. So any Indian citizen who takes up a citizenship of another country, by law, they have to give up/surrender/renounce their Indian citizenship. IT IS THE LAW.*
Many laws are broken/bent everyday. Many laws are made taking after the judeo-christian commandments - very inflexible, and not very useful to live life. The Indian govt is also similarly designed - the machinery isn't really indian, just the robots operating it are. Because of these reasons, it's very difficult to respect indian law. Most of India is run without law and without enforcement/judicial involvement, and it mostly works.
For a South Asian doctor, to practice their profession in the European countries they may need to overcome the language barrier. Considering that, which country in the EU would be the best? Is learning the language and then moving worth it or one should go for investment directly?
Additionally I believe learning German, Spanish, Russian, Portuguese, French, Greek, Turkish, goes a long way. Learn to 'blend in' for your destination country.
For me, as I am considering Latin America, I have learned to 'blend in' and pass as a 'local'....at least socially if not legally. Same for my wife.
Your introduction was very realistic
Thanks from Pakistan
So which are the countries pls be specific?
Yeah, I'd love to have a no-go list for places where Indians/Indian-Americans are not welcomed.
Thanks for the amazing info
Thank you very much Andrew ❤️
What about Malaysia and Singapore? What is the issue with these? For Indians who make capital gains on foreign (say US) stocks, aren't these better? The one issue is these countries don't have estate tax treaties with the USA so the US estates of individuals who are residents of these countries are subject to a hefty estate tax of 40% over $60K when these individuals die. But this problem would exist with most of the other recommended countries as well since the USA does not have estate tax treaties with them.
Inter vivos transfers, assuming that property owning isn't by then abolished under the not so great reset as described on the World Economic Forum website.
@@jessicali8594 That might not be possible because I expect to be single.
As an Indian, I'd consider either UK or Mauritius to live a tax free life as well as not face cultural difficulty because many Indians are already living in these countries for a century, the UK has lot of best tax haven islands which are very popular amongst Indian tax evaders haha (Indian govt calls them 'Fugitive Economic Offender', sounds similar to fugitive slave act)
Tax free in UK and Mauritius??? How?? Especially in UK???
Are you confused between Europe and UK??
@@karanchandnani8169 UK has bunch of tax haven islands thats why most Indians tax evaders go there, although officially UK has crazy high taxes, but rich people can utilise the loopholes of this system especially via investing in those British Overseas Territories (search abt it) and also read abt how UK's Ex-Chequer Rishi Sunak's wife who's also daughter of Infosys founder avoids paying taxes and they're one of the richest families living in the UK, Rishi being the wealthiest MP in the British Parliament.
@@indobalkanizer6557 ok, so you are speaking about Cayman Islands, British Virgin Islands and Bermuda. Not worth going there unless you're a millionaire. Believe me, I have lived in Costa Rica and Bahamas.
Mauritius is 15% flat tax rate. Unless you buy properties and stocks and crypto for long term, and make profit after selling. That profit will be tax free.
But there are far more easier and cheaper ways to live tax free.
@@indobalkanizer6557 1) Open a company in Sharjah and mange it from Thailand.
Stay out of India for more than 182 days and you will be an NRI.
Open an NRI account in India, transfer all your profit in Indian account.
You will be taxed in Thailand for the amount you have remitted in Thailand, rest all will be tax free in India, Sharjah and Thailand.
If the amout that you have remitted in Thailand was earn previous year than it will be tax free in Thailand too.
2) Do every thing same and live in Bali. They will soon have Nomad visa for 5 years, foreign income will be tax free.
3) Open a company in Sharjah, stay out of India for more than 183 days, doesn't matter where. You can just go anywhere and all your money will be tax free. This way you will be able to live 180 days in India, 180 days anywhere in the world and 5-6 days in Sharjah.
Lots of knowledge
INDIA DOES NOT PERMIT DUAL CITIZENSHIP
Just wanted everyone to know that Cyprus has been acting a bit too pricey lately. Their citizenship by investment costs two million euros with several hundred thousand euros thrown in as miscellaneous expenses. With that kind of money why would anyone go to Cyprus of all the places. Cypruswa ke bhav barhal hai.
Thanks for the great content! Do you think as an indian would Latin America (mainly Mexico) be a good choice for retirement considering similar cost of living and lower inflation rates (compared to India). Although not sure how would an indian be taxed on his foreign income in Mexico as a resident. Can you please share your thoughts on these aspects ? Thank you
Yes, I think. You may want to consider residency in Panama, Costa Rica, Ecuador, and Peru too in addition to Mexico. Latin Americans are very friendly people and the weather there is similar to yours. I don't know about the tax situations, which you need to contact directly a consultant for advice. All the best!
If we don't have money to invest what are all other ways ? Visas ?
Thank you for this video..
I had an impression that India doesn't allow dual citizenship???
Thats true.... India wont allow.... 2nd citizenship.
i have one question if i invest real estate citizenship offer then can i applicable for permanent residency after temporary residency?
Good jjob brother
Indians cannot hold 2 citizenship at a time. He will have to renounce one.
Start a business hire one person!!
Only one person hired makes me eligible for citizenship !! Like really?
How about citizens from South Africa?
I’ve heard New Zealand, but it would depend on your needs and situation.
@@ChanaElisheva Thank you :)
Panama friendly nations visa allows you to be resident, but citizenship is harder. You can get a lawyer to help you.
Depends what you are looking for. If there is no intention to leave South Africa or say you are an expat living in Dubai a Caribbean CIP program would be the way to go to improve visa free access. If you are planning to leave South Africa then it depends on where you want to live. Lots of South Africans have gone to Portugal.
USA have more than 4 million Indian citizen. UK have around 2 million. not counting students. pal! topic is good but stop chanting USA USA
South Asians can get citizenship wherever they want.
May I do work or businesses in Paraguay safely? please reply me, thankyou.
hello, you should check the oportunities in Uruguay also. Now they lowered their requirements for getting the fiscal recidense: you need 380.000 dollarrs in real state and to stay at leats 60 days per year
Thank you for this video. I am looking for one .
Hy tusti how are you dude
Thanks for the video!
As a Pakistani, i like this video.. good one Andrew
Plaese, make one video for second passport for Brazilians.
I actually reached out to Nomad Capitalist and they said they cannot help citizens of Pakistan
Really?
how do I move to kuwait without breaking the law
I live in Kuwait. You need to get a company to hire you. Many Indians are working here, but with Covid, I expect there to be fewer opportunities. Kuwait has stringent immigration laws, which means you can be a resident but never become a citizen.
Job visa thru Company
@@rj9980 is there any other way
@@MrClaudeCrook ok
I think UAE has better and streamlined options to move into their country. U don't even need a job or a sponsor. And no language limitations...its like mini india!
I don't think it's about race but perception of the country. I doubt Emirati citizens are gonna suffer the same problems that Pakistani citizens do. Yet to most westerners they look the same
Sorry to burst your bubble but India doesn't allow dual citizenship.
Andrew, does this advice apply to Black People as well?
I never understood the systemic racism toward South Asians. Especially those that emigrate from the motherland, they are some of the most industrious, entrepreneurial, and law-abiding people of the world.
There is 'racism' but have yet to encounter it personally in my time in Latin America. I have always been treated well. Then again, I acquired Spanish language skills, and have learned to 'blend in'. I apparently have learned 'to pass' as a local...
@@rahuliyer7456 What do you think of Uruguay and Chile?
@@VishalRaoOnRUclips great countries. Would love to visit them. I have been to Argentina, which borders both of the countries you mention.
Chile is Latin America's equivalent to California these days. Uruguay is perhaps more like Switzerland as far as economy.... banking.
Both of these are among the most developed countries in South America. Spanish language is a must. They are also perhaps among the least corrupt.
If you can deal with a small population, and export oriented economy, these are the places. You perhaps really need to be entrepreneurial to be successful here. Chile loves entrepreneurs, going so far as to remove obstacles for techies to setup shop there.
@@VishalRaoOnRUclips I would venture to add Colombia or Ecuador to the mix... though entirely up to you.
Colombia, while not the same economically as Chile or Uruguay, is a really nice country, and a diamond in the rough for many things. I saw opportunity on the ground when I was in Bogota in 2018. Not an ounce of racism encountered by my wife or I (American male of Indu background, and a female of Vietnamese background). Of course, use your head, know the language, and dress like locals.
Additionally, I would consider Mexico when it comes to Latin America as far as 2nd citizenship and residence. My focus for residence in Mexico would be Jalisco (Guadalajara and Puerto Vallarta), and Mexico DF (CDMX)....maybe Merida and Cancun. I have been to Baja and specifically Baja Sur. The Cabos are 'okay', but for me, they are too much of a 'party town'. I like something a bit more quieter. I don't need the bars and related.
Thanks for this video
Can you do a UK one please?
Brits already have a good passport so don't need to go visa free hunting. If you want to regain your EU citizenship rights Cyprus or Malta by investment would be the way to go if you are rich. If not the long game (5 years naturalisation) would be Ireland as you still have the right to live there. If it is simply 'plan B' quickly a cookie cutter CIP in the Caribbean or Turkish real estate investment. I actually suspect the amount of Brits retiring to Turkey is going to sky rocket due to Brexit when it dawns on Brits they now have to invest 500k into property in Spain just to get residency.
@@bennyboysanctus Ireland is not that great for naturalising as if you live outside of Ireland for any signficant period of time you would have to notify the embassy or face loss of citizenship. Also if you aqquire any other citizenship through any other means apart from marriage you will also face loss of citizenship. Not a solid citizenship. Good to probably get as a last passport.
@@taj-sid How many naturalised Irish are stripped of their citizenship? What is in the law is hardly of any consequence as this part of the citizenship act is basically never exercised. Also we are talking about a Brit who would have a high chance of applying under "Irish association" and therefore not be able to be stripped of Citizenship anyway. Plus as a Brit Ireland is the only country he will be able to automatically live in once free movement ends.
I want to go somewhere where this pandemic drama is not going on? Where people can live peacefully without worrying about frequent lockdowns?
There are such places. But they are not letting anyone in.
@@naillijseer I understand...
Hah, no such places. r/LockdownSkepticism - nearly every western country was affected by this, and they locked everything down. But generally speaking India even with the huge second wave is still below the US and many other countries in terms of per-capita infections.
@@TheHellogs4444 hm... But Western democracies are in grave danger
@@rrsk88_farming I think it's institutional lethargy. Unwillingness to change of the people, and thus their organizations/govts
But IMO there's still significant hope, pace of innovation is accelerating and western democracies would be the first beneficiaries of it
Hey you forgot about bangladesh
The answer is literally no different for Bangladeshis. He didn't mention Bangladesh but the video content would be the same.
Can you borrow funds in Portugal to meet the minimum investment criteria, like take out a mortgage on the property?
I love you man
In India the tax is 42% I am an Indian looking for a country with 0 Tax with decent passport from which I can travel to counties where I cannot travel with Indian Passport (like Pakistan)
Is there any country in Europe where there is No or very less tax both Personal Income Tax and Corporate Tax
I recently found Ur Videos...n Going through Almost All of it... Found this One...
Ur facial Expression, Ur Body Language was so Different in This Video and Kinda very Totally Uncomfortable...
But U Dared to Speak the Truth...n that is the Treatment of 3rd World Country n Racism for Indian & Pakistani.
Skin-Color Superiority.
But As U again rightly said, it is about the Person who is behind the Desk makes a Decision n They've All their Judgements to make a Decision n After All it depends Upon their Upbringing n Overall Work Ethics.
I think in the End it is All about Luck-factor n All the Great Deeds will define the Citizenship Call :-)
1 Carribean countries
2 European Union
Sir please made a video on citizenship investment and bank deposit in phillipines
It's good idea but secondary citizens need to have security and safety rights without abuse of law and order.