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The Truth about Caribbean Citizenship by Investment
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- Опубликовано: 29 окт 2018
- www.nomadcapit...
Are programs of Caribbean citizenship by investment a good deal?
While many wealthy expats flock to the speed and convenience of such programs, some second passport seekers claim these "buy a passport" options feel "fake".
Andrew discusses his personal experience in St. Lucia - and experiences of people he's helped with St. Lucia, Dominica, Grenada, and St. Kitts and Nevis - and explains why economic citizenship should be considered by anyone seeking a fast passport.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: nomadcapitalis...
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: nomadcapitalis...
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
When pay $100+K in US taxes each year a one time $100K isn't that bad.
Even for low income person who is just wanting to have a passport that can bring them visa free access to some hot spot destinations, Caribbean passport as a one time investment, it is a better choice than if you are sacrificing your life in bad weather places like Canada, there is compliance requirement for someone who is wanting to be naturalized as a Canadian, even prior to the stage of the "permanent residency", the money that you are going to spend in Canada will be a few percent higher than the amount of citizenship by investment in Caribbean. Unless you really like and enjoy to settle in a place where it will eventually also lead you to Tier A passport, for me, that is Portugal, otherwise, pay it once, get a good passport to enjoy your freedom. Having a second residency is helpful for those people who comes from countries like India which, doesn't recognizes dual citizenship, so that they can keep their dual citizenship.
Good points.
Fav Line........"The Bentley dealership doesn't care what KIA buyers have to say".
I'm reading 'Nomad Capitalist' book right now, a very interesting read and good addition to the knowledge presented in videos. Regarding Caribbean passports, one information in the book made me curious: "it is often better to start and complete the economic passport process before you leave your home country" in context of Dominica passport. I'd like to hear more detail about this limitations, and how to overcome them when already living in another country, as I didn't think there might be such complications.
Thanks Tadeusz, glad you like the book! :)
The Truth about Citizenship by Investment - Option Cash is minimum 100k donation + 35-50k in fees. Option Property on govt list minimum $400k + 20-30% UNMENTIONED purchase TAX = $80-120k+ 'donation' in purchase taxes + monthly property association fees + rental income taxes up to 35%. Consider the cash only method if you don't want the property + TAXES. As a resident, the taxes may or may not be much higher.
perdido sin ti
@4:39 "the idea that you're going to be treated better as a US Citizen..." Andrew....LOVE your videos.....but I'm not in complete agreement with you on this one........Bottom line, it depends on the passport, it depends on where you're travelling, and it depends on how often you plan to travel to a particular country.....Lots of factors come into play.....I speak from experience, as someone born in the Caribbean and now a naturalized US citizen, and there is DEFINITELY a difference in how I'm treated when I travel using a US passport...and I know many respected business people from Caribbean islands sometimes have less-than-positive experiences because of negative stereotypes surrounding their country/passport they're carrying....so I think this is a valid concern.
HOWEVER, for the purposes being discussed here....ie people are SPECIFICALLY looking at Tier 1 or Tier 2 pasports etc...I suspect the differences MAY be negligible as you stated....but not always. I think a LOT depends on where you're travelling to, and even the luck of the draw as to the specific immigration official you end up with....... Bottom line is, in spite of the fact that the St Lucian passport is a tier 2 passport, with visa-free travel to many countries,....Immigration officials are people too, and MAY have their own stereotypes of smaller/less developed countries.... So even though technically, there may be visa-free travel to Europe, it's not unheard of, to be have to jump through a few more hoops/questioned a little closer/get squinted at suspiciously .....especially if you happen to be making multiple trips from the Caribbean(Caribbean passport) to Europe in a relatively short space of time, then you're suspected of nefarious conduct.....yeah eventually you're let in, but realistically it's NOT ALWAYS as smooth sailing as someone travelling with a US/Canadian passport.
Thanks for sharing your feedback. 😊
The Truth about Citizenship by Investment - Option Cash is minimum 100k donation + 35-50k in fees. Option Property on govt list minimum $400k + 20-30% UNMENTIONED purchase tax = $80-120k 'donation' in purchase taxes + monthly property association fees + rental income taxes up to 35%. Consider the cash only method if you don't want the property + TAXES.
Andrew thanks for the insightful video. Keep up the good work buddy
US citizenship is hard to get naturalized when your a foreigner. It is better to get to get a top teir and a 2nd teir passport from other countries. Increase your options, free yourself, more access.
@@jamess2483 can I open a bank account , live and work in ST kitts if a buy its passport?
@@souiritv8355 yeah
Thank u Andrew , was expecting you to reach on few points like
1. What will happentonthesw passports after brexit ?
2. What guarantees that they will renew after 10 years without asking to donate again ?
3. If Canada pulled out, would european think to follow later ?
4. Do these passports have credibility to earn long Visa for US and CA for ex or it's just european and UK territory
I think having multiple passports is not only useful for travels but also for saving money on taxes!
Some countries have zero tax if you don’t live there after investing! You can still live there on a different passport and let them think you don’t live there on their paper(passport)! Is that cheating? I don’t know!
Andrew, this intro is better than the other one, highly suggest to keep using it. Its simple, professional & tone is light.
hello, very useful information in this video
I have a question, if I get passport of one of these countries, can I give the citizenship for my son or daughter who born after I got the citizenship?
Great video! I know Nomad Capitalist is about been tax-free and to open an overseas company and save money. But I still have a question: Can I use St.Lucia passport to find a job? What if I am already been hired by the company and would a country like Japan or Singapore will accept St.Lucia passport and give me a work Visa?
perdido
Hi Andrew
If you paid to get a citizenship by investment, you and your spouse are eligable for passport,
What if you got married after a few years after that for example ,will your spouse get the citizenship immediately like you have or will she have to get it by applying through you like sponsring her and she have to wait a few years.
I am not asking for a spesific program.
Thank you
Do a video on buying Vanuatu Citizenship with bitcoin
St kitts citizenship is better I think .because it is a tax free country .And has most powerful passport of the Caribbean countries.
I like the St Lucia passport. My only fear is the fine print that the St Lucia authorities could pull it at any time for nebulous legal reasons.
A S Yeah, that’s why I didn’t pull the trigger either. Antigua requires periodic visits, which is a pain. Maybe St Kitts and Nevis is a better happy medium? It’s a shame as I like everything else about the St Lucia passport and the island itself. But can’t risk ending up stateless either.
@@dr.winstonsmith Under International Law a country cannot make you stateless. So if you go to a country in which you would you like be a citizen of and St Lucia revokes your passport you can possibly claim citizenship of that country.
Though in all honesty a St Lucian passport should be part of a portfolio.
That's most countries in the world
@@user-yx5rp4ct1d Exactly I was addressing the person who was worried about being stateless. Of course if you are not going to be stateless as a result of losing the citizenship then they can exercise it.
Can I travel and stay, open a bank account in ST kitts if i buy its passport?
May I ask which kinds of business or jobs can a foreigner engage at Caribbean please?
This really opened my mind.
Have u had any experience with Trinidad and Tobago Passport or know of anyone? I will be getting one this week
Did you do boots on the ground or investment?
@@iamlight5593 by decent
Congratulations, Jonathan 😊
@@nomadcapitalist Thank you!! Looking forward to the possibilities!
I would like to know as well. I am considering getting my Trinidad and Tobago duel citizenship.
KEEP UP THE GOOD WORK SOON I GONNA NEED SOME ADVICES FROM YOU PERSONALY I LET YOU KNOW BECAUSE IAM FROM PORTUGAL REGARDS
Insightful video! Thanks
Big up Trinidad
St kitts is the best I find in the Caribbean countries.
Which countries hassle you most seeking entry?
Thank you. I watched your lengthy explanation of renunciation and still do not understand your rationale. If it is tax avoidance, well here in Florida, we don’t pay State income tax. And, paying for residency permits involves payment in full up front versus down payment and 2% interest on balance of loan amount.
Hi just found your chanel - love it, you are smart! We are British ( I also have an Irish passport 'of decent') but we are of retirement age and considering our options, is the fact that my husband only has one passport a problem or could he still move to Europe with me or would I have to buy property in my name? We are also looking at Barbados or Antigua. Thanks
Please, can you explain in one sentance the purpose of getting a second passport in St Lucia?
Nice video, where was your video shot?
am not sure about small super tiny island, but as an American i am exploring obtaining 🇨🇦Canadian citizenship. Do Canada & US share income on their dual citizenships?
We have a tax treaty which means you don't get taxed twice
Best Caribbean citizenship is ST.KITTS and Nevis first ,because EU removes ST Kitts from tax haven blacklist ,secondly it offer better financial informations privacy for wealth people and and finally it is a tax heaven at the same time and the process of getting passport is very quick .I did deep research. And best European citizenship by investment is Latvia because it is already an Eu country and it offers cheaper investment options at 60k euros.
Latvia is not citizenship by investment but rather residency by investment. Citizenship is gained after a minimum of 10 years and also other requirements like show proficiency in their language, do tests for culture, pass exams, show taxes in the years spent there etc.
I would do a Caribbean CBI tomorrow if I had the means. I don't have snob hangups .
Good considerations, thank you!! Some countries do not allow dual citizenship. What do you think of having St. Kitts and Nevis citizenship, as the only citizenship?
Andrew, do you recommend avoiding or embracing the Ukraine for the items you discuss? Just curious about what your thoughts on that country are.
@@dr.honorable141 thank you for the tip
If you're doing a travel vlog on RUclips, it's really helpful or have a ROI if you're buying a powerful passport in the Carribean.
Any low or zero tax CBI countries that you don't need a Canadian visa?
Canada has already sacked the Caribbean don’t you think Uk and schengen is next?
I read last month's EUROPEAN UNION warned about this issue.
What do you think about Moldova and Latvian countries?
The Caribbean is full of tax havens. I understand but I don't agree with Canada for doing that.
But for EU/UK why would Canada end relationship with them? What does Canada gain?
As you denounce the US Citizenship, have you consider the fact that your children (if you have them) might benefit from the US system such as the education and insurance and better medical services/technologies (albeit higher cost).?
@TSD TSD which is better investment to get a second citizenship,baltic countries or Caribbean countries? Because baltic countries has most cheapest investment options.
Sir.
Tell us the way to get st lucia citizenship?
He did months ago ruclips.net/video/xrd2PeO_FeA/видео.html
He will for a FEE:(
@@ericeverson5956
How much
@@walid9296 - $2.97 usd
@@georgew1857
U mean 2.097 $
I need a Swiss passport or an Australian passport through investment. I have tons of legally earned money. Please advise
Another great video! Thanks Andrew!
does those small countries that you mentioned allow dual citizenship? can anyone be a citizen in those carribean countries without even really living there? im from the philippines.
Hi Mico, I would be happy to answer your questions. Please accept me on LinkedIn and we can schedule a call.
Kindest Regards,
Kurran
Knowledge I have learned a lot
Are ex cons eligible, or we need background clearance? From the Police State with cocaine trafficking conviction
You need a clean record.
If you find yourself in real trouble...say in Russia or China or Colombia, is St. Lucia going to fight for your rights?
Do you work with people living offshore and not US citizens?
Yes, we work with other nationalities as well.
Can I travel and stay, open a bank account in ST kitts if i buy its passport?
I have a St Lucian passport too! It's great!!! 😁
@@user-wi2em5ev6u Depends on which region you are in. Use the passport that is more accepted in the country you are traveling to.
@@user-wi2em5ev6u I dont know much about China so i cant speak on that. I got a St Lucian passport for lifestyle purposes. Its the best Island.
@@user-wi2em5ev6u Welcomes. If u have any other questions ask me here or on instagram
How long did it take to get the passport?
@@hitsongsa How much did it cost you? And how long did it take?
I pay 3% taxes on my income legally
Where ?
US is the bes country in the world. I am loving it.
Hi how can I work with your company
Kishon, please email help@nomadcapitalist.com.
Cool intro
👍👍👍
Can i get it with 50,000$$ ??
Yes .In latvia .
@@souiritv8355 really? How? Can u tell me more?
@@Watchmaty where are you from ?
@@Watchmaty Latvian cheapest
Option include investing a minimum corporate investment of a statutory capital of a Latvian company at least 50,000 euro and pay a one-time 10,000 euro government fee and you get a 5 year residency permit then a permanent residency and finally the Latvian citizenship after passing the language exam well.
@@souiritv8355 give me Email or any app, we talk there better
I was born in Trinidad but my first passport is Canadian .
So it costs 100,000 USD to get Saint Lucia citizenship. But I still live in Europe, my company is in Europe, my wife and kids are in Europe. I cannot just disappear from Europe with my 20 employees. I have a mortgage in Europe, my kids have their school here, and above all, I also happen to love the place where I live, I am happy here. I pay in total 40% taxes or 193,000 EUR to be exact for 2017. But Caribbean passport will not help me reduce my tax rate.
you can move your business.
Really? Someone respects USA? LOL
No, they respect the passport only, not its President.
I certainly do. The world would have sucked so much without the USA, yet some people just dont realize it. cut your internet first, haters. Its from the states.
Fake news