Freedom Lovers Why It's Critical You Get EU Citizenship/Residency?
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- Опубликовано: 9 сен 2024
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The world is changing rapidly, and many are fearing that the time of freedom and liberties is behind us. Is this really true, and can you do something to improve your odds?
The world has gone through insane changes in the past couple of years, and many things that we took for granted became unavailable to us! Like freedom of movement and travel!
This really made me eager to think about diversification, and having both plans B and C.
As an EU citizen (passport holder) or a resident one could move freely all over the continent with more ease than people who are not EU citizens. Everyone else simply couldn't come as they pleased, and many nationalities are still restricted from coming to Europe.
This happened all over the globe! If you're just a tourist you're not welcome, if you have some sort of a residency you're free to come in.
If you have multiple options you're in a better position to deal with uncertainty. Having multiple passports and residencies is a great way to go because even when times are unstable you will still be able to move around and structure your life the way you want, as opposed to the way you must.
EU passport is a pot of gold! As you probably know with this passport you can live in any other EU country. You can move countries as you please! If something goes wrong in one of them, you can just leave. This brings lots of options to the table.
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I caution against Italy as an effective option. I got that citizenship, but it took 6.5 years from start to finish including all the processing. Basically 4 years to qualify (I was already an EU citizen) and another 2.5 years of wait time. For those married to Italians, it won't be much quicker, especially if the country of origin is, shall we say, less desirable. Also, don't forget Italy requires a B1 level language test. It's far from impossible, but it is also not a total walk in the park and requires effort. The tax situation in Italy is also very unfavourable, with forced disclosure of overseas assets (real and financial) and an annual tax levied on those. Choose Portugal over Italy on all counts. They have NHR, no tax on crypto, an A2 level language exam and a 5 year path to citizenship with a 6 month processing time. I am currently 2 years into this process. I would advise against the golden visa. It is not a well run program and is full of fees. Almost anyone can obtain a Portuguese D7 visa based on passive income (low requirements) and also qualify for citizenship after 5 years with the same language requirements.
Thanks for sharing your story and insight!
How much time to go until you get the Portuguese one?
@@OffshoreCitizen 3 more plus the 4-6 month application processing time. It's fine becuase I only need to stay a bit more than 6 months per year to meet the requirements. Therefore, travel is still very much an option once the wporld reverts to normal.
it takes around 6 years for Portuguese citizenship. Yes, PT doesn't seem to have other problems.
What about the Italian program that only requires you to pay a lump 100K/year in tax no matter how much you make? Portugal doesn't have anything like that, does it?
Having Eu pasport may enable to travel to one eu state to another, but staying there is a pain, and is getting harder
That's a bunch of nonsense. You have a right to live in any EU country, as an EU citizen. There are no conditions associated with this right.
It's as easy as moving to another city in your own country. Over the last 10 years, i've lived in 8 EU countries.
The Irish passport is indeed the best passport in the world right now.
Do you own one?😄
@@OffshoreCitizen I do indeed however that has nothing to do with my opinion. The rise of the Irish passport is purely down to Brexit. Without Brexit it was just one of a number of powerful top tier EU passports that allowed dual. Brexit has allowed the Irish passport to break away from the pack.
The way things are going, being a pirate on the high seas seems to be the best option!
Lol
How is it like in your country?
Haha yup
Thank you for mentioning EU Citizenship by Decent. Worked for me (several years ago) and passed this on to my 2 kids soon after they were born. Obviously your mileage will vary but some considerations (depending on specific EU country) include: (1) Paperwork = obtain docs that prove decent, (2) Time to process (i.e., a great exercise in patience), (3) Language requirements, and (4) Military obligations if you’re (say) 26 years old or younger and if military service is still obligatory. Overall an option often overlooked IMHO. Thanks again.
You're welcome!
Happy it worked for you. What country was it?
@@OffshoreCitizen Italy 🇮🇹
My reading of Portugal's rules on citizenship by marriage were quite similar to Italy's rules the last time I checked. Sweden's rules on citizenship by marriage weren't bad if you wanted to live in Sweden, but took a long time if you were not living in Sweden. Poland's rules weren't as lax as Italy, but definitely were some of the better rules.
Did you get any of those?😄
@@OffshoreCitizen as the son of a woman whose entire ancestry is Swedish, I may be genetically predisposed to find Swedish women attractive, so possibly in the future, but then again I have dated a lot of Italian women.
This is a perfect video. I've done other CBI programs but at the same time worked super hard at my EU citizenship by descent. I even though I don't want to live in the west EU citizenship is still an amazing asset. Best of all I get it at little to no cost besides my effort gathering the documents and applying.
Exactly.
It's great that you have that option. What country is it?
@@OffshoreCitizen Good ol' Italia. It's a shame because I'm in Thailand now and enjoying it but I have to leave. I have EU residence in a different country and the law states that if your gone for more than eight nonsequential months you could have your residence taken. Once I have an EU passport I won't have to think about any of this. All the reason to get citizenships through descent, CBI any means to secure additional freedom. MM2H like programs seem great but don't account for the ups and downs of life like unexpected travel.
Dad born in Ireland so got it decades ago and happy I did.
EU citizenship brings some rights, especially travel. What is the chance of EU countries introducing citizenship based taxation in the next couple of decades?
I have UK/USA citizenship, but I really want an eu passport.
Great vid as always Can you do a video on countries least likely to require you to take experimental gene therapy to go to a cafe / supermarket etc ie , freedom
We've made one on Mexico. Have you seen it?
@@OffshoreCitizen pls. consider doing more... 😁
lrish grandparent
Hi, I have Canadian citizenship by birth and Polish citizenship by decent what would be recommended as another citizenship or residence to add to the mix?
Yes this is true until a "EU tax harmonization program" gets introduced
How do you think it will affect freedom?
@@OffshoreCitizen There won't be any. It will be one worlld government with no freedom and nowhere to go.
There has been talk about Poland and Hungary being a pain in the ass to EU. And politicians in Hungary seem to talk about leaving the EU. That brings into question usefulness of that passport if one wants to live in the EU.
Do you think they would benefit from leaving EU?
@@OffshoreCitizen I have no idea and I don't know Hungary like you do. The bigger issue for those thinking of acquiring citizenship in an EU country is what happens if EU dissolves? Take Malta for example. If someone spends a boatload of cash and gets citizenship of Malta and EU dissolves (not saying it will), then what?
@@louortiz670 Then you're stuck with a passport of one of the tiniest countries on earth with a local economy that doesn't really offer too much. If it happens, then you'll be reduced to having legal rights only within Malta itself.
Hungary could leave the EU but stay in the Schengen zone, in which case citizens would still have free access to Schengen.
Also, if the EU dissolves, it's still possible that a borderlessness agreement (i.e. Schengen) still remains. It would make absolutely no sense to destroy all the borderlessness in Europe, that would be terrible economically. But of course Malta could still be excluded from this.
Thanks for sharing this wonderful video.
You're welcome!
What EU country would you live in?😄
@@OffshoreCitizen Really difficult to choose where I had only been to few cities in Spain. D Netherlands, UK, France n Switzerland r top of my list, but am not sure whether all r under EU, UK is definitely not part of it after brexit. 😁
What does it take to get approved for Bulgarian Citizenship? I heard they have a huge rejection rate...
Do all of these programs work for EU citizens?
Thanks for the video.
Well, a freedom of movement? Probably. But that can be achieved easily/ relatively easy by getting a multi entry visas... the rest? No, I would not call the EU the best place for freedom lovers. Imo.
You're welcome!😄
What place would you call the best for freedom lovers?
Living outside of the capital cities in Poor countries have the best freedom in my opinion.
government is usually too busy stealing to give a crap about you - it does come with risks but I think there is a great sense of freedom in poor countries that are not getting better.... Provided that you're not poor.
Portugal seems to be the best option for citizenship unless I am missing something?
Depends on what you want to achieve with a second citizenship. It very well could be😄
USA citizenship by birth and Irish citizenship by decent.
What was the name of the program mentioned? To gain an Irish passport
Thank you for this video Mike. As a Brit, I totally understand the value of optionality that you're referring to 🙄
Lol
Always our pleasure 😄
Anything you'd like to see next?
What is the approval rate for Bulgarian citizenship? I was doing some research and saw the figure that only 10% of residences have gotten citizenship or something. Not sure what factors that's attributable to though (or even if that number is real). Would be interested to hear figures on other EU countries too.
wish i was an EU citizen love from Brexladesh
Can you become a Bulgarian citizen and keep your Canadian Passport?
Yes
Thanks for a great video.
Question and please help me understand. Why are people still interested in or going to Cyprus? Has everyone completely forgotten the 2013 Bail In in Cyprus??? We are moving offshore, but I would never consider Cyprus, because of that. Austria either.
Austria probably has one of the top banking sectors in the EU. I wouldn't put Cyprus and Austria in the same paragraph.
What is “Non Dom”? Thanks
Do you accept crypto for consultation? I need it.
Yes. Just send us a message through one of our websites 😄
Thankyou
You're welcomez Frank!
How did you like the video?
@@OffshoreCitizen I like al your video.s
European STATISTs ?=? FREEDOM...uhhhhmmm pass! Great content.
Thank you!
Anything you'd like to see next?
Does Germany accept Dual Citizenship?
No, though I heard that some "Very rare" exemptions" could apply.
yes I got a German passport and didn't need to surrender my birth country passport.
Only if one of your parents are German
Under very limited circumstances at the moment. But the new government has said they want to allow it in future but they need to change the law this will take at least a year or two, or maybe 3, very slow here
If you're from India you can't have dual citizenship anyway lol
The thing about the EU is really about the nature of your income. Depending on the country one may be better than the other.
True.
Do you have an EU citizenship?
@@OffshoreCitizen yes. Grew up in France. Have another African passport as well.