Where to Get Second Citizenship in Asia
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- Опубликовано: 6 май 2020
- nomadcapitalist.com/
While second citizenship is readily obtainable in Europe and the Americas, second passports from Asian countries are rather hard to come by.
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
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I love it here in Malaysia, the pandemic is being handled much better than in the U.S.
Helps to have smart leaders
I bet that super small population ALSO obeys the rules, unlike idiots in Florida and California having quarantine parties.
What’s the latest quarantine rules? Are the beaches open now? Flights ? When is everything supposed to be back to normal there ? Thanks.
Looser sheep
Yes Malaysia is way better than the West in infection control, but still not quite low number compared to other Asian countries like Taiwan, Hong Kong and Vietnam.
I like how your advice is so equanimous. A smattering of your personal feelings but not judgemental. You stay professional and give objective facts. I may be wrong, but you are probably one of the first people opening a window to a mass audience when this was a subject hidden from all but lawyers to the very rich. I did a bit of research into offshore havens in the early nineties. Too rich for me! Now that I am retired I am thankful for your public work. I'm going to scout out a couple of countries, Portugal for sure.
Thank you for your kind words Frank, I wish you lot of success🙌
Ah man, I've been on the hunt for this particular style of platform and content for a year now! I love the Singapore lifestyle for investing and offshore/tax haven strategies and I just love the fact that you go into Global holdings with such passion an the intro is spot on for what I'm seeking; I'm bored of the average channels I'm seeing. Thanks!. This is inspires me, I'M JACKED TO THE TITS!
Nice video Andrew, you just confirmed what i thought about asian citizenships after spending a good chunk of time reading about asian countries nationality laws. It's like don't bother it's not worth it.
Glad to help, Miguel.
@@nomadcapitalist - What can you say about Philippines. When talking about SouthEast Asia, they are usually glossed over or left out of the equation. I have found doing business there that they have a number of positives. Philippine banks pay good interest rates and I already have some accounts there which I am using. I am considering retiring there. I am also familiar with the usual BS that goes on there and am at home dealing with the locals on these issues. Like many other places I have been, Money Talks and BS Walks. Your thoughts?
@@KlodFather "Money Talks and BS Walks" So true! It's like going to America and learning the culture of tipping in restaurants. Just learn to tip govt. officials and you'll be fine.
This probably has nothing to do with the topic of discussion, but you seem to have an affinity for the color blue. It suits you so well, whether as a shirt, a jacket or a video background
I love the idea of a geographically diversified passport portfolio, but the lack of dual citizenship opportunities makes Asia a no-go area. One eventual exception: Jordan.
Rubens Nogueira Jordan isn't really a good buy given that most of the countries it has access to are either opening up to people all around the world anyway or they're terrible places you'd never want to go. Add in the high cost to get the passport, it's just not worth it.
@@MegaBallPowerBall your point is absolutely valid. I just think that a "call option" (as Andrew uses to say) in the Middle East is not a bad idea and could be part of a diversified portfolio. It's not everybody's cup of tea, I agree.
I am from Uzbekistan which was located in Central Asia. And in fact I think it's one of the best places to live and tax friendly countries ever. Welcome 🤗...
I became a 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.
I know Japan doesn’t really care outside of government positions, but from what I know Singapore and Malaysia don’t really troll around when it comes to dual citizenship. I think Singapore literally forces you to become stateless, requiring a renounciation document from the embassy you renounce from before granting Singapore citizenship.
Hey Andrew! Your content is awesome. Thank you. Main source to move my family elsewhere. Do you know a place right now where the corona restrictions have been/are easy on it, besides Scandinavia, because of very high taxes. Thank you for a short video on that. Cheers from Paris
Very good explanation
Thank you, George!
well explained
U Hindu?
I can't wait to see you partner with passportheavy.
Yes, isn't it odd: while Asians look for wealth to grant residency, Western governments prioritise poverty stricken migrants for residency and future citizenship. Which may explain the higher tax rates in many of these countries. We live in interesting times.
@@nikkion2140 Agreed, but not on the second paragraph, that is not what is happening in most Euro countries anyway at the moment. The Middle Eastern /North African migrants in many Euro countries hardly have decent jobs. They do have many many babies though because they are in Dar al Harb and therefore are a drain on the taxpayer.
@@peet1250 you both missed the real reason (on purpose?). Globalists are running the west they have infiltrated everything. For racial reasons globalists can not get in place of power in asian countries. Asia is saved by its racialism
I think it's because europe needs young low skill workers for a low wage
@@as6ort Its because the West needs to be destroyed in order to implement a NWO
Kalerghi plan
Even my daughter, who was born in Hong Kong and is half Chinese, only has permanent residency in Hong Kong. Not easy to get in there, but there nice places to live outside the city center if people don't want to get congested on the island.
I would love to visit Hong Kong
The Single Dad Nomad how? My cousin is a citizen and he’s half born and raised in Hong Kong
My son is half hong kong and half Australian from me. He was born in hong kong and got his hk sar passport like a week after he was born and the following week got his Australian citizenship by descent. And then passport a week or so later. It is not difficult to get if the mother or father is full Chinese. No issues or boundaries. Just apply and get. When you fill out the form for passport, just write no to other citizenship. Simple
Asia definitely amazing to invest and open a business. Specially Vietnam 🇻🇳, but not that attractive for second passport 🤘
Thanks this is a nice video. Which country in this video do you call the next Singapore?
He’s been talking about Malaysia in that regard. But truly nobody knows, some people say Rwanda, some say El Salvador, who actually knows.
Seeing this video while im originated from malaysian. I dont know where to go now haha.
Would love your opinion on Indonesia as a place to reside, Andrew ☺️
Is Slovenia citizenship to take is good option. i am from India
I'm surprised you didn't mention Taiwan. Great place to start a business, proximity to other Asian countries, naturalization potentially makes it easier to expand your business into China, Hong Kong and Macau. You can get residency by starting your own company or by marrying a Taiwanese citizen. 5 year pathway to naturalization or 3 years if you're married (+1 year of living there to get full citizenship). Technically you need to give up all of your other citizenships but in practice you only need to give up the one of the passport you're living in Taiwan on.
I believe Taiwan requires you to physically reside there for over half the year and Taiwan taxes worldwide income, two big deal breakers right there if you're the Traveler / tax minimizing type.
EDIT: Okay, I just checked. It seems you can get bypass the physical presence requirement if you dump over half a mill into a company. If true, that's something to look into if you like the area. Definitely don't take my word for it, though.
@@silvermushroom-gamifyevery6430 Would mention the risk with Taiwan is that its a defacto state, so is only partially recognised, big risk if you give up a UK/USA/EU grade passport for that
What happens when China tries to annex Taiwan?
web2yt from what I hear, they will still allow people who already have Taiwanese passport to continue using, but will start to give out regular Chinese passports and so on so forth.
You have to renounce your citizenship for the Taiwanese one.
South Korea ? Forget it for citizenship unless you're an ethnic Korean. They are anti foreigner. I lived in Seoul for 2 years.
Why you would want citizenship is beyond me and I wouldn't take their passport if it was free. If you're a white man and you have a young good looking Korean girl with you, try going into a Korean restaurant...they won't serve you.
I had exactly that experience near Chong No in Seoul.
I am wondering if there are second citizenships serving not business goals but prestige and status. Maybe an idea for a video presentation. Excellent wok overall.
Hi Andrew, there are private immigration service providers which promise assitance in obtaining EU citizenship (Romania, Bulgaria, etc) by decent for citizens of ex Soviet Union Republics. There are a lot success stories from some people who obtained EU pasports even if they didn't have ancestors from Romania or Bulgaria. Could you please explore and make video about it.
As an EU passport holder and long term permanent resident of Singapore the point about citizenship being less attractive here is well made. I would say it's much more beneficial to remain a resident. Residency (re-entry permit actually) is renewable every five years and it only takes five minutes online if you are gainfully employed. Residency has become a political issue recently and is harder to come by. In addition to investment having some type of global employment experience or experience in a field that the government considers valuable can make residency a bit easier to obtain.
Which country are you from?
@@sebinjohn609 Irish.
@@davegball that's awesome I am Indian And I can't travel anywhere I got a scholarship for collage in Italy but my visa got refused now I have to go to work insted of collage
What if you are a Permanent Resident? How often would you renew it and would you still have to be employed.
@@RUclipsfan-yj4rp It needs to be renewed every 5 years. When you renew online the Immigration website does ask if you are physically in Singapore and your employer's name and your gross salary. What happens if you're not in Singapore I don't know. Immigration are shy to give the specifics of how they decide. You should try to be in Singapore when you apply.
Are you in Malaysia on Malaysia my second home program?
All I asked Google is how to meet Benoftheweek if you live in Asia and don't have a passport 🤦🏽🤦🏽♂️🤦🏽♀️ Not a random video with good music!! btw how did you find that music it's noice 😂
I've felt for a while now that Asian nationals should face reciprocal terms for dealing with Western nations or more liberal nations.
YES!
Do you have some sense of humanity? If an Asian wants be assimilated in Western world, let him/her be. Let him/her escape the hell. We love western liberal secular democratic values. This will attract any sensible person. Just don't allow conservative fellows from Asia, they are real bastards who make life living hell for liberal minded people there.
The protectionist attitude in Asia is a direct result of previous wars and colonization. People are protective of their raw materials and resources because they've been taken away for centuries
@@mercadv that argument may have been correct 200 years ago but amounts to nothing but racism today. These are just excuses used to explain racism and many countries in Asia to perpetuate nepotism and corruption
@@jasonlahey1550 no, not really. Colonialism in Asia ended in the 1950s. The wealth gap remains high. Land has not been distributed equitably and resources are still controlled by the wealthiest few. There is also that issue with Chinese debt traps on infrastructure.
My suggestion is that you do the same video with Africa !!! I would love it.
Most straightforward way is through marriage. If you marry a Filipina national, it’s not hard to become a citizen. Marry a Thai, you can become Thai after a number of years and if you have proficiency in the Thai language. Besides through marriage, it’s tough to become a citizen anywhere in Asia.
Dr. W. Smith its almost impossible to become a thai citizen. Permanent resident yes, citizen no. They dont want some white guy buying land in Thailand. Youll buy through your wife, yes but you want get any of it after a divorce.
for hk and macau, not as difficult as u think as long as the applicants live there for at least 7 years and speak english/portuguese or cantonese; taiwanese citizenship is not that difficult as long as the applicants live there for at least 5 years and speak gud mandarin. however renouncement of one former citizenship is required.
Foreign nationals will have a hard time under the PH's protectionist restrictions: no ownership of land or any landed property (unless owned by a Filipino partner/spouse or inherited in your name), restrictions on doing business (involvement in certain industries disallowed), and the like.
What about North African countries, Maghreb countries specifically close to europe cheap flights in and out, do you see bright future for those places? Thanks Andrew.
Political instability in all of North Africa.
@@difencrosby really, how so? Morocco is fine, less terrorism than france
Hey Andrew ! Really like your work and expertise
Could you do a video on Indonesia , ways to immigrate there by investment or the other way around . It's going to be the 4th largest economy by 2030 according to stats. Cheers !
Indonesia isn't always so consistent. Ive been here for 3 years and it's definitely doable but laws can be interpreted differently depending on the embassy or the indonesian city
@@3blinds thanks for sharing !
You never mention The Philippines in your videos. What is your opinion regarding citizenship or resident permit by investment in that country?
I would second that and have asked the same question. I do know that the Philippine banks are very closed about who deposits in them and that they pay good interest rates. I have a couple of accounts there at different banks. I have considered retiring there.
I’m happy in Philippines
Many Koreans are retired there. I think having 100k usd bank deposit is required for the resident permit that can be renewed either every year or more. No Korean seems to give up their citizenship for the pinoy by the way!
Can you please make a video explaining the exact process to become a resident of Monaco if you are currently a US citizen living in the US and you have no other citizenships. You can’t just renounce because then you would be stateless and they would deny you anyways. Please make a video on this.
Getting residency in Monaco is like waiting on a long line at Burger King for a Overpriced Big Mac!
My understanding is that Monaco citizenship is of no particular advantage. It is only for personal prestige. Only the rich of France can have a little benefit. Search for yourself.
what's your thoughts on immunity passports in how will this affect nomading in the future
@Prepared Man Boiorix it's the new global entry program just for the world
Do you see any money benefit
Hi, Could you help me to know what is the easiest way to get second citizenship? I am Syrian and my nationality and passport give me really difficult time in everything from traveling to even opening a bank account or an e-wallet, currently i live in Malaysia for 15 years but getting PR is extremely hard here and getting Malaysian citizenship is almost impossible
Malaysia barely grants any citizenship.
What’s the most value for money passport you can get with the best ROI in terms of an investment ie, real estate, bonds, tax purpose.
wow mate.....to get the answers that will be like opening up a research center
I am looking into a Kazakhstan citizenship.
Andrew, you deserve a honorary phd degree in Nomad Capitalism ☺
"Integrity legal thailand" youtube channel got his permanent residence in thailand and is still an american citizen.
An interesting video with that being said I personally have zero interest in a citizenship in Asia, but as with all areas of life, aspects of life change from person to person. I also had an ex Russian girlfriend who had lived in Uzbekistan when she was a teenager for a bit of time, had always commented how unusual of a country it was and is unlike Russia in so many ways. Uzbekistan will need a lot of aid and resources from other countries to build, but not sure it is necessarily good for the population and their local traditions.
Viking Traveler I lived 22 years in Uzbekistan and I can tell for sure that Uzbekistan does NOT need any aid from any other countries. Uzbekistan has plenty of natural resources and good location. The only thing Uzbekistan need is to abandon statist mentality and adopt free market mentality. It’s getting much better since death of last president in 2016. But it’s still far far far away from being free market system.
@@libertarianspirit Ok interesting input here and definitely would be an interesting country to visit in the future. On a side note I do really enjoy the cuisine of Uzbekistan. While living in Russia, in St. Petersburg they have some great Uzbek options for restaurants!
@@libertarianspirit Do you think someone should invest in Uzbekistan real estate market if he wants to earn by renting out his flat/house/condo?
@@mirjokhaerdudaev2035 The biggest issue with Uzbekistan is capital control. That means you might have problems with getting money out. Basically all problems in Uzbekistan is excessive regulations. In recent years, Uzbekistan made good progress liberalising their economy and even periodically positively mentioned by western press. But it still might be a tricky venture.
Awh Vietnam doesnt even get a mention....my fav buzzing country
What about Turkey? I think its the only country in Asia with a decent Citizenship by Investment program.
Andrew, you never mentioned Turkey. Isn't that country in Asia?
Largely, yes. We discussed it here: ruclips.net/video/Ws5ftYD7vf8/видео.html
that depends on who you ask, the city now known as Istanbul was the capital of the Roman Empire for a few centuries, do it's like half Asia half Europe
What about Phillipines?
Forgot turkey
Asia is gud can I request u look into Zambia Africa u wont regret it
Hey Andrew, how about Russia? Did you see they will be allowing for dual citizenship here? Technically, it is both part of Europe and Asia.
As a Russian person myself, I can assure you that we're allowed to have dual citizenship
and it's Asia culturally
Dual citizenship is a common practice here in Russia for all the folks with tangible amounts of money.
@@juliatravelme Indeed, but I'm saying that its an option that Henderson didn't mention. I would be interested to know what his opinion were.
@@timurermolenko2013 You think so? Personally, I find Russia to be more European although its geographically in both Europe and Asia.
Vietnam also charges foreigners more then locals I read. It's growing like crazy right now with dozens of companies relocating there and out of China. I don't know how hard it is to get citizenship there but it is a super area for growth for the future. One problem Americans face is dealing with Obama's FATCA laws which involve lots of paperwork and some banks do not want to even let you open an account. I was hoping Trump would repeal that.
I'm sure you can pay someone off to keep your account on the down low. One of the reasons why I love corrupt countries like Vietnam. It's actually much more free lol
3:20 China does not accept dual citizenship
9:20 Asia has more restrictions on its citizens than other parts of the world. Wouldn't want to be a citizen of some of these countries, but happy to be a resident and be treated as a foreigner that's welcome who's bringing money. Asia as a region prioritizes wealth. They want people to come with wealth.
●Malaysia
●Philippines
●Thailand
You forgot to mention the Philippines, Andrew
Philippines is a great place to live and has a good retirement visa (35 years and up). It is also friendly in terms of tax laws of foreign sourced/earned income. English speaking, cheap to live, friendly people and 7,000 Islands to explore - well about 1,500 inhabited.
@@coocoocachooglin Any income earned outside of Philippines is not taxed in the Philippines - so if permanent resident no additional tax on retirement/other income coming from another country - But as always please check with an accountant for your own situation.
I heard that Phillipines require 10 years of stay for citizenship.
I don't about that LOL, a UAE citizenship gets you Universal Basic Income, Health Care and Education on zero tax. Sounds like a pretty good gig if you ask me.
UAE citizenship is almost impossible for foreigners, a bit easier for citizens of the Arab league, but the rest of thr world no, you need to live there for 20 years, speak fluent Arabic and have a clean record during the 20 years.
@@morceen Yeah I know, in the video he said he wouldn't entertain the idea of a UAE citizenship LMFAO. Probably the world's best passport imagine Scandinavia benefits with no tax. That's the Emirati passport.
@@MCWhiffles
Yeah no one would say no to that, that's why it's so hard I guess.
Thats really interesting Asian ppl rush to get Western passports with wealth and money, here talking about Asian passports. If you have a solid first passport, may be the second one will give you convenience. But still need to look into the history and system of these countries as some of them has no proven records.
I think I would give up my us citizenship for the Malaysian citizenship lol
Ahmed Global its nearly impossible for people to get malaysian citizenship
married to Malaysian. or do a very important business that Malaysian.
Good luck with that. It's nearly impossible to get Malaysian citizenship.
Isit possible to get malaysia citizenship if you know the right people?
wait until you go there. It sucks
Bali 😄😄
You seem to be ignoring the continent of Africa other than South Africa. Why?
Lol I wonder?
Hong Kong allows dual citizenship
Yeah but it’s almost impossible to get citizenship. PR is easier but the passport is almost impossible if you weren’t born there.
@@evanserickson not true.. you just have to put in the time.
@@evanserickson how about if we give them extra money
@@evanserickson it is possible if u apply after u get a hk pr. the naturalization acceptance rate (70-80%) is higher than u think.
For HK, Don’t you need to naturalize to become a Chinese national first? Doesn’t that mean that you give up your existing citizenship?
I've heard that South Korea doesn't support dual citizenship
Dual citizenship is allowed for foreigners. Koreans have to renounce the Korean citizenship when they acquire a foreign one though.
@@alchemira If I become a citizen of S.Korea, can I join the military for 2 years too, (I heard immigrants were exempted, but if I get a chance I would love to do it).
Also, my country (Pakistan) allows Dual citizenship with only 19 countries and SK isn't one of them, so I won't be bothered by that.
@@alchemira You are from Korea?
Lol your expression on Libya 🇱🇾 😂
So…….nowhere
Does it possible to obtain Indian citizenship by descent?
As a former Indian citizen I can say it is possible t get an "overseas citizen of India" card which lets you work live in India. After a certain period of residence it would be possible to get citizenship . The OCI card will be granted to anyone with parents or grandparents that were born in India. Realize that if you take up Indian citizenship you will have to give up any other citizenship.
Where are you from though?
🇰🇭Cambodia👍
China's dual citizenship policy is not enforced, it similar to Japan's policy.
it is, and it is much harsher than japanese policy. chinese nationality law is not strictly enforced in hk and macau though
@David Uqbarian No dude, it's never enforced. The rule also gets looser in recent years. For example, if a Chinese citizen wants to renew their Chinese passport outside China, he is required to provide non-naturalization proof (like visa/green card) of the residing country, but 2 years ago, China abolished this requirement. Today, if you want to keep your Chinese passport, all you need to do is to enter/leave China with a Chinese passport.
By the way, most of the people still haven't realized the benefits of a Chinese passport, it's probably the only no-obligation passport in major countries. No mandatory military service / No inheritance tax / No capital gain tax / No annual tax reporting requirements.
@David Uqbarian This can happen if someone tries to use a non-Chinese passport to enter/exit China. by the way, I predict China will implement a US-like dual-citizenship policy very soon.
@@jqueryrocks What was the source of the info on China's passport policy?
I'm definitely looking at South Korea and Singapore. I'm learning Korean and I need to improve. But I want to obtain permanent residency, not citizenship. Singapore, as I was recommended to by taking a quiz "Should Trump get elected, where should you live in?", I heard is really good for business. But I digress, I want to either invest in SoKo or do Real Estate in SoKo.
The quiz should have been "Should Biden get elected, where should you live in? And I´m not a Trump supporter but Biden is much worse.
I wouldn’t want a Cambodian passport if you paid, neither Hong Kong etc ... too close to China.
My goal is to travel anywhere in the world at any time but live in Japan
king cold if you cant speak Japanese youll struggle emotionally. Its a lonely place
Life in Japan is really depressing. It's nice to visit but a horrible place to live.
@@TheAprizzle92 food ??
@@TheAprizzle92 don't know what you are talking about. I've lived in Japan for over 40 years. Love it!
Doesn’t make much sense to make a video about obtaining a second citizenship and then bring up countries where you’ll have to renounce your current citizenship in order to gain theirs.
Fortunately we have hundreds of videos on second citizenship searchable on our channel, and this video speaks to those who may be interested in a particular niche.
Mumbai is filthy but great for investment. The apartment prices go up drastically
You are which country citizen?
how about african countries
Can we have a Hong Kong citizenship somehow at any cost
king cold Hong Kong is quickly being consumed by China. G luck
Hong Kong is a city of China.
Actually many people from HK have British citizenship (Britain was distributing passports prior to the handover) and some people from Macao have Portuguese passports
Not a good idea bro! you could be subject to then turn your Hong Kong passport at any time to the Chinese Gov and then receive in exchange a Chinese passport and have all your assets confiscated !
@@sitepad Not true, HK is special administrative region, with a separate govt, another legal system and independent currency. HK is not (yet) a city of China.
I am not sure why you have missed Taiwan, one of the tigers in Asia!
Should change the name to the “millionaire nomad capitalist”. Then you don’t have to remind people multiple times in every video that you only want business from millionaires.
Asian loves money we have god of money 😂
No no no never get Indian passport
Lol....I'm Indian and totally agree with you....
OCI is good enough although we have seen in the COVID-19 crisis that if you really want to be in India and you have an OCI, India does have the right to refuse entry. So that is the only thing to keep in mind.
Indian Passport Sucks 360!
For me, A Pakistani Indian passport is a way too strong passport, and I really wanna have it.
But yeah, won't prefer it over many other foreign passports.
@@Benhur966 I hope you emigrated and gave up your citizenship since you are so ashamed of it !