I think the best place would be a tropical paradise that is member of the NAM and a signatory of the NNPT. If you are a Christian with a mission in these countries, church properties are huge.
Panama is a good example, as their teak program, is a good deal for Americans. If you have a solid passport anyway, why not look into the Dominican Republic? Casa de Campo, is as nice as where I live in Miami Beach.
British judges have decided that every tie to the territory of the United Kingdom, and every bank and brokerage or currency exchange accounts must be shut; and if every condition is met, and the UK HMRC notice to exit on a permanent basis is accepted; then UK tax residency is extinguished! / / \ \ However, my intention is to work as a British citizen in the UK city of Derry for 31 days, and use my retirement tax benefits! The residue of time is more than six months working in Turkey, (and on a path to citizenship,) with a work permit for my own Turkish (Bursa) resident company, use their dividend participation exemption; and combine this with an Egypt resident company, based in Nuweiba Free Economic Zone (25% foreigners quota, and 10% corporate tax), near to SSH Airport! Tax treaties can net off my own tax issues! Keep up the great work!
Do you have any recommendations for sites to check out for secondary+ citizenships or more visa-free travel for those who are not as wealthy? I see your videos mostly as a fantasy, but wondering if there's anything more realistic out there for people of different economic statuses.
As a personal comment based on my life experiences: I can justifiably say that for at least the last 50 years, there has been an established and strong American norm to consider certain people (as due to their [pre-determined] racial color ethnicity financial standing and etc...) as people with inherited qualities that should be accepted and recognized as being: "at the bottom of the barrel", "the worst of the most negative" and "the ones to look at as being demoralizing threats for a successful life and are/or positive future". For many years now the unknown as well as the well-known elitist have always done things (especially through the most popular media channels) to further enhance and forever extend this perception. Consequently this has involved the ethnicity utilization tactic of turning one nation of people against another nation of people; thus, essentially allowing people from other nations to have national USA priority, even over those who supposedly are already citizens of the USA State. All of that being said, as far as the United States is concerned and as has been economically reported, in actuality you now have a situation whereas primarily Chinese, Indian and Latin-South American (and/or associated others) citizens now control and/or own all the major buildings, businesses and/or even job markets within this USA nation. Although it is true and can be respected to say that all people of all Nations have a right to promote their own success; nevertheless, the American elitist (and their worldwide cohorts) having inevitably created a system whereas they and their children are now subjected to the same: rules, restrictions, economic fall-out, danger, disgrace, drugs, & etc... that they themselves had unrighteously directed towards all those who they felt most threatened by. Subsequently, without question, they are now trying to depart and escape the destruction that they themselves have initiated. Per example: look at all of the now continual, ongoing drug infestations, unnecessary domestic as well as global mass killings that is supported by and through the newer generations of South American countries. They have created an international system of problems that they're now trying to run away from. WR
I am a dual British ( born in Scotland) and Australian citizen and have lived in Australia for 42 of my 47 years. Would l need to abandon my British passport if wanted another passport? Or should I just stick with those two?
Fat Cat is right. I have Canadian citizenship (by birth) and I lived for 30 years. Jamaican (by descent). Australian by naturalization. All three countries allow dual so I never had to give up on any of them.
hey man love your content👍i just have a question i'm having trouble answering. If you move money through your off shore bank account in a country that is a tax haven then move that money to your other off shore accounts, do you still pay tax?
Depends is the short answer. Normally the gains are the only things that are taxed, not the movement, so for example, if you get interest, your interest is taxed, but if you just moved it, no problem. Find an accountant who specializes in that to get actual advice rather than my general answer which is not and should not be considered financial advice :P
i am italian, i have german grandma so i could apply for german citizenship by discent, is it worth to get the german passport ? i know germany makes problems to get dual citizenship, what's your idea nomad capitalist ?
You can get one in any case, deal citizenship is not a problem for you, because you are already an EU citizen so all EU countries accept other EU citizenships
If a brown/black person made a video about where brown/black people should immigrate to, they'd get sooo much hate. It's sad how much a person's skin color can be a reason for hate. Unless you're white.
The pecking order is certainly interesting, as a South African citizen living in Australia I wanted to travel to the US. I went to the US consulate in Sydney with a folder of documents and prepared for a hundred questions. Australians don’t need US visas so everyone in there were from B grade countries. Some people in front of me were in the interviews rooms for ages. When I walked in she only asked me two questions: why was I travelling to the US and what was my visa status in Australia. As soon as I told her I had Australian permanent residence she told me all good, no more questions and that was it.
As an upcoming entrepreneur starting from the bottom, I feel that it's best to move to a country with a very low cost of living (a lot of Asian countries)
Andrew I know you’re not huge of EU citizenship, but a Canadian, American, Australian or New Zealander has a lot to gain from it. Especially to be able to pass along to kids
@@inaaranur1611 Yes, Mr. or Mrs. Firey Light, I trust French (language), the French people (apart from the conspiracy theorists of course), and the French government. I have lived in both Egypt and Saudi Arabia. I wouldn't trust more than two or three people there. And the UK? What a larf!
@@inaaranur1611 The French passport gives me immediate access to work in 26 other countries, but I'm happy just sitting on the beach 🏖🇪🇺🇫🇷. My British passport is gathering dust but will be renewed.
My Mother was born in Newfoundland in 1917 and left there in 1945 to come to the states with my Father. Her Newfoundland passport stated that she was a 'subject of Great Britain' and since she never lived in Canada, should I try for a British passport? And, since I already have a U.S. passport, would it benefit me to try for a British passport at this time of covid?
Bro yes ofc, I would literally die to be in ur position. Do u know how hard it is to get a British Passport? You just got an easy free pass into a British passport. Sadly I got my Canadian passport recently, so not under British rule lol. But yes definitely go through with this.
Family tree does not work for me :( All back to my great grandparents were born in Australia, and only two of my great great grandparents were not born here. It’s cool I was born in Australia but so many people i know have extra passports from grandparents or even parents born elsewhere.
What if one is from an EU country? On on side the passport is very strong, but on the other side taxes are foolish... would you give up such a passport anyway?
They are great travel documents, but the best day are in the past for western countries, unfortunately. There is also a risk if you are a high net worth individual they will implement a global taxation scheme.
You don't need to give up the passport. If you leave in most cases, you will not be a resident of your country anymore. Then you have the ability to choose where you want to go and pay no tax to your home country unless you derive income there.
Hi, Really love your content! How does one acquire a family tree outside of online services ? Back when Portugal was granting passports for sephardic jew ancestry, I had reached out to an attorney in Israel, however my family is super broken in terms of communication & without the family tree I wasn't able to proceed further. I'm multiracial, with my Father coming from Ecuador and having Irish & Italian decent on my maternal side. I've dreamed of having dual citizenship my entire adult life and really want to achieve it! Thanks again.
Andrew, there has been a huge crying in the independent music entertainers industry lately, because music distributors in the USA (the ones sending our songs to Spotfy, Tidal, etc and collecting our royalties from all over the world) are withholding 30% of money generated globally from Nonresident aliens. Is there any way to not pay this 30% since we are not even living in America (I've never been there)?
you may set up a German, Greek, or Hungarian corporation, which is subject to zero withholding royalties from the US. However you need to ensure that you will not then be liable for corporate taxation in the country in which the corporation has been created.
Yes. You probably even do it without a lawyer if you have your mother’s documents (ie a passport, birth certificate). Contact a Portuguese embassy. They’re usually very friendly and accommodating. Good luck.
@@laurayale369 I wasn’t trying to be negative. It’s going to take a lot of reading paper work. Good luck. Let me know if you’re successful? May be we could just get married🤦♂️😏
So if you are an American in a country working with a work Visa that includes residency while you are there , say 3 -5 years, would it be wise to buy an apartment to get the second citizenship? If I'm going to be there and my employer gives me a monthly stipend for "rent" it can pay for some of my real estate investment. This is a question not from a 7 or 8 figure perspective obviously. Egypt sounded interesting.
I am hoping my crypto investment will get me into your group soon. I am a us citizen and know that I could qualify for an Irish citizenship. For tax benefits is there any real advantage in getting an Irish passport Also I have heard you talk about Puerto Rico and investing in crypto to tax free. If my crypto goes up in value before I leave my mainland address then move to PR before making trades on my current holding will this be a tax issue for me I understand I am not a current member an if you cannot give me answers at this time I understand I have bought your book and I am looking forward to your live program Wow I just look at some of the dates of the other post . Some of them are several months old If you have someone looking at these old video post could someone let me know if there is going to be a live event
Can you do a video on ‘closer ties ‘ ‘IHT’ and how to ‘change domicile ‘ and the difference between resident , tax resident , citizenship and domicile ? How do courts rule on closer ties if using your trifecta strategy ?
Thanks for sharing Andrew. I am about fed up with the atmosphere here in the US and would like to explore other countries when this pandemic is over. I have a US passport I just recently received. But I'm exploring to get other passports. As of now, I'm just educating myself while in this pandemic. In the US, I experience the same nonsense on a daily basis. Which consist of people pretending to be friendly to you but in a covert mentality to work angles playing games. As soon as I see people getting close to me, they are nothing but potential trouble waiting to be happen. The US is the most immature country to live in. A tough discovery I came to the conclusion of. Take care!
Turkish citizenship by investment is probably the best option for a westerner. Offers additional visa free access , political diversity and a huge diplomatic mission network to call upon.
Your knowledge base never ceases to amaze me. Thank you for consistently creating such great vids! 🙏🏻
I second that... 👍
I love how timely this advice. Specific to the current pandemic. Thank you, Andrew!
You're so welcome Alejandro!
I think the best place would be a tropical paradise that is member of the NAM and a signatory of the NNPT.
If you are a Christian with a mission in these countries, church properties are huge.
Great and full explanation of options for Westerners. Thank you very much.
Panama is a good example, as their teak program, is a good deal for Americans. If you have a solid passport anyway, why not look into the Dominican Republic? Casa de Campo, is as nice as where I live in Miami Beach.
Can you make a video about what are the disadvantages of investing in foreign approved real estates or foreign government bonds?
British judges have decided that every tie to the territory of the United Kingdom, and every bank and brokerage or currency exchange accounts must be shut; and if every condition is met, and the UK HMRC notice to exit on a permanent basis is accepted; then UK tax residency is extinguished! / / \ \ However, my intention is to work as a British citizen in the UK city of Derry for 31 days, and use my retirement tax benefits! The residue of time is more than six months working in Turkey, (and on a path to citizenship,) with a work permit for my own Turkish (Bursa) resident company, use their dividend participation exemption; and combine this with an Egypt resident company, based in Nuweiba Free Economic Zone (25% foreigners quota, and 10% corporate tax), near to SSH Airport! Tax treaties can net off my own tax issues! Keep up the great work!
Great video! Always great to learn something new and unique topics that keep your channel interesting!
👍
Do you have any recommendations for sites to check out for secondary+ citizenships or more visa-free travel for those who are not as wealthy? I see your videos mostly as a fantasy, but wondering if there's anything more realistic out there for people of different economic statuses.
You're looking for citizenship by naturalization. Instead of paying with your money, you pay with your time
@@TheHellogs4444
Yes money too through income tax while waiting
Andrew, at one time both Costa Rica & Belize were popular for second passports. What happened to their popularity?
High crime rates
Lots of Australians in 2021 seeking a new home !!!
Bro you forgot to white balance your camera.. but awesome video thank you!
As a personal comment based on my life experiences: I can justifiably say that for at least the last 50 years, there has been an established and strong American norm to consider certain people (as due to their [pre-determined] racial color ethnicity financial standing and etc...) as people with inherited qualities that should be accepted and recognized as being: "at the bottom of the barrel", "the worst of the most negative" and "the ones to look at as being demoralizing threats for a successful life and are/or positive future". For many years now the unknown as well as the well-known elitist have always done things (especially through the most popular media channels) to further enhance and forever extend this perception. Consequently this has involved the ethnicity utilization tactic of turning one nation of people against another nation of people; thus, essentially allowing people from other nations to have national USA priority, even over those who supposedly are already citizens of the USA State. All of that being said, as far as the United States is concerned and as has been economically reported, in actuality you now have a situation whereas primarily Chinese, Indian and Latin-South American (and/or associated others) citizens now control and/or own all the major buildings, businesses and/or even job markets within this USA nation.
Although it is true and can be respected to say that all people of all Nations have a right to promote their own success; nevertheless, the American elitist (and their worldwide cohorts) having inevitably created a system whereas they and their children are now subjected to the same: rules, restrictions, economic fall-out, danger, disgrace, drugs, & etc... that they themselves had unrighteously directed towards all those who they felt most threatened by. Subsequently, without question, they are now trying to depart and escape the destruction that they themselves have initiated. Per example: look at all of the now continual, ongoing drug infestations, unnecessary domestic as well as global mass killings that is supported by and through the newer generations of South American countries. They have created an international system of problems that they're now trying to run away from. WR
Can you please address the tax implications that might apply to second and more citizenship?
Hi, nice video but unfortunately haven’t give some exact suggestions for some second passport destinations
Sounds like you have to have a lot of money Can you suggest a much faster way to get French passport ...must be short cuts.
I am a dual British ( born in Scotland) and Australian citizen and have lived in Australia for 42 of my 47 years. Would l need to abandon my British passport if wanted another passport? Or should I just stick with those two?
Fat Cat is right. I have Canadian citizenship (by birth) and I lived for 30 years. Jamaican (by descent). Australian by naturalization. All three countries allow dual so I never had to give up on any of them.
hey man love your content👍i just have a question i'm having trouble answering.
If you move money through your off shore bank account in a country that is a tax haven then move that money to your other off shore accounts, do you still pay tax?
Depends is the short answer. Normally the gains are the only things that are taxed, not the movement, so for example, if you get interest, your interest is taxed, but if you just moved it, no problem. Find an accountant who specializes in that to get actual advice rather than my general answer which is not and should not be considered financial advice :P
So what is the best second passport? 🤔
YEMEN AFGHANISTAN SYRIA IRAQ MALI
Conch Republic
CHAZ, Wakanda..
Definitely Iran is number one. 😂
No such thing as best. Depends on your needs, and what's right / doable for your situation. That's why they do personalized advice / planning.
i am italian, i have german grandma so i could apply for german citizenship by discent, is it worth to get the german passport ? i know germany makes problems to get dual citizenship, what's your idea nomad capitalist ?
You can get one in any case, deal citizenship is not a problem for you, because you are already an EU citizen so all EU countries accept other EU citizenships
When you mention citizenship by investment, you often mention St. Lucia, Dominica, and others but seldom mention St. Kitts. Why is that?
Costs more, doesn't as much.
@@rudrabhojbhati2355 What about Grenada?
@@bodyloverz30 Go for it if you need E2 access. Most people would be fine with B1/B2.
See his video on St. Kitts and Nevis.
I am the DOOMSDAY person
If a brown/black person made a video about where brown/black people should immigrate to, they'd get sooo much hate. It's sad how much a person's skin color can be a reason for hate. Unless you're white.
This dude is sketch
Waitting all your new video. Do a video for arab people.
The pecking order is certainly interesting, as a South African citizen living in Australia I wanted to travel to the US. I went to the US consulate in Sydney with a folder of documents and prepared for a hundred questions. Australians don’t need US visas so everyone in there were from B grade countries.
Some people in front of me were in the interviews rooms for ages. When I walked in she only asked me two questions: why was I travelling to the US and what was my visa status in Australia. As soon as I told her I had Australian permanent residence she told me all good, no more questions and that was it.
It's a clique for sure.
Current status during quarantine; Waiting for Andrews daily videos to upload lmao
Andrew + Colombian coffee = Perfect morning routine.
As an upcoming entrepreneur starting from the bottom, I feel that it's best to move to a country with a very low cost of living (a lot of Asian countries)
i got 2 passports 1 Australian and 1 New Zealand..... will get a third St Kitts i think, ....as my search continues....
Andrew I know you’re not huge of EU citizenship, but a Canadian, American, Australian or New Zealander has a lot to gain from it. Especially to be able to pass along to kids
Not American doe oversees taxation
"Pass along to kids", that i was thinking about EU ,Spain specifically
Love this channel!! It’s everything I’ve been googling for years in vid form.
I'm British and don't trust my government anymore (2016)....Now I'm French.
Oh you trust French ?
@@inaaranur1611 Yes, Mr. or Mrs. Firey Light, I trust French (language), the French people (apart from the conspiracy theorists of course), and the French government.
I have lived in both Egypt and Saudi Arabia. I wouldn't trust more than two or three people there. And the UK? What a larf!
@@inaaranur1611 The French passport gives me immediate access to work in 26 other countries, but I'm happy just sitting on the beach 🏖🇪🇺🇫🇷. My British passport is gathering dust but will be renewed.
@@inaaranur1611 Also I lived for 27 years as a British citizen in France before the Brexit referendum.
My Mother was born in Newfoundland in 1917 and left there in 1945 to come to the states with my Father. Her Newfoundland passport stated that she was a 'subject of Great Britain' and since she never lived in Canada, should I try for a British passport? And, since I already have a U.S. passport, would it benefit me to try for a British passport at this time of covid?
Bro yes ofc, I would literally die to be in ur position. Do u know how hard it is to get a British Passport? You just got an easy free pass into a British passport.
Sadly I got my Canadian passport recently, so not under British rule lol.
But yes definitely go through with this.
Andrew, what do you think about mexican citizenship?
You should be a politician I watch this whole video and you did not tell me what the second best passport was
Do another one for Asian countries
How would you get Singapore?
Family tree does not work for me :( All back to my great grandparents were born in Australia, and only two of my great great grandparents were not born here. It’s cool I was born in Australia but so many people i know have extra passports from grandparents or even parents born elsewhere.
please do second passports for middle east country ^_^
Andrew, can you name the names of the countries for residency?
Amazing insights and advice.
What if one is from an EU country? On on side the passport is very strong, but on the other side taxes are foolish... would you give up such a passport anyway?
The European Union will not be around for much longer. Countries are going to leave on mass shortly
@@boristheslav9414 You would think that. But the whole thing can exist as a sort of pseudo corpse for decades even over a century.
@@boristheslav9414 I Hope!!
They are great travel documents, but the best day are in the past for western countries, unfortunately. There is also a risk if you are a high net worth individual they will implement a global taxation scheme.
You don't need to give up the passport. If you leave in most cases, you will not be a resident of your country anymore. Then you have the ability to choose where you want to go and pay no tax to your home country unless you derive income there.
Hi, Really love your content! How does one acquire a family tree outside of online services ? Back when Portugal was granting passports for sephardic jew ancestry, I had reached out to an attorney in Israel, however my family is super broken in terms of communication & without the family tree I wasn't able to proceed further. I'm multiracial, with my Father coming from Ecuador and having Irish & Italian decent on my maternal side. I've dreamed of having dual citizenship my entire adult life and really want to achieve it! Thanks again.
Your videos are always awesome
Why do you not talk about Cabo Verde as a place to live?
Andrew, there has been a huge crying in the independent music entertainers industry lately, because music distributors in the USA (the ones sending our songs to Spotfy, Tidal, etc and collecting our royalties from all over the world) are withholding 30% of money generated globally from Nonresident aliens. Is there any way to not pay this 30% since we are not even living in America (I've never been there)?
you may set up a German, Greek, or Hungarian corporation, which is subject to zero withholding royalties from the US. However you need to ensure that you will not then be liable for corporate taxation in the country in which the corporation has been created.
My Mother was born in Portugal. Can an American senior citizen get a second passport from Portugal?
Yes. You probably even do it without a lawyer if you have your mother’s documents (ie a passport, birth certificate). Contact a Portuguese embassy. They’re usually very friendly and accommodating. Good luck.
I have great grand parents from Germany and from Quebec, Canada. Is that close enough for a passport for either country?
Yes. Canada 🇨🇦
@@openyoureyes3113 Really? That would be incredible! I need to look into this.
@@laurayale369
We like people that can read?
Welcome home 🇨🇦
@@openyoureyes3113 Believe me I can read. I have a PhD (way over educated) and I took French in school although my Spanish is better than my French.
@@laurayale369
I wasn’t trying to be negative.
It’s going to take a lot of reading paper work.
Good luck.
Let me know if you’re successful? May be we could just get married🤦♂️😏
Is it true that if an American buys real estate in Colombia or Brazil they will receive instant citizenship?
No
Nope
Also for people who are from belgium, germany and the Netherlands????
So if you are an American in a country working with a work Visa that includes residency while you are there , say 3 -5 years, would it be wise to buy an apartment to get the second citizenship? If I'm going to be there and my employer gives me a monthly stipend for "rent" it can pay for some of my real estate investment. This is a question not from a 7 or 8 figure perspective obviously. Egypt sounded interesting.
I am hoping my crypto investment will get me into your group soon. I am a us citizen and know that I could qualify for an Irish citizenship. For tax benefits is there any real advantage in getting an Irish passport
Also I have heard you talk about Puerto Rico and investing in crypto to tax free. If my crypto goes up in value before I leave my mainland address then move to PR before making trades on my current holding will this be a tax issue for me
I understand I am not a current member an if you cannot give me answers at this time I understand
I have bought your book and I am looking forward to your live program
Wow I just look at some of the dates of the other post . Some of them are several months old
If you have someone looking at these old video post could someone let me know if there is going to be a live event
I could have a bulgarian and Serbian passport. But I need help with the serbian one. I currently have Austrian and Macedonian citizenship.
My German passport basically needs no visa for the world except few countries in Africa and that sucks. I need an african passport help.
As a resident of austria, I'll add that they do not permit dual citizenship.
hi Andrew, what do you think of UK Innovator Visa as a gateway to British residency/citizenship?
Can you do a video on ‘closer ties ‘ ‘IHT’ and how to ‘change domicile ‘ and the difference between resident , tax resident , citizenship and domicile ? How do courts rule on closer ties if using your trifecta strategy ?
Was that a Speedmaster with a NATO bracelet on your wrist. Nice 👍
Thanks for sharing Andrew. I am about fed up with the atmosphere here in the US and would like to explore other countries when this pandemic is over. I have a US passport I just recently received. But I'm exploring to get other passports. As of now, I'm just educating myself while in this pandemic. In the US, I experience the same nonsense on a daily basis. Which consist of people pretending to be friendly to you but in a covert mentality to work angles playing games. As soon as I see people getting close to me, they are nothing but potential trouble waiting to be happen. The US is the most immature country to live in. A tough discovery I came to the conclusion of. Take care!
Thank You
Thanks!😊
Turkish citizenship by investment is probably the best option for a westerner. Offers additional visa free access , political diversity and a huge diplomatic mission network to call upon.
what's a good one to get for German and French ? we want to live overseas long term