A $250k bond at 0% interest for 5 years saves them about $85k in interest; at 7 years, it saves them about $150k in interest. Somewhat surprising that they would still require a $30k admin fee.
I sold a plot of land and my car for the purpose of obtaining a Vanuatu passport through investment. Five months after I obtained the Vanuatu citizenship and passport, the European Commission imposed a ban on Vanuatu citizens from entering the European Union, so what is the solution?
We found out it is great ideas having a different citizenship & having a lot money if there is nothing hiding activity something taken you away from your believers or missing out some your prayers 5 times a day topic sounds great thank you everyone for sharing
The huge problem is the fact that most people in the USA as well as the USA does not have the capital to invest into anything , we are strapped just to eat and pay rent ?
I would invest in Turkey. If you are buying a house there no way you will lose money. Within 10 years or sthng your property will be worth twice as much as you paid for it. And Turkey is not a boring Caribbean island. If you want a lively city life you got it, if you want a village life, thousands of beautiful villages to choose from, if you wanna be near the sea we have some of the best coasts in the world. And Turkey has a very rich culture and history, Turkish people are hospitable, you will definitely have a beautiful life there if you have got the money. And don’t forget the food.
I've been in Turkey for 9 months. İts not all that people claim. Rules keep changing against foreigners, language is major problem, I understand why Andrew wouldn't want to be here on a permanent basis.
inflation at 10% you are losing $25,000 a year in 5 years what $ purchasing power will your $250,000 have + admin fee ? its a high cost passport buy then housing costs ? health care ?
When considering CBI, I was debating between three different options. Should I do a donation of $100,000 to Dominica or St. Lucia, $250,000 of bonds with St. Lucia, or a $200,000 real estate option with St. Kitts? After much consideration, I went with the Dominica donation option. Their passport was a bit better than St. Lucia for the same price. Also, there were about $30,000 in fees, so my savings with the bond option would have been only $70,000 minus the unearned interest for the holding period. The donation option was cleaner, and in the end not that much more expensive. I really wanted to do the real estate option in St. Kitts, but the 7 year holding period was a deal breaker. If it had been 5 years, I might have considered it. If it was 3 years, I would have jumped at that option.
@@surfreadjumpsleep I'm not planning on renouncing mine, but I believe you would be treated like anyone else from there when it comes to getting a visa.
I could easily 3X $250,000 so yeah …. But if you need to get the hell out of the US then I completely understand. I already have one additional citizenship.
Just be patient and wait for the Epic collapse. Then look for good real estate or business opportunities or by undervalued stocks.. of course you have to do your due diligence to make the right decisions
Intriguing option; I could not find whether the bond is dollar denominated and will be repaid in USD. The worst deal would be to purchase a sovereign bond with USD and be paid back in Caribbean dollars 7 years henceforth. While St. Lucia has never defaulted, that does not mean that a nation that cut its throat in a faux attempt to keep a worldwide virus off its shore can successfully manage the future.
Unfortunately with the South African Rand exchange rate to the Dollar these sums are unrealistic here now 1$ - R19.50. It used to be R6 for every Dollar not too long ago.
Thank you for the video. What is this 100K donation you mention several times during the video? You keep throwing this number around with no context? Can someone explain? Thanks.
St. Lucia and Dominica offer passports and citizenship to those who make a one-time (non-refundable) donation of $100K, plus certain fees. St. Kitts & Nevis does the same, but for (I think) $150K.
Why all your advertising are to people with over 100 to 250.000$ dollars investments? No advising of where to open a company abroad as an entrepreneur?
Gee Andrew, I'm not rich but am a practical guy. Why would you want to live in the Caribbean when they get whacked by every hurricane that passes by? Maybe just go in the winter?
Um, the Dutch ABC islands are outside the hurrican belt, for example. Secondly, I assume you buy insurance, and live elsewhere during hurrican season, as you really are there just for the passport.
I've traveled to the US numerous times and done a fair bit of consultancy work for US firms. The inability to generate significant disposable income speaks far more to personal failure than systemic failure - unless you're a low skilled newer immigrant or got 'divorce-raped'. Not to be disparaging but the minimum amount you should have to even entertain a move to any other country is around $3 mil. The world is a tough place and outside of the USA, unless you're very highly qualified or entrepreneural you're unlikely to be making good money (and in that case you'd probably only be incentivised to leave the US if you've got an 8 figure plus net worth already or were doing business internationally). If you were a retiree trying to live off a pension my opinion would be otherwise but at 40 you should be amassing capital rapidly even in HCOL cities if you put in some effort.
@Eternal Peace history indicates that deeply unequal societies are normative and healthy. The mean and median mean precious little given that the average person lacks economic literacy and even mild ingenuity. I'm South African and the average person here owns nothing but it's still fairly easy to reach the top 1% even in this true socialist hell. PS. I practically live on the markets (and constantly consume global macro and micro economic data) and despite the terrible macro conditions I've had a great year. I just don't expect defeatism on a libertarian-focused channel
he does in a few. He's not a fan because of safety but mostly because it is not a tax haven. I live here on a spousal sponsorship, and could not imagine navigating the bureaucracy via another other option. Even the new digital nomad visa is a mess apparently and few ppl are getting approved so far. Things move very slow here
Andrew never talks about erosion through inflation. It talks about interest rates everywhere in the world and never mentions the inflation rate in that location
@@My_Old_YT_Account they are one of the largest owners of gold reserves by far. The west has almost noting compared to them. He wants to paid in a currency you don’t like. I don’t remember him asking for your opinion.
I would rather get Turkish citizenship bc I can buy a property for $250,000 then buy 2 more income generating properties or I don't like there and buy 4 income properties. So I get income and citizenship. With high inflation everywhere, the stock market is circling the drain, a 0 coupon bond for 5 years where I get my $250k back that is now worth $150 bc of inflation isn't a good deal imo.
That's why I said multiple properties. I could live in the $260k property or not and rent it. In serbia I can buy a 1 bedroom for $95,000 and rent it and get permanent residency. In 5 years, the USD could collapse. Andrew is used to wealthy clients who care less about a loss of this amount
All of Europe and Turkey are in the danger zone of the next big war between Russia China Iran Axis V/S Nato countries. Lots of destruction is coming. Try far away Islands New Zealand, Fiji. Australia.
Numerous countries here in East Asia where l live have zero tax on any capital gains, short or long, from everywhere in the world. No investment taxes and no tax reporting/filing if you live off your investing and don't work, very different from hellholes USSA and EUSSR. Take for eg the country where Andrew owns a condo and has lived there most of his time for the past ten years - malaysia. Or Singapore is more posh but much more expensive. They're both "territorial" tax systems and both have excellent english. I think phillippines is another with those features but I'm unsure as I've not been there. Dubai UAE is another is western asia. Thailand won't tax your capital gains but their english is poor and they have a remittance tax. There's some others like that in the East. But you'll never get citizenship here or perm residency unless you marry a local girl (and not marry same gender as homosexuality is unlawful across almost all of Asia ).
I live in Brazil and I can say Theo cost of living is low,great infraestrutura in The south of Brazil,great climate and free public healthcare for EVERYONE.
@@onlyagreeingsometimes there are several people with dual citizenship, and have passport in more than one country. If you check out of a country you are a citizen of, you are expected to check in with same passport. Same if you check into a country you're not a citizen of, they expect you to use the same passport to exit. When you enter or leave a country, it is stamped, immigration will look for that stamp, and if it's not there, they will assume you are there illegally, and will detain you. There is little reason for a law abiding traveler to travel with more than 1 or 2 passports unless you are a citizen in 10 countries, and plan on a world tour.
@@billtoo4694 sadly a lot of what you said is flat out wrong. USA doesn't stamp passports anymore. Recent change. Australia doesn't stamp passports if you're a citizen. New Zealand doesn't stamp any passports, but you can ask for a novelty stamp if you really like stamps in your passport.
Provided those 10 passports are in the same name with the same photo and none of them are fake, then it's no problem legally. That's not to say that you might not get a TON of questions, but if you've done nothing wrong and you got the passports legitimately, then all you need to do is explain. Explaining doesn't mean they have to believe you and/or let you into their country. They can't take your passports unless they are fakes or stolen, but they can deny you entry and deport you for being "suspect". I travel with 2 passports all the time and routinely switch between them to break my paper trail (I like my privacy). Only one country asked if I have a second passport, Japan. I showed it to them and they said and reacted very little
Well I am married to a Dominican girl but maybe it is cheaper to buy a house. The Dominican passport is not very good. I was able to get citizenship in Panama which has a much better passport. The Dominican Republic is a better pñace to live as compared to a small island but not as good as Panama.
That sounds cheap lol, in Germany it´s al forl free ! Everybody can come here and gets a passport rightaway, even without ever speaking the language. You missed that one ?
Things are changing fast. Turkey is also an option for Russians and with $250 if they haven't already raised it to $400k real estate investment, your entire family will get citizenships. What makes it better is you are free to buy whatever land or property you wish unlike in St Kitts where you are forced to buy something overpriced.
A $250k bond at 0% interest for 5 years saves them about $85k in interest; at 7 years, it saves them about $150k in interest. Somewhat surprising that they would still require a $30k admin fee.
If people are paying it, then it would be silly for them not to charge it.
The market dictates prices.
@@FactsMatter fair enough.
I sold a plot of land and my car for the purpose of obtaining a Vanuatu passport through investment. Five months after I obtained the Vanuatu citizenship and passport, the European Commission imposed a ban on Vanuatu citizens from entering the European Union, so what is the solution?
@@duraa161
don't go to Europe?
@@k98killer I invest in Vanuatu citizenship to start business in EU
We found out it is great ideas having a different citizenship & having a lot money if there is nothing hiding activity something taken you away from your believers or missing out some your prayers 5 times a day topic sounds great thank you everyone for sharing
The problem is that in all those years many things can change and you get nothing
The huge problem is the fact that most people in the USA as well as the USA does not have the capital to invest into anything , we are strapped just to eat and pay rent ?
This channel is not for "most people" and certainly isn't for those who are "strapped for cash".
Don't you think that behaviorbis tax evasion? If everyone think and so it this way were services will come from?
@@Michael-Masi-2021it’s for people avoiding paying taxes
I would invest in Turkey. If you are buying a house there no way you will lose money. Within 10 years or sthng your property will be worth twice as much as you paid for it. And Turkey is not a boring Caribbean island. If you want a lively city life you got it, if you want a village life, thousands of beautiful villages to choose from, if you wanna be near the sea we have some of the best coasts in the world. And Turkey has a very rich culture and history, Turkish people are hospitable, you will definitely have a beautiful life there if you have got the money. And don’t forget the food.
Agreed! Same here
how much property I should buy if I want to get residency visa ?
@@ivanoov3285 for residency permit over 75 thousand USD in big cities like Istanbul, or over 50 thousand in small ones.
I've been in Turkey for 9 months. İts not all that people claim. Rules keep changing against foreigners, language is major problem, I understand why Andrew wouldn't want to be here on a permanent basis.
@@jasonfraser1317 who is Andrew?
'or i've got an opportunity when crypto comes back in 5 years'... priceless, hendo! 🤣🤣🤣
next crypto bull run in 2027?
Thank you so much!
I'm learning so much from you
All this is assuming the bond is investment grade. If it isn't you might as well do the donation as the opportunity cost is significant.
inflation at 10% you are losing $25,000 a year in 5 years what $ purchasing power will your $250,000 have
+ admin fee ?
its a high cost passport buy then housing costs ? health care ?
Its a pity these programs are not more accessible to those of us who dont have that level of wealth. $50k etc or if they had programs like Thailand.
The point of the program is to keep people out that will vote in a way that would ruin the program.
@@jasoncrandall Makes no sense at all "vote in a way that would ruin the program" ?
@@2ndTim3_1-6 you don’t want your country filling up with mooches.
This makes total sense. Why would any country want to be littered by poor people?
@@rednafi $50k is not poor but more reachable.
Waiting for the Greece Golden Visa video (changes to the system)
What are the changes
When considering CBI, I was debating between three different options. Should I do a donation of $100,000 to Dominica or St. Lucia, $250,000 of bonds with St. Lucia, or a $200,000 real estate option with St. Kitts? After much consideration, I went with the Dominica donation option. Their passport was a bit better than St. Lucia for the same price. Also, there were about $30,000 in fees, so my savings with the bond option would have been only $70,000 minus the unearned interest for the holding period. The donation option was cleaner, and in the end not that much more expensive.
I really wanted to do the real estate option in St. Kitts, but the 7 year holding period was a deal breaker. If it had been 5 years, I might have considered it. If it was 3 years, I would have jumped at that option.
@@surfreadjumpsleep No actually they get way more applications than St. Lucia by far.
@@surfreadjumpsleep I'm not planning on renouncing mine, but I believe you would be treated like anyone else from there when it comes to getting a visa.
@@LoveClassicMusic0205 what do you mean holding period?
I live in Brazil and have a great life .
@@bepreparedforwhatscoming4975 That's how long you have to own it before you can resell.
I could easily 3X $250,000 so yeah …. But if you need to get the hell out of the US then I completely understand. I already have one additional citizenship.
Just be patient and wait for the Epic collapse. Then look for good real estate or business opportunities or by undervalued stocks.. of course you have to do your due diligence to make the right decisions
Intriguing option; I could not find whether the bond is dollar denominated and will be repaid in USD. The worst deal would be to purchase a sovereign bond with USD and be paid back in Caribbean dollars 7 years henceforth. While St. Lucia has never defaulted, that does not mean that a nation that cut its throat in a faux attempt to keep a worldwide virus off its shore can successfully manage the future.
Unfortunately with the South African Rand exchange rate to the Dollar these sums are unrealistic here now 1$ - R19.50. It used to be R6 for every Dollar not too long ago.
Thank you for the video. What is this 100K donation you mention several times during the video? You keep throwing this number around with no context? Can someone explain? Thanks.
St. Lucia and Dominica offer passports and citizenship to those who make a one-time (non-refundable) donation of $100K, plus certain fees.
St. Kitts & Nevis does the same, but for (I think) $150K.
@@neildeltakilo makes sense now. Thanks!
If I do this for me, my wife, and two kids (minors), will my future grand children get citizenship by decent?
Yes
Why all your advertising are to people with over 100 to 250.000$ dollars investments? No advising of where to open a company abroad as an entrepreneur?
Why would you want to get Turkish citizenship everyone triying to get out of there
of course it is back!
what do you think of citizenship on St Vincent and the Grenadines?
I also wanna know...
Gee Andrew, I'm not rich but am a practical guy. Why would you want to live in the Caribbean when they get whacked by every hurricane that passes by? Maybe just go in the winter?
Um, the Dutch ABC islands are outside the hurrican belt, for example. Secondly, I assume you buy insurance, and live elsewhere during hurrican season, as you really are there just for the passport.
Andrew if I was to run away from USA in my mid 40's only have 50K where should I go?
Costa Rica, probably as a resident, not as a citizen
@@bepreparedforwhatscoming4975 what about crime? how about Portugal?
Probably nowhere. It boggles my mind how somebody in their 40s living in the US isn't in a better financial situation.
I've traveled to the US numerous times and done a fair bit of consultancy work for US firms. The inability to generate significant disposable income speaks far more to personal failure than systemic failure - unless you're a low skilled newer immigrant or got 'divorce-raped'. Not to be disparaging but the minimum amount you should have to even entertain a move to any other country is around $3 mil. The world is a tough place and outside of the USA, unless you're very highly qualified or entrepreneural you're unlikely to be making good money (and in that case you'd probably only be incentivised to leave the US if you've got an 8 figure plus net worth already or were doing business internationally). If you were a retiree trying to live off a pension my opinion would be otherwise but at 40 you should be amassing capital rapidly even in HCOL cities if you put in some effort.
@Eternal Peace history indicates that deeply unequal societies are normative and healthy. The mean and median mean precious little given that the average person lacks economic literacy and even mild ingenuity. I'm South African and the average person here owns nothing but it's still fairly easy to reach the top 1% even in this true socialist hell. PS. I practically live on the markets (and constantly consume global macro and micro economic data) and despite the terrible macro conditions I've had a great year. I just don't expect defeatism on a libertarian-focused channel
Andrew what do you think about Brazil? I never hear you mention it
Great country and cheap.
he does in a few. He's not a fan because of safety but mostly because it is not a tax haven. I live here on a spousal sponsorship, and could not imagine navigating the bureaucracy via another other option. Even the new digital nomad visa is a mess apparently and few ppl are getting approved so far. Things move very slow here
Andrew never talks about erosion through inflation. It talks about interest rates everywhere in the world and never mentions the inflation rate in that location
Come to mexico , i got the contacts to fix it all, very cheaply.
help me please 😅😅😅
Have you guys done any off shoring to Russia? I want my interest paid in rubles
Kinda 3 IQ plan, the ruble is a pretty bad currency and they're in a war rn, soon they might be in 2 simultaneous wars too
@@My_Old_YT_Account they’re currency will be the most valuable in the world. They’re in war but they’re winning. They have no signs of losing
@@bepreparedforwhatscoming4975 they're losing lmao, check the land they had won a week into the war compared to now
@@My_Old_YT_Account they are one of the largest owners of gold reserves by far. The west has almost noting compared to them.
He wants to paid in a currency you don’t like. I don’t remember him asking for your opinion.
@@bepreparedforwhatscoming4975 cope
New haircut?
But can you get financing to buy a place in Turkey? Just less cash tied up?
best, safest, top medical, friendly, vibrant democracy....Taiwan.
What's the tax rate?
Free medical after one month.....I worked there for 4 months
viva iran viva libano
did you just say the next play in crypto isn't for 5 years?
will you get to the point you almost fell out of topic feels like click bait
What do you think about Canadian citizenship? It’s kind of free through express entry too.
Get out of Canada! What a disaster it’s going to be soon
Not worth it from a tax perspective.
Every citizenship is good if it gets you a passport. But you do not want to live in Canada full time. Tax tax tax. And cold.
@@Michael-Masi-2021 I can imagine. But nowhere is perfect.
Can I get free passport
Move to El Salvador. LOL!
350 years😵😲☹️🤔
That is not free lol
You have until 2022 to do this? Its 2024 - how old is this video? Certainly not 1 yr old. THumbs down.
I would rather get Turkish citizenship bc I can buy a property for $250,000 then buy 2 more income generating properties or I don't like there and buy 4 income properties. So I get income and citizenship. With high inflation everywhere, the stock market is circling the drain, a 0 coupon bond for 5 years where I get my $250k back that is now worth $150 bc of inflation isn't a good deal imo.
in Turkey it has been raised to $ 400.000
That's why I said multiple properties. I could live in the $260k property or not and rent it. In serbia I can buy a 1 bedroom for $95,000 and rent it and get permanent residency. In 5 years, the USD could collapse. Andrew is used to wealthy clients who care less about a loss of this amount
yeah, good deal
All of Europe and Turkey are in the danger zone of the next big war between Russia China Iran Axis V/S Nato countries. Lots of destruction is coming. Try far away Islands New Zealand, Fiji. Australia.
But same time, Turkey doesn't have visa free entry to a lot of top tier countries. Some of the Caribbean countries can get you into the EU.
I never ever felt so much better to just for rid off those low creatures
Seriously I can not understand the name of multiple videos and the names of the countries you speak on. 🙄
ULTRA GAY
This is ridiculous lol
🦓💨🇬🇧
Hi
I need sende you m'y birth certificat and ask for assistance.
Could you please send me an email?
Thank you
Mir
Feel free to email: help@nomadcapitalist.com
Can you do a video on best country for Day Traders who primarily get taxed in a Short Term Capital Gains basis?
I would also like to know the answer to this
following
Portugal
Numerous countries here in East Asia where l live have zero tax on any capital gains, short or long, from everywhere in the world. No investment taxes and no tax reporting/filing if you live off your investing and don't work, very different from hellholes USSA and EUSSR. Take for eg the country where Andrew owns a condo and has lived there most of his time for the past ten years - malaysia. Or Singapore is more posh but much more expensive. They're both "territorial" tax systems and both have excellent english. I think phillippines is another with those features but I'm unsure as I've not been there. Dubai UAE is another is western asia. Thailand won't tax your capital gains but their english is poor and they have a remittance tax. There's some others like that in the East. But you'll never get citizenship here or perm residency unless you marry a local girl (and not marry same gender as homosexuality is unlawful across almost all of Asia ).
Puerto Rico Act 60, if you’re a US citizen. Completely tax-free capital gains.
How does CARICOM work if you have a Caribbean passport?
Almost free........if U have much money in the 1st place! Seems like a good deal if U are worth 8 figures (10 million dollars) or more!
almost free at a discount?
Brazil is still for me if I would get another nationality
Yeh that’s the best country I’ve been to which is possible to do so and is awesome all around
Citizenship, not nationality
I believe you must learn the language to pass the citizenship test for brazil.
@@samuweljon4001 which is more than fair, def should learn Portugues if you live there
I live in Brazil and I can say Theo cost of living is low,great infraestrutura in The south of Brazil,great climate and free public healthcare for EVERYONE.
Question... what happens if you carry 10 passports at the airport 🛫
Don't mix them up.
@@billtoo4694 will you be stopped, will they be taken... what's the pros and cons
@@onlyagreeingsometimes there are several people with dual citizenship, and have passport in more than one country. If you check out of a country you are a citizen of, you are expected to check in with same passport. Same if you check into a country you're not a citizen of, they expect you to use the same passport to exit.
When you enter or leave a country, it is stamped, immigration will look for that stamp, and if it's not there, they will assume you are there illegally, and will detain you.
There is little reason for a law abiding traveler to travel with more than 1 or 2 passports unless you are a citizen in 10 countries, and plan on a world tour.
@@billtoo4694 sadly a lot of what you said is flat out wrong.
USA doesn't stamp passports anymore. Recent change.
Australia doesn't stamp passports if you're a citizen.
New Zealand doesn't stamp any passports, but you can ask for a novelty stamp if you really like stamps in your passport.
Provided those 10 passports are in the same name with the same photo and none of them are fake, then it's no problem legally.
That's not to say that you might not get a TON of questions, but if you've done nothing wrong and you got the passports legitimately, then all you need to do is explain.
Explaining doesn't mean they have to believe you and/or let you into their country.
They can't take your passports unless they are fakes or stolen, but they can deny you entry and deport you for being "suspect".
I travel with 2 passports all the time and routinely switch between them to break my paper trail (I like my privacy).
Only one country asked if I have a second passport, Japan. I showed it to them and they said and reacted very little
Only 250k plus. Good for a few people. Cool.
Although I am subscribed your videos have not been coming up; I had to search for you. Interesting I think.
Awesome vid Andrew. Can’t wait to make the move in the next year.
Great video, Andrew. thanks as always. Great details and real numbers here.
Our pleasure.
you forgot the 50k for inflation
If you buy a house in the Dominican Republic for more than $200,000 you also get citizenship
Well I am married to a Dominican girl but maybe it is cheaper to buy a house. The Dominican passport is not very good. I was able to get citizenship in Panama which has a much better passport. The Dominican Republic is a better pñace to live as compared to a small island but not as good as Panama.
THanks Andrew.
Cool 😎
Thank you, Andrew, for providing your expertise on this :)
Our pleasure!
I don’t have 100k
I guess 'almost free' can have different definitions based on your income level. O_O
today I learned almost free means I'm poor
😂😂😂
Is it possible for a global tax to ruin your tax savings with a Caribbean tax residence?
Fast track in deed. Your speech is incredibly fast and hard to keep up.
Don’t buy properties in little islands like West Indies, Mauritius, Seychelles, especially beach front. These will be under water in 20 years
This is perhaps the stupidest comment I’ve seen on this channel.
I don’t think so! Otherwise banks will not lend money to buy front sea properties in Boston or Miami
where is better sant kitts or Dominica
That sounds cheap lol, in Germany it´s al forl free ! Everybody can come here and gets a passport rightaway, even without ever speaking the language. You missed that one ?
they’re giving it to curry landers
???? ARE YOU KIDDING !!!!
Though you were going to say Trinadad and Tabago, lol....
Love ya Andrew!! Thanks so much for your excellent videos!!
Our pleasure.
Can you tell please is this program works for Russian?
Saint Lucia is currently not available for Russian citizens. The only one available in the Caribbean is Grenada.
@@ladlem3 thank you for answer.
Things are changing fast. Turkey is also an option for Russians and with $250 if they haven't already raised it to $400k real estate investment, your entire family will get citizenships. What makes it better is you are free to buy whatever land or property you wish unlike in St Kitts where you are forced to buy something overpriced.