I'm in 🇨🇦 and visited Portugal in February and March of 2020 with the intention to move there one day. "One day" can't get here fast enough! Love Portugal so much! Leaving 🇨🇦 behind won't be as hard anymore. It's turned into a dictatorship, and I can't wait to leave. Next year! 🙏🙌
Why would you ever want to leave a country like Canada... I don't think you have really thought this through. I am trying to cross 6 figures so that I can get into Canada. I don't think you realize how hard it is for people from 3rd world countries to get into Canada.
@@cristinaxo that's what votings for. I'm pretty sure that now that the people have seen Trudeau's true face, there is no chance in hell he is coming back. Its all temporary... one election that a swindler comes into power doesn't mean the whole country is dammed for eternity... its all temporary :)
Not sure if this has been requested before already- but can you do a video on the best countries to study and eventually have a citizenship in? There are countries where if you finish an education there, the offer of a permanent residency or citizenship down the line. Would really help some viewers that are still building up their net worths especially during these times. Love the content, cheers!
As much as I loathe the EU, I have great respect for countries like Portugal, Ireland, Cyprus, Malta and Bulgaria. These are some of the more sensible countries in "EU Europe"
EU are planning on abolishing the Golden visa from an article I read the other day. Main reason, people are talking advantage of it.. Abramovich to name one.
The very easy low- to no-cost way to live in Europe is to simply get a job there. That's how I did it and now I have permanent residency in Switzerland.
@@jillianrosario2829 I went down there and interviewed, later got a contract and then got the visa to enter the country. After arriving, I applied for a residency /work permit.
Did you go to Europe without a job and seek one while there as a tourist or did you already have an interview lined with the understanding they would sponsor your work visa? Yes, getting there can be the first step but many of us still need to work which can be the real hurdle.
As an legal resident of Portugal for the past 5 years it has been quite a Journey...Initial residence process pre-covid took some time...I.M.H.O. I would hire an attorney who knows the lay of the land with connections...Once you are in the system to renew residency can be done online...Portugal for me has been an mixed bag...It is a beautiful place that has many things to do in a small package...However do not expect to come here and get things done in a hurry, especially now with everything going on...I have lived in the Capital and a small village each with pros and cons...My advice is to do your homework across the board and plan accordingly...Portugal like everywhere else are feeling effects of both economic woes and conflicts happening...Reality vs. Fiction is entirely all together an different Animal...Those prepared can weather the storm...Those with grandiose ideas about an Ideal place to live on this planet...Will Bomb...🇵🇹😉🤘🤙✌🤟🤠
I wonder what's the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a different turn of events plays out with the stocks they discussed therein
I’d suggest you look into passive index fund investing and learn some more. Buy Companies stock that you think has huge potential to grow. I hired a stock expert who provides entry and exit points on the security I focus on while I go about my other businesses. Investing has no one way to do it, eyes on the prize!!! Mistakes are expensive
@@helenoliver4838 Hi, please could you share more insight for someone who has been in the red for too long? Also, I could use some referrals, how do I reach the expert that assists you?
@@dannyvera8475 My consultant is PRISCILLA DIANE AIVAZIAN I found her on a CNBC interview where she was featured and reached out to her afterward. She has since provided entry and exit points on the securities I focus on. You can look her up online with her name if you care about supervision. I follow her trade pattern and haven’t regretted doing so
@@helenoliver4838 I just looked up this person out of curiosity, and surprisingly she seems proficient. I thought this was just some overrated BS, I appreciate this.
The immigration department is being restructured at the moment. That's one of the reasons for the delays. Very difficult to reach someone on the phone...Also, processing time can depend on which disrtrict you are applying to move to---i.e. which district your Portugal lease/title is registered in: those districts around Lisbon and Porto, for example, where more foreigners apply to live, have more applications backed up and therefore can take longer to process than applications for a visa to live in, say, Bragança.
@@brigitalarsen7335 Good news! We received our approval from the Consulate in London - this afternoon! One month and one day wait all together - we're happy!
Sweden unfortunately is not the peaceful haven it once was… it’s quite crime ridden in Stockholm and big cities especially. Smaller towns are still ok.
@@robertduklus6555 I have no clue about the world? What if I told you that I visited Sweden and Finland almost 4 years ago for my B-Day? You have absolutely no idea what you’re talking about.
You mentioned that "in theory" a residence permit allows one to live elsewhere in Schengen. Would be great to discuss this further in a future episode.
Well, Schengen is a borderless area, which means there are no border controls, so no one really tracks travel within the Schengen area. So you could have a residence permit in Italy and live in Spain, but you would be doing that unofficially.
@@as-1982 right, it might be possible. But UE migration officers are not the Gestapo or KGB either, unless they have a specific reason to look at you (like if you’re a a Russian oligarch maybe or criminal ) they won’t be looking at your expenses.
One thing about the tax situation for an American is if you think of your health insurance premiums as a tax, then Portugal starts making even more sense. Portugal will let you begin using the public health care system as soon as you establish residency, which you can supplement with your own private insurance, which is much cheaper than in the United States. It isn't hard to get the self-sufficient residency visa, you just need to show monthly income that's more than the Portuguese minimum wage (currently €705 per month). They also want to see a Portugese bank account with 12 months of minimum wage in it (€8,460) and a place to live in Portugal for at least 6 months. Immigration lawyers don't push it that much since the fees are much lower (less than $150 not counting costs getting the documents) than the "golden visa", but it takes less time to process, usually around 60 days. One thing to be aware about Portugal is they are going through a major restructuring of their immigration services after a major scandal after an immigrant died in custody of the border protection services (in America, that is called Tuesday).
I recently got my Dominican Republic birth certificate and national ID card. I have been going through the citizenship by descent process since July 2021, or June 2021 if you count the time it took to get my US birth certificate, which was needed for the process. I will soon get my passport. This will give me visa-free access to Russia. I would also like to get citizenship in an EU country and my Dominican citizenship will allow me to apply for Spanish citizenship with two years of residency, instead of the usual 10. Anyone with a citizenship of Ibero-America (including those with Puerto Rican citizenship), Portugal, Andorra, the Philippines, Equatorial Guinea, or France, or if a person is a Sephardi Jew, he or she can apply for Spanish citizenship after two years of living in Spain. If you marry a Spaniard, the residency time required would be reduced to just one year. If you can prove that you have Sephardic Jewish ancestry, you can also gain citizenship in Portugal, without ever setting foot there, or making an investment.
I have been told that many Americans of Spanish & Mexican descent in New Mexico have some Sephardic Jewish descent, the problem is how to prove it. It usually gets discovered through DNA testing.
serbia and republik srpska *(in bosnia) are the edges of the double sided coin. unfortunately there might be war in that region very soon since they want to reunite and the UN in NATO won't allow them to separate from bosnia.
All of Former Yugoslavian states. Kind of Poland(allegedly), parts of the Baltics, Malta and Moldova. Portugal could be interesting but I dont know much about it..
Thanks for this... I am exploring my options as a 100% disabled vet from the US. I have already applied for my Colombian M-11 visa but would like more flexibility.
Sir,I am sorry for Your situation. If You choose Europe,there is an option Retire in The European Union. Also, Slovenia is a good option,in the middle of Europe,strong rule of law,German strict mentality.
One big thing to keep in mind also is what your income sources are. If you are actually retired, and have all you income from US sourced retirement (social security, 401k, IRA, pensions), then France has an excellent tax treaty whereby you are taxed by the US only on that income, and not by France.
Yes, but if you're living abroad, the first $100k for US taxpayers is tax exempt. And if you're married, that doubles to $200k. And although I'm not American, I just know a lot how live overseas and have this exemption, I'm not sure of income generated in the USA (e.g., pensions, IRA etc) are covered under this or not. But if you're thinking about travelling more in retirement, any American moving abroad should consider this factor.
Love Greece. I’m actually Greek and both my parents are citizens but because I’m born out of wedlock they don’t recognize me .. I’m wondering if I can fix this issue with a lawyer ..
@@NigelHyphenJones I’m a Canadian citizen . Born in Montreal. My parents are born in Greece . Had my parents been married it would be a walk in the park . Automatic citizenship. My dad is no longer alive
My understanding is that the Irish Independent Means Visa is not a path to citizenship (Stamp 0 time does not count towards "reckonable residence" for the purposes of future naturalization), however Andrew's comments here seem to suggest that it might be. Very interesting.
So Andrew I certainly have not watched all of your videos. I suppose I’ve seen two or three dozen of them over the last couple months. One of the things I can’t member you ever talking about is Croatia. Croatia seems to be a country where there are a lot of Americans going to they seem to be very friendly to Americans. I have a niece and nephew looking at moving there to work remotely. I would be real interested in knowing your thoughts and opinions on Croatia and things to do with Croatia.
@NostaIgia again thank you Andrew for your life lessons. It’s a good thing that you’re there to protect him or the real Andrew would probably just not survive
Despite the tax incentives of Portugal, such as a 10% flat tax for some, you need to remember that a U.S. person still files taxes in the U.S., and thus if their tax bracket in the U.S. was 22%, then your tax base becomes the minimal federal U.S tax rates. For those who aren’t U.S. tax persons , the 10% flat means 10%. For Americans, it means = your minimal US tax base. I agree a lot of tax planning needs to be done. Also, in Spain, if you are American, the path for citizenship takes 10 years. Still, if you were born in Latin American counties, including Puerto Rico , Brazil, and Filipinos, then it’s only 2. Good general content, but it’s oversimplified. I enjoy your videos. Thanks 🙏
I looked at the nhr in Portugal and have read that stock investments are not included, so have to pay the 28 percent capital gains tax. I never hear Andrew mentioning this important issue if you're living off of your investments. Andrew can you please check this and clarify? Thanks
Would you say that the non-lucrative visa in Spain is a very good one for a National of a Latin America country who can apply for citizenship after 2 years?
It's harder to obtain residency in Spain than Portugal. A lot more bureaucracy than Portugal. I started the residency process in Spain but I get contradictory information. You must find a good sorbet. I was sent from agency A only to be told I should go to agency B which says no to go to agency C which you must make an appointment for a few weeks in advance. When I arrived they would not speak to me unless I had an interpreter (though she spoke perfect English). This was not stipulated beforehand.
A good video that partially answered some of the issues I have raised namely for those who have only $0-$50000 in savings and/or just starting out and have to leave their failing 'western state'. However besides Spain where else is possible if you want to setup in Europe with $0-50000? Obviously golden visas and citizenship by investment is not possible so what do you recommend?
Thank you. I was looking hard at the 7% tax regime in Souther Italy. I was recently told by a tax advisor however that the US looks at this special tax regime different than a standard tax so I can not claim as a foreign tax credit on my US tax return. So even though it is low by EU standards it is still an incremental 7% on WW income. Is this your understanding as well?
Also keep in mind, when you file your U.S tax return, you'll might federal income tax on certain income. So you could potentially be paying federal income tax plus the 7% which cannot be used as foreign tax credit
What are the tax issues for a US resident who wants citizenship in Spain. I heard there is a yearly tax on your retirement investments and not just income.
Andrew, would you know if any countries in Europe would allow one to live as a retiree, but have income from running a RUclips channel? Or would that automatically be considered "employment", even though you are not employed by any entity and the income is passive from advertising.
Don't forget "Dutch American Treaty " Basically US citizen can move to NL, start a biz, save $$$ in Biz account, & get renewable 2 years visa that can lead to Dutch Citizenship.
@@synewparadigm No investment required for DAFT - other than depositing around 4000 euros in a Dutch business bank account. These are basically funds to get you home if your business does not succeed. These funds are in your control at all times, but your visa cannot be renewed if you withdraw them. You DO have to be a US citizen and self-employed through your own Dutch company. Process is relatively easy (and automatic approval unless you have disqualifying factors - e.g. criminal record). Entire process cost me around 2500 euros in fees (visa application, business registration, apostiles for US documents, etc.) and took around 3 months. Unlike many EU programs, you need to complete this process WITHIN the Netherlands, and they give you a temporary visa at your first appointment with IND. In fact, the first step of the process is to rent an apartment or purchase a property in the Netherlands since you need a Dutch address to apply.
Omg Andrew, you mean this isn't a joke video ? I'm in Belgium and can only think of getting OUT ! Schengen has become a BAD JOKE : there is no more "freedom of movement" - as well you must surely know.
I am also interested in these two options specifically. To answer your question I know proof of income. Not so sure if a lump sum in the bank qualifies here. It might. I have Italian ancestors and have a pretty good shot at dual citizenship with a team working on it. For me there was a problem with the bloodline because my Grandfather was born right after my Great grand father came to Ellis island in New York. Looks like I have an in with my Maternal side. Keeping my fingers crossed. If that falls through I would be very happy with Portugal. At the end of the day, the bottom line is that Italy has more to offer. It's Italy. Some may disagree. I think the topography, culture, central location, endless lakes, cities, villages, beaches, islands, mountains, cuisine, people, ect is going to be a tough act to follow for any nation big or small. But having said that, Portugal has a lot going for it. I think you can reside in Portugal on an elective visa (have enough money to not need a job in Portugal, self employed is ok). You would need an income to show of around 500EU per month. All the while earning credit for citizenship with time spent in the country. Thanks Portugal. It's a reasonable entry requirement if you have the time, cash and interest in the country. Does anyone out there know the exact minimum investment in real estate for Golden visa in Portugal? 250k? Is it? To reside in Italy on an elective visa is going to be a steeper climb of 3000EU per month to show the authorities you have enough behind you to stay. Perhaps if you owned a property and paid some taxes and could show 1300 in monthly income and some bank....... I would say anything is possible. Don't quote me on that. In Italy things can be very "by the book" make no mistake........... or somewhat "who you know"...... In my experience it could go either way depending what your bringing to the table. Expect more "by the book" than not. Hope that helps.
Not really, the issue is with US and Russia, nobody cared when Russia invaded Georgia, or when US bombed Yugoslavia 90% of Europe was largely unaffected
Can’t wait to retire in France. Property taxes much lower, great healthcare for much less, excellent trainssystem, proximity to other great countries, super food and wine, wonderful culture, healthier lifestyle, no GMOs, progressive energy policies, progressive thinking, better educated populace who value intellectuals, more things to see and do besides shopping. Dual citizenship with USA allowed. More appreciation of aesthetics and fashion, art, history, literature, everything I love!! And MUCH LESS VIOLENT.
I'm an internationally competitive fencer. I'm also a dual US-Jamaican citizen. I want to train in the UK while going to school there. Is there a visa that can allow me to do that, that also leads to citizenship?
EU citizenship ? - They are discussing a wealth register over there in the EU parliament. What will come next, a wealth tax ? Locating to a EU province such as Germany, Italy, France is like jumping from the pan into the fire. Pro Tip: Stay away from anything EU !
Wisely said.... kindly avoid US allies, EU and NATO countries. Even the Islamic nations are not this worse. I feel quite safe in Muslim countries compared to the so called western nations. Compare the crime rates in GCC countries and then decide
Andrew tell me exactly why I would live in Europe as it spirals into a deep recession ramps up taxes for its new military expansion and absolutely decreases trust in currency security.
For the freedom of movement and passport? If you're worried about those things then move to the Carribbean or those small Oceania countries, a bit higher taxes is the least of EU's issues, but at least you have good and free access to health care, education, infrastructure etc.
I looked up the rules on Irelands stamp 0 program and it says you are not allowed to work while in that program. Even online remote work based in other countries is not allowed.
Hi, I’m not a investor, but I enjoy watching your channel. I was wondering what you thought about the visa I recently read about while researching my grandmothers parents, they were both Hungarian and I have all the birth certificates and proof that said you could become a citizen I think 🤔. EU citizenship by blood. Is this true ?
Sir how I get bank account and tax no also for resident proof .from when I llive in Pakistan so plz guide or some reliable lawyer or consultant ..addresses give me ...for that purposes......
Something you said at the beginning intrigued me. You said if you get residence in a Schengen country that theoretically you could live in any Schengen country. So for example if I got Portugal's D7 Visa could I live in any Schengen country I wanted. Let's say Germany?
In general I think the answer to that is no, but its not really enforceable. If you are able to keep an address in for example Portugal, theres nothing stopping you from buying/renting in Germany and living most of the time there, although technically illegal.
If you Residency in PT through a D7. Then you can reside in PT as per those visa conditions... You cannot then assume you have the right to reside in Germany... You could if you apply for residency in Germany
Andrew, the issue at the moment is Europe is becoming woke and will go broke, with perhaps the exception of the Eastern countries which you like. Its also ironic some of the places we're treated best were considered corrupt dictatorships and are more free on the ground than so called democracies these days, Turkey, Malaysia for example. I need out of my country and I'm looking at Malaysia, Turkey or Eastern Europe
The options mentioned in this video serve me the best thus I would like to get in touch with you. Do share an email so that I may convey to you the exact nature of my circumstances and with your help make the best possible decision. Awaiting your reply. Stay well and look after yourself. Ahmar.
I'm in 🇨🇦 and visited Portugal in February and March of 2020 with the intention to move there one day. "One day" can't get here fast enough! Love Portugal so much! Leaving 🇨🇦 behind won't be as hard anymore. It's turned into a dictatorship, and I can't wait to leave. Next year! 🙏🙌
I wish you all the best in your future endeavors! Godspeed 🙏🏻
Why would you ever want to leave a country like Canada... I don't think you have really thought this through. I am trying to cross 6 figures so that I can get into Canada. I don't think you realize how hard it is for people from 3rd world countries to get into Canada.
If you had lived here in Canada the last 2 yrs you would understand and never want to come here. 🤷♀️
@@cristinaxo that's what votings for. I'm pretty sure that now that the people have seen Trudeau's true face, there is no chance in hell he is coming back. Its all temporary... one election that a swindler comes into power doesn't mean the whole country is dammed for eternity... its all temporary :)
@@mohnishsapra2247 keep lying to yourself,
Not sure if this has been requested before already- but can you do a video on the best countries to study and eventually have a citizenship in? There are countries where if you finish an education there, the offer of a permanent residency or citizenship down the line. Would really help some viewers that are still building up their net worths especially during these times. Love the content, cheers!
I’d love to see this. 👍
agree !
Zayne - You are in the right direction but probably on the wrong site.
@@dovoso5685 I know, but wouldn't hurt to hear the team's perspective on this though.
@@richaz definitely will have a look at it, thanks!
As much as I loathe the EU, I have great respect for countries like Portugal, Ireland, Cyprus, Malta and Bulgaria. These are some of the more sensible countries in "EU Europe"
EU are planning on abolishing the Golden visa from an article I read the other day. Main reason, people are talking advantage of it.. Abramovich to name one.
The very easy low- to no-cost way to live in Europe is to simply get a job there. That's how I did it and now I have permanent residency in Switzerland.
But how do you get a job without getting a visa first?
@@jillianrosario2829 I went down there and interviewed, later got a contract and then got the visa to enter the country. After arriving, I applied for a residency /work permit.
Switzerland is a great place to live. What about the language?
@@synewparadigm There are 4 different official languages, so pick one and learn it.
Did you go to Europe without a job and seek one while there as a tourist or did you already have an interview lined with the understanding they would sponsor your work visa? Yes, getting there can be the first step but many of us still need to work which can be the real hurdle.
As an legal resident of Portugal for the past 5 years it has been quite a Journey...Initial residence process pre-covid took some time...I.M.H.O. I would hire an attorney who knows the lay of the land with connections...Once you are in the system to renew residency can be done online...Portugal for me has been an mixed bag...It is a beautiful place that has many things to do in a small package...However do not expect to come here and get things done in a hurry, especially now with everything going on...I have lived in the Capital and a small village each with pros and cons...My advice is to do your homework across the board and plan accordingly...Portugal like everywhere else are feeling effects of both economic woes and conflicts happening...Reality vs. Fiction is entirely all together an different Animal...Those prepared can weather the storm...Those with grandiose ideas about an Ideal place to live on this planet...Will Bomb...🇵🇹😉🤘🤙✌🤟🤠
Thank you, Andrew.
I look forward to your daily videos; invaluable information and insights.
Happy to hear that. Please subscribe to our channel and make your bell notification to avoid missing our daily videos.
@@nomadcapitalist i am subscribed. Thank you
Can you do more videos like this - that consider "median" income earners? And not just high-net worth individuals
Please do a video about the irish program in more detail. Thank you
Andorra is underrated.
I wonder what's the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a different turn of events plays out with the stocks they discussed therein
I’d suggest you look into passive index fund investing and learn some more. Buy Companies stock that you think has huge potential to grow. I hired a stock expert who provides entry and exit points on the security I focus on while I go about my other businesses. Investing has no one way to do it, eyes on the prize!!! Mistakes are expensive
@@helenoliver4838 Hi, please could you share more insight for someone who has been in the red for too long? Also, I could use some referrals, how do I reach the expert that assists you?
@@dannyvera8475 My consultant is PRISCILLA DIANE AIVAZIAN I found her on a CNBC interview where she was featured and reached out to her afterward. She has since provided entry and exit points on the securities I focus on. You can look her up online with her name if you care about supervision. I follow her trade pattern and haven’t regretted doing so
@@helenoliver4838 I just looked up this person out of curiosity, and surprisingly she seems proficient. I thought this was just some overrated BS, I appreciate this.
We're going through the D7 process for Portugal. Currently, maybe slower than normal - due to the refugee situation.
The immigration department is being restructured at the moment. That's one of the reasons for the delays. Very difficult to reach someone on the phone...Also, processing time can depend on which disrtrict you are applying to move to---i.e. which district your Portugal lease/title is registered in: those districts around Lisbon and Porto, for example, where more foreigners apply to live, have more applications backed up and therefore can take longer to process than applications for a visa to live in, say, Bragança.
@@brigitalarsen7335 Good news! We received our approval from the Consulate in London - this afternoon! One month and one day wait all together - we're happy!
@Nomad Capitalist reported obviously.
so be a refugee then
@@anticoingr9111 thankfully we do not need to. Our visa has been approved - we are now living in Portugal.
I’m from the US and my Top 3 countries I would love to move to are Sweden, Andorra or the Norwegian island of Svalbard! ❤️
Lol Sweden and Norway
@@saivenkatcherukuri Daniel obviously have no clue about the world, but it sounds like he likes petting polar bears
Sweden unfortunately is not the peaceful haven it once was… it’s quite crime ridden in Stockholm and big cities especially. Smaller towns are still ok.
@@robertduklus6555 I have no clue about the world? What if I told you that I visited Sweden and Finland almost 4 years ago for my B-Day? You have absolutely no idea what you’re talking about.
@@SuperPrincessHearts I was in Stockholm when I first visited and felt pretty safe, I didn’t experience anything bad while in Sweden.
You mentioned that "in theory" a residence permit allows one to live elsewhere in Schengen. Would be great to discuss this further in a future episode.
Well, Schengen is a borderless area, which means there are no border controls, so no one really tracks travel within the Schengen area. So you could have a residence permit in Italy and live in Spain, but you would be doing that unofficially.
@@moniq56 They might track you where you spend the money.
@@as-1982 right, it might be possible. But UE migration officers are not the Gestapo or KGB either, unless they have a specific reason to look at you (like if you’re a a Russian oligarch maybe or criminal ) they won’t be looking at your expenses.
@@moniq56 what about irish residence permit
@@huramshahz6844 sorry but no idea. I have always lived in Schengen EU.
thanks for these videos, I'm learning a lot on these and seeing what makes sense for immigration to Europe from the USA
One thing about the tax situation for an American is if you think of your health insurance premiums as a tax, then Portugal starts making even more sense. Portugal will let you begin using the public health care system as soon as you establish residency, which you can supplement with your own private insurance, which is much cheaper than in the United States. It isn't hard to get the self-sufficient residency visa, you just need to show monthly income that's more than the Portuguese minimum wage (currently €705 per month). They also want to see a Portugese bank account with 12 months of minimum wage in it (€8,460) and a place to live in Portugal for at least 6 months. Immigration lawyers don't push it that much since the fees are much lower (less than $150 not counting costs getting the documents) than the "golden visa", but it takes less time to process, usually around 60 days.
One thing to be aware about Portugal is they are going through a major restructuring of their immigration services after a major scandal after an immigrant died in custody of the border protection services (in America, that is called Tuesday).
Finally, we live in our minds
I recently got my Dominican Republic birth certificate and national ID card. I have been going through the citizenship by descent process since July 2021, or June 2021 if you count the time it took to get my US birth certificate, which was needed for the process. I will soon get my passport. This will give me visa-free access to Russia. I would also like to get citizenship in an EU country and my Dominican citizenship will allow me to apply for Spanish citizenship with two years of residency, instead of the usual 10. Anyone with a citizenship of Ibero-America (including those with Puerto Rican citizenship), Portugal, Andorra, the Philippines, Equatorial Guinea, or France, or if a person is a Sephardi Jew, he or she can apply for Spanish citizenship after two years of living in Spain. If you marry a Spaniard, the residency time required would be reduced to just one year.
If you can prove that you have Sephardic Jewish ancestry, you can also gain citizenship in Portugal, without ever setting foot there, or making an investment.
I have been told that many Americans of Spanish & Mexican descent in New Mexico have some Sephardic Jewish descent, the problem is how to prove it. It usually gets discovered through DNA testing.
Is any country in Europe not turning into a technocratic dictatorship?
None.
@@karlbenz5636 as long as it's in the EU, it isn't an exception and never will be.
Romania
serbia and republik srpska *(in bosnia) are the edges of the double sided coin. unfortunately there might be war in that region very soon since they want to reunite and the UN in NATO won't allow them to separate from bosnia.
All of Former Yugoslavian states. Kind of Poland(allegedly), parts of the Baltics, Malta and Moldova. Portugal could be interesting but I dont know much about it..
Thanks for this... I am exploring my options as a 100% disabled vet from the US. I have already applied for my Colombian M-11 visa but would like more flexibility.
Sir,I am sorry for Your situation.
If You choose Europe,there is an option Retire in The European Union.
Also, Slovenia is a good option,in the middle of Europe,strong rule of law,German strict mentality.
I am right behind you bro. Similar journey
One big thing to keep in mind also is what your income sources are. If you are actually retired, and have all you income from US sourced retirement (social security, 401k, IRA, pensions), then France has an excellent tax treaty whereby you are taxed by the US only on that income, and not by France.
Yes, but if you're living abroad, the first $100k for US taxpayers is tax exempt. And if you're married, that doubles to $200k. And although I'm not American, I just know a lot how live overseas and have this exemption, I'm not sure of income generated in the USA (e.g., pensions, IRA etc) are covered under this or not. But if you're thinking about travelling more in retirement, any American moving abroad should consider this factor.
@@owenbreward4974 That exemption only works for foreign earned income. US sourced retirement income would not qualify.
I'm european and i don't want to go back to Europe, due to this war and until know what comes out of this.
good choice
Love Greece. I’m actually Greek and both my parents are citizens but because I’m born out of wedlock they don’t recognize me .. I’m wondering if I can fix this issue with a lawyer ..
Oh gosh
@@NigelHyphenJones I’m a Canadian citizen . Born in Montreal. My parents are born in Greece . Had my parents been married it would be a walk in the park . Automatic citizenship. My dad is no longer alive
stay in canada its better
@@australianpatriot 😂 yeah right . Maybe for someone that’s broke . Not for me
@@thecriticalnous 7 figure net worth and above? I doubt that but anyway man
My understanding is that the Irish Independent Means Visa is not a path to citizenship (Stamp 0 time does not count towards "reckonable residence" for the purposes of future naturalization), however Andrew's comments here seem to suggest that it might be. Very interesting.
So Andrew I certainly have not watched all of your videos. I suppose I’ve seen two or three dozen of them over the last couple months. One of the things I can’t member you ever talking about is Croatia. Croatia seems to be a country where there are a lot of Americans going to they seem to be very friendly to Americans. I have a niece and nephew looking at moving there to work remotely. I would be real interested in knowing your thoughts and opinions on Croatia and things to do with Croatia.
@NostaIgia well thank you Andrew for answering me
@NostaIgia again thank you Andrew for your life lessons. It’s a good thing that you’re there to protect him or the real Andrew would probably just not survive
@NostaIgia
💯 Good perspective.
Can you do a separate video about switzerland and some countries in middle East thanks sir 🎉
Switzerland please.
I got permanent residency in Switzerland after working there for 5 years. So, my only investment was time.
Despite the tax incentives of Portugal, such as a 10% flat tax for some, you need to remember that a U.S. person still files taxes in the U.S., and thus if their tax bracket in the U.S. was 22%, then your tax base becomes the minimal federal U.S tax rates.
For those who aren’t U.S. tax persons , the 10% flat means 10%. For Americans, it means = your minimal US tax base. I agree a lot of tax planning needs to be done. Also, in Spain, if you are American, the path for citizenship takes 10 years. Still, if you were born in Latin American counties, including Puerto Rico , Brazil, and Filipinos, then it’s only 2.
Good general content, but it’s oversimplified. I enjoy your videos. Thanks 🙏
I'm brazilian, what is the path to get Spanish citizenship you mentioned?
I’m Puerto Rican and that’s how I got my Spanish citizenship. :)
@@JohnLixFeliciano nice
I understand that Portugal has 28 prevent capital gains tax on stock trading... Not included in nhr program...
Thanks, Sir
Great video! Thanks Andrew
mexico is far better.
Austria has gone full dystopian. You don't want that citizenship, trust me
Great video, thanks 🙏
Eastern Europe?
I looked at the nhr in Portugal and have read that stock investments are not included, so have to pay the 28 percent capital gains tax. I never hear Andrew mentioning this important issue if you're living off of your investments. Andrew can you please check this and clarify? Thanks
Andorra
Would you say that the non-lucrative visa in Spain is a very good one for a National of a Latin America country who can apply for citizenship after 2 years?
It's harder to obtain residency in Spain than Portugal. A lot more bureaucracy than Portugal. I started the residency process in Spain but I get contradictory information. You must find a good sorbet. I was sent from agency A only to be told I should go to agency B which says no to go to agency C which you must make an appointment for a few weeks in advance. When I arrived they would not speak to me unless I had an interpreter (though she spoke perfect English). This was not stipulated beforehand.
@Korra Norg si cuenta
A good video that partially answered some of the issues I have raised namely for those who have only $0-$50000 in savings and/or just starting out and have to leave their failing 'western state'. However besides Spain where else is possible if you want to setup in Europe with $0-50000? Obviously golden visas and citizenship by investment is not possible so what do you recommend?
0 money 0 chances
@@gurug9797 So what is your advice? Any constructive thoughts or just this negative response?
Portugal. Apply for D7 visa. Just search D7 visa on RUclips for information.
@@as-1982 Ok. Will look into it. Do not know why Andrew doesnt mention this but perhaps he has in a previous video?
@@madsgedanken6903 Yes, he did it, and It's a good option...but you need to be in Portugal 6 to 8 month/year.
Please do a video on Lithuania. Very interesting visa available for €28,000 share capital
Can you, please share a link to a government website stating the conditions of your post? Thanks in advance
lots of requirements... shit program
Thank you.
I was looking hard at the 7% tax regime in Souther Italy. I was recently told by a tax advisor however that the US looks at this special tax regime different than a standard tax so I can not claim as a foreign tax credit on my US tax return. So even though it is low by EU standards it is still an incremental 7% on WW income. Is this your understanding as well?
Also keep in mind, when you file your U.S tax return, you'll might federal income tax on certain income. So you could potentially be paying federal income tax plus the 7% which cannot be used as foreign tax credit
@@VictorGersten Thank you Victor. I think much too often important details like this are overlooked until it is too late
Thanks.This is really helpful
What are the tax issues for a US resident who wants citizenship in Spain. I heard there is a yearly tax on your retirement investments and not just income.
Very easy, arriving with a boat as illegal inmigrant to Italy from Africa. They even give you debit cards and apartments for free
...and no v@ksins either
Sounds like a D7 visa?
Europe is not a good place to move now
Andrew, would you know if any countries in Europe would allow one to live as a retiree, but have income from running a RUclips channel? Or would that automatically be considered "employment", even though you are not employed by any entity and the income is passive from advertising.
What about Indian Ocean countries?
Which country in Europe is the best for opening Branch office, especially for commodity trading
Europe is done for.
Thanks a lot!
Don't forget "Dutch American Treaty "
Basically US citizen can move to NL, start a biz, save $$$ in Biz account,
& get renewable 2 years visa that can lead to Dutch Citizenship.
How much you need to invest?
@@synewparadigm No investment required for DAFT - other than depositing around 4000 euros in a Dutch business bank account. These are basically funds to get you home if your business does not succeed. These funds are in your control at all times, but your visa cannot be renewed if you withdraw them.
You DO have to be a US citizen and self-employed through your own Dutch company. Process is relatively easy (and automatic approval unless you have disqualifying factors - e.g. criminal record). Entire process cost me around 2500 euros in fees (visa application, business registration, apostiles for US documents, etc.) and took around 3 months.
Unlike many EU programs, you need to complete this process WITHIN the Netherlands, and they give you a temporary visa at your first appointment with IND. In fact, the first step of the process is to rent an apartment or purchase a property in the Netherlands since you need a Dutch address to apply.
Omg Andrew, you mean this isn't a joke video ?
I'm in Belgium and can only think of getting OUT !
Schengen has become a BAD JOKE : there is no more "freedom of movement" - as well you must surely know.
I would be interested in Portugal and Italy. How much do I gave to show in the bank? Can the money stay in a US bank?
I am also interested in these two options specifically.
To answer your question I know proof of income.
Not so sure if a lump sum in the bank qualifies here. It might.
I have Italian ancestors and have a pretty good shot at dual citizenship
with a team working on it. For me there was a problem with the bloodline
because my Grandfather was born right after my Great grand father came to
Ellis island in New York. Looks like I have an in with my Maternal side.
Keeping my fingers crossed.
If that falls through I would be very happy with Portugal.
At the end of the day, the bottom line is that Italy has more to offer. It's Italy.
Some may disagree. I think the topography, culture, central location,
endless lakes, cities, villages, beaches, islands, mountains, cuisine, people, ect is
going to be a tough act to follow for any nation big or small.
But having said that, Portugal has a lot going for it.
I think you can reside in Portugal on an elective visa (have enough money to not need a job in Portugal, self employed is ok). You would need an income to show
of around 500EU per month. All the while earning credit for citizenship
with time spent in the country.
Thanks Portugal. It's a reasonable entry requirement if you have the time, cash
and interest in the country. Does anyone out there know the exact minimum
investment in real estate for Golden visa in Portugal? 250k? Is it?
To reside in Italy on an elective visa is going to be a steeper climb of
3000EU per month to show the authorities you have enough behind you to stay.
Perhaps if you owned a property and paid some taxes and could show 1300
in monthly income and some bank....... I would say anything is possible.
Don't quote me on that.
In Italy things can be very "by the book" make no mistake...........
or somewhat "who you know"......
In my experience it could go either way depending what your bringing to the table. Expect more "by the book" than not. Hope that helps.
What are your thoughts on Hungarian citizenship given their current political climate? The democratic autocracy is concerning.
Portugal looks nice
🤔 well not sure about this advice as many europeans are looking to move out from Europe currently due to the worsening geopolitical situation...
it only makes sense to leave the west. it’s collapsing
Not really, the issue is with US and Russia, nobody cared when Russia invaded Georgia, or when US bombed Yugoslavia 90% of Europe was largely unaffected
Any program for France where I can go and live without locking into a Golden Visa Program?
fight in the foreign legion
Did you pick this topic because EU countries started closing down CBI like Bolgaria?))
Why pay taxes? Why bother with passports?
Loved the video! Can you elaborate on the requirements for Portugal? Thanks!
Look up the d7 visa. Pretty simple requirements
Can’t wait to retire in France. Property taxes much lower, great healthcare for much less, excellent trainssystem, proximity to other great countries, super food and wine, wonderful culture, healthier lifestyle, no GMOs, progressive energy policies, progressive thinking, better educated populace who value intellectuals, more things to see and do besides shopping. Dual citizenship with USA allowed. More appreciation of aesthetics and fashion, art, history, literature, everything I love!! And MUCH LESS VIOLENT.
Can please you elaborate on the Switzerland option you mentioned here?
It's quite suffocating.... I prefer other European countries far better.
Why do you feel it’s suffocating there? And what other country with tax benefits in Europe with similar climates do you suggest?
@@JC-sk1uj too many restrictions and rules apart from everything being far expensive despite being a highly taxed nation.
You can not apply in Portugal?
How about Poland 🇵🇱
Andorra all day everyday.
Why?
I'm an internationally competitive fencer. I'm also a dual US-Jamaican citizen. I want to train in the UK while going to school there. Is there a visa that can allow me to do that, that also leads to citizenship?
A dueling dual do well citizen
I would go to Jamaica on a heartbeat.
EU citizenship ? - They are discussing a wealth register over there in the EU parliament. What will come next, a wealth tax ?
Locating to a EU province such as Germany, Italy, France is like jumping from the pan into the fire.
Pro Tip:
Stay away from anything EU !
I hope and pray it does not happen.
Staying in the US or Canada isn’t a better option
Wisely said.... kindly avoid US allies, EU and NATO countries. Even the Islamic nations are not this worse. I feel quite safe in Muslim countries compared to the so called western nations. Compare the crime rates in GCC countries and then decide
Switzerland>>>>>
Which one of these countries have zero capital gains tax?
Gibraltar. They are in Schengen now after Brexit.
Switzerland as long you’re not a professional trader.
I don't think europe is really attractive at the moment. More like southamerica, away from all the crisis.
Andrew tell me exactly why I would live in Europe as it spirals into a deep recession ramps up taxes for its new military expansion and absolutely decreases trust in currency security.
Depending on the countries.
For the freedom of movement and passport? If you're worried about those things then move to the Carribbean or those small Oceania countries, a bit higher taxes is the least of EU's issues, but at least you have good and free access to health care, education, infrastructure etc.
America must be so great that everyone is moving to Europe 😂
have a large pile of money. check.
I looked up the rules on Irelands stamp 0 program and it says you are not allowed to work while in that program. Even online remote work based in other countries is not allowed.
How about marrying a citizen? 🤷🏼♂️ is it a viable option
Marriage is never viable in the first place
Hi Sir this Salman sir speak slowly I understand English but you speak very fast some sentences we dont understand
There are subtitles and speed adjustment.
Without lies Islam dies
Monaco beat its all
😂 Yes, if you are a
millionaire.
Doesn't it take 25 years for Andorran citizenship.......nice place, quiet, beautiful but I may not live that long! lol
Is it safe to move to Europe?
I am American, I moved and now Live in Tbilisi Georgia in eastern Europe
I am retired with a decent pension.........
It's. Been awesome here. !!!
@@welkcubnairb1478 are you learning to speak Georgian? It sounds hard.
Hi, I’m not a investor, but I enjoy watching your channel. I was wondering what you thought about the visa I recently read about while researching my grandmothers parents, they were both Hungarian and I have all the birth certificates and proof that said you could become a citizen I think 🤔. EU citizenship by blood. Is this true ?
Call the the Hungarian Embassy
Sir how I get bank account and tax no also for resident proof .from when I llive in Pakistan so plz guide or some reliable lawyer or consultant ..addresses give me ...for that purposes......
Now they are more interested in the v@ksin status than anything else.
that’s why people are leaving the west and eu. makes total sense to me.
Something you said at the beginning intrigued me. You said if you get residence in a Schengen country that theoretically you could live in any Schengen country. So for example if I got Portugal's D7 Visa could I live in any Schengen country I wanted. Let's say Germany?
In general I think the answer to that is no, but its not really enforceable. If you are able to keep an address in for example Portugal, theres nothing stopping you from buying/renting in Germany and living most of the time there, although technically illegal.
If you Residency in PT through a D7. Then you can reside in PT as per those visa conditions... You cannot then assume you have the right to reside in Germany... You could if you apply for residency in Germany
Slovenia is the cheapest,creation of a company,invest in it around 30000 euros and hire EU national for certain time.
@@dimitrovbobby4561after I invest 30,000 euro, can I get permanent resident in Slovenia ? what program?
If you move to Germany from another European country you need to register in the city in Germany where you move to. It is a requirement.
Note to self: Choose a country in Europe not about to he invaded.
id rather learn how to get out 😂
as a 1 or 2 figure entrenpenour
@@bowdybuoy8773 lol
I'm from Cuba I want to fly tf off LATAM and never come back
Andrew, the issue at the moment is Europe is becoming woke and will go broke, with perhaps the exception of the Eastern countries which you like. Its also ironic some of the places we're treated best were considered corrupt dictatorships and are more free on the ground than so called democracies these days, Turkey, Malaysia for example. I need out of my country and I'm looking at Malaysia, Turkey or Eastern Europe
With Ukraine's war, China newest outbreak now spreading.into European Countries. This isn't offering.Great Economic benefits right now.
'China newest outbreak'
Too close to russia, lol
Yes, good timing, let's go move closer to the literal epicentre of the Russian / Ukraine initiated coming world war.
The options mentioned in this video serve me the best thus I would like to get in touch with you. Do share an email so that I may convey to you the exact nature of my circumstances and with your help make the best possible decision.
Awaiting your reply.
Stay well and look after yourself.
Ahmar.