Which Caribbean Citizenship We've Recommended Least
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- เผยแพร่เมื่อ 2 ต.ค. 2024
- nomadcapitalis...
Which citizenship by investment programs should you avoid? In this video, Andrew discusses citizenship by investment programs in the Caribbean and which ones he recommends.
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
The USA should stop taxing worldwide sourced income for their citizens and resident so more citizens will stay thus more remittance will go to USA to sustain economy.
Will never happen and taxes are going up .
Doesn't St. Kitts has zero taxation for people who want to live there? If so, that is a leg up and a reason to pay a "premium".
I hear the banking there isnt good
@@jaxxbrat2634 can u provide more details? what specifically wasn't good about the banking?
Yes except short term capital gains like trading short term crypto or stocks which are taxed.
Triple citizen here. Opening accounts and investing all over the globe. Thanks for the inspiration!
What about citizenship from being an employee of a US based, Fortune 500 company for many years. I thought I heard about this somewhere in the Nomad Capitalist videos.
Still waiting for Dominica to unveil the details for their Entrepreneurs Visa -> Citizenship
Wait, didn't you mention you got your St. Kitts passport while living in Dubai?
Hey Andrew,my country(Peru) may elect a socialist radical president. What secure country can I get a residence permit for me and my family?
Stop Talking and get to the point
Antigua is awesome with crypto. When the taxi driver says I take bitcoin 😳. Whaaattttt I love it. I was not expecting to use bitcoin in the Caribbean. I love Antigua.
That is awesome! How are the taxes for crypto there?
I believe it's bitcoin cash, which isn't Bitcoin.
@@cryptotrader4307 I don't think they have income tax
What is the difference between the citizenship of Vanuatu and the citizenship of Caribbean countries? In my opinion there's no difference, the EU imposed a ban on Vanuatu just five months after I got it. Maybe after I get my St. Kitts passport, the EU will impose the same visa ban on St. Kitts also after five years for example, who knows?? because all the pretexts of the European Commission against vanuatu are abyss and the hidden reason behind the visa ban is that the European Commissioner targets all countries with a program Citizenship by Investment with Visa Waiver Agreement at the same time. The European Commission targeting process extends even to the countries of the Union that grant citizenship to investors.
The Caribbean CBIs have stronger due diligence, pre checks and stricter requirements to who qualifies unlike Vanuatu.
I always wondered about that. What happens when you fork out 100s of thousands of USD for a citizenship that then gets banned by the EU?!
Some Caribbean countries have been in the news for giving out CIBs to known criminals/fugitives/pedophiles. These practices are a guaranteed way to get banned from visa-free travel long-term. Most infuriating is that the locals who have nothing to do with it then also have to suffer the same ban!
There are legal channels to get CBI in St Kitts cheaper all in than Dominica and St Lucia, and the method is endorsed by St Kitts government. I was able to find this out in research with various other reputable companies. Clearly, the option to get the "platinum" passport for less than the lower end option is the winning play.
Really? Got any basic information to share on this? I'd be interested in doing this, but if I spend any more than about ~$100k USD on the dot, then it's not particularly worthwhile for me. I was considering Panama (cliches aside), but it could take ~10-15+ years to pan out.
Please can you share the reputable company ?
@@autotrade3863 you can always check the gov site for approved company
@@20kevron Yes, though it’s changed slightly since the last time I posted that comment but there’s deals to be had. I did it myself
I haven't seen him cover Jamaica or Trinidad as yet
Trinidad does not have CBI, You're either born in Trinidad or have parents/grandparents who you can get dual citizenship through descent. Not sure about Jamaica
I heard that bigger nations might bully these small island nations into taxing people who get citizenship by investment. Is st kitts and nevis heading in that direction long term or is it firm in its no tax beliefs like the cayman islands?
UAE and Quatar are the best options then, they can't be bulied
@@ashutoshkumardixit5657 any country can with sanctions. Plus they are relatively small nations compared to China Russia US France and GB
@@Floof_Factory but those other countries are not tax heavens, and they are member of OPEC group. As long as we are dependent on petrol and gas no one can bully them.
They can't what are they going to do if small carribean country refused to be bullied, invade them again?
@@rondj3495 they could. They could put Immigration restrictions or sanctions. Don't underestimate their power.
I am a US national eligible for Mexican citizenship though the parents/grandparents of my significant other. But the parents can’t believe why we would want a second citizenship, much less in a country like Mexico (in their view). US citizenship was so long the golden ticket in their eyes, but in our eyes not so much. Our view is many parts of Mexico are just fine. Any tips on convincing them to help us? Do we try to give them the full Nomad Capitalist style education?
Sadly within a year they will understand .
As a Mexican citizen, it's easier to get Spanish (EU country) citizenship than solely as a US citizen. Not to mention visa fees to some countries can be cheaper with a Mexican passport than a US one. You can probably get Mexican citizenship without your parents help if you get all the documents lined up.
I think St Kitts has more visa-free destinations than any other Caribbean country
What countries ? This the question...
@@saadfouad3953 EU, UK, etc...
@@revothinkllc same think for other Carribean countries... They also have free visa access for EU, UK, and Shengen area...
@@saadfouad3953 yes, but it adds more mobility if the purpose is to have more options in times of need
Bullshit it's Bahamas
What is the best place to get residency and citizenship with low or no income tax to renounce your US citizenship. I found out US government will not just let you buy citizenship, but also need a permanent residency.
Belize
You can apply monthly for temporary residency. Then after 1 year you get residency. Then after 5 years you get citizenship through nationalization.
Belizean passports are underrated, but most wealthy folks aren’t committed to living there 5 years
St Kitts does the larger family cover adult children. Also what about Barbados
That's what I want to know as well
Barbados don’t have a CBI Program.
We don’t sell off our citizenship 🇧🇧
Fantastic video with great education. This has allowed me to rethink some of my strategy.
This was perfect - succinct, information dense, and so well laid out.
Many thanks, Andrew - for all you do.
Would love to see a house tour of your place in Mexico!
Mr. Henderson doesn't own a home in Mexico. 😊
@@nomadcapitalist Good to know 👍
I heard dominica goona add china and uae for visa free list soon
Is it right ?
yes, I'm Chinese and I am pretty sure that the Dominican passport will become ( probably next year) the 14th passport which could get a visa-free entry to mainland China for at least 15 days.
I don't think anybody should be left out when going for digital assets
Would you please talk slower, not all of us are aware of the accent . Or at least write brief in fixed comment, appreciate your response
I am liking Grenda, what am I missing?
@@RomilCPatel Thank you.
@@amd.amdamd it’s good on paper but not necessarily to live there, I think he was saying
Come on man, can you be more precise and clear in your points and cut the huge amount of BS unless this video intended to be so ,
By the end of 2022 all carabean country will need an ETIAS certificate to enter the Schengen zone.
Can you elaborate on this?
@@KJ-bc3deit's a simple process you enter online you fill your details your first name your email and your first destination in Schengen area after that you will pay 10$ with your visa card after 7 minutes you will receive in your mail box ETIAS you print it and you will take it with you to enter the boarder of your first Schengen destination
@@elhoyboy thanks. Is it only carribean countries that will have to do this ?
I've also heard rumors Schengen zone will be eliminated and not a thing in the future also. Have you heard the same ?
@@KJ-bc3de not only carabean who need ETIAS to enter Schengen area but all countries who can enter Europe without a visa they have to print ETIAS.
all countries including US and Canada.
🇰🇳🇰🇳🇰🇳 as a descendant I will be moving there in retirement
Taxes are a higher priority than going to as many countries as possible with a passport. Unless I absolutely demanded access to a specific country, then taxes are going to be the most important factor. Both income and capital gains taxes, but also not having restrictive requirements like being required to live there.
What country would be a fast, efficient place to move and to qualify for a legal tax residence in a low to No tax country?
@@jonathanbartsch2938 American or non-American? It's two totally different camps.
@@spicysalsaking791 American, reserving the option to expatriate at any time and utilizing the foreign income exclusion or Puerto Rico act 60 as part of a broader tax plan.
@@jonathanbartsch2938 Panama 🇵🇦. Friendly Nations Visa allows permanent residency for $5,000, but it may end or change soon. So don't wait. Citizenship isn't so easy for Panama and could take 15 or 20 years. However, it is cheap and easy to qualify, can get a mortgage in US dollars that will hyperinflate away and its a territorial tax system that does not tax you on foreign earned income. If you are a US citizen, you are subject to worldwide taxation tyranny, but you can claim the foreign earned income tax credit up to like $108,000 and other credits. You can get citizenship and a second passport elsewhere, but it will require either time or money. Ultimately these are all steps toward independence and the option to renounce, if you become ready for that. I want the options of freedom and independence. I will not be told what my fate will be by the government, but rather create my own options and freedom where I'm treated best. Most people rank Panama at the top of their list as part of an ideal plan B, but its just one piece of the puzzle.
@@utube7917 Probably Saint Kits then honestly (if you're staying there more than half the year generally) in terms of taxes, particularly if you're getting just one passport and not a family. Panama is a good choice for permanent residency/longer-term citizenship plans.
What about dominican republic?
If our children get the St.kitts passport by our investment, can they give the nationality to their children (our grandchildren) in the future ?? Also is alternative investment legit or a fraud? Can they revoke it for any reason?? I appreciate any advice,thx
If the child is BORN AFTER you get your Citizenship, then they are automatically eligible for St. Kitts and Nevis Citizenship. If the child was BORN BEFORE you got your citizenship, then they need to be NATURALIZED.
Is it not important to also consider the country' attitudes and regulations. For example, they refused to evacuate un-vaccinated people when recently the volcano erupted. Not sure which country it was but the Caribbean seems to have the same attitude towards that based on the news available. It's questionable If somebody would want to be a citizen of such country no matter how cheap they sell the citizenship for...humanity first.
You may be confusing them with St. Vincent.
But she does have a very valid point!
Um what about one world government and the universal govt collapse coming in 1 year🤔the WEF and Georgia Guidestones could tell you more about that😎
What about passing the citizenship down to future generations?
Very informative.
I have a question. I am interested in these programs. I have a felony on my record from 20 years ago, I have had no legal problems since. Are there any programs that I would have a better chance of being accepted?
Probably Dominica or St Lucia, I remember hearing somewhere their due diligence was less intense. St Kitts was the hardest. I also remember someone mentiinjng Vanuatu is pretty lax
Hola Andrew.
Which countries dont treate their citizens like walking diseases, because the news scared them to do so? Do any of those countries exist, with 0 personal income taxes?
Just a question, which caribbean countries have E-passports / biometric passports?
Don't all of them have biometric passports?
@@dr.winner2516 I am not sure because many of them (except the st. Kitts and Nevis one) don't have the chip on the front cover....
@@niccolotoccane3041 I did a quick perusal of Wikipedia. It looks like St. Kitts and Dominican Republic are the only Caribbean countries that do. I may have missed one though so you might want to check for yourself. This off course excludes places like Puerto Rico that are not independent.
Why do you almost never talk about the GCC countries
Thanks for this would love to have you on my channel
Please contact help@nomadcapitalist.com and they'll pass your request to the right people.
@@nomadcapitalist sure thing.
which one do you think is the best for a family of 6 from the middle east? (2 parents, 2 kids over 16 and 2 kids under 16)
Antigua.
Great video, I am from Guyana, and I'm a Grenadian citizen, but I agree as far as Antigua is concerned.
Sir why no comment about turks and Caicos? Please let me know positives and negatives. It’s a British territory, US dollar, why is it good or bad ? I am beginning to be suspicious in that the reason for no comment is because your firm is not able to make any money from it. If that is true it’s very misleading. Please clarify. Thanks.
I'm an American trying to escape the tyranny of countries like the US and UK. With the great hyperinflation of the current world reserve currency underway, you have listed all the reasons I would not want that passport, personally.
Since Turks and Caicos isn't an independent country, it probably doesn't have its own citizenship, and it can't have a CBI program, so Nomad Capitalist has no reason to cover it.
To all those trying to escape USA and Canada it simply tells me you are so ignorant and have not travelled the world that you think there are better places. Well may be you need to hear it from and immigrant from Middle East. Ladies and gentlemen you have it too good in North America. No place is perfect but I bet you wherever you go you will come back. Tyranny of USA and Canada ? You don’t know tyranny.
@@Easyway1969 you fail to understand what tyranny is and how America overcame it through the philosophy of individualism, which provided the basis of inalienable rights, private property, free markets, sound money and a limited government. That's why the worse has desired to come to the USA. However, the US has long since abandoned Individualism for collectivism and central banking, quickly becoming a serfdom under central planning and central bank hyperinflation of the unconstitutional fiat. The US does not follow American philosophy or American constitutional law. The US has become an out of control, unrestrained collectivist government of fascism partnering with big tech and the banking "elite." The heritage foundation ranks countries on numerous aspects of freedom and the US has fallen to #20!! Lol. So much for being the envy of the world. The dollar will be replaced as the world reserve currency in less than 15 years according to people like Druckenmiller. The politicians in these countries are parroting the world economic forum tyrannical call of "you will own nothing and be happy" and collectivist stakeholder capitalism with digital ledger currency and without free markets or sound money. Places that have escaped collectivism have been running toward individualism, excuse they saw the horror of their past and the promise of what made America great at one time. Prosperity is finding a new home where it is treated best and those who want to go down with the titanic are free to do so. Worldwide taxation and digital ledgers, when you don't even live or do business in the US, are the ultimate form of tax tyranny. If you want freedom and prosperity, you go where there is more individualism, not less. As Wayne Gretzky says, "While other players skate to where the puck is, I skate to where the puck is going. As true freedom, private property and individualism loving Americans spread out across the world, freedom and prosperity will spread to many other countries and restore the world order. As far as the middle east goes, that place is full of religious wars and I'll leave that to God who is sovereign.
@@Timithos and the US has literally fallen to #20 on the index lmao. It will drop further shortly, which is why im checking out.
Notification Gang
Confused .. Can someone conclude the video and tell me which one is the best and worst.
I agree that he was long winded and never gives a clear answer.
I never get any if his videos. he is never direct in his responses
would love to see a piece about haiti if possible
@@marekan1410 same reason why the Clintons bought an ocean view property there.
@@marekan1410 looks like I know a little more about Haiti than you do... it's ok.
@@V0YAG3R don't forget Syria and The Congo
Haiti. I’ll give 30 days in the country and I guarantee you’ll change your mind.
@@nationalnotes I live in haiti I'll see ur 30 days and raise them by years
You haven't said anything about St. Lucia, Grenada, Dominica and St. Vincent and the Grenadines. How do those compare with each other and why choose one over another.
Saint Vincent & the Grenadines don't have a CBI.
Check out his other videos. He has plenty of videos on which Caribbean CBI is the best
Me as singel applicant do you reccommend Dominica or saint Lucia ? I dont Cate avigt crypto
He does. He is a St. Lucian
Do I need to notify Spain that I got a second citizenship? Current policy says you need to express specific intent to keep your Spanish citizenship if you get a second one
Don't ask don't say.
Whose current policy? Spain or your other country's citizenship?
@@spicysalsaking791 Many other countries as Italy, Germany... have rules that you can't have a second citizenship but people do.
@@synewparadigm I'm well aware. I asked which specific countries he was talking about for that very reason.
@@spicysalsaking791 for example, taking on a caribean CZ being Spanish national
Thanks Nomad
Love your content Andrew!
Could you maybe make a topic about car friendly countries?
For us car enthusiast it is a jungle to understand different regulations in regards of taxes and insurance and such.
Im especially curious in those eastern european countries, for me being a swedish man living in switzerland now i am not liking how the western europeans countries are unfolding.
St kitts supose to be part of the British Commonwealth
THEY all5 are
If the SHTF big time how survivable are these places?
Thoughts on Jamaica?
Jamaica doesnt have Cbi
Kindly suggest Second Citizenship plans of 24 Semesters
So what happened at the Mexican conference? Why didn't you stream any of it LIVE? Why no videos of the various functions? Why haven't you said anything about it? Your supporters have listened to your tag on hundreds of hours of videos encouraging us to go to the conference and then nothing? For many of us this was not a good year to attend but next year is much more likely -- if in fact a conference takes place. We'd love to hear more.
They wanted that experience to be shared among attendees only. They posted photos on twitter.
@@LoganRyder21 hmm...ok...seems like a lost opportunity to attract many of us for next time. Thanks for the 411.
They want you to pay $$$ for that $eminar where they try to sell you the VIP $eminar.
Would you like to Collab?
How many citizenships do you have, Andrew? A friend of mine has 5.
He won't say because it defeats the purpose of owning them.
@@RomilCPatel He has St Lucia, Comoros, Cambodia and one more. I'm pretty sure the last one is Serbia or Georgia
thank you!
Im a good global citizen im not a bigot.