Absolutely correct, one has to relinquish the Indian citizenship after acquiring the foreign citizenship. Overseas citizenship isn't a jewel citizenship, it's just a green card/PR
That’s not a big deal u need ocr and u can buy any property except agricultural land and if U inherit any from your parents etc that’s ok too. So no problem at all.😊
Thank you Andrew for being real. Please make more informative videos on this. There are many Indians with cash in banks looking for a better lifestyle in a different country.
Great to see a video specifically on India & Pakistan. India doesn't allow dual citizenship but these options are useful if someone is willing to give up their Indian citizenship as they work to get the new one.
I couldn't agree more with you that where you are treated best depends, as well, on your race and religion. This is a very important point which, it seems to me, you do not deal much with on your videos - but this is a delicate subject and I understand your point. Excellent job with your videos, bravo!
Problem is India doesn’t allow second citizenship. I was hoping you mention that. Lot of Indians confuse OCI program with second citizenship. OCI is basically glorified multiple entry Indian visa, which is useless at the moment because of COVID. Also moving money out of India is a night mare. Hope they relax rules. And people wonder why so many rich people leave the country.
Thats not it Bhai. The main trouble people face is from Bureaucrats, a friend of mine was quite well off he was a carpet exporter. He exported about 25 crore($3.5 million) of carpets a year. But once a tax inspectors got after him all hell broke loose. They trapped him pending tax case owed by his grandfather. The amount owed was about Rs 10,000/- and with interest and other penalties it grew to be 35 crore($7 million). But as the tax officer was empowered the statue of limitation was quashed ad he even lots the case in tax tribunal in the end he lost everything is now working as an insurance salesman. Now the new finance bill is going to be a nightmare as people holding indian passport will be taxed on the basis of citizenship rather than residence.
@@greatindiandreams Bhai you are not right about the finance act. I have studied it carefully. It just tightens the rules from before, it does not exactly have anything to do with citizenship. If you are a non-resident Indian AND your taxable income from India is above 15 lakhs, you must not stay in India for more than 119 days, otherwise India will consider you a resident and you may be taxed on global income. Furthermore, if you are not considered to be a tax resident of a foreign jurisdiction AND your Indian taxable income is over 15 lakhs, you may be liable to be taxed as a resident of India. So for example, if your Indian income is 30 lakhs a year and you live in Dubai, according to UAE law, you must live in UAE for 183 days to be considered a tax resident. Therefore if you live in UAE for 200 days and India for 100 days and your Indian income is 30 lakhs, you will not be liable to tax on global income in India. Only Indian income in that case. Suppose you don't have much taxable Indian income at all, you are allowed to live in India for up to 182 days and you do not have to be a tax resident of any other country in that case, India will not tax you.
@@shree711 Thanks for the explanation. I had a word with my tax lawyer. Citizenship Based tax is not currently active but a cabinet draft note is in circulation. It might come into affect but i pray it does not come into affect other the amount of capital flight will be off the charts.
@@greatindiandreams If citizenship based taxation comes to India, unfortunately, I will leave Indian citizenship the next day. Maybe it will be the start of freedom for me.
Very informative video Andrew, thank you for sharing your insight. (India doesn’t permit second citizenship, one will need to forsake Indian citizenship to gain a new one)
South Asians, especially Indians and Pakistanis will be migrating off to a better living standard country in large numbers in the coming years, Next will seeing alot of Indians fleeing. Situation at home is to blame.
Hi Andrew, I am a Balinese I own reak estate and doing real estate business in Bali. Indonesia can't get dual citizenship, unless I got to renounce my citizenship then I will lose my freehold ownership(by law). Indonesian passport is weak. I think European Golden Visa + APEC card might be the best option for me.😊
Correction: Many of us in the US are upset about *illegal immigrants* from any country. The focus is on Mexican and Central American nationals cutting in line because they are coming in the largest numbers. Considering that Andrew touts the importance of doing things legally, one would think he'd understand the real issue. Racism in the US is overblown by politicians and the media because they can gain more money/power by dividing us.
YES! Good to see this video. I've been saying for some time. You need to target the NRI community. It's huge. Of course the fundamental issue is that second citizenship is not permitted so renunciation is the only way. You would have to get citizenship in another country and then one more after that for a "second citizenship" However after you renounce you can get OCI which allows you unlimited travel to India and the ability to invest and do anything except vote and buy agricultural land. Some Indians do participate in Citizenship By Investment programmes. You won't hear about it much if they don't get a high profile for some financial crimes like a gentleman named Mehul Choksi.
bro ur awesome...even i wanted to change citizenship, but was worried as no dual citizenship allowed....now i can as you said take second citizenship and then use oci cards for indian investments
@@indidesitourer585 Yes that is correct. If you live abroad and you want to change your citizenship, you can try to get citizenship in the country of residence or if that is not an option, go for a Caribbean country. Then you must renounce Indian citizenship after you get it and then get an OCI card which is lifetime unlimited travel and permission to live and work in India. If you want to continue living in India but you want to change your citizenship, there are some reasons you may want to do this: 1. More visa free travel to countries than the Indian passport. 2. More residence options 3. A chance to escape India in case something goes wrong.
@@hmmm....1910 You can have 10 citizenships of other countries and OCI of India. Why not? But remember, you cannot be a citizen of India if you take even 1 citizenship overseas.
Althogh am a fan of your content Andrew. Indian Citizens arent eligible for a second citizenship unless they give up their indian one according to our consititution. So only way is to get an Overseas card (OCI) and get a citizenship with the ways you mentioned. So not second citizenship
@@expertonionyou know the reason behind it?Obviously you don't Let me erudite you. India is susceptible to terrorist attacks which deem to happened in many unfortunate numerous event. The situation is soo deride that India rank 8th on the list followed by war prone islamic and African nations.
@@whatever-fz9rd that’s not the only reason dumba$$ there are other reasons like indians are generally poor. Have bad immigration records and reputation.
Great Video! Turkey, Jordan, and Egypt are good passports for Pakistani investors. Same religion. And they might be able to establish a business. I might even, although a little hesitantly, venture to say that Malta is a safe passport for both India and Pakistani investors. You Never Know
I see Serbia mentioned a lot on Nomad Capitalist. I was wondering if you would recommend residency by investment in real estate in Serbia (and citizenship by naturalisation, eventually) to folks in India who are interested.
Yes. Serbia is a great place for that. Good passport, good country to live in as long as you have enough money, well connected. Very welcoming. People speak English in all major places.
I am from Bangladesh, I am a freelance software developer with foreign clients, I love to move turkey + Portugal with my wife, how to get temporary residence legally in Portugal?
Overseas Citizen of India is not a proof of Indian citizenship. Basically, it's a kind of residence permit with a lot of limitations, prominent ones being, not allowed to vote, not allowed to contest political elections, not allowed to buy agricultural land, not allowed to apply for government services. Overseas Citizen of India residence permit card / Person of Indian Origin residence permit card, is only given to Indians who have renounced their Indian citizenship and thereby surrendered their Indian passport to the concerned Indian authorities after obtaining a foreign citizenship and passport.
@@kartikkay4729 yes so what? just do it renouncing Indian Citizenship is not a problem getting the Citizenship of most 1st world countries is still a bit difficult though .
The main question is - Does india accept dual/second citizenship ? As far as i know it does not. I don’t understand the point of this video unless you want to give up on indian citizenship. 😕
Why that law? It's a non-sensical law, honestly who does it benifit? India is still in the stone ages if it thinks dual citizenship is some kind of threat to it's government. Also such a backward thinking is unhealthy for development. 🍷
I am glad this law exists. It's your problem if you are ignorant. Pretty much says everything about your "informed" thinking LOL Stone ages? India was far ahead of when the world was still living in the Stone Age. Let's see if the Western civilization survives for as long as the Indian civilization has. It's one thing to criticize the current government or policy and another to make such a blatant ignorant comment about the country. I am frustrated about many things about our country but from cultural and historical context there should never be dual citizenship in India. Greed shouldn't trump wisdom. We can think about global citizenship when the world can handle such a thing@@evm6177
As an Indian, I'd consider either UK or Mauritius to live a tax free life as well as not face cultural difficulty because many Indians are already living in these countries for a century, the UK has lot of best tax haven islands which are very popular amongst Indian tax evaders haha (Indian govt calls them 'Fugitive Economic Offender', sounds similar to fugitive slave act)
@@karanchandnani8169 UK has bunch of tax haven islands thats why most Indians tax evaders go there, although officially UK has crazy high taxes, but rich people can utilise the loopholes of this system especially via investing in those British Overseas Territories (search abt it) and also read abt how UK's Ex-Chequer Rishi Sunak's wife who's also daughter of Infosys founder avoids paying taxes and they're one of the richest families living in the UK, Rishi being the wealthiest MP in the British Parliament.
@@indobalkanizer6557 ok, so you are speaking about Cayman Islands, British Virgin Islands and Bermuda. Not worth going there unless you're a millionaire. Believe me, I have lived in Costa Rica and Bahamas. Mauritius is 15% flat tax rate. Unless you buy properties and stocks and crypto for long term, and make profit after selling. That profit will be tax free. But there are far more easier and cheaper ways to live tax free.
@@indobalkanizer6557 1) Open a company in Sharjah and mange it from Thailand. Stay out of India for more than 182 days and you will be an NRI. Open an NRI account in India, transfer all your profit in Indian account. You will be taxed in Thailand for the amount you have remitted in Thailand, rest all will be tax free in India, Sharjah and Thailand. If the amout that you have remitted in Thailand was earn previous year than it will be tax free in Thailand too. 2) Do every thing same and live in Bali. They will soon have Nomad visa for 5 years, foreign income will be tax free. 3) Open a company in Sharjah, stay out of India for more than 183 days, doesn't matter where. You can just go anywhere and all your money will be tax free. This way you will be able to live 180 days in India, 180 days anywhere in the world and 5-6 days in Sharjah.
I don't think it's about race but perception of the country. I doubt Emirati citizens are gonna suffer the same problems that Pakistani citizens do. Yet to most westerners they look the same
What about Malaysia and Singapore? What is the issue with these? For Indians who make capital gains on foreign (say US) stocks, aren't these better? The one issue is these countries don't have estate tax treaties with the USA so the US estates of individuals who are residents of these countries are subject to a hefty estate tax of 40% over $60K when these individuals die. But this problem would exist with most of the other recommended countries as well since the USA does not have estate tax treaties with them.
Inter vivos transfers, assuming that property owning isn't by then abolished under the not so great reset as described on the World Economic Forum website.
Depends what you are looking for. If there is no intention to leave South Africa or say you are an expat living in Dubai a Caribbean CIP program would be the way to go to improve visa free access. If you are planning to leave South Africa then it depends on where you want to live. Lots of South Africans have gone to Portugal.
I live in Kuwait. You need to get a company to hire you. Many Indians are working here, but with Covid, I expect there to be fewer opportunities. Kuwait has stringent immigration laws, which means you can be a resident but never become a citizen.
I think UAE has better and streamlined options to move into their country. U don't even need a job or a sponsor. And no language limitations...its like mini india!
USA have more than 4 million Indian citizen. UK have around 2 million. not counting students. pal! topic is good but stop chanting USA USA South Asians can get citizenship wherever they want.
I recently found Ur Videos...n Going through Almost All of it... Found this One... Ur facial Expression, Ur Body Language was so Different in This Video and Kinda very Totally Uncomfortable... But U Dared to Speak the Truth...n that is the Treatment of 3rd World Country n Racism for Indian & Pakistani. Skin-Color Superiority. But As U again rightly said, it is about the Person who is behind the Desk makes a Decision n They've All their Judgements to make a Decision n After All it depends Upon their Upbringing n Overall Work Ethics. I think in the End it is All about Luck-factor n All the Great Deeds will define the Citizenship Call :-)
Thanks for the great content! Do you think as an indian would Latin America (mainly Mexico) be a good choice for retirement considering similar cost of living and lower inflation rates (compared to India). Although not sure how would an indian be taxed on his foreign income in Mexico as a resident. Can you please share your thoughts on these aspects ? Thank you
Yes, I think. You may want to consider residency in Panama, Costa Rica, Ecuador, and Peru too in addition to Mexico. Latin Americans are very friendly people and the weather there is similar to yours. I don't know about the tax situations, which you need to contact directly a consultant for advice. All the best!
hello, you should check the oportunities in Uruguay also. Now they lowered their requirements for getting the fiscal recidense: you need 380.000 dollarrs in real state and to stay at leats 60 days per year
Hah, no such places. r/LockdownSkepticism - nearly every western country was affected by this, and they locked everything down. But generally speaking India even with the huge second wave is still below the US and many other countries in terms of per-capita infections.
@@rrsk88_farming I think it's institutional lethargy. Unwillingness to change of the people, and thus their organizations/govts But IMO there's still significant hope, pace of innovation is accelerating and western democracies would be the first beneficiaries of it
Brits already have a good passport so don't need to go visa free hunting. If you want to regain your EU citizenship rights Cyprus or Malta by investment would be the way to go if you are rich. If not the long game (5 years naturalisation) would be Ireland as you still have the right to live there. If it is simply 'plan B' quickly a cookie cutter CIP in the Caribbean or Turkish real estate investment. I actually suspect the amount of Brits retiring to Turkey is going to sky rocket due to Brexit when it dawns on Brits they now have to invest 500k into property in Spain just to get residency.
@@bennyboysanctus Ireland is not that great for naturalising as if you live outside of Ireland for any signficant period of time you would have to notify the embassy or face loss of citizenship. Also if you aqquire any other citizenship through any other means apart from marriage you will also face loss of citizenship. Not a solid citizenship. Good to probably get as a last passport.
@@taj-sid How many naturalised Irish are stripped of their citizenship? What is in the law is hardly of any consequence as this part of the citizenship act is basically never exercised. Also we are talking about a Brit who would have a high chance of applying under "Irish association" and therefore not be able to be stripped of Citizenship anyway. Plus as a Brit Ireland is the only country he will be able to automatically live in once free movement ends.
India doesn't allow second citizenship. Once you take up foreign citizenship, your Indian passport is non functional. But "people of Indian origin", can get OCI cards to get some benefits.
I never understood the systemic racism toward South Asians. Especially those that emigrate from the motherland, they are some of the most industrious, entrepreneurial, and law-abiding people of the world.
There is 'racism' but have yet to encounter it personally in my time in Latin America. I have always been treated well. Then again, I acquired Spanish language skills, and have learned to 'blend in'. I apparently have learned 'to pass' as a local...
@@VishalRaoOnTH-cam great countries. Would love to visit them. I have been to Argentina, which borders both of the countries you mention. Chile is Latin America's equivalent to California these days. Uruguay is perhaps more like Switzerland as far as economy.... banking. Both of these are among the most developed countries in South America. Spanish language is a must. They are also perhaps among the least corrupt. If you can deal with a small population, and export oriented economy, these are the places. You perhaps really need to be entrepreneurial to be successful here. Chile loves entrepreneurs, going so far as to remove obstacles for techies to setup shop there.
@@VishalRaoOnTH-cam I would venture to add Colombia or Ecuador to the mix... though entirely up to you. Colombia, while not the same economically as Chile or Uruguay, is a really nice country, and a diamond in the rough for many things. I saw opportunity on the ground when I was in Bogota in 2018. Not an ounce of racism encountered by my wife or I (American male of Indu background, and a female of Vietnamese background). Of course, use your head, know the language, and dress like locals.
Additionally, I would consider Mexico when it comes to Latin America as far as 2nd citizenship and residence. My focus for residence in Mexico would be Jalisco (Guadalajara and Puerto Vallarta), and Mexico DF (CDMX)....maybe Merida and Cancun. I have been to Baja and specifically Baja Sur. The Cabos are 'okay', but for me, they are too much of a 'party town'. I like something a bit more quieter. I don't need the bars and related.
Would be great if you can do a video on the Philippines regarding the visas they're offering eg. the retirement visa. I've read a lot of positive articles about moving to the Philippines, hence the question. How does it compare to Malaysia for example which you highly praise?
Neutral comment: We are 1.2 billion people, so we will be a mix of good and bad OR rich and poor. Same was true of our Colonizers. The Portuguese and French still allow people from their erstwhile colonies to the Mother-country. Can't say that about Britain though. They want to Brexit too (the exit is highly questionable, since these guys never adopted the EU way of life completely. eg. Euro or White EU citizens. Remember myself laughing out loud when I turned around to shouts of "Hey Vermin" - which sounded like gibberish to begin with and the Polish chap taps on my shoulder to say, "that was for me"). But yes, the sheer number of people, also means that our 1% rich have a lot of money. Try searching for things like Property value in Indian cities OR our domestic gold consumption.
Hi there what is the scope of Foreign Languages Teaching services company in Malaysia. We are running an educational services company in China for more than 20 Years. We invite foreign languages teachers as an employee of our company and offer them on hourly basis to our clients schools. Is this business possible in Malaysia? Can we open a branch office of Our Chinese Company in Malaysia and provide the same services physically to the educational institutes in Malaysia?
Oh man finally someone talking about Pakistani citizens! Thankyou . Me and the wife and our 2 year old daughter are considering a 2nd Passport via CBI . Thankyou !
Adnan, you had better consider a CBI investment right away. St Kitts and Nevis has made the real estate investment more inclusive of newer cheaper properties. Do it right away because the US Biden administration is pressuring CBI to shut down. Get rid of the Pakistan passport and application for an OCP card. Indians have an OCI card similar to the OCP card.
Caveat: If an Indian gets a citizenship from any other country, they will have to renounce their Indian citizenship. Of course, one can get their OCI card, they will now have to rely on St. Kitts and Nevis or other Caribbean countries that they get citizenship from, for protection. It's doable, but it's a risk. Thoughts?
Indian Citizens cannot have a second citizenship. Anyone acquiring one is deemed to have given up his citizenship & get a jail term to boot. I would be curious about possibility of Indians giving up their citizenship & getting a new one elsewhere and using a visa to live in India as PIO/OCI (person of Indian origin/overseas citizen of India) and be taxed only on Indian source income & not on worldwide income. And some other benefits on things you are allowed to do or reporting to govt. you have to make.
As long as you LIVE in India, you will be considered a resident, even as a foreign passport holder and hence, you are expected to pay tax on worldwide income, not just Indian source. If you only want to pay tax on Indian source income, you must be an NRI or OCI living in India for a maximum of 119 days IF your taxable Indian income is above 15 lakhs. Any longer than that and you will be liable to pay worldwide tax. Remember one more thing that if you are an Indian citizen living overseas, if your taxable income is above 15 lakhs, you will also need to provide a tax residence certificate of your country of residence, otherwise once again, you'll be liable to pay tax on worldwide income.
@@harisadu8998 Does that mean a foreign passport holder with an OCI card, and living 119 days or less, EVERY year be taxed only on Indian source income? What happens in case his Indian source or Worldwide income is more than 15 Lakhs or less than 15 Lakhs?
@@SanjayAroraIN If you are a foreign passport holder with an OCI card living in India for 119 days or less, you will be taxed only on your Indian source income and not foreign income. If your Indian sourced income is below 15 lakhs, you can live in India for 182 days with no tax on foreign sourced income. HOWEVER, if you are an Indian citizen living overseas, if your taxable income is above 15 lakhs, you will also need to provide a tax residence certificate of your country of residence, otherwise once again, you'll be liable to pay tax on worldwide income.
Don't equate India with others, do your research and find out that TCS is the greatest employer in atleast 25 countries' in Latin America,Africa and Europe.
western europe may take them in, but if they ever get sick of too many of them, things will change! there are 1.3 billion Indians in India and growing. More often than not, they seem to take unskilled jobs over bringing something valuable. They can be rude and arrogant too. Always exceptions to the rule of course! Main good thing brought is food.
India does not offer dual citizenship
After getting another we have to redeclare indian citizenship and get recidence permit for our property
Indian overseas citizenship?
@@someonesomeone313 that's not exactly citizenship
Absolutely correct, one has to relinquish the Indian citizenship after acquiring the foreign citizenship.
Overseas citizenship isn't a jewel citizenship, it's just a green card/PR
That’s not a big deal u need ocr and u can buy any property except agricultural land and if U inherit any from your parents etc that’s ok too. So no problem at all.😊
You will become “person of Indian origin (POI)” once you get citizenship of another country. It is step ahead of NRI.
Thank you Andrew for being real. Please make more informative videos on this. There are many Indians with cash in banks looking for a better lifestyle in a different country.
I agree with that.
agreed
Really thank u for making a separate video for us
Great to see a video specifically on India & Pakistan. India doesn't allow dual citizenship but these options are useful if someone is willing to give up their Indian citizenship as they work to get the new one.
I am indian. Sir pls come to point quickly.🇮🇳
The moment you thew in Pakistani in the intro, I knew you were a true professional and inclusive.
Indians and Chinese are every where..I really appreciate you taking about our country....
Indian and Chinese together make up 300 million people nearly even if you don't count the diaspora 😀😀!!
So naturally they are everywhere
@@kamakshijolly4156 not 300 million but close to 3 billion
1.38 billion Indians 1.45 billion Chinese
@@zamanasif5766 He meant 300 million OUTSIDE of India and China. I think, not sure.
I would love to get a Swiss citizenship. Although its a decade long process,i simply love the place.
why
I couldn't agree more with you that where you are treated best depends, as well, on your race and religion. This is a very important point which, it seems to me, you do not deal much with on your videos - but this is a delicate subject and I understand your point. Excellent job with your videos, bravo!
👍👍👍👍👍👍
Problem is India doesn’t allow second citizenship. I was hoping you mention that. Lot of Indians confuse OCI program with second citizenship. OCI is basically glorified multiple entry Indian visa, which is useless at the moment because of COVID. Also moving money out of India is a night mare. Hope they relax rules. And people wonder why so many rich people leave the country.
Thats not it Bhai. The main trouble people face is from Bureaucrats, a friend of mine was quite well off he was a carpet exporter. He exported about 25 crore($3.5 million) of carpets a year. But once a tax inspectors got after him all hell broke loose. They trapped him pending tax case owed by his grandfather. The amount owed was about Rs 10,000/- and with interest and other penalties it grew to be 35 crore($7 million). But as the tax officer was empowered the statue of limitation was quashed ad he even lots the case in tax tribunal in the end he lost everything is now working as an insurance salesman. Now the new finance bill is going to be a nightmare as people holding indian passport will be taxed on the basis of citizenship rather than residence.
@@greatindiandreams Bhai you are not right about the finance act. I have studied it carefully. It just tightens the rules from before, it does not exactly have anything to do with citizenship. If you are a non-resident Indian AND your taxable income from India is above 15 lakhs, you must not stay in India for more than 119 days, otherwise India will consider you a resident and you may be taxed on global income. Furthermore, if you are not considered to be a tax resident of a foreign jurisdiction AND your Indian taxable income is over 15 lakhs, you may be liable to be taxed as a resident of India.
So for example, if your Indian income is 30 lakhs a year and you live in Dubai, according to UAE law, you must live in UAE for 183 days to be considered a tax resident. Therefore if you live in UAE for 200 days and India for 100 days and your Indian income is 30 lakhs, you will not be liable to tax on global income in India. Only Indian income in that case.
Suppose you don't have much taxable Indian income at all, you are allowed to live in India for up to 182 days and you do not have to be a tax resident of any other country in that case, India will not tax you.
@@shree711 Thanks for the explanation. I had a word with my tax lawyer. Citizenship Based tax is not currently active but a cabinet draft note is in circulation. It might come into affect but i pray it does not come into affect other the amount of capital flight will be off the charts.
@@greatindiandreams If citizenship based taxation comes to India, unfortunately, I will leave Indian citizenship the next day. Maybe it will be the start of freedom for me.
I guess, Money money is not a hard deal if you know the tricks
Very informative video Andrew, thank you for sharing your insight.
(India doesn’t permit second citizenship, one will need to forsake Indian citizenship to gain a new one)
Worth it
You can get OCI, which is sufficient for everything in India except voting.
Niche video for exponential subscriber growth
South Asians, especially Indians and Pakistanis will be migrating off to a better living standard country in large numbers in the coming years, Next will seeing alot of Indians fleeing. Situation at home is to blame.
Hi Andrew, I am a Balinese I own reak estate and doing real estate business in Bali. Indonesia can't get dual citizenship, unless I got to renounce my citizenship then I will lose my freehold ownership(by law). Indonesian passport is weak. I think European Golden Visa + APEC card might be the best option for me.😊
Highly practical & exhaustive information
Thank you so much Andrew! Love from 🇮🇳
Correction: Many of us in the US are upset about *illegal immigrants* from any country. The focus is on Mexican and Central American nationals cutting in line because they are coming in the largest numbers. Considering that Andrew touts the importance of doing things legally, one would think he'd understand the real issue. Racism in the US is overblown by politicians and the media because they can gain more money/power by dividing us.
Racism is awful in the US - I’ve traveled and lived all over the US and it is a fact.
Thank you Andrew, regards from Nepal!
Not an Indian, (from Sri Lanka) value the suggestions in this video
YES! Good to see this video. I've been saying for some time. You need to target the NRI community. It's huge.
Of course the fundamental issue is that second citizenship is not permitted so renunciation is the only way. You would have to get citizenship in another country and then one more after that for a "second citizenship"
However after you renounce you can get OCI which allows you unlimited travel to India and the ability to invest and do anything except vote and buy agricultural land.
Some Indians do participate in Citizenship By Investment programmes. You won't hear about it much if they don't get a high profile for some financial crimes like a gentleman named Mehul Choksi.
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bro ur awesome...even i wanted to change citizenship, but was worried as no dual citizenship allowed....now i can as you said take second citizenship and then use oci cards for indian investments
@@indidesitourer585 Yes that is correct.
If you live abroad and you want to change your citizenship, you can try to get citizenship in the country of residence or if that is not an option, go for a Caribbean country. Then you must renounce Indian citizenship after you get it and then get an OCI card which is lifetime unlimited travel and permission to live and work in India.
If you want to continue living in India but you want to change your citizenship, there are some reasons you may want to do this:
1. More visa free travel to countries than the Indian passport.
2. More residence options
3. A chance to escape India in case something goes wrong.
@@harisadu8998 can i have a dual citizenship in any of 2 countries and an oci in india?
@@hmmm....1910 You can have 10 citizenships of other countries and OCI of India. Why not? But remember, you cannot be a citizen of India if you take even 1 citizenship overseas.
Althogh am a fan of your content Andrew. Indian Citizens arent eligible for a second citizenship unless they give up their indian one according to our consititution. So only way is to get an Overseas card (OCI) and get a citizenship with the ways you mentioned. So not second citizenship
Andrew, as always great video! 👍
Your fan from Pakistan 🇵🇰
Really appreciate your insight on this topic !!
So glad Haris.👍
I had an Indian friend I met living in Asia and he had Oman citizenship. According to him, it was far superior to his Indian passport.
anything almost anything would be superior to Indian passport
@@expertonionyou know the reason behind it?Obviously you don't
Let me erudite you. India is susceptible to terrorist attacks which deem to happened in many unfortunate numerous event. The situation is soo deride that India rank 8th on the list followed by war prone islamic and African nations.
@@whatever-fz9rd that’s not the only reason dumba$$ there are other reasons like indians are generally poor. Have bad immigration records and reputation.
@@whatever-fz9rd8th in what?
As Indian I prefer to be in Malta or Poland for my job related opportunities
Great Video!
Turkey, Jordan, and Egypt are good passports for Pakistani investors. Same religion. And they might be able to establish a business.
I might even, although a little hesitantly, venture to say that Malta is a safe passport for both India and Pakistani investors. You Never Know
I see Serbia mentioned a lot on Nomad Capitalist. I was wondering if you would recommend residency by investment in real estate in Serbia (and citizenship by naturalisation, eventually) to folks in India who are interested.
U get visa on arrival there go and find a lawyer and get it
Yes. Serbia is a great place for that. Good passport, good country to live in as long as you have enough money, well connected. Very welcoming. People speak English in all major places.
Can Indians buy Real Estate in Serbia. Someone told me they can't. Pl confirm.
@@nirmalyanandi5046 u can ..
I am graduate civil engineer 43.75 years old
Thank you man...u r doing good!!
I am from Bangladesh, I am a freelance software developer with foreign clients, I love to move turkey + Portugal with my wife, how to get temporary residence legally in Portugal?
Now I am motivated to get my second citizenship.
@@ThePreityEffect nobody has a problem with renouncing the Indian citizens in exchange of overseas Indian citizenship.
Overseas Citizen of India is not a proof of Indian citizenship. Basically, it's a kind of residence permit with a lot of limitations, prominent ones being, not allowed to vote, not allowed to contest political elections, not allowed to buy agricultural land, not allowed to apply for government services. Overseas Citizen of India residence permit card / Person of Indian Origin residence permit card, is only given to Indians who have renounced their Indian citizenship and thereby surrendered their Indian passport to the concerned Indian authorities after obtaining a foreign citizenship and passport.
@@kartikkay4729 yes so what? just do it renouncing Indian Citizenship is not a problem getting the Citizenship of most 1st world countries is still a bit difficult though .
Im Pakistani, thanks for making this video
Thanks for thinking about us Indians
The main question is - Does india accept dual/second citizenship ? As far as i know it does not. I don’t understand the point of this video unless you want to give up on indian citizenship. 😕
Why that law? It's a non-sensical law, honestly who does it benifit? India is still in the stone ages if it thinks dual citizenship is some kind of threat to it's government. Also such a backward thinking is unhealthy for development. 🍷
@@evm6177 we have good neighbors so we can't give anyone dual citizenship
I am glad this law exists. It's your problem if you are ignorant. Pretty much says everything about your "informed" thinking LOL Stone ages? India was far ahead of when the world was still living in the Stone Age. Let's see if the Western civilization survives for as long as the Indian civilization has. It's one thing to criticize the current government or policy and another to make such a blatant ignorant comment about the country. I am frustrated about many things about our country but from cultural and historical context there should never be dual citizenship in India. Greed shouldn't trump wisdom. We can think about global citizenship when the world can handle such a thing@@evm6177
Before that ask yourself, are Indians good for that country ??
Thank you prof....very informative
You are very fare and respectful in your comments
Thanks from Pakistan
Your introduction was very realistic
As an Indian, I'd consider either UK or Mauritius to live a tax free life as well as not face cultural difficulty because many Indians are already living in these countries for a century, the UK has lot of best tax haven islands which are very popular amongst Indian tax evaders haha (Indian govt calls them 'Fugitive Economic Offender', sounds similar to fugitive slave act)
Tax free in UK and Mauritius??? How?? Especially in UK???
Are you confused between Europe and UK??
@@karanchandnani8169 UK has bunch of tax haven islands thats why most Indians tax evaders go there, although officially UK has crazy high taxes, but rich people can utilise the loopholes of this system especially via investing in those British Overseas Territories (search abt it) and also read abt how UK's Ex-Chequer Rishi Sunak's wife who's also daughter of Infosys founder avoids paying taxes and they're one of the richest families living in the UK, Rishi being the wealthiest MP in the British Parliament.
@@indobalkanizer6557 ok, so you are speaking about Cayman Islands, British Virgin Islands and Bermuda. Not worth going there unless you're a millionaire. Believe me, I have lived in Costa Rica and Bahamas.
Mauritius is 15% flat tax rate. Unless you buy properties and stocks and crypto for long term, and make profit after selling. That profit will be tax free.
But there are far more easier and cheaper ways to live tax free.
@@indobalkanizer6557 1) Open a company in Sharjah and mange it from Thailand.
Stay out of India for more than 182 days and you will be an NRI.
Open an NRI account in India, transfer all your profit in Indian account.
You will be taxed in Thailand for the amount you have remitted in Thailand, rest all will be tax free in India, Sharjah and Thailand.
If the amout that you have remitted in Thailand was earn previous year than it will be tax free in Thailand too.
2) Do every thing same and live in Bali. They will soon have Nomad visa for 5 years, foreign income will be tax free.
3) Open a company in Sharjah, stay out of India for more than 183 days, doesn't matter where. You can just go anywhere and all your money will be tax free. This way you will be able to live 180 days in India, 180 days anywhere in the world and 5-6 days in Sharjah.
Thank you very much Andrew ❤️
Thanks for the amazing info
Lots of knowledge
Thank you for this video..
I don't think it's about race but perception of the country. I doubt Emirati citizens are gonna suffer the same problems that Pakistani citizens do. Yet to most westerners they look the same
If we don't have money to invest what are all other ways ? Visas ?
Thanks for the video!
What about Malaysia and Singapore? What is the issue with these? For Indians who make capital gains on foreign (say US) stocks, aren't these better? The one issue is these countries don't have estate tax treaties with the USA so the US estates of individuals who are residents of these countries are subject to a hefty estate tax of 40% over $60K when these individuals die. But this problem would exist with most of the other recommended countries as well since the USA does not have estate tax treaties with them.
Inter vivos transfers, assuming that property owning isn't by then abolished under the not so great reset as described on the World Economic Forum website.
@@jessicali8594 That might not be possible because I expect to be single.
So which are the countries pls be specific?
Yeah, I'd love to have a no-go list for places where Indians/Indian-Americans are not welcomed.
Start a business hire one person!!
Only one person hired makes me eligible for citizenship !! Like really?
How about citizens from South Africa?
I’ve heard New Zealand, but it would depend on your needs and situation.
@@ChanaElisheva Thank you :)
Panama friendly nations visa allows you to be resident, but citizenship is harder. You can get a lawyer to help you.
Depends what you are looking for. If there is no intention to leave South Africa or say you are an expat living in Dubai a Caribbean CIP program would be the way to go to improve visa free access. If you are planning to leave South Africa then it depends on where you want to live. Lots of South Africans have gone to Portugal.
Thanks for this video
how do I move to kuwait without breaking the law
I live in Kuwait. You need to get a company to hire you. Many Indians are working here, but with Covid, I expect there to be fewer opportunities. Kuwait has stringent immigration laws, which means you can be a resident but never become a citizen.
Job visa thru Company
@@rj9980 is there any other way
@@MrClaudeCrook ok
I think UAE has better and streamlined options to move into their country. U don't even need a job or a sponsor. And no language limitations...its like mini india!
USA have more than 4 million Indian citizen. UK have around 2 million. not counting students. pal! topic is good but stop chanting USA USA
South Asians can get citizenship wherever they want.
I recently found Ur Videos...n Going through Almost All of it... Found this One...
Ur facial Expression, Ur Body Language was so Different in This Video and Kinda very Totally Uncomfortable...
But U Dared to Speak the Truth...n that is the Treatment of 3rd World Country n Racism for Indian & Pakistani.
Skin-Color Superiority.
But As U again rightly said, it is about the Person who is behind the Desk makes a Decision n They've All their Judgements to make a Decision n After All it depends Upon their Upbringing n Overall Work Ethics.
I think in the End it is All about Luck-factor n All the Great Deeds will define the Citizenship Call :-)
Liberland- Land of Fortune,
Thanks for the great content! Do you think as an indian would Latin America (mainly Mexico) be a good choice for retirement considering similar cost of living and lower inflation rates (compared to India). Although not sure how would an indian be taxed on his foreign income in Mexico as a resident. Can you please share your thoughts on these aspects ? Thank you
Yes, I think. You may want to consider residency in Panama, Costa Rica, Ecuador, and Peru too in addition to Mexico. Latin Americans are very friendly people and the weather there is similar to yours. I don't know about the tax situations, which you need to contact directly a consultant for advice. All the best!
May I do work or businesses in Paraguay safely? please reply me, thankyou.
hello, you should check the oportunities in Uruguay also. Now they lowered their requirements for getting the fiscal recidense: you need 380.000 dollarrs in real state and to stay at leats 60 days per year
I love you man
It's good idea but secondary citizens need to have security and safety rights without abuse of law and order.
I want to go somewhere where this pandemic drama is not going on? Where people can live peacefully without worrying about frequent lockdowns?
There are such places. But they are not letting anyone in.
@@naillijseer I understand...
Hah, no such places. r/LockdownSkepticism - nearly every western country was affected by this, and they locked everything down. But generally speaking India even with the huge second wave is still below the US and many other countries in terms of per-capita infections.
@@TheHellogs4444 hm... But Western democracies are in grave danger
@@rrsk88_farming I think it's institutional lethargy. Unwillingness to change of the people, and thus their organizations/govts
But IMO there's still significant hope, pace of innovation is accelerating and western democracies would be the first beneficiaries of it
Andrew, does this advice apply to Black People as well?
Can you borrow funds in Portugal to meet the minimum investment criteria, like take out a mortgage on the property?
Can you do a UK one please?
Brits already have a good passport so don't need to go visa free hunting. If you want to regain your EU citizenship rights Cyprus or Malta by investment would be the way to go if you are rich. If not the long game (5 years naturalisation) would be Ireland as you still have the right to live there. If it is simply 'plan B' quickly a cookie cutter CIP in the Caribbean or Turkish real estate investment. I actually suspect the amount of Brits retiring to Turkey is going to sky rocket due to Brexit when it dawns on Brits they now have to invest 500k into property in Spain just to get residency.
@@bennyboysanctus Ireland is not that great for naturalising as if you live outside of Ireland for any signficant period of time you would have to notify the embassy or face loss of citizenship. Also if you aqquire any other citizenship through any other means apart from marriage you will also face loss of citizenship. Not a solid citizenship. Good to probably get as a last passport.
@@taj-sid How many naturalised Irish are stripped of their citizenship? What is in the law is hardly of any consequence as this part of the citizenship act is basically never exercised. Also we are talking about a Brit who would have a high chance of applying under "Irish association" and therefore not be able to be stripped of Citizenship anyway. Plus as a Brit Ireland is the only country he will be able to automatically live in once free movement ends.
Good video
Isn’t it illegal for indians to hold a 2nd/dual citizenship?
yes, he has no knowledge on that
India doesn't allow second citizenship.
Once you take up foreign citizenship, your Indian passport is non functional. But "people of Indian origin", can get OCI cards to get some benefits.
I never understood the systemic racism toward South Asians. Especially those that emigrate from the motherland, they are some of the most industrious, entrepreneurial, and law-abiding people of the world.
There is 'racism' but have yet to encounter it personally in my time in Latin America. I have always been treated well. Then again, I acquired Spanish language skills, and have learned to 'blend in'. I apparently have learned 'to pass' as a local...
@@rahuliyer7456 What do you think of Uruguay and Chile?
@@VishalRaoOnTH-cam great countries. Would love to visit them. I have been to Argentina, which borders both of the countries you mention.
Chile is Latin America's equivalent to California these days. Uruguay is perhaps more like Switzerland as far as economy.... banking.
Both of these are among the most developed countries in South America. Spanish language is a must. They are also perhaps among the least corrupt.
If you can deal with a small population, and export oriented economy, these are the places. You perhaps really need to be entrepreneurial to be successful here. Chile loves entrepreneurs, going so far as to remove obstacles for techies to setup shop there.
@@VishalRaoOnTH-cam I would venture to add Colombia or Ecuador to the mix... though entirely up to you.
Colombia, while not the same economically as Chile or Uruguay, is a really nice country, and a diamond in the rough for many things. I saw opportunity on the ground when I was in Bogota in 2018. Not an ounce of racism encountered by my wife or I (American male of Indu background, and a female of Vietnamese background). Of course, use your head, know the language, and dress like locals.
Additionally, I would consider Mexico when it comes to Latin America as far as 2nd citizenship and residence. My focus for residence in Mexico would be Jalisco (Guadalajara and Puerto Vallarta), and Mexico DF (CDMX)....maybe Merida and Cancun. I have been to Baja and specifically Baja Sur. The Cabos are 'okay', but for me, they are too much of a 'party town'. I like something a bit more quieter. I don't need the bars and related.
Sorry to burst your bubble but India doesn't allow dual citizenship.
Hi Andrew pls let me know how to get in touch with you or your team for the help
Very lengthy without any substance
1 Carribean countries
2 European Union
I completed my Ph.D in computer science, i am from india. Which country is best for second residence while doing teaching job in that country
China... There need all the computer science graduate to support their innovation investment for Tech venture.
Would be great if you can do a video on the Philippines regarding the visas they're offering eg. the retirement visa. I've read a lot of positive articles about moving to the Philippines, hence the question. How does it compare to Malaysia for example which you highly praise?
Neutral comment: We are 1.2 billion people, so we will be a mix of good and bad OR rich and poor. Same was true of our Colonizers. The Portuguese and French still allow people from their erstwhile colonies to the Mother-country. Can't say that about Britain though. They want to Brexit too (the exit is highly questionable, since these guys never adopted the EU way of life completely. eg. Euro or White EU citizens. Remember myself laughing out loud when I turned around to shouts of "Hey Vermin" - which sounded like gibberish to begin with and the Polish chap taps on my shoulder to say, "that was for me"). But yes, the sheer number of people, also means that our 1% rich have a lot of money. Try searching for things like Property value in Indian cities OR our domestic gold consumption.
You’ve explained it all! Respect ✊🏼 brother!
"that was for me" this is funny and sad at the same time.
Kindly suggest a Seven Universities plan for Second Citizenship
Thank you for being courageous enough to speak about this and making content specific to Pakistanis!
Cancer of the planet
What about south east Asians?
Hi there what is the scope of Foreign Languages Teaching services company in Malaysia. We are running an educational services company in China for more than 20 Years. We invite foreign languages teachers as an employee of our company and offer them on hourly basis to our clients schools. Is this business possible in Malaysia? Can we open a branch office of Our Chinese Company in Malaysia and provide the same services physically to the educational institutes in Malaysia?
How about for Philippine citizens?
St Kitts and nevis is best and cheap for passport
Oh man finally someone talking about Pakistani citizens! Thankyou . Me and the wife and our 2 year old daughter are considering a 2nd Passport via CBI .
Thankyou !
Adnan, you had better consider a CBI investment right away. St Kitts and Nevis has made the real estate investment more inclusive of newer cheaper properties. Do it right away because the US Biden administration is pressuring CBI to shut down. Get rid of the Pakistan passport and application for an OCP card. Indians have an OCI card similar to the OCP card.
Pakistanis can apply for E2 visa no need to buy citizenship like Indians or Chinese.
@@AbhiRam-le8jw they are eligible but don't get it same like Iran
@@nayaknaresh I am Indian lady I want to take new passport which country would u suggest for me
@@NA-vt6mz st Kitts and Nevis - $100,000.
Hi sir what is your View on Portuguese D7 visa programne
they treat u well because u have a face which means a good person, decent, honest.... u look a nice person
Thank you, Harsha.
Caveat: If an Indian gets a citizenship from any other country, they will have to renounce their Indian citizenship. Of course, one can get their OCI card, they will now have to rely on St. Kitts and Nevis or other Caribbean countries that they get citizenship from, for protection. It's doable, but it's a risk. Thoughts?
So no answer at all
India doesn't allow second citizenship.
That painting and colour coordination!
Can you make a video on Russian citizenship !!
You will compromise your safety over convenience ....i take it with a pinch of salt, looks like he's been paid to do this video
Nice painting
Indian Citizens cannot have a second citizenship. Anyone acquiring one is deemed to have given up his citizenship & get a jail term to boot.
I would be curious about possibility of Indians giving up their citizenship & getting a new one elsewhere and using a visa to live in India as PIO/OCI (person of Indian origin/overseas citizen of India) and be taxed only on Indian source income & not on worldwide income. And some other benefits on things you are allowed to do or reporting to govt. you have to make.
As long as you LIVE in India, you will be considered a resident, even as a foreign passport holder and hence, you are expected to pay tax on worldwide income, not just Indian source. If you only want to pay tax on Indian source income, you must be an NRI or OCI living in India for a maximum of 119 days IF your taxable Indian income is above 15 lakhs. Any longer than that and you will be liable to pay worldwide tax. Remember one more thing that if you are an Indian citizen living overseas, if your taxable income is above 15 lakhs, you will also need to provide a tax residence certificate of your country of residence, otherwise once again, you'll be liable to pay tax on worldwide income.
@@harisadu8998 Does that mean a foreign passport holder with an OCI card, and living 119 days or less, EVERY year be taxed only on Indian source income?
What happens in case his Indian source or Worldwide income is more than 15 Lakhs or less than 15 Lakhs?
@@SanjayAroraIN If you are a foreign passport holder with an OCI card living in India for 119 days or less, you will be taxed only on your Indian source income and not foreign income. If your Indian sourced income is below 15 lakhs, you can live in India for 182 days with no tax on foreign sourced income. HOWEVER, if you are an Indian citizen living overseas, if your taxable income is above 15 lakhs, you will also need to provide a tax residence certificate of your country of residence, otherwise once again, you'll be liable to pay tax on worldwide income.
🌺🌺❤️👌
Finally something for Indians
So if you don't have an obscene amount of money, you're fucked. Yeah, seems right.
It was too useless and did not speak oriented towards Indians and their aspirations
Don't equate India with others, do your research and find out that TCS is the greatest employer in atleast 25 countries' in Latin America,Africa and Europe.
Fuck TCS, I work there and it sucks.
Talk so much but not gave name of any European nation where investment based citizenship programs easy . Just waste of time this video.
Do some research on your own, don’t expect others to spoon feed you for free.
@@Booboonancy Then what is the use of making video NUTHEAD.
@@xmanunlimited did you just call me a nuthead ? But to answer : maybe to attract customers ?
western europe may take them in, but if they ever get sick of too many of them, things will change! there are 1.3 billion Indians in India and growing. More often than not, they seem to take unskilled jobs over bringing something valuable. They can be rude and arrogant too. Always exceptions to the rule of course! Main good thing brought is food.
India doesn't allow dual citizenship
Thailand, Vietnam Philippines
so many beautiful sexy girls