Eight Reasons to Have Dual Citizenship in 2022
ฝัง
- เผยแพร่เมื่อ 31 พ.ค. 2024
- nomadcapitalist.com/
Dual citizenship has become more apparent as of late. This year we’re even seeing athletes soak up the benefits of having a dual citizenship. You might be wondering what a dual citizenship could do for you? Or you might think it would have no benefit to you. In the case of the latter, you might not realize that dual citizenship can actually provide many benefits, especially in uncertain times.
As we know, our governments often make decisions we may not agree with. Some of those decisions can directly affect the freedoms of their citizens. Brexit for example and the crisis in 2020. Rising taxes are also a prime example of this.
This is where having a second passport can be a powerful solution. In this video, Andrew shares the top 8 reasons to have dual citizenship in 2022.
00:00 Start
00:36 Reasons to Have Dual Citizenship in 2022
- Immigration
- Does Dual Citizenship Mean Having Two Passports?
- Multiple Citizenships
01:29 Travel Privileges
- Travel Around The World
- Business Trip
- Travel to Russia
- Travel to Malaysia
- Does Malaysia Offer Permanent residency?
02:54 Accessibility to Other Countries
- Australian Citizenship
- Travel Restrictions
- West vs. East
04:00 Financial Freedom
- Raising Taxes
- Wealth Tax
- Taxes in Canada
- Why People Don't Trust Government
- Federal Government of the United States
- Renunciation of Citizenship
06:34 Regulatory Freedom
- U.S. Citizenship
- Investing in Crypto
- Restrictions in EU
- Individual Retirement Account
08:28 Plan B / Hedge / Escape Hatch
- Personal Safety
- Robert Kiyosaki
- Is the world falling apart?
10:15 Personal Freedom
- How to Really Find the Best Places to Live
The Ultimate Guide to Finding Your Best Place to Live
- The Best Places to Live
- How to Become Free
11:35 Passport Security
- Cancelling Passports
14:00 Future Generations
- How to Help Set Your Child Up For Future Success
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".
Work with Andrew: nomadcapitalist.com/apply/
Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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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.
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What's your main reason for wanting second citizenship?
More liberties 🗽 and freedom live a happy life. In search of a safe place to start a new family and create the life I always wanted to live!
Security for me and my future generations.
Financial freedom and geographical freedom
Mandatory military conscription may create passport complications for me. Also there are people who believe that those who refuse the injection will not be able to renew their passports in the future. What do you think?
Freedom, lower taxes, visa free travel across the EU to visit my ancestral homelands, more options/escape routes to go where I'm treated best, and to eventually renounce my US citizenship. Once I comfortably hit the 7 figure net worth mark I'll be looking to work with Nomad Capitalist to find the best options for me and to diversify.
I am a Veteran and I definitely need to get out of 🇺🇸. My freedom and liberties are very important to me and I plan to go where I'm treated best! Thanks Andrew! Your videos have opened my mind to look beyond these borders and travel abroad for the peace I seek.
Aye, I am as well and it's definitely the one thing that I'm working on this year. Would be easier if I had more funds to pay for it, but the corrupt and incompetent SEC sure isn't helping in that regard.
@@GrandChessboard and please say the places where that might be best found….🙂
Croatia / Eastern Europe is the best choice. All seasons, Mediterranean climate, excellent food, beautiful women, good people and a suitably favorable life. Believe me, there is no further ...
The most important thing, now and in the future, is to have options.
Getting "Multiple Citizenship" is the best...
Having multiple living options is the freedom that I need.
"Go Where You Are Treated The Best"
I’m an American and last year I got Jamaican citizenship by descent. I’m also trying to get British citizenship by descent. I’m an athlete and I plan on representing Jamaica for the next competitive season and with the British citizenship, I want access to the free healthcare and other services in case I ever need it
Brit here - even with citizenship, if you’re not a resident you’ll have to pay an NHS surcharge of a few hundred pounds before coming over. I’m living in the EU (moved before Brexit), so I now need to pay to access non-emergent services back home!
@@georgewalley2086 I didn't know that thank you. I'm planning on moving to the UK this year for University
@Fauci is-a-liar Thank you!
American by birth but hold a British passport through my father. You are not entitled to NHS unlessyou're a resident and pay into it, as it should be.
Growing up I watched the WWII movies that would show lineups a mile long with people trying to get papers to escape the nazi occupation of their country.
Today we watch the news as thousands of refugees try to flee across borders with no documents and are blocked and then herded into refugee camps.
Trying to get papers to leave after something happens is a bit too late.
Luckily for me I came across an article a few years back that pointed out I could recover my previous countries citizenship and passport by blood.
I did the paperwork and spent the money. During the insanity of these pandemic lockdowns, I felt more at ease knowing that I had an out if needed.
Solid stuff as always. Thanks man
Great advice!!
Great content
Would be interesting to see a video of what you think are the best agnostic passports.
I've always said 2 is one, 1 is none. Love it!!!
Do a video on Luxembourgish dual citizenship. I just got Luxembourgish citizenship in December. It seems to be one of the simplest and most generous citizenship by descent options available.
I doubt there’s much application for it. How many people would be eligible? I guess not that much
@@ladlem3 Before Covid, the numbers of Americans obtaining Luxembourgish citizenship were about 700 a year. I think it's lower than it could be due to lack of awareness. Over 2,000 Brazilians became Luxembourgish in 2019. Definitely less than a Poland or Italy, but worth noting I think. Exceedingly rare opportunity in most parts of the world, but for those in Minnesota and the Upper Midwest in the USA or those in the south of Brazil, there are many eligible who probably aren't aware. Check out the LuxCitizenship website.
Please talk about renouncing citizenship. I am currently getting paperwork together to get my Nigerian citizenship for me and my son. After that I hope to get a permanently residency somewhere else. I'm hoping to have everything set up including a foreign bank account in 2-3 years total. I hope to have 100k minimal saved as well with 0 debt.
He has. Check out his previous videos..
I just became a Dual Citizen last month. Waiting for my Philippine passport.
If I get a retirement residence permit/visa in an EU country can I travel throughout the Schengen Area outside of the country with my residence permit year round? Or do I have some limits? I am considering this instead of the effort of full citizenship, but I am not sure of the implications.
argentina wont allow me to quit my citenship, what do you do in that case?
Which party in Canada proposed extraterritorial tax? I don't recall hearing about it.
can you share about a nicaraguan passport vs. some other options? i’m in canada and seeing things that as of aug 31st a second passport doesn’t matter, they still wouldn’t let me leave the country with that 😔
Nice suit. Which mill made the material?
If you are a citizen of one of the Mercosur member states, one of the EU states, you have a college degree & are a citizen of one of the Caricom countries you have a lot of places where you family can live. Many of those options are very tax friendly countries, especially for citizens of other Mercosur, EU, or Caricom states. I mean being able to live in a country you are not a citizen of as a matter of right can be more valuable to you than even being a citizen of the country.
100%! Thats a great portfolio
Not so easy in practice (for the Caribbean). True for EU though (not sure about Mercosur)
It is true God bless you brother
What’s your view on Palau residency
and would America have some hold over this globally with our information status?
Yes I would like to here about renouncing your US citizenship? I also have a French passport and a residency in the Bahamas?
I do have 2 but I feel like they might as well be one. I am trying to give up my US citizenship but I have not heard back from them in over a year. I have Canadian too but I need to get another one.
I am definitely planning to apply for dual / multiple citizenship in a country that is much warmer and less expensive than the United States of America.
I’m Singaporean. So I can’t get a 2nd citizenship. But that doesn’t stop me from being a global citizen living in Montenegro, enjoying Cevapi. Chasing lions in Voi(Kenya) or buying cheap 90s/2000s cars in Vietnam so that I can race on their newly constructed highways(Motorbikes not allowed) and drift on the mountain roads of Sepa. Go where you are treated best and where nobody gives a flying f*** about what you are doing
I am dual citizen-Bulgarian and British
Getting my Mexican dual citizenship now. Then off to Panama...
you can work in panama with mexican citizenship?
Dope
Hi, you mention Australia not letting their citizens back in but Canadian citizens that were unvaccinated were not able to leave their country. The Canadian government made it illegal to board a plane , train or boat. The American border wouldn't let them drive across the border. Can you use a second passport to escape your own country?
I'm Filipino and if I'm gonna choose a second passport, that would be either Canada or Australia. So that I can travel to Japan and Korea, and much of Europe visa-free because my Filipino Passport can't access those. 🇵🇭🇨🇦
I wonder what country is a good country to invest in?
Remember the old saying, " Never put all of your eggs in one basket." It is still true today.
I have an opportunity for Italian citizenship… is it worth going for it ? Jumping through all those hoops? Wondering if Italy and the EU is a good option still?
you can live and work anywhere in the europeen union with a italian passport. depends where you want to go.
Definitely worth it
Of course
I have UK and Canadian
I want to know if i come to the conference is there a fee for my wife or is she allowed to attend with me? otherwise, she can just hang out at the pool. Please advise
What if you and your wife have different dual citizenship ? I have UK and Australian, she has UK and Polish?
@Liba tal Klieb not true. Poland require you to give up any other citizenship to become Polish and would not allow a triple citizenship. As for my wife getting Australian citizenship, again she has to apply for herself because I got my citizenship by decent. We are able to prove we are married, so each country lets us in as a partner but not as resident.
What’s it like filing taxes and disclosing bank accounts?
My first passport is Jordanian 🇯🇴
My second is American 🇺🇸
Is a Jordanian passport a good option to escape the US's increasing taxes?
yeh i left Australia 5 years ago thank god i got out
Where do you think its better than australia? My australian citizenship is on hold since my wife is aussie and i haven't filled the criteria yet but its undergoing, but i do plan on getting a 3rd citzenship in addition to my home country and australia
Does having a historic criminal record (record from a decade or more ago) affect your ability to get second citizenship. What are the options if the government says you have done something they do not agree with?
Depends on the crime and country you are applying to - some are more forgiving than others. What did you do?
I guess it also depends how are you applying for a citizenship
I imagine citizenship by investment, marriage or another program will ask for a clean record.
Now citizenship by decent may not matter as it would be based on your birthright regardless of your criminal record.
I think citizenship by marriage despite having a criminal record in developing or third-world countries will be more possible than let's say if you were applying for US or Canadian citizenship by marriage with such a record.
But with citizenship by investment, pretty much most countries expect a clean record.
Ok, BUT, your "home" country that you hold a passport in MAY not allow you to obtain a second passport, DEPENDING on the specific country you are trying to obtain citizenship from. I think this is common knowledge.... BUT, what I can't find... is where that "list" is obtained. If your home country is the U.S., where can we find it....? And don't say the usual.... North Korea, Sudan, Iran, etc. Tell me some countries that would actually surprise us...
.
Vax #1 almost killed me. Now I am being forced into more. Going where I am treated better. First trip in about 2 weeks.
u stay well bob!
Do not take any more of those toxic jabs, whatever it costs you.
I’m always amused by Americans who say things like, “I don’t recognize my country” which wasn’t even fully “settled” until about 100 years ago.
Why does that amuse you? The country of today is vastly different from the country of the 1950s.
@@LoveClassicMusic0205
I think that's the deal.
As a "younger country" in comparison, it lives in constant change and development, which make it absurd to say "i don't recognize my country", when your country is ever changing, ever evolving, when has it ever been the same country for long periods?.
Instead of long established countries with respected traditions and conservative politics
I want travel documents. I do not want to pledge my fealty to any country. I don't want to be a subject of anywhere. So my goal is to acquire at least two CBI passports and to renounce U.S. citizenship.
Then I want residencies. I am in the process of acquiring the new Albanian residency. However, I may also get a residency in the country where I domicile my business. I also qualify for residency in Belarus where I retain a residence. I am definitely not planning on any illegal acts, but it is nice to have a non-extradiction bolthole.
I expect that the number of 'Nomad Capitalists' will explode over the next 20 years. We want to obey the rules where we reside, but we also don't want to be beholden to countries where we don't reside nor do we welcome their attempts to control us from afar.
im unvaxed in canada and i want to be able to leave if it gets too bad here. my parents were born in mexico but are only canadian for now. i need to get my mexican citizenship. do you think i am able and at what percentage?
Go man!!! are u relative with Benn from OR?
@@passsacaglia we cannot run from global tyranny. we can only become the very thing that is coming and do it differently
2 is 1 and 1 is none!
So please explain the steps needed to get one more, maybe two more passports!
Look at his past videos, he has gone over all of that.
I want a few things: Plan B, Visa Free/Visa on Demand Travel, lower taxes, access to crypto exchanges that bar US Citizens
Hell yeah
Does US law permit more than 2 citizenships?
Yes, they do
yes I like it
I'm looking for more freedom.
I’m Canadian and I would really like to get citizenship of an EU country. For me it’s about mobility for work. The type of work I do is academic and being able to do research in many different European countries would be ideal. Being an academic obviously doesn’t put me in the same tax bracket as the target demographic of this channel, so the citizenship by investment opportunities are not open to me. However there’s still a lot of useful information here. I’m considering pathways to French or German residency or citizenship by doing my third degree in one of those countries. If anyone in the comments has experience doing something like that I would love to hear your experience.
I'm also not a 7 or 8 figure entrepreneur. Why do I even watch this channel? lol
@@Timithos no, because it’s catering to people who are in high tax brackets, whereas for me that’s much less of a concern than the freedom of movement I want within the EU. I understand many people have problems with France and Germany and wouldn’t want to live there long term. If I could choose any EU country it would be Ireland, for a lot of the reasons this channel mentions. But as far as getting into the EU without investment and using education as a first step into the country - France and Germany are some of the easier options.
@@Timithos You are right. I was being a little bit sarcastic (I know, I didn't make it obvious). There is lots of good information here applicable to a lot of people and I have learned quite a bit from this channel.
If you want Ireland then that's not difficult either, process will be same for France or Ireland. In the sense steps you'd take to live or work in France should work for Ireland too. Though with France obviously if you get a degree then two years are shaved off for the time period before you can apply for citizenship.
I don't think Germany is a good option, and it will take a lot longer. France is your best option, as long you can show them you have made attempts to integrate and speak French fluently. You just need EU passport obviously, after that you're free to live in Ireland as you wish. Though personally between the two I'd still take France haha :)
Are we going to the weeds a little about extraterritoriality before taking a breath? It's not like people of whole countries in lock step are rising up or is this what's up out there? And BTW I just awoke early here but this sounds as though I'm hearing raw segue's just one then some others. You bring up so many vital concerns to be deeper discussed.
@Fauci is-a-liar what I said
@@Timithos Why would anyone watch a censored news channel? I'm right here on the open source media sections in TH-cam. Say more. I don't believe we've met.
I am married to a UK citizen . We live in the US. I am a US citizen. Can someone tell me how to obtain UK citizenship ( dual ) without having to live in the UK for 3 years? My husband is a dual citizen now so I would like to have dual.
I'm going to buy second home in Palestine well aware such of the dynamic geopolitical matters, but my country is no less in turmoil internally so I'm oriented. Keeping tabs here for collaborating your unique views this way
What is your definition of 'belly up '? When things become so grim, because of the effects of corona,the fuel crisis,inflation Brexit etc a 2nd
passport seems to hove into view as a good option.
Get rid of imperialist US relationship and live where the priority has nothing to do with being up in my business, literally, and continually coming up with ways to try and control life for their own power. Crazy days.
I have a Canadian passport and a British passport I don’t trust the banks the government or the stock exchange right now I’m planning to move to Mexico I don’t know what to do with my money so I can retire I’m not rich but I could live comfortably in Mexico but I also wouldn’t trust a Mexican bank as far as I can throw them. Help!
Isn't having a second passport make it possible for a country to cancel your first one. Having one passport means you get stateless, which as I understand is against international humanitarian rights
having no passport is stateless
1 passport is you being in a state
+
Nr 5 and nr 6 ! Freedom, no slave society like the globbies wanna push and be free like I've always been. Best passport to escape and buy real estate and retire NOW!
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.
Hi Taz, I've come up a question based on your comment. What if I marry a Spanish and I live in Spain and she doesn't. Will I be eligible to apply for my Spanish citizenship?
@@angusjlo9447 I would guess so. If you look at the Spanish nationality site, you will see that as long as you are not separated, you can. If you are in the process of leaving your spouse, then you would not be eligible. I am not a lawyer, so you may want to do more research. I would link to the Spanish nationality site, but this post may get deleted if I do. Just Google "nacionalidad espanola" and click on the result with the title "Nacionalidad española - Ministerio de Asuntos Exteriores" in order to get to the site. Hope this helps.
@@TazExprez thanks very much. I'll have a look at it. :)
DR! 😎
@@angusjlo9447 You need to live in Spain for a minimum of one year to be able to apply for citizenship by marriage.
Hypothetically; if you were one of those NFT guys that had $200M in assets and decided to sell half. But you sold it in Portugal (converted to FIAT), what would the tax be? Assuming you were a Citizen of course. Do you pay any tax? Can I take that and invest it in an other country without paying tax?
Thanks for all the videos, you guys are the #1 go-to page! Cheers
I have been working towards cyprus citizenship by naturalization, putting in that time. When I have money I will purchase a Caribbean citizenship.
Being a Canadian I no longer trust my country nor do I feel that canada is home. In my opinion, canada has become no better then the USA.
fortunately I was smart enough 2 years ago to notice canada going under a left.
I hope to have the opportunity in the near future to renounce my canadian citizenship before global taxation in implemented.
Its not always easy getting another citizenship but will be worth it in the end
How are you liking Cyprus?
was gonna say, canada was never better than the USA..
What if a person has a (worthless) Dutch passport? Even though Dutch people are all around the world, it's a challenge for them. Did you have any Dutch clients? Probably, they first need to get 1 other citizenship, then get rid of the Dutch one, and then get second other citizenship... Perhaps it can be nice to make a video about that! There might be other countries being ridiculous:)
lucky me.. I got canadian and french citizenship XD
probably the highest taxed places on earth at this point.
any USA person wanna marry me? you can go live in France or anywhere in europe after !
Get out of Canada quick
@@findme7862 can't :(
cannot take a plane out of the country wihout beeing triple vaxxed.
my only option is going to the USA at the moment. looking for job offers or at the E2 visa but it doesnt lead to citizenship which I would gladly cancel my canadian citizenship for.
after how they treated me for the last 2 years, canada can keep theirs.
Why would you want to marry only US citizen?
You can marry anyone they what too
Me I just recently became a widow about a year ago kind of skeptical if I want to go back into the dating thing but I'm thinking about getting out of the USA and getting me a second passport
Not Canada I left that communist country.