Why and How I Renounced US citizenship: My Expatriation Story
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- เผยแพร่เมื่อ 3 มี.ค. 2018
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The questions if, why and how I renounced US citizenship have been multiplying in the past couple of months and the time has come to answer them.
In this in-depth video, I am sharing why and how I decided to take the final step towards renunciation.
Since so many people have been interested in the process of renouncing the US citizenship, this video will hopefully help you along with your final decision.
The journey towards this final feat lasted for over a decade, and I've had my fair share of lessons along the way.
From being frustrated and angry about how things work in the United States to becoming a person I am today are millions of miles of traveling and becoming better with every step.
Among other things, it's important to note that this is not a one-size-fits-all solution, and you need to feel right about making this decision.
During the renunciation process, many of the stereotypes I've had were shattered, including how difficult the process would be.
One of the most important insights to ponder about is that the US is not your enemy and that citizenship renunciation decision should never come from the place of anger and overreaction.
The process in itself is straightforward, completely judgment-free and hopefully, by the end of it, you will feel as though the weight has been lifted from your shoulders.
To find out more about what you need to finalize citizenship renunciation, as well as some guidelines to help you along the way, keep watching the video.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
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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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Renouncing a citizenship because it increases your liberty is THE American thing to do. YOU, my friend, are a true American Patriot, in the original sense.
Thank you, Benjamin.
Sad but, true. Our forefathers would not be happy!
I agree. Why not live abroad and. not renounce?
@@fredb2022 Ive lived abroad for many many years. My wife (Spain) doesn't report taxes, but I have to.
1. The US tax code is so complicated that I pay a specialist in Seoul to file for me. Still, I occasionally screw up to the tune of thousands in fines.
2. I have to pay capital gains tax to the USA if I sell a home in Botswana, Fred. US lawmakers must actually hate their citizens to do stuff like that.
100%. Our ancestors created this country and it was over run by tyrants in the name of “democracy”. This is a republic. Used to be. Renouncing is the only way to rid the chains.
People don't understand how vast the World is.
Most US citizens have Never left the towns, cities, and states they live in because they simply can't Afford it.
But also because of fear
Many people are broke now. 50 or 60 percent have barely money for 1 month.
I mean, the USA is in the top 5 biggest countries. There are a lot of places to visit.
Meanwhile EU countries are much smaller, so people cross “borders” much more.
america is not a country anymore it hasnt been one since the end of the world war and maybe before civil rights. America is totalirian counytry run by morons who are soaked in greed hate proganda lies
they've never done it mostly because they were thought tghat the ius is the best country inthe world, also cuZ they don't know shit about other countr\ies, americans think of them as about some wateland lol
I haven't renounced my American citizenship but I did become an expat and happily retired and living in Thailand for 10 years. I have visited the USA just twice in 10 years. Each time I felt I really did not feel I had a connection with the USA anymore.
Do you have Thai Citizenship now? You should qualify now.
@@gopherlee9427 lol.... I even married a South African in 2007 and have lived there all these years. In 2013 they changed the way they do things and got my paper work all messed up. I'm not even on the radar here anymore....crazy world.....one more reason I'm glad I'm still a "Red, White, and Blue" guy.... lol.
Sexpat* immigrant
I’m only 16 years old and I can honestly say that coming across your channel has been a blessing. Personally, renouncing my citizenship is appealing because I don’t want to be bound to such a country of destruction in its healthcare, dietary system, financial structure, educational system, etc. So much about this country feels as though it’s designed to keep you bound to negativity and make it so that it’s nearly inescapable. This is something I will definitely continue to research in depth. Thank you so much for sharing your story, you’re changing lives for the better! 🙏🏼 ❤️
Where do they have better systems ?
@@DupaSuperBoy Almost ...Everywhere?!?!
build something first son, dont be renouncing anything until you can take care of yourself, this channel is for self sufficient minded people, not those looking for a particular "system".
@@midlifecrisis7888 nomad capitalist is literally a channel for those seeking liberation abroad and caters specifically to nomadic people. “Self sufficient minded?” Anyone with the desire to learn and perform the due diligence can become knowledgeable on this matter. Age is but a number when it comes to these things, but you enjoy the rest of your day. Happy Halloween! I’m totally a female btw.
Keep your US citizenship for a long time before you decide to renounce it.
I was brought here as a teenager by parents, as an adult I've made the choice not to naturalize. Highly criticized by many "why won't you?". Andrew has reaffirmed for me every reason for my stance.
You're welcome for being able to live in my country and not grow up in Mexico.
@@mikev8577 shut up mike
@@mikev8577 shut up colonizer.
The first 40 years of my life passed before I asked myself, "Why do I live here?" The answer that came shocked me...when I realized I live here mainly because my grandparents decided to settle in the area...then, because of their decision, my parents repeated it...is an ancestor's decision made almost 100 years ago a good reason to stay? No! Andrew's work has opened my eyes so much. Thank you Mr. Henderson!
people stay because its nice to be around people that are similar to you and speak the same language as you... btw i am all for moving but theres nothing wrong with staying where you grew up.
I renounced it yesterday, finally.
Congratulations.
Good job. So did I. Just have to wait for the walking papers...
What country are you citizens of?
Tell us ur story !
@@robotman5435 China
Ironically by renouncing to your American citizenship your are showing the real spirit of the people who formed what’s called nowadays United Stated of America. Well done to follow your heart I’d say👏
Thank you.
Love how logical you were when making this important decision.
Thank you.
My wife and I are discussing this. Thank you for your insight and heart on the subject. Bless you.
I’m going back to my country, the Philippines and I am going through the process. It’s hard to do the exit tax thing. But when I am done with that I am going to feel free. Thank you so much for sharing your experience.
golondriz3 , good for you .. no more having to declare your USA taxes and bank account to the USA 👍🏻👏
What was the last day of your exit tax was it the day you faced consulate in person or the day you received cls certificate after couple of months?
Can someone clarify how this exit tax works?
@@Temboz somebody already did but the admin deleted that, i guess that's Andrews business strategy
GOOD FOR YOU!!! BRAVO
The best video for Nomad Capitalist because it grass roots, just you and Andrew sitting down and having a comfortable but very serious conversation. Good stuff. Thanks, Andrew.
Glad you enjoyed it, Mike.
Interesting video. I have lived abroad numerous times in the past five years. Since returning, sometimes this renouncing thought comes to my mind. I do not feel that the U.S. represents me either. I can't say that another country represents me, but when I am away, I am glad I am away. When I return, it's great for a little while and then the need to go aways surfaces again. At times, it feels complicated. Perhaps this is something to consider, but I am not quite there.
RESPECTS for being a global citizen & I thank you for feeling the pain of so many people's lives destroyed around the world by the US military industry complex. I commend your brave decision of letting go of US citizenship & your honesty in sharing your experience.
Thank you, Lexi.
Thank you so much, Andrew. This slightly emotional conversation is certainly your best video to date. Thank you for your mentorship and help as the leader in your field. This video has really allowed me to ponder my future and identity. It was just what I needed!
Why has the U.S. made policies which force its best, brightest and/ or shrewdest, to renounce their citizenships out of practical reasons or principled stances ?
the coming retirement crisis. the problem with democracy = boomers always outvoting everyone & boomers now going into retirement. they have all the political power, but now have none of the labor force power.
We have gone through this s as well. Your statement of it “felt like a weight off your shoulders” so spot on.. sense of dread is correct
This video was incredibly powerful! Thank you for making it! Thank you for the high level of honesty and not sugar-coating this. This video should be mandatory for every US citizen thinking of renouncing their citizenship.
My wife and I came to the US in 1979 from the UK. We have worked all our lives here but want to retire back where we came from. That is proving to be much more difficult than either of us anticipated. We became US citizens in 1986.
I come from India, where the passport is laughably weak. I spent 5 long years in the US as a permanent resident and just became a citizen this year. It's a huge HUGE step up for me and I'm excited to ry out my new travel privileges.
At the same time, I'm growing my business and soon, I think I might want to diversify my presence around the world. I love the thought of being a global citizen and not having any one country control you and your wealth.
I completely understand why you left the states and I applaud you!
US just embraced you and made your life better. All you can do is contribute for that new place which can call home.
Why would you applaud someone who did something that complete opposite of being grateful.
Your pants might not fit my butt, and vice versa. Citizenship needs can vary wildly from person to person.
Sam, please understand that naturalized US Citizens still do face challenges with a US Passport. Your POB (place of birth) can still limit you. It has already happened to many already. Some have been denied ETA visas etc.
Citizenship changes. Your POB never will!
@@youtubeuserzzzz Place of birth ? There's no such thing as place of birth but a birthright of the place .. without a birthright law there s no place as you were born anywhere.. so it s not a place but a law of right makes you a citizen. as you could be born in Germany or Japan and you are not as you are born there because they dont have the birthright right and its citizenship and you can't be their citizen. therefore, naturally you are born to the mother and come from that person and not as from the ground like a tree . lol
I really appreciate you letting us in to see how your experience went and the hard truths that came with it. Thanks for the clarity!
Good video! When you have other good passports a US citizenship becomes more of a burden than a benefit. Seems like a no-brainer to someone in your shoes. Good luck!
@Mr Me liberty...seems you're being taxed so much that your brain cells don't work anymore.
@Mr Me I'm a military vet and I'll be leaving. Quality of life, weather, health care, and FREEDOM is better in a number of other countries. Do your research.
Question do you have a wife and children?🤔 Probably not, which can pose it's on level of challenges.
@@SenorJuan2023 Which countries do you think of when one has considered the examples you’ve excellently brought up?
Just talked to a US citizen friend living in Paris. Like myself...she has lived most of her life outside of the states and has dual nationality. When I mentioned to her about Obama's FATCA...she responded..."then I will renounce my US citizenship". Simple as that. No 2nd thoughts. No heartbreak. No guilt. Time to get out.
@@Originalman144 Income is not the issue with FATCA. Its an obnoxious law that makes foreign banks not want to deal with Americans at all. You could earn $0 and have problems. Retired people have problems. It is awful, and probably one of the main "facts not feels" reasons people get rid of their US citizenship. PS. FATCA is so problematic you can have issues banking abroad even if you were born in the US, but you are no longer a citizen of the US (birthplace is on passports). And yes, the IRS may in fact hassle you if you fail to report one penny over the allowed exemption when working overseas (exemption is currently just over 100k). Zero accountants would tell you to rely on this "probably won't hassle you if you are only a little over" rule. The IRS is nasty, the tax code sucks and is overly complex, and this is another great reason to get rid of US citizenship.
Great video Andrew, and thank you for taking the time to explain in clear concise terms your decision.
Andrew 2 years have passed since this video. It would be great if you could do a follow up video in light of the recent upheavals currently plaguing the United States. I find your content very informative and stimulating.
3 years now....
@@thommysides4616 Andrew saw the writing on the wall. He's way ahead of the Curve.
4 years now and I wish he would do an updated video about this.
Please do an update video on this. I am very interested in this topic. I’m not an entrepreneur but I do hope to be able to change that soon.
being a military vet i can honestly say alot of my friends who were lucky to go overseas never came back or even wanted to
i predict that America will soon be full of 3rd world nomads that come here out of necessity and alot of citizens will jump ship if given the op
Vet also, just got back from overseas and didn’t come back by choice.
Thank you for your candor on your extremely personal decision. I have so much respect for you. I can't imagine how it felt to really align your life with your principles. Everyone talks about it but it comes at a tremendous cost to live in that way. Of course, there is also the great benefit of living with no regrets. So inspiring!
Thanks, T.
Wow! Andrew. Thank you for taking the time to tell your deep story !! It is just like to hear myself talk. I have been so down lately. It was a curious and happy coincidence for me that it happened to watch your inspiring video. Emotions are often ignored. You are brave enough to be vulnerable. My respect for you.
Thank you for sharing that! It’s nice to see someone who is real & living their truth. Its been an emotional roller coaster for me. This really brought me some much needed clarity.
Much respect Andrew. You made a very brave decision. Best of luck!
thought provoking and emotional. I know it was hard but is for the best. I don't think you will regret it. regards, Jake
What a great video. Seeing your open and honest experience is really on another level!
Thanks Gwai, glad you like it :)
Thank you Andrew for this amazing video. Very honest and pragmatic
Powerful. One of the most heartfelt videos I have seen on TH-cam in a long time.
This video came up on my recommended videos tonight so as someone who is interested in the topic, I wanted to check it out.
I appreciate your sincerity in discussing this. I can definitely tell that you have a level of peace compared to most of the population which you are no longer a citizen of.
This is why I am hoping to retire early in five years so I can live around the world as well.
Fingers are crossed.
Thanks for the great content.
Thank you, Jerry.
Completely grateful that you shared your story. I’m going to follow a similar plan within 5 years. Thank you.
Thank you Fernando, I`m really glad you enjoyed this video
I feel like you just spoke my story out loud for me. Thank you for sharing.
Great Video... Thank you for spending your time to give us your RND. I'm needed to hear this.
Thank you IAMCASHRULEZ
Thanks for sharing, Andrew. I've watched your videos over the years and you do seem more relaxed in recent videos. I noticed this video is over a year old but for some reason only had it recommended to me yesterday.
This is one of my favorite Nomad videos, thank you for so comprehensively sharing your unbiased experience Andrew
Congrats Andrew, a lot of what you're saying here echoes how I feel. I used to be much more angry with how things were going in the U.S. but since I left three years ago that has really changed how I view things. I think living there was breeding a sense of powerlessness, like I was being drug further and further in a direction I didn't want to go in, so leaving relieved that sense. Renunciation will be the final step. I'm on the verge of getting another citizenship, but before long I'd like to reach out to your team through your website for some consulting if possible on which Embassy to use, etc.
Thank you for all the free information you've provided over the years, Nomad Capitalist has been a major source of quality info and also inspiration for me.
Nunya Biz Thanks!
Feel the exact same way
You don't have to be identified with your country's mistakes/wrongs; you are not responsible for it, you should not feel guilty about it. Every country has its own flaws/bad side.
Thank you for putting it out there. I think it's fair to say that any US citizen who has lived abroad for a significant number of years has considered the path you took. If it's not too personal a question, could you share with us what your go-to passport or passports are now that you've moved on from US citizenship?
People of means always have an out or a loophole. I've lived in South Africa now for 13 years and have never once thought about renouncing my citizenship. I'm a die in the wool republican and I love sending in my vote once every four years. If the U.S. A. ever goes under..... it's all over everywhere anyways.
@@thommysides4616 nope and 😂😂😂, no where close to the truth. There was a world before the US and there will certainly be one after it's way less relevant. Happened with all others in the past......British Empire etc.
@@thommysides4616 average voter, lol...
Thank you Andrew for being so honest and open about this subject. It took a lot of courage to make a video like this and I really appreciate your candor.
Thank you, Kevin, for the comment
don't regret your strategy of leaving USA, its a good point ........:-)
You know it was time to leave. Hands down I understand and respect your decision. Peace & good move.
Thank you for taking the time to respectfully & emotionally expressing your feelings and rationale on your actions.
You will always be an American at heart,
yet we can understand your decision.👍🙏
Thanks veey much for sharing your story Andrew. It feels hard to immigrate or renounce your citizenship, but you regain your identity and you get to choose what country is worth to represent you and deserves your money, time and energy. Thanks for sharing again Andrew.
Thank you! You'll always have your own identity, regardless of the country you belong to. :)
It always depends on which country you come from.For some, it is clear very early on that they want to become citizens of the country they are moving into. For others sometimes comes a special point after years of consideration. Even if you grew up in the country whose citizens you want to become.
@@nomadcapitalist Indeed. Cultural essence and nationality are distinct constructs.
This is really an exceptional video. Your complete honesty and sincerity is touching, and it makes me consider this issue carefully (as an American approaching the possibility of an EU country passport). Thanks for making this video.
Thank you.
I really appreciate all the work you do into your videos. Its really thought provoking. I am a US citizen but never "feel american"...everyone asks where are you really from? I think you made the best decision, financially as well as value system. I want to live where I am treated best.
Farhiya A Unfortunately I understand your position when white Americans ask me a born american “where are you from?” My answer “America.”
A beautiful heart-to-heart thank you for sharing ❤
I’ve always enjoyed your videos. In the past I watched them to explore and evaluate what my bigger options were. But now after having watched this video I don’t know how I’ve never seen it before, my level of respect for you has just gone through the roof. I’m currently facing a very exciting future of doing exactly the same thing that you did and I am doing it out of a wide angle Lens rather than hate or frustration or feeling pressure. I am more seeing that it could open up tremendous opportunity and worldwide adventure with less tethers and obligation from a country that I just haven’t felt was home for many years. Thanks again
Very thoughtful and insightful.
Great video, good luck. See you in Monaco !
Hey Andrew, thanks for the video. I really appreciated the perspective and information even though right now I am not planning on your personal strategy with regard to US citizenship.
I'm currently working to get more diversified and get a 2nd passport. Thanks for all you do!
Glad it was helpful, Matt.
Love hearing your story! Congrats!
Thank you Kiara
I liked this video, it's longer than usual with you just talking but it was really interesting. (I would have loved knowing the other reasons but I get it)
Good luck
Andrew, Thank you for sharing your Renunciation experience and motivations with way us. My own motivations for Renunciation in 2012 are much the same as yours. I already had the benefit of Dual Nationality, but felt increasingly uncomfortable with the way America was going over a number of years before hand. However, my experience of the event was a long way from a cosy chat. The hostility and intimation I experienced from the State Department officials on my second visit could have easily frightened as less determined person off. I got the full stand at the booth window, with the official, an assistant, a Marine and the American Flag confrontation. The attitude and the atmosphere was, as you say like breaking up, but with a very angry partner. I hope others, who venture along this route have an experience more like yours than mine.
Thanks for sharing your experience.
I felt deeply humiliated by the US visa application procedure. Every clerc in the Embassy wanted to demonstrate me that Americans are upper class and I as a Russian is a second class person begging for a favour. Awful! I was so shoked that even wined when I went out of the building. This was a simple tourist visas for visiting my friends and trekking in national parks! I was not going to live in the USA and use their social care system.
@@bogmelochej i understand you (im brazilian and female, so they also think im going to chase some husband to get the green card)
Thank You for making this Video. Ive Been greatly researching this topic, and lately its been refreshing to see people sharing this experience. I totally respect the personal aspect of this process you keep mentioning. It was very personal beliefs that evolved into something else, that led me to this conclusion. I am a teritory national in the US right now, but this step is next. Thank You for sharing, id love to hear more! Nevermind the haters, they have agendas... this isnt about or for them. You have been quite clear and objective, even about your own subjectivity. Thank you again!
Darrel D. Thank you, Darrel
Nomad Capitalist am an American in Ohio. I want to explore Canadian Citizenship. I do have family in Ontario but non of them ever worked in USA. Am curious if Canada’s CRA & IRS share info on income if one is dual citizenship. I know both US-Canada are historically and culturally super tight 🧐
You have this critical thinking and integrity, honesty making this decision and following through so you can be your own ‘authentic’ person, I am so grateful you shared this to the world, thank you very much❤️.
So emotional and deep. I've never felt like I am "home" in America. I would love to expatriate and denounce or renounce one day. Very inspiring
Outstanding content I’m so glad I came cross your channel. Thank you so much for sharing your experience.
Welcome!
Thank you for your truth this is motivation
Andrew, I have only just came across your channel. This video of your renucification is powerfully heartfelt. I am awaiting my copies of your book to share with my team, and one day looking forward to your mentorship. Thank you very much for sharing your life.
We will be happy to serve you.
Im so grateful for this video and it fell into my feed at the perfect time. I've always wanted to live outside of the U.S. but I never knew that renouncing citizenship was an option.....it didn't even cross my mind....UNTIL NOW. Now it's all I can think about. The fact that I'm so excited about the possibility is surprising to even me. But that in itself is quite telling. I'm grateful to you. Thank you for leading the way and providing food for thought as well as inspiration.
Hi Melanie, amazing words! Thanks a lot!
No one is obligated to loyalty towards a specific government/state. A state is neither the land nor the people, and its laws do not equate to the values of the people. In my experience, many US citizens can't separate the US state from their own identity, which seems weird and very unhealthy to me.
While I have no desire to give up my current citizenship, I have had similar conversations in my head about identity and identifying as a citizen. I appreciate your sharing of your thoughts on this.
Any problems or issues getting a nonimmigrant visa B2 or B1 after renunciation.....???
As a citizen of Brazil who needs to have a B2/B1 Visa for visiting the US, I can tell you that they will investigate your financial situation in every detail before granting you the Visa. Of course, if your passport is from the nations that don´t require a Visa for the US (European Union, Japan) that does not apply. Overall it´s a rather intimidating process but if you do have the financial capability, they will grant you the Visa. I hope this helps.
Great video. By far surpasses the very best CEO speeches of all time! I wonder if there is a video about older people and nomad capitalism?
Thank you for your integrity and generous sharing of your journey @Nomad Capitalist. I was moved by your sharing, and think I may be heading down the same path for the same reasons. May we all be global citizens and share a common heart one day. Many blessings to you.
Thanks for sharing the video. I've been thinking about renouncing my citizenship for over ten years but I haven't gotten to the point of figuring out how to specifically do it given I'm tied into a standard job; if I could figure out how to make the Nomadic Geologist work I would. Anyway, the best line of the video, " It's not my circus," is a sentence I hope to eventually say myself.
Someone has to pay taxes for the US industrial military complex. No brainer get rid of the US passport
Yeah bc the US is too dumb to charge Germany and all of Europe for their defense or Japan or South Korea. Trump is changing that. He is demanding no more freeloader on our military.
@@kevinl8440 Perhaps Trump, that " patriot" should start to pay taxes himself no? He already dodged the war... how much more can he screw the country?
@@kevinl8440 Far from it the US Industrial military complex not only extorts billions from hapless US citizens but many other vassal states like Saudi Arabia, South Korea , Australia who pays billions upon billions in "protection" money via the purchase of overpriced junk weapons.
@@kevinl8440 Didnt Trump increase the military budget by 200 billion? A 33% increase from its previous budget? Lmao get your head out of the ground and wake tf up.
@@erwina4738 Wtf does increasing the military budget have anything to do with protecting Germany. Trump PULLED TROOPS OUT OF GERMANY. Get YOUR head out of the ground... I'm ex-military btw loser so don't school me on military matters
Just want to express my gratitude for your time, and perspective on this subject. I'm just beginning to consider the process of renunciation, and found this video helpful, and clear.
This is actually heart touching. Thanks for sharing.
Great Great Thank you Andrew for sharing and info keep them coming!!!!
You make a powerful statement here, Andrew.
Thank you so much for relaying your experience with the Dept. of State via an Embassy. My family and my best friends family hails from that background. Not from the political side. I'm glad you did your research and so glad you shared what is a unique and much needed mentoring.
Wow, that was a huge move. I honor your journey.
Hi Andrew,
After reading your article and watching this video, I want to thank you for sharing your experiences.
Renouncing ones citizenship is not an easy processes involves with emotional decisions i.e past identity, comfort, fear of the unknown, consequences etc.
If one does no longer ''identify'' or ''feel'' as a citizen of the habitual country that one has born/grown up in, then there is a reason to renounce.
Love your content and keep on what you're doing. You are an inspiration to me. :-)
Hi John, thank you for your kind words. :)
Thanks Andrew, for your views on Life.
I am so happy that I found your channel. The fact that there are others that feel in some ways the same as I do about being an American brings me so much relief. From a really early age, probably 12 I just knew I was naturally not drawn to my surroundings. At 15 and 16 I flew to Italy after many years of wanting to move to Europe SO badly, I went to study abroad to get some satisfaction of living the life I wanted. I was extremely adamant about my feelings and decisions and I still feel that way.
Having experience with US renunciation, what can be said is that this is not a difficult process. It is not an ominous or a major overwhelming decision that you really have to be careful with that you could regret for the rest of your life, as the US government and the vice consul at the consulate will make you think. In other words, it is really not that big of a deal. You just need to make sure that it is the right decision for yourself and only you can make that decision.
If you have citizenship in another country or even if you do not and you become temporarily stateless, but you know you will later get citizenship where you are currently residing, and you are safe and secure in your current place of residence outside the US, and there simply is not a need for you to hold US citizenship, then consider renouncing. It is not that big of a deal. The problem is the US government wants you to think this is really ominous and a very detrimental decision if you decide. Nothing can be further from the truth. You will actually find yourself being more free and happy, assuming you do not need to stay in the US longer than three months out of the year.
And if you want to go back long-term to the US, you can always obtain a visa and go back. It would seem that the US would welcome you back as long you have work or can sustain yourself, and be a taxpayer again. You just immigrate as anyone else would.
Denali Ocean Sure, however not all non-citizens can spend “three months”, and the amount of time one can spend could be more or less depending on tax considerations and visa issuance.
Yes you might end up falling into the US tax net staying three months out of the year repetitively. The rule on this is a little complicated. And I am referring to a passport which has visa free travel to the US in regards to the 90 day stay. And the particular renunciation experience I personally have experience with, is in regards to subsequently obtaining a top-tier passport.
@@nomadcapitalist That's true, and also the US CBP immigration officer can chose to reduce your stay to something like 60 or 30 days instead of the normal 90 days for almost any reason, especially if (s)he feels you don't have sufficient funds to survive your stay in the US without working, which is obviously illegal unless you have an employment visa. That's IF they decide to let you in.
It is ominous for those who collect government pensions. They tax it anyway. So moving to another country isn't going to escape that. This is a rich person's game. If you have your own business and want to leave then it totally makes sense. A grunt state worker collecting a pension isn't going to get a tax break if they break ties. The tax will still be taken out of that pension or SS.
leaving one's native country is like leaving one's native religion
of course, strong feelings
@ekim andersom Most of the people on earth are brainwashed, and you're not? okay
@@user-ci6hd6oe6w you are native to any place you were born in...I don't think you understand the definition of the word.
@@demoncard1180 Of course. Most people's opinion or ideas are just random and easily manipulated.
I don't think the ability to think by yourself has any relation with age tough. Maybe just the fact that you have more freedom to really take your own decisions.
@@user-ci6hd6oe6w Europeans aren't natural to Europe either. You need to arbitrarily determine some rule that prevent's you from looking too far into the past at where people groups where at in point in time.
The people referred to as Native Americans who were here before the 1600's also at one point migrated to North and South America from elsewhere.
The only meaningful use of the word 'native' is to say where an individual was born.
@@user-ci6hd6oe6w no one is native to America because the American Indians came from somewhere else too.
I relocated from San Francisco to New Zealand in 2002. I have not been back since 2005 and really have no reason to go back. I am now a dual US/Kiwi citizen. Because of my income / net worth, while I only am required to pay tax in New Zealand, I have to file tax returns in both countries. And report all my bank and brokerage accounts to IRS. Which is an expensive hassle. But now that Biden has been elected, I am planning to renounce American citizenship this year.
Let us know if we can help with anything.
Thanks so much Andrew. This makes sense to me. I appreciate your authenticity.
My pleasure Jule!
Thank you for a thorough video about this process.
Some people feel because they were born in the US, the US is the only place on earth & if you have travelled extensively like I have & lived in different countries like I have it's no big deal, it's easy to adapt. Unless you have never adapted, you wouldn't understand what I'm saying. You dont have to be tied to somewhere because you were born there & you dont have to be tied to someone because theyre family. There were people in my family if they weren't family they arent people I'd be friends with. I don't cry because I miss home. Home is where Im at at the time. I dont miss where I was born nor do I ever visit anymore. I dont believe in spending money going back to places Ive been! There's a whole world out there so, I too will be renouncing too. America is not my style, never been so, it's time to leave.....again🎉👍💕
Thank you for sharing this so vulnerable. I feel that Germany is no longer the place for me to live in. And I have 3 children that I will take with me. So there's a lot more, many more emotions I will have to hold and go through, including the process of enabling our freedom.
where will you live?
Come to Switzerland
@@swissladydriver8980 Switzerland also has worldwide taxation for residents so what's the point
@@vipdemand5965 I'm not in Switzerland for tax reasons, but the taxes are lower than in Germany and my opinion is that the public schools in Switzerland are better than in Germany and so Switzerland would be a good option for the OP who has 3 children.
Good man, good introspective honest video, thank you for posting.
Great video, as a trans-cultural Belgradian-Canadian, I really feel you.
Hi Eric! Nice to see here, even if a while ago.
Will never denounce my US citizenship my parents brought me to this country for a better life and I won't let that sacrifice go in vein...people don't understand what they have that people only dream of.
Good stuff. I was considering renouncing and moving somewhere in Southeast Asia (either Thailand or Singapore) but don't really know if its necessary. I intend to make my living at home as an author and freelance copywriter, and the concept of the digital nomad seems right up my alley since I am obsessed with personal freedom.
My humble opinion: Don´t even think of renouncing, A US passport is very good in Southeast Asia, you can easily obtain the Visas and extensions. If you are ashamed of your government just pretend to be Canadian. Good luck.
@@PauloGaetathe_original I'm dual citizen with Irish passport too. The world doesn't hate Ireland like it hates USA. I travel on that and have no issues in Asia or elsewhere.
@@PauloGaetathe_original I'm a now former US citizen who also has a Taiwanese passport. I always travel on that and never use the US one. No one around the world detests and despises us Taiwanese like they do Americans. In addition, a Taiwan passport also carries plenty of visa-free privileges and is almost as strong as most Western countries' passports.
@@albertl.9146 Help me apply for a mechanical engineering job in Taiwan?
Excellent video. I have been thinking about this for a few years.
Thanks for the very heartfelt explanation. We've been living the expat life for a couple of years now in Spain, but are kicking around hitting the road for a few years. Your content has been very helpful just to bring additional considerations to my attention. Keep up the great work!
Thanks for sharing! So happy to have you😊
Ever since I was young, I've never understood why you had to love where you were born. People get mad at you for wanting something else, or not agreeing with the system you were born into.
Andrew, thanks for this video and the open honesty behind it.
Huge respect from a Kiwi resident in Australia.
Hi, I (also) want to say Thank you for sharing this obviously hard experience. I love you and I love this channel.
Hey! Thank you, we are glad to hear that you are following us and that you like our content.
Dear Andrew. Thank you so much for making this video. I've only recently discovered Nomad Capitalist, and it's honestly been quiet life changing. For this alone, I am very grateful.
Your very personal recounting of your decision and the process of renouncement is particularly meaningful, as people don't talk about it. I have lived outside of the United States for over 20 years (regretfully went back for a short while and was so happy to leave) and am working on my 3rd passport. I certainly have not felt "American" for many years (probably most of my life, even before I left). I do truly feel like a citizen of the world, and I'm told by my friends and colleagues that they see the same in me. I often think about renouncing. I am angry about double taxation. I am appalled by so many political and social issues in the US that I can't identify with in the least. But watching your video reminded me of a couple of qualities in myself - and as you say, this is such a personal matter. As soon as you described walking into that office to declare the words of renunciation - I had to pause your video, as I immediately teared up. On an emotional level (so not the reality) I do hold very strong romantic ideals upon which the United States was originally created (and yes, culturally Americans are powerhouses at marketing!). Your video was a very powerful check on how I ultimately feel personally about renunciation. It appears I'm not so on the fence after all. But when I restarted the video and you described how emotional the experience was for you - and how it felt like a romantic break-up - bingo. That's it! It's the romantic ideal that keeps me wedded to my US passport. At least for now. A divorce could still happen in the future. But you helped me identify the crux of the issue. Thank you! I also know that I am a person who likes to have the flexibility of many options. But now the next goal is to get to the level where I can hire Nomad Capitalist to help me best strategize on how to legally minimize my tax and live in multiple countries (the winters are too bloody cold and dark where I'm living to establish my 3rd passport at the moment!). Thank you for talking about such an extremely difficult and personal subject. As I say, I am personally very grateful. That was a brave video to shoot.
I have to watch this video tonight when I can give it my complete attention, this is going to be good. I feel like the parallel between the end of Rome and the current state of the US are similar. Empires last approximately 250 years and the US is around 240.
Hope you enjoy it.
2300 $ for buying yourself out the US citizenship. It's un lfair!!! No other country takes such a high fee.
Thank you for sharing your personal story - it was very moving for me. I can identify with your need for identity... and the U.S. is not cutting it for me also for much of the same reasons.
I love manyy things about this guy, thanks for sharing and I reaalllyy respect your honesty with yourself and others and just honesty and rightfulness with the way you live, wish you all the best!!
Thanks, Reem
Nomad Capitalist no problem! (freaking out that you replied im a big fan so thankyou☺️)