Never Buy Caribbean Real Estate for Citizenship
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- เผยแพร่เมื่อ 4 ก.ค. 2024
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There are many ways to obtain a second passport, but the quickest path is to simply buy one.
whether you refer to it as ‘buying a passport’, ‘economic citizenship’, or ‘citizenship by investment’, they all mean the same thing.
Certain governments are willing to grant you citizenship and a passport in as little as three months in exchange for a sizable investment or donation in their country. Caribbean countries are one of them.
If you are looking for a peaceful place to settle, then the Caribbean is your place.
The Caribbean Islands are known for their peaceful and beautiful demeanor. They are all a bunch of aesthetically appealing islands with crystal blue sea, clear skies, and fresh air. It is the perfect break to take from life.
The perfect escape anyone could look for. You can make these islands your permanent home or retirement destination and have it just as you want. The Caribbean has a series of islands to choose from. Besides all these reasons, we don't recommend buying Caribbean real estate for citizenship. Wondering why? In this video, you will find an answer.
00:00 Start
00:13 Buying Real Estate for Citizenship
01:29 St. Kitts Passport
03:00 How To Avoid a Scam
05:40 Investing in Foreign Country
10:16 Citizenship and Naturalization
11:40 Turkey Citizenship by Investment
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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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.
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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.
Woman with an evening gown? Lol Im dying!
I dont have the kind of funds to use your services YET but when I do..Nomad, youll be our guy. I appreciate your thought out analysis and it helps me plan for a future brighter than today, thank you!
I Just came back from a 35 day visit to Turkey.
It is a fantastic country. Istanbul is a vibrant cosmopolitan city with lots to do.
Right now is a great time to visit as the Turkish Lira is struggling.
Thank you Andrew for sharing all your knowledge with us folks who are not in your clientele income bracket. It is appreciated.
Don’t forget the prospect of Cat 5 hurricanes which hasn’t happened recently but one is definitely coming
Oh my, Andrew's honesty is so refreshing (and, in this case, quite amusing). 👍🏼
I thought about doing the $200,000 in St. Kitts, but didn't want to hold it for seven years. Right now I'm working on a $100,000 donation for Dominica citizenship. If I understand things correctly, under the free movement of people in the OECS, a citizen of one full member country can live, work, and own property in any of the other full member countries without restrictions of any kind. They basically have all of the rights of citizens of the country where they are residing. In other words, a citizen of Dominica could live in St. Kitts permanently and work there and be treated the same as if he was a St. Kitts citizen. The only restriction I could see would be not having voting rights.
As far as I know, it doesn't work the way it works in the EU. So you won't be able to live and work in SKN with Dominica's passport - as some lawyers from Caricom countries explained. Would love to hear more on the subject
Andrew is on fire in this video -- love it! Has there been a video about Cayman's Residence by Investment? As I understand it, the investment can be real estate that doesn't have to be approved.
Great advice. Very timely and topical, at least to me. Many thanks...
Glad it was helpful!
Always interesting. Thanks!
Thank you, Stacy.
At 4:30: On screen, the labeled #2 point should read "2. They are Laden with Commissions." Right now, it reads "2. They are late with commissions." Andrew gives excellent information in this video!
Oops. Thank you for noticing and your kind words.
Agreed ... look what happened in Mexico 5 years ago ..... 42 places "confiscated". Ciao bello
St Kitts and Nevis now allows you to buy ANY property valued over $400,000 USD to qualify for CBI. It does not have to be pre approved. I guess, based what you said in the video you might go this route if you really want to have a place to actually live in the Caribbean.
Does this mean you can get there with a criminal record?
@@TheKickboxingCommunity Depends what the crime is. I was accepted as I only have a conviction for GTA, but my friend was denied because he was convicted for mail fraud and rape.
That’s super nice, shame Antigua doesn’t have this, would be ideal.
Thats why im looking into it as I want to live there
@@JamesTaylor_SKN where are you trying to move from?
I saw these kinds of listings in the Cayman Islands. I remember thinking that it reminded me of a timeshare. Not a good investment.
Tell us how you really feel Andrew 😂! Great work thank you!
That’s why you buy Real estate in Belize 🇧🇿. Temporary residency is good for a whole 25 years and need to be there minimum 30 days per year. Permanent residency only one day a year needed with only a 2.4 million Real estate ownership.
Those property taxes and stamp taxes - ouch!!
The Stamp duties are killer.
It seems over priced and honestly the real estate asset would likely be included in the total wealth exit tax when renouncing. Might as well just do the donation for less money, not pay tax on the money and then renounce. Buy property somewhere in the world that isn't overpriced.
Yes!
I lived in Barbados for one year
My boos was Syrian
One day how told me that te has a Grenadian passport I asked him sow did he got it he told me that he married a Grenadian girl and he applied for the citizenship by registration next day and he got it but it I’ve never heard you talking about that
And the same happened with an other guy who had the Guyanese citizenship by registration when married a Guyanese girl
But you always talk just about Cape Verde
#2 LATE (Laden) with commissions.
I've never understood why these investment programs don't use these programs to fund low income housing. It's potentially a decent investment for the investor, and it saves a government expense to subsidize/frontload the building of units.
Because low income housing in these countries is a shack.
Yet again a very informative video. ....and yes, beware of the cleavage women...they're here in NYC too.
What about farmland property? I need self sustainability
What you think about turkey now? It’s terrible cuz earthquake
Andrew, do you recommend buying real estat in Sicily, Calabria, and so on?
its better buy bonds?
What if I want to actually live there, donation and then buying non-approaved real estate?
As a citizen, there would be nothing stopping you from doing that.
LoL, evening gown!
I have a question does this also apply to The program being currently offered in Turkey? Is it a good idea for an investment for Citizenship or are people waisting time and money?
Watch the full video……
NEVER buy a timeshare
Is Portugal Golden visa by real estate also a bad idea compared to these?
Our Rich Journey YT channel is a great resource re: Portugal.
Hey Andrew can you list countries with better colleges and education in general than the U.S.
Well US is currently ranked 25th, shouldn't be hard to get a list.
@@capnbilll2913 Can you list the countries that surpass the U.S. in terms of colleges. I would like to know
So he just spillled his beans that he bought real estate in Istanbul (and most likely either in the Turkish citizenship application process or already got his Turkish passport)
He did a video on it a month or two ago and even took viewers on a tour of the apartment
why would an american buy a turkish passport?
As an Antiguan citizen, you indeed get a better return on your money just putting USD into the banks here. Better service treatment and features.
The real estate here to speak freely will destroy your investment, not worth it.
What's the best caribbean country for crypto investors
You may want to narrow your question. Best caribbean country for what?
@@nsudatta-roy8154 For bitcoin investors.
Puerto Rico seems like a very interesting place. Look at Colin Talks Crypto on youtube for further details. He has videos about it.
Collin is already working on getting citizenship outside PR.. fyi
DYOR
WE DONT HAVE GULF COUNTRIES
WE HAVE PERSIAN GULF COUNTRIES
WICH GULF?
MEXICAN GULF?
Mexico, Panama, Central America is not too bad, just learn Spainish!
This guy doesn't know what he's talking about