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If you tell someone that you have Caribbean citizenship by investment (CBI), they might scoff at you. Many people call passports from places like Dominica or Antigua fake or illegitimate because you can get them rather quickly by making a simple investment in the country. I did “buy a Caribbean Citizenship” from St. Lucia and now hold a passport. We can tell you that they’re perfectly legitimate and that all Nomad Capitalists should consider them as a part of their diversification strategy.
Three years ago, we didn’t think that Turkish citizenship by investment was going to amount to much. They had just launched it in January 2017 and with an entry cost of at least $1 million. Unsurprisingly, there weren’t many takers.
The Turkish government realized that they grossly overvalued their passport and dropped the investment needed to $250,000 in mid-2019. This instantly made it the hottest passport in the RCBI (Residence and Citizenship by Investment) world.
Which one is better? In this video, Andrew will tell you.
00:00 Start
0:21 Citizenship By Investment
1:37 Obtain Caribbean Citizenship
2:26 How to Get Turkish Citizenship
3:26 Investing in Real Estate
4:00 The Strongest Passports
8:58 Citizenship-Based Taxation
10:02 Citizenship By Descent
12:05 English-Speaking Countries
13:06 Living in Turkey
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.
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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For me it’s as simple as this. If your core objective is free traveling in Europe , may be Caribbean is better but for settling & for everything else Turkiye is the best option. See many comments about currency devaluation in Turkiye. I bought few properties in 2021 and despite significant devaluation today i have made money in US$ terms on those properties. Let alone the rent I am collecting in my Turkiye dollar account. And by the way, the citizenship came free because of these investments unlike Caribbean where you need to write off at least US $ 100,000 .
Wondering how many people got the “You’re gonna need a bigger boat” reference.
Is it expected that the Caribbean countries that have citizenship by investment programs lose the advantage of accessing the Schengen countries without a visa, as happened with Vanuatu? And when will the European Commission re-activate the visa exemption agreement between EU and Vanuatu again?
As a Turkish citizen im shocked when i read the comments about Turkey
both positive and negativeand i became %100 sure that you can not have a good idea about a country without living there a couple of years. Which made me even more sad because im also researching other countries and most probably im also judging them wrongGreat Video! Ever since I found your channel in May I have been obsessed with getting multiple citizenships and learning everything I can! Turkey and Caribbean passports have been my top two for CBI. And then places like Georgia, Serbia, Philippines for getting residences or at least investing in some real estate to have places as investments as well as places to stay when traveling
Thanks for this wonderful video..I have incurred so much losses trading on my own….I trade well on demo but I think the real market is manipulated…. Can anyone help me out or at least tell me what I'm doing wrong?
Turkey has the worst inflation rate in the hemisphere, that's never going to change
Guys ,how about $500k in bank deposit ??
after 3 years will anyone loss money?
not many will buy a radically Islamic Nations's passport.
Doesn't Turkey require military service?
It's funny how people that are so brainwash to avoid Muslims and blame them for everything bad happens in the world, finally end up in seeking their help for their living. First UAE, then Saudi Arabia, now turkey, I wonder when they gonna find out about golden Iran.
My question, (a bit off topic) as you pointed out, most Carribbean flights pass through USA or Canada.
Is possible to transit through the USA/Canada unjabbed as a tourist?
NO TURKEY. YES TURKİYE.
I don't trust Turkey, first of all is part of the European Union and NATO and it flip-flops when it comes to sovereignty and freedom and liberty. The EUROPEAN UNION is a Marxist organization control by the US. Any country that is part of the EU, NATO, and it's currency is the EURO, CAD, British Pound is a Marxist country. Which, I totally oppose. I rather go with sovereign countries with no allies with the European Union or NATO that doesn't abide to the international World Order system. I really like Puerto Rico, Cayman Island's, Paraguay, Barbados, Bermuda, and Russia for business and even residences as well. Today's communist government is rampant all over the world, choose wisely where you want to conduct business and where you want to reside because governments are seizing people's properties, bank accounts and even banning free speech. Do your homework before expatriating or moving to another country. ('.') Stay out of Canada, Germany, France, UK, US, and it's colonies except "Puerto Rico" because it has their own constitution.
andrew what is your opinion about the speech of the president of suriname planning to have a citizenship by investment program?
Carribean Island country is Joke. Turkey is real country with real economy.. There is no comparison between them. unless you are doing some highly criminal things
Turkey is an Islamic country. Something else to bear in mind
I'd say turkey its not in the hurricane zones
Could you do a video on military service? I'd like to get a citizenship without getting drafted in case of a war😂
What about the international banks and brokers NOT opening accounts for those Island CBI citizenships, unless it's you're place of birth. Mustn't you also show those financial institutions your "real passport" (their words)… and they'll insist on using your TaxID from your "real citizenship" country for reporting your annual financial info to CRS. So Turkey is better because it being a "real country", most banks/brokers abroad do accept you as only Turkish, right?
Turkey gives you diversification away from the West and Davos/WEF that controls the west and will soon dictate every detail of your life. You WILL eat zee bugs! But NOT in the East, which is successfully resisting WEF + Davos man. GO ASIA!!.. it'll OWN the 21st century for sure.
Very interesting presentation, however you left out one very important aspect: Healthcare.
I don't know much about the quality of health care in Caribbean but I know that Turkey's health care programs are very affordable and extremely good quality.
I'm still going with the Caribbean 💯
Turkey passport lame