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Nomad Capitalist is all about going where you’re treated best. One of the most powerful tools we use to achieve this goal is the second passport, the ultimate backup plan and surest means of geopolitical diversification.
These days, second passports have leaped out of the pages of fictional spy stories and are increasingly showing up in the pockets of successful businessmen, immigrant investors, and otherwise regular, globally-minded folks looking to be global citizens.
How?
There are many ways to obtain a second passport, but the quickest path is to simply buy one.
Yes, you read that right: 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.
In this video, Irena Prgomet, our Assistant Operations Manager, shares questions you must ask before buying citizenship by investment.
00:00 Start
0:45 What is Citizenship By Investment?
2:09 Who Qualifies for Citizenship by Investment
3:13 Criminal Records
4:23 Second Passports for a Family
5:20 Benefits of Dual Citizenship
6:58 What is Your Priority?
8:22 Malta Passport
8:39 Turkey Passport
8:47 The Best Passport for Families
9:05 The Best Passport for Crypto Investors
9:16 Renouncing U.S Citizenship
9:34 Citizenship Without Moving
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”.
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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One of the best videos I've ever seen in my whole life, it's a life changer, thanks a million ⚘⚘⚘
She’s a natural
We want Andrew
I think we've found the perfect replacement for Andrew. Irena, you have my vote.
"NOTHING IS IMPOSSIBLE, THE WORD ITSELF SAYS I'M POSSIBLE "
Audrey Hepburn–how hard is the malta due delegence process? I heard they send intelligence after applicants! this seems a little bit extreme.
Dear Andrew
Considering your main audience are Americans, shouldn’t you have presenters from USA as well.
Regards,
Peter
I was told by another lawyer that Malta doesn't accept crypto as source of fund. What is it?
she's both pleasant to the eyes and ears lol
I'm sorry I didn't catch the woman's name. This is the 2nd video I've seen and she is already improved. I think she's most relatable when she smiles while talking-it feels more like a conversation and it's more engaging. Keep going…we're all used to Andrew so it may take a minute for people to get used to someone else no matter how good they are:)
Usefull Info, Thanks
In the end when you do CBI it is basically a regular naturalization process for that specific country. The only difference is that the requirements can be mostly financial instead of cultural, political, residency and such. I think this video is a good intro tutorial to CBI. Personally I would consider two more questions very seriously before I proceed with CBI. Do I actually need more than one citizenship? In many cases it is possible to drastically reduce taxes legally through deductions, tax insentive programs. This is also true for the US a simple move to another state can reduce taxes alot. I also argue that you don't really need access to certain countries because they are unsafe and economically marginal such as Russua, Iran, North Korea. Further, in most cases its pretty easy and far less expansive to get a visa to a country with US citizenship. Education fir children in other countries isn't a big problem visas are very easy to obtain and there are multiple programs and assistance available for US citizens to study abroad no other citizenship needed. In many countries it is possible to open a business without being a citizen of that country that holds true for US citizens. Second question is What problems might I get when taking on additional citizenships? In some cases you could lose your own citizenship. There might be mandatory military or civil service in the country you buy citizenship. In some cases you can be obligated to service very long. In some cases service terms can be years. It adds bureaucracy and costs to avoid such services if possible. There are countries with CBI which are highly corrupt. Have a lot of crime or are engaged in very shady stuff as a government. Do you want to support such countries with your money? Some countries don't allow you rennounce citizenship if you need or want to.
Western Countries have the ability to become very risky and burdensome, because of Regulatory Clarity. Sometimes, you don't even know that you have broken the law, until you get smashed down with penalties and fines. They simply trap you with "paperwork", usually called the "terms and conditions"