Home Immigration The High Cost of Citizenship by Naturalization

The High Cost of Citizenship by Naturalization

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The High Cost of Citizenship by Naturalization

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With a second passport at hand, you can dramatically increase your personal and economic freedom. Who wouldn’t want that? Having dual citizenship – or even multiple citizenships – is an essential step to internationalizing your life so that no single government ‘owns’ you.

Looking after your growing net worth, tending to your business, and balancing family life all at the same time is hard work. You don’t need to worry about what happens if there is civil unrest or if your government suddenly decides to raise the tax rates.

In this video, Andrew shares another way to get second citizenship on time.

00:00 Start
00:15 Citizenship by Naturalization
1:25 The Fastest Citizenship Program
2:19 How to Get Your First U.S. Passport
2:43 Argentina Citizenship: The Benefits and How to Get It
3:35 How to Apply for Irish Citizenship through Naturalization
4:43 Obtaining Canadian citizenship
7:00 Things to Consider When Choosing a Place to Live
7:32 Immigration to Germany
8:36 Moving To Panama
9:12 How powerful is a Maltese passport?
11:23 Spanish Citizenship

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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30 COMMENTS

  1. I first had the chance to become a Dutch citizen through naturalization back in 2012 (after 5 years of being a legal resident) but I would have had to renounce my Colombian citizenship in the process. I passionately refused to do so and decided to wait and hope legislation would change for my specific case at some point, so I could keep it. Finally last year it did change and now I’m a double citizen. I’m super glad my 9-year wait did pay dividends in the end. I’m also glad that acquiring any extra citizenships in the future will not be an issue. Venezuelan citizenship probably being the next one in line, through my father XD

  2. The economic opportunities for those who don't have big money make naturalization to places like the US so sought out. Many come to work, so will be here most of year already and send money home so once they are ready retire, or find remote work, and get citizenship, they move back home knowing they can come back anytime they like.
    If you're working or going to school there you will be there most of the year anyway and once you become a citizen you stay out as long as you like.

  3. I became Canadian through naturalisation. It is definitely not worth the time and money to live there. If I had known of different options like the ones Andrew discusses I would have never done it. I will always advise you against Canada

  4. No Brasil não é fácil não, se um brasileiro quiser se naturalizar cidadão de outro país, automaticamente perde a cidadania brasileira e o contrário também é verdadeiro , cidadão de outro país que quiser se naturalizar brasileiro tem que abrir mão de sua cidadania do país de origem, vai dizendo coisas assim pra menosprezar os outros países pra dar muita importância Estados Unidos, Canadá Europa e as ditaduras do Extremo Oriente que são Austrália e Nova Zelândia

  5. I cant really explain my situation and I cant give you a lot of detail but I would really appreciate if you could do a comparison between Canada and Switzerland . Could you help me decide? Which one is better and why?

  6. It took me 4 years getting Brazilian nationality, 2 spent as a temporary resident, 1 spent as a permanent resident (my daughter was born there) and 1 year processing my citizenship application 🙂 Brazilian citizens can get permanent residency in Argentina/Uruguay right away and temporary residency in Colombia, Peru, Chile, Bolivia, Paraguay and Ecuador and i think just that benefit makes it better than Mexican citizenship.

  7. germany here
    you will be naturalized faster if you are married to a german citizen. such fast queues for spouses exists in most other countries as well

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