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Are you a high-net-worth individual?
Then you are probably considering getting a second passport.
And it makes total sense.
With a second passport at hand, you can dramatically increase your personal and economic freedom.
Who wouldn’t want that? Having one of the best dual passport combinations – or even multiple citizenships – is an important step to internationalizing your life so that no single government ‘owns’ you.
People always ask which second passport is the best. In this video, Andrew shares important information.
00:00 Start
0:18 Starting Nomad Capitalist Lifestyle
1:53 Easy Way to Get Second Residence
3:20 Diversification Strategy
5:08 Paper Residence
6:05 Moving to Another Country
8:36 Tax Considerations
9:27 Citizenship By Investment
10:21 Golden Visa
11:26 Citizenship by Naturalization
The Nomad Capitalist is the world’s most sought-after expert 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.”
Nomad Capitalist has created and implemented plans for 1000+ clients and helped them to go offshore, keep more of their wealth, and enjoy an unprecedented level of global freedom. Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. We’ve built our team around our holistic approach to serving the needs of globally-minded entrepreneurs and investors.
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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Have you ever been treated differently at an airport because of your passport?
To be honest i was skeptical at first and my (bad) nature was right (yet again). Many programs requirements are either altered after a certain time (malaysia,Korea e.g.) or they are completely useless (Vanuatu) or at risk currently (EU vs Caribbean islands,Malta i think they stopped, Cypus) or just betraying you (Switzerland opening up to other countries, not so private). In short there's an instability that one should take into account.
I was born in Lebanon to Lebanese citizens, I had Lebanese passport when I traveled to America in 1978, I also have an American passport as a naturalized citizen of the US, and all 4 of my parents were children of Armenian genocide survivors, can I have a 3rd passports if I chose based my current status and Armenian heritage. I know I can pay and get an Armenian visa after seeing your other YouTube video.
Ok I’m watching that video now, thx.
Also all my parents and grandparents were born in Lebanon when Lebanon was a French territory, how dose that allow me to apply to obtain a French passport?
What would be the downfall?
If one receives all of their income from rental properties in the United States and dividends from stocks in the US stock market, how can taxes be reduced or eliminated by renouncing citizenship and moving to another country? Assuming all properties are sold, can income from dividends be maintained or do these equities also need to be sold? Can these same stock investments be purchased through foreign brokers to reduce US tax liabilities?
I thought that Mr. H. said he would be backing out of presenting in YouTube videos. Fine with me, but anyways… Yes, nice to see him around still 🙂
Very helpful tips 🎉❤
Would be great to hear what languages you have studied?
Everyone needs more than their salary to be financiaIIy stable. The best thing to do with your money is to lnvest it rightly so it grows because money left for savings always end up used with no returns… 👍
Canada. 🤣🤣🤡🤡
those eye-brows
Freedom of time, money and location are doable. Two passports are usually better than one. However, two good passports are better than two bad passports. It has very little to do with money. It has more to do with positive sentiment. 10X on both cost of living and purchasing power are some kind of symptom. Some places aren't even habitable because of the ongoing gaslighting while as other places seem totally out of that bubble.
So remind me again, does permanent residence get you a passport? I need to put up a white board or Take better notes.
Croatia residency and / or citizenship requirements?
The answer is Luxembourg..
Good weather ( a little cold)
Low taxes ( I don't know how much)
And 5 years you get citizenship
I’m curious about the exact benefits of having two passports, if they take away one of your passports you can escape with the other one, but nowadays important things such as banks want to know where you live, so what else, owning property in a foreign country, what else? Being able to live in those two countries, ok, but what else.. getting rid of the U.S. passport to stop paying the Fed forever.. what else?
Thanks for your service. I am not a client potentially. Just a regular person, but your vids helped me get my birthplace passport, never thought I could.
We found out some people they are very lucky enough they are never ever dreamed worries about temporary money and some most valuable places passports that all already they know available for them only about timing we are not perfect but we are strongly believe in we are not alone, keep still keep in mind we never ever dreamed being someone else or something fabricated we are always a life no matter whatever situations only make us more stronger than we’re because always we really on Almighty Allah thank you everyone for sharing knowledge
Andrew, tell me, what do you think about the idea of adopting two new laws. one is about punishment for parasitism, the second is about punishment for vagrancy?
I sold a plot of land and my car for the purpose of obtaining a Vanuatu passport through investment. Five months after I obtained the Vanuatu citizenship and passport, the European Commission imposed a ban on Vanuatu citizens from entering the European Union, so what is the solution?
Lots of valuable info in this one!
Bro. You're the best..
You will always have red tape & don't forget the language barrier unless you speak the language it's even more frustrating even if your paying for help
Cheers from 2 Canadians 🇨🇦 living in Mexico Yucatan Peninsula 🙏✌️
Andrew thank you for all the work you have put in and truly appreciate that you share it with us. For me as a world traveler for years it's great to hear your perspective and reminds me that we all have a lot to learn. Tks again I'm an expat in Asia, Taiwan most of the time.
Really appreciate the accurate, well informed, fact based guidance from you Mr. Henderson…Thank you
Very helpful information. Thank you!
Absolutely UAE in PERSIAN GULF ☄️
The best