Former Berlin resident, earned €120k last year as a self-employed small business owner (selbstständig), paid about €40k in income taxes after deductions and clever use of carryforwards/deferrals. But also paid 19% VAT on every purchase, plus €1000 a month for private health and retirement insurance. And had to deal with horrible weather about 9 months of the year, a generally surly, unfriendly attitude on the part of most "normal" people you run into during day-to-day life, and absolutely insane bureaucracy whenever you interact with the State in any way (think loads of paper forms and fax machines! yes in 2022). After 21 years and raising a child, I got the hell out of there and wouldn't wish German residence on my worst enemy!
1000% agree. I have lived in multiple countries as an expat, and have to rank Germany as the single worst experience. I have recently relocated to Singapore and I feel like a time traveler going from 1997 to 2050. From one of the most bureaucratic, inefficient, cold and unfriendly countries to living in the future. I was able to get my gas, water and electricity and internet set up within 24 hours in Singapore, whereas Germany took me 3 months to get my internet connection set up.
I left in June 2022, after 3.5 years in Berlin. Couldn’t wait to leave… high taxes, shit weather, meh food, and unfriendly people. Have been in Singapore since, and loving it. Germany sucks balls
Ah, this is not one of the best - it is one to run away from. German here. Dropping that next year. They plan to introduce either worldwide taxation or a wealth tax and the country is totally going down the drain. The country is on the way to a 3rd world country - if anything, it is not a backup citizenship I would try to get. Heck, it is one I want to drop.
Taxes and bureaucracy are insane in Germany and a growing number of entrepreneurs and UHNWI are leaving this country for good (there was a tenfold increase in wealth migration away from Germany in the last three years!). Plus a lot of things are getting much worse there -> just follow the news and you'll see that almost everything from healthcare over social systems, internal safety, economic growth (multiple reasons here) and education to infrastructure is in full decline and about to crash in Germany! So be careful! I am happy to have left.
@@epicurean1868 Teile meine Zeit nun auf drei Standorte auf: - Rund 5 Monate im Jahr verbringe ich auf meinem Segelboot in Südostasien (Zukunftsmarkt) meist in Singapur, Thailand oder Malaysien mit gelegentlichem Segeltrip bis nach Shanghai wobei es da ganz angenehm ist sein „zuhause“ einfach mitnehmen zu können. - Rund 4 Monate in Amsterdam (nicht umsonst die viertgrößte Steueroase der Welt und besonders bekannt dafür Firmen beim Offshoring von Profiten zu helfen [in meinem Fall gehen 80% an die Holding in Singapur und 20% in meinen Trust auf den Caymans], gute Reisemöglichkeiten über Schipohl, einfacher Zugang zum EU-Binnenmarkt, relaxt-kosmopolitisches Flair, gute Tech-Startup-Szene und Finanzindustrieseitig [ist ja auch ein beliebter Investmentfondsstandort] einer der Brexitgewinner mit moderater Regulierung, Zugang zu gewissen Benefits wie EU-Gesundheitssystem) - Und drei Monate verbringe in den USA zu in etwa gleichen Teilen an East und West Coast. Die jeweiligen Aufenthalte orientieren sich sowohl an Geschäftsanforderungen wie z.B. auch den einschlägigen Messeterminen (u.a. WEF Annual Summit in Davos, TechCrunch Diusrupt in SF, etc.) als auch am Wetter
@@DS-vx3wf Who cares because if you are successful you hold your wealth via family offices, trusts, family foundations etc. hence personal taxes aren't your primary concern except from maybe capital gains taxes and taxes on dividends (both are tax free in the Netherlands for example and in many other European countries; though might depend on holding periods). Oh and even intellectual property license fees and royalties are not taxed in the Netherlands either. Plus, chances are you hold any assets like homes, yachts, jets, etc. via SPVs which gives you further options to reduce your tax base. But even if you had to pay taxes on capital gains you could just use something like the build/buy-borrow-die-strategy and voila you pay no taxes because you live on borrowed cash collateralized against you assets. Inheritance/gift taxes are a thing but often with many exemptions (I know of billionaires in the EU who transferred billions tax free). The only time you are really screwed is if you receive a salary but that's not the main source of income for any financially successful person. Plus you can always buy a new passport though better be prepared here as governments tend to act on short notice.
Actual taxes based on annual income (single person, a bit less when married): - 60,000EUR >> 23,162EUR in taxes (39%) - 100,000EUR >> 42,430EUR in taxes (42%) - 1,000,000EUR >> 463,941EUR in taxes (46%) You can see that high tax brackets hit early. Germany is doomed. It makes no sense for skilled workers, and much less for already-wealthy individuals.
This legislation is only in discussion, very far from being agreed upon by the multitude of German political parties. I live here, I hear the news every day. For what that is worth.
I’m EU and half German born in Argentina. Nothing comes easy! We living a difficult time caused by the greatest global politicians. The future is digital working remotely from home generating a decent salary living in a cheap country! By the end of the day we want quality of life!
I was born in Australia and have both AU and German citizenship from birth as both my parents were West German citizens with permanent residency for AU at the time. both my Parents gained AU citizenship in the early 2000's without loosing their German citizenship.
That is very interesting (and good for you!). I have always been under the impression that it is nigh impossible for German citizens to get a second citizenship. German citizen here living abroad for ages now and strongly considering to drop German passport in favor of other less restrictive ones...
Similar situation. Aussie born to one Austrian and one German parent. I have held an Aussie passport and have had both an Austrian and German passport in the past before Austria joined the EU. That passport gave me access to EFTA countries like Switzerland and Norway. The German passport opened up the EU for me and I lived in the UK with it pre Brexit. Currently have an Aussie and Austrian valid passport and an expired German passport as there are more benefits to the Austrian passports since they joined the EU. Edit: Just to clarify. Neither parent ever became a naturalised Australian citizen despite living in Australia for over 50 years. Permanent resident status only. Would have to get a re entry visa in their German and Austrian passports when departing and re entry to Australia. Hence, I think that naturally made it easy for us kids to be considered Austrian and German. Effectively having expat parents.
@@Wolf-yw7en literally the only two ways to get Austrian dual is by being born dual or reclaiming due to loss of citizenship at the hands of the Nazis. Austria is extremely tough on dual citizenship otherwise.
As a dual citizen, German and USA, I much rather prefer the German one. I don't care about taxes as we all have to pay into the system to make sure it runs smooth, however, I care about education, culture, cost of living, safety, travel.... and you have pretty much NONE of that in the US. Yes, the German bureaucracy is bad, but you have to know how to manage it. Always be nice to the other person and you will receive your stuff way faster. Example: Somewhere in 1996, working as a communication specialist for the Telekom, I moved to another city. The Telekom got privatized and laid off thousands of people, thus I was not able to get a job in my new home town. Went to the Arbeitsamt and told the story to the lady. She checked out my education and offered me, if I am fast, to sign up for the University as there were only 3 days left for that semester to sign up. She managed the paperwork in 2 days, made sure the University knows about my situation and I was off to University while I got paid through the government! I brought her a basket of fruits because she changed my live. She was not allowed to take it, so I told her that I will leave it on the chair outside her office;-) I must admit, I had many situations like this with German bureaucracy. I often actually went to the IRS and talked to the person who was doing my taxes to explain things. Yes, it is a hassle, but if you are nice, you get the same back. This is true anywhere in the world when it comes to government. I had several US visas and every time I went to the US embassy, I was nice and explained the situation and never had a problem. One thing you have to remember is, that ANY government employee is a human being and that they just do what they are told. They get paid way less and still have to work hard. So it is important that you treat them with respect and dignity and ALL are willing to help and make things easier.
You are right but it's a hit and miss. In the same government office different people apply different rules and there are no standard rules and thus it's not consistent. May be because of new employees joining and leaving. Not sure it's Hassel for last 10 years for me.
I’m a German living in Canada for more then 13 years … I would like that I can get the right to hold dual citizenship. It’s unfair that foreign people can get dual citizenship in Germany and people like me can’t get it. That’s not fair.
@@garyzies3486 I’m not wealthy .. so I can’t hide or pay less taxes anyway. I will or must pay taxes anyway doesn’t matter where I live. So to take on a other citizenship just for pay taxes paying reason is not important. I want just have the same right ( what foreign get in Germany ) that I can have a dual citizenship.
@@wolfgangselle3272 only EU citizens can have dual citizenship if they go through naturalisation in Germany. Non-EU citizens need to give up their former citizenship unless their case falls into some exception scenarios. The way you are saying is that any foreigner can have dual citizenship which is not true and thus - not accurate.
@@zaplavsky yeah I know there are countries out there that allow there Citizens to have a dual citizenship like Canada, UK or NZ or Australia. As a German it’s not so easy to have a dual citizenship from countries outside of the EU. If I want to hold on my German citizenship from countries Outside the EU i must apply to hold my German citizenship or I must give up my German ones. In my case I’m living in Canada for over 13 years and I can not get a dual citizenship here in Canada. Because I would not get a permit from my German government to hold the German citizenship and then I could apply for the Canadian citizenship. On the other hand I have a co worker who has a dual citizenship he is born in Canada but his parents are Germans so he could get the German citizenship too. And he has not paid one dollar in the German social system. But still he has a German passport! And now with the talking in Germany with reform of the citizenship laws it looks so that people who immigrate to Germany can have a dual citizenship. But people like me who are living outside from the EU can’t get the dual citizenship so easy. That’s to bad …and I was not 100% accurate in my first statement Sorry ..
@@wolfgangselle3272 I get your point. I wouldn’t go the road of tax payments. There are hundreds of thousands of immigrants in Germany, who have been paying good taxes in Germany but for one reason or the other don’t want to get German citizenship, mostly because they have to give up their previous one. Germany is facing very difficult demographic problems which is why it can’t go on without new inflows of immigrants. In my opinion, new law will be adopted this summer and will allow dual citizenship in Germany, just like it is the case for the countries you mentioned, also in France. I find it ridiculous that citizenship law in Germany is so out of date. It has a lot to do with overall conservatism. I talked to some of my German friends and they thought it was impossible even for EU citizens to get German citizenship and keep their previous one. And when I told them that it was possible, they were not sure it was a good thing… I hope the new law will be adopted and it will make it better in your situation as well, as once “multiple citizenship” is allowed - it will be applied to all citizens of Germany, also in your case too.
only works if she did not renounce prior to her giving birth to you. if she was german citizen by the time still: yep you are german. germany accepts _ius solis_ so you are entitled to keep your US citizenship anyway.
In 1974 it was your father lineage… In 1975 it became your mother’s lineage. I know this because my brother was born in ‘74 and myself in ‘75. We are both Americans. Our mother was German. I obtained my dual citizenship at the age of 22. My brother was denied.
@@TheFunkybert that is correct I am unsure if they have amnesty provisions similar to Spain because I saw a clip before by a different citizenship consultant but forgot about it
This is a welcome development in my view. I’m a dual German / South African (by birth) national living in Canada on PR. I qualify for Canadian citizenship, but have been hesitant to apply because I don’t want to surrender my German citizenship. I’m guessing it will take some time for the new laws to pass.
...talk to your German consulate. There is an application, whereas you have obtain a certificate to maintain German citizenship, while (before) applying for the Canadian. Yet, the application to Germany ( to maintain German citizenship) has a few factors you need to satisfy ( why do need to stay German and why do you need to become Canadian). This application needs to be approved via receipt of a certificate before applying for the Canadian citizenship.
@@safiahnd488 I grew up in South Africa, my grandparents immigrated there from Germany. I’ve never lived in Germany, but I still have ties to the country. I had an opportunity to work in Canada, hence the reason I now live there.
Funny. I'm Canadian having a permanent residency in Germany but I don't want to give my Canadian citizenship to get the German one. Call it sentimental attachment since I don't have any intention to ever move back. But who knows what the future holds. As for the timing I am not sure. The law was introduced, if it passes sometimes this year I would guess it gets effective next year or start of 25? I knew that this was written in the Ampel Koalitionsvertrag and I kept hoping for this to get moving. It finally does.
I wondered the very same thing. Perhaps he's so hard up for subscribers and/or customers, he's willing to sacrifice his principles for the sake of profit. After all, he IS a capitalist.
@@BG-it7hb He said he had a Lapel Pin for all the Countries, he's a Resident/Citizen in. He's NOT a US Citizen, so it's more than likely Malaysia. As he has a Resident Permit there.
My wife was born in Germany. We've lived there and now live in the US and have family in both places,so we can't burn our bridges. I consider both Germany and the US to be in decline now and we're looking elsewhere. My wife's brother and his wife are still living in Germany and they're also looking for alternatives. We've talked about try to relocate together. Maybe the passport changes will help them.
So is most of the western world. Wait for 75 years til everyone assimilates (or not) and hope you dont end up an impoverished or even oppressed minority . Dont forget to thank your politicians...
Interesting, many Germans have left the country in the last few years. Why would that country/government not make it attractive enough to retain their own (educated, trained, language proficient) citizen? I probably can obtain that citizenship through heritage, but why- when many of their own leaving? The bureaucracy for new businesses and the taxes do not offer any incentives.
Is there a timeline for this. I’m German and have been PR in Australia. Germany is being obnoxious with my exemption even though I have a family there! So this is good news. But can’t find an approximate timeline. Do you have any insights? Much appreciated 🙏
@@el.grantelbart someone shot kurdish people. These people are from what he consider 3rd world because they never had the comfort living like us! These people have mindset to not follow rules/ laws this is why people at the top in their countries are so corrupt then it trickles down to their own population. But, put yourself in the politician shoes if you are a wealthy politician you do not see whats down the hill because you live up on the hill. You do not visit the local cafes/restaurant, unless you are promoting your party near election time! Your family is not effected. We humans, we have tendency of putting our goal first over others. If it doesnt effect you, you will not care... until it effects you or your family. This is why when you riot you target the rich and politicians homes/assets not looting and destroying your own city hall.... hhowever people are stupid, every uprisings will loot local small businesses and destroys town centres, which they live in?
Germany is EASILY the most beautiful country I’ve ever lived in. By far. They’ve run amuck since Covid, but before that, it was second to none in the world. 🇩🇪
It is a joke?, The weather is terrible worse then in the UK, the city gets shutdown early, the taxes are insane, most Germans are ultra boring and a lot of Germans are also degenerates. You gotta be very middle class to enjoy that, at least in California you have sun and friendly people from Asia and Latin countries
5 years is not the floor in the EU. Spain grants citizenship in 2 years to citizens of their former colonies, 1 year if they're married to a Spanish citizen or as soons as the step a foot in the country if they're from Guatemala. If you have any clients from latin-america you should know this.
@@sanchit8097 Naturalization is EXCLUDED. Only those born and raised in Central American Countries, Spanish speaking Countries in South America, The Philippines and the only Country in Africa that speaks Spanish: Equatorial Guinea.
Yes, please! He should check out LuxCitizenship. It might be a small population eligible, but in the Upper Midwest (MN, WI, IA) it's not as uncommon as you'd think. In Minnesota, I often meet people who have also obtained it or know someone who has.
As a German I have to say this is NOT a good idea. Not sure if Nomad Capitalist know that one of the ruling parties right now, the green party, has taxing German citizens no matter where they are similar to the US as one of their goals. And I think some other parties also would not mind doing so. I am actually in the process of GETTING RID of my German passport.
german salaries are higher and their taxes are also higher and that on your global income. Cost of living is also higher. German citizenship comes with disadvantages as well.
I would agree that amongst EU passports the German and Irish passports in particular the Irish with the CTA is a very strong one, but I wouldn't discount a Luxembourgish citizenship either because as a quiet tax haven for foreigners much like the US can be for non-resident aliens, Luxembourg is not likely to follow you around when you leave and you could benefit greatly from their network of double tax treaties when you do leave.
Ask yourself the question, why so many millionaires are living in Germany? Because our beloved government, regardless of political direction, makes sure that working people are stripped down on labor tax and social costs while investors have multiple ways to tax avoiding loopholes. Not many of those 1,63 million millionaires/ 2% of population flee from here…similar to other countries…However, look for better places in the world, good times in this country are history.
@@mikefish8226 Is your answer to become both poor and rich at the same time? In the country where you have tax residency are you poor and in other countries your businesses pay local taxes? Forgive me for asking this, but I'm a newbie playing these games.
As a German citizen (descent), I have to agree with many comments here that Germany is heading down the u-bend rapidly. Simply handing out a passport to any mouth- breather that wants one is going to accelerate the process.
USA and Europe are directly responsible for destroying theses countries as they are oil and raw-material hungry/greedy. It only correct you accept all the immigrants/refugees that seek a new life. not really a "better life" as they better life in their own countries have been destroyed. Go on people of Asia, Africa and mid-east. The world is your oyster. Good luck. The europeans are aging and have no young to take on the future and pay tax to sustain the people who are young now but will age in 15/20 years without any offsprings to take on jobs and support their pensions and pump new blood to sustain the then economy. learn from countries Australia, New Zealand and US.
I have an Austrian citizenship and a now-expired Austrian passport, but I've lived in the U.S. and have been a U.S. citizen most of my life. Do you think it's worth re-looking into Austria? I have never considered it before until recently.
Depends on your current location in the USA. For example, comparing the cost of living between a larger city such as Denver, CO to that of Salzburg, Austria, you would need around $6,147 in Denver, CO to maintain the same standard of life that you can have with $4,260 (4,000.00€) in Salzburg (assuming you rent in both cities). Denver would be cheaper in the cost of gasoline/petrol, as well as monthly utilities (electricity, heating, cooling, water, garbage), but the rental cost in Salzburg would probably be 50% less than Denver. It all depends on the life style you wish to pursue. Quality of life (personal safety, health care, pollution index, climate) would be higher in Salzburg than Denver. The only drawback in Salzburg would be the higher cost of actually purchasing a house or condo, which might be double the cost of Denver, CO. Hope this reply would be of some value in your decision. Cheers.
@@fumble_brewski5410 There are other considerations beyond taxes and cost of living. We live in one of the lower cost areas in the US southeast. No really serious issues for us as far as that goes,but the extent to which the US,Canada,and EU countries want to control everyone is the issue I'm most concerned about. Citizens should always be in control of their government. Government control of citizens is unacceptable for me.
@@gary4507 Alas, no matter where you go or live, government(s), to a greater or lesser degree, will always try to to control people. It’s what they do, just like a dog scratching fleas. Indeed, even if a Republican manages to win the presidency in 2024, there probably won't be any real change. The crux of the matter is this: Your government does not fear or respect you. Its officials know they will not lose their cushy positions, no matter how many rights they violate. Plus, government has co-opted private businesses to do its bidding as well: Amazon, Google, Twitter, etc., are ALL in bed with the surveillance state that is modern day America. “Since mankind's dawn, a handful of oppressors have accepted the responsibility over our lives that we should have accepted for ourselves. By doing so, they took our power. By doing nothing, we gave it away. We've seen where their way leads, through camps and wars, towards the slaughterhouse.” ― Alan Moore, V for Vendetta, who also wrote, “People shouldn't be afraid of their government. Governments should be afraid of their people.” The question is, what can/should be done to make government afraid? Cheers.
My experience is if you are a low earner with family you live comfortably than in US and same for high earner but the individual or family income comes to 200000€ in Germany they are fucked.
As an American, I want to reclaim my German citizenship by descent based on the 2021 law, but live in Italy. How would that work both in terms of requirements and taxes? I would be coming on my retirement income, but I would like the option and flexibility to earn money if I chose to work without hassle.
You can pay almost no tax in Germany though :) you can also get a residence in Germany but not be tax resident, that will build-up you years to qualify for citizenship.
This information is wrong. In Germany, any residence you have there does make you a tax resident. The only option then to avoid taxation of your worldwide income is having another residence in a country that Germany has a DTA with, and that other residence being the center of life. If that center of life is in a country that Germany does not have a DTA with: Bad luck! You will pay full taxes in BOTH countries!
I would like to suggest an idea here - As subscribers of Nomad Capitalist and supporters of financial freedom, let's all create a new nation together! One of its constitutions would include, but not limited to, a crypto tax-free environment!
first it depends on the other country. if the new home is ok, then chances are high germany will not bat an eye in the future. topic is no brainer if your new citizenship is from another EU member or Switzerland; you may gather all 27 (or whatever number it is) citizenships :D
@@markbartel216 You already know the answer, the Ample coalition is keen to convert as many New Germans (you know, the ones Merkel invited over) into voters and citizens ASAP. They are much less keen on letting actual Germans get a second nationality and passport to ease their exit from the country.
@@mynamename5172 yeahhhh from a political standpoint, it makes much less sense to allow Germans to get additional citizenships than to create new ones. I'd imagine they become more accepting for it if they implement citizenship based taxation though, but that defeats the purpose.
Can I apply for German citizenship if I was born in Germany and lived there for 5 years after my birth but neither my father nor my mother have German citizenship. My father worked and lived there for 35 years and he past away 12 years ago. If you can help me with that, how can I reach to you? I have a good business and would love to get another citizenship.
In the United States, it is one of the countries if you’re born there even if your parents have a different citizenship, you’re automatically American citizen however, but check this information if you’re born in Germany, but your parents are not German citizens then you’re not automatically a citizen.
Hi, my mum is from Poland and my dad from turkey. im born in germany and live here my whole life. i went here to school and all that normal stuff that germans do. i feel like a german but i dont have a german citizenship, i dont have a german passport and im now 27. i am at the moment turkish citizen, can i have the german citizenship or dual citizenship and what can i do to became german citizen. thx
Over half of what is now Poland was part of the German Reich until the end of WWI. Although most Germans were expelled from the former German territories east of the Oder-Neisse line in and after 1945, some ethnic Germans remained as did previously Germanised Slavs. Ask your mother about her family tree. She, and therefore, you may have a claim on German citizenship through ancestry. However, if your mother's family hails from the parts of Poland that were formerly part of the Russian or Austrian empires, this is much less likely. Also, most Poles whose families now live in the parts of present-day Poland that remained German territory between the two world wars moved there from further east including from former Polish territory that was annexed by the Soviet Union and is now in Belarus, Ukraine and Lithuania. So, they have no German bloodline and therefore no automatic entitlement to German citizenship. I remember once meeting a Canadian woman whose family had left Germany three hundred years ago first for what is now Ukraine and then for somewhere in South America. To my surprise, because her family had kept their paperwork down the centuries proving their German ethnicity - I think they had been part of the Mennonite Church or similar, and this was important to them - she was able to claim German citizenship based on ancestry even though she didn't even speak German at the time.
EU citizenship already. That We live in Frankfurt means we are automatically granted German citizenship. Thanks. Could be now or later to get those. Thanks. Right now it is time to go home Frankfurt. Thank you all.
The way Germany giving its citizenship is very cheap now in current years. It is like selling your citizenship/passport in a cheap price like lollypop come and get it.
those who are renouncing their German citizenship plz dont forget to share with me. i shall be ever ready to receive german citizenship. desperate seeker from pakistan
How can I get a German citizen through a grandparent who was born there. If I was to get one would my son beable to one as well through my grandma and me
Hey Nomad!. I am planning on getting German citizenship from my Mother who was born in Germany. But she hasn't been in Germany since she was born and she is 55. I don't know if I'll be able to apply using her previous passport. Can anyone help me out with this idea!!
she was born in Germany but is she a German citizen? When you say previous passport do you mean her previous German passport? You have to check her documents to see if she is an actual German citizen. If she is than yes you can receive citizenship through her
@@kween3546 she hasn't been in German for about three to four decades. Her only passport was from when she was born and she lived in germany for a few number of years before going back to her father country. But my elder is about starting the process whereas being optimistic it'll tur out well
But I think taxation all over Europe is worse . I live in Nederlands but …..gek liefde surviving as a foreigner without residence . But I also feel think the next economy of Europeans is immigrants/refugees .like it or deny it .they benefit a lot from desperate immigrants.after integrations .they tax a lot and fill the gap of labour and future young generations .
@@MrEdrftgyuji elaborate please :) you keep everything from before marriage and also any inheritance during time of marriage count as if "personal asset prior to marriage". any gains will be split on divorce, but that counts on both sides and usually the gains were used for upkeep of the life together, so there is not much to split. besides: if you are divorced you are obliged to care for yourself
Pro tip: go to Germany and go on social welfare! Not only are you fully covered (house, insurances, cash!!!) but you also don’t pay any taxes. A lot of my friends are doing it and we are from all over the world. Heaven!! Especially soon since we get to get the German citizenship for free
Many islam/ muslims are very kind, peaceful and hospitable people. ISIS is Israel and was created by the help of USA. love tp all Muslim brothers and sister. You are welcome all over the world including Sri Lanka. We all have the same right and religion doesn't matter. Humanity matters.
It is. And it is also very ironic that a person who speaks so much against living in the USA would wear such a lapel pin. He must be desperate for subscribers and customers.
Hi! I want to get the German citizenship and go back to my country Ecuador. In case I get the German pass, could the German government oblige me to pay taxes, even though I am not in Germany? thanks for any answer that sheds some light please!
There is only 2 countries that still tax their citizen even when they live abroad. That's the good US of A and their friend China. No other country in the world do this. Germany doesn't do it now and they have 100 of thousands citizen living in other countries around the world today. Will this change in the future? Who knows but it's a world standard and it's not in the book to be change now. So don't listen to all the stupidity you read here.
Most Sri Lankans are law abiding kind hearted, welcoming, honest people. They welcome all visitors to their country (rich or poor) I think. countries that have a low population growth and have too many aging communities have to advantage in inviting people from India and Sri Lanka. Just as all US, Canadian and many European move to Asian countries, the asians also should have the same opportunities to move to European countries and fill up the gaps and become useful citizens. Its should work both ways. not only be beneficial to Europeans to enjoy all of Asia, Africa. but not Asian and africans not allowed an opportunity to enter Europe. Look at Australia, Canada, New Zealand. These countries are thriving because the accept so many immigrants to study, live and work from Africa, Asia..,.
I live outside Germany and want to go back. Australia is going down the drain. Extremely expensive - rent, food, petrol, everything. Lots of domestic violence, homeless people, killings, drug abuse. Getting worse day by day.
Yes, come on in y'all. Lot's of social benefits awaiting you. We german workers and tax payers are so happy to to feed you..not. I certainly do not appreciate presentations like this. But I understand. At least your are halfway right about our tax system that is hard especially on entrepreneurs. Be ye warned: the current green-marxist government is considering a special tax for the rich. How this will play out isn't sure yet. But once these ideas are on the table there is a chance it comes to pass sooner or later, especially with this government in place.
I'm a US citizen and I qualify for German citizenship through my German mother and grandparents. Should I get a German citizenship to renounce US citizenship. I'm planning to retire offshore, maybe Dubai or Portugal.
No if you inherit(parents, grandparents) german citizenship, you don’t have to give up US citizenship. You only have to renounce US citizenship if you acquired german citizenship via “Naturalization”.
@Miamiguy2000 I plan to renounce US citizenship to reduce taxes I don't plan to reside in Germany but more favorable tax regime. Offshore income is not taxed by Germany unless you are a resident of Germany for 183 days/year.
Have you lived in Germany for 8 years? Do you speak German at Level B2, that is upper intermediate. Germany does not have birthright citizenship, but you still pay taxes and social benefit 'contributions'.
@@roddymoore He has a German mother. He can get the German citizenship without being born in Germany. All German descendents have the right to the citizenship, it doesn't matter where they were born and where they're living.
@Roddy Moore You can get German citizenship through descent if you had a German parent. German citizenship is by blood not soil. With the citizenship by descent, you don't need to naturalize or even speak German. When I was born in the 1960's, German citizenship was only acquire @ birth, if your father was German. The law was changed due to gender discrimination . My mother was a German citizen at the time of my birth since she had been in the US for only 2 years.
Very bad advise for someone, who is taking up to 50.000 Dollars for appearance! You should have done at least some research! Germany has the highest taxes and unbearable bureaucracy! More than 200.000 germans are leaving the country each year!
![New Law: Becoming a German Citizen Faster! [2024 Update]](http://i.ytimg.com/vi/VgFfkhQT9zg/mqdefault.jpg)
Former Berlin resident, earned €120k last year as a self-employed small business owner (selbstständig), paid about €40k in income taxes after deductions and clever use of carryforwards/deferrals.
But also paid 19% VAT on every purchase, plus €1000 a month for private health and retirement insurance.
And had to deal with horrible weather about 9 months of the year, a generally surly, unfriendly attitude on the part of most "normal" people you run into during day-to-day life, and absolutely insane bureaucracy whenever you interact with the State in any way (think loads of paper forms and fax machines! yes in 2022).
After 21 years and raising a child, I got the hell out of there and wouldn't wish German residence on my worst enemy!
📥📥
1000% agree. I have lived in multiple countries as an expat, and have to rank Germany as the single worst experience. I have recently relocated to Singapore and I feel like a time traveler going from 1997 to 2050. From one of the most bureaucratic, inefficient, cold and unfriendly countries to living in the future. I was able to get my gas, water and electricity and internet set up within 24 hours in Singapore, whereas Germany took me 3 months to get my internet connection set up.
Where did you relocate to?
@@samiqueupreti3248 to Singapore
Understand
Moved to Germany in 2010. Everything was good until covid and Ukraine. It is time to leave-----run away!
Run away where?
@@mehedihasanhridoy1701 Portugal if you are poor, Dubai if you are rich.
Most countries have their ups and downs. Not necessarily time to run away tbh.
What bothers me are the absurd levels of buerocracy.
I left in June 2022, after 3.5 years in Berlin. Couldn’t wait to leave… high taxes, shit weather, meh food, and unfriendly people. Have been in Singapore since, and loving it. Germany sucks balls
@@diegorenevelasquez where are you originally from?
Ah, this is not one of the best - it is one to run away from. German here. Dropping that next year. They plan to introduce either worldwide taxation or a wealth tax and the country is totally going down the drain. The country is on the way to a 3rd world country - if anything, it is not a backup citizenship I would try to get. Heck, it is one I want to drop.
Sinkendes Schiff. Man muss so schnell weg von hier wie nur möglich.
@@PhilippKlinkner
Nix wie weg 🇨🇭
@@BlaowVEVO forget US. They have always taxed you no matter where you live.
Totally agreed....
@@BlaowVEVO держись дружище
Czech republic: 15% of income tax from 40% of your income. Deductions for children etc.
Poland: 8%-17% of income tax(Ryczałt)
Taxes and bureaucracy are insane in Germany and a growing number of entrepreneurs and UHNWI are leaving this country for good (there was a tenfold increase in wealth migration away from Germany in the last three years!).
Plus a lot of things are getting much worse there -> just follow the news and you'll see that almost everything from healthcare over social systems, internal safety, economic growth (multiple reasons here) and education to infrastructure is in full decline and about to crash in Germany!
So be careful!
I am happy to have left.
Wohin sind Sie gegangen?
@@epicurean1868 Teile meine Zeit nun auf drei Standorte auf:
- Rund 5 Monate im Jahr verbringe ich auf meinem Segelboot in Südostasien (Zukunftsmarkt) meist in Singapur, Thailand oder Malaysien mit gelegentlichem Segeltrip bis nach Shanghai wobei es da ganz angenehm ist sein „zuhause“ einfach mitnehmen zu können.
- Rund 4 Monate in Amsterdam (nicht umsonst die viertgrößte Steueroase der Welt und besonders bekannt dafür Firmen beim Offshoring von Profiten zu helfen [in meinem Fall gehen 80% an die Holding in Singapur und 20% in meinen Trust auf den Caymans], gute Reisemöglichkeiten über Schipohl, einfacher Zugang zum EU-Binnenmarkt, relaxt-kosmopolitisches Flair, gute Tech-Startup-Szene und Finanzindustrieseitig [ist ja auch ein beliebter Investmentfondsstandort] einer der Brexitgewinner mit moderater Regulierung, Zugang zu gewissen Benefits wie EU-Gesundheitssystem)
- Und drei Monate verbringe in den USA zu in etwa gleichen Teilen an East und West Coast.
Die jeweiligen Aufenthalte orientieren sich sowohl an Geschäftsanforderungen wie z.B. auch den einschlägigen Messeterminen (u.a. WEF Annual Summit in Davos, TechCrunch Diusrupt in SF, etc.) als auch am Wetter
@@markuswunsch
Wow!
Dann sind Sie Wunschlos gluecklich😉😁
Gratulation und vielen Dank 👍🍀📈😁
@@DS-vx3wf
Source?
@@DS-vx3wf Who cares because if you are successful you hold your wealth via family offices, trusts, family foundations etc. hence personal taxes aren't your primary concern except from maybe capital gains taxes and taxes on dividends (both are tax free in the Netherlands for example and in many other European countries; though might depend on holding periods).
Oh and even intellectual property license fees and royalties are not taxed in the Netherlands either.
Plus, chances are you hold any assets like homes, yachts, jets, etc. via SPVs which gives you further options to reduce your tax base.
But even if you had to pay taxes on capital gains you could just use something like the build/buy-borrow-die-strategy and voila you pay no taxes because you live on borrowed cash collateralized against you assets.
Inheritance/gift taxes are a thing but often with many exemptions (I know of billionaires in the EU who transferred billions tax free).
The only time you are really screwed is if you receive a salary but that's not the main source of income for any financially successful person.
Plus you can always buy a new passport though better be prepared here as governments tend to act on short notice.
Born in Germany ...moved to USA 30 Years ago ...am American citizen now ..no regrets
Thinking of doing this
Actual taxes based on annual income (single person, a bit less when married):
- 60,000EUR >> 23,162EUR in taxes (39%)
- 100,000EUR >> 42,430EUR in taxes (42%)
- 1,000,000EUR >> 463,941EUR in taxes (46%)
You can see that high tax brackets hit early. Germany is doomed. It makes no sense for skilled workers, and much less for already-wealthy individuals.
but these are for employed income.. if your moving around the world for citizenship your probably not going to take your money as a salary.
On top of the tax brackets you get extra social security charges and insane VAT. Pyongyang on the Rhine.
Hi, the income tax in Germany is progressive, you don’t pay f.e. 42% on the full income, just on the extra income over 62k
In the tax category 1 (most full time jobs) you would actually pay around 27k€ income tax on a 100k€ salary and NOT 42k€
@@vincentwendel4564 the calculator I used includes social security contributions.
Germany is being de industrialized
This legislation is only in discussion, very far from being agreed upon by the multitude of German political parties. I live here, I hear the news every day. For what that is worth.
Everything points that it will pass
really?@@dhidhi1000
This is terrible news for Germans.
I’m EU and half German born in Argentina. Nothing comes easy! We living a difficult time caused by the greatest global politicians. The future is digital working remotely from home generating a decent salary living in a cheap country! By the end of the day we want quality of life!
I was born in Australia and have both AU and German citizenship from birth as both my parents were West German citizens with permanent residency for AU at the time. both my Parents gained AU citizenship in the early 2000's without loosing their German citizenship.
That is very interesting (and good for you!). I have always been under the impression that it is nigh impossible for German citizens to get a second citizenship. German citizen here living abroad for ages now and strongly considering to drop German passport in favor of other less restrictive ones...
your parents were obliged to ask for _Beibehaltungsgenehmigung_ or they cheated and never told at home they are australians by now. :)
Similar situation. Aussie born to one Austrian and one German parent. I have held an Aussie passport and have had both an Austrian and German passport in the past before Austria joined the EU. That passport gave me access to EFTA countries like Switzerland and Norway. The German passport opened up the EU for me and I lived in the UK with it pre Brexit. Currently have an Aussie and Austrian valid passport and an expired German passport as there are more benefits to the Austrian passports since they joined the EU.
Edit: Just to clarify. Neither parent ever became a naturalised Australian citizen despite living in Australia for over 50 years. Permanent resident status only. Would have to get a re entry visa in their German and Austrian passports when departing and re entry to Australia. Hence, I think that naturally made it easy for us kids to be considered Austrian and German. Effectively having expat parents.
@@Wolf-yw7en literally the only two ways to get Austrian dual is by being born dual or reclaiming due to loss of citizenship at the hands of the Nazis. Austria is extremely tough on dual citizenship otherwise.
Australia is better than Germany in a way.
....because people run away only last year 1 million migrated out of the german speaking europe (D/CH/A)
As a dual citizen, German and USA, I much rather prefer the German one. I don't care about taxes as we all have to pay into the system to make sure it runs smooth, however, I care about education, culture, cost of living, safety, travel.... and you have pretty much NONE of that in the US. Yes, the German bureaucracy is bad, but you have to know how to manage it. Always be nice to the other person and you will receive your stuff way faster.
Example: Somewhere in 1996, working as a communication specialist for the Telekom, I moved to another city. The Telekom got privatized and laid off thousands of people, thus I was not able to get a job in my new home town. Went to the Arbeitsamt and told the story to the lady. She checked out my education and offered me, if I am fast, to sign up for the University as there were only 3 days left for that semester to sign up. She managed the paperwork in 2 days, made sure the University knows about my situation and I was off to University while I got paid through the government! I brought her a basket of fruits because she changed my live. She was not allowed to take it, so I told her that I will leave it on the chair outside her office;-)
I must admit, I had many situations like this with German bureaucracy. I often actually went to the IRS and talked to the person who was doing my taxes to explain things. Yes, it is a hassle, but if you are nice, you get the same back.
This is true anywhere in the world when it comes to government. I had several US visas and every time I went to the US embassy, I was nice and explained the situation and never had a problem.
One thing you have to remember is, that ANY government employee is a human being and that they just do what they are told. They get paid way less and still have to work hard. So it is important that you treat them with respect and dignity and ALL are willing to help and make things easier.
You are right but it's a hit and miss. In the same government office different people apply different rules and there are no standard rules and thus it's not consistent. May be because of new employees joining and leaving. Not sure it's Hassel for last 10 years for me.
I’m a German living in Canada for more then 13 years … I would like that I can get the right to hold dual citizenship. It’s unfair that foreign people can get dual citizenship in Germany and people like me can’t get it. That’s not fair.
Soon, all Germans will be taxed on their GLOBAL INCOME. It's time to get rid of your german citizenship as quick as you can!
@@garyzies3486 I’m not wealthy .. so I can’t hide or pay less taxes anyway. I will or must pay taxes anyway doesn’t matter where I live. So to take on a other citizenship just for pay taxes paying reason is not important. I want just have the same right ( what foreign get in Germany ) that I can have a dual citizenship.
@@wolfgangselle3272 only EU citizens can have dual citizenship if they go through naturalisation in Germany. Non-EU citizens need to give up their former citizenship unless their case falls into some exception scenarios. The way you are saying is that any foreigner can have dual citizenship which is not true and thus - not accurate.
@@zaplavsky yeah I know there are countries out there that allow there Citizens to have a dual citizenship like Canada, UK or NZ or Australia. As a German it’s not so easy to have a dual citizenship from countries outside of the EU. If I want to hold on my German citizenship from countries Outside the EU i must apply to hold my German citizenship or I must give up my German ones. In my case I’m living in Canada for over 13 years and I can not get a dual citizenship here in Canada. Because I would not get a permit from my German government to hold the German citizenship and then I could apply for the Canadian citizenship. On the other hand I have a co worker who has a dual citizenship he is born in Canada but his parents are Germans so he could get the German citizenship too. And he has not paid one dollar in the German social system. But still he has a German passport! And now with the talking in Germany with reform of the citizenship laws it looks so that people who immigrate to Germany can have a dual citizenship. But people like me who are living outside from the EU can’t get the dual citizenship so easy. That’s to bad …and I was not 100% accurate in my first statement Sorry ..
@@wolfgangselle3272 I get your point. I wouldn’t go the road of tax payments. There are hundreds of thousands of immigrants in Germany, who have been paying good taxes in Germany but for one reason or the other don’t want to get German citizenship, mostly because they have to give up their previous one. Germany is facing very difficult demographic problems which is why it can’t go on without new inflows of immigrants. In my opinion, new law will be adopted this summer and will allow dual citizenship in Germany, just like it is the case for the countries you mentioned, also in France. I find it ridiculous that citizenship law in Germany is so out of date. It has a lot to do with overall conservatism. I talked to some of my German friends and they thought it was impossible even for EU citizens to get German citizenship and keep their previous one. And when I told them that it was possible, they were not sure it was a good thing…
I hope the new law will be adopted and it will make it better in your situation as well, as once “multiple citizenship” is allowed - it will be applied to all citizens of Germany, also in your case too.
Germany, No thank you!
Eligible because my mother was full blooded, although I was born in the US. My German relatives say, No Way.
only works if she did not renounce prior to her giving birth to you. if she was german citizen by the time still: yep you are german.
germany accepts _ius solis_ so you are entitled to keep your US citizenship anyway.
Consult with your nearest consulate-General
i’m usa born. german mother. german mother who denounced. i got my german citizenship and retained usa citizenship. it’s possible. no issues either.
In 1974 it was your father lineage…
In 1975 it became your mother’s lineage.
I know this because my brother was born in ‘74 and myself in ‘75.
We are both Americans.
Our mother was German.
I obtained my dual citizenship at the age of 22.
My brother was denied.
@@TheFunkybert that is correct
I am unsure if they have amnesty provisions similar to Spain because I saw a clip before by a different citizenship consultant but forgot about it
This is a welcome development in my view. I’m a dual German / South African (by birth) national living in Canada on PR. I qualify for Canadian citizenship, but have been hesitant to apply because I don’t want to surrender my German citizenship. I’m guessing it will take some time for the new laws to pass.
...talk to your German consulate. There is an application, whereas you have obtain a certificate to maintain German citizenship, while (before) applying for the Canadian. Yet, the application to Germany ( to maintain German citizenship) has a few factors you need to satisfy ( why do need to stay German and why do you need to become Canadian). This application needs to be approved via receipt of a certificate before applying for the Canadian citizenship.
Just curious.. Why did you leave Germany for Canada?
Am looking to immigrate can't choose between Germany or Canada.
@@safiahnd488 I grew up in South Africa, my grandparents immigrated there from Germany. I’ve never lived in Germany, but I still have ties to the country. I had an opportunity to work in Canada, hence the reason I now live there.
@@Infindibulator1 all right! Thanks for the reply (: wishing you the best wherever you choose to be
Funny. I'm Canadian having a permanent residency in Germany but I don't want to give my Canadian citizenship to get the German one. Call it sentimental attachment since I don't have any intention to ever move back. But who knows what the future holds. As for the timing I am not sure. The law was introduced, if it passes sometimes this year I would guess it gets effective next year or start of 25? I knew that this was written in the Ampel Koalitionsvertrag and I kept hoping for this to get moving. It finally does.
You lost me when you jumped to the part about Mexico and the clock (ticking/tocking?).
true. Sometimes he rambles & goes off topic for a bit
Why would someone who renounced U.S. citizenship wear an American flag lapel pin?
I wondered the very same thing. Perhaps he's so hard up for subscribers and/or customers, he's willing to sacrifice his principles for the sake of profit. After all, he IS a capitalist.
Is it the American flag? Looks like Malaysia to me
I think it's the Malaysian flag. You can see the one star and moon.
@@BG-it7hb He said he had a Lapel Pin for all the Countries, he's a Resident/Citizen in.
He's NOT a US Citizen, so it's more than likely Malaysia. As he has a Resident Permit there.
My wife was born in Germany. We've lived there and now live in the US and have family in both places,so we can't burn our bridges. I consider both Germany and the US to be in decline now and we're looking elsewhere. My wife's brother and his wife are still living in Germany and they're also looking for alternatives. We've talked about try to relocate together. Maybe the passport changes will help them.
See how easy it is to get your German wife a US residency permit and being obligated to file tax returns in both countries.
Germany is on skid row. It's not what it used to be.
So is most of the western world. Wait for 75 years til everyone assimilates (or not) and hope you dont end up an impoverished or even oppressed minority . Dont forget to thank your politicians...
Switzerland is still fine.
Interesting, many Germans have left the country in the last few years. Why would that country/government not make it attractive enough to retain their own (educated, trained, language proficient) citizen? I probably can obtain that citizenship through heritage, but why- when many of their own leaving? The bureaucracy for new businesses and the taxes do not offer any incentives.
I'm German and currently looking foward to get out.
It's not even the burocracy or taxes. We are a US-colony and they are trying to displace us.
Is there a timeline for this. I’m German and have been PR in Australia. Germany is being obnoxious with my exemption even though I have a family there! So this is good news.
But can’t find an approximate timeline. Do you have any insights? Much appreciated 🙏
What happened in Paris within the last 2-3 days is becoming the new "normal" across Western Europe. Germany is making a huge historical mistake.
What happend?
@@el.grantelbart someone shot kurdish people. These people are from what he consider 3rd world because they never had the comfort living like us! These people have mindset to not follow rules/ laws this is why people at the top in their countries are so corrupt then it trickles down to their own population. But, put yourself in the politician shoes if you are a wealthy politician you do not see whats down the hill because you live up on the hill. You do not visit the local cafes/restaurant, unless you are promoting your party near election time! Your family is not effected. We humans, we have tendency of putting our goal first over others. If it doesnt effect you, you will not care... until it effects you or your family. This is why when you riot you target the rich and politicians homes/assets not looting and destroying your own city hall.... hhowever people are stupid, every uprisings will loot local small businesses and destroys town centres, which they live in?
@@el.grantelbart maybe read the news a little 😂
@@sherryjeanpku looks like the news I read didnt contain that
@@el.grantelbart Time to switch to "real news" instead of fake.
Do the students who are studying in Germany for more than 5 years also fall under this naturalization law?
Under the current law, you require, at least 8 years, and in some circunstances.
No. One isn't eligible to apply for citizenship with a student visa.
@@raytiolu1644 even if he or she stays more than 5 yrs?
@@marianokrause-merkel1840 If new law applies to it, then?
@@marianokrause-merkel1840 60 months of Rentenversicherung has to be paid in that case
Germany is EASILY the most beautiful country I’ve ever lived in. By far. They’ve run amuck since Covid, but before that, it was second to none in the world. 🇩🇪
It is a joke?, The weather is terrible worse then in the UK, the city gets shutdown early, the taxes are insane, most Germans are ultra boring and a lot of Germans are also degenerates. You gotta be very middle class to enjoy that, at least in California you have sun and friendly people from Asia and Latin countries
@@emanuelriquelme1133 Okay.
You get the same beauty just over the border. Austria, Switzerland for Germany. Easy. The nicest parts of Germany are in the alps anyway.
@@ThomasTomiczek true 👍 are you Czech 🇨🇿 by chance?
You smoke some weed?
5 years is not the floor in the EU. Spain grants citizenship in 2 years to citizens of their former colonies, 1 year if they're married to a Spanish citizen or as soons as the step a foot in the country if they're from Guatemala. If you have any clients from latin-america you should know this.
What if I have a Latin American citizenship by naturalization
@@sanchit8097 Naturalization is EXCLUDED.
Only those born and raised in Central American Countries, Spanish speaking Countries in South America, The Philippines and the only Country in Africa that speaks Spanish: Equatorial Guinea.
Dominican Republic too. Not sure about Cuba and Mexico.
Naturalization in Spain is the worst my dear. It's 10 years. What you mention are exceptions!
@@serviceedgeinsurance8830 Exceptions that potentially apply to over 500 million people
I would like to see Andrew do a video on the untold dual citizenship in Europe.... Luxembourg dual citizenship
@@eurotravels-dt3em Grand Duchy is not into CBI
Same, Luxembourg 🇱🇺
Yes, please! He should check out LuxCitizenship. It might be a small population eligible, but in the Upper Midwest (MN, WI, IA) it's not as uncommon as you'd think. In Minnesota, I often meet people who have also obtained it or know someone who has.
As a German I have to say this is NOT a good idea. Not sure if Nomad Capitalist know that one of the ruling parties right now, the green party, has taxing German citizens no matter where they are similar to the US as one of their goals. And I think some other parties also would not mind doing so. I am actually in the process of GETTING RID of my German passport.
where would you prefer to go??
german salaries are higher and their taxes are also higher and that on your global income. Cost of living is also higher. German citizenship comes with disadvantages as well.
Don’t they are going to tax the passport exactly like the US
I would agree that amongst EU passports the German and Irish passports in particular the Irish with the CTA is a very strong one, but I wouldn't discount a Luxembourgish citizenship either because as a quiet tax haven for foreigners much like the US can be for non-resident aliens, Luxembourg is not likely to follow you around when you leave and you could benefit greatly from their network of double tax treaties when you do leave.
Ask yourself the question, why so many millionaires are living in Germany? Because our beloved government, regardless of political direction, makes sure that working people are stripped down on labor tax and social costs while investors have multiple ways to tax avoiding loopholes. Not many of those 1,63 million millionaires/ 2% of population flee from here…similar to other countries…However, look for better places in the world, good times in this country are history.
But why would you want to be German?
Perhaps To move to South Europe for living
@@Al-yu6bq that is probably the smartest idea, although it might be difficult to get rid of the passport once Germany goes after your money
Why would a rich person? No reason.
Why would a poor person? Welfare.
This is the death of Germany.
@@Al-yu6bq In that case, you might as well get Malta citizenship. 🛫
@@mikefish8226 Is your answer to become both poor and rich at the same time? In the country where you have tax residency are you poor and in other countries your businesses pay local taxes? Forgive me for asking this, but I'm a newbie playing these games.
Is that Malaysian flag pin, that are you sponsoring at the same time? 😬
Wow! it was super informative yet concise!
Thank you!
Wow! you spoke well and clear.
I am considering Phd programs in Europe (cheaper & in some cases free + wage). Given your experience where would you recommend?
Thank you in advance.
As a German citizen (descent), I have to agree with many comments here that Germany is heading down the u-bend rapidly. Simply handing out a passport to any mouth- breather that wants one is going to accelerate the process.
germany will have te possibility of citizenship after 3 years for skill labour no other case in europe
as I see it its not happenning
another ignorant yt guy who is incapable of doing anything with his life and now blames the immigration
“Ticked? Tuck?” Lol that was refreshing 😆
Who the heck wants to be german?
All the "refugees" who "lost" their passport.
People from the 3rd world.
USA and Europe are directly responsible for destroying theses countries as they are oil and raw-material hungry/greedy. It only correct you accept all the immigrants/refugees that seek a new life. not really a "better life" as they better life in their own countries have been destroyed. Go on people of Asia, Africa and mid-east. The world is your oyster. Good luck. The europeans are aging and have no young to take on the future and pay tax to sustain the people who are young now but will age in 15/20 years without any offsprings to take on jobs and support their pensions and pump new blood to sustain the then economy. learn from countries Australia, New Zealand and US.
@@chriscarter2010 :D :D The Africans and Asians are not Greedy?
I have an Austrian citizenship and a now-expired Austrian passport, but I've lived in the U.S. and have been a U.S. citizen most of my life. Do you think it's worth re-looking into Austria? I have never considered it before until recently.
i would stay where you are
Depends on your current location in the USA. For example, comparing the cost of living between a larger city such as Denver, CO to that of Salzburg, Austria, you would need around $6,147 in Denver, CO to maintain the same standard of life that you can have with $4,260 (4,000.00€) in Salzburg (assuming you rent in both cities). Denver would be cheaper in the cost of gasoline/petrol, as well as monthly utilities (electricity, heating, cooling, water, garbage), but the rental cost in Salzburg would probably be 50% less than Denver. It all depends on the life style you wish to pursue. Quality of life (personal safety, health care, pollution index, climate) would be higher in Salzburg than Denver. The only drawback in Salzburg would be the higher cost of actually purchasing a house or condo, which might be double the cost of Denver, CO. Hope this reply would be of some value in your decision. Cheers.
@@fumble_brewski5410 There are other considerations beyond taxes and cost of living. We live in one of the lower cost areas in the US southeast. No really serious issues for us as far as that goes,but the extent to which the US,Canada,and EU countries want to control everyone is the issue I'm most concerned about. Citizens should always be in control of their government. Government control of citizens is unacceptable for me.
@@gary4507 Alas, no matter where you go or live, government(s), to a greater or lesser degree, will always try to to control people. It’s what they do, just like a dog scratching fleas. Indeed, even if a Republican manages to win the presidency in 2024, there probably won't be any real change. The crux of the matter is this: Your government does not fear or respect you. Its officials know they will not lose their cushy positions, no matter how many rights they violate. Plus, government has co-opted private businesses to do its bidding as well: Amazon, Google, Twitter, etc., are ALL in bed with the surveillance state that is modern day America.
“Since mankind's dawn, a handful of oppressors have accepted the responsibility over our lives that we should have accepted for ourselves. By doing so, they took our power. By doing nothing, we gave it away. We've seen where their way leads, through camps and wars, towards the slaughterhouse.” ― Alan Moore, V for Vendetta, who also wrote, “People shouldn't be afraid of their government. Governments should be afraid of their people.” The question is, what can/should be done to make government afraid? Cheers.
@@gary4507Govt is always in control of private corporations, banks and billionaires. 🤔
The toughest migration ion the planet. From experience.
The recent update says Germany is cutting down huge sums of taxes across all streams of income which is good news.
references please
I have applied for mine, it's taken over two years...
Oooh this is perfect timing!
I'm hoping that they're going to allow Germans who lost their citizenship (e.g., by naturalizing elsewhere) to regain it
My experience is if you are a low earner with family you live comfortably than in US and same for high earner but the individual or family income comes to 200000€ in Germany they are fucked.
As an American, I want to reclaim my German citizenship by descent based on the 2021 law, but live in Italy. How would that work both in terms of requirements and taxes? I would be coming on my retirement income, but I would like the option and flexibility to earn money if I chose to work without hassle.
Hi, we offer citizenship by descent. Email help@nomadcapitalist.com and someone will get back to you.
You can pay almost no tax in Germany though :)
you can also get a residence in Germany but not be tax resident, that will build-up you years to qualify for citizenship.
Please elaborate? 😊
Details, please....
This information is wrong. In Germany, any residence you have there does make you a tax resident. The only option then to avoid taxation of your worldwide income is having another residence in a country that Germany has a DTA with, and that other residence being the center of life. If that center of life is in a country that Germany does not have a DTA with: Bad luck! You will pay full taxes in BOTH countries!
@@YellowWhiteEye you can be beschränkt steuerpflichtig like i am
How so?
I would like to suggest an idea here - As subscribers of Nomad Capitalist and supporters of financial freedom, let's all create a new nation together! One of its constitutions would include, but not limited to, a crypto tax-free environment!
Or... just screw off elsewhere? Jesus this sounds like a glowie trap imho.
Can Germans get another citizenship based on this too?
first it depends on the other country. if the new home is ok, then chances are high germany will not bat an eye in the future.
topic is no brainer if your new citizenship is from another EU member or Switzerland; you may gather all 27 (or whatever number it is) citizenships :D
Following this - been trying to find this answer for months.
@@markbartel216 You already know the answer, the Ample coalition is keen to convert as many New Germans (you know, the ones Merkel invited over) into voters and citizens ASAP. They are much less keen on letting actual Germans get a second nationality and passport to ease their exit from the country.
@@mynamename5172 yeahhhh from a political standpoint, it makes much less sense to allow Germans to get additional citizenships than to create new ones. I'd imagine they become more accepting for it if they implement citizenship based taxation though, but that defeats the purpose.
Difficult climate.
For now it looks like it is 5 years for PR, plus 8 years for Citizenship.
So if they reduce 8 to 3, it ll make it 5+3 total of 8 years instead of 13.
I don't think that's how it works
A second passport is only possible if the other country accepts a dual citizenship .
Can I apply for German citizenship if I was born in Germany and lived there for 5 years after my birth but neither my father nor my mother have German citizenship. My father worked and lived there for 35 years and he past away 12 years ago. If you can help me with that, how can I reach to you?
I have a good business and would love to get another citizenship.
If you were longer than 6 months outside of Germany, the 5 years don't count anymore for the citizenship. You would have to start from zero.
In the United States, it is one of the countries if you’re born there even if your parents have a different citizenship, you’re automatically American citizen however, but check this information if you’re born in Germany, but your parents are not German citizens then you’re not automatically a citizen.
Hi, my mum is from Poland and my dad from turkey. im born in germany and live here my whole life. i went here to school and all that normal stuff that germans do. i feel like a german but i dont have a german citizenship, i dont have a german passport and im now 27. i am at the moment turkish citizen, can i have the german citizenship or dual citizenship and what can i do to became german citizen. thx
How could you stay in Germany for so long, participate in school etc... Without German citizenship ?
@@buzifalus because of his other citizenship. he is probably a foreign citizen with a permanent residence, (Unbefristete Aufenthaltserlaubnis)
Over half of what is now Poland was part of the German Reich until the end of WWI. Although most Germans were expelled from the former German territories east of the Oder-Neisse line in and after 1945, some ethnic Germans remained as did previously Germanised Slavs. Ask your mother about her family tree. She, and therefore, you may have a claim on German citizenship through ancestry. However, if your mother's family hails from the parts of Poland that were formerly part of the Russian or Austrian empires, this is much less likely.
Also, most Poles whose families now live in the parts of present-day Poland that remained German territory between the two world wars moved there from further east including from former Polish territory that was annexed by the Soviet Union and is now in Belarus, Ukraine and Lithuania. So, they have no German bloodline and therefore no automatic entitlement to German citizenship.
I remember once meeting a Canadian woman whose family had left Germany three hundred years ago first for what is now Ukraine and then for somewhere in South America. To my surprise, because her family had kept their paperwork down the centuries proving their German ethnicity - I think they had been part of the Mennonite Church or similar, and this was important to them - she was able to claim German citizenship based on ancestry even though she didn't even speak German at the time.
Good briefing & guidance! Thank you👍
From tomorrow on double citizenship will be legal and easily possible in Germany. Are you planning on making a video on that soon?
When exactly? I heard this gossip for a year now... but nobody could tell me when. Can you give an estimated date please? thanks
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next year 2023 but i think in the last 6 months 90%
There is no way the citizenship rules go through
EU citizenship already. That We live in Frankfurt means we are automatically granted German citizenship. Thanks. Could be now or later to get those. Thanks. Right now it is time to go home Frankfurt. Thank you all.
The way Germany giving its citizenship is very cheap now in current years. It is like selling your citizenship/passport in a cheap price like lollypop come and get it.
Does Germany offer trade or vocational training for American citizens? I don't have a degree and I'm over 25 so I don't know if I'm eligible to move.
yes you are
Its getting easier because nobody except poor people wants it. Everybody with a rational mind want to leave! Me too...
those who are renouncing their German citizenship plz dont forget to share with me. i shall be ever ready to receive german citizenship.
desperate seeker from pakistan
No need citizenship, just fly in and claim refugee status like others. They will not deport you.
How can I get a German citizen through a grandparent who was born there. If I was to get one would my son beable to one as well through my grandma and me
Ich kann den Teufel im Detail von einem Ozean entfernt riechen!
Und der Geruch reicht bis zum hoch Himmel!
High cost of living and It's also no longer a wealth country, lack of jobs that's why become easier to be a German citizenship nowadays
I want to check El Salvador because I can't afford Europe
I actually loved living in Germany! I’m thinking of moving back! If not Germany maybe Holland!
you just need to pass German at B1 level and a citizenship test after living for 8 years.
I need to know this. Maybe. I could go live in. Badin Badin.
Hey Nomad!. I am planning on getting German citizenship from my Mother who was born in Germany. But she hasn't been in Germany since she was born and she is 55. I don't know if I'll be able to apply using her previous passport. Can anyone help me out with this idea!!
being born in germany is not enough; germany is _ius sanguinis_
look for her passport and other documents
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she was born in Germany but is she a German citizen? When you say previous passport do you mean her previous German passport? You have to check her documents to see if she is an actual German citizen. If she is than yes you can receive citizenship through her
@@kween3546 she hasn't been in German for about three to four decades. Her only passport was from when she was born and she lived in germany for a few number of years before going back to her father country. But my elder is about starting the process whereas being optimistic it'll tur out well
I was born in Germany. Not eligible for Citizenship given parents were not German
Do we need B1 level language certification? Or A1 also sufficient?
B1 if you are going to find a job.
Even a resident permit required to pass A2 level I believe
I came back to Nomad Capitalist only to see he interviewed Andrew Tate, and I won't be back any time soon.
Germany is beyond broken. Steer clear.
But I think taxation all over Europe is worse . I live in Nederlands but …..gek liefde surviving as a foreigner without residence . But I also feel think the next economy of Europeans is immigrants/refugees .like it or deny it .they benefit a lot from desperate immigrants.after integrations .they tax a lot and fill the gap of labour and future young generations .
Video starts at 4:26.
36% tax I am paying every month to German finanzamt.
Living with wife and a child
good to see that you're also covering my country of residence, even though it is not exactly the "favourite" for capitalists ^^
You pay less taxes if you're married versus being single.
You run the risk of losing everything if you divorce...
@@MrEdrftgyuji elaborate please :)
you keep everything from before marriage and also any inheritance during time of marriage count as if "personal asset prior to marriage". any gains will be split on divorce, but that counts on both sides and usually the gains were used for upkeep of the life together, so there is not much to split.
besides: if you are divorced you are obliged to care for yourself
Who told you such nonsense ? you might enjoy Steurklasse 3 but your partner must get the 5
Pro tip: go to Germany and go on social welfare! Not only are you fully covered (house, insurances, cash!!!) but you also don’t pay any taxes. A lot of my friends are doing it and we are from all over the world. Heaven!! Especially soon since we get to get the German citizenship for free
This system will fail.
More and more qualified people leave the country.
@@epicurean1868 Ah, but everywhere is doing the same, there's nowhere to run to. It's part of the plan.
@@mikefish8226
You can go to Poland or Hungary.
Safe places.
@@epicurean1868 They will fall in the same way as the Western European states, all the people destroying them will turn on Eastern Europe eventually.
i met your friends that one day,
all very nice & educated people
Compare citizenship and immigration laws with those in America. What a joke. Walk across the US border and you are home free.
Only if you are a non-white, 3rd worlder. Everyone else must endure countless delays, unending paperwork, background checks and costly fees.
What are you talking about? US citizenship is hard to get and costs thousands of dollars.
Germany is going to become Islamic country soon
Many islam/ muslims are very kind, peaceful and hospitable people. ISIS is Israel and was created by the help of USA. love tp all Muslim brothers and sister. You are welcome all over the world including Sri Lanka. We all have the same right and religion doesn't matter. Humanity matters.
Sure buddy. Keep telling yourself that @@chriscarter2010
Is that Malaysian flag pin?
Is that the American flag pin on your suit? 😃
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It is. And it is also very ironic that a person who speaks so much against living in the USA would wear such a lapel pin. He must be desperate for subscribers and customers.
@@fumble_brewski5410 Its not American, looks like Malaysian to me
@@Ali-hl9hr Oops, you're correct. I think I need to get new eyeglasses. 👓
Hi! I want to get the German citizenship and go back to my country Ecuador. In case I get the German pass, could the German government oblige me to pay taxes, even though I am not in Germany?
thanks for any answer that sheds some light please!
Good question. I would assume that by then they will come up with something to find a way to charge you something.
There is only 2 countries that still tax their citizen even when they live abroad. That's the good US of A and their friend China. No other country in the world do this. Germany doesn't do it now and they have 100 of thousands citizen living in other countries around the world today. Will this change in the future? Who knows but it's a world standard and it's not in the book to be change now. So don't listen to all the stupidity you read here.
@@StarshipTr00per thank you for this answer! :)
But does It work for Srilankans and Indians as well as others close by
Most Sri Lankans are law abiding kind hearted, welcoming, honest people. They welcome all visitors to their country (rich or poor) I think. countries that have a low population growth and have too many aging communities have to advantage in inviting people from India and Sri Lanka. Just as all US, Canadian and many European move to Asian countries, the asians also should have the same opportunities to move to European countries and fill up the gaps and become useful citizens. Its should work both ways. not only be beneficial to Europeans to enjoy all of Asia, Africa. but not Asian and africans not allowed an opportunity to enter Europe. Look at Australia, Canada, New Zealand. These countries are thriving because the accept so many immigrants to study, live and work from Africa, Asia..,.
no easy citizenship can maintain be the best
Genau!
Good bye Germany.
What is that thumbnail bro?
For real.
The smart germans live outside of Germany ;)
If you know you know ;)
If you are smart or wealthy, you'd want to avoid Germany. That's sound advice!
I live outside Germany and want to go back. Australia is going down the drain. Extremely expensive - rent, food, petrol, everything. Lots of domestic violence, homeless people, killings, drug abuse. Getting worse day by day.
Can I keep my resident permit of Geneva while I apply for a visa in Germany, I am an India citizen
Yes, come on in y'all. Lot's of social benefits awaiting you. We german workers and tax payers are so happy to to feed you..not. I certainly do not appreciate presentations like this. But I understand. At least your are halfway right about our tax system that is hard especially on entrepreneurs. Be ye warned: the current green-marxist government is considering a special tax for the rich. How this will play out isn't sure yet. But once these ideas are on the table there is a chance it comes to pass sooner or later, especially with this government in place.
I'm a US citizen and I qualify for German citizenship through my German mother and grandparents. Should I get a German citizenship to renounce US citizenship. I'm planning to retire offshore, maybe Dubai or Portugal.
No if you inherit(parents, grandparents) german citizenship, you don’t have to give up US citizenship. You only have to renounce US citizenship if you acquired german citizenship via “Naturalization”.
@Miamiguy2000 I plan to renounce US citizenship to reduce taxes
I don't plan to reside in Germany but more favorable tax regime. Offshore income is not taxed by Germany unless you are a resident of Germany for 183 days/year.
Have you lived in Germany for 8 years? Do you speak German at Level B2, that is upper intermediate. Germany does not have birthright citizenship, but you still pay taxes and social benefit 'contributions'.
@@roddymoore He has a German mother. He can get the German citizenship without being born in Germany. All German descendents have the right to the citizenship, it doesn't matter where they were born and where they're living.
@Roddy Moore You can get German citizenship through descent if you had a German parent. German citizenship is by blood not soil. With the citizenship by descent, you don't need to naturalize or even speak German. When I was born in the 1960's, German citizenship was only acquire @ birth, if your father was German. The law was changed due to gender discrimination . My mother was a German citizen at the time of my birth since she had been in the US for only 2 years.
What does it mean to be successful?!
When is this citizenship law going to be approved and then coming into action?
I heard the bill was handed to the parliament and should be in effect by June 2023
Very bad advise for someone, who is taking up to 50.000 Dollars for appearance! You should have done at least some research! Germany has the highest taxes and unbearable bureaucracy! More than 200.000 germans are leaving the country each year!