The Cheapest Way to Get a Second Passport

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  • Опубліковано 14 гру 2024

КОМЕНТАРІ • 106

  • @nomadcapitalist
    @nomadcapitalist  5 років тому +8

    What about you? Which way would you choose?
    Comment below with your suggestions or ideas and if you liked this video, give it a thumbs up and click on the subscribe button.

    • @lhachmitaifouri4481
      @lhachmitaifouri4481 5 років тому +2

      I it's valuable to get second passport but there are some issues in some contries that don't allow trafering money outside countries( regulations), what will be the solution?

  • @mikenephilly
    @mikenephilly 5 років тому +105

    I have a seven figure income. It's just that two of those figures are to the right of the decimal point.

    • @fidelcatsro6948
      @fidelcatsro6948 5 років тому +4

      trying to make sense of this... 1000000 ---> 10000.00

    • @rodneyparker5313
      @rodneyparker5313 4 роки тому +5

      Oh that is the funniest thing I've read lately.

    • @dwdelve
      @dwdelve 3 роки тому +1

      Lol.... whats her name?

    • @benkim2016
      @benkim2016 2 роки тому

      My wealth is health, saving a million bucks on surgeries and nursing care!!

  • @slovene1987
    @slovene1987 5 років тому +26

    Since I'm not wealthy, I'd rather (and must) do the naturalization.

  • @SolomFoz
    @SolomFoz 5 років тому +25

    My list is:
    - If you can afford the cost of corruption while you don't have much money, go for latin american passport
    - if you can afford non foreigner friendly countries while you don't have much money, go for eastern europe.
    - if you can afford high taxes while having a lot of money, go for western Europe.
    - if you are in the middle of the road of all of these prementioned conditions, go for canada 😃

    • @nomadkickbox4049
      @nomadkickbox4049 5 років тому +8

      Canadian Passport is a A-Class Passport: Excellent for travel even to arab and muslim countries - the dark side of having a Canadian Passport is the draconian tax laws which is almost the same as having a US passport.

    • @SolomFoz
      @SolomFoz 5 років тому

      @@nomadkickbox4049 thanks for reply. you are correct! It is a compromise you pay a lot of taxes but you get a good passport. That's why I called it as a middle-of-the-road choice.

    • @Crusder1000
      @Crusder1000 5 років тому +8

      Dexter Speights II Draconian or not lol. At the very least you could move away from Canada and for the most part you'll be free from their taxes unlike the U.S.

    • @nomadkickbox4049
      @nomadkickbox4049 5 років тому

      @@Crusder1000 Thanks for the get out of JAIL FREE CARD - Brother John!

    • @k.s.fergusson5909
      @k.s.fergusson5909 5 років тому

      I. Fawzy Vanuatu 🇻🇺 ?

  • @jobird354
    @jobird354 2 роки тому +2

    Hi Andrew. I'm learning so much from your videos. My grandfather was Croatian. I'm a New Zealander. I've never wanted to be old here and the way the country's turning upside down I've learnt how to avoid being stuck here in the future. I've started progress towards getting my grandfather's paperwork for citizenship by decent. I have the time to do it for when my pension is ready in a couple of years, then I'm going to Europe for my old age. I'm so excited to learn this from you. Thank you so much.

  • @JamesonLemonade
    @JamesonLemonade 5 років тому +11

    I wish this kind of thing was taught in a high school financial planning course (Just discovered Nomad Capitalist a few months ago), as I definitely would have preferred the naturalization paths for multiple countries at once like you're saying when I was 18 or 24, but it's not very realistic anymore, so the investment option seems the most likely for established career people.

  • @m_m_m_m_m_m_m_m_m_m_m
    @m_m_m_m_m_m_m_m_m_m_m 5 років тому +7

    Nice to see Tbilisi in the opening. By the way, Georgian residency/migration laws changed and will be in effect now in July 5th (or so). The "gates" are closing.

  • @eddyspeed861
    @eddyspeed861 5 років тому +8

    Agreed, if you can invest for the passport anyone should absolutely go for it.

  • @nasserjassari9315
    @nasserjassari9315 3 роки тому +2

    I'm from yemen born and raised. Watching this kinda videos it's just heartbreaking. 💔

  • @klwthe3rd
    @klwthe3rd 5 років тому +4

    I'm trying to do the citizenship by ancestry because my mother's side of the family is from Italy. I don't speak Italian and would prefer a cheaper cost of living country but beggars can't be choosers. I hope I can get it as most citizenship by investment programs are out of my financial realm.

  • @nomadkickbox4049
    @nomadkickbox4049 5 років тому +7

    By Blood is the cheapest way to get a legal 2nd Passport!

  • @jonathanbarberie4995
    @jonathanbarberie4995 5 років тому +5

    Lucky sperm club member here! 😎
    I qualify for Jure Sanguinis Italian citizenship because my great grandfather who came from Italy naturalized in America after my grandfather was born.
    And I found this out because of you, Andrew. Thank you so much for the information you provide!

  • @justaman3419
    @justaman3419 3 роки тому +1

    My wife is half Thai, her mum was born in Thailand and came in Italy where she raise the family.
    My wife didn't have the Thai passport though...
    How can we get it????

  • @garciatunion
    @garciatunion 5 років тому +5

    Im from Argentina, The only reason why I want to apply for another residence/passport is to avoid paying huge taxes. unfortunately I can only apply for an italian passport (grandfmother), terrible place for it

  • @kbunky69
    @kbunky69 5 років тому +7

    Andrew please do a segment for forex traders especially those in the US so they can trade offshore

    • @hosam2011
      @hosam2011 5 років тому +1

      oh .you are right ,many of my US friends struggling with forex trading regulation

    • @kbunky69
      @kbunky69 5 років тому +2

      @@hosam2011 yes it is so stupid the rules and regulations that the US put on American traders that handicap them . They need to equal the playing field, but in the mean time this is a great segment that Andrew can help and gain clients

    • @hosam2011
      @hosam2011 5 років тому +1

      @@kbunky69 yeah agree

    • @ax6070
      @ax6070 5 років тому

      @@kbunky69 Thanks to Obama's FATCA

    • @kbunky69
      @kbunky69 5 років тому

      @@ax6070 yes that caused a lot of problems for the forex industry in the USA

  • @dammilolafasuyi1058
    @dammilolafasuyi1058 5 років тому +9

    Citizenship by investments seem to be the best bet

    • @klwthe3rd
      @klwthe3rd 5 років тому +1

      Not always. You have to weight your options.

  • @nomadkickbox4049
    @nomadkickbox4049 5 років тому +3

    Do a video for people who have a dividend portfolio offshore as a US or UK citizen living in Asia

  • @m.t4826
    @m.t4826 3 роки тому +1

    🇺🇲 ?....? I am retired American on 1000 dollars a month, What contry would be the best and easiest for me to get the citizenship?.......?

  • @2ndAccident
    @2ndAccident 4 роки тому

    At any way, at any cost.

  • @rodneyparker5313
    @rodneyparker5313 4 роки тому +1

    Citizenship by investment given my age. However, I would be at a lower cash price point, or 250k real estate option.

  • @Grace17893
    @Grace17893 2 роки тому +1

    God bless you man

  • @discerningacumen
    @discerningacumen 5 років тому +3

    I’m more toward to the IT entrepreneur than a nomad capitalist who want to start a business where tax is low and business related processing is fast.(even though the distinction is negligible over the haul.) My country S. Korea does not allow dual citizenship while it allows talented foreigners to have dual citizenship. Thus I’m ready to give up my passport when I find a better replacement. And the country will later see me as a talented foreigner entitled to have DC. And then I can get back the citizenship. Lol. How narrow-minded the law of S. Korea is as much as the people are.

  • @michaelluxford7852
    @michaelluxford7852 5 років тому +3

    Hi Andrew, I'm interested in Panama's Self Economic Solvency Visa. So, how long it will take to get to the permanent resident? Do I need to live in Panama to get permanent resident?

  • @handsomenubian
    @handsomenubian 5 років тому

    Nice video..i suggest if you could make a questionnaire on youtube for your question.

  • @Ashybasha
    @Ashybasha 4 роки тому

    My grandfather was British but the UK is not exactly a country that comes to my mind when it comes building freedom or having fewer to preferably no taxes.

  • @TkGz
    @TkGz 5 років тому +2

    nice video, i thought i was going to see a list of the Cheapest "investment Passport" to get.

    • @boob3239
      @boob3239 5 років тому

      Me too. But the video was useful also.

  • @DavidCoxDallas
    @DavidCoxDallas 2 роки тому

    maternal grandfather, born about 1897 in partitioned Poland, emigrated to USA as a child. Poland didn't even exist for him to be a citizen at that time. am I eligible for citizenship there anyway? my mother has passed having never pursued a Polish passport.

  • @blackshadow2582
    @blackshadow2582 3 роки тому

    Add the money up and invest would be my preference.

  • @BucketListTravellers
    @BucketListTravellers 3 роки тому +1

    Good food for thought. We like the thought of living in a different country, but we also like the freedom of being able to travel without necessarily having obligations to return to a country. Convenience is definitely something to consider.

  • @miguelgustavobohorquezblan3754
    @miguelgustavobohorquezblan3754 5 років тому +1

    Hi Andrew, I'm currently working my way towards the Brazilian passport by naturalization... There's a paper residence you'd recommend for expanding my passport portafolio while I wait for my Brazilian passport?

  • @karencooke3826
    @karencooke3826 5 років тому +1

    Hi Andrew, We are a South African Family, we are both teachers who left SA in 2001 and have taught in India and China and now in the UAE. Only our daughter still lives at home and we are paying for our boys who are studying so we don't have a lot of disposable income. We are looking to financially emigrate. We do have the flexibility of moving to teach in the country we emigrate to. We are finding the whole thing overwhelming. Where and what do you recommend?

    • @nomadcapitalist
      @nomadcapitalist  5 років тому +1

      Hi Karen! Why don't you send us your application at nomadcapitalist.com/apply and we'll see how we can help you. :)

  • @shaddyhacker
    @shaddyhacker 5 років тому +3

    Out of Caribbeans which one is the cheapest?

    • @miguelgustavobohorquezblan3754
      @miguelgustavobohorquezblan3754 5 років тому

      St. Lucia and Dominica starting at 100.000$

    • @shaddyhacker
      @shaddyhacker 5 років тому +1

      @@miguelgustavobohorquezblan3754 Andd this is total cost?

    • @cmdrlee2190
      @cmdrlee2190 5 років тому +3

      @@shaddyhacker and a few thousand in process fees (ya know bribes, greasing the palm, pay the piper,"donating" to the bureaucrats girl friends college fund).

    • @shaddyhacker
      @shaddyhacker 5 років тому +3

      @@cmdrlee2190 Well, that's nothing. I guess every firm has a processing fee. Because there is no direct way to apply.

  • @marcusmazdaboy
    @marcusmazdaboy 4 роки тому

    Hey Andrew! Great videos, I've watched 80% of them in the last week. Question, I can acquire a UK passport via ancestry, but is it worth it? Considering I don't want to live in the UK and they're leaving the EU, I can't see much benefit.

  • @Gmai739
    @Gmai739 5 років тому +1

    Hi I am a woman I have 2 sons 19 and 21 we are looking for a second passport within a range of 30000 $I don't mind to move in what is your recommendation

  • @ax6070
    @ax6070 5 років тому +2

    Andrew,
    I have one question. I have an EU passport but I got the US too. Can I get another EU passport after the USA? thank you

    • @valuenomad9388
      @valuenomad9388 5 років тому +3

      depending on where you will apply accepts dual citizenship, the US does, not all EU countries do.

    • @albertl.9146
      @albertl.9146 5 років тому

      @@valuenomad9388 Actually almost all EU and Western countries like Canada, Australia, New Zealand, and the UK permits dual citizenship. The only few EU countries that don't allow dual nationality are the Netherlands, Norway, Austria, Germany, and Monaco.

    • @valuenomad9388
      @valuenomad9388 5 років тому +3

      @@albertl.9146 You are absolutely incorrect about almost EU countries allowing dual citizenship. Just to name a few, Estonia, Latvia, Lithuania do not allow it. Or others that require you to renounce your previous citizenship when applying for naturalization such as Slovenia or Croatia. Monaco and Norway are not even in the EU. Please consider researching the topic.

  • @janethayles7002
    @janethayles7002 3 роки тому

    Hello nomad I am not wealthy but I am would like to Panama or St Kitts in search of work could you give me your advice

  • @kylemigueis
    @kylemigueis 3 роки тому

    My father is from Portugal.
    How do I start?

  • @2ndAccident
    @2ndAccident 4 роки тому

    If they will ask for millions. Then I will have to learn to earn this amount of money.

  • @m.ummohammedshammeeri1508
    @m.ummohammedshammeeri1508 5 років тому

    Iprfer naturalization how much it requred in bulgaria to get citizenchip?

  • @samuelugh5729
    @samuelugh5729 5 років тому

    okay, So I have my Grandfather side who's from the UK and Portugal ancestry. Would this qualify me for a cheap way to obtain a passport from there? and where I was born. the Country was under British Government Long long time ago. also under the Dutch.
    Thank you in advance

  • @keikofay9804
    @keikofay9804 3 роки тому

    This is an unfortunate non-starter for some, by luck of the draw. For example, my lineage with E-U countries are expensive investments, not entry-level at all for me. My lineage from African is not traceable as a byproduct of chattel slavery 300+ years ago and placing family surname under such circumstances is nearly impossible.
    However, if it were possible, I would invest in Malagasy eco-tourism and vanilla production!

  • @denoum
    @denoum 5 років тому +4

    Does this apply to a poor palestinian? 😢

    • @klwthe3rd
      @klwthe3rd 5 років тому +5

      Palestinians are great people! Smile my friend😁

  • @jangpeter8324
    @jangpeter8324 3 роки тому

    Which countries can a Nigerian get a CBI ?

  • @margyiphillips4931
    @margyiphillips4931 5 років тому +1

    I will prefer to put up the money and go back to my business.

  • @m.ummohammedshammeeri1508
    @m.ummohammedshammeeri1508 5 років тому

    If we r statless and difficulty has a permission or visa to any country which passport is suitable for us faster and easiest the validty of our passport only 2 years

  • @sakod2023
    @sakod2023 5 років тому +1

    Hey Andrew, what do you think about the World passport?

  • @curtisphelps8717
    @curtisphelps8717 5 років тому

    I have a felony in the US for selling a gun to a felon. Doing three years probation right now. What countries would I have a chance to get a passport in with a goal to leave the US and travel the world (mostly asia) for the rest of my life.

    • @nomadcapitalist
      @nomadcapitalist  5 років тому

      It will be very difficult, especially without an investment.

    • @curtisphelps8717
      @curtisphelps8717 5 років тому +2

      @@nomadcapitalist I will sell everything I own when my probation ends and I should have about one million. I will be 58 years old at that time so investing for a passport has to be a reasonable amount and if I have to live in the same country I want something tropical. My wife is Filipino and we both like Thailand but were keeping our options open if there's a better country to get a passport with the felony. It doesn't have to be a country that allows travel to the US. I'm mostly looking for low cost of living and countries where I can earn some interest. No plans to start a new business. I'm thinking Mexico, Panama, Columbia part of the time and Cambodia, Thailand, Philippines the rest of the time. Any thoughts or suggestions?

  • @bodyloverz30
    @bodyloverz30 5 років тому

    Live in Casa de Campo, Citizenship--Dominican Republic?

  • @OBS.Rey__
    @OBS.Rey__ 5 років тому +4

    Six figure earners go on youtube for advice uuh ook??? I think thats why allot people are asking you for more affordable passports cuz most of us are normal people that dont have thousands and thousands and an good credit score too invest in a passport

  • @roseforeuropa
    @roseforeuropa 2 роки тому

    Title says cheapest way. Then he talks about 7 figure boys and that you should just pay for a passport for a fast track. Maybe the only video from NC that I've downvoted out of the 40 or so videos I've seen over the years.

  • @Atem_S.
    @Atem_S. 5 років тому

    money!

  • @robstone4537
    @robstone4537 5 років тому

    I am in a lucky situation in that I am a dual South African and Australian citizen, living in Australia. My wife is a Colombian citizen (soon to be naturalised Aus) so we have access to three countries if the need arises. However neither of us can see ourselves wanting to live in either South Africa or Colombia.
    I have been considering moving to a more tax friendly country than Australia using it is a base for travel. I have visited Panama and some of the Caribbean islands so this is probably the direction we will follow as that suits our lifestyle. For me paying $100k for citizenship is a lot of money for something I don't need, I would be happy to have a residence visa and if this transitioned into citizenship later that would be great, but not the end goal.

    • @keenan3201
      @keenan3201 4 роки тому

      You are very lucky. I am south african and i want to move to colombia . I am glad you got out of south africa early they are only making it harder to leave.

  • @OBS.Rey__
    @OBS.Rey__ 5 років тому +2

    Why not look up the races that are in western countries and explain by each country how you can get citizenship from bloodline rules and regulations you talk about some really expensive countries with not one family member or friend in that country i think u know that 65% of the population in the us has 5,000 in the bank comeon on if ur going too give free advice lean more towards those people because six figure earners will just simply pay someone for the advice

  • @bsinghsidhu822
    @bsinghsidhu822 3 роки тому

    🌺🌸❤️👌