Having Dutch citizenship is also one of the worst EU citizenships as they don't allow double citizenship (you're only allowed to have 2 EU citizenships, not a second citizenship from a country outside the EU unless you're married). That is insane for such an international culture. I met a Dutch Australian family. Their daughter wanted to study and live in the Netherlands. She only had Australian citizenship as the Dutch government didn't allow her to have Australian and Dutch citizenship. It became very complicated and expensive for her to live and study in the Netherlands even though she's of Dutch descent. One of her friends was an Irish Australian and she could study and live in the Netherlands without any issues as she could hold an Irish and Australian passport. This is beyond ridiculous!!!
Dual citizenship should not be allowed. Dual citizenship means dual loyalty or maybe no loyalty. People should have one passport, one citizenship and one loyalty.
@@asmirann3636 Yea I agree. Multiple citizenships overcomplicate people's allegiance to a country and it effectively makes them look stateless in the eyes of the governments.
@@asmirann3636 I see your point. I think we differ. I am a world citizen, I am in a way loyal to the world and I'm not tied to one country. That said have an abundant day.
She could have declared to be Dutch citizen. Australia accepts dual citizenship so there will be no problem in Australia if she is also a Dutch citizen.
It's cringe when they put letters in the screen and use that "hacked transmition effect". The camera is kinda making sex, it goes foward and backward, foward and backward, spooning it's dizzy
Exactly, the IRS. Im not from US, but recently one of my friends who also isnt from US(doesnt have citizenship either) opened an US company for his online business and i told him he is crazy because of IRS. So many people are fighting to get out of it and you are just going to jump into that hellish tax system and probably trap yourself for god knows how much. Glad you got out!
As an Argentinean I can say that one thing is being citizen and another is having tax residency. If you don't live in Argentina for 12 months you are not required to pay taxes. Afterwards, you can visit for 90 days without gaining the tax residency back. So many people go to Uruguay for a year and then come back for periods of 3 months.
How is it for Uruguayans, I have also Uruguayan Citizenship, since I was born there, but I have also another Citizenship and have been living in that other country my whole life
@@svetlanaerofeeva5661world income tax? I don't think so. After 180 days outside the country I'm not paying more taxes. It's true though that you can't renounce your citizenship.
@@dotneko9059 true but just having the citizenship doesn't mean much if you're not living in Argentina....my brothers have not lived here in DECADES and they dont pay Argentinean taxes
As soon as you move abroad and notify the argentine embassy you've set your residency somewhere else, you become a foreigner and pay taxes as such in Argentina (only if you have profits in Argentina) and as a resident where you've chosen to live. The moment someone decides to live in Argentina, no matter what citizenship he/she bares, and makes profit, thay will have to pay income tax and wealth tax (no double taxation if you have profits or wealth abroad). Argentine here myself with an expat brother.
I heard of a lady whom had a US citizenship . Her parents walked away from the US when she was 4 . She is now an entrepreneur with money in another country so Uncle Sam wants to tax her , even though she has nothing to do with the US . The only solution the US gave her was to renouce her ctizenship ... It would only cost her a few thousand dollars .
So the US doesn't tax by citizenship per se, it taxes by where the money was made, but you still need to report your income to the IRS and pay taxes on any money made in the US even if you aren't currently residing there. So if you're running a business that operates in several countries as a US expat you'll need to pay US taxes on any money made by the US part of your business
If I recall corrctly, the US taxes all income no matter where it is made BUT you write off taxes paid to a foregin government to avoid doible taxation. Alot of kids born to parents who used to be in the US on student visas or working here, who then moved home, get a surprise when they become adults and the IRS reaches out to them for the taxes they arent currently paying. It’s not the kids fault but it is the law and it is their parents fault for not telling them.
@@KingRat71they don’t i have worked outside of the US for the better part of a decade. You are required to file taxes but first $120,000 cannot be taxed by the irs. I haven’t filed every year and it’s something that could be ignored in some circumstances.
There is a lot of Russians and Ukrainians going to the Philippines lately because they can stay there for 3 years as tourists and just exit for 24 hours (Visa Run) Then return and start the process again for another 3 years. There’s also a community in other South East Asian countries. And Russians and Ukrainians living there are living in harmony as friends. P.S. The PH does not have any issues no matter what passport you have.
The exit permit system they have for foreigners who live there longer for two months sucks though. It can be a huge pain in the ass if immigration is in a bad mood.
Well, being stuck with any citizenship is just awful. Nobody should ever be forced into it. It's like those governments owning you, no matter where you go.
who gave who the right to draw a line on the earth and then decide who can cross it ...just because a bunch of people gang up to call themselves a country by force doesn't make it right.
@@koala2464 Can't deny it, sadly, it's something more clear in countries where you have mandatory things like conscription. Thankfully most civilized countries allow you to forfeit your citizenship. Some might require you to be property of another state first, but having no passport is surely a problem (intentionally) as well as having no fixed residency anywhere (for tax purposes). You can't just be resident nowhere to avoid paying taxes anywhere if you have any income or investments. I understand why they do it, though. If you're wealthy enough it makes no sense to pay taxes where you can just afford using private out of pocket services. It's not like you'll receive the best care or education for free anywhere (good is not the best, if you're stuck with everybody else you're likely going to be another worker bee, I didn't escape it and so won't most people born outsider).
Polite request to Andrew - Please could you stop all this crazy editing. It distracts hugely from your excellent content and makes it impossible to watch without giving yourself a headache. Otherwise, the video would have been superb.
I'm Italian, and my ex gf lives and works in US now. Italians are taxed according to residency. She changed her residency to US a couple of years back, this brings some benefits regarding embassy assistance privileges and such. You won't be taxed in Italy anymore, but you'll also lose your privileges as a citizen, such as universal healthcare (to some degree).Whenever she gets back to Italy, she has to apply for a termporary healthcare pass which lasts a set period of time. In order to get your privileges back, you'll need to transfer your residency back to Italy. Apart from this, personally i would avoid US citizenship.
why? I live in Europe and quite frankly, it's only worth it if you are low income / in poverty. Anyone who is able bodied and has any education would be better off in the US.
I was surprised that you didn’t include Canada in your assessment. There are huge red flags to consider when talking about a Canadian citizenship, and it’s only going to get worse!
Born and raised Canadian. I strongly recommend not coming to Canada. It's not the Canada that it used to be, nor the Canada that the government markets to the world
@@daryl9799 it's sad tbh. I'm leaving this year though God willing. It's becoming a modern world slaveship. True Dictatorship. I wish it was hyperbole. People used to be much friendlier. The cost of living is not worth it for 95% of people. Cheers Daryl. Good luck out there
Access to banking services is becoming as big an issue as expatriate taxation. Most Latin American countries will not allow you to open a local bank account without local income. It doesn't matter how much foreign income you have. Conversely, because of ever tightening KYC rules, US banks are closing the bank accounts of Americans and foreigners who can not declare their primary residence to be the US. The only option becomes an offshore banking jurisdiction but that is getting tougher too, as many stores refuse foreign credit cards and local banks charge excessive ATM fees on foreign cards, while imposing narrow daily withdrawal limits.
Have you tried a Revolut account or similar? They have a lot of different currencies available on their international account, certainly USD. Might be useful for you, depending on where you are.
Stephen as an example, what are your thoughts if you owned a home in Mexico & rented it out for income? Would that technically qualify as "local income" & would they let you open up a bank account? I'm assuming have duel citizenship would help this process right?
@@alexfrost5220 That would still count as a foreign credit card in most jurisdictions. Remember, the local ATM network is owned by a small group of local banks so anything that is not their own card is foreign to them. Their software may not recognize or process anything not issued by them or (more commonly), they will restrict withdrawals and charge high fees. The days of having a global Visa or Mastercard network, with the same privelages worldwide, are long gone.
@@SoulEternalPeaceWarrior77 Of course, every bank and every country has their own specific rules but across Latin America (generally) bank access is a difficult issue. I haven't tried opening a bank account in Mexico so can't speak from first hand experience but in Brazil, Argentina and Chile, they generally require you to be a minimum of a legal resident (and maybe a permanent resident) and to be able to demonstrate at least six months of local income. Given the large number of ex-pats in Mexico, there is a possibility that at least one of the local banks seek to provide banking services to foreigners but unless one of the ex-pat forums has some good advice, the only way is to walk into a bank and try to open an account.
In Finland, Norway, Sweden and Denmark you can avoid military service on religious and moral grounds. Finland is strict: religious grounds are examined by the court and moral grounds have an option of civilian service. If you're over 50, generally you don't have to do anything during a war unless it's your calling and passion and sweet things.
🐟 22. ILLEGITIMATE GOVERNANCES: SOCIALISM (and its more extreme form, communism) is intrinsically evil, because it is based on the ideology of social and economic egalitarianism, which is both a theoretical and a practical impossibility. Equality exists solely in abstract concepts such as mathematics and arguably in the sub-atomic realm. Many proponents of socialism argue that it is purely an economic system and therefore independent of any particular form of governance. However, it is inconceivable that socialism/communism could be implemented on a nationwide scale without any form of government intervention. If a relatively small number of persons wish to unite in order to form a commune or worker-cooperative, that is their prerogative, but it could never work in a country with a large population, because there will always exist entrepreneurs desirous of engaging in wealth-building enterprises. Even a musician who composes a hit tune wants his song to succeed and earn him inordinate wealth. Socialism reduces individual citizens to utilities, who, in practice, are used to support the ruling elite, who are invariably despotic scoundrels, and very far from ideal leaders (i.e. compassionate and righteous monarchs). Those citizens who display talent in business or the arts are either oppressed, or their gifts are coercively utilized by the corrupt state. Despite purporting to be a fair and equitable system of wealth distribution, those in leadership positions seem to live a far more luxurious lifestyle than the mass of menial workers. Wealth is effectively stolen from the rich. Most destructively, virtuous and holy teachings (“dharma”, in Sanskrit) are repressed by the irreligious and ILLEGITIMATE “government”. The argument that some form of government WELFARE programme is essential to aid those who are unable to financially-support themselves for reasons beyond their control, is fallacious. A righteous ruler (i.e. a saintly monarch) will ensure the welfare of each and every citizen by encouraging private welfare. There is no need for a king to extort money from his subjects in order to feed and clothe the impoverished. Of course, in the highly-unlikely event that civilians are unwilling to help a person in dire straits, the king would step-in to assist that person, as one would expect from a patriarch (father of his people). The head of any nation ought to be the penultimate patriarch, not a selfish buffoon. DEMOCRACY is almost as evil, because, just as the rabble favoured the murderous Barabbas over the good King Jesus, the ignorant masses will overwhelmingly vote for the candidate which promises to fulfil their inane desires, rather than one which will enforce the law, and promote a wholesome and just society. Read Chapter 12 for the most authoritative and concise exegesis of law, morality, and ethics, currently available. Even in the miraculous scenario where the vast majority of the population are holy and righteous citizens, it is still immoral for them to vote for a seemingly-righteous leader. This is because that leader will not be, by definition, a king. As clearly and logically explicated in the previous chapter of this Holy Scripture, MONARCHY is the only lawful form of governance. If an elected ruler is truly righteous, he will not be able to condone the fact that the citizens are paying him to perform a job (which is a working-class role), and that an inordinate amount of time, money and resources are being wasted on political campaigning. Furthermore, an actual ruler does not wimpishly pander to voters - he takes power by (divinely-mandated) force, as one would expect from the penultimate alpha-male in society (the ultimate alpha-male being a priest). The thought of children voting for who will be their parents or teachers, would seem utterly RIDICULOUS to the average person, yet most believe that they are qualified to choose their own ruler - they are most assuredly not. Just as a typical child fails to understand that a piece of sweet, juicy, healthy, delicious fruit is more beneficial for them than a cone of pus-infested, fattening, diabetes-inducing ice-cream, so too can the uneducated proletariat not understand that they are unqualified to choose their own leader, even after it is logically explained to them (as it is in this chapter, as well as in the previous chapter). And by “uneducated”, it is simply meant that they are misguided in the realities of life and in righteous living (“dharma”, in Sanskrit), not in facts and figures or in technical training. Intelligence doesn't necessarily correlate to wisdom. No socialist or democratic government will educate its citizens sufficiently well that the citizens have the knowledge of how to usurp their rule. To put it frankly, democracy is rule by the “lowest common denominator”. It should be obvious that ANARCHY can never ever succeed, because even the smallest possible social unit (the nuclear family) requires a dominator. Any family will fall-apart without a strict male household head. In fact, without the husband/father, there is no family, by definition. The English noun “husband” comes from the Old Norse word “hûsbôndi”, meaning “master of the house”. The same paradigm applies to the extended family, which depends on a strong patriarchal figure (customarily, the eldest or most senior male). Likewise with clans, tribes, villages, towns, cities, and nations or countries. Unfortunately, there are many otherwise-intelligent persons who honestly believe that an ENTIRE country can smoothly run without a leader in place. Any sane person can easily understand that even a nuclear family is unable to function properly without a head of the house, what to speak of a populous nation. The reason for anarchists' distrust of any kind of government is due to the corrupt nature of democratic governments, and the adulteration of the monarchy in recent centuries. However, if anarchists were to understand that most all so-called “kings/queens” in recent centuries were not even close to being true monarchs, they may change their stance on that inane “system”. Most of the problems in human society are directly or indirectly attributable to this relatively modern phenomenon (non-monarchies), since it is the government’s role and sacred DUTY to enforce the law (see Chapter 12), and non-monarchical governments are themselves unlawful. One of the many sinister characteristics of democracy, socialism, and other evil forms of governance, is the desire for their so-called “leaders” to control, or at least influence, the private lives of every single citizen (hence the term “Nanny State”). For example, in the wicked, decadent nations in which this holy scripture was composed, The Philippine Islands and The Southland (or “Australia”, as it is known in the Latin tongue), the DEMONIC governments try, and largely succeed, in controlling the rights of parents to properly raise, discipline and punish their children according to their own morals, compulsory vaccination of infants, enforcing feminist ideology, limiting legitimate powers an employer has over his servants, subsidizing animal agriculture, persecuting religious leaders (even to imprisonment and death, believe it or not. Personally, I have been jailed thrice for executing God’s perfect and pure will), and even trying to negatively influence what people eat and wear. Not that a government shouldn’t control what its citizens wear in public, but it should ensure that they are MODESTLY dressed, according to the guidelines outlined in Chapter 28, which is hardly the case in Australia, the Philippines, and similar nations. At least ninety-nine per cent of Filipinas, for instance, are transvestinal, despite Philippines pretending to be a religious nation. Cont...
Point about service in Finland, geting religious exeption is limited to only few religions, also rewgionally if you have lived in Åland for at least 5 years prior to invitation (i recall it went like that) you are also exempt due to Ålands status as demilitarized. But option for Civilian Service exists to all, not only for religiou believes, you don't have to serve in military (which also includes unarmed service option) alternative if you are a dirty leech to the system with no intention to contribute you can go to jail for an year, no permanent record so it has ZERO efect in your life. Now the limit for men and voluntary women is between 18 and 28. So be old when you aply for citizenship... oh yeah we got unit for those who don't speak Finnish so don't think that's going to give you free pass. Also for migrant great way to get a bonding agent with natives. We love sharing army stories with one another.
Andrew, great vlog, ahhhhhhh might want to consider losing the sudden movements (zoom in/out) and the sound effects. This is not video a game and the people who watch your website likely do not play games often and are probably prone to vertigo - otherwise the editing is fine, audio is very good, everything else is looking good. We are here for the information. Period.
I think the delivery is great and the editing is perfect. If I didn’t like it, I would just move on instead of complain about free information, but that’s just me. Kept it up Andrew! 👏👏👏
The editing is not fine it's annoying. This is constructive feedback. Understand the purpose of each choice in editing. Every angle, lighting choice, transition, sound effect, Etc. should serve your narrative. The "playing with Adobe Rush" editing shouldn't distract viewers from substantive information.
My friends renounced their American citizenship because they had to pay US taxes while living for years in Australia. They were reluctant to but are glad they did considering the mess the States is in.
@@mrvwbug4423 Or that they're just fed up with dealing with unjustified time costs and filing fees just for the IRS to learn that no tax is actually owed to them
I'm very lucky to have triple Citizenship. I'm from Northern Ireland, so we are entitled to both British and Irish citizenship. I also just obtained my Canadian citizenship last year.
It’s unfortunate that your third citizenship is Canadian. Although I would have ensured that my third citizenship wasn’t another Crown corporation. Having all three citizenship’s under the British Crown still makes you as vulnerable as you were with your Irish citizenship alone.
@@eralecLook at the poster’s name. There’s a reason why for decades the wealthy have set up base in the UK as non tax residents. If you have money and not from a country the UK is sour with, it’s heavenly. If you are poor, find some place else, eg EU
America I can understand, But the UK and Canada? They are both stable democracies, with decent health care and relatively low crime rates. Both are actually nice places to live and work, unlike some of the countries being mentioned for a second passport. There are also a substantial number of former US citizens living in the UK who have renounced their original citizenship to become British citizens!
Spain = Citizenship based taxation and obligation to reveal any assets. Switzerland = various obligations that can become an annoyance and depending on age and other factors like sex, means once cannot simply stay away and come back without risk of even being "arrested" it's calle "Aufenthalstnachforschung" means evaluation of place of living or stay. (happened to me once, after that I startet to stick to the minimum obligations but they still ask way too many question each time they get a hold, i.e. passport renewals. Switzerland = mandatory military serves OR YOU PAY according to income, means extra tax or you have to provide certain civil services to compensate, either way, not as free as it seems on first glance, be aware.
One problem I see with obtaining spanish citizenship is that it only allows dual citizenship for people from former colonies, so beware if you're from a different place and want to get spanish passport...
Oh for gods sake!! Im 1:42 into the video and I have had enough!! Bells and whistles popping every second what kind of ADHD editor got their hands on the video?! the overproduction and overuse of video and sound effects is just ridiculous,
that's why I have hesitated from getting US citizenship. I'm looking to retired in couple of years and want to move overseas, don't want to keep paying taxes here.
I've long ago had the feeling that having a citizenship is becoming more and more a liability, not an asset. That's why I believe the best strategy is to live in another country different than your citizenship.
Different countries do not share information unless they have an agreement. You can earn a lot of money in another country and be considered a beggar in your own. This can be beneficial to some people. Why would you want to give information to a country the country has no means of finding out on its own?
I didn't notice anything until I came to the comments. What does bother me is the hang signers , I get an instant headache when they stand there waving their arms around. Far far too distracting and there is CC so you don't need hand signing.
Great video and there is 1 more thing= There are countries who do not allow dual citizenship. If you get their passport, you must give up your current one, which is not always recommended.
I have argentinean and European citizenship and I don't live there and I am not forced to pay any taxes to the argentinean government because only residens do. It's not like the USA. I have many American friends who are forced to pay taxes there even when they don't live in the USA. On top of that if I go there I can use their public health care, education, etc. Americans who live abroad get nothing from the country and pay taxes.
I'm surprised you didn't mention as a first problem: countries that don't allow you to have a second citizenship and therefore force you to give up your current one...
@@thisisobviouslynotmyrealnameyeah - it’s suck being stuck with only one (Austrian). Yeah our passport ain’t bad but still - it’s extremely complicated to get a second one. You need to prove to some government institution that you still bring value to Austria or at least need to show that there is still a very big need for you to keep the citizenship - like taking care of family (especially elderly people), business trips and work in and out of Austria with a homebase in one of its cities or you’ve got some obligation still to finish (military or public service). Literally so damn fd up.
On the Argentina part. People freak out when they hear that, but as he alluded to, the Argentinian government cannot tax their own citizens that live in their country. The government is way too weak to ever come after you for anything. And in that case, having it unable to be stripped it a perk as you always have a travel document/citizenship/place to go to and you cannot be fully cut off if you get into any trouble and the global system wants to shut you down. Food for thought.
@sirgalahad2 writes "government is way too weak to ever come after you for anything." We who lost friends in the dirty war bitterly disbelieve this. And coming after you with electronic fund transfers has been no trouble at all in recent years.
Of course it can.. That what Common Reporting Scheme is for, Argentina can request information on their citizens' foreign bank accounts anytime and they can use that information to audit tax returns etc. They are not doing it now on large scale but it would be foolish to assume Argentine government will remain weak forever.
Yo anyone who isn’t Argentinian this would sound insane but as a citizen this just made me laugh! We are unable to collect taxes from residents and the government doesn’t seem to interested to end this as half the countries economy is “informal”
@@carolina-ferrari Exactly. Almost everyone I know doesn't pay, uses cash, blue rate, etc. I have a hard time believing that if they cannot enforce within their own country to even half the population, how will they get those that leave and live elsewhere? Sure, if you are a high-profile billionaire they can dedicate specific resources to you perhaps, as can any country. But those people are not watching Nomad Capitalist. For 99.9% of viewers, the Argentinian government doesn't pose an issue to them. So all that's left is a decent travel document that cannot be taken from you. And it's got great weather, lovely culture, and even better people tied to it.
@@carolina-ferrari Because you are reading without understanding.. As someone considering immigration and naturalization in a country that prohibits renunciation, one needs to seriously consider the consequences for decades to come. Countries change, policies change and even fallen states like South Africa can have very aggressive tax regimes.
Andrew, it's been awhile since I have watched one of your videos. I've enjoyed many and found them informative. This video was difficult to watch because of the editing. You might want to have another look at it.
Holy moly please stop with the effects… I am blind and just listen to you… And the squeaking and bleeping noises in the middle of what you are saying… It is terrible. I really enjoy listening to you, you are interesting all on your own. You do not need any of that. I apologize, I could not listen through to the end, The sound effects were too distracting. Please consider going back to the way you were doing it before. Please forgive me if I have been rude. I appreciate your work very much, thank you for your insights!
Most Greek-Australian men know that they can be forced to do national service if they go back to Greece, even if they don't plan to stay there. Most accept it and do their duty, but I know one guy who can't go back for fear of being arrested. Doesn't matter how many passports you have if you can never go back to the country you were born in.
This isn’t true, I got exempt from doing military service, got my passport before 18 and visit Greece most years and never had a single problem. I have my exemption forms but because Greece isn’t my permanent home, they issued me with military conscription exemption which only ever kicks in when applying to renew my passport, they ask for this form. That is the only hiccup. I got my citizenship through my father and hold duel citizenship.
When Greece joined the EU, those hardline positions were dropped in favour of more progressive approaches to citizenship. Whilst conscription is mandatory for a Greek born person, conscription or forced conscription on duel citizenship people was dropped. At least in my case it was. It was a worry but never ever had a problem -at least not yet.
@@socialgadfly5305 Great - I'll let him know, but I dont know that it applies to someone his age, esp as he was born in Greece. His cousin seems adamant that he will be arrested if he ever goes back - a lot of history with those two.
@@arthurwatts1680 agh if he was born in Greece then yes it might be a problem. The whole point of issuing me with military conscription exemption was that I wasn’t Greek born and that I lived abroad.
I love your very informative videos but this recent style of editing is very distracting and detracts from the value you provide. The zoom in, additional text and sounds effects, and video overlays all really detriment my viewing. It would make sense for a short or a TikTok video but not for a long form UA-cam video of the length you tend to do. I don't mind the video overlays, but only if it adds value to the points you're doing. I very much appreciate your content and the services you provide! I might end up hiring you guys to help me get my citizenship by descent.
In Austria you can instead of serving for the military also do an Austrian Service Abroad. Its a program with closely works with the foreign ministry and lets you go around the world.
You can also leave the country early enough and take the advantage of the Austrian passport and skip any kind of service (I did that). I'm in Asia where I have my permanent visa already, however I still don't want to trade my Austrian passport for another citizenship, my kids have dual citizenships. I would never join a military service I'm not the tool of a government.
You can renounce argentine citizenship as long as you are not a native (AKA born in Argentina) or Argentino por opción (opted to be argentine, AKA, children born abroad of an argentine citizen) If you are naturalized argentine, you 'll need a lawyer to renounce it but is totally doable and also, naturalized argentines can LOSE their citizenship, is not common that a judge would follow that way as long as you are not a terrorist or a major treat but is legally possible. They not gonna take your citizenship away just for not paying taxes, but is important to know that IT IS POSSIBLE for a judge to take it out. Stop misinforming plz, in this regards there are differences between natives and naturalized that you never adress.
Canadians need to wake up and start protesting your government. Stop being so weak and start being more active.… fight for your country. I genuinely don’t understand the defeatist attitude among Canadians. You are still living in a democratic country where you have the freedom to criticise your government. I work with many Canadians and all they do is cry and complain about how bad Canada became but they are not willing to do ANYTHING to change it. Honestly I’m sorry but you deserve it. But hey maybe bring some more immigrants from muslim countries I’m sure it would help your society, economy and of course crime level!🙂
As an Argentine, I so knew we'd be on this list. However, taxes would be the least of my worries. The people who evade the most here are actually politicians and their lackeys and I assure you that isn't changing in the next 100 years. If there's something they're never going to do is to shoot themselves on the foot requesting such a thing as paying taxes from overseas. Moreover, our equivalent to the IRS is a joke. Still, I wouldn't recommend living here at all, which is required for citizenship 🤷
@@simonradowitzky4837 tell me more. I'm considering it. My wife is Argentinian so no problem legally immigrating. Banking worries me, though, since we'll depend on retirement income from usa.
And I'm sure the already rampant tax evasion is about to get 1000 times worse under Milei. Ancaps usually oppose any form of taxation on principle. He seems to want to turn Argentina into a tax haven.
@@olderandwiser127 what you should do is send money to yourself from the USA. And you will live like a king. I dont recommend having all your money in an Argentine bank. But the economy is getting better by the day.
One point you didn't mention about Turkey is that Turkish citizens are required to pay a tax in order to leave the country. You have to buy a sticker from the government and they put it in your passport and it is stamped when exiting.
The nice thing about US citizenship for me is that I always pay less income tax than otherwise as they have a bunch of tax treaties to stop double taxation, and since I’m not living in the US I don’t pay any state tax making it even cheaper.
I agree. I don’t get it. Im retired now and a US citizen. I’m not super rich but living pretty good. My fear is getting dual citizenship and getting hammered by Germany should I decide to live there or somewhere else in the EU.
@@TomBTerrificeverywhere else people only pay tax to the country that they live in, we don’t have to worry about it. It’s only a problem because you live in one of the only countries that tax its citizens no matter where you live, the USA (the other one is Eritrea).
@@TomBTerrific In your case, Portugal may be the ideal country to live in: The quality of life is quite high, the cost of living is rather low, it's the closest EU country to the US, and they give you 10 years of tax-vacation (non habitual resident scheme). The Portuguese language is more difficult than Spanish, but Portugues people usually speak far better English than the Spaniards.
Good but one thing you have to watch is they require you to pay 15% Self-employment tax (Social Security, FICA) on any earned income throughout the world. There are tax treaties to avoid double taxation on income, but just some countries have "Totalization treaties" with the US covering SS tax.
Just watched this and it has put me off having dual citizenship. I'm English living in France with a residence permit. If I had unlimited funds I would have a residence in Isle of Man and then I would just become a permanent tourist. Every country loves tourists.
A great add on to this video is a freebie with the list of countries that these apply to & what country don’t have any of those citizenship requirements
Dear Andrew, I usually like your videos and today I could not even get to the 2 minute mark. Please consider parting ways with the person in charge of editing this video. This style of editing is great for say a tik tok and a a causal conversation. However, for a serious conversation geared toward your target market of “7 and 8 figure entrepreneurs,” I find it distasteful, hard to watch, and unprofessional. Everyone with a skill has a niche and you would be doing a disservice to the editor by letting them to continue down this path of “Gen Z-ing” a “Gen-X and Boomer” conversation. Much obliged. A wealthy Entrepreneur
We appreciate you bringing this issue to our attention. Rest assured, all our current videos were prefilmed and are ahead of schedule. However, once we became aware of the problem, our editing team has been diligently working to rectify it. The upcoming videos being edited and uploaded have taken this music synchronization issue into consideration. We apologize for any inconvenience caused and thank you for your understanding. Stay tuned for the improved content.
@@nomadcapitalist thank you for your quick response in both words and actions. It speaks highly of your Market Positioning as the “Goody Two Shoes” of this space.
Who ever is your video editor needs to be let go, these cuts and jump zooms really distract from the overall presentation. Less is more. It felt like I had to have ADHD to watch the thing, clicked off before half way because the edits make it unwatchable. Pity I used to love your vids but whoever is editing them now is doing a horrible job. They are trying to be eye catchy but it feels more "busy" than anything else. Made for a stressful watch anyways. Hope you sort it out.
I wish there was something like a "world citizen". Like Spotify instead of buying the album. Maybe subject to ongoing crime checks, paying a tax centrally which then gets distributed to the countries that you spend time in. I know, I know. "That doesn't work because..." the world isn't ready for that. The age of global travel & communication has only just begun. We'll get there eventually.
There are currently only three nations which have citizenship based taxation. That is to say, a citizen of that country must file annual tax returns regardless of whether they have resided (and earned income) in that country in the twelve months prior to filing date. Those nations are the United States of America, the Peoples Republic of China and the State of Eritrea. Everywhere else taxation obligation is tied to residence rather than citizenship.
Job and security clearance: 5 eyes country. Nato country. G-20 country. Here is my trifecta of countries' citizenships. This basic analysis then has to be compared to freedom from tax and also freedom from Covid mandates. Interesting freedom from tax would be Sark, that I saw on your recent video. Best freedom from Covid mandates was UAE, where I spent many blissful holidays while the rest of the world was on rediculous lockdowns. So, no easy answer, but that's how I would structure my initial case analysis.
Technically false. US citizens living outside the US have the right to representation, and to vote. It's a PITA, but you can vote in US elections if you have US citizenship from wherever you are. Of course, some states don't like that... but... There are plenty of people taxed without representation -- people in the US without citizenship. They pay tax, and get no reps.
😮 Panama has a territorial taxing system. Taxes are paid only on income generated in Panama. We have CRS with US citizen and lots of complience, know your client and due dilligence regulations in place. We also have tax free zones, and visas to work in these tax free zones. Regarding citizenship it can be clasified as paper citizenship, although I tell clients over and over, you can't stay more than 2 years in a row outside. Citizenship requires getting a permament residence first, and then after a waiting time of 3 to 5 years, depending on the category you may be elegible in, you may apply for citizenship. There are tests to be approved, although all can be programmed at will. So our citizenship cant be "purchased", and definitelly is not a fast process, but I've done it and it is feasible.
It's always possible to have 2nd citinship without revealing that fact except upon need, i.e. I have Russian & Swiss Passports and only use the Russian one whenever it serves my purposes in certain places and/or in Russia itself to purchase real-estate or open bank accounts etc.
Interesting. I’m Canadian and considering Russian. Have you found any downsides or issues keeping the Russian as a simple “back pocket” kinda emergency passport?
@@4SGYou will mostly have problems with Russian passport in US/Canada/Nato allied countries. Rest of the world - South America, Africa Middle East, most of asia (probably excluding Japan) - no issues at all. It's still fairly good for travel. Ironically, the only discrimination I faced with Russian passport was in China. Chinese banks hate Russian pasports - I guess "friendship without limits" has limits after all. I had no problem opening a bank in Taiwan, although Taiwan officially sanctioned Russia.
@@4SG Russian citizenship will cause all sorts of problems in western countries, to being unable to obtain a visa, to potentially getting deported TO Russia by a Russia friendly country so you can be conscripted and sent to die in Ukraine.
As a Greek-Albanian (Greek mother, Albanian father) citizen living in Germany and being on track to become a German citizen, I will tell you that the only real advantage of a Greek passport (besides the right to vote in Greece etc) is the fact that it's an EU citizenship which entitles you access and specific privileges in the EU. Other than that, there are two serious disadvantages of the Greek nationality: national military service for men, and nationality-based taxation. As a Greek, you are required to pay taxes on your global income even when you liv abroad. You can apply for a transfer to the foreign residents directorate after a year of permanent residence abroad, which means that you are only taxed for the income you make in Greece itself, but the process is bureaucratic, takes time and requires permanent residence so you will owe Greek taxes.... on your foreign incomes. FYI: Greek tax rates are higher than in Germany. If you love Greece, then by all means apply for nationality if you are eligible. Just bear in mind that Greek nationality has a few disadvantages and obligations which you will have to fulfill, that other citizenships do not.
but the process is bureaucratic, takes time and requires permanent residence everywhere same. but many countries (all?) within EU give you tax exemption if you live/work abroad
AFAIK, US citizens here in Sweden have big difficulties getting bank accounts here due to the very large administrative burden and other problems US causes because of it.
US Citizens in Switzerland, too. Also Swiss residents of the US cannot easily get bank accounts in Switzerland. My mother gets AHV, Swiss Social Security that they send but cannot have it deposited in a Swiss account-even if she pays taxes on the income in the US. Giant mess.
Nomad there's something that I've been trying to figure out for a while and that is, what countries are best for the disabled to move out to? Laws in most countries are still pretty blurry at how they treat their disabled population and while not terrible it's not the bes either, but I can't still find a proper country or options to have in mind when wanting to move out.
I wonder what life is like to Maxima (current queen of Netherlands), she was born in Argentina (country that doesn't allow its citizens to renounce their citizenship) and is a royal of Netherlands (country that doesn't allow double citizenship from countries outside the EU)...complicated situation...
She has a diplomatic passport from Netherlands, you can't have two ordinary passports but diplomatic passport is separate from ordinary. P.S - I had both diplomatic and ordinary passports of my country for 27 years
@@apiklala Queen Elizabeth had no passport because, since U.K. passports sre issued by the monarch, requiring the monarch to have a passport seems redundant.
It seems the video editor has discovered the whoosh-woosh sound 🙄 Is he/she bored perhaps? Please just stop adding unneccesary sounds, music or video cuts. The content is already interesting enough, it does not need to be made more... 'dynamic'. We are not children. Just let the man talk.
3:55 I know several Americans who live in another country. As long as they file a tax return in the country they are living in they do NOT have to file an American income tax.
Sorry, but they are misinformed. You still have to file, even if you owe nothing. The FEIE reduces your overseas tax liability to the US by around $112K (increases by year), but anything you earn overseas above that, and the difference is double-taxed.
I have been living and working as a US citizen in Austria for over 20 years and have never had to pay US taxes. I do have to file us taxes, which can be annoying, and opening an Austrian bank account has become incredibly bureaucratic due to US laws. It's also a headache to invest euros here because everything has to go through the IRS. I've considered giving up my US citizenship because Austria doesn't allow dual citizenship. Renouncing US citizenship is also quite costly - 3-4k. Since i dont have sons, military service isnt an issue.
Dear editor we see what you’re trying to achieve (to grab attention) and that’s a good skill. But unfortunately the target audience for this channel is mature enough to watch the whole video and understand👍
It’s not about taxation anymore, it’s a case of will I be allowed access to my money. The Farage case is an indication of where governments are heading and that is now the priority not second passports.
Category 1: Syria Category 2: Syria of course. Category 3: Syria absolutely. Category 4: Syria definitely. Category 5: Syria beyond any doubt. PS. If you discover another 10 categories, I doubt it if there's any country worldwide who fits it all other than Syria.
Definitely not back to “normal” in the US. I had to renew my permanent resident card and get this. Due to the pandemic, they’re being 4 YEARS. No joke. I did get a letter saying that I’m ok for 48 months or until renewal. I’m also qualified for naturalization but I’m not sure if this is where I want to stay. Which brought me to this channel. I’m from Canada but I’m kind of over North America and the women here lol
Having Dutch citizenship is also one of the worst EU citizenships as they don't allow double citizenship (you're only allowed to have 2 EU citizenships, not a second citizenship from a country outside the EU unless you're married). That is insane for such an international culture. I met a Dutch Australian family. Their daughter wanted to study and live in the Netherlands. She only had Australian citizenship as the Dutch government didn't allow her to have Australian and Dutch citizenship. It became very complicated and expensive for her to live and study in the Netherlands even though she's of Dutch descent. One of her friends was an Irish Australian and she could study and live in the Netherlands without any issues as she could hold an Irish and Australian passport. This is beyond ridiculous!!!
Dual citizenship should not be allowed. Dual citizenship means dual loyalty or maybe no loyalty.
People should have one passport, one citizenship and one loyalty.
@@asmirann3636 Yea I agree. Multiple citizenships overcomplicate people's allegiance to a country and it effectively makes them look stateless in the eyes of the governments.
@@asmirann3636 I see your point. I think we differ. I am a world citizen, I am in a way loyal to the world and I'm not tied to one country. That said have an abundant day.
She could have declared to be Dutch citizen. Australia accepts dual citizenship so there will be no problem in Australia if she is also a Dutch citizen.
@@wavemaker2077 Australia accepts it, the Netherlands doesn't. If she'd take Dutch citizenship, she'd lose her Australian one
too much video editing/effects & camera changing too much, it is litteraly making me dizzy, other than that good video
It's cringe when they put letters in the screen and use that "hacked transmition effect".
The camera is kinda making sex, it goes foward and backward, foward and backward, spooning it's dizzy
I don't mind good video editing but you're right the zooming in and out makes it annoying.
Wow, I thought it's only my opinion, then saw your comment
I had to turn off my monitor and just listen to this video. 😖
Good thing, this is a talking head video. I just play it and let sound off. I too hate the overbearing editing. Editing sucks, message is amazing.
Renounced my US citizenship a few years ago and got the IRS of my back. Best thing I have ever done!
where do u live now?
Nothing but a pipe dream alas for millions of us still. Glad you escaped though.
Dumbest thing you have ever done. US citizenship is the only thing protecting you in WW3 and you gave it up for stupid IRS reasons.
idiot
Exactly, the IRS. Im not from US, but recently one of my friends who also isnt from US(doesnt have citizenship either) opened an US company for his online business and i told him he is crazy because of IRS. So many people are fighting to get out of it and you are just going to jump into that hellish tax system and probably trap yourself for god knows how much. Glad you got out!
This video is ADHD qualified ✔️
Wait, aren’t we all ADHD qualified by just being on YT?
@@kimberiysmarketstrategy Touché
Lol! 😂
What in the hell means ADHD?
@@NomeadoAttention Defecit Hyperactivity disorder
I identified myself as a resident of Mars, so I don’t have to pay taxes anymore in this planet
lol !
@@deank.4169 what a racist comment 😂…. (Being sarcastic with all the nonsense going on lately)
Lol 😂
Don't give any of these earthly governments any ideas!
Does it work?
As an Argentinean I can say that one thing is being citizen and another is having tax residency. If you don't live in Argentina for 12 months you are not required to pay taxes. Afterwards, you can visit for 90 days without gaining the tax residency back. So many people go to Uruguay for a year and then come back for periods of 3 months.
How is it for Uruguayans, I have also Uruguayan Citizenship, since I was born there, but I have also another Citizenship and have been living in that other country my whole life
Argentineans are subject to world income tax also and you cant exit this citinzeship
@@svetlanaerofeeva5661world income tax? I don't think so. After 180 days outside the country I'm not paying more taxes.
It's true though that you can't renounce your citizenship.
@@dotneko9059 true but just having the citizenship doesn't mean much if you're not living in Argentina....my brothers have not lived here in DECADES and they dont pay Argentinean taxes
As soon as you move abroad and notify the argentine embassy you've set your residency somewhere else, you become a foreigner and pay taxes as such in Argentina (only if you have profits in Argentina) and as a resident where you've chosen to live.
The moment someone decides to live in Argentina, no matter what citizenship he/she bares, and makes profit, thay will have to pay income tax and wealth tax (no double taxation if you have profits or wealth abroad). Argentine here myself with an expat brother.
I heard of a lady whom had a US citizenship . Her parents walked away from the US when she was 4 . She is now an entrepreneur with money in another country so Uncle Sam wants to tax her , even though she has nothing to do with the US . The only solution the US gave her was to renouce her ctizenship ... It would only cost her a few thousand dollars .
So the US doesn't tax by citizenship per se, it taxes by where the money was made, but you still need to report your income to the IRS and pay taxes on any money made in the US even if you aren't currently residing there. So if you're running a business that operates in several countries as a US expat you'll need to pay US taxes on any money made by the US part of your business
depends if the country made a tax deal with US like Portugal and few others.@@mrvwbug4423
If I recall corrctly, the US taxes all income no matter where it is made BUT you write off taxes paid to a foregin government to avoid doible taxation. Alot of kids born to parents who used to be in the US on student visas or working here, who then moved home, get a surprise when they become adults and the IRS reaches out to them for the taxes they arent currently paying. It’s not the kids fault but it is the law and it is their parents fault for not telling them.
@@KingRat71they don’t i have worked outside of the US for the better part of a decade. You are required to file taxes but first $120,000 cannot be taxed by the irs. I haven’t filed every year and it’s something that could be ignored in some circumstances.
@@KingRat71 What if they do not intend to visit the USA anytime and ignore those pesky letters from the IRS?
There is a lot of Russians and Ukrainians going to the Philippines lately because they can stay there for 3 years as tourists and just exit for 24 hours (Visa Run) Then return and start the process again for another 3 years. There’s also a community in other South East Asian countries. And Russians and Ukrainians living there are living in harmony as friends. P.S. The PH does not have any issues no matter what passport you have.
Interesting! Do you know the rules for other south east asian countries, and where?
I love the Philippines
Philippines is the country nomad capitalist should be focussed more on. Rapidly rising.
The exit permit system they have for foreigners who live there longer for two months sucks though. It can be a huge pain in the ass if immigration is in a bad mood.
@@kennethroth6757Mexico sucks compared to south East Asia.
Please, no more funny sound effects and zooming. It's a bit annoying. Besides that, great video, 100% agree
😂😂😂
Amen.
Well, being stuck with any citizenship is just awful. Nobody should ever be forced into it. It's like those governments owning you, no matter where you go.
Like slave by birth, except with a gold star
They owned you from the day your birth certificate was lodged.
who gave who the right to draw a line on the earth and then decide who can cross it ...just because a bunch of people gang up to call themselves a country by force doesn't make it right.
@@bepitan Amen! 👏🏻👏🏻
@@koala2464 Can't deny it, sadly, it's something more clear in countries where you have mandatory things like conscription. Thankfully most civilized countries allow you to forfeit your citizenship. Some might require you to be property of another state first, but having no passport is surely a problem (intentionally) as well as having no fixed residency anywhere (for tax purposes). You can't just be resident nowhere to avoid paying taxes anywhere if you have any income or investments. I understand why they do it, though. If you're wealthy enough it makes no sense to pay taxes where you can just afford using private out of pocket services. It's not like you'll receive the best care or education for free anywhere (good is not the best, if you're stuck with everybody else you're likely going to be another worker bee, I didn't escape it and so won't most people born outsider).
Polite request to Andrew - Please could you stop all this crazy editing. It distracts hugely from your excellent content and makes it impossible to watch without giving yourself a headache. Otherwise, the video would have been superb.
They finally took away the music, now they torture us with this, lol. He was better off without this crew apparently.😁
Thank you, just what I was thinking! I only made it to 3 minutes (which seemed like 30), it was making me nauseous.
No zooms, no sound effect. Just him and the camera are perfect
what is the purpose of having a new image every 1-3 seconds?? Unwatchable. Oh now I remember: that's the attention span of most Americans
His video editor just came down with Parkinson's Disease, give him a break.
I'm Italian, and my ex gf lives and works in US now. Italians are taxed according to residency. She changed her residency to US a couple of years back, this brings some benefits regarding embassy assistance privileges and such. You won't be taxed in Italy anymore, but you'll also lose your privileges as a citizen, such as universal healthcare (to some degree).Whenever she gets back to Italy, she has to apply for a termporary healthcare pass which lasts a set period of time. In order to get your privileges back, you'll need to transfer your residency back to Italy. Apart from this, personally i would avoid US citizenship.
why? I live in Europe and quite frankly, it's only worth it if you are low income / in poverty. Anyone who is able bodied and has any education would be better off in the US.
@@echochamber1234 I have that feeling too
@@echochamber1234 wait until you get old or needy otherwise. systems that work on solidarity are way less stressful and got your back.
@@echochamber1234 Switzerland > USA
@@E85stattElektro yes, but Switzerland is not your typical European country.
I was surprised that you didn’t include Canada in your assessment. There are huge red flags to consider when talking about a Canadian citizenship, and it’s only going to get worse!
What do you think will happen with regards to Canadian citizenship? Other then maybe possibly citizenship based taxation?
I've been here for 46 years agreed
Born and raised Canadian. I strongly recommend not coming to Canada. It's not the Canada that it used to be, nor the Canada that the government markets to the world
@nickpierson8317 💯 also born and raised
@@daryl9799 it's sad tbh. I'm leaving this year though God willing. It's becoming a modern world slaveship. True Dictatorship. I wish it was hyperbole. People used to be much friendlier. The cost of living is not worth it for 95% of people. Cheers Daryl. Good luck out there
Great video, it also works as a test for epilepsy.
Access to banking services is becoming as big an issue as expatriate taxation. Most Latin American countries will not allow you to open a local bank account without local income. It doesn't matter how much foreign income you have. Conversely, because of ever tightening KYC rules, US banks are closing the bank accounts of Americans and foreigners who can not declare their primary residence to be the US. The only option becomes an offshore banking jurisdiction but that is getting tougher too, as many stores refuse foreign credit cards and local banks charge excessive ATM fees on foreign cards, while imposing narrow daily withdrawal limits.
Have you tried a Revolut account or similar? They have a lot of different currencies available on their international account, certainly USD. Might be useful for you, depending on where you are.
Stephen as an example, what are your thoughts if you owned a home in Mexico & rented it out for income? Would that technically qualify as "local income" & would they let you open up a bank account? I'm assuming have duel citizenship would help this process right?
@@alexfrost5220 That would still count as a foreign credit card in most jurisdictions. Remember, the local ATM network is owned by a small group of local banks so anything that is not their own card is foreign to them. Their software may not recognize or process anything not issued by them or (more commonly), they will restrict withdrawals and charge high fees. The days of having a global Visa or Mastercard network, with the same privelages worldwide, are long gone.
@@SoulEternalPeaceWarrior77 Of course, every bank and every country has their own specific rules but across Latin America (generally) bank access is a difficult issue. I haven't tried opening a bank account in Mexico so can't speak from first hand experience but in Brazil, Argentina and Chile, they generally require you to be a minimum of a legal resident (and maybe a permanent resident) and to be able to demonstrate at least six months of local income. Given the large number of ex-pats in Mexico, there is a possibility that at least one of the local banks seek to provide banking services to foreigners but unless one of the ex-pat forums has some good advice, the only way is to walk into a bank and try to open an account.
In Finland, Norway, Sweden and Denmark you can avoid military service on religious and moral grounds. Finland is strict: religious grounds are examined by the court and moral grounds have an option of civilian service. If you're over 50, generally you don't have to do anything during a war unless it's your calling and passion and sweet things.
🐟 22. ILLEGITIMATE GOVERNANCES:
SOCIALISM (and its more extreme form, communism) is intrinsically evil, because it is based on the ideology of social and economic egalitarianism, which is both a theoretical and a practical impossibility. Equality exists solely in abstract concepts such as mathematics and arguably in the sub-atomic realm. Many proponents of socialism argue that it is purely an economic system and therefore independent of any particular form of governance. However, it is inconceivable that socialism/communism could be implemented on a nationwide scale without any form of government intervention. If a relatively small number of persons wish to unite in order to form a commune or worker-cooperative, that is their prerogative, but it could never work in a country with a large population, because there will always exist entrepreneurs desirous of engaging in wealth-building enterprises. Even a musician who composes a hit tune wants his song to succeed and earn him inordinate wealth.
Socialism reduces individual citizens to utilities, who, in practice, are used to support the ruling elite, who are invariably despotic scoundrels, and very far from ideal leaders (i.e. compassionate and righteous monarchs). Those citizens who display talent in business or the arts are either oppressed, or their gifts are coercively utilized by the corrupt state. Despite purporting to be a fair and equitable system of wealth distribution, those in leadership positions seem to live a far more luxurious lifestyle than the mass of menial workers. Wealth is effectively stolen from the rich. Most destructively, virtuous and holy teachings (“dharma”, in Sanskrit) are repressed by the irreligious and ILLEGITIMATE “government”.
The argument that some form of government WELFARE programme is essential to aid those who are unable to financially-support themselves for reasons beyond their control, is fallacious. A righteous ruler (i.e. a saintly monarch) will ensure the welfare of each and every citizen by encouraging private welfare. There is no need for a king to extort money from his subjects in order to feed and clothe the impoverished. Of course, in the highly-unlikely event that civilians are unwilling to help a person in dire straits, the king would step-in to assist that person, as one would expect from a patriarch (father of his people). The head of any nation ought to be the penultimate patriarch, not a selfish buffoon.
DEMOCRACY is almost as evil, because, just as the rabble favoured the murderous Barabbas over the good King Jesus, the ignorant masses will overwhelmingly vote for the candidate which promises to fulfil their inane desires, rather than one which will enforce the law, and promote a wholesome and just society. Read Chapter 12 for the most authoritative and concise exegesis of law, morality, and ethics, currently available.
Even in the miraculous scenario where the vast majority of the population are holy and righteous citizens, it is still immoral for them to vote for a seemingly-righteous leader. This is because that leader will not be, by definition, a king. As clearly and logically explicated in the previous chapter of this Holy Scripture, MONARCHY is the only lawful form of governance. If an elected ruler is truly righteous, he will not be able to condone the fact that the citizens are paying him to perform a job (which is a working-class role), and that an inordinate amount of time, money and resources are being wasted on political campaigning. Furthermore, an actual ruler does not wimpishly pander to voters - he takes power by (divinely-mandated) force, as one would expect from the penultimate alpha-male in society (the ultimate alpha-male being a priest).
The thought of children voting for who will be their parents or teachers, would seem utterly RIDICULOUS to the average person, yet most believe that they are qualified to choose their own ruler - they are most assuredly not. Just as a typical child fails to understand that a piece of sweet, juicy, healthy, delicious fruit is more beneficial for them than a cone of pus-infested, fattening, diabetes-inducing ice-cream, so too can the uneducated proletariat not understand that they are unqualified to choose their own leader, even after it is logically explained to them (as it is in this chapter, as well as in the previous chapter). And by “uneducated”, it is simply meant that they are misguided in the realities of life and in righteous living (“dharma”, in Sanskrit), not in facts and figures or in technical training. Intelligence doesn't necessarily correlate to wisdom. No socialist or democratic government will educate its citizens sufficiently well that the citizens have the knowledge of how to usurp their rule.
To put it frankly, democracy is rule by the “lowest common denominator”.
It should be obvious that ANARCHY can never ever succeed, because even the smallest possible social unit (the nuclear family) requires a dominator. Any family will fall-apart without a strict male household head. In fact, without the husband/father, there is no family, by definition. The English noun “husband” comes from the Old Norse word “hûsbôndi”, meaning “master of the house”.
The same paradigm applies to the extended family, which depends on a strong patriarchal figure (customarily, the eldest or most senior male). Likewise with clans, tribes, villages, towns, cities, and nations or countries.
Unfortunately, there are many otherwise-intelligent persons who honestly believe that an ENTIRE country can smoothly run without a leader in place. Any sane person can easily understand that even a nuclear family is unable to function properly without a head of the house, what to speak of a populous nation. The reason for anarchists' distrust of any kind of government is due to the corrupt nature of democratic governments, and the adulteration of the monarchy in recent centuries. However, if anarchists were to understand that most all so-called “kings/queens” in recent centuries were not even close to being true monarchs, they may change their stance on that inane “system”.
Most of the problems in human society are directly or indirectly attributable to this relatively modern phenomenon (non-monarchies), since it is the government’s role and sacred DUTY to enforce the law (see Chapter 12), and non-monarchical governments are themselves unlawful.
One of the many sinister characteristics of democracy, socialism, and other evil forms of governance, is the desire for their so-called “leaders” to control, or at least influence, the private lives of every single citizen (hence the term “Nanny State”). For example, in the wicked, decadent nations in which this holy scripture was composed, The Philippine Islands and The Southland (or “Australia”, as it is known in the Latin tongue), the DEMONIC governments try, and largely succeed, in controlling the rights of parents to properly raise, discipline and punish their children according to their own morals, compulsory vaccination of infants, enforcing feminist ideology, limiting legitimate powers an employer has over his servants, subsidizing animal agriculture, persecuting religious leaders (even to imprisonment and death, believe it or not. Personally, I have been jailed thrice for executing God’s perfect and pure will), and even trying to negatively influence what people eat and wear.
Not that a government shouldn’t control what its citizens wear in public, but it should ensure that they are MODESTLY dressed, according to the guidelines outlined in Chapter 28, which is hardly the case in Australia, the Philippines, and similar nations. At least ninety-nine per cent of Filipinas, for instance, are transvestinal, despite Philippines pretending to be a religious nation.
Cont...
Point about service in Finland, geting religious exeption is limited to only few religions, also rewgionally if you have lived in Åland for at least 5 years prior to invitation (i recall it went like that) you are also exempt due to Ålands status as demilitarized.
But option for Civilian Service exists to all, not only for religiou believes, you don't have to serve in military (which also includes unarmed service option) alternative if you are a dirty leech to the system with no intention to contribute you can go to jail for an year, no permanent record so it has ZERO efect in your life. Now the limit for men and voluntary women is between 18 and 28. So be old when you aply for citizenship... oh yeah we got unit for those who don't speak Finnish so don't think that's going to give you free pass. Also for migrant great way to get a bonding agent with natives. We love sharing army stories with one another.
@@Jaegerrants the criminal record for totalling is five years.
@@ReverendDr.ThomasWTF is this. I gotta test how easy it is to bait the religious bots
Huh? Doesn't only Finland have mandatory military service?
Andrew, great vlog, ahhhhhhh might want to consider losing the sudden movements (zoom in/out) and the sound effects. This is not video a game and the people who watch your website likely do not play games often and are probably prone to vertigo - otherwise the editing is fine, audio is very good, everything else is looking good. We are here for the information. Period.
I think the delivery is great and the editing is perfect. If I didn’t like it, I would just move on instead of complain about free information, but that’s just me. Kept it up Andrew! 👏👏👏
Agreed. It is not adding to the content and it is distracting.
The editing is not fine it's annoying. This is constructive feedback. Understand the purpose of each choice in editing. Every angle, lighting choice, transition, sound effect, Etc. should serve your narrative. The "playing with Adobe Rush" editing shouldn't distract viewers from substantive information.
Good info. Terrible editing. Please stop the zooms and sound effects. It's hard to watch.
this is the worst edited video I've seen in my entire life
Same here
It's funny how bad it is at least
My friends renounced their American citizenship because they had to pay US taxes while living for years in Australia. They were reluctant to but are glad they did considering the mess the States is in.
That means they were likely making their money in the US, or the US doesn't have a tax treaty with Australia.
Usa is doing might fine finance relative to other nations! I'll take usa citizenship anyday
@@mrvwbug4423 Or that they're just fed up with dealing with unjustified time costs and filing fees just for the IRS to learn that no tax is actually owed to them
It's a mess but nowhere near as bad a as Australia.
I'm very lucky to have triple Citizenship. I'm from Northern Ireland, so we are entitled to both British and Irish citizenship. I also just obtained my Canadian citizenship last year.
Congratulations.
It’s unfortunate that your third citizenship is Canadian. Although I would have ensured that my third citizenship wasn’t another Crown corporation. Having all three citizenship’s under the British Crown still makes you as vulnerable as you were with your Irish citizenship alone.
@@MsK-xm7vw don't be jealous lol
@@GraemeSurveillance Jealous! You’ve chosen citizenship in three different countries under the same WEF King!
I’m never jealous of stupidity!
😅😂🤣
Me too from Belfast, NI. I also have Canadian citizenship by descent from my parents and also possibly Hungarian from my mother.
As a foreigner I would avoid citizenship of 3 countries like a plague...1. America 2. UK 3. Canada
Add Australia to the list lol.
Why UK too? I am looking at it right now
@@eralecLook at the poster’s name. There’s a reason why for decades the wealthy have set up base in the UK as non tax residents. If you have money and not from a country the UK is sour with, it’s heavenly. If you are poor, find some place else, eg EU
America I can understand, But the UK and Canada? They are both stable democracies, with decent health care and relatively low crime rates. Both are actually nice places to live and work, unlike some of the countries being mentioned for a second passport. There are also a substantial number of former US citizens living in the UK who have renounced their original citizenship to become British citizens!
@@jschreiber6461 We are talking about citizenship :/
Spain = Citizenship based taxation and obligation to reveal any assets.
Switzerland = various obligations that can become an annoyance and depending on age and other factors like sex, means once cannot simply stay away and come back without risk of even being "arrested" it's calle "Aufenthalstnachforschung" means evaluation of place of living or stay. (happened to me once, after that I startet to stick to the minimum obligations but they still ask way too many question each time they get a hold, i.e. passport renewals.
Switzerland = mandatory military serves OR YOU PAY according to income, means extra tax or you have to provide certain civil services to compensate, either way, not as free as it seems on first glance, be aware.
Where did you get that nonsense about Spain. You just pulled it out of your culo, didn't you.
One problem I see with obtaining spanish citizenship is that it only allows dual citizenship for people from former colonies, so beware if you're from a different place and want to get spanish passport...
If you live abroad as a Swiss citizen (especially as an overseas Swiss) you have zero obligations or any additional questions asked.
I'm a dual citizen with Spanish citizenship and I don't have to file anything with Spain
Wow nice information thank u
Oh for gods sake!! Im 1:42 into the video and I have had enough!! Bells and whistles popping every second what kind of ADHD editor got their hands on the video?! the overproduction and overuse of video and sound effects is just ridiculous,
that's why I have hesitated from getting US citizenship. I'm looking to retired in couple of years and want to move overseas, don't want to keep paying taxes here.
You should fire your video editor. The last few videos have been a disaster - background music, too much unnecessary edits. Just no!
Agreed
I got an Argentinian passport after finishing university. I lost count how many times it saved my ass
How
How?
I studied in Argentina all 4 years and worked there for another and I qualified for citizenship (I’m American)
@@coticothebest did you speak Spanish at the time of starting your studies?
@@vsabadazh yes, its required. If you’re a foreigner you will have to take a Spanish proficiency test 👍🏻
I've long ago had the feeling that having a citizenship is becoming more and more a liability, not an asset. That's why I believe the best strategy is to live in another country different than your citizenship.
Good point.
Different countries do not share information unless they have an agreement. You can earn a lot of money in another country and be considered a beggar in your own. This can be beneficial to some people.
Why would you want to give information to a country the country has no means of finding out on its own?
OK, I agree with the other comments. The visuals hurt my eyes so much I clicked out after 30 seconds in.
I didn't notice anything until I came to the comments. What does bother me is the hang signers , I get an instant headache when they stand there waving their arms around. Far far too distracting and there is CC so you don't need hand signing.
The new video editing is a bit distracting. Might want to cut it back a little.
Less edits / transitions brother. Appreciate the content +
Thank you, Mike.
Great video and there is 1 more thing= There are countries who do not allow dual citizenship. If you get their passport, you must give up your current one, which is not always recommended.
It’s usually not enforced. You just have to say you renounced. They have no way to verify
Many countries do know and do inforce
Austria greeting here and enforcing as hell! You can get stuck with NO citizenship if found out.
I have argentinean and European citizenship and I don't live there and I am not forced to pay any taxes to the argentinean government because only residens do. It's not like the USA. I have many American friends who are forced to pay taxes there even when they don't live in the USA. On top of that if I go there I can use their public health care, education, etc. Americans who live abroad get nothing from the country and pay taxes.
Argentina sounds exactly like Russia.
True - US taxes people it definitely should leave alone.
I'm surprised you didn't mention as a first problem: countries that don't allow you to have a second citizenship and therefore force you to give up your current one...
like Austria and the Netherlands
@@thisisobviouslynotmyrealnameyeah - it’s suck being stuck with only one (Austrian). Yeah our passport ain’t bad but still - it’s extremely complicated to get a second one. You need to prove to some government institution that you still bring value to Austria or at least need to show that there is still a very big need for you to keep the citizenship - like taking care of family (especially elderly people), business trips and work in and out of Austria with a homebase in one of its cities or you’ve got some obligation still to finish (military or public service). Literally so damn fd up.
On the Argentina part. People freak out when they hear that, but as he alluded to, the Argentinian government cannot tax their own citizens that live in their country. The government is way too weak to ever come after you for anything. And in that case, having it unable to be stripped it a perk as you always have a travel document/citizenship/place to go to and you cannot be fully cut off if you get into any trouble and the global system wants to shut you down.
Food for thought.
@sirgalahad2 writes "government is way too weak to ever come after you for anything." We who lost friends in the dirty war bitterly disbelieve this. And coming after you with electronic fund transfers has been no trouble at all in recent years.
Of course it can.. That what Common Reporting Scheme is for, Argentina can request information on their citizens' foreign bank accounts anytime and they can use that information to audit tax returns etc. They are not doing it now on large scale but it would be foolish to assume Argentine government will remain weak forever.
Yo anyone who isn’t Argentinian this would sound insane but as a citizen this just made me laugh! We are unable to collect taxes from residents and the government doesn’t seem to interested to end this as half the countries economy is “informal”
@@carolina-ferrari Exactly. Almost everyone I know doesn't pay, uses cash, blue rate, etc. I have a hard time believing that if they cannot enforce within their own country to even half the population, how will they get those that leave and live elsewhere?
Sure, if you are a high-profile billionaire they can dedicate specific resources to you perhaps, as can any country. But those people are not watching Nomad Capitalist. For 99.9% of viewers, the Argentinian government doesn't pose an issue to them.
So all that's left is a decent travel document that cannot be taken from you. And it's got great weather, lovely culture, and even better people tied to it.
@@carolina-ferrari Because you are reading without understanding.. As someone considering immigration and naturalization in a country that prohibits renunciation, one needs to seriously consider the consequences for decades to come. Countries change, policies change and even fallen states like South Africa can have very aggressive tax regimes.
Andrew, it's been awhile since I have watched one of your videos. I've enjoyed many and found them informative. This video was difficult to watch because of the editing. You might want to have another look at it.
Editing is horrible
Holy moly please stop with the effects… I am blind and just listen to you… And the squeaking and bleeping noises in the middle of what you are saying… It is terrible. I really enjoy listening to you, you are interesting all on your own. You do not need any of that.
I apologize, I could not listen through to the end, The sound effects were too distracting. Please consider going back to the way you were doing it before. Please forgive me if I have been rude. I appreciate your work very much, thank you for your insights!
I don't know if it's just because im on the spectrum lol but the sound effects were really quite invasive and distracting.. Otherwise great vid.
Yeah it makes me sick 🤢 too
Good to see you, Andrew. Good information.
Hey, thanks
Most Greek-Australian men know that they can be forced to do national service if they go back to Greece, even if they don't plan to stay there. Most accept it and do their duty, but I know one guy who can't go back for fear of being arrested. Doesn't matter how many passports you have if you can never go back to the country you were born in.
I heard my hubby talking about that...his father was greek American (he passed away) but...he was carefuñ not to go back with his 2 sons.
This isn’t true, I got exempt from doing military service, got my passport before 18 and visit Greece most years and never had a single problem. I have my exemption forms but because Greece isn’t my permanent home, they issued me with military conscription exemption which only ever kicks in when applying to renew my passport, they ask for this form. That is the only hiccup. I got my citizenship through my father and hold duel citizenship.
When Greece joined the EU, those hardline positions were dropped in favour of more progressive approaches to citizenship. Whilst conscription is mandatory for a Greek born person, conscription or forced conscription on duel citizenship people was dropped. At least in my case it was. It was a worry but never ever had a problem -at least not yet.
@@socialgadfly5305 Great - I'll let him know, but I dont know that it applies to someone his age, esp as he was born in Greece. His cousin seems adamant that he will be arrested if he ever goes back - a lot of history with those two.
@@arthurwatts1680 agh if he was born in Greece then yes it might be a problem. The whole point of issuing me with military conscription exemption was that I wasn’t Greek born and that I lived abroad.
I love your very informative videos but this recent style of editing is very distracting and detracts from the value you provide. The zoom in, additional text and sounds effects, and video overlays all really detriment my viewing. It would make sense for a short or a TikTok video but not for a long form UA-cam video of the length you tend to do.
I don't mind the video overlays, but only if it adds value to the points you're doing.
I very much appreciate your content and the services you provide! I might end up hiring you guys to help me get my citizenship by descent.
In Austria you can instead of serving for the military also do an Austrian Service Abroad. Its a program with closely works with the foreign ministry and lets you go around the world.
Sounds cushy
Why would anyone not do that?
You can also leave the country early enough and take the advantage of the Austrian passport and skip any kind of service (I did that). I'm in Asia where I have my permanent visa already, however I still don't want to trade my Austrian passport for another citizenship, my kids have dual citizenships.
I would never join a military service I'm not the tool of a government.
Thanks for another great video Andrew. I'd prefer if your editor ditched all the new sound effects and camera angle changes, very distracting.
Thanks, Andrew. Keep them coming! ❤
You can renounce argentine citizenship as long as you are not a native (AKA born in Argentina) or Argentino por opción (opted to be argentine, AKA, children born abroad of an argentine citizen)
If you are naturalized argentine, you 'll need a lawyer to renounce it but is totally doable and also, naturalized argentines can LOSE their citizenship, is not common that a judge would follow that way as long as you are not a terrorist or a major treat but is legally possible. They not gonna take your citizenship away just for not paying taxes, but is important to know that IT IS POSSIBLE for a judge to take it out. Stop misinforming plz, in this regards there are differences between natives and naturalized that you never adress.
Avoid Canada until there is a new federal government.
The disaster has been made already too late.
Canada has tuned into a cesspool of woke liberal trash. I can’t wait to sell and leave.
Too late. We might have one more reasonable government, but that's it.
Canadians need to wake up and start protesting your government. Stop being so weak and start being more active.… fight for your country. I genuinely don’t understand the defeatist attitude among Canadians. You are still living in a democratic country where you have the freedom to criticise your government. I work with many Canadians and all they do is cry and complain about how bad Canada became but they are not willing to do ANYTHING to change it. Honestly I’m sorry but you deserve it. But hey maybe bring some more immigrants from muslim countries I’m sure it would help your society, economy and of course crime level!🙂
All good points, thank you.
The video effects are unnecessary and borderline nauseating.
I'm watching on 2X speed and had 3 seizures
In Turkey you can pay a fee to exempt yourself from mandatory military service
As an Argentine, I so knew we'd be on this list. However, taxes would be the least of my worries. The people who evade the most here are actually politicians and their lackeys and I assure you that isn't changing in the next 100 years. If there's something they're never going to do is to shoot themselves on the foot requesting such a thing as paying taxes from overseas. Moreover, our equivalent to the IRS is a joke. Still, I wouldn't recommend living here at all, which is required for citizenship 🤷
Oh please. This is an awsome country to live in.
@@simonradowitzky4837 tell me more. I'm considering it. My wife is Argentinian so no problem legally immigrating. Banking worries me, though, since we'll depend on retirement income from usa.
And I'm sure the already rampant tax evasion is about to get 1000 times worse under Milei. Ancaps usually oppose any form of taxation on principle. He seems to want to turn Argentina into a tax haven.
@@olderandwiser127 what you should do is send money to yourself from the USA. And you will live like a king. I dont recommend having all your money in an Argentine bank. But the economy is getting better by the day.
One point you didn't mention about Turkey is that Turkish citizens are required to pay a tax in order to leave the country. You have to buy a sticker from the government and they put it in your passport and it is stamped when exiting.
WTF is with all the editing and special effects man. It's overkill and completely unnecessary. Your videos were perfect before!
Agreed , quite annoying and distracting
The nice thing about US citizenship for me is that I always pay less income tax than otherwise as they have a bunch of tax treaties to stop double taxation, and since I’m not living in the US I don’t pay any state tax making it even cheaper.
I agree. I don’t get it. Im retired now and a US citizen. I’m not super rich but living pretty good. My fear is getting dual citizenship and getting hammered by Germany should I decide to live there or somewhere else in the EU.
@@TomBTerrificeverywhere else people only pay tax to the country that they live in, we don’t have to worry about it. It’s only a problem because you live in one of the only countries that tax its citizens no matter where you live, the USA (the other one is Eritrea).
@@TomBTerrific In your case, Portugal may be the ideal country to live in: The quality of life is quite high, the cost of living is rather low, it's the closest EU country to the US, and they give you 10 years of tax-vacation (non habitual resident scheme). The Portuguese language is more difficult than Spanish, but Portugues people usually speak far better English than the Spaniards.
US is the worst
Good but one thing you have to watch is they require you to pay 15% Self-employment tax (Social Security, FICA) on any earned income throughout the world. There are tax treaties to avoid double taxation on income, but just some countries have "Totalization treaties" with the US covering SS tax.
Just watched this and it has put me off having dual citizenship. I'm English living in France with a residence permit. If I had unlimited funds I would have a residence in Isle of Man and then I would just become a permanent tourist. Every country loves tourists.
Singapore. No jab no job. Will never forget. Singapore also has mandatory conscription at age 18
Singapore is a one party state with benevolent dictatorship
I love the content of your videos. You would do well to temper your glibness.
Thumbs down for music background. It distracts from your content and is annoying. Cant watch.
Strange, because I don’t hear any background music…just him talking.
A great add on to this video is a freebie with the list of countries that these apply to & what country don’t have any of those citizenship requirements
Dear Andrew,
I usually like your videos and today I could not even get to the 2 minute mark.
Please consider parting ways with the person in charge of editing this video.
This style of editing is great for say a tik tok and a a causal conversation.
However, for a serious conversation geared toward your target market of “7 and 8 figure entrepreneurs,” I find it distasteful, hard to watch, and unprofessional.
Everyone with a skill has a niche and you would be doing a disservice to the editor by letting them to continue down this path of “Gen Z-ing” a “Gen-X and Boomer” conversation.
Much obliged.
A wealthy Entrepreneur
We appreciate you bringing this issue to our attention. Rest assured, all our current videos were prefilmed and are ahead of schedule. However, once we became aware of the problem, our editing team has been diligently working to rectify it. The upcoming videos being edited and uploaded have taken this music synchronization issue into consideration. We apologize for any inconvenience caused and thank you for your understanding. Stay tuned for the improved content.
@@nomadcapitalist thank you for your quick response in both words and actions. It speaks highly of your Market Positioning as the “Goody Two Shoes” of this space.
Countries drafting your young to fight a war would be a citizenship to avoid.
I am Russian and a week ago I got an Israeli passport! I cannot tell you how much of freedom this one gave me!!!
Congratulations.
i’d give anything to get israeli citizenship! Congratulations!
Probably you were Jewish and not really Russian to begin with
@youknowkbbaby it is visa free with all western countries
@@imatveyzasipkin exactly. though these guys are khazars and neither russian nor true jewish
Thanks Andrew.
Who ever is your video editor needs to be let go, these cuts and jump zooms really distract from the overall presentation. Less is more. It felt like I had to have ADHD to watch the thing, clicked off before half way because the edits make it unwatchable. Pity I used to love your vids but whoever is editing them now is doing a horrible job. They are trying to be eye catchy but it feels more "busy" than anything else. Made for a stressful watch anyways. Hope you sort it out.
I wish there was something like a "world citizen". Like Spotify instead of buying the album. Maybe subject to ongoing crime checks, paying a tax centrally which then gets distributed to the countries that you spend time in.
I know, I know. "That doesn't work because..." the world isn't ready for that. The age of global travel & communication has only just begun. We'll get there eventually.
There are currently only three nations which have citizenship based taxation. That is to say, a citizen of that country must file annual tax returns regardless of whether they have resided (and earned income) in that country in the twelve months prior to filing date. Those nations are the United States of America, the Peoples Republic of China and the State of Eritrea. Everywhere else taxation obligation is tied to residence rather than citizenship.
Norway is also world wide taxation for 4 years after you leave
Job and security clearance: 5 eyes country. Nato country. G-20 country. Here is my trifecta of countries' citizenships. This basic analysis then has to be compared to freedom from tax and also freedom from Covid mandates. Interesting freedom from tax would be Sark, that I saw on your recent video. Best freedom from Covid mandates was UAE, where I spent many blissful holidays while the rest of the world was on rediculous lockdowns. So, no easy answer, but that's how I would structure my initial case analysis.
The flashy editing on this video is totally distracting.
What about Dutch dual citizenship by descent as a British citizen? Is it politically a bad move?
Do I have to pay to talk to you? Due to this potential combination, I think my plan could be insightful regarding triple citizenship?
This man has convinced me that moving abroad is the future
Me too!!!
You're amazing man
Good info, someone's just found the editing options board 😂
I have dual citizenship: EU (Polish) and United Kingdom of Great Britain and Northern Ireland. I think it is a great combination.
Both countries tax every drop of blood out of you 😅
I can’t watch this. It’s like a video game.
Appreciate it, Andrew!
I would love to migrate to the US of 1900, when there was freedom and money was real money. I need a time machine.
I like your videos.
Freedom??? Black people and people of colour were not free in 1900 😒
It's fun how "No Taxation Without Representation" is totally forgotten when U.S. Citizens live outside the U.S. Double standards?
Technically false. US citizens living outside the US have the right to representation, and to vote. It's a PITA, but you can vote in US elections if you have US citizenship from wherever you are. Of course, some states don't like that... but... There are plenty of people taxed without representation -- people in the US without citizenship. They pay tax, and get no reps.
😮 Panama has a territorial taxing system. Taxes are paid only on income generated in Panama. We have CRS with US citizen and lots of complience, know your client and due dilligence regulations in place. We also have tax free zones, and visas to work in these tax free zones. Regarding citizenship it can be clasified as paper citizenship, although I tell clients over and over, you can't stay more than 2 years in a row outside. Citizenship requires getting a permament residence first, and then after a waiting time of 3 to 5 years, depending on the category you may be elegible in, you may apply for citizenship. There are tests to be approved, although all can be programmed at will. So our citizenship cant be "purchased", and definitelly is not a fast process, but I've done it and it is feasible.
I'm from Argentina. Evading taxes and non compilance is a national sport, and that's assuming you live here. If you don't then just... lol
One of the most charming attributes of people form Argentina. They are beautiful like Italians with a bit of the gangster in them.
@@mtngrl5859 everybody gangsta till a random motorcicle starts getting near you
Try dropping sound effects in the body of the message to avoid unnecessary distractions.
It's always possible to have 2nd citinship without revealing that fact except upon need, i.e. I have Russian & Swiss Passports and only use the Russian one whenever it serves my purposes in certain places and/or in Russia itself to purchase real-estate or open bank accounts etc.
do Swiss technically not allow dual citizenship?
Interesting. I’m Canadian and considering Russian. Have you found any downsides or issues keeping the Russian as a simple “back pocket” kinda emergency passport?
@@drholmes1003 switzerland allows dual citizenship without any restrictions.
@@4SGYou will mostly have problems with Russian passport in US/Canada/Nato allied countries. Rest of the world - South America, Africa Middle East, most of asia (probably excluding Japan) - no issues at all. It's still fairly good for travel. Ironically, the only discrimination I faced with Russian passport was in China. Chinese banks hate Russian pasports - I guess "friendship without limits" has limits after all. I had no problem opening a bank in Taiwan, although Taiwan officially sanctioned Russia.
@@4SG Russian citizenship will cause all sorts of problems in western countries, to being unable to obtain a visa, to potentially getting deported TO Russia by a Russia friendly country so you can be conscripted and sent to die in Ukraine.
Bro when I saw that cow on how the gov sees us. 🤣🤣🤣🤣🤣🤣
As a Greek-Albanian (Greek mother, Albanian father) citizen living in Germany and being on track to become a German citizen, I will tell you that the only real advantage of a Greek passport (besides the right to vote in Greece etc) is the fact that it's an EU citizenship which entitles you access and specific privileges in the EU. Other than that, there are two serious disadvantages of the Greek nationality: national military service for men, and nationality-based taxation. As a Greek, you are required to pay taxes on your global income even when you liv abroad. You can apply for a transfer to the foreign residents directorate after a year of permanent residence abroad, which means that you are only taxed for the income you make in Greece itself, but the process is bureaucratic, takes time and requires permanent residence so you will owe Greek taxes.... on your foreign incomes. FYI: Greek tax rates are higher than in Germany.
If you love Greece, then by all means apply for nationality if you are eligible. Just bear in mind that Greek nationality has a few disadvantages and obligations which you will have to fulfill, that other citizenships do not.
but the process is bureaucratic, takes time and requires permanent residence
everywhere same. but many countries (all?) within EU give you tax exemption if you live/work abroad
You channel has very interesting content. The explanations are very clear. Thank you for your work.
Thank you! 😊
AFAIK, US citizens here in Sweden have big difficulties getting bank accounts here due to the very large administrative burden and other problems US causes because of it.
US Citizens in Switzerland, too. Also Swiss residents of the US cannot easily get bank accounts in Switzerland. My mother gets AHV, Swiss Social Security that they send but cannot have it deposited in a Swiss account-even if she pays taxes on the income in the US. Giant mess.
probably in any country that "cooperates" with the states
Another example of why having US Citizenship is a humiliation
So my only and one Brazilian citizenship is quite Ok... Nice to know it.
Neither Norway or Sweden have mandatory military service. It is voluntary.
Nomad there's something that I've been trying to figure out for a while and that is, what countries are best for the disabled to move out to? Laws in most countries are still pretty blurry at how they treat their disabled population and while not terrible it's not the bes either, but I can't still find a proper country or options to have in mind when wanting to move out.
👍 and service dog laws also!! 🐶
I wonder what life is like to Maxima (current queen of Netherlands), she was born in Argentina (country that doesn't allow its citizens to renounce their citizenship) and is a royal of Netherlands (country that doesn't allow double citizenship from countries outside the EU)...complicated situation...
Who cares about that. She is the queen of Netherlands, lol.
Besides, she will be okay, she is the darling of WEF :) Just like Macron, Trudeau....
She has a diplomatic passport from Netherlands, you can't have two ordinary passports but diplomatic passport is separate from ordinary.
P.S - I had both diplomatic and ordinary passports of my country for 27 years
The rules that apply to everyone else, don't necessarily apply to royals.
@@apiklala Queen Elizabeth had no passport because, since U.K. passports sre issued by the monarch, requiring the monarch to have a passport seems redundant.
@@MrUntapishtim Exactly!
Interesting and relevant post, thanks a lot!
Glad you enjoyed it!
It seems the video editor has discovered the whoosh-woosh sound 🙄 Is he/she bored perhaps? Please just stop adding unneccesary sounds, music or video cuts. The content is already interesting enough, it does not need to be made more... 'dynamic'. We are not children. Just let the man talk.
3:55 I know several Americans who live in another country. As long as they file a tax return in the country they are living in they do NOT have to file an American income tax.
Sorry, but they are misinformed. You still have to file, even if you owe nothing. The FEIE reduces your overseas tax liability to the US by around $112K (increases by year), but anything you earn overseas above that, and the difference is double-taxed.
I love your content but respectfully, the new editing style was a bit much for me. No disrespect intended; just hoping to leave a helpful comment.
I have been living and working as a US citizen in Austria for over 20 years and have never had to pay US taxes. I do have to file us taxes, which can be annoying, and opening an Austrian bank account has become incredibly bureaucratic due to US laws. It's also a headache to invest euros here because everything has to go through the IRS.
I've considered giving up my US citizenship because Austria doesn't allow dual citizenship. Renouncing US citizenship is also quite costly - 3-4k. Since i dont have sons, military service isnt an issue.
Dear editor we see what you’re trying to achieve (to grab attention) and that’s a good skill. But unfortunately the target audience for this channel is mature enough to watch the whole video and understand👍
Except they don't. 😊
@@nomadcapitalist Sure...they don't. Because of this ridiculous editing.
That's a very condescending attitude to have about your audience, Nomad Capitalist. Very unfortunate.
@@nomadcapitalist You're talking about citizenship and taxes, not nuclear physics. Get over yourself.
Can you do a video of a list, you have American citizenship which other countries citizenship/passport you can have.
It’s not about taxation anymore, it’s a case of will I be allowed access to my money. The Farage case is an indication of where governments are heading and that is now the priority not second passports.
AUKUS countries are done.
Absolutely fantastic content will be reaching out.
Happy to help.
These are the 5 citizenships to avoid: 🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲
@@svensulzmann4282 and pay a ton of taxes and be followed around the globe to pay tax. Cmon dude... live your life
Those of us who were born in the wrong part of the world strongly disagree with your statement.
Cheers
@@bjojosimpson Until you realize the grass is not always greener on the other side
You forgot Australia.
@@imperialkhmer6146 You haven’t been in my grass I can tell you that. But I appreciate your comment because it carries truth to it.
Category 1: Syria
Category 2: Syria of course.
Category 3: Syria absolutely.
Category 4: Syria definitely.
Category 5: Syria beyond any doubt.
PS. If you discover another 10 categories, I doubt it if there's any country worldwide who fits it all other than Syria.
Andrew, what’s with the changes to your videos? First the bad background music and now all this equally horrible video editing! Stop already!
Definitely not back to “normal” in the US. I had to renew my permanent resident card and get this. Due to the pandemic, they’re being 4 YEARS. No joke. I did get a letter saying that I’m ok for 48 months or until renewal. I’m also qualified for naturalization but I’m not sure if this is where I want to stay. Which brought me to this channel. I’m from Canada but I’m kind of over North America and the women here lol