Please do a video on the hidden risks of the USA allowing duel citizenship. If you’ve never served, you may need to study it for a while. If you have, then you know already.
Makes sense. A good way to think about it is EVERY citizenship is a citizenship by investment. It’s just: what (and with whom) are you investing? Rudimentary numbers but: if you have $100k sitting around, then you’re probably earning more than that a year, then you’re probably getting taxed 30%, then if you wait 3 years for naturalization, that just cost you $90k for a ‘maybe’. Would you rather pay 90k for a “maybe” later, or 100k for a “yes” right now?
Wow, this is word for word what I said to my dad when he asked me why I was so eager to acquire EU citizenship. I applied the day I was eligible, exactly 5 years of residency. I actually experienced 1 law proposition being voted down by ONE VOTE. That law would have made naturalization possible after 7 years instead of 5 (though there was a clause for people who were already a resident to be included in the old law but still that's risky). As of last week I have EU citizenship!
@@cr6129 The requirements were straightforward but waiting 12 months was agonizing. I took a B1 language test to be exempt form stupid cultural exams. I had to pay around 1k EUR in total for the language test and naturalization application. I also read everything there was to read on the internet so things went mostly as expected. The difficult part is moving to an EU country and getting residency and work permit, if you have those then you usually just need to fulfill residency and language requirements.
Great video. This matches my idea of it too, and I like the introduction of the concept of beta. Everyone's seeking alpha, but how about accounting for beta? Good stuff.
I went through the Panama friendly nation process and my advisor (who is also American) was upfront that citizenship was difficult. Though citizenship was not an objective for me. He was upfront echoing your sentiments. I do have the cedula which is everything short of the passport. I think if I pursued that it would be gravy. But my feeling is that you would need to spend significant amount of time there not the “ bare minimum” to get citizenship. I am reading your book and it is terrific.
Yeah but doesn't that apply to island passports as well ? like st kits losing the Canada visa free previlege ? I mean if I go now and spend money to get a st lucia passport, then in couple years the EU suddenly requires a visa for st lucia citizens, that will make my very expensive passport worthless ..
Do you still email out new articles every few days/week ? I haven’t received any in a long time. I had trouble with it in the past too (had to resubscribe) Your newsletter emailer company might not be working properly
Why be afraid? I am not. Just looking for a way I can move on from where I am now!+ Thank you for being for real 110%. We watch all your videos. Looking for more #Freedom than where I am now!
It took me almost a year to claim my Polish citizenship. It's funny you bring it up because it was such an annoying progress. Unless you are calling or regularly emailing the voivodeship office processing your application for regular updates (In Polish), they will take forever to get around to it. You almost have to demand that they move along with the process.....
Hi Andrew..! It’s been great to watch you always. Only concern regarding Caribbean is that if one invest more then roughly 150k, and in future 2,3,or 5 years time Schengen area which is the main attraction in these passports they cancel their treaty due to any reason, as they are selling on donations, if any of these or even any other major countries which have currently visa free access with Caribbean passports then what will be the worth of these passport will be ??! As you say laws can be changed anytime .... Please do comment..!! Thanks
I thought of it too, but The chance for Schengen to cancel the visa free privilege of Caribbean CBI passports is very low. The reason why these passports are gaining more and more visa free recognition from various countries,it is because the travelers on these passports are most likely CBI citizen, they are high networth individuals who have no need to over stay their status in any regions/countries for illegal works purpose,,hence,holding a Caribbean passport is a symbol of wealth,which’s enough to convinces many countries to offer visa free to these holders. Exception is like Canada,because this country is wanting people to immigrate there rather than wanting people to take a vocation there,hence,they cancel the visa free access of Antigua and various Caribbean passports. When you can easily enter into Canada for a vocation,you don’t find it difficult to enter it, then you may not find a strong reason to thinks of moving there. But if it is hard for you to get in, you may feel like wanting to find a status to make you “permanent “ in there. Canada is just a silly country,no need to take it under consideration. You knows, diplomatic answer has to be different from the real reason, when Canada cancel the visa free privileges of Antigua, they said it is because Antigua doesn’t requires CBI individuals to fulfill a residency requirement there. Bullshit as it can sound,how does that really make a differences at all? Caribbean passport is the future, cuz it set you free. Stay away from silly countries like Canada, then you can enjoy your travel privileges, for more and more to come. Just keep tracking the Wikipedia page of “visa requirements” for these CBI passports, month by month the many countries and territories are lifting up their restrictions to these passports.
Hi , I’m a dual citizen , sold my house in US, with $250,000 from the sale, I’ll use that for my living expenses until I start using my Roth accounts in 5 -8 years, SSS when I turn 67. I’m 55. I stay/ live mostly abroad , visits US yearly , living low key. I have US address thru my daughter. Next year will be my first year not to file income tax as my husband and I don’t work at all so no income.Any advice?
Let’s assume for some people, Panama citizenship is a fairly immediate possibility. The risk of waiting aside...What is the beta of actually GETTING it-of actually becoming a Panamanian?
I do not advise to you the U.S because you will have to pay taxes on your incomes ANYWHERE they generate form and you have to apply every year a certain format for U.S taxes in case you live abroad and moreover you may not be able to open a bank account outside the U.S. So I'll suggest you the U.K, even thought it is going out the EU.
@@Gamabunta24345I lived in Canada 23 years, it is hilariously true. Most provinces at or above 50% federal/provincial before even counting CPP/EI. I assume a majority of the audience of this channel is in the top Canadian tax bracket (only $150k/yr US).
Leo Ramos I went the friendly nation route in Panama for reasons specific to my situation. I recommend Panamá as a place. I enjoy it there and it meets my specific objectives. But as Andrew states all these things depend on your situation. I am not pursuing a passport there, but if you are seeking a passport as your main goal, he seems to be suggesting there might be better options.
Hi Andrew, may I ask what are your thoughts about the inherent risks of the Express Entry program of Canada for skilled immigrants? My family and I are moving there next year and we’re supposed to get our citizenships after 3 years of living there.
@c h Free healthcare and cheaper higher education, though still not as cheap as Europe. In America we're sold the idea that it's better to pay lower taxes and just finance your healthcare and kids' college yourself. In most of the developed world they're sold that it's better to pay more in taxes but have those things provided for you at no extra cost. To each their own.
@@consciouscrypto3090 "Free" healthcare paid for by >50% tax. The healthcare is horrible as well, wait times are long and quality is poor. Education is mediocre.
As someone born and raised in western Canada, I would say it's a good move if you want to 'move up' so to speak, ie you come from/have citizenship in a non-western, 'developing' country and want to nab a Canadian passport. However, if this is what you have in mind, and you have the means, I think the States would be better, since you have so many more options in regards to where you live, as well as access to certain financial services that are not as easily or readily available in Canada. For example, if you're into trading crypto, it's so much more straightforward to do things in USD using American-based services, rather than doing things in CAD. Not to mention also that the Canadian dollar is WEAK compared to the greenback. Two guys might be doing the exact same kind of work in Toronto and New York, earning 100k a year. "I make 100k a year!" They may boast. Nah man, the guy in the States is making 100k a year... before taxes. The Canadian is only pulling in about 75k a year... before taxes.
Sebastian Castillo yeah but if you're a Canadian citizen you trade on the New York stock market, and if you're an American citizen you trade on the Toronto Stock market. That way either person is only taxed a maximum of 20% for the worldwide income. In Canada you'd be taxed over 53% in the US it would be 40% plus state tax. It wouldn't really make any sense for Canadian citizen to trade on the Toronto market or for an American citizen to trade on the New York market. Why not trade in the other countries market especially considering we're in the same time zone
I was born in Cuba and I have Spanish nationality because my grandmother was Spanish by birth and since 2014 I live in the United States and obtained American nationality last month.
@@rodandlucy3197 The USA And Spain are still relevant but I don't think the Cuban one is still seen as legitimate according to the Cuban government and American government.
@@chico305SIGMA whatever if you born in Cuba you will need a cuban passport for go to Cuba. The Cuban governet only care the money that you need pay for it.
I could help most people get a job abroad that want one, but the revenue is limited. There are opportunities for just about any skill in many other countries though. Simply speaking English, not even at a native fluency level is enough of a skill to get hired in many countries.
I love that Andrew comes up with such highly relevant video topics which are fresh and super informative. Great channel.
Switzerland reduced the time for naturalization from 12 to 10 years
Please do a video on the hidden risks of the USA allowing duel citizenship. If you’ve never served, you may need to study it for a while. If you have, then you know already.
Good points. A lot can happen in the space of a couple of years - this is particularly apparent after 2020!
No free lunch, you get what you pay for. The more things change, the more they stay the same. Excellent vid.
Great Video as always and you are spot on with Panama.
Makes sense. A good way to think about it is EVERY citizenship is a citizenship by investment. It’s just: what (and with whom) are you investing?
Rudimentary numbers but: if you have $100k sitting around, then you’re probably earning more than that a year, then you’re probably getting taxed 30%, then if you wait 3 years for naturalization, that just cost you $90k for a ‘maybe’.
Would you rather pay 90k for a “maybe” later, or 100k for a “yes” right now?
Big risks of a second passport are wealth taxes and renunciation rules
Outstanding video. 5 years for the right to apply is a big risk
Wow, this is word for word what I said to my dad when he asked me why I was so eager to acquire EU citizenship. I applied the day I was eligible, exactly 5 years of residency. I actually experienced 1 law proposition being voted down by ONE VOTE. That law would have made naturalization possible after 7 years instead of 5 (though there was a clause for people who were already a resident to be included in the old law but still that's risky). As of last week I have EU citizenship!
Congrats! Was the process easy to get it? Did you have to prove a lot of things and pass a language test?
@@cr6129 The requirements were straightforward but waiting 12 months was agonizing. I took a B1 language test to be exempt form stupid cultural exams.
I had to pay around 1k EUR in total for the language test and naturalization application. I also read everything there was to read on the internet so things went mostly as expected. The difficult part is moving to an EU country and getting residency and work permit, if you have those then you usually just need to fulfill residency and language requirements.
May i ask which European country?
This is a serious subject. But we need to have words about that t-shirt Andrew.
It’s called “style”
His wife dresses him 👗 👛
Great video. This matches my idea of it too, and I like the introduction of the concept of beta. Everyone's seeking alpha, but how about accounting for beta? Good stuff.
2:27 "Good" countries with "good" passports. That cracked me up a bit.
Great video
As a recovering car salesman you bring to mind the add... all credit apps accepted!
I went through the Panama friendly nation process and my advisor (who is also American) was upfront that citizenship was difficult. Though citizenship was not an objective for me. He was upfront echoing your sentiments. I do have the cedula which is everything short of the passport. I think if I pursued that it would be gravy. But my feeling is that you would need to spend significant amount of time there not the “ bare minimum” to get citizenship. I am reading your book and it is terrific.
Happy to hear that, Doug.
Yeah but doesn't that apply to island passports as well ? like st kits losing the Canada visa free previlege ? I mean if I go now and spend money to get a st lucia passport, then in couple years the EU suddenly requires a visa for st lucia citizens, that will make my very expensive passport worthless ..
I just want to get an Israeli passport so I can pose as an art student while traveling the world, spying on people and controlling Congress.
Lmao
Do you still email out new articles every few days/week ? I haven’t received any in a long time. I had trouble with it in the past too (had to resubscribe) Your newsletter emailer company might not be working properly
I have a second citizenship, it was hard as hell
May you tell us which was your second one you acquired?
Currently have 3 citizenships and will have a 4th one if all stays on course in a couple years.
Which ones do you have?
@@MichaelSmith-gd4gv Russian, Israeli, Canadian.
@@MichaelSmith-gd4gvyes please do share
@Mojito Honestly i dont know. I got it because both my parents were born there.
Why be afraid? I am not. Just looking for a way I can move on from where I am now!+
Thank you for being for real 110%. We watch all your videos. Looking for more #Freedom than where I am now!
It took me almost a year to claim my Polish citizenship. It's funny you bring it up because it was such an annoying progress. Unless you are calling or regularly emailing the voivodeship office processing your application for regular updates (In Polish), they will take forever to get around to it. You almost have to demand that they move along with the process.....
Very true. Congrats on the citizenship.
Unless it's a Toyota or a Lexus Andrew!
I just want it bc I dont wanna pay taxes to the USA...specially since imma run my business abroad
100% agree.....
Hi Andrew..! It’s been great to watch you always. Only concern regarding Caribbean is that if one invest more then roughly 150k, and in future 2,3,or 5 years time Schengen area which is the main attraction in these passports they cancel their treaty due to any reason, as they are selling on donations, if any of these or even any other major countries which have currently visa free access with Caribbean passports then what will be the worth of these passport will be ??! As you say laws can be changed anytime ....
Please do comment..!! Thanks
I thought of it too, but The chance for Schengen to cancel the visa free privilege of Caribbean CBI passports is very low. The reason why these passports are gaining more and more visa free recognition from various countries,it is because the travelers on these passports are most likely CBI citizen, they are high networth individuals who have no need to over stay their status in any regions/countries for illegal works purpose,,hence,holding a Caribbean passport is a symbol of wealth,which’s enough to convinces many countries to offer visa free to these holders.
Exception is like Canada,because this country is wanting people to immigrate there rather than wanting people to take a vocation there,hence,they cancel the visa free access of Antigua and various Caribbean passports.
When you can easily enter into Canada for a vocation,you don’t find it difficult to enter it, then you may not find a strong reason to thinks of moving there. But if it is hard for you to get in, you may feel like wanting to find a status to make you “permanent “ in there.
Canada is just a silly country,no need to take it under consideration.
You knows, diplomatic answer has to be different from the real reason, when Canada cancel the visa free privileges of Antigua, they said it is because Antigua doesn’t requires CBI individuals to fulfill a residency requirement there. Bullshit as it can sound,how does that really make a differences at all?
Caribbean passport is the future, cuz it set you free. Stay away from silly countries like Canada, then you can enjoy your travel privileges, for more and more to come. Just keep tracking the Wikipedia page of “visa requirements” for these CBI passports, month by month the many countries and territories are lifting up their restrictions to these passports.
Can you do a video on Serbian citizenship?
Hi Andrew. I have an Asian passport. And I love to travel.please give me an advice.
Eat Asian food
Hi , I’m a dual citizen , sold my house in US, with $250,000 from the sale, I’ll use that for my living expenses until I start using my Roth accounts in 5 -8 years, SSS when I turn 67. I’m 55. I stay/ live mostly abroad , visits US yearly , living low key. I have US address thru my daughter. Next year will be my first year not to file income tax as my husband and I don’t work at all so no income.Any advice?
What if u don't make it to 67
I can't live like that. I could die tomorrow. I risk everything 👍 💪
Let’s assume for some people, Panama citizenship is a fairly immediate possibility. The risk of waiting aside...What is the beta of actually GETTING it-of actually becoming a Panamanian?
Citizenship by by my grandparents what is a reliable source to check that will that will be honored or accepted by countries like Ireland 🇮🇪 & UK 🇬🇧
Hi.
I would like to have another passport from a country that speaks English , what do you suggest for me and what's your advice.
Thank you
I do not advise to you the U.S because you will have to pay taxes on your incomes ANYWHERE they generate form and you have to apply every year a certain format for U.S taxes in case you live abroad and moreover you may not be able to open a bank account outside the U.S. So I'll suggest you the U.K, even thought it is going out the EU.
What happens if the second country goes to war with the first?
So begins the war within!
Andrew, do you think is worth it to live in Panama, aiming to get a 2nd Passport?
No.
@@Gamabunta24345 Canada? You'd be paying over 50% tax.
@@Gamabunta24345I lived in Canada 23 years, it is hilariously true. Most provinces at or above 50% federal/provincial before even counting CPP/EI. I assume a majority of the audience of this channel is in the top Canadian tax bracket (only $150k/yr US).
Leo Ramos I went the friendly nation route in Panama for reasons specific to my situation. I recommend Panamá as a place. I enjoy it there and it meets my specific objectives. But as Andrew states all these things depend on your situation. I am not pursuing a passport there, but if you are seeking a passport as your main goal, he seems to be suggesting there might be better options.
Hi Andrew, may I ask what are your thoughts about the inherent risks of the Express Entry program of Canada for skilled immigrants? My family and I are moving there next year and we’re supposed to get our citizenships after 3 years of living there.
@c h Free healthcare and cheaper higher education, though still not as cheap as Europe. In America we're sold the idea that it's better to pay lower taxes and just finance your healthcare and kids' college yourself. In most of the developed world they're sold that it's better to pay more in taxes but have those things provided for you at no extra cost. To each their own.
Why on earth would you go to Canada? Tax rates are ridiculous there.
@@consciouscrypto3090 "Free" healthcare paid for by >50% tax. The healthcare is horrible as well, wait times are long and quality is poor. Education is mediocre.
As someone born and raised in western Canada, I would say it's a good move if you want to 'move up' so to speak, ie you come from/have citizenship in a non-western, 'developing' country and want to nab a Canadian passport. However, if this is what you have in mind, and you have the means, I think the States would be better, since you have so many more options in regards to where you live, as well as access to certain financial services that are not as easily or readily available in Canada. For example, if you're into trading crypto, it's so much more straightforward to do things in USD using American-based services, rather than doing things in CAD. Not to mention also that the Canadian dollar is WEAK compared to the greenback. Two guys might be doing the exact same kind of work in Toronto and New York, earning 100k a year. "I make 100k a year!" They may boast. Nah man, the guy in the States is making 100k a year... before taxes. The Canadian is only pulling in about 75k a year... before taxes.
Sebastian Castillo yeah but if you're a Canadian citizen you trade on the New York stock market, and if you're an American citizen you trade on the Toronto Stock market. That way either person is only taxed a maximum of 20% for the worldwide income. In Canada you'd be taxed over 53% in the US it would be 40% plus state tax.
It wouldn't really make any sense for Canadian citizen to trade on the Toronto market or for an American citizen to trade on the New York market. Why not trade in the other countries market especially considering we're in the same time zone
If its a citizen for tax, go the fast route.
How to get Malaysian or hongkong citizenship quickly
Join the ongoing strike
do you even lift?
in this moment i have 3 citizenship and i want another one, my passports are from Cuba, USA, and Spain and i want the italy citizenship
Explain please?
I was born in Cuba and I have Spanish nationality because my grandmother was Spanish by birth and since 2014 I live in the United States and obtained American nationality last month.
@@rodandlucy3197 The USA And Spain are still relevant but I don't think the Cuban one is still seen as legitimate according to the Cuban government and American government.
My Grandmother was born in Cuba and she is nolonger a Cuban Citizen since she is now an American citizen.
@@chico305SIGMA whatever if you born in Cuba you will need a cuban passport for go to Cuba. The Cuban governet only care the money that you need pay for it.
I am very wealthy. I need a UK Passport through investment, how can you help?
Please go here: www.nomadcapitalist.com/apply/
What about crabian citizenship, you advice me to take. Thanks
Search our channel for numerous videos on Caribbean citizenship options and discounts.
Capitalist worms.
I used to like your channel, but for a few months now, you've been telling things in repeat. Please tell us something we don't know (from you)
About time somebody helped billionaires to get more billions! Eat the poor!
I could help most people get a job abroad that want one, but the revenue is limited. There are opportunities for just about any skill in many other countries though. Simply speaking English, not even at a native fluency level is enough of a skill to get hired in many countries.