The Real Cost of Dual Citizenship

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  • Опубліковано 17 жов 2024

КОМЕНТАРІ • 97

  • @Nyx_88888
    @Nyx_88888 11 місяців тому +10

    You guys are an amazing service and company, keep it up

  • @LisaCulton
    @LisaCulton Рік тому +31

    Getting a document notarized in Switzerland is around CHF 350. No joke.

    • @Molloy1951
      @Molloy1951 Рік тому

      We've been missing your videos, Lisa. Hope they get back on track anytime soon, hehe cheers from Curitiba

    • @LisaCulton
      @LisaCulton Рік тому +1

      @@Molloy1951 Thanks. There's a few shorts up, but stay tuned!

    • @patrick1992
      @patrick1992 Рік тому +3

      What they do with it? Write it by handwriting and make gold notarization stamp? 😂😂

    • @LisaCulton
      @LisaCulton Рік тому +4

      @@patrick1992 A gold pen was used, that much I know.

    • @jaylozier4083
      @jaylozier4083 Рік тому +2

      @@patrick1992 it is written in chocolate from the Nestle Special Reserve.

  • @marjoriehall9984
    @marjoriehall9984 Рік тому +2

    Great summary and information. Really appreciate this channel.

  • @CesaresChannel
    @CesaresChannel Рік тому +11

    Andrew, great video

  • @darovi
    @darovi Рік тому +8

    Can you make a video about the time cost of naturalization? I ask because I've read that some countries like France can make you wait several additional years, after you pass the minimum required, and I think it happens the same with Switzerland. I want to know which countries are the most reliable in this regard, giving you the passport promptly after you have lived there the required time.
    For example, I'm Spanish and I want to move to Portugal, how long would I have to wait after my 5 years of residence?

    • @1000OtherFoxes
      @1000OtherFoxes Рік тому +2

      europe is a dead end

    • @darovi
      @darovi Рік тому +3

      @@1000OtherFoxes But with "easy" to get tier A passports.

    • @1000OtherFoxes
      @1000OtherFoxes Рік тому

      @@darovi Sure but who wants a french, german, or italian passport ?(i'm originally from france)

    • @necksquad3222
      @necksquad3222 11 місяців тому +1

      ​@@1000OtherFoxesA lot of people. Especially who aren't from Europe

    • @1000OtherFoxes
      @1000OtherFoxes 11 місяців тому

      @@necksquad3222 why though?

  • @rahuliyer7456
    @rahuliyer7456 11 місяців тому +2

    I am a US citizen by birth. I also have an OCI from India. I got it care of my parents (the immigrants). The reason I don't want an outright citizenship from India is be India does not allow dual citizenship. That is why I opted to keep my US citizenship. The India citizenship and passport while maybe nice, does not have near the advantages of the USA.
    Now my wife is a dual citizen...US and Vietnam. She identifies as American.
    So it's what you value.
    I know my wife and I are looking at Mexico and moving there permanently. I fully expect to get my Mexico citizenship should I do it.

  • @boilingdown
    @boilingdown 11 місяців тому +2

    I have Dutch citizenship, my wife is American and I have LPR in the USA. I've so far not opted to get American citizenship because the only benefit it would give me would be voting and I don't see that as worth the tax burden it would put on me should we decide to move elsewhere. Plus there is the risk my country forces me to give up my citizenship if I become and American citizen. I think it would be relatively easy for me to get my wife into the EU. I really don't have the financial resources to consider other options at this time, but hopefully some day I want to have at least one more option. Maybe somewhere in South America. I think I could actually get into the antillean islands with relative ease too as a Dutch Citizen.

    • @SakhirAliQureshi
      @SakhirAliQureshi 6 місяців тому

      Being a Permanent Resident also puts you in Tax Net

  • @bark2931
    @bark2931 Рік тому +3

    My GGparents left Lithuania too early as well (it was considered Russia at that time)

  • @Peaceful_Days
    @Peaceful_Days 8 місяців тому

    My parents could get a Finnish citizenship. But I don't qualify. Such a bummer.

  • @bakaribelay6300
    @bakaribelay6300 Рік тому +12

    Very informative Andrew thank you for your help could you go over the benefits that African countries are making possible for African Americans? I know we’re a minority over here in the U.S. but I think these things are important to know.

  • @theraven6836
    @theraven6836 2 місяці тому

    I hired a law firm in Madrid to collect all the docs.

  • @efemboygg
    @efemboygg 11 місяців тому

    Hi Andrew, I love your videos. I really want to know your thoughts on Liberland. Do you think it's completely a meme? The next Singapore(or Monaco, or wherever else)? Should be taken seriously at all?
    Am very on the fence, but thinking I'll just get their passport this month cause it's only 10k.
    Anyways, thanks and gl.

  • @mz_9118
    @mz_9118 11 місяців тому

    Passport and ID Cost me 42€ in Spain after living here as a resident for 4 years ! Dual Latin American and Spanish EU passports ! Next

  • @kandivega5300
    @kandivega5300 Рік тому

    I know you’ve discussed this bought thoughts on citizenship by birth with Brazil?
    My husband are considering Floripa and like the idea of possible citizenship in Portugal via cplp. I’m already Caribbean so I have citizenship there.
    Thanks for providing such amazing content. You’re opening eyes and changing lives.

    • @nomadcapitalist
      @nomadcapitalist  11 місяців тому +1

      Here is the video about it, hope it helps: ua-cam.com/video/S-qxAUj9rmQ/v-deo.html

  • @roysnabilie8345
    @roysnabilie8345 Рік тому +3

    How far can you in decent, cause my great grandmother British and my great great grandfather Swiss.
    My parents died as a Dutch citizens is it possible for me to get it too.

    • @omshomestead
      @omshomestead Рік тому +2

      If you have the right documents

    • @nomadcapitalist
      @nomadcapitalist  Рік тому +3

      Hi! You can find out if you qualify for citizenship through your family background using our CBD ELIGIBILITY CHECKER here: nomadcapitalist.com/products/citizenship-by-descent/

    • @patrick1992
      @patrick1992 Рік тому +1

      Should be no problem for British and Dutch. Get all birth certificates first and then contact the Embassy's nearby

    • @larrygerry985
      @larrygerry985 Рік тому

      Swiss you have 0 chance, Dutch if you are over 28 0 chance, British there is a visa avenue based on 1 grandparent

    • @larrygerry985
      @larrygerry985 Рік тому

      ​@patrick1992 As Dutch via descent, if you are over 18 you have 10 years to exercise your right or your lose it. Moreover, it depends if you parents are Dutch or not. Also, it only went via the male line prior to 1984

  • @joeavallone1449
    @joeavallone1449 Рік тому +2

    Love these

  • @borostojmenov5249
    @borostojmenov5249 Рік тому

    Please always look at army records

  • @LBNOSIN
    @LBNOSIN 11 місяців тому

    Nice

  • @brotege2509
    @brotege2509 11 місяців тому +1

    Ppl pay a million for an eu passport meanwhile refugees getting it for free with the whole family 💀

  • @lwalt7120
    @lwalt7120 11 місяців тому

    I wish you hired U.S. based employees. Your company sounds like it would be so much fun to work for!

    • @nomadcapitalist
      @nomadcapitalist  11 місяців тому +1

      Check out our career opportunities on our Careers Page: nomadcapitalist.com/careers/

  • @AkaidanTv
    @AkaidanTv Рік тому +9

    Passport bros favorite channel 😂

    • @bakaribelay6300
      @bakaribelay6300 Рік тому +8

      Entrepreneurs favorite channel.

    • @debunkinghistory214
      @debunkinghistory214 Рік тому +3

      You do realize people pay 6 and 7 figure sums for 2nd passports right? It's serious business for people, not something to get laid.

    • @bakaribelay6300
      @bakaribelay6300 Рік тому +2

      @@debunkinghistory214 some people can’t have high IQ conversations

  • @samuelzev4076
    @samuelzev4076 Рік тому +3

    What if i want to live in Norway but don’t want to pay the high income tax? Is there a way around this?

    • @patrick1992
      @patrick1992 Рік тому +3

      What a stupid question. If you live in any country for more than 183 days you are automatically tax resident. In some countries it's even faster. For example UK or Switzerland. Your world income is then taxes in Norway.

    • @ladlem3
      @ladlem3 Рік тому +1

      You'll also pay taxes 3 years after your stop being a tax resident in Norway, if I'm not mistaken.

    • @scrillathekid5562
      @scrillathekid5562 Рік тому +2

      @@patrick1992saying it’s a stupid question is a bit harsh. I didn’t say you provided a stupid answer, just incomplete. You failed to mention the complications to how income is taxed depending on a tax treaty. It’s never as simple as it seems.

    • @johnbethea4505
      @johnbethea4505 Рік тому

      ​@@scrillathekid5562I with talking about people who call you stupid or ignorant for asking a question. We who really know about questions that the only stupid question is a question not asked..

    • @samuelzev4076
      @samuelzev4076 11 місяців тому

      @@patrick1992 what if iget married to a norwegian but my business is offshore in a tax free country like Switzerrland, the Cayman Islands or singapore? Do I still get taxed?

  • @DifficultNerd
    @DifficultNerd Рік тому +3

    first

  • @lulumoon6942
    @lulumoon6942 11 місяців тому

    DUAL CITIZENSHIPS FOR CITIZENS NOT GOVERNMENT OFFICIALS! 👀

  • @luisg.9125
    @luisg.9125 11 місяців тому +1

    The problem is most Countries are moving toward a digital currency so no matter were you go we are all screwed.

    • @nomadcapitalist
      @nomadcapitalist  11 місяців тому +3

      There are some countries to escape. Here, we explore more than 15 countries that have chosen not to adopt CBDCs: ua-cam.com/video/uc1hsTpyySk/v-deo.html

    • @realsatoshihashimoto
      @realsatoshihashimoto 5 місяців тому

      El Salvador has adopted Bitcoin rather than a CBDC & has a citizenship program for Bitcoin holders.

  • @scrillathekid5562
    @scrillathekid5562 Рік тому +2

    Reconnect with European taxes too and what are you going to do when your kid grows up and possibly needs a US security clearance for their job. “Mom and Dad, why did
    you make your dream mine.” You might have jacked your kids life up a bit. It’s not as simple a decision as it seems.

    • @bakaribelay6300
      @bakaribelay6300 Рік тому

      🤣🤣🤣🤣🤣

    • @bakaribelay6300
      @bakaribelay6300 Рік тому +2

      So the kids can make the decision for themselves what they want to do in the future and they’ll be even more in a place to do so because they’ll have multiple citizenships and be wealth you’re just a detractor.

    • @CC-br9qg
      @CC-br9qg 11 місяців тому

      have you lived in the U.S. or Canada lately? The west is falling. Wake up

  • @Gladiator-qu7co
    @Gladiator-qu7co Рік тому +5

    Mixed feelings about this Nomad Capitalist, somewhat of a weird cat but comes across smart and is clearly very flexible to livearound the world - being single makes that uber easier than lugging around your whole family - fact.

    • @nomadcapitalist
      @nomadcapitalist  Рік тому +33

      He's not single, and he has the stones to put his name on his comments.

    • @bigdaddy4197
      @bigdaddy4197 Рік тому +12

      LOL Andrew

    • @bakaribelay6300
      @bakaribelay6300 Рік тому

      Why don’t you just sit and learn rather then try to sound smart.

    • @Danielily1
      @Danielily1 11 місяців тому +1

      Let us not make judgments on another when we have not walked in their shoes.

  • @lancemichales1069
    @lancemichales1069 Рік тому +6

    What about the average broke American? Can you do a video on Costa Rica?

    • @bakaribelay6300
      @bakaribelay6300 Рік тому +4

      You shouldn’t be trying to move anything while broke Andrews done plenty of videos about cheap countries just look it up, but you need to put things into place so that you can get some money.

    • @tipr8739
      @tipr8739 Рік тому +4

      Ecuador, Paraguay, Serbia, Armenia, (on paper) Kenya. Though the other commentor is right, you gotta get some money. Become a Mason (I got an estimate that was $350 / hour, my brother got a tile estimate for a bathroom for $40k in a nomal kansas house) the money is out there

    • @bakaribelay6300
      @bakaribelay6300 Рік тому +1

      @@tipr8739 That’s a fact and even if he had a low income business it would still make a difference in a cheaper country plus whatever jobs he can work. If they’re broke they definitely need a trade that they can take anywhere.

    • @bakaribelay6300
      @bakaribelay6300 Рік тому +1

      If you’re broke you should be finding a job and work at least 60 hours a week preferably in a trade that you could take with you anywhere for example Carpentry, Welding etc. even if you go to another country and they make you get certified over there at least you’d have experience to ace in test they have…budget your money correctly over 70% of people over pay on their taxes every year only buy necessities save the splurging for after you’re rich, start a small business even if it doesn’t bring you a lot of money it will give you experience and if you’re goal is to move to a cheaper country than any money will help.

    • @zeemc2751
      @zeemc2751 Рік тому +1

      There are plenty of videos online about Costa Rico.😃

  • @mimiseeyou
    @mimiseeyou Рік тому +5

    This guy probably knows where all the best blow is lol

    • @Molloy1951
      @Molloy1951 Рік тому +3

      Are you an expert on this topic, Mimi? 😊

    • @bakaribelay6300
      @bakaribelay6300 Рік тому +6

      Look like you’re a expert on stupid statements.

    • @zeemc2751
      @zeemc2751 Рік тому +2

      🤣🤣🤣🤣🤣🤣

    • @mimiseeyou
      @mimiseeyou Рік тому

      @@bakaribelay6300 Not all nerds are fun. It’s ok just be you.

    • @bakaribelay6300
      @bakaribelay6300 Рік тому +2

      @@mimiseeyou you really showing your age why don’t you act more like it.

  • @tariqnazir3592
    @tariqnazir3592 Рік тому +4

    Nice