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The Real Cost of Dual Citizenship 

Nomad Capitalist
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If you're curious about the costs and benefits of dual citizenship, this video is a must-watch!
Dual citizenship opens doors to amazing possibilities - from living in another country to becoming a citizen of two nations, it's your ticket to a backup plan in uncertain times. In this eye-opening video, Andrew takes you on a journey through the expenses and intricacies of dual citizenship.
00:00 Start
1:00 Citizenship by Descent
6:05 Citizenship by Investment
9:21 Turkish CBI
10:50 St. Kitts Real Estate Investment
11:17 Naturalization
Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where you're treated best."
Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home.
Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far.
If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

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4 авг 2024

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Комментарии : 97   
@Nyx_88888
@Nyx_88888 9 месяцев назад
You guys are an amazing service and company, keep it up
@nomadcapitalist
@nomadcapitalist 9 месяцев назад
Thank you!
@LisaCulton
@LisaCulton 9 месяцев назад
Getting a document notarized in Switzerland is around CHF 350. No joke.
@Molloy1951
@Molloy1951 9 месяцев назад
We've been missing your videos, Lisa. Hope they get back on track anytime soon, hehe cheers from Curitiba
@LisaCulton
@LisaCulton 9 месяцев назад
@@Molloy1951 Thanks. There's a few shorts up, but stay tuned!
@patrick1992
@patrick1992 9 месяцев назад
What they do with it? Write it by handwriting and make gold notarization stamp? 😂😂
@LisaCulton
@LisaCulton 9 месяцев назад
@@patrick1992 A gold pen was used, that much I know.
@jaylozier4083
@jaylozier4083 9 месяцев назад
@@patrick1992 it is written in chocolate from the Nestle Special Reserve.
@marjoriehall9984
@marjoriehall9984 9 месяцев назад
Great summary and information. Really appreciate this channel.
@nomadcapitalist
@nomadcapitalist 9 месяцев назад
Thank you so much!
@CesaresChannel
@CesaresChannel 9 месяцев назад
Andrew, great video
@nomadcapitalist
@nomadcapitalist 9 месяцев назад
Thank you!
@efemboygg
@efemboygg 9 месяцев назад
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.
@rahuliyer7456
@rahuliyer7456 9 месяцев назад
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.
@joeavallone1449
@joeavallone1449 9 месяцев назад
Love these
@kandivega5300
@kandivega5300 9 месяцев назад
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 9 месяцев назад
Here is the video about it, hope it helps: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-S-qxAUj9rmQ.html
@bark2931
@bark2931 9 месяцев назад
My GGparents left Lithuania too early as well (it was considered Russia at that time)
@LBNOSIN
@LBNOSIN 9 месяцев назад
Nice
@darovi
@darovi 9 месяцев назад
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 9 месяцев назад
europe is a dead end
@darovi
@darovi 9 месяцев назад
@@1000OtherFoxes But with "easy" to get tier A passports.
@1000OtherFoxes
@1000OtherFoxes 9 месяцев назад
@@darovi Sure but who wants a french, german, or italian passport ?(i'm originally from france)
@necksquad3222
@necksquad3222 9 месяцев назад
​@@1000OtherFoxesA lot of people. Especially who aren't from Europe
@1000OtherFoxes
@1000OtherFoxes 9 месяцев назад
@@necksquad3222 why though?
@boilingdown
@boilingdown 9 месяцев назад
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.
@user-tk6um7mo5h
@user-tk6um7mo5h 3 месяца назад
Being a Permanent Resident also puts you in Tax Net
@theraven6836
@theraven6836 12 дней назад
I hired a law firm in Madrid to collect all the docs.
@Peaceful_Days
@Peaceful_Days 6 месяцев назад
My parents could get a Finnish citizenship. But I don't qualify. Such a bummer.
@bakaribelay6300
@bakaribelay6300 9 месяцев назад
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.
@barrellcooper6490
@barrellcooper6490 9 месяцев назад
What about Germany?
@bakaribelay6300
@bakaribelay6300 9 месяцев назад
@@barrellcooper6490 wym?
@borostojmenov5249
@borostojmenov5249 9 месяцев назад
Please always look at army records
@mz_9118
@mz_9118 9 месяцев назад
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
@DifficultNerd
@DifficultNerd 9 месяцев назад
first
@roysnabilie8345
@roysnabilie8345 9 месяцев назад
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 9 месяцев назад
If you have the right documents
@nomadcapitalist
@nomadcapitalist 9 месяцев назад
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 9 месяцев назад
Should be no problem for British and Dutch. Get all birth certificates first and then contact the Embassy's nearby
@larrygerry985
@larrygerry985 9 месяцев назад
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 9 месяцев назад
​@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
@samuelzev4076
@samuelzev4076 9 месяцев назад
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 9 месяцев назад
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 9 месяцев назад
You'll also pay taxes 3 years after your stop being a tax resident in Norway, if I'm not mistaken.
@scrillathekid5562
@scrillathekid5562 9 месяцев назад
@@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 9 месяцев назад
​@@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 9 месяцев назад
@@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?
@lwalt7120
@lwalt7120 9 месяцев назад
I wish you hired U.S. based employees. Your company sounds like it would be so much fun to work for!
@nomadcapitalist
@nomadcapitalist 9 месяцев назад
Check out our career opportunities on our Careers Page: nomadcapitalist.com/careers/
@lulumoon6942
@lulumoon6942 9 месяцев назад
DUAL CITIZENSHIPS FOR CITIZENS NOT GOVERNMENT OFFICIALS! 👀
@brotege2509
@brotege2509 9 месяцев назад
Ppl pay a million for an eu passport meanwhile refugees getting it for free with the whole family 💀
@luisg.9125
@luisg.9125 9 месяцев назад
The problem is most Countries are moving toward a digital currency so no matter were you go we are all screwed.
@nomadcapitalist
@nomadcapitalist 9 месяцев назад
There are some countries to escape. Here, we explore more than 15 countries that have chosen not to adopt CBDCs: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-uc1hsTpyySk.html
@realsatoshihashimoto
@realsatoshihashimoto 3 месяца назад
El Salvador has adopted Bitcoin rather than a CBDC & has a citizenship program for Bitcoin holders.
@AkaidanTv
@AkaidanTv 9 месяцев назад
Passport bros favorite channel 😂
@bakaribelay6300
@bakaribelay6300 9 месяцев назад
Entrepreneurs favorite channel.
@debunkinghistory214
@debunkinghistory214 9 месяцев назад
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 9 месяцев назад
@@debunkinghistory214 some people can’t have high IQ conversations
@lancemichales1069
@lancemichales1069 9 месяцев назад
What about the average broke American? Can you do a video on Costa Rica?
@bakaribelay6300
@bakaribelay6300 9 месяцев назад
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 9 месяцев назад
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 9 месяцев назад
@@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 9 месяцев назад
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 9 месяцев назад
There are plenty of videos online about Costa Rico.😃
@Gladiator-qu7co
@Gladiator-qu7co 9 месяцев назад
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 9 месяцев назад
He's not single, and he has the stones to put his name on his comments.
@bigdaddy4197
@bigdaddy4197 9 месяцев назад
LOL Andrew
@bakaribelay6300
@bakaribelay6300 9 месяцев назад
Why don’t you just sit and learn rather then try to sound smart.
@Danielily1
@Danielily1 9 месяцев назад
Let us not make judgments on another when we have not walked in their shoes.
@scrillathekid5562
@scrillathekid5562 9 месяцев назад
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 9 месяцев назад
🤣🤣🤣🤣🤣
@bakaribelay6300
@bakaribelay6300 9 месяцев назад
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 9 месяцев назад
have you lived in the U.S. or Canada lately? The west is falling. Wake up
@mimiseeyou
@mimiseeyou 9 месяцев назад
This guy probably knows where all the best blow is lol
@Molloy1951
@Molloy1951 9 месяцев назад
Are you an expert on this topic, Mimi? 😊
@bakaribelay6300
@bakaribelay6300 9 месяцев назад
Look like you’re a expert on stupid statements.
@zeemc2751
@zeemc2751 9 месяцев назад
🤣🤣🤣🤣🤣🤣
@mimiseeyou
@mimiseeyou 9 месяцев назад
@@bakaribelay6300 Not all nerds are fun. It’s ok just be you.
@bakaribelay6300
@bakaribelay6300 9 месяцев назад
@@mimiseeyou you really showing your age why don’t you act more like it.
@tariqnazir3592
@tariqnazir3592 9 месяцев назад
Nice
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