Why I Really Got This Second Passport

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In this video, Andrew discusses the reasons behind his decision to obtain a second passport, specifically the Saint Lucian citizenship.
He shares valuable insights and considerations for choosing a second passport, highlighting important factors that individuals should keep in mind.
Join Andrew as he shares his personal experience and expertise to help you make informed decisions about your own passport portfolio.
00:00 Start
1:10 Saint Lucian Passport
3:36 Choosing a Second Passport
5:02 Citizenship By Investment
6:14 The Importance of Having a Plan
8:41 Additional Benefits and Opportunities
11:52 Understanding Limitations
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.
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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.

Опубликовано:

21 июл 2024

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Комментарии : 106

@nomadcapitalist 10 месяцев назад

🔒 We've Got You Covered! Enjoy 360-degree coverage on every offshore aspect: nomadcapitalist.com/apply/

@Qandeel 10 месяцев назад

I can listen to you for hours, very well made content, thanks!

@nomadcapitalist 10 месяцев назад

Thank you so much!

@alexinthemiddle4170 10 месяцев назад

With you Andrew, it's more like: why not get this passport?

@benchoflemons398 10 месяцев назад

He made a few videos about passport he wouldn’t accept

@alexinthemiddle4170 10 месяцев назад

@@benchoflemons398I know, I don't need you to tell me that! Neither is it necessarily related to what I wrote. And those are the passports he would not get and the reasons why not....hence: "why not" like I wrote. Just without a question mark for the passports he does not want!

@harisadu8998 10 месяцев назад

If you get access to all the countries that Andrew showed in the map, frankly it's not really a big deal to apply for just a couple of visas and then you have pretty darn good access to the world.

@greeneryfinancial 10 месяцев назад

Yep, that's why I did it and gave up my US citizenship, despite having no 'plan b' anymore - thought I'd need a second passport again, or some good residencies, but truthfully you don't need such a thing so long as you have some level of wealth and are a respectable person - getting visas is extremely easy and painless if you have some level of wealth. Not once at an embassy or immigration has anyone looked down on the passport, questioned it beyond curiosity, or even knew where or what it was.

@harisadu8998 10 месяцев назад

@@greeneryfinancial If banks see that you're born in the US, they will automatically assume you're a US citizen, unless you show them proof of renunciation. So you should always keep that handy.

@greeneryfinancial 10 месяцев назад

@@harisadu8998 That's what I thought - kept the physical with me for a good year, but not once - despite opening a couple bank accounts and a couple brokerage accounts, did anyone ever ask for evidence of renunciation. Will of course keep a copy, and the digital ones handy in case, but it's not as stringent as expected.

@Almadado100 10 месяцев назад

You can’t compare an American, western European or Canadian passport holder( even if you have renounced your passport) experience for getting a visa with other for example Middle Eastern citizens For example I worth a lot( made a wealth from my current business and had money from my parents) I hold two engineering degrees. Been to too many countries around the world. Married to a successful person, who besides his job, comes from old money as well. Our daughter goes to one of the top schools in the country which for primary years we pay same tuition as my sister paid for her son in kings university, and yet we were treated as if we wanted to steal sth in our last Schengen application. Come on, who wants to leave luxury Middle East and go live in Greece or Italy? Your experience is purely relevant to your birth country no more no less

@johnbethea4505 10 месяцев назад

Even though my being old it nice to dream about living in foreign countries again..

@michaelstagar525 10 месяцев назад

Outstanding summary webinar for those who plan.

@nicolasballe 9 месяцев назад

Fantastic videos, one of the best ones I’ve seen here and I’ve seen a lot of good ones. Getting that Italian - Brazilian - Canadian mix

@mattanderson6672 10 месяцев назад

Agree, thank you Andrew!

@nomadcapitalist 10 месяцев назад

Thanks for watching!

@patrickkihn 10 месяцев назад

That is a very nice suit. It looks like silk, and tailored too. Also it harmonizes well with the color scheme of the room. This presentation is even more coherent than usual and demonstrates well your highly organized way of thinking. I’ll be watching more than once to make sure I’ve caught all the essentials.

@nomadcapitalist 10 месяцев назад

Wow, Thanks!

@krustyaxelrod 10 месяцев назад

Difference between saint lucia and saint kitts Andrew ? Maybe its time to make a top tier caribbean passports. Thank you

@user-es5gx2di7h 10 месяцев назад

Much better video editing. All the swooshing and cutting in previous videos was nauseating

@Richest_Person_in_the_World 10 месяцев назад

Thanks, that is helpful that 2 Schengen passports don't equate to 2 visa periods.

@ODTU06 10 месяцев назад

Has anyone had issues entering Iran with a second passport , while being a dual citizen in the US? Like I mean a dual Dominican US citizen for example.

@markbartel216 10 месяцев назад

Following

@AE1P 10 месяцев назад

I'd actually like to know this, too. I have visa free access to Iran with one of my passports, but my place of birth is Canada. I've been told by multiple consulates that it "should" be fine, but I'm still too nervous to try it. I'd really prefer to hear of people's personal experiences. Tehran's been on my bucket list for quite some time!

@greeneryfinancial 10 месяцев назад

I believe you must declare if you are a citizen of the US when visiting Iran, as the laws regarding US citizens requiring a guide/minder are not languaged in a way for you to be fine just because you didn't enter as a US-person, and thus you'd be breaking the law by being present as a US-person on a non-US passport assuming you did not declare it and have this waived, but regardless the US will know and you will have issues when you go to the US again imo, and could face arrest in Iran depending on the locality (some don't care, if land-crossing in).

@ODTU06 10 месяцев назад

For an update. I have a dual Italy-Us citizen friend. And according to him he entered the country on his Italian passport without problems.

@tedquaker954 10 месяцев назад

I have heard there are countries where you can also pay for Diplomat status of a few countries? I'm purposely being vague, not naming the two. It appears/ sounds dodgy/ strange to me. Have you heard of these, where you can also receive legal diplomat status?

@AM-je9ke 10 месяцев назад

Yeah it's doable in Grenada and Dominica for 50 to 100k. There was a documentary about it. Maybe the prices went up because some ex-president or minister got caught hustling on camera. It's legit if you have a clean record. But it's maybe more trouble than it's worth because you might attract attention and become politically exposed. It's only worth it if you wanna swim in the cesspool of deep state actors, be called Your Excellency, or if you dont want to pay parking tickets in your country of affectation only while performing official duties.

@MyLatinLife 10 месяцев назад

Didn't know the banks might not take a CIP citizen

@Yahya_Warrak 10 месяцев назад

This applies to Caribbean CIPs only -few multinational banks might ask u to show ur original passport. However if u got Cyprus, Montenegro, or Turkish passport thru CIP, banks won’t ask any questions

@gavinclaassen6440 10 месяцев назад

What can you do with a St Lucia passport ? Andrew says you can live in that country ( but without a bank account, so convert to Bitcoin first or gold and silver, before you move there ?!).

@harisadu8998 10 месяцев назад

That's the first time you've shared a map. Thanks for doing that! Do you get those countries just based on passports or do you also have other things like APEC Cards. And in all these years, you never bothered to apply for a US tourist visa? Is it really that bad to not have it in your pocket?

@jeremyleonbarlow 10 месяцев назад

He has shared it once before.

@stevemyers2092 10 месяцев назад

i think any tourist visa is time stamped, good for X days - so he would have to apply each time he came to the USA. Same as Vietnam or UK or Panama

@jeremyleonbarlow 10 месяцев назад

@@stevemyers2092 US B1/B2 Tourist/Business Visitor Visas are typically issued as multiple entry visas and can have a validity as long as 10 years. You can only stay up to 90 days per entry, but you really wouldn't even want to stay that long with the US presence test for tax residency.

@harisadu8998 10 месяцев назад

@@stevemyers2092 You're someone who doesn't know how a US or Canadian tourist visa works. The US tourist visa is granted for 10 years and if your passport expires, you may continue to use the visa from the old passport. The Canadian tourist visa is granted for the exact duration of your passport's validity. So if it is valid for 9 more years, it will be 9 years and if it is valid for 4 more years, it will be 4 years.

@tommy0814 10 месяцев назад

@@harisadu8998 Exactly, you are right. Problem with internet is everyone gets to comment, even when they have absolutely 0 knowledge in something they still have the audacity to tell others how something works. What you said about US and Canada tourist visas are completely right.

@adamfarmiloe 10 месяцев назад

Hi, I live in the UK and I will be renewing my UK passport soon, the passport office. Want to see all other passports that I currently are in possession of. Do you know the reasoning why?

@birdman1325 8 месяцев назад

Great looking room. Good info too. Thx.

@jeremyleonbarlow 10 месяцев назад

There may be others, and we know for sure St Lucia and Comoros, and likely Antigua & Barbuda now. Serbia seems likely, Georgia also seems likely. Morroco and Angola being available visa free leads me to believe likely Russian citizenship because your wife is both Russian and Armenian, and you have said you would not want to obtain Turkish and Armenian citizenship because of the historical conflict there, but Turkish citizenship is not out of the question with your properties there. As your adopted sisters are Russian by birth, that seems likely, but it would also mean this needs updating because the country formerly known as Zaire, now is it Congo or Democratic Republic of the Congo has added e-visa access to Russia and Turkey. I mean both Russia and Turkey have e-visa access to Mexico, and a Colombian residency permit gets you access to Mexico too, so your Colombian residency explains that, but with the changes in African access for many passports in the last few months, I suspect this needs some updating whether or not I am correct. Some countries have lost some African access and others have gained some.

@AM-je9ke 10 месяцев назад

Someone's been paying attention lol. Nice job!

@user-xg6yc8ho3w 10 месяцев назад

Turkey is not a good country for an investor because they have 40% capital gains tax. Russia is a great non-Western passport to get and not many people realize but the USA gives Russian citizens a 3 year multiple entry tourist visa. Russia also grants the same to USA citizens (I have one).

@jeremyleonbarlow 10 месяцев назад

@@user-xg6yc8ho3w if you are not tax resident in Turkey it may not be a bad gap filler passport. I mean it appears as long as beneficiaries of your estate are not living in Turkey and you are not resident there at the time of your demise, the Turkish estate tax won't effect you, and capital gains tax on a small portion of your wealth invested into some real estate that gives you a fair ROI from renters for the few years you must hold it would not be a bad way to get an essentially free passport.

@LoveClassicMusic0205 10 месяцев назад

I believe he said in one of his videos that he had an alternate way of getting into Mexico (probably a residence permit like you suggest) which means he doesn't have a passport with visa free access. This eliminates Russia and Turkey.

@jeremyleonbarlow 10 месяцев назад

@@LoveClassicMusic0205 honestly access to Sudan, Paraguay, Morroco, Brunei, and Angola look impossible to explain without a few other countries in Africa also having access available under the current rules, so the Mexico issue is less perplexing. It is possible that Morroco is the result of access via Schengen residency permit or an Irish residence permit. Sudan could be explained by either Turkish or St Kitts citizenship. Brunei, and Paraguay are explained by either Russia or Turkey, as is Morroco, but Angola with five passports assuming he did get Antigua makes Russia make the most sense, but also might mean Serbia is not one of the countries even though it seems really likely he obtained Serbian citizenship. The Russian nationality law would seem unlikely to be one Andrew complied with given the five year residency requirement, unless he has a good connection within the administration and was granted citizenship by exception. I have no idea how Angola is on the list unless Turkey and Angola have ratified their agreement for reciprocal visa free travel recently, but even then Turkey has aome additional access in Africa now that is not on the list. Turkey seems to make the most sense as he does own property in Turkey despite the fact that his wife has Armenian citizenship.

@docAllen 10 месяцев назад

i am american, and if i get dual citizenship i want to get citizenship in Philippines. or Maybe get permanent residency in japan or south Korea. But i want Citizenship in Switzerland or Finland or Denmark or whatever.

@Richest_Person_in_the_World 10 месяцев назад

A logical way to think about taxation, is that you're taxpayer in the country where you are resident and reap the supposed benefits of tax spending such as lamp poles

@pouyavakil6645 7 месяцев назад

Hi Andrew, Just out of curiosity, what passport do you use for travelling to china? which passport do you recommend for travelling in China? I know from watching your videos, I know you have Saint Lucia, Antigua and Barbuda, Comoros. Since you have access to Mexico and have a property in Turkey, you probably have Turkish passport. For the fifth one, since you have access to China and your wife has Armenia citizenship, you probably have Armenian passport.

@babibabu2144 10 месяцев назад

Do you think this passport will lose access to europe too just like the other ones ?

@Al-yu6bq 10 месяцев назад

We are slaves of politicians

@frank0051 10 месяцев назад

@Nomad Capitalist: So, I remember you mentioning you were going to be doing less videos a while back and your staff would be stepping up. Out of curiousity: What happened with that strategy? My feed regularly just includes videos only from you, haha.

@nomadcapitalist 10 месяцев назад

We have recently launched our R&D channel with team members providing concise summaries of various programs: www.youtube.com/@nomadcapitalistRD, and Andrew still continues to be the main storyteller on this channel.

@michaelkaufman9625 10 месяцев назад

Those of us who don't make millions and don't quailify to be represented by Nom Cap but still yearn to live elsewhere/ reduce taxes/etc...don't have spare cash to buy all these citizenships. There should be a NomCap for us not just the 8 and 9 digit earners. with the same info on how to make a individual plan.

@nomadcapitalist 10 месяцев назад

We help clients who earn $500K/year or have a $1M net worth at www.nomadcapitalist.com/apply/. If you're not quite there yet, we invite everyone to our annual live event at www.nomadcapitalist.com/live.

@jaminova_1969 10 месяцев назад

I have a question for Nomad Capitalist! Let's say I want to travel abroad, like to the EU and UK. What do I use for money? Should I convert US dollars to pounds or francs before I leave, or will I get a better rate overseas? Are their hidden charges for credit cards? Are "Travellers Checks" even used anymore? - Please elaborate on this subject as I am planning a fact finding trip and to visit a relative that lives in the UK. Thanks You so much for all the you do Andrew, as well as the staff at Nomad Capitalist! ❤&✌

@lililululalabooboo 10 месяцев назад

If using a credit card, process in the local currency.

@ramitch4581 10 месяцев назад

From experience you will usually get better exchange rates into the currency from within the country itself. I recently went on a trip from my country to another and got a small amount switched in my country before I left, then used ATMs with the card from my own country throughout the trip. This worked well because my bank waives ATM fees anywhere as long as I meet certain requirements, so I was only charged a conversion rate. I actually opened my bank account with another bank as well just for their international ATM withdraw prices, it has been sitting in my draw ever since. I used this strategy because I identified it as the best through research. So find what options you have, look for what people have done previously when travelling from your country.

@stevemyers2092 10 месяцев назад

dont use an ATM for local cash - go to a money exchange.

@nd6789videos 10 месяцев назад

You can get a credit card with no international fees

@jaminova_1969 10 месяцев назад

Thank You all for the response! I plan on doing my research. I was going to go spur of the moment, but decided to wait to take care of some pending business first. I'm hoping I can stay as long as my visa will allow.

@iTuber012 10 месяцев назад

@8:10 😅

@grancitodos7318 10 месяцев назад

Switching passports while travelling is not a problem, doing it raises eyebrows at airport check in, but by law, some have to do it.

@PauloGaetathe_original 10 месяцев назад

One question, does the US issue you a B1/B2 Visa on your other passports? How about Canada? Thanks

@jeremyleonbarlow 10 месяцев назад

Roger Ver a convicted felon -he illegally sold fireworks according to him, renounced US citizenship after obtaining St Kitts citizenship and obtained a B1/B2 US visa when living in Japan, so it's not impossible, but if you are on the renunciation name and shame list like Andrew is, it may be harder to get a US B1/B2 visa.

@PauloGaetathe_original 10 месяцев назад

Not me. Actually I have never had an American passport or nationality.

@PauloGaetathe_original 10 месяцев назад

I don't see why you use the word shame as his former nationality was no longer serving him, it was actually hindering him!

@jeremyleonbarlow 10 месяцев назад

@@PauloGaetathe_original that is what they call the list for those who had to pay an exit tax when they renounced.

@ezrhino100 10 месяцев назад

St. Lucia

@DiscovertourshawaiiLLC 10 месяцев назад

What about a national passport?

@quantumchad 10 месяцев назад

On your map, you show China as Visa-free travel. There is no way you can travel to Mainland China visa-free unless you have a Chinese passport. The only visa-free regime that China has is a 144-hour transit permit, which allows you to stay in the city and it only applies to certain airports.

@charlesfu3726 10 месяцев назад

You simply lack crucial knowledge. Dominica and Grenada have 30 days visa free in China. So does Serbia.

@quantumchad 10 месяцев назад

@@charlesfu3726 - Hey laowai with crucial wrong knowledge. There is no such thing. I am aware they rebranded the visa because Chinese can go to Serbia freely as part of a “bilateral” agreement, but while Chinese can go to Serbia easily, the opposite is not true. You need to essentially apply on arrival and submit an itinerary and such (i.e. that is a tourist visa in express mode, not a visa-free entry). You are not allowed to even stay in any hotels you want either as only foreign-tourist approved hotels are allowed and you need to register at the police station within 24 hours

@mrpeel3239 10 месяцев назад

Scenario: Dual US and St. Lucian passport holder enters Schengen on the Caribbean one, loses it or stolen, could one exit Schengen with the US passport?

@jeremyleonbarlow 10 месяцев назад

There would be questions about why you do not have an entrance stamp. It would be easy enough to replace the St Lucian passport regardless. It is a Commonwealth country with the ability to get aid from a British embassy in such a scenario, but also St Lucia I believe has an embassy in Belgium for its mission to the EU.

@plizak 10 месяцев назад

You’d want to report the lost or stolen passport to the police and get a police report before attempting to leave the Schengen zone.

@mrpeel3239 10 месяцев назад

@@plizak Excellent advice. It would even help to have a Police report for a stolen US passport that is replaced on an emergency basis.

@ezrhino100 10 месяцев назад

Where are you not allowed as an American citizen?

@bingboyify 10 месяцев назад

St Kitts doubled their price from USD 125,000 to 250,000 per person last month, is Saint Lucia gonna do that as well???

@markbartel216 10 месяцев назад

St. Kitts was the first of the five to comply. Everyone's waiting to see whether the remaining four will do so as well - it's currently TBD :)

@Yahya_Warrak 10 месяцев назад

Better to wait and see if St Lucia will also lose its UK visa free access and soon in 2024 will lose Schengen visa free access

@user-xg6yc8ho3w 10 месяцев назад

If you have a Western passport, I suggest getting another one that is not from a Western country. They're kind of all in the same bucket anyway. You'll have better access to more of the world visa free and can escape the growing Western socialism/communism and wokeness etc with a non-Western passport. If that's important to you. Having an American passport and an Australian passport doesn't really expand my world access much nor makes me feel like I can ''escape." : (

@user-fz6ds2cf6s 10 месяцев назад

Common sense Stay away from the western part of the World all same system or will Be soon.

@jordanwentzell5220 10 месяцев назад

Turkey is key here. Very fast, easy, and cheap citizenship that complements a Western passport perfectly.

@pinetworkminer8377 10 месяцев назад

@@jordanwentzell5220 What do you think about a Serbian passport? Do you think it also complements a Western passport?

@jordanwentzell5220 10 месяцев назад

@@pinetworkminer8377 Yes. Don't know specifics of Serbia but I don't think it's quite as straightforward to get as Turkey

@pinetworkminer8377 10 месяцев назад

@@jordanwentzell5220 But if you get citizenship through a $400K real estate purchase, are you obliged to pay 40% tax if the price of property rises later?

@6Sisu9 10 месяцев назад

100k dollars 😂😂😂😂😂 yeah this channel isn't for the average Joe.

@jeremyleonbarlow 10 месяцев назад

In nearly every video whether Andrew or another member of his staff, they state "We help seven and eight figure enterprenuers go where they are treated best." If telling you that they cater to millionaires didn't tell you that.

@jaminova_1969 10 месяцев назад

True, but Nomad Capitalist has also shown us places that are affordable for the average Joe or Jane! I'm here for the education! A girl can dream, right?

@jeremyleonbarlow 10 месяцев назад

@@jaminova_1969 I mean plenty of places they discuss are places you could move to and obtain residency or citizenship with less than $2k in travel and moving expenses if you are packing light. Some of those places you could live on less than $1k a month earned from a remote job easily as well, so you are not wrong.

@safsult 10 месяцев назад

I really dont understand how one can have more than 2 passports ...have a Dutch pp and a US visa , my children live in America. I was born in Douth America ,but i dont have a Surinam pp , first i have to give my Dutch pp to get one , i can travel without visa to Surinam though. cs i was born there .