How Citizenship is Changing

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Reasons To Become a Dual Citizen
Tax Benefits
Merely having a second citizenship won’t necessarily help avoid taxation, but it will give you the freedom to live a tax-optimized life. Live low-tax or even tax-free with a passport of convenience.
Freedom of Movement
Having a second passport allows you to travel access to more countries, as well as peace of mind. It also grants the freedom to live, work, or go to school there.
Plan B
Second citizenship means you have a guaranteed place to go if things change, even if you don’t plan to move to a different country with your new passport now. You’ll never be left stranded if you wish to leave home.
Do you want to know how Citizenship is changing?
In this video, Andrew will provide valuable information everyone should consider in 2023.
00:00 Start
0:24 Citizenship is Becoming a Trend
2:20 Caribbean Citizenship by Investment
3:46 How to Get a Second Passport
4:40 Popular Citizenship Destinations
The Nomad Capitalist is the world's most sought-after expert on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best."
Work with Us: nomadcapitalist.com/apply/
Nomad Capitalist has created and implemented plans for 1000+ clients and helped them to go offshore, keep more of their wealth, and enjoy an unprecedented level of global freedom. Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. We've built our team around our holistic approach to serving the needs of globally-minded entrepreneurs and investors.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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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.

[@Mr.Carter777]

The illusions i heard from other people about Canada is incredible. Canada its NOT free market economy people. Alcohol is sold by Government in Ontario, Car insurance is sold by Government in British Colombia Its monopoly in so many way's

[@Eskeeter03]

The advantages outweigh the disadvantages. A case of bottled water is $1-2, in the US that same case is $3-5

[@tidus7081]

@@Eskeeter03 The guys following this channel seem to just be 1) against western countries , 2) hate paying the govt and 3) have millions of dollars. Canada does suck that the taxes are higher, but Canada and west side in general imo is just so beautiful and have so many things to do. You don't get these opportunities in 3rd world countries. This channel is just trying to milk millionaires lol.

[@bbrebozo6417]

It depends on your particular situation. Not everyone has millions of $, not everyone has an international consulting business earning them millions of $, not everyone is 40 years old, not everyone want the nomadic life. For a senior citizen, not having civil unrest, possible war near your home, infrastructure to make life easier, cost of living, and weather might be more significant than tax.

[@60secondsofstyle1]

So it seems that the guy who doesn’t want U.S. citizenship is still collecting $. Otherwise, why care that the dollar is down against the Euro?

[@garrettmgunderson]

Senior citizens in the west are why everything is collapsing.

[@matthewnirenberg]

@@60secondsofstyle1 Unless you've been living under a rock, you do know that the USD is the world reserve currency and its going down negatively affects all global markets that aren't part of BRICS(+). So yeah, it matters!

[@edj4240]

And this channel is not for everyone clearly!

[@donnamaco1]

@@edj4240 Andrews wisdom is for everyone to take heed.

[@wordcripple3174]

I wouldn't recommend coming to Canada, it has always been a frozen shithole and while doctor office visits may be covered by tax dollars, you have to wait months or years for any serious treatment and you can't live in the doctors office. The cost of living is way too high for how unbearably cold the conditions are for 60-80% of the year.

[@torstimyle1355]

You forgot to mention political correctness

[@paulfelkner6749]

@@torstimyle1355 And they will take your credit cards if you are caught protesting, plus Canadians are not allowed to purchase property in Italy - who needs that?

[@joeschleprock3409]

@@torstimyle1355 don't forget drag queen story time for little children

[@josephine5809]

​@@joeschleprock3409 What does your comment even mean?

[@bettycooper369]

​@@josephine5809I'm guessing he is talking about the NDPs move to protect drag queen story times from any sort of protests. Or he could be referencing the drag queen dress up week for kids this summer on Granville Island in Vancouver that supposedly the provincial and federal government have partially funded.

[@freefruitsandvegies3099]

Love your channel. I am moving to Moldova next year. Going to stay at an apartment for $300 per month, then marry a local lady and in three years I will be a citizen. Doing it the ghetto route!!!

[@xusiduo]

😂

[@nojohnso]

😂 please document this on KZbin lol

[@setha360]

Most retirees have limited funds, cheap rent and easy visa process, ghetto route is a option will look forward into your Moldova youtube videos on finding love for your future videos on

[@ktolwal]

aaah from the ghetto streets to the hotel suites

[@goldgeologist5320]

Hope she does not take you to the cleaners. What are divorce laws like there?

[@James-co3os]

There is a UK programme. Step 1 wash up on a beach on the South coast!

[@arsenvokrug4198]

…..having ditched your passport and any form of identification!

[@xavierboom9689]

The problem is when you tell some people from the west this, they don't wanna listen. I used to get upset when people wouldn't listen. Now when people want advice I refer them to videos like yours, reading material and make them do their own research.

[@Tamar-sz8ox]

Good idea

[@moaziz9426]

people deserve the consequences of their actions.

[@human2divine]

I so much more prefer Andrew doing these talks than any of his staff thanks Andrew

[@joshowens2219]

Most transition to other people being the face of the company when preparing to sell.

[@TheDavidjoek]

​@@joshowens2219 seems more likely that as he said in a prior video, he has other priorities right now. His YT videos only bring in pennies to his business and are likely just written off as an advertising expense. If he has a backlog of clients, better to be giving them the white gloves then posting on KZbin.

[@joshowens2219]

@@TheDavidjoek Pennies... Not a chance. This is the top of the funnel that brings in the customers. Then gets distributed to the faceless people of the company.

[@TheDavidjoek]

@@joshowens2219 it used to be, sure.. Likely word of mouth/referrals attracts the high value clients that Andrew is looking for now. You know many billionaires that watch KZbin?

[@bumpy818]

agree. I have respect for his staff who speak more than one language, but their English delivery is deadpan and boring.

[@danielj3010]

Andrew has been killing it.

[@goldgeologist5320]

My American friends selling and moving out of Chile in last year due to social and political situation.

[@thedalillama]

Peru has gone left. There's growing leftist sentiments in Ecuador. Somehow, the Venezuelan diaspora hasn't informed people or changed minds. Weird.

[@AndreaPirlo888]

Not only Chile, Colombia, Perú and Mexico too

[@RawOlympia]

Nothing lasts forever and that is why these moments of watching your vids are so deeply appreciated. ~

[@johnvelas70]

You need to focus more on everyday people not super rich who can just pack up & fly to wherever plunk down an obscene amount of money & poof 2nd passport. Most folks want to leave for economic/religious freedom and quality of life. (myself among them)

[@dylanmanka8795]

There’s Bahamas residency permits for $1000/year for US citizens. Argentina will allow you citizenship with a lawyer by living there for 2 years on a residency permit and probably $5000 in lawyer fees. Some people can marry someone they love and also gain citizenship. Marriage is usually the only way to get a Flagship citizenship without costing more than $3000.

[@tidus7081]

Why would he focus on everyday people lol. This channel is to milk rich people who hate taxes. If you are a regular wage who values what nature offers on the west side, don't bother with this channel. Just watch to get kicks out of rich people complaining about the govt

[@grancitodos7318]

@@dylanmanka8795 Who wants to go to a bankrupt socialist country full of arrogant idiots.

[@michaelwebsternz]

Wouldn't want to move to New Zealand now after the way they treated their own citizens during the pandemic and the rapid rise in crime everywhere in the country. NZ is a place to flee from now. The business environment is also very poor.

[@grancitodos7318]

Not to mention the anti white racism and giving everything to the bludging thieving poly settlers.

[@zealman79]

There's currently no real capital gains tax, bright line excluded, and super is not means tested... Less tax regulated than Australian residents...

[@richardblasco7791]

Andrew good to have you back!

[@rodneyparker5313]

I think that I will do a business model for people who have liquidity of 1M, and 100K of income. Those individuals don't meet his financial benchmark but are still in the need of such services. And, they can invest 250k and get citizenship in many places.

[@RetiKingKnight]

Ireland’s IIP program has been closed to new applicants since February 2023. You might want to stop mentioning that one as a possibility.

[@josephine5809]

Right. I just checked and ran into this exact information which I'm sure others will as well. It's likely that he should be more thorough when explaining the Cyprus 7-year route as well.

[@Tential1]

7:50 Chile just robbed lithium mines. Hard pass for me.

[@victoriabourlakou2532]

Η Ελλάδα είναι πολύ ασφαλής για μένα, ευχαριστώ πολύ 🤩

[@mattanderson6672]

Thank you Sir!

[@ElliottJMiller]

I’m glad I found this channel.

[@nomadcapitalist]

Glad to hear that, Elliott.

[@mervynmontague1811]

Interesting and informative 🇯🇲

[@financeok5964]

I only have Australian and German passport, soon to have UK too

[@Thecanman118]

Ireland's scrapped their IIP program so that's one less option.

[@bbrebozo6417]

The price of being a nomad capitalist is going up as the exodus of the rich in China accelerates. The “authoritarianism” in western countries is also increasing so that too motivates people to move (and pushes prices for nomadism up).

[@carefulconsumer8682]

Lets say you have dual citizenship like USA and Panama. How do you decide which to travel with? To buy a house with? etc.

[@human2divine]

Iip program for Ireland is closed not sure why he mentions it- seems like he isn’t on top of that?

[@YukonGhibli]

Technically the US Passport allows for four countries, due to the CFA with Palau, Marshall Islands, and Rep of Micronesia.

[@michaelreid8857]

I think that the rating of passports shouldn’t be calculated in the number of countries you can visit, visa free. But those countries should have some grading also. Obviously a passport that grants visa free travel to twenty five quality countries, is far more valuable than one that can visit 35 crappy countries. You can’t tell me visiting South Sudan and Haiti is equivalent to visiting South Africa and the Bahamas.

[@leandrog2785]

South Sudan and Haiti are worth exactly zero for 99.9%+ of people. The standard way of measuring passport strength is utter bullshit.

[@Ozniramong]

nice !

[@AndrewJohnson-en2hb]

Australia is making it easier for New Zealanders to become citizens from July onwards. I wonder if this will come with stings attached, such as the global income tax that US foist on their citizens who live abroad.

[@matthewnirenberg]

The real question is why would anyone from NZ want to become an Australian citizen. Legally they have zero need to and have full rights thanks to the Trans-Tasman Agreement. This seems like a faster way for the govt to catch them in the AU tax net. The newer AU tax rules coming in soon will change the "are you tax resident" from the current 5 tests down to 3 (one of which is are you a citizen).

[@leandrog2785]

@@Master-ng9uj Like what? Welfare benefits?

[@reinvention2023]

I think Andrew should do a slow transition with a room meeting with others or Zoom-like "Hollywood Squares" images of his colleagues so little by little they take sectors / areas / divisions of the topics. Find someone who maybe has done acting or Toastmasters and let them roll with it. We are here to help you with it, not criticize it. So if Andrew wants to "slide away" or take breaks then no issues here. Let others have a viewpoint and personality. Cheers, Dare

[@denism.8468]

Are the islands or coastal areas like Belize safe during a world war? Groceries are no longer shipped or delivered.

[@Tee55118]

Buy a farm. Paraguay has affordable farmland. Switzerland too if you just want a large garden and small orchard.

[@naughtydesigora]

I am by descent entitled to 5 passports , I only choose 2

[@jackoneil3933]

Thank you Andrew, Very Important considerations and advice. I might mention, that a long time, best friend who spent many years at top levels of US administrations and intelligence work mention quite adamantly at the beginning of global virus, that perks of Western citizenship, especially for US citizens, was going to change dramatically, and my American passport would be seen as a pariah throughout much of the world, and that I should not just consider dual citizenship, but to consider giving up US citizenship before it was too late, and I would be as a pariah. About 90% of what this person predicted over the last 30+ years has pretty much played as he said. Of course come on I have no way to verify or confirm his claims, but I have not dismissed them either

[@stanleystuart2008]

I have three passports

[@juligrlee556]

What's going on in Panama and Ecuador?

[@javaskull88]

Have you done an episode about best places for women to live? Concerned about crime, property rights, sexism, religious discrimination and health care. Thank you.

[@bodyloverz30]

Andrew, you've done videos on Turkey & Cambodia. Would this be a reasonable combination, for Americans?

[@lawtutoring]

Yes. Turkey in particular.

[@jpytp5820]

Turkey definitely! 👍

[@MrNarongg]

It's carribbean passport get harder to enter EU in next years, coz by ETIAS? Please give advice

[@pianches1]

I heard the Malta program was shutting down.

[@sandybottom6623]

Australia is bringing in a very large number of workers. WA is looking for 31,000. The PM is talking about 400,000 immigrants this year. Politically Australia is not good but hopefully that will blow over in a few years - look towards the end of the year for any signs.

[@BlowmeRoger]

Australia was bad politically for the last decade! Just recently getting rid of that right wing mess Morrison, they just got a surplas for the first time in ages,its changed slightly for the better but I think being Americas lapdog will keep it down for the forseeable future not to mention the crime in the cities

[@Kristoferwitha_k]

Will have to forgive me as this stuff is above my head and I'm definitely not nuanced on all the idiosyncrasies of the different currencies and economies and how they work but, if somebody could explain to me how if I was to give up my American citizenship and go to a country that has more favorable tax laws how I could still make good money considering that now I'm not eligible to earn an American dollars which I know is dropping but it's still the strongest currency or one of the strongest currencies. Can someone please explain to me how that is favorable? To earn in a currency that may be weaker than the dollar

[@michellem3879]

NC is geared towards high net worth individuals so it’s definitely more difficult for us average wage slaves. You can earn $ no matter your citizenship. As for relinquishing your US citizenship, ideally you’d secured a second one first. There are many countries that will allow you residency if you can show you have an income. Germany has a visa that lets you live there while you seek employment, others allow income from remote work. The info is available on government websites. Just pick a country and start researching.

[@getsmartpaul]

Andrew plays Passport Chess for the wealthy in a changing world 🌎.

[@kwameopoku3576]

Nice Barbados here i come

[@knyansa1569]

I respect Nomad Capitalist however I've never heard him talk or promote any African nations that offer similar programs. It almost seems like African countries don't exist. And to those who are scratching their heads, yes there are developed African countries which can accommodate the same lifestyle u have in the West.

[@adam_thethird]

Could you elaborate on which countries in Africa offer interesting CBI programs?

[@ellahaboury2413]

Interested to know which African countries offer passport and citizenship.

[@gdew9643]

A blessing in disguise that he keeps African countries off the radar, or here comes new Colonization.

[@jorgemoll5994]

Egypt, Tunis??

[@carolinavarela1572]

@@ellahaboury2413 Cape verde ECOWAS passport and CPLP passport

[@zelissero2877]

I think one should be able to trade it like a Taxi medalion.

[@samskie88]

Thanks andy

[@joeschleprock3409]

I imagine his eyebrows fluttering when called andy lol

[@transcend3145]

Nothing lasts forever, Including internet, I guess..

[@virtualrao2795]

After retiring from the US military, I became dual-citizen.

[@amARI589]

I dont think the Mexicans chose Canada, because Trump became president 🥴

[@sherwoodsmfs]

If you are not someone who has 1.5 mm in assets as you enter your retirement (62+ yrs) and you believe legal gun ownership is a key to providing your protection (diminished physical state)... Where can you go?

[@joshuaa.kennedy8837]

I looked in the Uruguayan and I would not want to invest into a welfare country. 3 big Latin America country im looking at are chille, Costa Rica and El salvador. I would like to hear Mr. Henderson option on them.

[@lawtutoring]

Look into Ecuador too.

[@thedalillama]

@@lawtutoring I have been to Quito many times and believe it to be the best all-around large city in South America. The cost of living is reasonable, but not inexpensive except for real estate seems like a good value. My friends there are kind people, but I can't speak in general. The locals complain about crime and influence of foreigners, oddly, Haitians. My friends have a concern about creeping leftism. Definitely, seems like a place people should consider as an alternative to Chile though.

[@PocketInfinite]

@@thedalillama Yeah I don't think crime is much of an issue if you live in the wealthier parts of the city.

[@estherfromasia]

I’m from southeast asian and looking for an economical passport for traveling and better education and healthcare

[@sar5310]

Was half way to Spain and citizenship through marriage but then found out they adopted an outlandish law to overstep parents within their school system. Bad company corrupts good character. I hope they change this. Such a shame.

[@judymckee5992]

Their education sucks and culture of enjoyment only is not good for children. I was shock to know people party after midnight, most people are in bed.

[@carolinavarela1572]

if your spouse is spanish you can live anywere of europe and naturalize in another EU country

[@lonalxaia]

​@@carolinavarela1572 only if they are in the Schengen zone.

[@deanopumpkin]

What's a good 4th and 5th passport for someone with AU / UK / IRE passports already?

[@carolinavarela1572]

Looks you are lacking some acess to america. Maybe a passport from mercosul and another passport from the caribbean community.

[@carolinavarela1572]

you got argentina 2 year path for citizenship mercosul. Or if you register in a portugal city hall as EU citizen living in Portugal after 5 years you get a portuguese passport. That will put you in 1 year path for brazilian mercosul passport, 2 year path for mexican passport, will give you easier acess to Macau ( asia) and east timor (asia)and will also give you acess to the countries of africa with portuguese as official language ( this number will increase as gabon has just said is looking to join CPLP and more countries will follow soon) where a new mobity agreement is in force.

[@deanopumpkin]

Fantastic answer thanks!

[@danielmckinnon9627]

I wouldn’t recommend America because if you become a citizen you will be required to file income tax returns no matter where you live. Just be a tourist using your UK passport

[@markbartel216]

He's not referring to USA, he's referring to the continents that makes up north and south America.

[@goodtimetraveler8261]

We don't need a second passport; we need a second identity

[@magicpoopfart8363]

Serbian government has proposed a new law that would allow anyone to get Serbian citizenship after only a single year of working for a local company. You don't even have to know the language or renounce your original citizenship.

[@palnagok1720]

What about a world service authority passport if you become a Permanent Traveller ?

[@matthewnirenberg]

Literally not a real passport. Its no more official than if you printed your own passport. Some countries consider it to be a "fantasy passport" and some will outright jail you if you try to use it.

[@troubadour6987]

It's just a gimmick. Wouldn't let you pass through. They'll probly arrest you and detain you in some shit hole where the light doesn't shine

[@nicolasballe]

Maybe he won’t see it but I don’t know who to ask this question. Zero info around : Can I have a Brazilian passport (birth) + Canadian (Already PR - Conjugal) + Italian (Descent) ? On my way to get the latter two so…might be a problem?

[@lawtutoring]

Yes all those countries allow dual citizenship

[@Horoscopephobia]

Sim, tem muitos brasileiros nessa situação

[@benkim2016]

It will be so hectic for Andrew's kids or spouse to inherit all the assets later!!!:) Some of them will be difficult to claim due to possible different jurisdictions!!!

[@richardfey5574]

Cant you be uk citizen and spain and cypress

[@alimran1155]

Is there any option to get citizenship in Asia, Southeast asia or Africa?

[@RC94332]

All 3

[@josephine5809]

He has a few useful videos on this topic from his perspective.

[@Thomas_Hardy.]

very few in these areas. You have to really research these. Very few indeed

[@lawtutoring]

Ghana

[@m0nz13]

Dual citizenship is not encouraged (not allowed essentially) in a lot of Asian countries. The strongest passport is Japan, followed by South Korea & Singapore and Japan & Singapore aren’t allowed dual citizenship. You may have some luck with Philippines/Vietnam/Thailand if you invest in those countries.

[@judyj782]

Please explain how the US Govt now oversees ALL Caribbean Passport Applications and will Audit them Annually?? Also anyone using them gets Red Flagged Internationally? along with many other CBI Passports?

[@garrettmgunderson]

The US federal government never ceases to choke freedom and liberty to death in every way imaginable. I wouldn’t be surprised if they threaten these countries with sanctions of some sort - but soon the dollar will collapse and that grip will loosen because why would anyone trust the US federal government after they seized Russia’s Treasuries?

[@natillefoxy9881]

Please explain?

[@60secondsofstyle1]

So it seems that the guy who doesn’t want U.S. citizenship is still collecting $. Otherwise, why care that the dollar is down against the Euro?

[@nicolasballe]

And at the same time that comment of yours sounds very American. “Don’t wanna stay here but still wants and uses our money “. Typical

[@nomadcapitalist]

A lot of people use dollars, including Americans.

[@cristaosunidos.academy]

What you guys think about Netherlands passport? Is worth it?

[@abeonthehill166]

I suspect with the current WEF regime in power there that the Dutch Passport could follow the US and start to Tax the Citizenship and not the individuals abode. I think with the dest levels the EU is in now will mean these Gov’ts will be looking at ways to get cash out of those who spend 6 months and a few days in a lower Tax jurisdiction and the US way will likely be chosen. If you have a passive income from crypto or perhaps a $20,000+ pension , you should look at Asia or South America , choose where you feel happy to live 3-6 months of the Year and Uruguay and Chile ticks many of the box’s that the EU had 20 years ago. Do your planning and try it out by living there for a few months !

[@evb1601]

@@abeonthehill166 Netherlands, where I was born, will not allow you dual citizenship at all.

[@abeonthehill166]

@@evb1601 ….then it is best to avoid that and look to Portugal, Espania or Romania as they do. This here is about building choices and one Citizenship is not as good as two. Some Nations will give people just a permanent residence Permit that is 90% as good ! Do some research first. Thanks for your comment …..

[@carolinavarela1572]

@@abeonthehill166 Better Portugal 5 year path for citizenship absolute jus solis to ever child born in the country to a parent with a residence permit. PLUS a portuguese passport allows spanish passport in 2 years rather than 10 and romanian in 4 years rather than 8. Anyone can move on a jobsseker visa.

[@judymckee5992]

@@carolinavarela1572 , In spain, corps seldom hire foreigners and u have to speak spanish.

[@kaidrewry552]

Ur talking about citizenship like it's a stock you can buy... gettting 2nd/3rd citizenship isn't an easy and fast process, and for some impossible. But nice vids overall

[@nomadcapitalist]

We help people obtain citizenships in a matter of months all the time.

[@abrahamjohn803]

Is any European country still issuing citizenship by investmen?

[@LisaCulton]

Austria and Malta, I'm pretty sure.

[@carolinavarela1572]

Portugal still has golden visa new applications wil be acceped until end of May see schegen news Portugal wiil accept new golden visa applications until end of MAY.

[@carolinavarela1572]

Portugal with a golden visa residence permit every child born in the country automatically becomes an EU CITIZEN BY BIRTH.

[@hunkydrewy]

Why bother with buying citizenship when you can just become the ruler of your own micronation? All you need is a plot of land, a flag, and some loyal followers. I'm already working on my own micronation, and let me tell you, my dog has pledged his allegiance, so I'm off to a good start 😅

[@ivanguzenko7491]

Unfortunately no free land that is livable anymore. Maybe a cruise ship in the neutral waters

[@matthewnirenberg]

Good luck having the country you're in recognising the sovereignty of your country - they never will. Also, know that when you try to stop paying taxes they'll throw you in jail and seize your property. There's a reason none of us have made our own countries - there isn't any unclaimed land on this planet at the moment - maybe one day a new island will form in the middle of the ocean but until then what you're saying is nothing but a joke as far as the law is concerned.

[@comeforaride]

Started my exit journey years ago. Working on 3 citizenships over the next 2-5-10 years. Really want to give US citizenship. View it as a mistake of getting it in the first place.

[@dylanmanka8795]

US citizenship is worth while because the USA has a draconian border. If you lose US citizenship, it will be extremely hard to even transit in the USA. The USA is extremely inconsistent in issuing tourist visas or visa waiver program.

[@dressydress9726]

What are the requirements for Austrian residence or citizenship? Are applicants required to dance the waltz?

[@ipreferfreedom162]

Much better than previously but could you try & reduce the ticks with your eyebrows. I don't want you to think I'm picking on you but hands and eyebrows detract from your message which is EXCELLENT

[@nomadcapitalist]

We'll let the doctor know.

[@jrmjay9478]

Triple citizenship means triple taxes no?

[@nomadcapitalist]

No.

[@efukt6824]

This is so disturbing to me as a left liberal