How Much Does Second Citizenship Cost?

nomadcapitalis...
How much does it cost to get a second citizenship? In this video, Andrew discusses all the hidden and legal fees that bring up the total cost of obtaining a second passport, outside of what you might already know.
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts 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".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
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.

[@Soldknight324]

I feel lucky to have been brought to Australia when I was young but also born in Northern Ireland. I'm an Irish, British & Australian national now - 3 passports, no stress!

[@AnnaOnRoads]

Great video Andrew, thank you for sharing. And for reminding us about those fees! I think it applies not just to the citizenship but if one possibly wants to set up a business structure. Fees are the gift that keeps on giving!

[@nomadcapitalist]

Glad it was helpful Anna!

[@MegaAli213]

You are heaven sent, I know as a navy veteran, married to a South East Asian wife, and small owner that you absolutely correct 👍

[@maksimvoropaev979]

Sorry for the offtopic but could you make a video about Hainan, Free Trade Zone, and the first Free Trade Port? It seems to be a tax-heaven with huge potential. Many of us would really like to hear your opinion. Thanks!

[@davideforesti7556]

Hello Andrew! I am one of actually many young farmers that are looking to set up a small profitable farm in the tropics. I’m Italian and tried to do it in Thailand where I live but was impossible. Asian countries are really hard, other ones require a big investment that is not a case with small farms. Would love to see a video by you on this theme.

[@davideforesti7556]

@@coocoocachooglin Thank you for the suggestion. I actually work with agroforestry system and use also Teak trees. Do you know if they have a minimum budget that you have to spend in order to get the RP?

[@bilyonaryongpato7798]

Andrew and Nomad Capitalist, thank you for inspiring me. Before I honestly really wanted to get US citizenship and a US passport but now I just realized that getting US citizenship and a US passport is quite hard. Instead, I am thinking of getting a passport portfolio of Grenadian, Cypriot and UK citizenship and passports. I am a Filipino/Philippine citizen by the way. May I ask what do you think of my citizenship and passport portfolio, is it good enough or what do you think needs improvement? I would love to hear your thoughts on this.

[@nomadcapitalist]

Glad to hear that! Feel free to reach out to our team at [e-mail] for any advisory.

[@bilyonaryongpato7798]

@@nomadcapitalist You are very most welcome Andrew and Nomad Capitalist team. Thank you so much and I greatly appreciate it. Sure, I will be contacting you on my free time. I would really love to discuss what is best for a current Philippine citizen and passport holder like me.

[@amir5593]

extraordinary information.

[@moribundmurdoch]

Somebody doing the citizen by descent whatnot for my Scottish mother connection would be useful. I'll probably be a Nomad Capitalist customer in the near future.

[@rubensnogueira5838]

5:00 besides some fees, you can include the cost of living (taxes too). But even in an expensive country like Switzerland, you can live tax-free if most of your income is based on foreign property rent - pay the mandatory health insurance and that's it! Some (or many) countries might give the possibility for legal "hacks" to reduce costs during the residence period.

[@lgnfve]

could you do a video on Ukraine. permanent and temporary options . Thank You in advance

[@nomadcapitalist]

Thanks for the idea.

[@SantaBarbaraAlberto]

Should the benefit outweight the cost? If the amount of tax savings do not is less than the cost of getting and maintaining a second citizenship, would one be better off just paying the tax? Especially when the cost is in the six figures.

[@thaguy7732]

don't understand all the other things but anyways the citizenship by by decent Free or like is there a cost. They just give you citizenship? I'm trying to get citizenship in my country I was adopted away 😩 iv search all over the web their nothing. I have family in the country witch is ethiopia do I still have to go searching for something? My birth certificate is even ethiopian

[@LifeofKairo]

The best thing I got because of my father was a European passport 😝

[@zz3690]

Don't forget dandruff and a small pecker.

[@thehundredthmonkey5972]

You look sharp! I got your book by the way.

[@nomadcapitalist]

Thank you, Steven; enjoy!

[@elhombre5523]

Could you explore more about real estate investment residency visa in Colombia? I am looking to purchase an apartment within the next few years here in Bogotá. How long is the process once you make the purchase until you have the visa within your passport?

[@victrmeleth]

i can get a mexican citizenship, do you think itll be a good idea to do that?

[@solrac5600]

i got the mexican citizenship through my parents and I left the U.S a few months ago.

[@victrmeleth]

@@solrac5600 is there any better economic opportunities there? and the cost of living and lifestyle of it there?

[@solrac5600]

@@victrmeleth You don't need a lot of money to live in Mexico. if you want a lifestyle, let say mid class you will need at least $1,200 or $1,400. As for opportunities investing is your best bet. Ever since i left the U.S i feel much better emotionally. The high taxes and rent was ridiculous. Now I can actually breath, by the way i used to live in California.

[@victrmeleth]

@@solrac5600 yeah I’m in California as well looking to get the citizenship from my parents. I got family down there and if I tell them I want to move over there for 6 months. They will be like why you downgrading the “best” country for Mexico, honestly I really think I’ll be better off in Mexico. I’ll just need to get some sort of business running down there. And keep my us investments

[@gabrielqueirozrocha]

It's very expensive, specially if you live in a country such Brazil, and your currency is melting and you need to pay fees in Euro or usd, but worth it.

[@rubensnogueira5838]

Absolutely. And if the currency is melting, it's one more reason to invest abroad - it can always get worse...

[@lindroenterprise1998]

Hey Andrew enjoyed the video, would like to know that since we're in this pandemic, are countries accepting citizenship by investment or residency applications during this time? Thanks

[@nomadcapitalist]

Yes they are.

[@bilyonaryongpato7798]

"If you want to be unique, prepare to be rejected and not be accepted by society" -A personal quote I made

[@jp-pn6wk]

I am Indian and want to get Australian citizenship for business I want least expensive option I don't care about time

[@nomadcapitalist]

Watch this: kzbin.info/www/bejne/fJ7ZaqmhbZVqeq8

[@hots4jc]

-$11,000,000 does this 8 figure qualify for your investment advice?

[@whatsapphelpline4094]

Contact Mr Morris trading services on what's App to guild you true

[@whatsapphelpline4094]

+1... 8... 4... 7... 7... 8... 0... 7.... 7.... 8.... 1

[@frissonsteemit2318]

Do you work with Cryptocurrency Clients?

[@nomadcapitalist]

Yes, we do. You can email our team at [e-mail].

[@frissonsteemit2318]

@@nomadcapitalist thanks !!!

[@clintrichardsonclintfromny203]

Here we are in November of 2020 on the verge of what I believe is the eve of the reset. I decided to search to see if Andrew had anything to say about it and I land on his video from August 2019 addressing a currency reset. The World Economic Forum has put out a video entitled "The Great Reset" in June of 2020. The WEF more recently put out a video painting an eerie picture of our future stating: "You will own nothing and be happy" Andrew I believe its time to revisit this topic and would love a video on your take of how we are to interpret the WEF's proclamation of a Great Reset. What are we on the verge of? Did we originally misinterpret what a currency reset would entail? Has the picture become any clearer with the new information? I know what I think but would love to hear what you think.

[@tubbyrainbow111]

I believe it is a great reset on our freedoms.

[@jedss6969]

Would love to hear Andrew's thoughts on this too @nomad capitalist

[@danielluster732]

I'm of British, Irish, and German descent. ;-)

[@danielluster732]

​@@infiad1275 Okay! ;-)

[@johnmagdy8428]

Hi , Do you have an office in Dubai?

[@readingwithtribak9599]

Hello Andrew, my parents have got the British nationality in 2010 and at that time I was 27 years old. And when I apply to Gibraltar visa because they live there, I always get short time visas. My question is: is there any way for me to get the British nationality especially that my parents have their own house there?

[@JUSTTHETRUTHTV]

It's is all about the #MONEY $$$,$$$? Does any country want "just good people?"

[@OmniAtlantic]

Please send me more info.

[@nomadcapitalist]

Dominic, feel free to email our team at [e-mail] and they'll be happy to serve you.

[@owenmccord5078]

Would love to see a video aimed at entrepreneurs earning the majority of their income from investing/trading securities.