Should You Get a Citizenship By Investment? (CBI)

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Should you get a citizenship by investment? As you know, on this channel we talk about all the available CBI programs on the market and their advantages and disadvantages.
There are a few CBI programs currently available on the market, with different price tags. The most expensive, and strongest passport is Maltese, which will end up costing you over 1 million dollars by the time it's all done.
On the other hand, there are Caribbean CBI programs with a significantly lower price tag, and those passports will end up costing you approximately 150k by the time it's all done.
But should you even consider any of these programs?
In today's video, we are covering different scenarios and different types of clients that would typically apply for CBI programs.
We will highlight situations when we believe it's a good idea to invest in a CBI program, and we'll also talk about cases when getting one doesn't make much sense.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
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/ @offshorecitizen

[@peaceonearth8693]

The honesty is greatly appreciated! Among channels of this type, you're definitely the best.

[@OffshoreCitizen]

I appreciate that! Thanks! :)

[@mahmudwalee4749]

⁠​⁠@@OffshoreCitizen hello I want you to dissect the information, what I want to know, the investment I am doing does it belong to me forever, secondly by investing I am going to be getting returns on my investments, third is there additional charges.

[@KPGuitarStudios]

Michael, thanks so much for the call, very valuable even though we didn't come to any specific conclusions. The status in Canada seems to be the best path, I've done a lot of research with your help and I think there's a great solution here where in all reality we're going to look at leaving the country more as travel rather than necessarily moving and including a plan B for future expansion. These things are painfully complex eh? You're in a fun business!

[@RomilCPatel]

Can you make a video on the new Armenian citizenship by investment program that’s in the process of getting approved?

[@OffshoreCitizen]

Good suggestion

[@ian7379]

Also worth doing CBI before you have children ... that will generally be cheaper.

[@OffshoreCitizen]

Great point

[@ian7379]

Important to note that generally the CBI programs only pass down one generation i.e. parents and kids. Sometimes you can include grandparents, aunts and uncles as well, and adult children. Rarely grandchildren.

[@namalanoi4030]

Grenada passed to grandchildren, for others i am not sure.

[@ian7379]

@@namalanoi4030 the other in the Caribbean generally don’t but as always it’s at the discretion of the minister. Malta does of course as do most of the existing and forthcoming Balkan passports.

[@namalanoi4030]

@@ian7379 Caribbean CBI runs like business, but others want your efforts for that country.all other passed as regular citizenship process. So for future descendants Grenada CBI of Caribbean may give better situation.

[@william5862]

Love all your content Michael. Thank you so much, seriously you've actually pin pointed my exact situation so when I do call your team I'll know exactly what to ask and better understand the process . 👌🏽

[@OffshoreCitizen]

Sounds like a plan. Looking forward to connecting with you. Have you seen our videos on different CBI programs? Any specific ones you're considering?

[@william5862]

@@OffshoreCitizen yep, I've see all of your videos on the various CBI programs I know exactly which one to go for :)

[@kamil-6561]

Good points. I am coming from eastern Europe country for me reason to get 2nd citizenship would be: 1 Old block soviet union countries have issues with Russia / now there is war with Ukraine but who know what will go next. There is low-mid chance that we will have some war involving those countries. In case of war you will be called to back to "defend" those countries, with another citizenship you have second identity that can help you live in peace. Nowadays all Ukrainian men were ordered to back to country to defend it if not they should be prosecuted and go to prison. (since my county i close to Ukraine is not that fun) 2 Political instability - EU can collapse since I was born in Soviet union I see a lot similarities between EU and ZSSR. Both likes central planing "green energy" "fit55" "carbon credits" etc. , most law is drafted to ensure Germany competitive edge but not EU as whole. If we follow money EURO vs (CHF/ USD / SGD ) is falling as currency. 3 Current war in Ukraine and shootings/bombings on atomic reactors is not funny anymore. If something will bow up contamination on eg. food, with some passport I will have place to be able to live and they cannot kick me out. 4 EU rules on many instances like MFID / crypto sometimes is good to have optional passport to be off the hook like US citizens that cannot invest in ICO nowadays. 5 My kids and I if live outside my citizenship country and have second citizenship release me from military duty to defend it. 6 If I forgot renew one passport I always have second to use. 7 EU/West countries they path is to limit your freedom is always good to expand your freedom and be able to counter them. In Future like 10-20 years as EU citizen I can feel big problems and political instability ahead.

[@anguslo5463]

I have two passports and I think adding one PR in LATAM would be enough for me.

[@OffshoreCitizen]

Send us a message through www.offshorecitizen.net if you'd like help

[@pures1n]

if Canada started to tax based on citizenship, would you renounce? @offshore citizen

[@OffshoreCitizen]

It's always good to have a plan B. Are you working on any?

[@pures1n]

@@OffshoreCitizen Yeah absolutely. Leaning more in the golden visa / permanent residence direction, then heading for citizenship later on. Though I think if Canada started to tax based on citizenship I would likely get a Citizenship by investment.

[@ian7379]

Also, note that Malta's due diligence is incredibly onerous and if you fail to qualify it can hurt you getting a passport from other CBI programs.

[@OffshoreCitizen]

If you get turned down in any Caribbean country that can also hurt you

[@ian7379]

@@OffshoreCitizen of course, but the likelihood is lower especially if you steer clear of the tougher ones like St Kitts.

[@Thomas_Hardy.]

If you have enough money to buy a Malta passport..you can live anywhere in the world as long as you like ...no problem, without a malta passport

[@namalanoi4030]

Malta is best passport for nationality,travel, tax ,hassel free, faster for $15m+ holder. No need of any other.

[@ian7379]

@@namalanoi4030 The process of getting the Maltese passport is much much harder and longer than a Caribbean CBI.

[@DaveRimington]

Hi Michael, What's your take on the Dutch American Friendship Treaty?

[@OffshoreCitizen]

What about it?

[@hendrixansel9750]

Is Dubai's commerce register public or private ? In other other words, can you see who owns the mainland or freezone company if you search it by name in that register ?

[@OffshoreCitizen]

There are different rules by Freezone but in general ownership details aren't public though contact details are

[@hendrixansel9750]

@@OffshoreCitizen Can you open a freezone company in the name (aka to be owned by) of a foreign company like wyoming LLC, Delaware LLC, Nevis LLC ?

[@Larzh220469]

A second citizenship as an "insurance policy" makes sound thinking. But there are some issues regarding CBIs that are seldom talked about. For example, will you really be treated like a native by the country granting you the CBI? Regarding residency should you want to live there, or regarding passing on your citizenship to kids born after your aquired the citizenship? How about renewing your passport, will there be special fees applicable for CBI citizens? Not much information to find about such issues online!

[@OffshoreCitizen]

It's country by country, please send us a message through www.offshorecitizen.net if you're interested in help

[@namalanoi4030]

Portugal golden visa is better for everyone if it would a little less costs, after 5 year just get lifetime PR or get citizenship, whatever u need, , getting money/property,free medical, education also.

[@Bambotb]

PR won't let you work if needed in other European countries

[@OffshoreCitizen]

PR doesn't even let you live in other EU countries, access the services, etc But yes for many people a Portuguese Golden visa can be a good option

[@Thomas_Hardy.]

lol..free medicals, fee educations, free services, free free..lol... EU is a total failure

[@WiseFriendships]

Appreciate the honesty regarding CBI and how it may not make sense if you're from a Western country (except the US) with a lower net worth. Unless you plan on renouncing your Western passport, the CBI passport is probably worse in terms of visa-free access. And the ones that are better, cost a lot more (i.e. the European CBIs).

[@patienceisalpha]

For a lot of westerners, the rush of a getting a CBI passport is not worth it vs just planning ahead with residencies. I personally stopped at 3 passports + 1 residency permit in LATAM. The US passport may go away.

[@mkishon]

Sofia or Plovdiv? I'm currently in Plovdiv

[@OffshoreCitizen]

We have many videos on Bulgaria on our channel, feel free to explore :)

[@tomrusack3266]

The plague response showed that no passport has an indefinite high value. Citizens were stripped of their rights on a governmental whim. Governments cannot be trusted and it would be financially foolish to believe government is looking out for your welfare. Being a citizen of the world is an investment decision not a lifestyle choice. Also do not confuse price and cost, they’re not the same thing. Cynical, perhaps.

[@alifatemi2849]

Which of the CBIs are available for Iranians?

[@OffshoreCitizen]

Please send us a message through www.offshorecitizen.net and we can go over it with you

[@RomilCPatel]

Turkey is one that allows Iranians for sure. A Turkish passport with a EU golden visa works well.

[@techandgadgets4u]

I'm aiming for Cyprus by investing

[@OffshoreCitizen]

That's not a bad way to go for residency but isn't an easy option for citizenship anymore

[@techandgadgets4u]

@@OffshoreCitizen 300k investment in property or business

[@RebekahFuentes]

I’m referring to you to my Trinidad friends who have been looking at property overseas etc I will personally contact you guys by December to discuss citizenship as I relocate for a new job and will need a permanent Visa, have to buy a home (I already have a real estate with Keller Williams) buy a car, buy property etc so will contact you in a few months thanks

[@OffshoreCitizen]

Will be happy to assist whenever you're ready :) How did you like today's video?

[@bojanamir1988]

ABSOLUTELY NO JUST TURKEY 🇹🇷

[@OffshoreCitizen]

Why do you think Turkey is the way to go?

[@jgl514]

I heard US are about to make it difficult (sort of visa free ban) for CBI passport holders

[@OffshoreCitizen]

We will see, the world is definitely deglobalizing but we haven't seen any signs of that yet, though US visa approval is pretty vague

[@jgl514]

Pending in the US House of Representatives is a bill entitled the No Travel for Traffickers Act, HR 6911, which, when adopted, will remove from the American Visa Waiver Programme any jurisdiction that maintains a CBI scheme.

[@Thomas_Hardy.]

lol...you can just walk across many sections of the Rio Grande and on to the big cities without stopping. Stay as long as you like, then exit across the walking bridges back into mexico

[@daybreaker8811]

1st Comment 😀

[@OffshoreCitizen]

How did you like the video? :)