The Cheapest Way to Get a Second Passport

nomadcapitalist.com/2017/05/2...
Before you start searching for the cheapest citizenship option, you should ask yourself: "What's my final goal? What are the benefits I want to gain from this?"
If you are just looking for a "safe haven", a place to retire and live peacefully, or a country where you want to work and study, the cheapest options are definitely citizenship by descent (through your parents and ancestors), as well as citizenship by naturalization.
However, if you are a six- and seven-figure entrepreneur and you want a second passport because of financial reasons, you know very well that "time is money".
In that case, citizenship by investment may be your best choice, as those processes in some countries are pretty straightforward, fast and can be cheap, too.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: nomadcapitalist.com/apply/
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: nomadcapitalist.com/about/and...
Our website: www.nomadcapitalist.com
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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.

[@nomadcapitalist]

What about you? Which way would you choose? Comment below with your suggestions or ideas and if you liked this video, give it a thumbs up and click on the subscribe button.

[@lhachmitaifouri4481]

I it's valuable to get second passport but there are some issues in some contries that don't allow trafering money outside countries( regulations), what will be the solution?

[@mikenephilly]

I have a seven figure income. It's just that two of those figures are to the right of the decimal point.

[@fidelcatsro6948]

trying to make sense of this... 1000000 ---> 10000.00

[@rodneyparker5313]

Oh that is the funniest thing I've read lately.

[@dwdelve]

Lol.... whats her name?

[@benkim2016]

My wealth is health, saving a million bucks on surgeries and nursing care!!

[@everett8849]

Naturalization in an EU country. I lived in Europe in the past and when I moved back to the U.S.A. I realized that I belong in Europe and not the country of my birth. My wife and I are getting our educations in the U.S.A. and my wife and I plan to save every dollar we can for six to eight years, sell everything and move to Europe. We are looking at Portugal and Spain as our best options. We do not come from money and this will be for a better life. We plan on fully integrating in our new country and teaching at universities there and online. We want to give back to what will be our new country. I don't view this move as a monetary investment. I just want to be secure and happy. I want a better future for my family. I love your videos, they are helpful and motivating. Thank you.

[@slovene1987]

Since I'm not wealthy, I'd rather (and must) do the naturalization.

[@JamesonLemonade]

I wish this kind of thing was taught in a high school financial planning course (Just discovered Nomad Capitalist a few months ago), as I definitely would have preferred the naturalization paths for multiple countries at once like you're saying when I was 18 or 24, but it's not very realistic anymore, so the investment option seems the most likely for established career people.

[@jobird354]

Hi Andrew. I'm learning so much from your videos. My grandfather was Croatian. I'm a New Zealander. I've never wanted to be old here and the way the country's turning upside down I've learnt how to avoid being stuck here in the future. I've started progress towards getting my grandfather's paperwork for citizenship by decent. I have the time to do it for when my pension is ready in a couple of years, then I'm going to Europe for my old age. I'm so excited to learn this from you. Thank you so much.

[@SolomFoz]

My list is: - If you can afford the cost of corruption while you don't have much money, go for latin american passport - if you can afford non foreigner friendly countries while you don't have much money, go for eastern europe. - if you can afford high taxes while having a lot of money, go for western Europe. - if you are in the middle of the road of all of these prementioned conditions, go for canada 😃

[@nomadkickbox4049]

Canadian Passport is a A-Class Passport: Excellent for travel even to arab and muslim countries - the dark side of having a Canadian Passport is the draconian tax laws which is almost the same as having a US passport.

[@SolomFoz]

@@nomadkickbox4049 thanks for reply. you are correct! It is a compromise you pay a lot of taxes but you get a good passport. That's why I called it as a middle-of-the-road choice.

[@Crusder1000]

Dexter Speights II Draconian or not lol. At the very least you could move away from Canada and for the most part you'll be free from their taxes unlike the U.S.

[@nomadkickbox4049]

@@Crusder1000 Thanks for the get out of JAIL FREE CARD - Brother John!

[@k.s.fergusson5909]

I. Fawzy Vanuatu 🇻🇺 ?

[@m_m_m_m_m_m_m_m_m_m_m]

Nice to see Tbilisi in the opening. By the way, Georgian residency/migration laws changed and will be in effect now in July 5th (or so). The "gates" are closing.

[@eddyspeed861]

Agreed, if you can invest for the passport anyone should absolutely go for it.

[@nasserjassari9315]

I'm from yemen born and raised. Watching this kinda videos it's just heartbreaking. 💔

[@jonathanbarberie4995]

Lucky sperm club member here! 😎 I qualify for Jure Sanguinis Italian citizenship because my great grandfather who came from Italy naturalized in America after my grandfather was born. And I found this out because of you, Andrew. Thank you so much for the information you provide!

[@nomadcapitalist]

Glad to help.

[@klwthe3rd]

I'm trying to do the citizenship by ancestry because my mother's side of the family is from Italy. I don't speak Italian and would prefer a cheaper cost of living country but beggars can't be choosers. I hope I can get it as most citizenship by investment programs are out of my financial realm.

[@nomadkickbox4049]

By Blood is the cheapest way to get a legal 2nd Passport!

[@handsomenubian]

Nice video..i suggest if you could make a questionnaire on youtube for your question.

[@nomadkickbox4049]

Do a video for people who have a dividend portfolio offshore as a US or UK citizen living in Asia

[@miguelgustavobohorquezblan3754]

Hi Andrew, I'm currently working my way towards the Brazilian passport by naturalization... There's a paper residence you'd recommend for expanding my passport portafolio while I wait for my Brazilian passport?

[@TkGz]

nice video, i thought i was going to see a list of the Cheapest "investment Passport" to get.

[@boob3239]

Me too. But the video was useful also.

[@marcusmazdaboy]

Hey Andrew! Great videos, I've watched 80% of them in the last week. Question, I can acquire a UK passport via ancestry, but is it worth it? Considering I don't want to live in the UK and they're leaving the EU, I can't see much benefit.

[@garciatunion]

Im from Argentina, The only reason why I want to apply for another residence/passport is to avoid paying huge taxes. unfortunately I can only apply for an italian passport (grandfmother), terrible place for it

[@eliefosso7215]

Italian passport is good br

[@michaelluxford7852]

Hi Andrew, I'm interested in Panama's Self Economic Solvency Visa. So, how long it will take to get to the permanent resident? Do I need to live in Panama to get permanent resident?

[@Grace17893]

God bless you man

[@nomadcapitalist]

Thank you.

[@kbunky69]

Andrew please do a segment for forex traders especially those in the US so they can trade offshore

[@hosam2011]

oh .you are right ,many of my US friends struggling with forex trading regulation

[@kbunky69]

@@hosam2011 yes it is so stupid the rules and regulations that the US put on American traders that handicap them . They need to equal the playing field, but in the mean time this is a great segment that Andrew can help and gain clients

[@hosam2011]

@@kbunky69 yeah agree

[@ax6070]

@@kbunky69 Thanks to Obama's FATCA

[@kbunky69]

@@ax6070 yes that caused a lot of problems for the forex industry in the USA

[@dammilolafasuyi1058]

Citizenship by investments seem to be the best bet

[@klwthe3rd]

Not always. You have to weight your options.

[@justaman3419]

My wife is half Thai, her mum was born in Thailand and came in Italy where she raise the family. My wife didn't have the Thai passport though... How can we get it????

[@rodneyparker5313]

Citizenship by investment given my age. However, I would be at a lower cash price point, or 250k real estate option.

[@BucketListTravellers]

Good food for thought. We like the thought of living in a different country, but we also like the freedom of being able to travel without necessarily having obligations to return to a country. Convenience is definitely something to consider.

[@m.ummohammedshammeeri1508]

Iprfer naturalization how much it requred in bulgaria to get citizenchip?

[@m.ummohammedshammeeri1508]

If we r statless and difficulty has a permission or visa to any country which passport is suitable for us faster and easiest the validty of our passport only 2 years

[@blackshadow2582]

Add the money up and invest would be my preference.

[@samuelugh5729]

okay, So I have my Grandfather side who's from the UK and Portugal ancestry. Would this qualify me for a cheap way to obtain a passport from there? and where I was born. the Country was under British Government Long long time ago. also under the Dutch. Thank you in advance

[@karencooke3826]

Hi Andrew, We are a South African Family, we are both teachers who left SA in 2001 and have taught in India and China and now in the UAE. Only our daughter still lives at home and we are paying for our boys who are studying so we don't have a lot of disposable income. We are looking to financially emigrate. We do have the flexibility of moving to teach in the country we emigrate to. We are finding the whole thing overwhelming. Where and what do you recommend?

[@nomadcapitalist]

Hi Karen! Why don't you send us your application at nomadcapitalist.com/apply and we'll see how we can help you. :)

[@Ashybasha]

My grandfather was British but the UK is not exactly a country that comes to my mind when it comes building freedom or having fewer to preferably no taxes.

[@discerningacumen]

I’m more toward to the IT entrepreneur than a nomad capitalist who want to start a business where tax is low and business related processing is fast.(even though the distinction is negligible over the haul.) My country S. Korea does not allow dual citizenship while it allows talented foreigners to have dual citizenship. Thus I’m ready to give up my passport when I find a better replacement. And the country will later see me as a talented foreigner entitled to have DC. And then I can get back the citizenship. Lol. How narrow-minded the law of S. Korea is as much as the people are.

[@nomadcapitalist]

Interesting idea. Thanks for sharing.

[@2ndAccident]

At any way, at any cost.

[@janethayles7002]

Hello nomad I am not wealthy but I am would like to Panama or St Kitts in search of work could you give me your advice

[@Gmai739]

Hi I am a woman I have 2 sons 19 and 21 we are looking for a second passport within a range of 30000 $I don't mind to move in what is your recommendation

[@DavidCoxDallas]

maternal grandfather, born about 1897 in partitioned Poland, emigrated to USA as a child. Poland didn't even exist for him to be a citizen at that time. am I eligible for citizenship there anyway? my mother has passed having never pursued a Polish passport.

[@ax6070]

Andrew, I have one question. I have an EU passport but I got the US too. Can I get another EU passport after the USA? thank you

[@valuenomad9388]

depending on where you will apply accepts dual citizenship, the US does, not all EU countries do.

[@albertl.9146]

@@valuenomad9388 Actually almost all EU and Western countries like Canada, Australia, New Zealand, and the UK permits dual citizenship. The only few EU countries that don't allow dual nationality are the Netherlands, Norway, Austria, Germany, and Monaco.

[@valuenomad9388]

@@albertl.9146 You are absolutely incorrect about almost EU countries allowing dual citizenship. Just to name a few, Estonia, Latvia, Lithuania do not allow it. Or others that require you to renounce your previous citizenship when applying for naturalization such as Slovenia or Croatia. Monaco and Norway are not even in the EU. Please consider researching the topic.

[@shaddyhacker]

Out of Caribbeans which one is the cheapest?

[@miguelgustavobohorquezblan3754]

St. Lucia and Dominica starting at 100.000$

[@shaddyhacker]

@@miguelgustavobohorquezblan3754 Andd this is total cost?

[@cmdrlee2190]

@@shaddyhacker and a few thousand in process fees (ya know bribes, greasing the palm, pay the piper,"donating" to the bureaucrats girl friends college fund).

[@shaddyhacker]

@@cmdrlee2190 Well, that's nothing. I guess every firm has a processing fee. Because there is no direct way to apply.

[@bodyloverz30]

Live in Casa de Campo, Citizenship--Dominican Republic?

[@Atem_S.]

money!

[@jangpeter8324]

Which countries can a Nigerian get a CBI ?

[@kylemigueis]

My father is from Portugal. How do I start?

[@m.t4826]

🇺🇲 ?....? I am retired American on 1000 dollars a month, What contry would be the best and easiest for me to get the citizenship?.......?

[@sakod2023]

Hey Andrew, what do you think about the World passport?

[@margyiphillips4931]

I will prefer to put up the money and go back to my business.

[@keikofay9804]

This is an unfortunate non-starter for some, by luck of the draw. For example, my lineage with E-U countries are expensive investments, not entry-level at all for me. My lineage from African is not traceable as a byproduct of chattel slavery 300+ years ago and placing family surname under such circumstances is nearly impossible. However, if it were possible, I would invest in Malagasy eco-tourism and vanilla production!

[@curtisphelps8717]

I have a felony in the US for selling a gun to a felon. Doing three years probation right now. What countries would I have a chance to get a passport in with a goal to leave the US and travel the world (mostly asia) for the rest of my life.

[@nomadcapitalist]

It will be very difficult, especially without an investment.

[@curtisphelps8717]

@@nomadcapitalist I will sell everything I own when my probation ends and I should have about one million. I will be 58 years old at that time so investing for a passport has to be a reasonable amount and if I have to live in the same country I want something tropical. My wife is Filipino and we both like Thailand but were keeping our options open if there's a better country to get a passport with the felony. It doesn't have to be a country that allows travel to the US. I'm mostly looking for low cost of living and countries where I can earn some interest. No plans to start a new business. I'm thinking Mexico, Panama, Columbia part of the time and Cambodia, Thailand, Philippines the rest of the time. Any thoughts or suggestions?

[@denoum]

Does this apply to a poor palestinian? 😢

[@klwthe3rd]

Palestinians are great people! Smile my friend😁

[@robstone4537]

I am in a lucky situation in that I am a dual South African and Australian citizen, living in Australia. My wife is a Colombian citizen (soon to be naturalised Aus) so we have access to three countries if the need arises. However neither of us can see ourselves wanting to live in either South Africa or Colombia. I have been considering moving to a more tax friendly country than Australia using it is a base for travel. I have visited Panama and some of the Caribbean islands so this is probably the direction we will follow as that suits our lifestyle. For me paying $100k for citizenship is a lot of money for something I don't need, I would be happy to have a residence visa and if this transitioned into citizenship later that would be great, but not the end goal.

[@keenan3201]

You are very lucky. I am south african and i want to move to colombia . I am glad you got out of south africa early they are only making it harder to leave.

[@2ndAccident]

If they will ask for millions. Then I will have to learn to earn this amount of money.

[@bsinghsidhu822]

🌺🌸❤️👌

[@roseforeuropa]

Title says cheapest way. Then he talks about 7 figure boys and that you should just pay for a passport for a fast track. Maybe the only video from NC that I've downvoted out of the 40 or so videos I've seen over the years.

[@OBS.Rey__]

Six figure earners go on youtube for advice uuh ook??? I think thats why allot people are asking you for more affordable passports cuz most of us are normal people that dont have thousands and thousands and an good credit score too invest in a passport

[@OBS.Rey__]

Why not look up the races that are in western countries and explain by each country how you can get citizenship from bloodline rules and regulations you talk about some really expensive countries with not one family member or friend in that country i think u know that 65% of the population in the us has 5,000 in the bank comeon on if ur going too give free advice lean more towards those people because six figure earners will just simply pay someone for the advice