Follow us on Instagram 👐👐👐 instagram.com/offshore_citizen?igshid=YmMyMTA2M2Y= This is our only profile there!
@dr.winner25162 жыл бұрын
14:08 "Anything that I can pay once, and have a lifetime of value for, I am a big fan of that" Same here! I absolutely love long term solutions that I have to set up just once, it is immensely satisfying!
@OffshoreCitizen2 жыл бұрын
Right? :D What would be your example of that?
@dr.winner25162 жыл бұрын
@@OffshoreCitizen Currently there isn't much but I hope to have some in the future
@300rivers72 жыл бұрын
I keep hearing "my idea" mentioned in your videos. Makes me confident that we are leaning in the right direction. We'll talk soon, Michael. In the meantime, keep the high quality information coming. 🔥
@OffshoreCitizen2 жыл бұрын
Thank you! Looking forward to connecting. Any ideas for your plan B?
@WellnessToGo2 жыл бұрын
As always, great info! Michael and his team helped us with our Plan B move offshore. Best decision we have ever made! Thank you!!
@OffshoreCitizen2 жыл бұрын
Thank you, Arisa! It was our pleasure!
@tinglestingles2 жыл бұрын
Reading between the lines... this feels like probably THE most important video produced on this channel. I wonder how many will actually watch AND act?
@OffshoreCitizen2 жыл бұрын
Thank you! Happy you think so :) How's your plan B going? :D
@tinglestingles2 жыл бұрын
@@OffshoreCitizen Going to plan - like all good well-planned plans! ; )
@rachaelariana77592 жыл бұрын
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
@FighterFred2 жыл бұрын
Nice info, thanks. Reminds me of an old Italian family on how they preserved their wealth through the centuries. The answer was gold, art and land. In particular, as the supply lines go down and globalization with it, I'd consider a self-sustaining farm in one of the Med countries. Then at least the food supply is secured.
@tinglestingles2 жыл бұрын
Cheap farmland in Ecuador.
@OffshoreCitizen2 жыл бұрын
Always a pleasure! Are you working toward achieving that goal?
@FighterFred2 жыл бұрын
@@OffshoreCitizen Spain and Portugal are popular here, could be an alternative.
@fritzmetzger222 жыл бұрын
Finally someone that actually shares names of banks and doesn't f around like that Andrew Hendertwat. You rock Michael, keep it up
@OffshoreCitizen2 жыл бұрын
Thank you, John! Happy you enjoy our content. Anything you'd like to see next?
@christophmuller42882 жыл бұрын
You forgot Paraguay on the list of Permanent Residencies. Cheap & Life Long … plus only territorial taxation
@MyLatinLife2 жыл бұрын
People dont mention it because its cheap to do and is so simple it doesnt require a lawyer
@OffshoreCitizen2 жыл бұрын
Yeah Paraguay is another option
@keikofay98042 жыл бұрын
Great informative video, thank you. I did not know about the Mexican fast-track was such an approachable option! Will look into this.
@OffshoreCitizen2 жыл бұрын
Always our pleasure! Feel free to contact us through one of the websites and we can assist with the program
@chocmilkisgood2 жыл бұрын
That's interesting. I never though of pegged currencies in that way. It makes a lot of sense. Great tip.
@islandbee2 жыл бұрын
I heard that Malaysia is now considering making BTC legal tender. That definitely opened my eyes. But, I'm also interested in Ecuador. The idea of owning a multi hectare estate in the rainforest with a plethora of food to harvest seems like an ideal Plan B escape. The prices seem very reasonable too.
@tinglestingles2 жыл бұрын
We were looking at Ecuador before Portugal but for us, it was a bit too far away - from the UK.
@edwinovertoom5832 жыл бұрын
a lot of interesting information as always! Could you do a special on the Dominican Republic? there is very little info available about what their advantages are tax wise, thanks!
@NomadicDmitry2 жыл бұрын
Thanks, good info. Portugal seems like an interesting option for banking.
@OffshoreCitizen2 жыл бұрын
Always a pleasure! What is your plan B?
@Bri-wi8kq2 жыл бұрын
A shock proof Plan B is such an important topic that unfortunately we often neglect! Planning to support our health, freedom and wealth should be an everyday priority. The Mexican residency sounds very interesting... Thank you Michael for sharing these ideas. Bri
@OffshoreCitizen2 жыл бұрын
Always a pleasure, Bri! What is your plan B?
@Bri-wi8kq2 жыл бұрын
@@OffshoreCitizen Nothing of substance ATM just a yacht and I'm paying dearly for not having a solid plan B having been absolutely hammered in a nasty divorce...if you think the ATO is hash the Au divorce laws and end results sadly shocking. But I'm changing that with a tri-based plan: Australia, a base in Europe possibly Bulgaria or Romania and a base in the Americas possibly Mexico. Also starting the research for an Italian passport (Italian grandfather), Mexican PR is interesting. I need to rebuild a diverse and we'll protected investment portfolio... Soon to buy crypto, I would like a number of accounts in these countries. Also looking into learning a new language each year. Thanks again Michael
@vimalcurio2 жыл бұрын
@@Bri-wi8kq OMG! haha seems like we're approaching doomsday the way you said it lol
@randyleebear2 жыл бұрын
My top recommendation: Mexico and Portugal residency, Turkey or St. Nevis Citizenship, banking in Multi-currency Wise account, investments in equities, precious metals and cryptocurrencies.
@OffshoreCitizen2 жыл бұрын
Thanks for sharing! Why is that your top recommendation? :)
@randyleebear2 жыл бұрын
@@OffshoreCitizen Residency is easy and inexpensive in these locations. Both have paths to a new passport. I like Wise because it allows me to hold different currencies in different foreign banks. It is easy to do and inexpensive. Citizenship in Turkey and St. Nevis are not expensive and both are reasonable passports. I like my investments to be liquid.
@vimalcurio2 жыл бұрын
What about Bulgaria?
@Captain_Tiger2 жыл бұрын
why is st kitts citizenship better than say St Lucia citizenship?
@ian73792 жыл бұрын
Don’t forget each bank account overseas means more tax compliance as a US citizen, that is if the bank will even take you which mostly they won’t.
@MyLatinLife2 жыл бұрын
Thats not really true and the FBAR is a 1 pager
@stephandaley31972 жыл бұрын
EQIbank is another great option. They are a global digital bank. They are also crypto friendly.
@OffshoreCitizen2 жыл бұрын
What's your experience with them?
@Crypteaksest2 жыл бұрын
id like to know more as well
@VERTICALWisdom2 жыл бұрын
Have watched your videos for years AND, this one was the best. We look forward to working with you on our Plan B.
@tinglestingles2 жыл бұрын
Best and most sobering in my opinion!
@OffshoreCitizen2 жыл бұрын
Thank you, both! Looking forward to that, too!
@dr.winner25162 жыл бұрын
16:09 "If you are saying, ok, I am willing to go spend some time somewhere. Any of the programs that can take you a couple years to get, something like *Argentina*, Peru, these are actually good passports" In my opinion the Argentinian citizenship can be a liability, since there is no process to renounce it, and their government already has a wealth tax for individuals domiciled in Argentina, all their governments in the past half a century loved to create all kinds of taxes, I wouldn't be surprised at all if they expand the wealth tax to also include individuals who are Argentinian citizens no matter where they are domiciled, it just really seems like an unnecessary risk to take. As opposed to the Mexican permanent residency having lifelong value, the Argentinian citizenship has lifelong risks
@OffshoreCitizen2 жыл бұрын
That's a fair argument. I'm not overly concerned about Argentina taxing non resident citizens as it violates the tax treaties. But you're always balancing risks and rewards
@rof82002 жыл бұрын
Great video. Very informative. I did wonder why you excluded the Caribbean citizenships? I was considering St Kitts.
@OffshoreCitizen2 жыл бұрын
It's a decent option. The idea of this video was if all you're looking for is a back up to reduce your costs of the option in case you never use it
@macboracay1842 жыл бұрын
Banking account hard for me until...purchased a condo...poof...bank easy. Residency...just move $20k to Philippines Govt approved bank..poof...residency easy. After MADdemic, Permanent Residency appears to live up to promise...easy anytime access just based on permanent stamp. Manila infrastructure not to be trusted again after MADdemic, but BORACAY world class beach with decent infrastructure (transportation, food, housing). Citizenship meh...not in Asia. Probably PLAN C...elite THAI...to bounce for relief or more serious medical needs. Less than 100k to start. If BTC ever performs to PLAN B Stock to FLow...maybe we do something more exotic. ;)
@Captain_Tiger2 жыл бұрын
is Philippines program ope again? I thought it had closed down.
@37tara2 жыл бұрын
Hungary is a great choice.
@OffshoreCitizen2 жыл бұрын
What makes it a great choice in your opinion?
@tinglestingles2 жыл бұрын
Hide up in The Andes... $40k in a bank - investor visa in Ecuador?
@Gorilladome46646 ай бұрын
Michael, or anyone quick question....anyone have experience in moving a stock portfolio from say Canada, North America....offshore to an overseas broker, 'in kind' without having to liquidate your stocks into cash, wire...re purchase etc....I can do this locally within Canada between the different brokers, but international? Thanx!!!!
@tomrusack32662 жыл бұрын
Bank accounts, have you heard of the word “FROZEN” . That’s not insurance, that’s jumping out of the plane without a parachute and concrete shoes.
@vimalcurio2 жыл бұрын
wtf
@bbdv40152 жыл бұрын
Very good Video. What do you think of Residency in Columbia as a plan B.? Thanks for all you do.
@joseg19432 жыл бұрын
Hi Michael, fantastic content what's ur brief take on banking in St Kitts.
@OffshoreCitizen2 жыл бұрын
Terrible. You can forget most of the Caribbean for banking
@michael-hansen2 жыл бұрын
Michael, another great informative video. I've heard that getting a Portugal D7 visa is very quick, which does require a 6 month stay, but would only need to be proved when renewed in two years. If one had not complied, at that time one could apply for the Golden Visa. then benifit would be that 2 years would have counted towards citizenship. What are your thoughts?
@tinglestingles2 жыл бұрын
We're going through the D7 now. Yes, pretty quick for us... first part about a month... then a few months for the second part in Portugal. Hopefully, all complete by August - we started 14th Feb this year.
@michael-hansen2 жыл бұрын
@@tinglestingles That's awesome. Do you need to show that you have a home or a lease, or just a local mailing address?
@tinglestingles2 жыл бұрын
@@michael-hansen 12 month lease minimum... but it seems every embassy has different requirements. Some okay with Airbnb/Flatio some want a full lease. It's really pot luck. It also seems all officials have discretion - so two applications, same embassy, same paperwork... different result?
@tinglestingles2 жыл бұрын
The other option - if you have a close friend/relative in Portugal who can offer you appropriate accommodation - they might accept that.
@cliffm65662 жыл бұрын
The EU esp countries like Portugal and Greece are going to be very severely impacted by the fallout from the Ukraine war. When Russia turns off the gas and stops exporting food inflation is going to skyrocket. As well the long arm of the EU will continue to exert more and more pressure on poorer member states to comply with these self destructive policies. Best to avoid the EU and look for a less risky destination.
@billhennessey63742 жыл бұрын
Great video as always, Michael. What kind of physical presence does Argentina require during the two years before applying for citizenship? Thanks.
@OffshoreCitizen2 жыл бұрын
Need to spend at least 6 months a year there
@pablodemorais93202 жыл бұрын
Great video. I'm curious as to why you consider banking in the Caribbean bad, because from what I've seen thus far 2nd citizenship in some countries seems like a great deal in terms of taxation for investments. Is the problem a question of customer service?
@OffshoreCitizen2 жыл бұрын
Second citizenship in the Caribbean does nothing to reduce your tax on investments. Tax is a function of residency not citizenship. As for banking there have you watched some of our other videos on banking and analyzing banks?
@MichaelALoberg2 жыл бұрын
The Portuguese banks mentioned appear to want a Portuguese taxpayer ID number for the account-opening process, and I have no desire to jump into the Portuguese tax net. Am I missing something?
@OffshoreCitizen2 жыл бұрын
Getting a NIF doesn't make you tax liable
@andydoma2 жыл бұрын
Have you said that Mexican permanent residency is for $20,000? Does it mean that I need to pay that or move 20k to MX bank? Anyway great video, many thanks :)
@OffshoreCitizen2 жыл бұрын
That's how much you pay for the program. If interested, feel free to reach out through one of our websites. Let us know if there's anything else you'd like to see :)
@holeefuk85052 жыл бұрын
@@OffshoreCitizen Maybe make a video about it? first i've ever heard of this
@andydoma2 жыл бұрын
Many thanks for the answer. Thinking about it so maybe I will reach you out soon. That a nice option. I would love to see in the future some more coverage about not so expensive possibilities in Mexico and Latin America
@nooralansare3582 жыл бұрын
Will the donation cost of Vanuatu citizenship be diminish after losing EU visa exemption??
@OffshoreCitizen2 жыл бұрын
Not sure
@CC-xh8zk2 жыл бұрын
Great video. Curious why you didn't mention Serbia? Buy a property for any price and get a residency permit. Then after 5 years, as long as nothing changes, citizenship! I was planning to do this until I heard that they don't really like people to get citizenship, so unless you're adding big money or many jobs to the economy, I heard they'll often find a reason to deny residency permit and make you start the whole 5 years over again. Do you know if this is true with Serbia?
@OffshoreCitizen2 жыл бұрын
Well keep in mind you need to get permanent residency not just residency to start working towards citizenship.
@CC-xh8zk2 жыл бұрын
@@OffshoreCitizen Is that always the case? In regards to Serbia, everything I've seen said you're eligible to apply for citizenship after continuous legal residence for 5 years.
@alfinal57872 жыл бұрын
I feel like Crypto is dropping the ball. This would be the perfect context. But they are more interested in making money in the short term than giving sorely needed financial services.
@billyhill4342 жыл бұрын
How does the Mexican fast track perm residency thing work? I applied for a retirement visa but they denied me (for being too young) and gave me temp residency.
@OffshoreCitizen2 жыл бұрын
You can send us a message through one of the websites and we'll be happy to assist
@chocmilkisgood2 жыл бұрын
Yeah a lot of Latin American countries also want you to be the "retired" age as well. But I'm sure if you spoke Spanish and understood the culture, you could get around it
@chrish.47292 жыл бұрын
Great vid, Michael. Any thoughts on South Korean citizenship as a Plan B and the South Korean Won for currency diversification?
@chocmilkisgood2 жыл бұрын
I'm pretty sure that they don't allow dual citizenship. I could be wrong but I legit looked into Korea and the no second citizenship thing was a bit of turn off
@SWISSVERSE2 жыл бұрын
Nice hair style today, Sir
@OffshoreCitizen2 жыл бұрын
Haha thanks! How did you like the video?
@SWISSVERSE2 жыл бұрын
@@OffshoreCitizen picked up an idea on Portugal banking. I like your material in general so it is hard to do it wrong. Thank you
@straight66042 жыл бұрын
Anyone catch that list of Portuguese banks? I couldn't understand them.
@Bcbweb2 жыл бұрын
Caixa Geral, Atlantico, Bison Bank, Millenium BCP, Santander
@Bcbweb2 жыл бұрын
Caixa Geral, Atlantico, Bison Bank, Millenium BCP, Santander
@dr.winner25162 жыл бұрын
@@Bcbweb Thanks, worth noting that Michael said Santander is for those who can travel to Portugal
@djmaniax4032 жыл бұрын
Hi is it easy to open a personal bank account in Dubai or you should form a free zone for a business bank account
@OffshoreCitizen2 жыл бұрын
If you're a resident it is easy. If not then it is hard
@macboracay1842 жыл бұрын
Hoping I don't need Citizenship....BUT...THOUGHT CRIMES in the USA...long dark FASCISTS DADDY in the USA...BTC confiscation in the USA. POOF...GONE! MY line is drawn. Great content....thanks for sharing straightforward content for everyone.
@OffshoreCitizen2 жыл бұрын
Always a pleasure! What countries could you see yourself moving to?
@macboracay1842 жыл бұрын
@@OffshoreCitizen If citizenship beyond ASIA residences became necessary...I would take a closer look at PERU. Medical a bit of a concern but I like a place with open arms based on commitment and love of plce alone. Many friends from Philippines could be upgraded to Citizenship as well. Caribbean if less than 2 years was required.