What is a Passport Portfolio and Why do you Need One?

[@amir5593]

Fantastic topic. Brilliant explanation. Extraordinary design. Thanks Andrew.

[@socratestrading3801]

Very good content that you provide here!

[@BrightDiamondmusic]

“I’ve 5 passports I’m never going to jail” -Jay-Z

[@AKSmith15]

Any idea which 5 passports he has?

[@Jamjunkie]

I'm thinking Grenada, simply for the no visa access to China, and they do citizenship by investment there.

[@films3458]

Always insightful

[@lerryperry]

Any Portfolio that can give me access to all the relevant countries/regions on the planet except the CUNA countries is good enough for me.

[@kagi95]

Not to be pedantic, but something *VERY* imporant to keep in mind is that @3:16 does NOT apply to a Dutch dual citizen. If you hold multiple citizenships together with a Dutch passport and you don't renew your passport you will lose your Dutch citizenship, IF you have been living at least 10 years outside the EU. Maybe not a likely scenario for a digital nomad moving around, but certainly many people could have held on to their Dutch citizenship if they only renewed their passports.

[@dabeau4662]

no you will lose your dutch citizenship automatically if you get yourself another passport

[@sanjevanbabatunde2466]

Daniel no i have citizenchip from Congo by descent and Dutch pasport .

[@blank5659]

For me, I want more passports for global freedom. The tax benefits are nice, too. I'm breaking into tech sales, and my endgame is to create generation wealth.

[@nomadcapitalist]

Should you need help, you know where to find us: nomadcapitalist.com/apply/

[@iismyalias]

Ive heard that a Canadian passport is a good one to have in terms of travel bc they tend to be easily accepted pretty much everywhere. Do you know if there's any truth to that?

[@InstantLuc]

It's generally great over all. Upsides are obvious in that Canada has close relationships with the Caribbean Community, E.U, Asian Tigers, Five Eyes, etc. Canadians can spend 3 months in Japan and Malaysia. Canadians also get a whopping 6 months in Korea and the U.K. visa free, so we get generally longer visa-free entry to places. The downsides are tax residency if you live in Canada or have many ties to Canada beyond citizenship, Canada's increasingly hands on approach to foreign policy has left it at odds with the GCC Nations (sans Qatar), China, Russia, Iran, etc. Overall, if you have some reasonable means to acquire it then by all means do so. Purely for travel, I wouldn't spend time on it.

[@dns9155]

@@InstantLuc Sorry but I don't understand, so does Canada also tax you no matter where you are living just like the US?

[@dr.winner2516]

@@dns9155 No it doesn't, but you have to 'cut ties' before you can get red of the tax resident of Canada status

[@dns9155]

@@dr.winner2516 ty

[@NickDemski]

Thanks for the tips on how nomads like is can save and grow our money with a solid passport plan! I think it's also a good idea just in case the world changes and our home countries fall into disarray.

[@fmagalhaes1521]

Andrew: Thanks to your articles and imfo, I am working on getting my Colombian passport..Yes, I do have your book.

[@amir5593]

You could live in Argentina for two years, get your pass and run away from there. A hidden gem at the end of the world.

[@dr.winner2516]

Their citizenship can never be renounced, so if they change laws to have citizenship based income, or require compulsory military service, you won't be able to get away with that

[@The-Mindful-Journey]

Currently have Irish and British passports. Living in Serbia and hopefully in time get citizenship here which gives me access to China and Russia visa-free

[@nomadcapitalist]

aaron22075 Enjoy Serbia! 🇷🇸 Naturalization there can be tricky so do let us know how it goes.

[@amir5593]

Good portfolio man.

[@RiaanDS]

Believe it or not I am eligible for four citizenship and a pr, I can have a American, Australian, Sri Lankan and Indian OCI and because of the Australian citizenship I can freely live in New Zealand which can pontentialy lead to New Zealand citizenship which is 5.

[@loaflan1045]

I want as many passports as possible! As long as there is no problem in doing so

[@roddywes]

I will be applying for an EU country citizenship soon. It will be great to have an additional citizenship, but not necessarily a new one with tax benefits. What do you think? Still with it right?

[@rivenoak]

depends where you will reside.

[@FJF119]

Does a US citizen have to deal with FATCA holding a 2ne passport ? Thxs

[@dr.winner2516]

Yes

[@hrsh4916]

I wanna ask this does Spain or Korea tax on your worldwide income ?

[@rubensnogueira3199]

if you are resident, yes, otherwise no

[@kararmay3813]

I think I would be fun to have Canada 🇨🇦 & uk 🇬🇧 & Australia 🇦🇺 & Ireland 🇮🇪 & New Zealand 🇳🇿 & malta 🇲🇹 just to collect all the English speaking citizenships but it’s extremely time and money 💰 consuming

[@jordanwentzell5220]

What would be the benefit though? Those passports have similar visa free travel and benefits... I'd rather have one good Commonwealth passport (Canada, UK, Australia, New Zealand), plus a good Latin American passport (visa free access to Russia), and perhaps an EU passport.

[@jaysterling26]

@@jordanwentzell5220 I concur. Will you allow me to be a grammar pedant? It's always an 'a' rather than 'an' before European in English.Thank you. Cheers.

[@kararmay3813]

Jordan Wentzell 2 two of those passports are eu members the benefit is after you get one of those passports you don’t care about the visa free access because any of those have the most of countries visa free and you can buy Saint Kitts and Nevis 🇰🇳 passport for 150k that allows you to go to Russia 🇷🇺 and it’s tax haven or Grenada 🇬🇩 if you want russia 🇷🇺 and China 🇨🇳 so the benefits is the citizenship not the passport you can live in all of those countries for 2 months each every year and don’t pay taxes. diversity is a benefit they are in a different continent it's benefits they all speak English is benefit it’s fun also

[@jordanwentzell5220]

@@kararmay3813 I see, makes sense from that perspective - but you might have trouble not paying tax shuffling between those high-tax countries. You'll have to convince all of them that you're not a tax resident...more complicated than it used to be.

[@amir5593]

As you said would be fun and only fun as they have same visa free travel

[@Bhagya.Ramesh]

I think II would like to start with 2 where my first with India and then USA since i am from Hindu background and love heritage 😊

[@nomadcapitalist]

India doesn't allow dual citizenship, though; only OCI.

[@Bhagya.Ramesh]

@@nomadcapitalist so what should i do, should I do it from OCL and what does it stand for

[@alejandrovasquez3454]

How many passports do you have?

[@americafirst7883]

Some countries in the port of entry are asking if you have more than one nationality so if we answer yes we must mention each one by detail... Question? Have multiple passports may be a disadvantage in the border with immigration officers? could see suspect one individual have more than 1 citizenship...

[@boinkinsen]

Which ports have you heard of that asks a person if they have more than one passport?

[@dididimitrova2660]

I have got an UK 🇬🇧 and a Bulgarian passports and they work quite well for me at the moment. The Bulgarian passport gives me an easy access to Russia, China, Turkey and whole Europe and the UK passport to the rest of the world.

[@dns9155]

Аз съм в процеса за Британско гражданство!

[@udoyxyz]

Australia

[@jewtube3948]

hey, why would I need an EU passport? i cant conduct business in the EU, and even if i did i could do it with the Estonian e-residency program. it doesnt entitle me to live in Switzerland or Monaco. and with travel i would just have to get a visa which i dont think would be denied.

[@cheryls832]

Are there any countries where you ave renounced your citizenship because they changed their tax laws? Meaning tat after you acquired the passport it was no longer financially beneficial.

[@kararmay3813]

Banana 🍌 republic 😂