Why Dual Citizenship Isn't Enough

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Getting citizenship from another country may be a complicated process, but it is much easier than you might expect. There are several options for obtaining citizenship in a foreign country, and in this video, Andrew shares the most common ones and explains better quality or quantity.
In this video, Andrew shares why dual citizenship is not enough.
00:00 Start
0:55 Great Diversification Strategy
4:11 The Best Way to Presence Yourself
6:47 Where to Move
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Nomad Capitalist has created and implemented plans for 1000+ clients and helped them to go offshore, keep more of their wealth, and enjoy an unprecedented level of global freedom. Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. We've built our team around our holistic approach to serving the needs of globally-minded entrepreneurs and investors.
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Nomad Capitalist has created and implemented plans for 1000+ clients and helped them to go offshore, keep more of their wealth, and enjoy an unprecedented level of global freedom. Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. We've built our team around our holistic approach to serving the needs of globally-minded entrepreneurs and investors.
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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.

[@stevenroshni1228]

1. Tier 1 2. Anything you qualify for by descent 3. Country that's different 4. Country that will be left alone during a global crisis

[@yerlocalpeanutdealer795]

Only descent i qualify for doesn't alow dual citizenship :(

[@basedblueboy8770]

Also, consider which country citizenships are automatically passed onto children without living there.

[@marshallleo6589]

Malaysia just said that since they raised the requirements for MyHome, a 95% drop in applications. They are reviewing and will bring the requirements back down to the pre 2020 level.

[@zealman79]

My old man is Malaysian. I lived there for a bit and visit regularly. Lots of issues - they want to be considered a first world country and have a shiny capital city but the rest of it is lagging a bit. The race mentality/religion is their handbrake. If they could get over that they would be far advanced down the road by now....

[@cristaosunidos.academy]

If you have Netherlands passport you have 6 Caribbean island 😊!!!

[@mattanderson6672]

Thank you so much Andrew!

[@michaelbaker5501]

Mr Henderson, can you talk about Ghana granting citizenship to African diasporans?

[@jotavetres]

Ireland passport is now better than UK. Irish can move both to europe and UK.

[@manuelquiroga7994]

True

[@sgill4833]

Canada Ireland and New Zealand are all 2 in 1s.

[@josephinemurphy2502]

I was thinking this too, and am surprised Andrew considers them redundant. I have UK and US right now, but am also eligible for Irish through ancestry. Am definitely considering pursuing, in order to open up the EU.

[@hankmoody5514]

Nice. That's what I got

[@tidus7081]

I think the TLDR is simple. If you have a western passport, aim for an eastern one and vice versa. Don't make it complicated.

[@Birthday92sex]

Eastern as in eastern european or asian?

[@ShibaSoftware]

@andrew What are your thoughts about pursuing mexican citizenship as a U.S. citizen? Do the pros outweigh the cons? Is it sufficiently diversified?

[@EliteCasual]

Would love an update on the Armenian CBI and residency to citizenship. I think it's an interesting country that would supplement a Western passport.

[@harryharry9602]

Which citizenships require the least amount of physical presence?

[@abdulsharif6541]

I am definitely planning to obtain "Multiple Citizenships"

[@azirious666]

1 for every region by common sense

[@Atombender]

Andrew: How Many Citizenships Do You Need? Also Andrew: Yes.

[@ShibaSoftware]

I am a 1st gen japanese american. As you may know, Japan prohibits dual citizenship beyond the age of 21. Aside from my desire to go back to the country of my heritage and perhaps buy a home in an affordable 1st world country, the japanese passport is reputed to be the best passport in the world for visa free travel. I would love to see a video about the pros and cons of japanese citizenship. Are there any workarounds for to renew japanese citizenship as a former dual passport holder? What advantages does permanent citizenship confer? Is japanese citizenship a hedge against inflation or a major war?

[@sue299]

What about the age differences?

[@boumalcomedy8366]

Wait, can someone say more about Albania? You can have residency there for 5 years without actually spending much time there and still get citizenship?

[@markuswunsch]

For me the killer combo in terms of passports is Switzerland (as my main passport), Grenada (for access to countries like China, Russia, etc.) and Canada (for US business). Also Canada plus Switzerland means I got two very strong passports just in case one of them drops the allowance for dual citizenship. Plus two or three PRs (e.g. Thailand, Malaysia).

[@stevemyers2092]

Question: what might happen if I leave Canada, bring my business offshore and stay as a resident of a Low tax country for 10 years. Then I move back to Canada and give up my overseas residency. I happen to have $20M in Banks overseas. Can I bring my money back to Canada without tax?

[@finalgeneration66]

with that kind money , why would want to move back ?

[@jbhann]

If you _supposedly_ have $20 million in overseas banks, then why would you bother making a comment on this video, instead of contacting him directly at his business? Unless that’s $20 million in *monopoly* money.

[@SamKaiserLittle]

Even if your second or third passport is second tier in terms of travelling , once uou slap on it a visa from a tier one legacy country, your passport becomes much stronger. 😁

[@9Cob]

I qualify for Canadian and German passports. Should I even bother getting the Canadian? Currently a US citizen

[@SCooperEagle]

Get both

[@marvkwia3973]

Only one if you live in canada if you want a other citizenship ho to that country and give up Canada for good one or the other.

[@viralfunny2094]

I'm a citizen of Canada, Ireland, Chile and Jordan at birth. I hold a 10-year residence permit in the UAE. I'm considering a fifth citizenship, which one do you recommend, please?

[@sgill4833]

Brazil or New Zealand.

[@HadithOfThaqlain]

How are you a citizen of 4 countries at birth?

[@manuelquiroga7994]

@@HadithOfThaqlain It's not that difficult, actually. It can be a combination of ius soli and ius sanguinis: born in a ius soli country (c1), parents of two different ius sanguinis countries (c2 and c3) and grandparents of also different ius sanguinis countries that acknowledge citizenship by descent from previous generations (c4, c5...). All are considered as citizenships at birth. In fact, just today, coincidentally, I was talking to a person whose daughter has 3 citizenships at birth and was applying for the fourth one.

[@stevehorn6206]

@@manuelquiroga7994 silver spoon in your mouth

[@jotavetres]

Grenada or Dominica

[@sgill4833]

You need at least 3. Canada, Ireland and Brazil. And if 4th New Zealand. My 5th choice would be Tajikistan. And residency permit in Mexico and UAE.

[@harryharry9602]

Tajikistan?! What's the process for that?

[@AyandaKula]

How good is a South African passport?

[@AyandaKula]

@Itsme Alex Please elaborate, what issues have you experienced while using it?

[@manuelquiroga7994]

Ranked 44 (Passport Index) and 52 (Henley). No access to EU (except Ireland), USA, UK, Australia, New Zealand or China. Visa free access to some African countries and Russia.

[@AyandaKula]

@@manuelquiroga7994 Thank you for the information. It's evident that I need another passport. I have had mine since February 2020. I had planned a trip to Thailand that same year, however the pandemic happened and the rest is history. My country has been on a downward trajectory for quite some time now and I would never want to leave. However, having an option for if things got really out of hand.

[@manuelquiroga7994]

@@AyandaKula Yup, with no visa free access to the above countries, your passport is tier C (maybe C+ if you count Ireland). Try to get at least a tier B passport (Schengen access). I've got an EU (tier A) passport and a South American tier B+ one (visa free access to Schengen area - not that I need it anymore -, UK, Russia and most South American countries). Also, citizens of APEC countries are eligible to apply for the APEC Business Travel Card, which gives you free access (through the diplomatic line at the airport) to 19 countries, including Australia, New Zealand and China.

[@manuelquiroga7994]

Don’t do it, it’s spam

[@organic723]

I hope this is as good as your other 36 recent videos about the same topic

[@BlackMuslimConservative]

Every day there are new people considering options for a new life. I'm quite sure Andrew isn't expecting people to watch every single video over a multi year span.

[@daishi15]

One is None, Two is One, Three is the new TWO

[@kayn6858]

What are the best African passports?

[@beau_de_jour]

follow, nice question

[@manuelquiroga7994]

Mauritius and Seychelles by far. South Africa is a distant third.

[@nuterra9143]

Any from East African Future Federation. The fastest growing. Ghana and Botswana are also good choices.

[@beau_de_jour]

@@nuterra9143 i’m a huge believer in east africa, uganda/southsudan/ethiopia/kenya/somalia and so on

[@kayn6858]

Eastern Africa is most interesting definitely which includes Mauritius and Seychelles

[@Tourlou0409]

I have 8

[@owenready7043]

Which countries?

[@fuffytickles]

What if i have 3 western passports by birth. Cz de us

[@thatswhatshesaidbro]

Georgia would be better over Armenia or Turkey because it’s a neutral country you can go to Armenia and Turkey or Azerbaijan if you wanted

[@Murmilone]

You are right but it's much harder to get Georgian citizenship compared to Armenian.

[@thatswhatshesaidbro]

@@Murmilone not really this is a second opinion. War in the region is likely and it’s best to be with the neutral countries to avoid fallout on your passport. Georgia is cool with everyone in the region

[@yerlocalpeanutdealer795]

Armenia is still pretty good tbh.

[@maskmanfive3774]

Why it isn't enough ? ... Mmm ... Cos you LL be out of work then?

[@plizak]

Third!

[@mattball7074]

Irela--Oh North Nigeria!

[@mattball7074]

Armenia has the risk of military conscription

[@yerlocalpeanutdealer795]

Not for the diaspora.