Why You Shouldn’t Bank Where You Live

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There is some confusion that if you get a second citizenship or residence permit, that's where you should bank and where all your money needs to go. But that's not true. In this video, Andrew gives some specific examples to understand how to live, be a citizen, and bank in different places.
00:00 Start
0:40 Citizenship By Investment
2:09 Moving Overseas With Family
3:39 Moving to Georgia
5:38 Living in Canada
6:30 Banking Overseas
8:46 Banks in Switzerland
9:27 Banking in Turkey
11:23 Liechtenstein Finance
12:58 Moving to Portugal
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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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.

[@janpyttel621]

An older guy once told me: have your citizenship from country 1, your residence in country 2, your bank account in country 3, your business in country 4 and your wife from country 5 👍😊

[@Dan1ell]

But how can you get a bank account in a country where you have neither citizenship nor residency?

[@nobodyhome8637]

And ur girlfriend in country 6?

[@chasvonplatten1298]

Simple. What could go wrong?

[@d.mcpherson8724]

​@@joblakelisbonwhich countries?

[@NateB]

Happy bank account, happy wife!

[@xomox5316]

You make a very good point, with a growing tyranny of governments using banks as a weapon, having a bank in a nation you dont live in less chance you do something to upset that local tyranny. Canada is a perfect example

[@SaltyShaman]

Canada is going to rip down the middle if the Feds don't smarten up.

[@danielmastellari2798]

In Brazil, since just a few months the same is happening. If the government don’t like what you are saying in social media, they just cancel your passport and frozen your accounts. Having another country passport and account is the only way to be protected.

[@SaltyShaman]

@@danielmastellari2798 did this happen after the election?

[@danielmastellari2798]

@@SaltyShaman Yes. The corrupt elected president Lula that was set free in jail by they Supreme Court. The member s of the court was chosen by the president’s political party years before. Since they always use government to pay to most media, they support him. And who tells the truth on the internet can be arrested, for the member of the court, some had to flee to USA.

[@SaltyShaman]

@@danielmastellari2798 yeah, sounds just like Canada. Is he a member of the WEF like our Slime Minister? I bet he is. Same with Argentina, and we've seen what's happened to that beautiful place :(

[@Oldcrankyretired]

I'm retired in the philippines, my bank is Truist in the US. Last week they locked my account because of suspicious activity ( l logged in from a new phone number), and now they want me to appear in person with ID......... !!!

[@Imhim247]

Everything is ok now?

[@Oldcrankyretired]

@@Imhim247 Of course God will straighten this out................BUT I wish he'd hurry up !!!

[@Imhim247]

@@Oldcrankyretired Me too. Please let things all work out for you

[@stevenswinton6090]

Truist sucks

[@dennismaddock]

Gotta love banks.

[@humptydumpty20]

Andrew's comments about Canada closing bank accounts is absolutely true but hilarious LOL

[@j0hannes5]

So what criteria should you consider for choosing banks and banking countries? What are potential pitfalls? How does your main citizenship play into it? That would be a good video. Another good video (or maybe part of the same) would be to talk about potental bail ins and how to proetect yourself. And topic would be about where to incorporant, if you're creating a company.

[@miscme7116]

I live in Europe and I was planning to arrange my situation so that I move to Thailand, and after 6 months if I own nothing in my home country I can apply for limited tax status which means that my home country will not tax any income that comes from outside the home country. I am now in the process of selling everything and owning nothing in my home country. Thailand on the other hand does not tax income that comes from outside Thailand. So if I organise my work so that my income will be paid from a third country that has no income tax, for example UAE - then in this situation there will be no one left who wants to tax me and I am doing everything legally. 🤑

[@BryanPike]

One word... Kudos... for getting this message out to individuals and families looking to make this move.

[@Roundbeargames]

Separate living, banking, and citizenship. Awesome.

[@Dream4Design]

Thank you! You are only one, when I do not need 1,5 video playback speed.

[@rebeccaedgett5846]

I thought I was the only one who did this... 🤣😂

[@krtst]

As a Russian, I can attest to that! After the war began, many of us left the country. All money and accounts in Russian jurisdiction were blocked by the 'our' government. Our foreign accounts were under the control of other governments. Some of the accounts were closed. POV in 2050: "Yes, dear grandchildren, that is how I became a libertarian."

[@Murmilone]

I keep some cash in a bank vault and hope they cannot block access to it as easily as to an account.

[@acke-]

Where did you go? If u left. I'm a Swede living in Cyprus. I See lots of Russians here

[@krtst]

​@@acke- Balkans.

[@0xTheConsultant]

Ideally, you shouldnt have your mortgage and your primary checking/savings at the same bank. Prevents banks from automatically taking what they want when they want in order to get their payment. Banks care about their profits and not your current situation. Good stuff by the way.

[@okiejammer2736]

TRUTH. Thanks for this great advice, as it might spare some shock and anger to good people. AND. This CASH-GRAB sadly happens all the time.

[@aaa84gt]

I have a new business coming up and I'll stuff my money in Switzerland. I will report everything to the government, however I don't trust the government. We live in Norway and my father was involved in a big project as a middle man. He received money from an investor in his account and forwarded it to the seller. Suddenly one day the government decided he hadn't paid enough taxes so they literally just froze all his Norwegian accounts. In case of having money abroad the clear benefit is that closing accounts in other countries takes time and gives power to the owner of the money instead of the government.

[@makan1568]

That’s why I’m not huge fan of Scandinavia. You are pretty under 24/7 surveillance there. I heard that the government in Norway is able to even check how much alcohol you bought. This this freaking sick 🤢🤮🤮🤮 No thanks

[@aaa84gt]

@@makan1568 No the alcohol part is not true. The good here outweigh the bad; every nation has its cons.

[@davidunderdown9247]

I suggest starting your own food bank. Dried Beans are worth more than gold to hungry people. Two men lost in a desert, one has diamonds the other has water, who is richer?

[@722guy]

Do a similar video for brokerages.

[@terrysuggs8630]

Andrew, your videos realy get me thing. Thanks for getting us to look at life and business a little different.

[@m2smart4u2000]

This was exactly what i was wondering. However, you didn't say what are the best banks!!

[@rominaxperalta]

No way I would go anywhere near Canada!!!

[@MyBelch]

I'm a 58 year old American. I've lived virtually my entire adult life abroad. I moved to Thailand in 2006. For a retirement visa, I'm required to keep about US$28,000 in a Thai bank. Thai banks make US banks look like Shangri-La. They're horrible. And Thailand doesn't offer citizenship to foreigners anything like the US offers citizenship to foreigners. But essentially, most every other aspect of living here is better than the US -- which is shit. I retired permanently at 42.

[@StigFerrari]

Retirement visa at 42?

[@MyBelch]

@@StigFerrari Not till 50. Under 50 its a marriage visa.

[@NateB]

Do you still have a business?

[@jimroberts5461]

Andrew, you made the point multiple times about not living and banking in the same country, but you didn't say much about where the best places to bank are. You named a few places several Times each but I don't think you mentioned more than six or seven good banking countries. Surely there are more good places to bank than that? Switzerland, Georgia, Malaysia, Singapore, Cayman Islands, and something quickly about Thailand. What about Ireland? You briefly mentioned Turkey but I missed if it was a good or bad place. Maybe do one just one the best places to bank and that might help people settle the other important issues of citizenship, passports, and where to live?

[@IslamBenfifi]

Turkey is a decent place to bank. Ireland is a good one too. Armenia and Kyrgyzstan are underrated places too. In Europe, I would also consider Romania and Serbia, and in Asia, I would consider Qatar, Bahrain, and Uzbekistan.

[@MountainofInspiration]

This is an excellent point

[@chewie1382]

As a EU citizen, I was able to open a bank account in 2022 in the United Kingdom without even going there. It's not impressive, but I get the basic stuff (IBAN, card, online banking).

[@Carolinapetroska]

What's the point though ?

[@TheEmperor000]

Revolut or something else?

[@jeepmap1]

What bank is that?

[@chewie1382]

@@jeepmap1 ​ HSBC

[@chewie1382]

@@TheEmperor000 HSBC

[@KhmerMinnesnowta]

We've been traveling and living abroad since our retirement over ten years now. We find Charles Schwab very easy to open an online account without any minimum balances and no atm fees. We can transfer money very easily any where you live as Well as using their ATM card as they will credit back your ATM fees back to your account monthly. I believe you still need the mailing address in U S or UK. Sharing is caring. Happy travels in SE Asia 🎉

[@MrWaterbugdesign]

I always get a local bank account if allowed. Why not? It's not like I'm going to put all my assets there. Bank accounts are tools. I put in the amount of money I may need in case of problems. Transferring money can fail so I like a local source. I can always move more if needed, or out (hopefully).

[@sgill4833]

I use to do that until they started deactivating them from un-use. It's not as convenient isn't as it sounds.

[@michaelhovey8007]

I opened a US dollar fun account in Georgia just before COViD with $10k. I haven’t been back to USA due to COViD. I just received notice my account was closed and my money sent to the State of Georgia. However, the State has no record of that. Bank account is closed and the money is gone, and I’m facing months of bureaucracy in order to get my money back…if at all.

[@ritastiles24178815]

Oh my goodness 😮

[@matthewnirenberg]

@@sgill4833 That just means that you have to plan to deposit or withdraw money from those accounts every so often. Its no more difficult than paying bills in multiple countries. Heck if you don't do anything with your bank account every six months (used to be ever three years) in Australia they'll close it and then good luck getting your money back from the government - this is even if you're a local. The excuse is to help you find your money because you "forgot" about your account supposedly - completely ignoring the fact that your money was where you left it. Governments do this as once money is in their "general revenues" account for more than two years, they can keep it for "the public good". What's not convenient is being denied paying certain government departments or bills because you're trying to use a foreign account. Many countries such as Australia only permit money to come from local sources to pay taxes and bills - they claim this is for AML/KYC requirements. Most of Central and Eastern Europe have the same requirement for the same reasons.

[@esuil]

@@michaelhovey8007 Why did they close it?

[@NigelDeForrest-Pearce-cv6ek]

Fascinating!!!

[@sgill4833]

Most Canadians, bank with Canadian banks in the US, like TD bank. Very easy. Whenever I travel to US I take some US dollars and deposit it. So now I have easy access to it from any atm around the world. Can do the same with a Canadian bank but having US dollars is easier and more efficient when doing an fx exchange.

[@makan1568]

Ok but why you need to open an account in US in TD if you can have us account in Canadian TD bank ? When I’m going to US I’m using US account and US Visa card from Canadian bank.

[@mattanderson6672]

Thank you Sir

[@nadirlz]

Best youtube channel, Hands down 🎉

[@nomadcapitalist]

Glad to hear that. Thank you.

[@jeremybarlow2291]

I didn't notice it before, but while Entourage was a great show, Entrapment with Sean Connery & Catherine Zeta-Jones was the film that first highlighted the Petronas Towers in the mid-1990s.

[@artpena72]

This video is so true when it comes to mexico, i live in mexico and i DON'T bank in Mexico, i have a minimum amount of money just for daily spending but nothing more than that.

[@philmaturanodrums]

I agree!!!

[@nikkininedoor1480]

I really enjoy watching your videos, but this video seems like it is sped up. I would prefer your normal laid back style. I have never noticed this before. Maybe its just me ?

[@RetiredPilot]

What is your feeling on the Isle of Man for banking?

[@chipsellarole267]

Great stuff thank you again. Question: My wife and I are retiring and moving to France from the US, is there a US bank that is also in France. So I can use the same bank in US and in France

[@rebeccaedgett5846]

Andrew, I'd love to see a video about the best interest rates we can get. Which countries give the best interest rates on money held in a bank. For someone with only 6 figures, not necessarily 7 and up.

[@jimmcculloch3786]

Interesting that i don't think i have heard Monaco mentioned once !! :)

[@kryptotippytoes2088]

What are the best countries to bank?

[@rvk5615]

Money in the bank. Is that a good option when CDBCs are coming?

[@michaelbfree2run883]

what do you think/thoughts of USAA bank?

[@faramarzmokri9136]

I don’t remember you talking about France at all. They also have golem visa programs don’t they?

[@christopherhouse7937]

Does Nicaragua have any advantages over Mexico? As far as getting residency and living there.

[@jeremybarlow2291]

I mean if you have a residence in a tax friendly place with solid banking like the Channel Islands or UAE or Switzerland and you have ties with a country such as a permanent home -that is in fact a vacation home as opposed to your true habitual abode, a d that higher tax country has a double tax treaty with the residence you want to be your primary tax home it may well make sense to have your banking in that primary tax home. You will want to have your banking there, your driver's license there, your doctor there, you will want your children if you have any enrolled in a school there, you will want to make it clear under most treaties that where you have a residence is your center of vital economic interest and your primary banking account that you pay bills from, perhaps not all of your money, but your operational accounts for you personal life at the very least ie a current account that pays your living expenses should be there especially if you are for example a citizen of the country where you have a primary residence. The tie breaker rules in Malta's Double Tax Treaties with those three even more tax friendly places will not resort to where you are a national to decide your tax residence if your center of interest is clearly in the other jurisdiction. If that jurisdiction is a solid banking jurisdiction as Switzerland, Jersey and Guernsey or the Isle of Man, and the UAE are, then baking there makes a lot of sense to secure tie breaker benefits under a tax treaty. You don't want Malta to consider you ordinary resident and domiciled there when you could have your money taxed at a zero rate in UAE or a lump sum regime at a favorable rate in Switzerland or even a capped rate in the Channel Islands that is similar to the Swiss lump sum regime.

[@sgill4833]

Use grammerly my friend. To help you type clear sentences.

[@areez22]

Was initially difficult to understand what you mean but I did get it. Thanks for sharing.

[@oldmoneylifestyle77]

Buy gold people. It's a good hedge against inflation and you don't get taxed for owning one.

[@marketingmasters3550]

Yeah some of these banks are unnecessarily nosey. Maybe they like to know peoples balances so when the accounts are low they can then notify their local friends.

[@leenickshramko1100]

Where do you get the gold you show on your vid? the one gram ?

[@SaltyShaman]

I can go pan you some out of the creek if you want :D

[@alrent2992]

​@@SaltyShaman😂😂😂😂

[@alrent2992]

Google it, under bullion dealers. It's fractional gold in 1 gram pieces. And go up from there.

[@Helix_Nova]

What is your opinion on pure online?, like Wise?

[@craigm.5674]

Wise… Good to keep SOME funds and have diff accounts… but fees are a bit high

[@veggiepapa4152]

Love your show. follow it religiously. what's your opinion of a back up account out of reach of western countries... say Russia? how is there banking stability?

[@IslamBenfifi]

Russia is difficult to open a bank account there these days, and because of the war they severely limit what dollar and euro movement. Armenia is a better alternative for what you want to do. You can open BOTH An offshore company and a bank account without stepping there ever, and for very affordable fees too. It is outside the US reach and has access to both SWIFT and the Russian banking system. You can bank in dollars, euros, rubles, and local drams for very nice yields.

[@Dan1ell]

So how do I get a bank account where I'm not a citizen and dont live?

[@jamesmoore5630]

I live 110 miles from my closest two banks. Second place is 421 miles!!! Now...How will I do my banking once car's are gone and we live in 15 minute city's???

[@SaltyShaman]

Well, are you just going to sit back and let that happen?

[@sgill4833]

There's an invention called, smart phone. You should look it up.

[@jamesmoore5630]

@@SaltyShaman I don't know if the comment was aimed at me about just sitting here, but, I moved here and Lawton, has many banks, and credit unions. (Just no Chase, or Prosperty banks), Fort Sill has 35,000 soldiers, and Lawton is about 90,000 people in total. I looked up banks before I moved here. There is a Prosperty bank in Lawton. Problem is they are independent!!! I would get a local bank, but, at Chase I have about 50 auto bill pays set up. I was taking photos of my checks, and then the banks started to limit my amount that I could deposit by phone. That forced me to drive to the bank!!! Brother James Kendall Moore OSB OFS OSC ✝️

[@SaltyShaman]

@@jamesmoore5630 I think we all need to talk more about what's going on and our options, is what I mean. ;) Peace

[@FreedomWithoutBoundaries]

So are there any risks with depositing money in Mexican banks? Thank you.

[@borz55]

I guess the risk is cartel or non-cartel criminals find out you have money and kidnap you or your loved ones for ransom.

[@sydney2462]

I wouldn't do business with ANY bank in Mexico, they are all run by the cartels.

[@FreedomWithoutBoundaries]

@@borz55 Thank you for responding.

[@FreedomWithoutBoundaries]

@@sydney2462 Thank you for sharing your opinion.

[@eprn1n2]

My bank is down the street! I’m screwed.

[@HughJass-jv2lt]

😜

[@borz55]

where should I bank if I live in Mexico?

[@wkwsmith8412]

Andrew, I would love to see an answer to this. You may not know, but the U.S. Fed just recently bailed out the 2nd largest bank in the world which happens to be housed in Switzerland. 20 Billion I think. Why, because of the fiat system and all the banks are intertwined. If it collaped most all would. FDIC in U.S is ajoke

[@blyat7276]

Did they really used 20billion ?

[@ryanm7171]

Opening bank accounts in one or more multiple foreign countries can make things difficult on your loved ones when you die. That's what I am actually in the process of consolidating my bank accounts as opposed to considering opening accounts in foreign countries. Maybe if you have just one beneficiary and you put make these accounts joint would I consider this

[@111Econ]

Then you need to open a TRUST. Not consolidating your accounts. In any case, unless they're named in your bank a a co holder, the chances are the banks won't let them access it. Be careful!

[@PolishBehemoth]

What about if youre focused on more things in life besides dying? What if you have no kids and no family to pass things on to?

[@ryanm7171]

@Rainbow Lion You and I are actually in the same boat, I also have no spouse or children, but I still want to leave a legacy to charities that matter to me. I would rather consolidate now than have my executor running around the world, wasting money and resources that I would rather the charities have. Imagine the legal expenses and time that would be involved. Maybe Nomad Capitalist could do a video about what is involved when administering an estate in multiple countries. We are all different. Some don't care what happens after they're gone, and that's fine.

[@fabiogoncalves9728]

The most frequent question I see people asking about offshore accounts is: " OK, but how do we do to move the funds back to the 'old country'??? " Why in hell would you like to do that? The spirit is exactly the opposite (protect one's assets against state's tyranny, outraged spouses etc). Just get the bank's cards / online banking and use the funds worldwide...

[@ohyala]

Sometime we need money to buy house, cars, other expensive stuff. If i just use bank's card or wire transfer from offshore account. Taxation authority will be very interested.

[@jeremybarlow2291]

@@ohyala With CRS for 99.99% of the world & FATCA for Americans the tax authorities will know about all of your foreign accounts regardless. File the proper reports and accounting with the tax authorities where you are tax resident or in the case of US citizens and permanent residents with the US tax authority regardless of where else you are tax resident and avoid jail time. You will not and cannot hide money anymore. Between KYC laws and multilateral agreements sharing account information with various countries not reporting assets is going to get you into legal trouble.

[@matthewnirenberg]

@@jeremybarlow2291 Whilst I encourage everyone to not break the law, there will always be ways to hide money. Consider the following: Art, bullion, luxury homes, land, luxury vehicles and boats. These are all ways of hiding money as they can be owned through living trusts, shell companies, etc. The most corrupt industry in the world which is also responsible for the most money laundering in the world is the Art industry. If you're wondering why art, its because the value of art is subjective. To me it might be worthless but to Joe Bloggs to the right of me, it might be worth billions. Bullion is the next most common option as its a tangible that can be purchased without registration and taken wherever the owner wants it. As for why hiding money or assets is critical - privacy and safety. Public knowledge of who has what money and assets simply puts the individual in danger or kidnap and ransom or extortion. Not having privacy makes people targets. If you're not a US citizen, there are plenty of ways to legally have privacy however it will involve lawyers and govt's vouching that they know the legal owner but are not making it public for the safety of the individual and through the use of complex legal structures. Live full-time in a tax haven and its easy, live anywhere else and you're basically screwed.

[@johnq.public2621]

🎯

[@patandsandytrierweiler2440]

Had a bank executive address my college business audience. He said they sliced and diced the banking customer to determine how they chose a bank. Answer: "In the neighborhood!". Sorry.

[@sebastianpayancristancho5027]

Not always the most expensive country is the one that will help you to make the most... Sometimes it is better to reduce expenses to improve you business and solve affairs. You can keep it in a safe currency. Henderson had said this do many times. Make sure you money is available. Banking is a kind of logistics movement.

[@garrystevenssmith8927]

No mention of Crypto? Boarder-less protection of your money?

[@twig3288]

It will be increasingly difficult to protect your assets as global governance progresses. Tax havens are coming under pressure to disclose account holder details. CBDC will leave you nowhere to run.

[@Carolinapetroska]

I am afraid you're right ! It's all about control and power !!!

[@matthewnirenberg]

The tax haven's will reject CBDC or use it parallel to their own currencies - similar to how some places have a local currency and also accept the Euro. The reason tax havens will remain is they are where the "elite" keep their money and tax-free status. The "elites" aren't going to make their own lives harder.

[@bpd9660]

If you are à PR in France what's the point of bank accounts elsewhere when you are taxed on global income and properties? ... Is he promoting tax avoidance?... what are the options in my example? Wanting to continue to live in France...have can and Italian passports... retired, ... just permanently moved from Canada to France.

[@trer04]

Bitcoin fixes this.

[@marksawesomeadventures]

You weren't clear about this, so that's why I mention it, Form 8898 is completely DESIGNED to Screw you if you leave your Money in a U.S. Bank and you Move someplace else. Look at the Form. I kept listening for a good Suggestion for WHERE you SHOULD put your money, but you never really said Where. Except maybe Malaysia.

[@cdmorrissy3692]

When I "retire" to P.I. I'll leave my cash in US banks; Citibank, Charles Schwab and US Bank. I will open a P.I. bank account, but I'll only keep several thousand dollars there, just in case I have some "issue" transferring money from my US accounts, until I get it resolved.

[@herbertfreeman8614]

Why have a bank account anyway for more than cost of living, when every gouvernment can be tempted to lay hands on the money? I rather have precious metals stored in a secured Warehouse - and not a bank that informs the gouvernment by law - to switch by relations of the pricees and even earn "interest" out of it.

[@alrent2992]

Possession is 9/10 th of the law. Storing valuables with somebody else is not secure at all. Go live out in the country side. Create your own vault room underground and/ or cellar. Become self relient.

[@mtd963]

Stable coins bitcoin and eth and CDARS

[@harryukraine]

What do you think about Raiffeisen in Ukraine? It's an Austrian bank with branches in Ukraine. I'm tempted to open an account when I visit the country. I have to wait until it's safer.

[@frankmetzler779]

How is this going to work out in a multipolar de-globalized world?

[@borisyurinov4822]

Your nose and glasses look like they came off Mr Potatoe. Good info , agree with you.

[@theolacroze9414]

What a soup of words...

[@AA-tb7rg]

Switzerland has a bad history when it comes to banking. A lot of Jews were refused to have access to their money in WW2. They were in a weak position, and Switzerland took advantage of it. Maybe somebody can elaborate further on that...

[@HughJass-jv2lt]

I mean.... why would anybody honestly care? That was 70 years ago

[@pluisnonplux9728]

​@@HughJass-jv2lt History repeats it self.... right now.

[@HughJass-jv2lt]

@@pluisnonplux9728 fair enough 🤣

[@HotelEuropaBasak]

Super freedomchannel

[@ltumbtc8102]

06:08

[@jamesbennett4270]

Andrew, I'm having a hard time grasping your statement about having one passport is bad because they can cancel it, prevent you from leaving etc. However, could you not just have an authentication service done on your Long Form Statement/Certificate of Live Birth (appostille) and use that as a travel document instead of a passport?? I'm not sure how many countries accept them though?? Perhaps you can comment???

[@johnpratt7439]

That’s not a thing. If you have a longform birth certificate just go back to your country of birth and get a passport. Air travel security people (especially TSA) are not going to know what an apostille is.

[@0xTheConsultant]

@@johnpratt7439 I think hes talking about using your actual birth certificate as a "passport." In the USA, I don't think they allow this anymore. I could be wrong. I took a trip to Dominican Republic back in 2005/6 and was able to use my birth certificate going through customs. Both sides respected it. The USA is moving to the REAL ID. For the documents that are required to get it you might as well just get a passport as well.

[@BetterYet]

Canada stopped that back in the late 90s. It's a passport or stay home. Passports prove 2 things. Who you are and what you are. Both of those are required at any point of entry and only a passport does both.

[@mariowario2280]

That just doesn't make much sense, in my opinion. When you are going in and out of countries you usually want to pass immigration control without answering many questions. Once you don't have your passport whit you, they will start to question why....and why it was cancelled...and on and on. If you have a second citizenship with a different passport you avoid those problems.

[@PolishBehemoth]

​@@mariowario2280 thats assuming your passpirts are with you at all times.

[@AshiqueAbdullah]

I was expecting you would recommend the UAE for banking. It's one of the best places in the world to keep your money safely.

[@IslamBenfifi]

The UAE are notorious these days for scrutinizing and blocking every cent until you go full questionnaire on how and where and why you got it. Not the most pleasant customer experience, but as you said, it is a safe haven. I'm contemplating physical gold storage there too

[@gigir8755]

​​@@IslamBenfifiwhich company in the UAE you consider safe for storage for metalls?

[@scosal7100]

Is Panamá an exception? I feel safe banking there and I wouldn't mind living there.

[@gabesimmonds8421]

They to tightened the residency requirements last year August. I believe now you have to invest or have an account with $350k to qualify for residency since the friendly nations Visa program ended Banks are solid but you won't be able to open a bank account if you are not a resident or a citizen.

[@AquariumRuss]

@@gabesimmonds8421 Funny fact: you can enter ANY Latin American country without a visa with a Russian passport, apply for a residence permit on the same day, no one will ask if you have money, even if you indicate that you need a residence permit status to earn a return ticket - the application will be approved with a probability of 99. 999 %. at the same time, in most cases you get health insurance from the state as a gift and a reminder that after 3 years you can apply for permanent residence and citizenship.

[@gabesimmonds8421]

@@AquariumRuss Not always. In November 2022 a Russian national applied for Panamanian residence but was unable to wire money from Russia into a Panamanian account as required. They tried several banks for him but due to the sanctions none would take the risk. True story.

[@scosal7100]

@@gabesimmonds8421 I already have an account there. I'm s permanent resident. I got processed late July, 2021, just before they changed the requirements. I believe FNV is still available, it's just higher bank deposit like you said and now it takes 2 years to get your permanent residence whereas mine took only 6 months under the old rules.

[@rapidresponserepairllc.man9552]

Hey how can I reach you about some specific questions?

[@ashokdutta8321]

Malta has the worst banks in Europe especially Bank of Valletta

[@NewCastleIndiana]

I always feel like I’m not the target market here depending upon the definition of seven figure entrepreneur. I’m employed, is that precluded? Barely 7 figure net worth.

[@biglance]

Bitcoin solves this all. Sell locally get cash, get a safe deposit box or safe in your condo/house no one knows anything. Not for everyone for sure, but it might be a thing in the future. peace.

[@marilynd3996]

Words coming fast and furious. Hard to understand, let alone listen to.

[@alrent2992]

😂😂😂😂

[@pluisnonplux9728]

I put the speed down to 0,75...

[@kevinclites7641]

I feel like he makes a lot of unsubstantiated random, but specific claims just to seem credible. For example, in Turkey you will be just fine with foreign credit cards.

[@tntfyah]

I hope they will do consultation. I’m not a 7 & 8 entrepreneur and I trying to get a second and third passport through decent but have run into a problem and wonder if they have come across this issue with other clients.

[@SaltyShaman]

He has many videos about citizenship by descent. If you search the videos on the channel, they should come up

[@thumbodyelse21]

have thought of hiring a local lawyer to deal with those issues? which countries are you trying to get?

[@tntfyah]

I’ve checked his videos no answer on my problem. My problem is that my parents and grand parents are still alive so from what the embassy are staying they have to renew their before I can my own. My parents are in there 70 and grand parents are in there late 90. It is for 4 countries so lawyers will get expensive to find a good one.

[@thumbodyelse21]

Well if your parents or grand parents need to renew so you could get the passport. What is the problem?

[@matthewnirenberg]

@@tntfyah Something must be getting "lost in translation" between the embassy and you. Whether or not your parents or grandparents have current passports is 100% irrelevant. What matters is that you must be able to prove that they are citizens. If they have never held passports from that country then the issue is that their status isn't confirmed and thus you have to start with the first generation who aren't confirmed and work your way down to you. If there's a gap in the line of citizenship or if one of them ever renounced or was stripped of citizenship then you're stuffed. What are the four countries? Maybe only focus on one or two for now and deal with the others once they pass so you can file based on their birth and death certificates.

[@dixztube]

Boy this sounds like gold for Russian clients

[@AquariumRuss]

What are you talking about? I am Russian, and I know for sure that everyone is happy to see me, always and everywhere. I am welcome in China, India, Turkey (this is interesting), Iran, Brazil (this is VERY interesting!). but, no one is so glad to me as mom- Moscow. I know for sure that Putin will not leave any horns or hooves from Afropa. and I will have at least the slightest opportunity - I will help him in this!

[@InvestgoldUK]

And EU citizens in 2024, perhaps?

[@guirenault22]

Bitcoin solves a lot of these problems

[@baronsilverbaron757]

Buy Bitcoin.

[@guldurslotten5478]

Please slow down! You’re speaking too fast. Why bother making a video, if you make it so hard to understand, especially for people for whom English is not their mother tongue?

[@HughJass-jv2lt]

Change the playback speed of this video to 0.75 and turn on closed captions

[@enogur5]

you are not saying anything while talking omg

[@almaguapa-sailboatliveaboa440]

Sorry, but you got me confused with your to many stories and smirks. Should this be simple based on facts.

[@dirgesinthedark5637]

Talking speed has increased must slow down. Can not listen

[@alrent2992]

We are in the last days don't you know. Now hurry up! 😂😂😂

[@calvinspiff4348]

I love your channel. I can't wait to be a 7-figure gentleman who can live like you suggest

[@PolishBehemoth]

Cut back on the porn and booze. Cut back hanging out with losers. Cut back on video games. Cut back on sorry ass jobs. And you will get there eventually!

[@SpinodoDragon]

I thought you weren't doing videos anymore?

[@alrent2992]

His team went on vacation all at the same time 😂😂😂

[@gabesimmonds8421]

I am land banking now. USD seems too shaky , lately maybe invest in a basket of currencies. Not sure about Georgia, as a non resident and non citizen. When the fatca came out in 2014 I looked into Belize just for banking purposes and the banks looked solid and viable.