Why You Should have Multiple Citizenships (Second Passports)

i've never told you all the reasons why second citizenship is so important to me i'm gonna do that today and i'm gonna tell you why it's so important especially as many of the options that have been available may no longer be in the future [Music] hi i'm andrew henderson this is nomad capitalist where we help seven and eight figure entrepreneurs and investors legally go where you're treated best and i want to talk to you today about all the reasons why for me citizenship by investment is so important i'm going to share the strategic reasons we've been talking about many of these for years but i'm going to elaborate on some of those but i'm also going to open up for the first time ever on some of the personal reasons and share with you why i think that being diversified is so important and so i think the the the big reason right now especially in this climate is being diversified whether you want to be a citizen of a big country like the u.s or not i made the choice not to be but whether you want to be or not i think you want to have a portfolio of citizenships and of residences that allow you to go or you're treated best as we say you look at countries like the u.s these are the opposite of agnostic they tax you no matter where you live and they certainly tax you if you live there they have regulations there's potential drama being a citizen of the country if you travel they may subject you to certain limitations we've seen that in australia in canada in the u.s in germany in austria and other countries in the last couple of years these are countries that want to rule you you look at having an agnostic country in your portfolio you look at the caribbean citizenship by investment look at some of the citizenships you can get through descent for example we're just doing more of those for people as we speak and citizenship by descent by the way isn't just in europe it could be in the caribbean it could be in latin america we're doing a couple of those right now as well having a country that's agnostic they don't want to bother you they're at peace they're not in wars they're not taking people off that's a beneficial thing being able to live in different parts of the world is a beneficial thing in a time of geopolitical uncertainty the idea that you can get into asia which is more likely to be a residence permit than a passport get into parts of europe okay western europe parts of eastern europe latin america all these areas have advantages if you can get a citizenship in latin america or the caribbean or south america whether you're going to get it in six months through a citizenship by investment program or whether you're going to work to it through a naturalization process or a permanent residence program like that in colombia either way having a place where you can go you know latin america certainly is a bit of a dramatic place it makes it fun in some regards there's plenty of places you can live that are safe but you're generally away from a lot of the instability in the world you have the ability to take care of yourself you have great agricultural opportunities um you have great people and so you know having a citizenship in that part of the world where people are a bit more open people are welcoming you have options to take care of yourself that's very valuable the ability to travel is important the ability to not be stuck is important and we've seen that in the last couple of years as travel has at times ground to a halt i recently took a trip between three countries where either had a residence perimeter citizenship in each one of them and here's how that feels differently and i'm someone who's traveled for years especially in this environment but really in any environment you know you know what if something happens and i get stuck whether it's a plane delay or something chaotic happens hey i'm at home here i have the ability to get in i'm not going to be waiting in a long line i'm not going to be wondering whether i can get in i'm not going to be wondering if my passport is good enough or if my country started a fight with his place i have access and it's a different feeling i can tell you i have felt more and more comfortable as someone who likes to live in different parts of the world as someone who believes that it's beneficial to have homes in different parts of the world to protect yourself not only for lifestyle reasons but i like getting a bite of each different culture but again when uncertainty breaks out in one part of the world you can go to the other and you can benefit you can take your family by the way um with what's happening right now in ukraine i opened up my home in istanbul to folks to come and spend time and i think that you know having homes around the world is a benefit that you can um you know use them for your business use them for your family use them to to help people uh when needed and so you know for me having diversification making sure i'm never stuck being able to go to different parts of the world being able to travel is very important for having passports residence helps but passport's the highest level passports offer the highest level of certainty i just again happen to enjoy living in different parts of the world and i know that i have a connection to a place i know that i'm going to have the ability to get in no matter whether it's a pandemic no matter what's happening in the world this the passport gives you certainty on top of that different passports give you travel privileges again it's not just visa free travel where can you go but it's the ability to go and live in that country certain countries we talked about el salvador's passport recently they are part of what's called central america four ca4 you have a certain level of access to three other countries in that region caribbean citizenships the ones that are available by investment are part of the organization of eastern caribbean states they're also part of caricom you have access to go to other countries obviously the european union is a collection of countries in southeast asia asean not so much residents and citizenship but certainly there is enhanced travel benefits in south america more cousure some extra benefits certain passports may allow you to travel with an id card may allow you to travel for a longer period of time may allow you to stay for as long as you want in another country even countries that aren't in unions together sometimes allow neighboring countries to have unlimited stay and so you can essentially live there whether it's tax benefits maybe a country has great tax benefits if you're a citizen of dominica and you can go and live in saint kitts and nevis that offers tax benefits that you wouldn't get living in dominica right and so there's there's situations like that around the world certain residences and passports give you extra visa free travel and certainly having different passports means that especially if you're not going to have a western passport which i think now obviously americans have had an issue with some of the drama some of the taxes some of the regulations that come with being a u.s citizen i think you'll see more western countries do that i think you should be planning potentially for a time when you may not be able to have a western citizenship even if you keep it and most people do want to keep it but plan for okay what if what if i remained a citizen of canada but they refused to renew my passport for some reason how would i get around well if you had a caribbean passport if you had a european passport if you had an eastern european passport if you had a south american passport if you had a couple of those from that list together you would have a pretty good travel pattern you'd be able to go to most places okay so putting a couple different passports together that each offer different things i've talked for years about how turkey citizenship gives you visa-free travel you'd have a hard time finding with most other passports that are available in the commercial marketplace now if you have citizenship by descent if you're keeping a t or a passport that may be easier but i mean turkey plus something else you know it's very interesting for some folks who want to travel and i think traveling for business traveling for pleasure traveling to explore opportunities is very uh interesting so those are all the strategic reasons that i think having multiple passports makes sense and with all the ks in the world not just this year not just in the last couple years but in in just in the world in general having options having places to go having certainty is important to me certainty is so underrated let me talk about the personal side i grew up in the u.s i never felt that the u.s was my place both as a child um i was not particularly patriotic i pushed back against a lot of what the u.s did i've got people now who are saying oh you're talking about ukraine what were you talking about maybe i was talking about that 20 years ago uh i never fell in lockstep with the u.s my wife uh doesn't entirely believe that that she uh you know feels like she's from where she's from um there are plenty of people out there who just don't feel like they fit in the culture is changing on them and so for people like myself the idea of citizenship was to have an identity there are places where i go in the world where i get along with people much better than i would in the u.s now cultures are different and i may not entirely fit into their culture in some cases but i have friends who represent my values they represent uh in my opinion great friendships and you know having a citizenship to me is an identity um one of the things that i suggest people check your family tree are you entitled to citizenship by dissent if you are get that right because i think that there's there's an identity that there's a wholesome purpose in saying hey my grandmother was irish and i'm going to reclaim that and keep in the family that's been something that i've had difficulty doing through parts of my family tree i would love nothing more to have a place that was part of my ancestry in my passport portfolio to be proud of and so you know one of the reasons why i've talked about having multiple second passports recently is i think for some people this is very emotional maybe they they like their country maybe you like where you're from maybe you don't have a problem with the us maybe you get along with people there um but the idea of saying hey the fastest path to get a backup plan maybe the caribbean citizenship by investment but then if you could go through and claim that italian citizenship claims we're helping someone right now their guyanese citizenship claim whatever you know we help someone a while back with an asian citizenship through your parents grandparents great grandparents to me there's a point of pride in that if you can't do that i believe you should be able to have the identity that you want i think that one of the challenges i see and this has come on the radar recently with everything that's happening in russia where russians are um you know being being thrown out of everything is what if you don't agree with what's happening in russia what if you don't agree with the government russia or belarus um you can live somewhere else right and eventually you can get another citizenship but you're always going to be listed as born in russia born in belarus for me i will always be listed as born in the united states and it's very sad for me honestly that that can be used against you born in iran it's another one people use it against you people will tell me oh but you're always an american and then when i go to apply for a certain something when i talk about hey maybe i want to get this residence permit they say oh you need to pass an english test now i'm a citizen of saint lucia so in general i can i can get by without taking an english test as a st lucian but i'm like you know i lived in the united states for 27 years i mean in a sense i am american i'm like no you're not you're an american look it says right here you're this and then when i don't want to be american they're like well you know you must support the u.s foreign policy you must support this you must be that you know americans are dumb americans are this um i want to have an identity that suits me and you know if people talk to me about you know where you're from uh i'll either have depending on who it is a glib answer if they're a smart person i'll explain it very simply i'm from the united states it didn't have my heart now i've found my home somewhere else or i'll simply just uh say you know i don't talk about it it's not your business sorry because i want to be able to have the identity that i want and i don't want it to be from the u.s if you want to have the us as your identity i'm not against you we're all to have a different opinion there's no need to there's no need to to shame me for wanting to have a different identity it didn't work for me as a place and on top of that the fact that i mean the the the u.s says hey you don't want to live here that's great still pay us we're going to regulate you we're going to make your life difficult it's rubbing salt in the wound i think a lot of americans renounce their citizenship it's not over taxes it's because taxes are the insult to the injury that they've already incurred and it's like a bully who then you know gaslights you why why don't you like it when i hurt you and so i don't want that kind of country to be my identity i don't want the stuff that the u.s does to be my identity we talk to obviously a lot of americans here in this channel but for me i would rather be a citizen of places where i feel like i have earned my way in some of the most patriotic americans are the ones who have naturalized and one of the hardest groups that i've ever seen to give up citizenship are people who who are naturalized themselves or people whose parents naturalized immigrants it is almost impossible for them and so if i ever have an immigrant couple and one of them wants to get out of the u.s system i say let me guess it's the person who's you know sixth generation born in the u.s not the person who's second generation um and so for me if you get citizenship somewhere else now you know is st louis you're going to be your country st lucia may be a flag of convenience but i think if you're going to get multiple second passports which i do believe is the trend now find one you're proud of find one that say i love it um that could be i had some folks recently who said we love turkey we fit in there we never fit in the u.s we love turkey we're getting turkish citizenship not even for diversification we're getting because we want to live there we want to secure our access to living there and we love it we love the people the food the culture it's all great for someone else maybe it may be somewhere else um and so you know having an identity is important in this world you're never as a nomad capitalist going to convince everybody that you are like them i mean people have a hard time understanding why why do you have multiple passports where do you live you know even when i've been to the bank in singapore and i say oh i'm not a us citizen anymore they say oh you live in malaysia are you a malaysian citizen now i said no one becomes a citizen of malaysia you would think people would know that but people don't you have to learn to live with that but yet you get to craft the identity that you want for yourself as a global citizen but for people who want that sense of belonging something in all fairness i probably was missing in the u.s i never felt the sense of belonging and as a result i never felt any kind of patriotism now perhaps if you took me to here's a western country i could have been born in that i do like a lot i love the people is ireland maybe if i would have been born in ireland i would have been patriotic for ireland and we wouldn't be here but the lessons that i've learned have taught me that yeah diversification as a business person as an investor as a high net worth individual those are important but the sense of belonging in a sense of of pride the sense of identity the sense of certainty that you have a place where you can go where it's not your home country but you're accepted that for me is why i have passports i've built one of the biggest passport portfolios out there that probably most people don't need that much diversification it's been strategic it gives me the option to live and do business in places but it also gives me the ability to feel at home and to bond with those cultures if i want and in some cases i have and so i think that that is an untold emotional aspect of having different citizenship it speaks to the strategic goals of having more than one extra one and i think it will really help you if you have a sense of pride and you want to have that in your life customize yourself to the global lifestyle we talk about don't stop now we've got well over a thousand more videos here on youtube for you to watch and learn how to go where you're treated best and if you want to work with nomad capitalist personally go to nomad capitalist.com apply learn about our unique tried and true process garnered over years of experience and learn how you can become our client

Channel: Nomad Capitalist

Views: 60,516

Keywords: nomad capitalist, go where you're treated best, second passport, dual citizenship, travel around the world, us citizenship, why i have so many passports, Business Diversification Strategy, business tips, business tips and tricks, situation in ukraine, russia ukraine war, russia ukraine conflict, citizenship, global citizen, living in the usa, pros and cons of living in the usa, passports, buy passport, how to buy a passport, buy a passport, best places to live, cbi program

Id: Fz7PYZ_nw90

Length: 16min 3sec (963 seconds)

Published: Sun Mar 13 2022