Get a Cheap Second Citizenship without Moving
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- čas přidán 26. 05. 2023
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Some time ago, we coined the term “paper citizenship” to refer to a second passport that you can get relatively easily without having to spend much (if any) time actually living in the country where you’re trying to obtain citizenship.
The process of using a paper residency to get citizenship is fairly straightforward.
Generally, you must first get a temporary or permanent residence permit in the country. Then, you take that piece of paper, put it in your pocket, and leave the country.
Depending on where you get the second residence, you might have to come back for a day every six months. Maybe you only need to pop in once a year.
In this video, Andrew shares how paper residence works.
000:00 start
0:21 How to Use "Paper Residency" to Get a Second Passport
4:45 Residence Permit in Costa Rica
6:08 Residence in Colombia
7:42 Residence Permit in Portugal
The Nomad Capitalist is the world's most sought-after expert 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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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.
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.
The problem I have run into is that getting the pass port takes MUCH longer than advertised. Once they have your money they don't care. I have waited over 10 months for mine.
I agree with others that say Nomad Capitalist needs to have packages. For instance. I should get my pass port soon. That is the easy part I think. I don't need help with that.
Moving shouldn't be that hard. Lots of people move.
The hard part is getting any wealth out of the US. There no simple guide lines. Even a prices based on filling out a questionnaire would be good. For instance a retired person will have different needs than one still making money, crypto traders or running a small business.
From our experience, lots of people who say "I don't need help with that" end up needing help for that. We charge people accordingly for what we believe is the most unique, most valuable service that we wish existed when we started. Many people won't realize the value of such service until they get started, but we'll be here when they need us.
You say packages to get your passport "soon". You do know that passports come from governments, it's not within the gift of NC to speed this up.
@@mikefish8226 It helps to keep prodding to hurry up. Some countries will accelerate get the passport if you pay them extra money. I wonder if they keep their promises.
Getting wealth out of the US easy bitcoin transfers at the speed of light done now my wealth is outside of the US 😂
@@Josh-py9rqby jewelry. Easy
I get the $25K business model, but I wish Nomad Capitalist could create a package for the not yet so high income/net worth individuals who desire freedom and are just starting out on their journey towards high income/net worth & freedom. I'd gladly pay say $500 an hour for a few hours visit/consultation to get some key insights and advice on my plans & ambitions.
I couldn't agree more
Couldn't agree more
I think $500 is nothing to him
@@jubaaissaoui5678 He's not doing this alone, he's probably got employees who are acquiring this knowledge, this could be worthwhile surplus income for them, just an idea, maybe when someone else gets to where he's at they'll offer such a service...
Speaking from experience, it doesn't work. There is always going to be some "unknown unknown" that goes unaddressed, and we don't want to be blamed for it (and believe us, this audience would blame us!). We're happy with our business model and would invite you to come see the level of complexity involved and how clients save money long-term by paying a bit more upfront: www.nomadcapitalist.com/apply/
I must admit, I'm in a bit of disbelief at the recent changes you've made to this video - removing the background music, specifically. This change has dramatically enhanced the viewing experience and I can't thank you enough for it.
The fact that you not only read, but also implement feedback is truly commendable. It's rare to find a content creator who places such a high value on their audience's input, and for that, I want to express my deep appreciation.
The removal of the background music has made the focus on your actual content much clearer. I'm in awe at how much this small change has improved my overall experience. I genuinely hope to see this music-free format continue in your future videos.
Your commitment to bettering your content for your viewers doesn't go unnoticed. Thank you for your dedication and attentiveness to our feedback.
Eagerly looking forward to what's next!
They got rid of the trainee 😂
Back to the soothing tones of Andrew's voice.
@@Xrusader ASMR Capitalist? 😂
@@TheEmperor000 It was a little funny the first 20 times...
@@infinitego waht this mean
Andrew please know the reason I watch Nomad Capitalist videos is because you are doing them. We don't care about your past, we all have that. We care about you.
Thank you Andrew.
I'm Norwegian and I got my second citizenship in Costa Rica. While the Costa Rican passport definitely is decent, it doesn't really give me access to a huge amount of additional countries. One exception is Russia, but that isn't really worth much these days. I still enjoy alternating nationalities when traveling though.
How did you get it, please?
In Russia u get better tax treatment than norway. I'd say it's better than norway
@hkrohn was it hard to get?
Can’t believe you got Costa Rica (I mean plus Norway) . Why did you do so if I may ask ?
Russia LUCKY YOU! Buy property it will be cheap at the moment and it will come around. It’s Christian white and already. been communist ….its not going to be commie again whereas the west it going through its communist take over
Andrew is on fire lately!
With good reason.
Bahamas is apparently quite simple, just have a residence there, seems they changed the programme, but on the other side it has hurricans and the soil is not very stable.
Great content thanks😮
U can get it if your parent(s) are from another country that allows dual citizenship.
As dutch, how about open a bank account and live for up 4 months (maybe pensioner visa Age 55+) in Slovenia?
How are they in terms of cbdc, smart cities....
Thanks Andrew
Knowledge is Power
I have two passports now working on my third providing additional opportunities. All achieved on my own.
The Swiss thing is interesting. I looked into it from an ancestral point of view. My ancestors emigrated to German territory in 1649. The rest of the family stayed Swiss and are still in the place of origin. I can't get citizenship by decent. I also can't get my German citizenship back either as I served in the Australian defence force. Those two are out. My wife is Thai and we have properties there so that's the goal in the next 5-10 years.. I have another option but that's secret
@Nomad Capitalist Can the 1-day-per-year be completed by a legal proxy/representative or has to be done physically in person??
Would you please do a segment on Greek dual citizenship thanks
Paper residence or temp resident is a term that has been used by many gov employees in the US for decades. I remember using this term in 2001.
Link?
Which country do you recommend ?
Im going to retire in the Gilligans Islands in about 5 years
Thank you
You're welcome.
The title suggests this video will discuss a 2nd citizenship available without moving. The video didnt mention the country or any of the details.
The concept of what we coined "paper residence" was, with an explanation of why we don't discuss those countries publicly. One of them is because "capitalist" is in our name and after 4,000 free articles and videos we eventually expect people to pay us if they want the benefits of 15 years of in-the-field research. 😊
I agree. Extremely misleading title. It felt like the title should have been something like “reasonable countries for second citizenship”, or “what others countries expect for naturalization”. The content covered in the video is 100% NOT what was in the title. Will NOT watch another of these videos and tell others to stay away.
@@nomadcapitalist I can understand that you're a business, while at the same time finding the clickbait title shitty.
Are there certain countries that want extra funds to insure your client's application is not lost.
Paper residence in Costa Rica and Paraguay sounds good to me since I already speak the language.
Best advice for good. We trust you.
$5000 in the bank and you get the passport!? Wow wish I knew about that one. Are there any like that these days??
I think the bigger issue would be extradition.
I have a question for Nomad Capitalist. My Fathers parents were both born in Poland and my mothers parents were both born in Italy. Can I obtain a passport for both of these countries? How difficult would it be and how much would it cost?
Hi, If your parents have citizenship, you might be eligible for Citizenship by Descent program. Find more information about our CBD program here: nomadcapitalist.com/products/citizenship-by-descent/?
@@nomadcapitalist not my parents my grandparents
If at least one of your grandparents were born in Poland and have resided there since 1920 you were eligible. Same thing for Italy but I don’t know about the year requirement if they have it at all@@rayrunn9441
That's some thumbnail ya got there... ha ha.
Love the channel.
11:52 Thanks, Andrew and team!
You're welcome. 😊
My aunt and her whole family did this for canada. On paper they were on welfare and they collected most benefits. But they lived back in pakistan as doctors. And they would periodically come and go. But since they never spent much in canada, their coffers filled. They do pay taxes on the property they bought. But they rarely lived a few months in the past 5 years.
Same , I did the same . My mum gave birth to me in Canada and then we went back to Pakistan. Now working in the UK and have all three passports. My mum was also on benefits and we bought a good house back home with the benefits money
@daniyalbbd5281 This isn't something to be proud of. You are effectively stealing money from a country that is meant for the residents of the country who need the aid. Not well off people to build family wealth. Lol. Stuff like this gives all desi people a bad name. I gave that example to show how terrible it is. Desi people (pakistani, indian, etc) are known worldwide as being hard working and contributing to society. This is a great lesson to teach to your kids, hope you see the way.
I sponsored my wife, am.i elible for bajan citizenship? What would it take?
Andrew : are you managing a business /company for passports and eresidencies?
Yes.
on low speed after listening few times realised you said paraguay where deposit $5000 was possible and not colombia
I'm American and have Irish citizenship by decent (dad born there) and Italian citizenship by decent (grandma born there). Tri-national US, Irish and Italian.
How can we help you?
Hi
and?
It’s very decent of you to know your descent!
what is your opinion on a Mexican residency/passport and a second citizenship?
Hi, here is an interesting article for you:nomadcapitalist.com/global-citizen/get-residency-dual-citizenship-mexico/
whats best after acquiring Canadian citizenship? where to go? next best option
Here is the interesting video about that: czcams.com/video/pchg_9o2Dqo/video.html
seasteading?
Andrew, my wife is an Italian citizen and so I have access to Italian residence and eventually an Italian passport. Do you have a way to simplify this process? We plan on retiring in Rome eventually. I'd love to travel to Cuba under an Italian passport.
I am on the same situation. We gotta pass the B1 Italian test to get the "pasaporto" + "codice fiscale", though the "permesso di soggiorno" can be used at any time.
The Club of Rome.
World Bank
to Skull ☠️ and Bones.
You can travel to Cuba as a US citizen right now.
@@johnnyg1229
🤣🤣
Not as a Tourista....?
@@HughJass-jv2lt Not sure what you mean with the lol emojis. In any case, I traveled to Cuba and when I was asked Why at the airport (they give you a small form to fill), I checked the box "to support the Cuban people". That's what US citizens should choose on the form.
What is the benefit of paper residency? I have a second citinzenship. What is the benefit?
I like the nonsense that a bunch of countries pulled during Covid. It gives you an option to go somewhere else. I have German and English citizenship through each parent and it wouldn’t have done me any good during Covid. Thank God I have a place in Florida.
Hey, could you make a video about the new 9% tax in Dubai? Does it apply to freezone companies, etc...
We help our clients with these issues every day. If you need tax help, you should probably pay someone rather than relying on CZcams comments. Feel free to email help@nomadcapitalist.com if you'd like our help.
Nobody should complain for a 9% or 10% tax.
This is a freely available public info they want to sell to you. Google "Corporate Tax - Ministry of Finance - united Arab Emirates". You will find very straight forward answers to all of your questions there. And beware of the information you get on this subject from unauthorized persons. Saying this as a lawyer practicing in UAE for the past 19 years.
It is certainly worth acquiring / claiming dual or multiple citizenship; however, NONE of them are cheap!
Citizenship by descent is cheap. Do you qualify for any?
@@CountofSerenno yes. I have Italian and Portuguese citizenship. They were not cheap to claim-a few thousand dollars.
@@angelosedacca1940 Oh nice. I have British ancestors from 1800s and German ancestors from 1700s but I don't qualify for either of those citizenships. I'm getting Grenada citizenship by descent which costs only $350XCD. I'm Canadian.
@@CountofSerenno, Congratulations! Is that equivalent to $350,000 USD
@@angelosedacca1940 No, $130 USD. Very cheap. Not including a medical exam and notary public fees.
Hello! Hubby and I are recently retired, 59, in Canada. We're fine financially. Wondering if we should leave Canada and live happily ever after elsewhere. Any ideas? Should we move our bank accts to the new country? Do we need to legally say bye-bye? What's most efficient? We have a daughter in Canada, so hope to help her out financially occasionally. Thanks!
Well if you move out of Canada you guys don’t have to pay taxes as long as you don’t make money in Canada. I would suggest either Ecuador or Colombia in South America , Spain in Europe and Thailand or Vietnam in Asia very cheap and you guys have very good quality of life not crazy as in the states
Not Vietnam. A friend just run away after 10 years, the corruption is allegedly off the charts
@@saidhanchander2138to
El Salvador. Seriously
You don’t know how good you have it.
I'm looking for a second citizenship so I can change my last name without moving? My current country forbids that? I know in Turkey you can change your name or last name without much problem, but it's a little bit too much for me, do any of the below $200 000 citizenships slow for last name changes while applying for the citizenship?
What's wrong with your name?
are u ashamed with Mehmet last name bro?
We discussed this: czcams.com/users/shortsU_rsC8aezMA
@@nomadnationalist2776
As far as Europe is concerned, turkey 🦃 is of Arabs stock. Plus the religion came from Arabs. Allah is an Arab god invented by Arabs.
Hard to see it any other way.
Where are you from and where do you plan to move ? I’m planning for Portugal
Why does no one speak about cheaper ones like Argentina, Puru and Paraguay? These are like $5-10K ??? Ans they are well index ranked also.
Because that’s one of the options he doesn’t want to “speak about” publicly 😂
What$5k ?
Before trying to get a 2nd or 3rd passport consider which countries allow you to stay for long periods of time with your current passport or passports and then consider if you like those options!
Sometimes the benefits increase or decrease, or may increase for some places while decreasing for others.
Hello Andrew couple of days ago 1 lawer from UAE made a video that if someone have 1 Million worth of crypto currency so can apply for a 5 years Golden visa, can u confirm it please? or any other country have such program? Thanks
You're more likely to get a golden shower 🚿 with your crypto being confiscated in a crisis.
Feel free to contact help@nomadcapitalist.com.
*STOP USING* the ANNOYING _Background Mu-_
oh wait, Nevermind.
☀️😎☀️
People need to get together to decide if this person is Swiss enough. That doesn't seem to be a problem for all the Muslims and Sub-Saharan Africans thronging the streets of Zurich and Geneva.
What happens if one is stateless? A relative of mine is in this position Briefly, he came to the UK on an Irish passport and then after a year was told his details were from fraud due to some sort of different spelling. HE was born in India and it is quite obvious he is not lying. After all, DNA trumps paper mistakes made a century ago. But of course, immigration doesn't take DNA into account. In any case he's on a 10 year plan to gain ILR in the UK..68 years of age but wants the ability to travel in his old age. Are the options investment for citizenship routes?
Go back to India?
due to recent historical events, do you see U S citizens being less welcome in certain foreign countries ?
Yes.
Depends and varies by region and country, some have become much more welcoming or offering much longer visa-free stays to U.S.A. citizens than ever before and a few or some have decreased it or removed that option.
Panama, India, Dominica, nowadays offer 6 months visa-free, Georgia, Albania, up to 1 whole year visa-free, in Palau, Marshall Islands, Micronesia, can stay and even live and work there as long as you want (an open secret available for decades to citizens of U.S.A.), there are then of course also the U.S.A. territories of Puerto Rico, Guam, American Samoa, etc.
The countries that have or may have decreased options for U.S.A. citizens are usually those that have political conflicts with the country and or allied with Russia and or China in terms of geopolitics.
Doesn't Paraguay require you to denounce your previous citizenship?
Not if your current country has reciprocity for dual citizenship.
It does, the only countries it has reciprocity agreements with are Spain and Italy.
Would you recommend Ukraine citizenship? I would like to move to Bukamut as it seems nice.....
you can not have dual citizenship in ukraine
War torn country. Careful with that one
Tenth!
Buying citizenship its always a very BAD Idea! If you have money you can always open a business and stay in every country you want , as long as you want and after 5-10 years you will be citizen like everyone else! Its stupid to buy citizenship instead!
it depends what you value more - your freedom/the time saved granted you have enough money or 8 years of your life spent in another country, id rather just pay the money given the option lol
@@tzc9309 we are entering the era of the TOKENIZED WEALTH, If you can't understand how flexible you can be first time in history , then I guess you pay the price of your stupidity
At 3 min he says he won't tell you which countries do this so. Pointless...........
Uruguay is a fine place to live and easy to get passport
Yes, but I have read that there are 2 tiers of citizenship. if you naturalize, you aren't "Uruguayan".
@@DixieBanjo Who cares? You can enjoy a great life, good food, beautiful beaches, low taxes and low crime.
@@DixieBanjo , how you not Uruguayan if they gave you citizenship?
what do you mean by that? as not real Uruguayan?
@@bionborys1648 Low taxes? They have huge import tax that makes life very expensive unless your goal is to settle for a very simple life.
@@dmitryk7320 I understand that there's no tax for money you make outside Uruguay, which is really a great idea if you are a nomad. Still, the point I was making is that who cares if you are considered Uruguayan if you can enjoy your life there.
, 7, 8 figure earners. How many ppl are out there ?
So far, we have had 1,500+ satisfied clients :)
deposit $5000 in bank to get paper residence lrading to citizenship is it in columbia? or other country not clear
🤣🤣
Don't bother applying If you can't spell the Country's name _CORRECTLY..._
dont assume i will apply its columbia or Colombia ,but whatever is said in session should be clear,what is the use if you only understand what you are talking
Oh and Costa Rica has a lot of crime….ya, another great suggestion.
I am swiss native and will leave this corrupt, with extremely criminal "justice", super-expensive country soon. Getting now finally disabled insurance. Looks to me that Paraguay is the best option. I allready speak well spanish. I will be free there. Cheap. Growing. And some protection from criminal debt they pretend here I was in. And even zero or lower tax.
And it's really HOT there.
I didn’t know there was much corruption in Swiss. Did you think of moving to Portugal ?
Does a rubber dinghy count????
Can you use your ancestry DNA results to access, citizenship or residency?
Nope, in most cases it has to be in papers to apply for the CBD
LOL, no
Lol
We just determined this is our #1 FAQ for citizenship by descent, and the answer is "no". Feel free to email help@nomadcapitalist.com if you'd like help with your ancestry citizenship case.
No, citizenship by descent works if parents or in some cases grandparents were born in a particular country
Your research as more or less equilivalent to me googling about it. You can keep it reserved for your clients.
Glad that you’re not putting everything out there Andrew! The internet has ruined a lot of good things by broadcasting everywhere! Hopefully will be using you in the near future!
Me too, I came to watch the video because of the title and was so relieved when it contained no information. It really sucks when people learn things on the internet.
Hi good opportunity will you please guide more about paper residence I can deposit 50000.00 is in a bank
Didn't know passport hoarding was a thing
Still not sure what the towering advantages would be of getting a second passport. My sense of it is that countries are basically the same in terms of how they structure societies. Yes, of course, they all have various unique features. But after jumping through all the hoops, learning the language, being one of the most formidable, then what's the big pay off. Wherever you go in the world you take yourself with you. Everyone knows that traveling isn't what it's cracked up to be. Everything is new and strange, including the language in many cases. Just don't get how this could improve one's station in life going from the familiar to the unfamiliar.
"everyone knows traveling isn't what it's cracked up to be" Speak for yourself. Travel changes my life. You sound like a tourist thinking of jumping on the travel bandwagon. And if you have to ask what are the advantages of a second passport you clearly don't understand diversification, investment, freedom, opportunities that the world offers, so stay in the matrix where you are
I'd rather move to another country and not get citizenship
Getting German citizenship is not easy it sounds ..I am married to a German doesn't mean that I automatically qualify for it ..I still have to integrate, have a proficiency of German and spend 8 yrs minimum!
Additionally you need to prove that you (and your spouse) have enough income, to prove, that you will not require financial help from the state. There will also be an exam as part of the process, where you need to prove basic knowledge about the region where you are living. Other than that you listed the requirements.The number of years is lower for those married to a German citizen, if i remember correctly.
3 years is enough living in Germany... 8 years for single people
It's not worth to get German citizenship. I 'am German and I can tell you Germany is not a good place if you don't want to be only a tax number. To be German it's a burden but not a nacionality. I'am on the way to renounce my german nacionality.
Click bait!!! Man, you sure know how to say very little by talking so much... mostly fluff, very little real, useful content per the title of your video. Click bait!!!
Then don't click.
Present
Portugal should stop advertising themselves if their bureaucracy is so useless.
Lol "im not gonna give em to you because theyll be abused". Why dont you just say it. " i dont wanna gice rm to you because i want to charge you for that"
Astonia is giving e residents how
Estonian e-residence has nothing to do with immigration.
I was born with citizenship to the USA but was born in Australia thinking about moving to the mountains away from society TBH.
Please speak with slow speed
If he did, people would tell him to "get to the point" and say he "could have said that in four minutes".
@@nomadcapitalistit’s not the speed of speech. He is overly verbose and fails to communicate effectively. It’s just background noise. Content can be interesting and easier to process if he removed 80% of the filler sentence/content and removed leading sentences that just doesn’t add to his message. Just confusing, convoluted and not engaging.
you need to start a country that does not have land. Only a passport.
Liberland. You're welcome.
Why do we have to associate with a country? We all have to always be owned by a government?
@@chefebispo yes, the landowner countries wouldn't want the landless country to compete.
Liberland
did he just call asia a country
Bo he has residency in an Asian country that does not lead to citizenship. Pretty sure that is Malaysia based on other videos.
Why do you have to speak so fast?
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😃👍👏👏👏
Are you real or an animation? You don't look real.
Useless barking only for few $
You promote citizenship in the Caribbean, where the crime rate exceeds that of America. Is saftey not a consideration on this channel?
We have very rarely had a client who moved to the Caribbean. The criminals can't reach you just because you share the same passport thousands of miles away.
*Caribbean Citizenship* doesn't "require" you to live there...
😜
Vanuatu is safer than the Caribbean and also has zero tax.
been to the caribbean many times, had no issues. It depends on the country, and the location within the country. Pretty sure there is more crime in certain areas of cities in america so not sure where youre pulling these facts from. Same with most places in the world, some areas youll be fine, some areas you are better off avoiding unless you happen to know people. The vast majority of people are nice/friendly out there
your accent is very bad and you talk unnecessarily fast ,its difficult to understand what you say even after rewinding and listening 10 times,if dont understand what is main theme of talk what is use,as in this video its not clear which country you are saying in specific paper residence and citizenship is possible is it columbia? why you dont hightlight country name or you are doing intentionally to mislead? ,you should clearly say this is specific country or countries which could be reviewed as its main theme of discussion you could also say more than once
Change the video playback speed to 0.5
😜
@@HughJass-jv2lt you are suggesting to change audio settings but not ready to suggest improvement in talk,in live sessions what will be done 😀
@@cplnew8489
🤣🤣
I think english is a second language
We don't take kindly to people who accuse us of being "intentionally misleading". If you don't like a company that gives away 2,200 videos of free, hard-earned information, we would kindly invite you to watch something else.
@@nomadcapitalist
To be fair...
5:50
It does get a bit jumbled.
It sounds like you say its *NO LONGER* being offered in COLOMBIA anymore.
But then you go on to talk about it for another minute, making it sound like it's a viable option.
Granted, I still followed that Andrew got his "permenant residence" under the easier (I don't have to be there) option...
whereas _NOW_ it's a bit more difficult/involved.
So... maybe ENGLISH is his 2nd language.
And thus... maybe he makes a valid point regarding the *Speed* at which Andrew speaks.
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