Two New Exotic and Unexpected Residence Programs
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- čas přidán 31. 05. 2024
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Explore two extraordinary countries with unique residence programs that you probably never considered before! In this video, we'll uncover the hidden gems of residence permits with low minimum investments and no need to relocate. If you've ever dreamed of a Plan B or simply want to diversify your investments, this is a must-watch!
00:00 Start
00:42 Residence Program in Egypt
2:46 Real Estate in Cairo
6:04 Residence Program in Turkey
9:17 Real Estate Considerations in Turkey
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Jump in a taxi in Istanbul … You are guaranteed to get scammed !
Bait and switch on your money. Hassles with the standard of driving, the route, everything!
(Away from Istanbul the people are pretty nice )
I lived in Cairo and Istanbul. Both awesome. Cairo filthy, fun, exciting, cheap, greatvweather always- dahab dreamy. Turkey amaxing, more modern, more nature, great beaches. Bith great people and brilliant food
Correction relating to Turkiye, foreigners are restricted to buying at some prime location areas, it is minimum purchase of $200k property value to be able to apply for a residency renewable every 2 years maximum. Furthermore, Turkiye has restricted the process of acquiring residency and in essence pushing foreigners out by not renewing existing residents
Cheers to everyone from 2 Canadians 🇨🇦 living in Mexico. 🇲🇽✌🏼
God Bless.🙏
What part? Are you liking it?
@@hootenannychronicles Mérida Yucatán Mèxico for now but we are moving soon. We absolutely love it here though Merida is super hot. The beach towns close by are much better. We did live at the beach for a year. We document everything here. 😉😉❤️✌🏼
@@hootenannychroniclesso many Canadians just want somewhere sane to live, yeah. I'm down to Mexico or Costa Rica.
Either one of ya worked for US gov before retiring ?
Not us nope lol@@Gladiator-qu7co
Hey Andrew thanks for the information, I’m a big fan of your channel. let me be clear & give information for all the westerners here since I have knowledge about that topic. first of all, I’m an Egyptian Passport holder (never lived their) and I would like to encourage everyone to not even consider getting a residency permit In this country. it’s the worst, they have no system. They treat foreigners and citizens with disrespect and you need to be well connected and bribe government officials so everything can be faster when going through legal process. let’s not get started with how the streets of the country Is so dirty and so undeveloped. The quality of life you’ll get Is very bad. the banks doesn’t give back your capital and they’ll make it harder to because the country doesn’t have foreign currency. honestly, I would suggest everyone to stay away from Egypt or any middle eastern countries since you can get better quality of life In Europe and even more safer than the whole middle eastern region, it’s just a matter of time until I get my 2nd citizenship, wish me luck. hopefully me writing this will help someone know the truth!
went to egypt for 3 weeks a year and a half ago and fell in love. cairo, luxor, aswan, and a week on a diving boat on the red sea out of el gouna. highly recommend it. this is great news to me.
I'm waiting for all the free palestine losers to come in here and protest since egypt has the blockade going on.
We are travelling to Bulgaria next week from Canada. Originally from Slovakia,missing amazing Slovakian nature ,looks like we can find it in Bulgaria+ sea and warm weather.
Uruguay 🇺🇾
Turkey is interesting, but there are probably about 180 countries better than Egypt.
Yes, but base your ranking on the size and quality of pyramids in the country, and Egypt shoots right to the top.
Guess what I have for thanksgiving? Turkey!
Egypt is great starter into BRICS
@@ssuwandi3240 What does that even mean? Any BRICS country is a great starter into BRICS.
@@xyzxyz4575aww bless your heart. ethnocentric jokes are only understood by the person making them 😂
Cairo is a very chaotic city, visit there before you invest!
Egypt is terrible for visitors and residents!
One of the worlds worst travel documents for Egypt, not too far behind us Ethiopians. It's credit score was also lowered to junk status recently. All in all one needs a personal connection to invest there.
both are garbage unfortunately
As someone who work there, I can tell you that has changed recently (Not sure about Ethiopia though). First, the normal travel document process has significantly reduced and also the Citizenship that Andrew was talking about has even more exceptions and quicker process.
Also regarding the credit score, this is partially true .. This score is driven by the Hamas-Israel war in the region, but I can say that it made it even a better time to go their because the government made even more incentives and I think may be that's why Andrew choose to talk about it now.
@@AutomatedProgrammerstop lying go away 🤡🤡🤡🤡
I was raised in Egypt and spent the first quarter of a century of my life there. Wouldn't move back there if they paid me millions 💩
Why?
Yes, please tell us why.
@@truman3.0probably some ex still lives there
@@truman3.0 One of the most corrupt and authoritarian regimes in the world and the economy is in free fall, and don't get me started about poverty and pollution. Egypt is ok to visit, but definitely not to live there.
@@homycegood to know
Very interesting. Thanks Andrew and team.
Glad you enjoyed it!
Turkey yes. Egypt NFW.
I am leaving Turkey in three weeks, the residencies here are completely unstable. They are starting to change the rules every few months. They are changing the prices required to receive residency every few months. People who have lived here for 17 years are getting denied residency for stupid reasons. The housing is completely overpriced. Both of my landlords in the past two years have tried, after my first year, to raise my rent more than 100% and that is now the norm. It’s absolute instability. Cars cost a fortune and almost everywhere you go you are overcharged for being a foreigner. So many Turkish people do not like foreigners and the word for foreigner actually translates to stranger. My son had a horrible experience here. The children were not welcoming or nice at all. It’s an absolutely beautiful place, but difficult to be treated fairly and to fit in. Most long-term residents just hang out in their own expat communities for the most part. They just stay in their cocoon of comfort. It’s difficult to acclimate
A friend of mine is getting out of Turkey and he has several properties. He has said though he has lived for many years in Turkey he is still an outsider and he speaks fluent Turkish. He also said that he was being overcharged for services and did not trust the Turkish people. He is now looking to move to Greece where he felt more welcomed. Also the Greeks were not trying to rip him off when he visited Kos where he now wants to live!
As you stated residency is unstable. Just a couple of months ago I heard that to get a residency you only had to purchase a property for £75,000. Personally, I don't know how true that is and if that has changed again! A totally unrealiable country to settle in which is a shame as the countryside and coastal areas are breathtaking!
@@scottfree993dont be racist by saying certain nationalities.
Criminals come in all nations.
Insulting other's countries is not allowed on youtube
Yemen and Syria are offering cheap investor programs as well. The only glitch is that when you want to leave, they won’t let you!
Andrew offers something for everyone! Pick and choose what’s best for you!
Egypt?? 🤦🏼♂️ Thats not a good option for safety or quality of life!
How so? I’d have to respectfully disagree on that one… coming from someone who has owned a property in Egypt for 9 months now
@@stopthecap2644 firstly Egypt has an Islamic extremist problem. Just look at the frequent terror attacks against Christian’s. Secondly, the people are hostile towards non Muslims! Perhaps you are in a tourist bubble but if you go to real Egypt, Cairo for example, then I don’t think you’d want to visit Egypt far less invest or live there! It’s great if you’re a Muslim, for non Muslims it’s best avoided. Far safer, nicer and better countries
I respectfully disagree. I have been living in Egypt for over 16 years. If you like the sunshine and diving, and a low cost of living, this is a good choice. Plus: no visa required for anybody over 60.
I agree
Not a good family place, unless you’re fine with your wife and daughters being constantly harassed. Not as bad as India, but close second.
😊Thanks for sharing 😊
Thanks for watching!
Yes, I also like both Cairo and Istanbul. Cairo is chaotic but has a soul and Istanbul, too - I love it but like you, I would not want to live 100% in a population of 17 million. Applies to both cities.
Middle east right now??? 🙉
😂😂😂😂
I'm from the middle East and I'm doing anything to escape
@@hippytrippy1254 Don't go to the US.
He did say exotic
@@riikka6125 why
Don't go there
Cairo in the winter is very nice, and have nice country club communities….think old British money
Hey Andrew, thank you for the amazing recommendations. I have some questions. I wonder if any of these places are in the gray list? Are people arbitrarily arrested? Is private property arbitrarily confiscated? Is there the Rule of Law? And finally, would you please let us know if you are paid by these places?
Good questions. The problem I have with Andrew is that certain quality of life issues he doesn’t address. Certainly Rule of Law as you mention. How about government stability? What civil rights do citizens/residents have? What restrictions do non-Muslims face? Or prejudices? Quality of health care? Medical tyranny (the jab)? Public health/sanitation/clean water-sewage management? Westerners living there will be without extended family, but is having extended family is how things get down? Corruption of petty bureaucrats (versus systematic large scale corruption found in the USA through banking, defense industry, big pharma )? BTW, I am not denying that Western countries are increasingly becoming suspect along similar criteria. But growing up in them gives one a “wealth” of on-the-ground knowledge on how to manage daily life that you won’t have in places like Egypt. You won’t know about these until you live there, and how much money will you have invested there before those unsuspected realities become apparent? The only solution is to go live there for 3 to 6 months and do you have the kind of job that allows you to work like a nomad??
Rule of Law? LIke NY judges trying to undervalue FL property. Rule of Law in US died a long time ago. No. The idea is to buy undevalued used property, as a holiday residence, a retirement resident, and a asset that you can borrow against.
I've lived in Istanbul for two years and can't wait to leave. Turkey is also making it extremely difficult for foreigners to get visas and passports.
Andrew sir much appreciated. Question, these are per-individual figures, correct, i.e. children and spouse will be multiples of the say $50k for Egypt? Many thanks to all at Nomad Capitalist
Yes
Egypt. World class diving and marine creatures that can only be found in the Red Sea.
Yep and shark attacks. 🦈
Good info👍🏽 Andrew
Thanks!
@@nomadcapitalistI wanted to know what you thought about Malaysia coming out in support of Hamas from Prime Minister Anwar Ibrahim and what influence you’d think that will bring foreign business and policy wise?
Does Turkiye have a permanent resident program?
With all the upset going on in the middle east this does now make alot of sense
Neither of those countries are attractive to me.
Thanks Andrew
if you like to live a medieval lifestyle than yes go for it.
If that lifestyle has zero globohomo, then sure
You definitely have no comprehension skills, do ya?
Your spelling skills are medieval.
@@rodneywalden3995 🤡
Cairo is one of the most chaotic cities on Earth. Good luck driving there!
23 modern cities are being or are already built
Do you know an official Egyptian site publishing these rules? What I have heard from people living in Egypt the officials do not know about these rules and even those who own property worth above 50.000 and 100.000 get a visa for a maximum of 6 months and need to renew it and do visa runs.
I have been living in Egypt just by renewing my visa every 6 months. Now I have a student visa and have residency for 1 year.
Hi Andrew, glad you covered that! Egypt has started to be a growth attracting place!
😂 so much growth that you can't even do your daily banking or access other currencies and Goodluck obtaining USD
Not sure how many people want to live any of these mentioned countries.
Egypt or Turkey… lol no thank you!
Ciaro is not the one
Very interesting. But whatever happened to that program in Armenia? I was quite interested in that one 🇦🇲
The new administrative capital of Egypt is a good option to invest
Istanbul is due for a huge earthquake, I'd think twice about investing in real estate in Turkey, most of the buildings are not built according to earthquake safety standards, even if they say the building is up to code I would not believe it, their culture is full of corruption and most developers just pay off inspectors for an 'earthquake safe' license and just do whatever they want, I.e. cheapest constructions. I lived in Istanbul for 2 years and know this first hand about how things work in that country.
Turkey rocks!
can you keep that 400k USD in a bank in turkey in USD? Or do you need to buy the tanking lira?
Dollars were once allowed but only lira now. Theoretically they refund you if you lose money Vs. The dollar. It pays to get in early.
@@nomadcapitalist thanks for the reply. That's good to know. Good deal assuming they can honour it.
@@happyd9733That's a huge assumption to make.😅
@@ronaldmcmaster9148 indeed lol 😂 or want to honour it given current geopolitical conditions.....
Someone who lives in and invested in property in Turkey told me just the other week that the banks that had introduced 45% interest on lira fell very quickly to 38% losing people a lot of money! The currency is very volatile! Don't put your money in that currency as inflation jumped rapidly in under 4 years! 4 years ago you got 3 lira to the English pound now it is anything between 29 and 34 lira to the pound.
Question: so, for $50k, could I buy a nice retirement seaside place? Not so keen on Cairo, although I wouldn't mind living above a horse stable near the pyramids. I have good memories of horseback riding around the pyramids.
Not these days. 3 yrs ago.maybe
@evelynbarry5046 what do you mean? What happened in three years to the prices?😊
@Tee55118 the devaluation of the pound made everything expensive. $50k usd is only 1.5m EGP. Can't even buy a decent studio for that. Well, maybe you could but in a not do nice area.
@evelynbarry5046 yeah nov 2922 a usd bought 24 Egyptian pounds. Now a usd buys about 32. Is the Egyptian house priced in us dollars or in Egyptian pounds?
Anyway, residential real estate tends to be a good store of value and an inflation hedge.
@Tee55118 the problem is more than just the currency. A lot of imports have stopped or slowed so prices have increased so much. Inflation has affected all sectors of the economy, including housing. Before 2020 you could find an nice apartment in a compound in Nabq or sharm for 50,000 ussda very nice one. Now you will need double
Think 4million egp minimum for an apartment in new cairo. Maybe you can find something for 3
m egp in Maadi or Heliopolis but will need a lot of fixing up and cleaning.
The best thing is right now you can invest your money in the bank at 19% for 3 yrs.
Egypt is nice
any news about central asia?
Being Jewish, we famously undertook considerable effort to escape Egypt.... and that was centuries before Islam was unleashed.
Feeling sorry for the holocausssst in Gaza.May lord bless them and bring peace to them
I'm Egyptian and have been thing of going home.
I've been to Cairo, Giza, and Luxor. I loved it, but I tell people it shouldn't be you 1st trip overseas. There is a culture of bribery (I was living in Nigeria at the time, so I was use that that), and the vendors are very agressive. I found that the people were some of the most hospitable I've encountered. Arab hospitality is a real thing. It's the best of times and worst of times. Eygpt Air was "interesting."
I thought of moving to Istanbul. But they keep moving the goalposts for residency. I've been twice, and I enjoyed it very much. I flew Turkish Air about 20 times (coach everytime), and it's decent/good.
I am curious Egypt air how was it interesting?
I also new Turkish Air two times and it was decent like you said
Meant to write flewinstead of new.
@@enjoystraveling I like Turkish Air. I've flown economy with them many times, and found the service and food to be good. I only flew Eygpt Air on 1 round trip. The entire crew fell asleep on my flight and one of the cabin attendants hit on me on my way out. 🤣 The trip back was uneventful. I flew r/t from Legos.
@@SoulfulVeg ha ha the entire crew on Egypt Air fell asleep on your flight. I hope you meant just the flight attendants and not the pilot and co pilot
@@enjoystraveling Let's hope. 🤣🤣 All of the flight attendants were asleep. 😴 💤
What do you think about spain?I'm mexican
Do you think Turkey making threats to the US military and backing out of NATO.. may influence the safety and benefits ?
When Turkey going to announce Golden visa program??
The thing about Turkey is that it is the California of the Middle East.
I can tell from the thumbnail that Egypt or Pakistan is coming to the forefront.
I would be careful about any residence visa in Egypt that requires yearly renewal. The Egyptian bureaucracy is hellish, capricious and aggravating. It makes western bureaucracy look great.
Sorry but it's super easy. Annoying because it's crowded but there is nothing to it. Fill out a form, pay the fee and that's it
Great video! But Egypt is in Africa, when you referred to property price in Egypt being less than Africa, I understand you are comparing to countries in sub-Saharan Africa
Egypt is a military dictatorship big no no. Knowing geopolitics of a country is very important
Does an Egyptian residency allow a person to use an Egyptian passport to exit person's home country?
Residency is not citizenship. No passport.
Karachi, Lahore, & Islamabad in Pakistan are more cheaper. in fact Karachi with the population of nearly 30M is more cheaper where you can get a 3 bed apartment even @ $30000
Yes Pk is turning out to be a great place for retirement.Affordable,officiallyenglish speaking ,relatively modern cities and decent private healthcare.
But
Weak infrastructure
Corrupt officials
Pollution
Air quality
Sanitation
Terrrrrrism
Politicaly instability
These are too much to bear
I've traveled to over 50 countries and lived in several. Having traveled to Cairo (once) and Istanbul 3 times I can confidently say I'll never return to Cairo. It is one of the few cities in the world I felt unsafe the entire time. Might have something to do with Isis attacks in and around the city a week before we arrived - lol. Nope - think I'll pass. Istanbul on the other hand - amazing city but I think getting a wee bit too expensive now.
Very interesting and strange that Turkey 🇹🇷 is part of NATO and will defend Europe but it's citizens are not welcomed to travel to those same countries.
Do you actually think they will defend Europe? They are constantly trying to start problems with Greece 🇬🇷
Interesting. I would be wary of buying and investing in Turkey. Firstly, Turkey sits on 3 tectonic plates and is prone to earthquakes. Secondly, the Turkish Lira currency is absolute trash. Choose wisely.
Malaysia, Thailand and UAE would be a better and wise choice
As a foreigner your income and bank assets are not in lira so the lira being trash is actually an advantage.
@@vmoses1979 fair enough
It's trash but that's where your dollars are at an advantage
Egypt Humanity score ( mine) a big fat 0.
I have too big of a mouth to go to a country with 10's of thousands of "political prisoners" and a nutty ruler. And the other with clear race issues. I understand going where one is treated best, and not wanting to get involved, (really not wanting to), but at the same time there needs some balance with the type of regime I'm enabling.
If you are gay, do avoid Egypt, you might end in jail or even worst. And if you think your government will come to save you, better check to what happened to gay foreigners caught by the local cops...
I don’t think Egypt is a best country to gain residency especially since it is a muslim majority and that religion’s reputation is already bad due to the religion responsible for major terror attacks. Its passport will be weak
malaysia is a muslim majority
Zionist apologist detected .
😂 Your Islamphobia has a little of comment
@@m99226 Yes. He's wrong. Statistically the major terrorist attacks are perpetuated by non Muslims, that's just a stereotype.
It is not the religion itself that is responsible for terror attacks, but its misinterpretation and misuse by terrorists!
Middle East in general looking good at the moment.
What happens to lgbt rich people trying to find a new place? Don't forget Islamic countries violate basic human rights.. Don't feed terrible regimes with your money
Hi, here you can see our recent video about The Most Friendly LGBT Countries to Live in: czcams.com/video/B78n-2YNKrg/video.html
Move to Israel. We send billions to Israel every year. You just have to say you’re Jewish
@ I know, but this is like betraying the principle of the channel, finding freedom in a religous dictatorship regime? islamic republics are terrible for these purposes
Greece is much better. in Egypt and Turkey, the government is unpredictable and you need a lot of money to live in gated communities among the rich to live a decent life away from the harassment of the common population, especially if you have females in your family. also, Egypt has foreign currency issues, and they are almost bankrupt. do not deposit euros or dollars in their banks because you won't get it back in the same currency, only in egy pounds. money that go to egypt stays in egypt/
Bill Gates double?
A no-no for me for any Muslim dominant country.
Agreed, not after recent events.
istanbul is a secular city, rest of turkey..not so much. I've never met a person who went to Istanbul and never loved it. but as usual. white man knows what a Muslim is from news/movies.
Istanbul is a vibrant safe city - everyone who watched that movie warned me about going there, @@11111mhmhmh
That is realistically half the world youth
No way im moving to an muslim country...
Just watch out for the included baggage. Islam...
I hope that you are in good health, and enjoying your travels.
Suggestions and concerns while abroad:
In order to help travelers in general while traveling abroad, and since you are such a good communicator I would like to suggest the following topics for you to address if possible please:
The importance of having a will and power of attorney for both property and personal care.
What if you get demented while living or traveling abroad without family or friends...who is going to decide for you during that critical moment?
What to do if one has no family, wife or kids and start losing our memory while living abroad...should one see a lawyer regarding our assets, and other issues?
How does one solve the issue of (yahoo, face book etc.) accounts passwords as well as credit cards PIN in case of sudden death abroad...should we contact a lawyer about the same?
The importance of having a laminated card in your luggage with all the necessary, and very important contact information regarding the executor of your will and power of attorney, or any other major issue in case of sudden death abroad.
The importance of having funeral arrangements made in case of sudden death while traveling abroad.
What are the options for doing and paying the yearly income tax return while traveling abroad?
How to get your mail from back home while living and traveling abroad?
The importance of having good antitheft luggage while abroad.
The importance of more than one way of getting to your money while abroad.
The importance of having travel medical insurance while traveling abroad and your (insurance company suggestions).
Stay healthy, safe and thank you.
egypt is a mess, as an egyptian jut to get my passoprt renewed is a huge headache and the government like giving people a hard time out of spite and power trips...