The fastest NEW way to obtain an EU Passport
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- čas přidán 26. 08. 2024
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EU passport is a valuable asset worth having, since it opens up many doors.
Today we are talking about the fastest new way to obtain an EU passport, and we are talking about Cyprus.
If you obtain a residency in Cyprus and learn Greek language you will be able to obtain their passport in as little as 3 and a half years!
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Introducing Michael Rosmer, the true modern-day Renaissance man and international entrepreneur, who has been mentored under top international tax attorneys.
He is widely regarded as the foremost international tax expert for legal cross-border tax planning, with extensive experience in immigration, residency, and second citizenship for those seeking a plan B, asset protection, global offshore banking, and payment processing.
Michael leads a team of lawyers and accountants who are top experts in their respective fields. This multi-lingual, multi-national team has worked with digital nomads, entrepreneurs, and investors from 62 countries, providing practical real-world multi-dimensional solutions for their clients.
At Offshore Citizen we understand that each individual's situation is unique. Unlike most industry service providers, we do not push any particular country or solution. Instead, we analyze your individual situation and custom-tailor the best countries and strategies for you, drawing on every part of the globe.
With Offshore Citizen, you can rest assured that you are in the hands of professionals who have your best interests at heart. Let us guide you through the complex world of international tax planning, immigration, residency, and second citizenship.
Contact Michael today for a personalized consultation and take the first step towards securing your financial future.
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Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships.
☎️ Book a call with Michael:
calendly.com/m...
🌎 Visit our website:
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Why does everyone on CZcams keep ignoring the loophole of spending just one year in Puerto Rico, getting the Certificado de Ciudadanía de Puerto Rico and then residing legally in Spain for two years. AND that way you get the Spanish passport without renouncing the US passport.
Have you actually done this?
Is this only for us citizens?
@@WaterFresh7 no, this also applies for citizens of any former Spanish colony (Spanish speaking LATAM, equatorial guinea and the Philippines.). No need to live in Puerto Rico for citizens of those other countries.
U can get a Spain pp that quick through res. No investment
Wow thanks
This isn't really easy.
I have been based in Cyprus as an EU passport holder for the last ten years, and I don't want to rain on your parade, but I know of so many foreign nationals who are married to Cypriot citizens for years, some of them filed for naturalization for well over ten years age--I kid you not--but there cases are still buried under the huge backlog. It also affects British citizens whose country, as we all know, left the EU, and they are in need for an EU passport in order to enjoy the free movement on the continent. May I remind you that Cyprus is not signatory to the Schengen Agreement.
I've seen this new law before. It's only for "highly skilled workers" (whatever that means) who are employed by foreign companies and not for everyone, for example self-employed. 4 or 5 years to naturalization depending on language level not 3 1/2. Still seven years plus for everyone else though no language requirement.
Check Germany .
Less than 2 years of PR and passport in under 5 years and even in 3 years special conditions
@@meetimian3383 Well, it seems like maybe it wasn't such a good path with their tax rates. And was it March they started allowing dual citizenship? Anyway, I just wanted to ask, is there any documentation with those time frames? I think I read if a person does the integration courses it helps.
The metric I am most interested in regarding naturalization now is how many people are awarded citizenship annually. What are the hard numbers. I started paying attention to Latin America and the numbers there are dismal. The country that seems most likely to award citizenship is Argentina with about 4k people naturalized a year. Chile is currently just over 1k a year, but with 1.5 million immigrants in Chile that is not a particularly high percentage. Paraguay gets a lot of talk, but only 1 person got citizenship last month, just 850 last year with 75% awarded citizenship via marriage and only 25% via routine naturalization. The most recent numbers for Peru were from 2019 & it was 72 people. Meanwhile Portugal granted 46,299 people citizenship last year & the USA granted nearly 1 million citizenships by naturalization last year.
These statistics are not often easy to find, in fact much of the time they are nearly impossible to find, I found the Chilean data after a lot of web searches and then the information was inside a long text paragraph in a much broader report on immigration in Latin America and naturalization. The US makes the data easy to find, but so easy that it drowns out other country's data when you use a web search for the term naturalization and fill in the blank country name.
Meaning?
Great insight. Thanks for sharing.
Thanks for your research and finding the data. I appreciate the sharing. I'm surprised about Latam.
What is the number for Panama and Belize?
Wow, I've THOUGHT about this, but never actually sought the data. After I "picked my country" I just sort of focused on that one place, and didn't dig deeper for comparison to see the big picture. Thanks. Obviously each country is gonna do what they're gonna do, but it's informative to know who's fast-tracking, slow-walking, or just not even processing applications realistically.
Malta & Cyprus ❤️
Germany also recently claimed giving passport in 3+ years. Correct me if I am wrong
under what basis?
B2 German needed and you have to be highly qulified, but yes, it is true.
In theory, yes, but only if your German is advanced enough (C1) + you need to prove "special integration achievements, in particular particularly good academic, vocational or professional achievements or civic engagement" 😅 Either way, in practice, they're so swamped right now (and will be for a while), the process is still gonna take an extra 1.5-2.5 years.
Yes.
Germany is arguably the best option in EU right now
3 years under special conditions but normally 5 years. But PR is pretty fast
I was recently looking at Cyprus too. It sounds so good until you get the part where you have to learn Greek. That sounds soo hard.
If you're young enough, it would still be worth it to get the EU passport though.
It depends upon how much you want it.
I am 68 and learning Greek as my 5th language. Though I was born in Cyprus I am a British (and for the last 25 years also Swiss) citizen. Cyprus is the nearest to heaven on Earth I know. Cypriots are used to good infrastructure since it was a British colony until 1960. All Cypriots I have ever met are very friendly, also speak good English. If I can't stay where I am, I would love to move there. The food is excellent, the climate too, the sea clear and unpolluted, Cyprus Telecom (CYTA) has some of the fastest internet and mobile connectivity in Europe... A beautiful country. Rob in Switzerland
@@RobWhittlestone This is a WILD insight. Having never been to either place, I just want to make that clear, I can't imagine a person picking Cyprus over CH. Except...maybe the warmness of the people/more relaxed attitudes? And maybe cost of living? Again, as an outsider, most of the complaints in videos I see about Cyprus talk about slow bureaucracy, slow internet, and lack of things to do--coming from a video of a guy who had moved from the UK (he posted that literally just 2 weeks ago). So it's surprising, but I really appreciate you sharing. Now I can't wait to go to both this Winter! Now I have to add a 5th language to my own Duolingo daily workout.
Half an island. 😂
B1 language level is pretty hard level to pass.
Are they really gonna naturalize people? That's the problem I have with Cyprus, Greece etc.. There so much nationalism going there that naturalization is hard
And how long is the processing time for the Cyprus citizenship? Can the whole process take less than 5 years? As far as I understand all the countries you mentioned like Portugal and Ireland have a backlog and the processing time can take two years
Portugal is 3 years processing time now, but the backlog is set to balloon as there is a huge number of applicants moving through the residence queue now
Spouses of portuguese citizens can obtain it after only 3 years of marrige if they can prove ties to Portugal such as having portuguese children or speaking portuguese. This requirement is waived after six years of marriage.
If an Australian lives in Cypress as a non Dom - will the ATO considers that they've not permanently left Australia and are still a tax resident of Australia?
What are your opinions on Sint Marteen? Can you live there Tax Free of your worldwide income, capital gains and dividend outside the island as a Non US Person? Would be great if you can comment or make a video about.
Stay away. I wrote about it, google imontheball no spaces
I wonder who Mike thinks is the best EU or best citizenship "Over all" if he was forced to pick just one.
2nd question as number one but this time overall best residence if he had to pick one...
I know the best overall is not Bulgaria for citizenship lol :) for 2024
I also know Dubai is not the best residence overall in 2024
Geez, don't be telling people about this! I am planning to take advantage of this one in 2026 and I don't want to arrive and find all the real estate bid up (like everywhere else I try and consider)! Yes, that is one of the requirements, buying property to get residence. The Greek language requirement is a little daunting. Not to mention they are pretty close in proximity to a pretty unstable part of the world. The good news is that they made legislative changes last year that do make the citizenship path somewhat predictable.
Man, I can't believe I started my "move to the EU" plan 6 years back and Cyprus was top of the list. Crypto, overall tax break, and my desire to trade my actual house for a boat I could live on. Then they killed their program, so I got all set for Portugal, then THEY killed their program AND people soured on red-tape and backlogs. So then I picked a third country, that I've been prepping for with daily language. And now, here comes Cyprus-back in play for me maybe...I wonder if living from a marina would count, hahah. Thanks for the details.
Good intel!
That's certainly worth considering. What's the healthcare system like compared to places like France, Spain and Portugal?
It's actually very good, just make sure you go directly to the hospital and not the GPs. Get the insurance too, of course, it's not free (but not crazy either).
So if someone does non-dom cyprus, just meets a minimum for 2 months each year, are you qualify for passport in 3.5 years if you learn a2-b1? Thanks.
Do people tend to stay in Grand Cayman in your experience? We are going over to check it out next week, looks promising.
Awesome just really costly
How does consulting work with you? I pay for an hour and I get a game plan? Have you dealt with people from Israel in the past?
Yes, many of our clients come from Israel. Please send a message through our website for further details
Out of interest what country did you film this in?
Bulgaria :)
@@OffshoreCitizen Thank you
@@OffshoreCitizen Have you done any videos on Bulgaria? Thanks!
yea just show up without passport
Hi I wonder if it is possible to invest in African countrys for example like real estates and or farming and not tax for my whole income in that country ? Thank You
Dont invest in Central African countries totally unstable ecosystem !
Is it South park on the backward? Regards Cyprus, still no any real cases. And as far as I know, 4 years term only for pink slip
And then 10+ years of waiting, unless you have some buddies that can grease some palms.
Interesting change
I just had to click on this video when I saw the title. Who in their right mind would want to go to the EU? I won't even go to Western Europe because it's too dangerous. I will only go to Eastern Europe and even in Eastern Europe I will only go to certain countries that are safe.
First
Walk across the border illegally?