Comments by "Rubens Nogueira" (@rubensnogueira5838) on "Nomad Capitalist" channel.

  1. I'm forwarding it to Jordan Peterson but he probably prefers to stay and fight
    612
  2. Won't ever take a passport from a country which doesn't allow dual citizenship. It might be so self-evident that Andrew did not even mention it.
    254
  3. "Don't buy from Russians". That's the point we reached. Same as in Germany some 90 years ago. I thought about a Russian residence visa in the past but it could be a liability now.
    177
  4. By the way, I appreciate that Andrew went all the lenghts to open that account as an experiment/research. To all of us: the first impression matters, so if the bank gives you a headache when opening the account, it won't get better later on. Stay away from them!
    145
  5. Deutsche Bank is a cancer, too bad they are too big to fail. Absolutely corrupt.
    145
  6. If I can't own that land 100% as a foreigner, I'm out, unfortunately. But what makes this video wonderful is the way it opens someone's eyes/mind to what is out there in the world.
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  7. "L-E-G-A-L-L-Y go where you're treated best" - I love that part LOL
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  8. Brazil: #1 choice. You get a good passport for your child, who becomes a Mercosur citizen and is also eligible for Spanish citizen after 2 years of residence in Spain (as mentioned about Puerto Rico). I usually say Brazil is not a good option for a trifecta, but a "free" passport like that is a wonderful addition to any portfolio.
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  9. Hard to know what is worse, a new wealth tax or this: "it is illegal to travel abroad for holidays" (taken from an official government website).
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  10. One more example of why no one should postpone any second residence/passport plans. Rules change and opportunities go away.
    43
  11. Been in the US for the first time in my life on a transit flight, I must say that I didn't see any hint of efficiency. Long and slow queues for check-in, immigration and security checks, and even ordering fast food was a nightmare. I really didn't expect that, even with people seemingly exaggerating on their criticisms around here.
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  12. Narnia
    40
  13. 2:44 absolutely, maps are great visual tools and, in this case, give a clear clue about the difference between those passports
    40
  14. You should Interview the Minsk Guide. Not only interesting on the geopolitical/diversification issues, but your similar sense of humor would make it one of the most hilarious conversations in history.
    39
  15. I love those stories. People think that those scenarios are just crazy theoretical constructs, until Mr. UK Prime Minister himself gets hit by that.
    39
  16. I saw that picture yesterday and immediately thought about Andrew's possible reaction.
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  17. Look at the good side: in the past we used to have only one "voice" telling us "the truth"; now we have some conflicting views. Maybe it's the better option, as annoying as it sounds...
    30
  18. Andrew does a great job putting all options on the table, as crazy as they seem. Please continue doing it. Nevertheless, I simply cannot trust what they say, it's like buying Argentinian bonds. Too risky.
    30
  19. I damaged the "like" button... Living in a country which moved from the left to the far right, the only felt change was the end of Daylight Saving Time.
    29
  20. When I listen to that people... it reminds me of that "The Big Short" movie, the scene with those realtors bragging about the market. Well, I still plan to buy some crypto, but the religion created around it scares me.
    29
  21. Turkey. On one side, Syria. On the other, Ukraine. Lovely!
    29
  22. Have in mind: Switzerland just replaced their notes by a new series. You can't just buy them and forget for decades, replacements are common.
    29
  23. Bukele guy is the latino answer to Lee Kuan Yew
    27
  24. "Singapore effect". They made it more exclusive. Pity, but it's perfectly understandable from their point of view.
    26
  25. Andrew, you talked about Cairo... but what do you think about the New Capital city? Thousands of projects being built, it could be like "buy 5 condos, get a free citizenship"
    26
  26. Credit Suisse, the best.
    25
  27. One more reason why a South American passport is basically a must.
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  28. Naturalization via residence is preferable, unless one is in a hurry. It gives plenty of time to experience the country and make sure you match with its culture.
    24
  29. 11:18 that sounds insane but it's a reality in a number of countries (besides some US states). Not only Spain and Portugal may keep you a tax resident for 5 years if you move to a tax haven, but I just realized that also Germany does it: if a single person earning EUR 77,000 would pay less than 22% on taxes, that's a tax haven for ANY CITIZEN moving there in the next 5 years... Andrew, I would love to watch a video on that issue (if you didn't already do it).
    24
  30. Quite curious timing for such a video. Just today I saw on the news that a Brazilian pastor was forced by law to publicly recant something "homophobic" that he said inside the church while preaching. In the meanwhile, in Scotland, a child as young as 4 has to be respected if they "wish" to have another gender and it's illegal for the parents to fight against it. Wow, there is also a possible "conversion ban" in the UK, so I could be in prison due to a single and benign prayer...
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  31. What's your least favorite thing? Tom Jobim: "Life in the US is very good, but it's a disgrace. Life in Brazil is a disgrace, but it's very good."
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  32. I want to start an offshore black marker business. Is Colombia or Serbia a tax friendly jurisdiction?
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  33. If you never thought of becoming 70, be aware. Take that into consideration when preparing your offshore plan. What is your succession and wealth transfer plan and which role do your citizenships and residencies play?
    22
  34. I love the idea of a geographically diversified passport portfolio, but the lack of dual citizenship opportunities makes Asia a no-go area. One eventual exception: Jordan.
    22
  35. Absolutely correct. Physical safe havens. But don't spread the word too much LOL
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  36. Maybe your BEST VIDEO EVER. The bit after 18:53 is legendary! But being honest, that guy is not wrong: in his experience, many/all aspects of being offshore were negative, so this way of life is clearly not for him.
    21
  37. Lack of dual citizenship makes it "worthless", but it's a lovely country. It would be a honor to have the same citizenship as the sublime football god, the biggest of all, the master: Dennis Bergkamp.
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  38. 13:49 you nailed it! Even a tier C passport becomes invaluable if it complements the ones you have. I really believe that a passport portfolio has to be geographically and "politically" balanced, and maybe some tier C passports are the best options to implement this.
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  39. If you think Nomad Capitalist is only about taxes, there you have it.
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  40. Maybe, if I could afford it. But after that change, I don't trust the government to the point of buying property there.
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  41. Andrew, I would love to listen your opinion on the "death of globalization" and the impact on the NC lifestyle. Germany's AfD wants to revoke the citizenship from people "not assimilated enough"; the so-called "The National Party" in Ireland is posting inflamed videos against people queueing to get naturalised "without sharing Irish culture and heritage". How to handle that development?
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  42. 14:17 agnostic countries: that's a great concept. In a polarized world, those options are more and more scarce
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  43. Anyone with specific EU passports won't need to go through the hassle of applying for lump-sum: just enter the country as a self-sufficient person and, with the right types of income, virtually or absolutely no income tax.
    20
  44. Almost same here. Dreamed of a house and a 1968 Dodge Charger. This Justin Bieber prime minister messed up everything.
    19
  45. Lucky me, I moved half my money from SVB to Credit Suisse. Diversification is key!
    19
  46. Andrew, what about the concepts to build a tax-free, hassle-free inheritance plan?
    18
  47. There is a Muslim country called Australia. Check what happened there to the bishop Mar Mari Emmanuel 3 days ago.
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  48. Iron Curtain 2.0
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  49.  @johntheaccountant5594  either your sense of irony is even more subtle than mine or you didn't get my joke. Have you checked the news?
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  50. Don't say it loud. We don't want to attract too many people.
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  51. Except for Shakira, she loves to be fined by the Spanish Hacienda.
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  52. The balance between aggressive and defensive assets is the game. I follow some HNWI reports and they show a trend: lots of real estate and equity, then cash/bonds, then a bit of everything else. Makes sense.
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  53. "That government is best which governs not at all"; and when men are prepared for it, that will be the kind of government which they will have. (Henry David Thoreau)
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  54. Brazil is such a no-brainer...
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  55. If you don't have a second citizenship, you are already too late
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  56. I thought it was Berlin...
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  57.  @carolinavarela1572  yes, but you have to get all the others first and the Irish last. A further naturalisation triggers the revocation of the Irish citizenship. Source: Section 19(1) point 5 of the Irish Nationality and Citizenship Act 1956.
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  58. 8:01 I love this pragmatic, "politically agnostic" approach, the one you also showed when talking about the Israeli citizenship some days ago. If you want the best for yourself, you have to leave some concepts and even prejudices behind. If you get a second residence/citizenship, it doesn't mean you married to some new ideology - quite the opposite, you may become faithful to none.
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  59. 3:00 this should end any discussion. I really don't like to be offensive or disrespectful, but only lunatics can think they can stand up against the State with a couple of guns.
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  60. Curiously, a country with strong social cohesion probably won't welcome foreigners who might become the very menace to that cohesion. A nomad going where s/he expects to be treated best is not that distinct from a regular refugee. They might tolerate your money, they won't necessarily tolerate you.
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  61. Except for Basel and Bath, I visited all of them and spent many Christmas travelling between them. Lovely places - I found Lausanne too steep LOL. Luzern is beautiful and stays halfway between Zurich and Interlaken, another favourite. Somehow it's hard to look at those places and think: "that's the decadent West, stay away!"
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  62. Next time I go to Paris, I will pay more attention to the balconies
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  63. Question: do I have to keep an official address in that country in order to mantain residency? I suppose the government, banks, etc. wants to send letters now and then, for example... Not only "easy" or "cheap", those countries are also a "quick" escape for those people spending time in the Americas. Great call.
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  64. Access to Switzerland is most important for me. When it comes to residence or bank account requirements the EU passports seem to have 3 tiers.
    12
  65. I would choose Lisbon... because it's close to Spain LOL but KL would be my second option.
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  66. "Free countries" was funny enough. I wonder which euphemism Andrew would use for you suggestion.
    12
  67. You can do it your own way. Watch older videos, check the options/countries, lifestyle, tax impact and start your plan. I am 5 figure and still managed to have 2 active residences right now. You won't have the supporting net Andrew can provide (laywers, accountants, bank managers, etc.) but you can do it.
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  68. MM2H: that would be very, very sad... I'm still a few years away from being able to afford it. It would be a "second Singapore" opportunity missed - hopefully not.
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  69. 8:04 freedom from tax returns is something that cannot be underestimated. Having to find out how to prepare tax returns in a different country or pay someone to do it is pain. Now I understand why some people prefer to pay a lump sum, as high as it might look.
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  70. Bingo!
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  71. 2:58 just for the sake of details: Germans are allowed to get new citizenships from EU countries and Switzerland - for any other countries they need that permission
    11
  72. 7:43 again: what about the Egypt New Capital? Is it an opportunity or a trap? I see hundreds of condo projects for under $1000/sqm
    11
  73. Absolutely. Not only privacy, also physical availability - no dependency on electricity, internet, electronic devices, whatever.
    11
  74. What about... heaven?
    11
  75. One of them is a caliphate
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  76. 6:47 I became an UK resident while owning an offshore company, totally unaware of CFC. It could have ruined me if the company didn't (luckily) fall under an exemption rule. As Andrew said later on the vídeo, it's dangerous to trust a bunch of comments on internet when building your offshore plan. Paid advice becomes absolutely necessary in some situations.
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  77. 1:59 "If you torture the data long enough, it will confess to anything." "There are three kinds of lies: lies, damned lies and statistics."
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  78. Latin America. Asia is for investment.
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  79.  Not Needed  but that polarization is the issue now. Until now it was somehow possible to have a passport portfolio and navigate between East and West, slowly we are forced to choose a side. Sad. Anyway, you can be right.
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  80. Brazil: there are restrictions but people have been mostly free, never locked at home. An entire continent to explore. Tax residence is not advisable.
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  81. Cuban doctors started the Nomad capitalist lifestyle in Brazil
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  82. 5:00 besides some fees, you can include the cost of living (taxes too). But even in an expensive country like Switzerland, you can live tax-free if most of your income is based on foreign property rent - pay the mandatory health insurance and that's it! Some (or many) countries might give the possibility for legal "hacks" to reduce costs during the residence period.
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  83. Small problem with the Irish citizenship: once gotten, you can't apply for further ones without losing it.
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  84. If you take out some of the words from the title, you have the answer
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  85. Brazil is a great passport and a poor investment. If you plan to get Brazilian citizenship through real estate, do it and get out later (unless it becomes your dream life).
    10
  86. I like to buy culture, so SGD + CHF + NOK
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  87. It sounds more complicated than flying with children
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  88. Irish citizenship has one caveat: you can't voluntarily acquire further citizenship (except through marriage). Source: Irish Nationality and Citizenship Act 1956, Section 19 (e)
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  89. I don't want to be physically close to China. Better invest in Asia and stay away from there.
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  90. Free or paid, the only storage I trust is that coffee can...
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  91. It reminds me of one of the only 3 guys I follow on YT, a hegde fund manager called Anton Kreil. He left the UK for Singapore and mentioned the same trouble with high taxes. But San Francisco might be rich enough not to care about an insignificant shop with only 50 branches...
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  92. You got it. 200k. Nice. Sorry for being off-topic.
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  93. Spot on!
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  94. Several ones. Search for any country that allows citizenship by residence, live there enough time, eventually learn the local language, and that's it. That simple.
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  95. Agreed, though Brazil offers some soft freedoms that some foreigners will love (and they do!). From the taxation point of view it's not good (except for the still valid exemption on inland dividends) and trying to keep an active bank account as a non-resident is a nightmare.
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  96. Funny, 2 years ago I thought NZ would be the perfect place to hide in case of a worldwide catastrophic event... well... LOL
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  97. I still can't see how to keep a foreign (non-EU) company and escape the Portuguese CFC rules...
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  98. What about a beautiful South American country planning to reactivate a bank transaction tax? Yes, tax on every single bank or financial transaction!
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  99. Absolutely. And if the currency is melting, it's one more reason to invest abroad - it can always get worse...
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  100. 11:45 that's the case for many EU countries, including Portugal. So I would like to know: if I get the Portuguese citizenship during the 10 NHR years, what happens in the 11th year? Do I have to leave immediately to a non-haven country in order to avoid insane taxes in Portugal?
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  101.  @garrettmgunderson  correct. And he has a specific video on how he manages his properties, I believe it's from 2021
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  102. George Gammon was at the Market Sniper channel yesterday and he mentioned you! There was some talk about Georgia and Colombia. I can only imagine you and the Market Sniper meeting one day...
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  103. 3:23 will Portugal tax a non-active business owner if he owns, let's say, 25% of the shares in an offshore business? Even if the business doesn't operate in a tax haven?
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  104.  @oliverallen5324  governments might not be smart, but people behind them are
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  105. Considering that Andrew won't answer you, I must say: it's not an issue. As long as you can access any mail you receive in the US, probably no one cares. If you wanted to be considered a non-resident and get FEIE, for example, you would have to pass a IRS physical presence test of 330 days in the EU; since it's the opposite, they shouldn't care because you are still a tax resident. Just search for Statutory Residence Test or similar, to be on the safe side. But if you want to be a tax non-resident... wow, no idea.
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  106. Disgusting... I wonder how many dirty deeds happen in that tiny country.
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  107. Does anyone have experience with Portugal's CFC rules? I still could not find clear info about corporate and dividend tax exemption for business owners who live in Portugal under NHR.. That's the last pending issue in my plan.
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  108. Ok Klaus, have nothing and be happy
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  109. Andrew is affecting the market LOL
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  110.  @AKSmith15  depends on what you want. The passport is great. If you want to become resident forever, it's up to you but it's not a good tax choice (unless you find specific investment options with low or even zero tax). If you decide to leave and keep your local investments, you are done: a non-resident bank account costs US$ 200/month and investments become basically frozen.
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  111. Make America Plan C
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  112. Skip the country, the experience will probably be the same in every bank over there
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  113. @RATED he left an EU country which was going to impose a new lockdown
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  114.  @kellyroyds5040  yes. You know, Switzerland is good at things with holes, be it mountains, cheese or banks.
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  115. I wonder about the outcome from those new rules. Having cosmopolitan nomads in mind, Lisbon and Porto look fine, Algarve attracted many foreigners too... but I'm not sure if HNWIs are willing to move to small villages or lessen knows cities. Anyway, let's see.
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  116. No fate but what we make
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  117. By the way: what a chair! Lovely.
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  118. I unfortunately agree with you. By the end of the century there will be no democracy as we know today.
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  119. My opinion: there is no alternative to gold. It goes under "Precious Metals" in a portfolio. I speak very often about those UHNWI reports where anyone can have a glance at their average portfolio composition.
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  120. "Lose US citizenship now. Ask me how."
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  121. Statelessness is a funny Idea but, having the US as exception, it changes nothing in the tax realm because taxation is mostly based on residency. You can be stateless in Norway and pay 93% income tax in the basic rate.
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  122. Question: do you pay income tax on foreign income? Some people following this channel were trying to find out if Bolivia taxes only local income or not.
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  123. You are right, MarcaoPT. I use to say that Portugal is just for retirees... apart from that, either be a NHR nomad or stay away.
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  124. 65%... It's getting close to what an European country did to people from a specific ethnicity, to whom they also gifted a beautifully crafted chest button, a yellow star if I am not mistaken...
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  125. 6:29 it's hard to understand exactly what the guy meant, but I know a story similar to that - and it happened in your most beloved place on Earth, Andrew... Catalunia, Spain LOL. A guy called George Orwell joined the Spanish anarchists in order to fight Franco during the Spanish Civil War. They managed to take over that area and then decided that nobody would own anything - businesses worked that way until Franco won the war. If anyone is curious, just check his book "Homage to Catalonia".
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  126.  @ryankane9208  agreed. It's a waste of money to send things abroad, plus some eventual bureaucracy.
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  127. 14:48 I wrote something similar in some video. Some people still can't grasp the complexity of the service you provide and prefer to think you "despise the poor".
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  128. Exactly. Diversification is key.
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  129. US and Spain, Andrew's favorites LOL
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  130. Ukraine: it sounds interesting but I heard their property rights are a mess. Is it true? Is it possible to invest safely in real estate anywhere there?
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  131. If you spend everything you earn, correct. But if you spend only 10% of your income, income tax savings will be far bigger than your "inflation"
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  132. You can't buy a passport with that amount, but you can get a residency visa which can give you citizenship after some years. Do your research, it's totally possible.
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  133. ​ @FHer-kb7gb the UK could sink faster, who knows?
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  134. São Paulo, Brazil, is great for international food as well. Just not the first residence choice for many.
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  135. It could be worse... I earn in BRL and have to pay in GBP
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  136. It absolutely works for anyone. The only difference might be the overhead cost vs. tax reduction, which can be less profitable for someone with lower income.
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  137.  @garycroft8213  yes. What I mean is: if you have two citizenships, including the Irish one, you cannot get a third one, otherwise your Irish citizenship will be revoked.
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  138. Absolutely. If you have most of your income from renting foreign real estate, it must be paradise.
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  139. I'm not vegan but... Switzerland? LOL I got food poisoning twice during my trips abroad, and both were there! Next time I will stop some orthodox Jew on the street and ask for kosher food, it's probably safer.
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  140. 11:14 you nailed it!
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  141. UK has a problem the other way round: EU citizens cannot get a National Insurance number; without that, they cannot take a job, even if they find one and the law allows them to work. Without a job within the first 3 months, they basically have to leave the country. Luckily I fall into another category and can stay...
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  142. Let me guess... Barcelona and Madrid?
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  143.  @Vadamsama  agreed and I would add: every single human being is racist in some way. It's not about ethnicity, but about the different. Still, some cultures are more open to the different than others.
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  144. Think of all those Moneygram and Western Union users sending their salaries to the family abroad - to "leave the family behind" is a matter of survival for many. On the other hand, I think of those music celebrities who spend 30-40 years on the road, and some of them become totally absent parents... If someone wants to keep moving ALL the time and keep total freedom, I personally think it's better not to start a family.
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  145. Nothing that a new wall cannot solve.
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  146. Malaysia
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  147. The cost of living is a problem for lower income people; non-doms can avoid income tax. But you are right in saying that London is not a #1 option for everyone.
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  148. Nice info. I always saw Cyprus as a sub-optimal tax solution but now I see it has some interesting perks.
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  149. I also would like to know... Watching from far away, Dubai seems to be "dying" in terms of investment returns and Egypt seems to be cloning the model... It would be a good option to diversify geographically but I don't want to be dumb money
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  150. Gazprom and TBC were so hardly beaten that I would risk investing in them. Brazil can eventually be nice too, but the presidencial election this year will bring even more volatility.
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  151. I did. I didn't really believe that and thought the UK had potential. Well, now I can attest the country is in big trouble.
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  152. You are right, guys. Dumb me.
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  153. 6:21 ... and then everyone wants to move to Tbilisi.
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  154. "Those who would give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety." (Benjamin Franklin) I don't mean to be nasty with such quote, which BTW was used in a comment yesterday. In the last 18 months Latin America showed a relative level of freedom, which felt like "insecure" by the rest of the world. Just my impression, I could be totally wrong.
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  155.  @Paul-uz8xi  that's right. Portugal is in the top 3 on safety, nevertheless my family has been harassed almost every day by drug dealers in Lisbon downtown - during daylight!
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  156.  @victording6698  no, it's Spain. Portugal requires 5 years of residence.
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  157.  @luoma9040  From the Spanish government website: "Nacionalidad por Residencia: Residir en España de forma legal, continuada e inmediatamente anterior a la solicitud durante los siguientes plazos: (3) 2 años para los nacionales de países iberoamericanos (*incluido Brasil*), Andorra, Filipinas, Guinea Ecuatorial, Portugal o personas de origen sefardí." Clear enough?
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  158. UAE or Qatar, but since I can't stand a "luxury lifestyle" I would rather join the bedouins. If the game rules could be twisted a bit, I would rearrange my investments and live in Switzerland or Brazil, for example, where it's possible to pay no income tax.
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  159. 4:03 It could be worse: be born a male baby to a mindless Singapore PR holder and, 20 years later, be arrested on the spot as a draft dodger when doing a simple backpacking trip to Singapore...
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  160.  @YonIon996  it shouldn't and it's not. And stop spamming.
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  161. Just keep flagging the scammers
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  162. It's not a tax haven, guys. It's possible to live tax-free there, but only under certain conditions. Great passport to have (Andrew already mentioned it), but not a top place to stay - at least in his opinion, which is arguable, of course.
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  163. Southern hemisphere... someone mentioned Belarus too
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  164. It's important to be first, then
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  165. Absolutely right. Maybe it's not always clear, but Andrew usually talks about a "holistic plan", so quality of life is surely an important aspect.
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  166.  @beomc4539  I can hardly give credit to someone who starts a war but, considering how brainwashed we are in the West, I believe you are 100% accurate
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  167. 8:41 it can also be a BBQ to which you bring your vegan family - no matter how much you enjoy it, they will feel miserable. If you are confident that a nomad life is good for them, you just drag them. Period.
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  168. Exactly. Nothing changes for me at least. I thought they would end NHR.
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  169. It depends. Open for entry but tricky if you have to leave, as the word about a mutation has been spreaded around the world and the country has entered a red list in many places. Do it at your own peril.
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  170. Amen to that.
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  171.  @wouter1602  yes. MYR 150k deposit for singles or MYR 10k monthly salary/pension, if the source on the internet is correct.
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  172. 7:10 not really, prices skyrocketed along with the dollar and many locals can't afford red meat or even chicken, for example. But yes, a single person can basically live anywhere in the country with $1k including private health insurance (though not the best ones).
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  173. It's no longer a hotel room, now it's a yacht
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  174. Short answer: the child (abroad) has to get drafted at age 18 in some embassy/consulate and can be freed at age 28. That's the case for those who don't show up in Brazil. In fact, male Brazilians are screened and just a small percentage has to spend 12 months performing any service. Depending on his other citizenships, he could be freed from all the other drafts and have nothing to perform in Brazil - I didn't delve deeper into that possibility, though.
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  175. "Bulls make money, bears make money, pigs get slaughtered." Having said that, I don't have any problem with someone who wants to invest in the US, as long as one manages it well. What hold me back are the high dividend tax (for stocks/REITs) and the estate tax for non-residents.
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  176. You reap what you sow :)
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  177. Someone may correct me, but jus sanguinis seems to be an universal rule and jus soli comes on top of it, if applicable. Some exceptions apart (ex.: a Lebanese mother), the parents will always pass their nationalities to their children; the country of birth may give an extra citizenship regardless of the parents' nationalities.
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  178. UK call option for EU citizens: EU Settlement Scheme. Possibly has a lot of upside
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  179. Congrats! I know that feeling. Sometimes I just stare at my second passport like a jewel.
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  180. Could you elaborate more? Do you see it as a precedence for future seizing? Or expect some form of retaliation?
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  181. There is always a way. I have accounts in 3 different countries by being resident in them at some point in time, even on a low income. As I always say: you don't have to be rich to follow Andrew's concepts.
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  182. I tend to believe that this video is useless. You have nothing to prove to anyone. We have known your services and, mainly, your mindset. If anyone doesn't agree with you, good luck for them. As people use to say in Brazil: "dogs bark but the convoy keeps going forward"
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  183. Nazi Germany?
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  184. Best comment ever
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  185. One detail: if anyone goes to Portugal shortly and, just for fun, gets a NIF, that moment is counted towards the 5-years requirement - that would force that person to apply for the NHR until March next year or miss it entirely. That's what I heard/read somewhere, so check it out before you make that move.
    5
  186. Not sure, with Nicola Sturgeon you could self-ID as a trans...national person and simply stay. Jokes aside, if your grandfather was born in the UK, you have to check "British citizenship by descent" rules, they are quite complicated if you and your parents were born out of the UK.
    5
  187. Remittance based taxation for the first 7 years or so, then a lump-sum value afterwards
    5
  188. ​ @mercedbread9045  they are made to think so
    5
  189.  @patricktraichal9287  spot on, man! That's the main reason why I don't even think about residencies - always aiming at future citizenships instead, because they are harder to be taken away.
    5
  190. Absolutely! Some things cannot replace age and experience.
    5
  191. Now that's a great mix! Geographically well diversified. Congrats. I'm on the way to leave something similar to my descendency.
    5
  192. 6:00 so Dubai got worse than Portugal? Well, well, well...
    5
  193.  @mobileandroid5299  if data in Wikipedia is accurate and up-to-date, Singapore is not a tax haven for Portugal... but it is for Italy. So if you would move from Italy to Singapore, yes, you continue to be tax resident in Italy. If you don't unregister yourself, you might continue to be tax resident anyway... And have you heard of CRS? Singapore may find a reason to fine you due to tax evasion in Italy, or whatever.
    5
  194.  @MrDenjok  if you have 2 properties in Canada, you can probably make $1000 a month. Andrew did some videos about places where you can live on that income. Take some vacations, choose a place and spend one month there keeping the same consumption habits. You will realize if it's feasible or not.
    5
  195.  @cosmichealth3907  Non Habitual Residence program
    5
  196.  @matthewsongloong9573  and probably has a bit more space, huh?
    5
  197. Heard of non-dom?
    5
  198. Now compare all those current options in the UK with: show up with an EU passport, fill up an online application and done, you get 5y residence. Sometimes you have to grab the opportunity while you still have it, in the same way Andrew used to say about Singapore years ago.
    5
  199. I moved to the UK as an option during Brexit... well, things look very messy, but I will go through it and hope it gets better.
    4
  200. BTW: for families based abroad it's very easy to lose the British citizenship after a couple of generations. Roughly speaking, parents born abroad must live in the UK with their children for some years in order to pass on the British citizenship. If you think intergenerationally, it sounds "insecure".
    4
  201. It shouldn't. If the border control is able to link your person to your multiple passports (not sure if they can ATM), they can simply reject you - or even worse if they consider you are really trying to cheat in order to live there perpetually on tourist visas, for example.
    4
  202. It's an extremely good concept. And it's not only about taxes, things like food and energy are much cheaper in some places - actually, the energy consumption can be much lower due to less harsh weather, for example.
    4
  203. No fate but what we make
    4
  204. You are right. It's not so intuitive for some folks, though. Chaos, not vigilance, is the price for liberty.
    4
  205. Yes, he did.
    4
  206.  @Jackson-e4k  try via Google, it may be easier. I don't remember the title. It's a long video.
    4
  207. There is state pension.
    4
  208.  @andrewhewerdine  ouch! And I see people going to the US in order to give birth...
    4
  209. Absolutely LOL
    4
  210. 5:58 Saudi Arabia = Khashoggi
    4
  211. Except for Saudi Arabia, all the others look fine.
    4
  212. If you don't have the $$$$ you want but you can afford living there, it can even better: you might have few taxes to pay if your income is close to the threshold
    4
  213. And, for them, Australia is a thriving democracy (ahem
    4
  214. Yes, absolutely doable. Been doing that myself, including private health insurance for the entire family. It's not the most interesting place in the world, but you will be inside a "continent", not a small country.
    4
  215. Oh, yachts...I saw "boat" and thought it was for the UK...
    4
  216. Prices will crash anywhere the real estate market is based on cheap money/mortgages
    4
  217.  @svensulzmann4282  it's a trend. The UK removed the GBP 2 million investor visa for a reason: no more Russians. Of course I might be wrong, but that's the international "mood" at the moment.
    4
  218. Lapland
    4
  219. Irish citizenship: very nice... as long as The National Party doesn't revoke it one day
    4
  220. If we are talking strictly about passport quality, then Bulgaria and Romenia. The "better quality" EU passports open more doors.
    4
  221. Not quite sure, but probably the entire Interview was posted in the past. Just check the channel history.
    4
  222. Andrew, why not Spain? LOL
    4
  223. Alcatrazalia?
    4
  224. I'm not Andrew 😄 but that's my take: you cannot afford him, and probably you don't need him. If you are retired and has some stocks, it's quite straightforward. A 7 figure entrepreneur has to deal with nasty things like CFC rules - do you?
    4
  225.  @rivenoak  yeah, Germany is a kind of strange scenario. If you ask about the possibility of dual citizenship, the answer is not "yes" or "no" but something like "50%".
    4
  226.  @Mickeycuatropatas  ... or she didn't pay attention to him. I don't know details but it was like an Andrew's dystopia, they found a break in her 180-days rule via Facebook posts or similar to that. More and more I understand why Andrew loves Spain 🤭
    4
  227. Did Andrew just give away the place he plans to move to? 🤔
    4
  228. Israel is much safer than both. Syria is maybe safer than Rio, where kids are shot dead in schools and streets every now and then, and tourists are killed if they make a wrong turn in a street.
    4
  229. One question: is there any deadline for the citizenship application after buying real estate? Or, let's say, may I buy a flat today and apply in 2035 (as long as the program still exists)?
    4
  230. Any reason not to mention Lebanon? Requirements are similar to Malaysia and it also has a territorial tax system.
    4
  231. 4:19 since you mentioned that, I really would like to watch an episode in which you give your take on some Wealth Reports or other studies. They seem to show that HNWIs keep something like 25%-30% of their portfolios in real estate.
    4
  232.  @ThePushUKLifestyle  that's what the current law says, you can google it. If the government changes it in the future or if there are exceptions to the rule, it's another story.
    4
  233. 1:46 🤣🤣🤣
    4
  234. It can be worse: they get toasted by an EMP.
    4
  235. LOL
    4
  236.  @ianlancaster8563  that's a noble mentality
    4
  237.  @camelotenglishtuition6394  not so simple. Grandpa born in Scotland passes on citizenship to mommy - fine. But mommy born outside the UK cannot pass citizenship to anybody unless she lives in the UK with kids for a number of years. That's roughly a description of the current rules, it's important to check them out.
    4
  238. 4:35 Ronaldinho didn't know that. He is in prison now.
    4
  239. It's not worth sacrificing a 6 figure salary just because you don't want to pay taxes (unless you can get a higher net salary somewhere else). Just save as much as you can and then make sure you invest that savings in the best possible jurisdiction. One day, if your salary stops being the most important income, you are free to move. Think long term.
    4
  240.  @jeffweingrad4658  it's a legacy brand issue. I can't blame them after going to another legacy brand country myself. Probably many of them are not aware of future IRS or FATCA issues for their babies.
    4
  241. There was one on Bahrein, some weeks ago
    4
  242. Still? I've been following my dream flats in the Porto region, they went up 50% in the last 3-4 years but I really hope the prices will hold for a while.
    4
  243. I wonder where those 15,000 Russians are going. The flow numbers highlighted on the map don't match.
    4
  244. 2:26 that's the case for those who went through naturalisation in Ireland, unfortunately. Source: Irish Nationality and Citizenship Act 1956, section 19 (1)(e)
    4
  245. Sad to hear that. In Brazil you can't go to any beach but there is no legal limitation on movement besides that, afaik.
    4
  246.  @CoCody_  correct me if I misunderstood you, but yes, there is a limit of 90 days for the entire Schengen area unless you are, well, a regular (tax) resident in one of those countries. So you can't enter and spend, let's say, 2 months per year in each country as a tourist. Tax nomad? No, it won't work. Check the best tax deal inside the EU and become a tax resident there, it's simply the best option.
    4
  247. Hope they hurry up. If you were born after 1999 and get a kid abroad, you need your process done in order to register the child before he/she becomes 1 year old. Not sure if people are aware of that rule.
    4
  248. I see CBI as a quick fix. Those with more time/less money should go for the residence route. I know Andrew doesn't think that way, though.
    3
  249. Sorry for that. It's simply draconian.
    3
  250. Careful with stocks.
    3
  251. The big question is: will the prices go up after you buy? If you just want to use the exchange rate and park your money, fine; an investment return is unpredictable.
    3
  252. Nice job!
    3
  253. Switzerland can be, depending on your profile and eventual arrangements
    3
  254. You mean what the SPD party is bringing as proposal?
    3
  255.  @eJuniorA2  funny thing is: last week I watched some analysts in your neighbor country telling people to invest abroad, in dollars - 10% in a moderate or 20% in an aggressive portfolio LOL! I wrote a comment: it should be the other way round! You don't invest 80% of your portfolio in a country which has its currency among the worst performers. We need a good financial plan: low taxes as well as strong currencies.
    3
  256. Funny, I think the other way round: rich people with lots of space and the majority trapped inside city walls...
    3
  257. Lucky you. Great place to invest, not so great to live. But I respect your wish to get the PR, if you really want to.
    3
  258. Though possible, the odds are low. Even non-resident foreigners are allowed to receive pension in many (if not all) countries, as long as they made contributions for some years.
    3
  259. Exactly.
    3
  260.  @stevemeier2852  so a baby born in Lebanon from a Cuban father and a Lebanese mother is stateless. Sweet...
    3
  261. Is it hard or rather impossible? What are the rules?
    3
  262. Cryptos are viruses
    3
  263. You can live like a king in Madrid, but don't approach Paiporta
    3
  264. Yes, it's an interesting option... with two caveats: I heard the process is not that quick (it can take another two years to get the citizenship) and you will be highly taxed all along. Maybe a good option for lower net worth people, like myself.
    3
  265. This risk always exists. In a sense, multiple citizenships will increase the risk, but it could have the opposite effect (especially for children): get rid of the draft in one country, get a certificate and tell the others you are done with it already. Depending on your passport portfolio, it's a way to escape conscription. If there is war, flee and wait for the end.
    3
  266.  @Shamrah.A  ok, I just found a piece of news. They are basically reducing the number of applicants and taking more money from them - kind of a Singapore effect. Pity, in a few years I would be eligible for it.
    3
  267. Five year ago I made a Brexit bet and... moved to the UK. Inspired by Andrew, BTW. Welly welly welly... Luckily my tax impact is minimal.
    3
  268.  @ITAviation1  not quite the same. Any new citizenship is forbidden in Austria unless you ask for permission before you even apply for it. AFAIK dual citizenship is just allowed if it's by descent, but it's better to check what are the requirements.
    3
  269. I was expecting US, Canada and UK as well, but it seems they are not even rated anymore LOL
    3
  270. I don't think so. Government people also go where they're treated best and nothing happens.
    3
  271. Maybe...why not?
    3
  272.  @burn_out  oh yes, you are right
    3
  273. He won't. It's not about growing the business or not. The solutions he has to prepare for 8-10 figure people require an infrastructure which is different from what we would be able/ready to pay for. Who would be ready to make taylor-made plans for lower income people, research 100+ countries, build and keep a database of bank managers and real estate agents across the globe, go through laws and tax issues, spend weeks on a single customer and charge $500 for it? Maybe it would be more profitable for him (with much less hassle) to just allow ads on this channel.
    3
  274. Dublin, absolutely! Singapore is the best investment option, it can keep part of my cash and gold.
    3
  275. Bolívia: could anyone tell me if it has a territorial tax system? I found contradictory data on the web.
    3
  276. Exactly. That's what they are doing with the trillions: buying means of production and creating a bubble out of it.
    3
  277. Tax havens would be an issue if you became resident in Italy. One can "apply" for citizenship by descent without ever becoming resident... or so it should be.
    3
  278. 3 months are enough for UK
    3
  279. LOL that's my feeling, even though I don't live in any of them. How can I be jealous about a city, or worse, more than one?
    3
  280. 4:23 bingo!
    3
  281. 35:08 second negative note against the US I take today... The other one was on today's video, about people who cannot open a bank account in their own country because they happen to be US dual citizens. Absolutely insane.
    3
  282. Though I agree 100%, the fact that such a program exists means that there is a demand, as insulting as it feels...
    3
  283. That happened in Brazil a few months ago. You paid the fee, but the police didn't have money to produce the passports. Yes, the previous sentence is correct.
    3
  284. I wonder where the rich Europeans will go when the power grid starts to be shut down...
    3
  285.  @m0wfo  I am quite skeptical about Brazil but it could pay off (and I hope it does). Its economy is strongly affected by politics and that's too risky IMO.
    3
  286. Adopt some children who will appreciate them. There is always someone like that.
    3
  287. 40% is outrageous. That's why estate planning should come before we even start investing money. I would love to buy property in the UK, but I would try to keep it below 950k (I think that is the maximum free allowance).
    3
  288. 2:26 so...the closer to the US, the less safe it is?
    3
  289. 4:32 no, you don't
    3
  290. @Jozf our scenario, with lower income, can make things even easier because it might mean an easier tax structure. We can be close to or below the tax allowance level in more expensive countries; that can makes us more flexible and not bound to territorial taxation countries. Mask is right: go through the videos and see what each country can offer you.
    3
  291. Argentina is quite free. As an Argentinian, you can go to some other country, get in jail for racism and be bailed out by your consulate. Nice!
    3
  292. Absolutely. Like stocks, real estate was affected by cheap money for many years.
    3
  293.  @g-prince3375  choose countries that allow dual citizenship
    3
  294. I am so happy I don't have to care about it anymore... My place is secured without that amount.
    3
  295. Your geographical diversification approach is great. I just would choose one of the 5 biggest countries - you know, some people need space LOL. Eventually China and USA would be out, so Canada, Brazil or Russia would get one place on my list.
    3
  296.  @naillijseer  Japan won't accept dual citizenship and Morocco won't allow renouncing. That's the conflict he meant. Interesting case.
    3
  297.  @febsign6110  maybe that's the point. If he was born out of the UK, you would need to spend a few years there together. I'm saying that because I am an UK resident, eventually on the way to citizenship, and I have checked those rules. If you still wish to do it, just check the rules again.
    3
  298. Funny... Since I started my UK residence plan, there are so many signals telling me to give it up LOL
    3
  299. Both?
    3
  300.  @scsmith4604  not necessarily, it can be "free" if you take the (residence) time - of course it is another kind of cost, but anyway...
    3
  301. As a kind of pacifist, I would never touch this citizenship, even though having been there for a while and enjoyed it so much! I would easily spend one entire year there, if not longer.
    3
  302.  @Vadamsama  Transferwise offers that, probably there are many others.
    3
  303. The guy is a member of a Wealth Tax commission. Trojan horse.
    3
  304. Fernanda, did you get via naturalization by residence? If yes, was it hard? Last week there was some discussions about that process, so it would be interesting to know your experience. Maybe I would try it myself one day...
    2
  305.  @scoutsout_aroundtheworld1015  that's exactly why he is known for being "expensive" - wealthy people have complicated needs and that comes at a price, since Andrew spent years building contacts in many countries and "testing" them in many ways. Anyone can do it "for free", but it takes a lot of time and effort. Imagine arriving in Montenegro for the first time in your life, needing legal advice; who will you trust? Andrew himself already said that he pays to get rid of any hassle...including finding the right people for whatever task.
    2
  306. Absolutely wonderful city. Spent a lot of time there under good and bad weather. Yeah, just not small enough...
    2
  307. No, not enough. Try the UK, for example.
    2
  308. Same here. I think it was less than 200k back then.
    2
  309.  @sweethibiscus2514  good question
    2
  310. Yes, and the Minsk property market
    2
  311. Is there no other way to lose the US citizenship?
    2
  312. @Roy Hundred that simple? LOL
    2
  313. "I would suggest individuals and their advisers hold back from any action now. If rumours of a wealth tax continue to build then this can always be reviewed." what about that, Andrew? LOL
    2
  314. True for mere mortals like us, but not for wealthy people. They can buy a fancy flat in London with the pocket change.
    2
  315. You will own no citizenship and be happy.
    2
  316.  @pranu1412  get a residence visa, stay for 5 years, apply for a permanent visa, stay for further 5 years, never get any kind of social benefits, work and pay taxes all the way... BELONG to the local community and be accepted by them - so that, after at least 10 years, you can apply for citizenship and get scrutinized before they accept/reject you. It's no rant, I just want to stress that, different than some other countries, they are more discretionary and don't just hand out a citizenship based on a short list of simple requirements (residence time , employment and language level, for example).
    2
  317.  Elton John Candy  better not, Andrew would not like to see his channel hijacked by extremists
    2
  318. Yes. You can afford a mid class lifestyle for a family with that amount.
    2
  319. Yes, I know it LOL I start scratching the YT screen like a dog until the new vídeo appears
    2
  320. I'm afraid you are right. They can create a new problem in order to solve the current one and keep rolling, forever.
    2
  321. Maybe because, except for descent, one would need to be a resident there for at least 7 years in order to get citizenship - paying relatively high taxes in the meanwhile. That's why Malta and Portugal are mentioned more often among the EU countries, due to special taxation.
    2
  322.  @abeonthehill166  thanks for the tips, I'm already check them. My job is fully remote, so housing costs are basically my only concern. Oh yes, it would be nice not to be stabbed... I survived a gun pointed to my head once, enough adventure.
    2
  323. California über alles
    2
  324.  @henryjohnson-ville3834  I was kidding with the 93%, but 50-60% is probably very realistic.
    2
  325. Most important thing: how was the birth? That's something that can scare some people; besides that, give birth in Brazil is almost like a no-brainer, very "easy" way to gather an extra citizenship.
    2
  326. @S. Walker I also thought about it... If so many would afford to go there at some point, it would ruin the place.
    2
  327.  @peterbyrne3228  my conclusion was: it is ok, as long as you don't perform any work for that company/holding, otherwise you will be liable to corporate tax. As I said, check out the other thread where a tax lawyer describes it with more details.
    2
  328. Absolutely. Even 0-2 figure entrepreneurs can do it until Dec 31st. Even I did it (the other way round).
    2
  329. Man, I hated that video 😆 In the last days I have been developing a longing for those places I visited in the past - specifically Austria! What a coincidence...Nomad Dad, you made the longing even worse now. Yes, Europe has some wonderful pearls.
    2
  330. I will try Scotland next year. Let's see how it goes.
    2
  331. 13:34 bingo!
    2
  332.  @byronlaw6724  maybe you mixed things up, Liechtenstein is a separated country and has a prince.
    2
  333.  @123mandalore777  your comment should be pinned at every search engine's homepage for future reference
    2
  334. Tiktok? Is it another China virus?
    2
  335. Maybe a 4th option: get Russian citizenship and wait for the annexation
    2
  336. Yes, I just got the news today
    2
  337. Source? The official website says the program is still suspended.
    2
  338. 1:37 wow wow, we have breaking news! What country would that be? 🤔
    2
  339. Any advice on good Asian brokers? I don't even know where to start, except that Singapore sounds safer to me.
    2
  340. That's dangerous. It's like shorting Tesla. Being skeptical as I am about those manias, still I think one has to be very careful going against the herd.
    2
  341. "It's just a president." Boss! You nailed it.
    2
  342. (Un)fortunately not. But it would be a fun experiment to calculate the theoretical maximum number of citizenships a single person can have.
    2
  343.  @eliefosso7215  I don't know. Maybe more than one...maybe none? Who knows?
    2
  344.  @chch359  Switzerland has different criterias for some EU passports in some situations. And if you want to open a bank account as a non-resident, for some banks you must be on a very small list of EU countries. I know, it's a negligible advantage for many...
    2
  345. Funny situation: in order to open an high street bank account in the UK, I had to show a bank statement... from a fintech! And that really worked. Just arrived in the country and got both accounts for free. Anyway, if people still think the regular banks will be killed by fintechs, they should listen to Andrew and change their minds.
    2
  346.  @ianpk5234  he is no tax nomad and advocates against it. He is tax resident in Malaysia due to its territorial tax system and could spend his life there, but he decided to have multiple homes and keep travelling around the world every year.
    2
  347. Andrew, what about places to store/park money, are there overrated countries? I don't mean investment, but store of wealth. Example: gold vaults are located in the old good places like London, Singapore, Zurich and NY. There is a reason for that. Wouldn't you buy real estate in those places, like many UHNWIs do?
    2
  348. 10:50 CHOICE! I remember the feeling when entering a new country I chose to live in, especially being a legacy brand one. They opened the borders to me, not because some company got me a visa, but because I simply wanted to go there. It's mind blowing somehow. You then realize that the world is a big sandbox and it's open for you to explore and play.
    2
  349. Ok boomer 😆 really, if I was a boomer I would go to that young lady and slap her face - that would teach the world that respect for older people is part of being civilized.
    2
  350.  @jannikmeissner  really? I understood you can ask for a Beibehaltungsgenehmigung if you can prove something "serious" like an investment or property in a new country. Anyway, you can always get another EU citizenship as insurance against the fall of the EU... or even better, Switzerland!
    2
  351. It should be minimal, if not zero. I don't remember paying anything in Europe. It can depend on the passport(s) you have.
    2
  352. Like "Rock in Rio"... in Portugal
    2
  353.  @svensulzmann4282  by "foreigners" you mean "non-Jews"?
    2
  354.  @svensulzmann4282  how does one know if a property is for sale to "anyone"? Could I buy a holiday house through Christie's, for example? Even in the remote case that the house is located in Jerusalem?
    2
  355. And there is the dollar milkshake theory too... Hard to do any forecast
    2
  356. What do you mean, I don't owe the Austro-Hungarian empire anything?
    2
  357.  @kippsguitar6539  it's not Andrew's fault, he already warned about it - people don't think for themselves, just try to emulate whatever they listen here. I saw the comments on the 1% tax video, many did not even understand what it was about.
    2
  358. No news about the end of IIP (Ireland)?
    2
  359. First!
    2
  360. Exactly. Sometimes I fancy opening a company like Andrew. It's unbelievable how people are ready to give money away for just a bit of know-how.
    2
  361. Everytime I see it, I can only think: where is Jessica Hyde?
    2
  362.  @ResearcherofArabPagans  he is correct... if he cannot leave his place
    2
  363. Yes, absolutely, I've been saying that for a time. It impacts hugely on the decisions we have to make as nomads.
    2
  364.  @yellowwducky  ok, then someone else must be leaving...
    2
  365.  @yellowwducky  maybe thousands spreaded around the former USSR region
    2
  366.  @keffinsg  are you sure? https://www.mfa.gov.sg/Overseas-Mission/Chennai/Consular-Services/National-Service-Obligation
    2
  367.  @timetoventureout189  it really depends on your perception. A former husband from Monica Bellucci, French actor, used to live in Rio, among the normal population - a place I would maybe never visit in my life - children are shot dead every week, basically. So everything is relative. Your family, being English-speaking, would be treated as semigods; most probably your choices would narrow down to the main metro areas: São Paulo, Rio (why not) and others, where you might have better choices for schools and hospitals. Anyway, best thing is to visit and see by yourself.
    2
  368. Internet provider? That might be a business to start there...
    2
  369.  @MegaBallPowerBall  your point is absolutely valid. I just think that a "call option" (as Andrew uses to say) in the Middle East is not a bad idea and could be part of a diversified portfolio. It's not everybody's cup of tea, I agree.
    2
  370. Same for Portugal.
    2
  371. What if you invest solely on foreign real estate for rental income? Wouldn't you be free from income tax?
    2
  372.  @torontovoice1  there is also inheritance tax, but only on very few cantons. Anyway, wealth tax is not income tax and you can choose some cantons that charge you close to 0.1% p.a. Believe me: unless you are a UHNWI loaded only with cash/equities and no real estate abroad, the wealth tax is your least problem. Your weekly BBQs will probably be more expensive than that.
    2
  373. You don't have to be wealthy in order to follow Andrew's principles. As long as you can put some money aside, enough for a short trip, is already a beginning. I did this in 2020 and started a new residence - if you can't afford this, at least open a small bank account, then develop from there.
    2
  374. ... and since they won't learn, the only option is to avoid them
    2
  375. That won't be a joke in 100 years from now. I can imagine the first Mars passports being printed...
    2
  376. Scrolling down the videos I find this: "The Rise and Fall of California - What's Driving California's Mass Exodus?" by CNBC. Hmm. And some people come here with comments about FUD...
    2
  377.  @johnmcternan4157  personality and character too. Sometimes I travelled having fun and total peace of mind, while sometimes I brought the problems with me and felt miserable. As Andrew uses to say, moving has to be a holistic plan because it won't solve your problems all of a sudden.
    2
  378. Also following. It will be fun to see how many HNWIs are reading YT comments and will bother to share their knowledge and experience.
    2
  379. 12/12/12 😂😂😂
    2
  380. You have even more options. Rich people have to cut taxes; people like us will probably pay little to no tax almost everywhere. If you have passive income in USD, you are good to go anytime.
    2
  381.  @tentimetex  moving FROM Germany TO their version of a tax haven. I just pointed their rules in comparision to countries like Portugal or Spain.
    2
  382.  @ihsw8  absolutely
    1
  383. What do you consider as a decent yield from Singapore REITs? 4%?
    1
  384. It will be a matter of personal taste.
    1
  385.  @snterp  there is CFC, ATAD 2... Such a mess. Maybe Ireland is easier as a non-dom
    1
  386. Andrew is mesmerized by Spain, he loves it 🤣🤣🤣 just browse through his videos on real estate, you will find the answer
    1
  387. ​ @AdrianAJojko  brilliant and complete answer. It's just a matter of paying the price and doing the homework.
    1
  388.  @MajesticLawnGnome  what country, may I ask?
    1
  389.  @patricksweeney5308  I realized you have property in Egypt. Do you know anything regarding the New Capital? Are there properties for sale which are open for foreigners and would you consider it a good investment?
    1
  390.  @garrettmgunderson  absolutely correct. And if a UHNWI decides to put his/her entire wealth into a private bank and "do nothing"... well no, it's necessary to monitor its performance!
    1
  391. Hi Sheila, tell me more about the real estate market. It's a fascinating country!
    1
  392.  @sheilareza2188  Thanks for the reply. It's tempting to invest there, so close to Georgia. Which locations do you consider the top at the Caspian Sea area? Just daydreaming LOL
    1
  393.  @sheilareza2188  great, got it. Maybe you can become my friend one day LOL. But seriously, I will keep it in mind.
    1
  394. Genius!
    1
  395.  @snterp  yeah, what a disappointment
    1
  396.  @snterp  not at all, it's just fun to see how displeased Andrew gets about Spain 🤭 jokes aside, the Spanish citizenship would be a quick one to get, theoretically... but I got scared of the heavy taxes and bureaucracy.
    1
  397.  @pranu1412  if your investment would generate a 6-digit tax amount, then yes, you could apply for something like an investor visa. The "budget" option is to get a job. A "simpler" way is to get an EU citizenship and move in as a self-employed/self-sufficient person, as long as you can show proof of income/savings.
    1
  398. Ireland will unite for sure and it has nothing to do with the UK or the Troubles. There is a big common enemy now.
    1
  399. Definitely Spain is NOT a place to live like a king
    1
  400.  @T.L.Turner  can't remember but probably yes
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  401.  @donovanmic  interesting... so it's like the UK non-dom concept? Do you know for how long is it valid?
    1
  402.  @KeepingItRealBro  I don't think he will because: 1) it's not an issue for 7-8 figure entrepreneurs and 2) he is not fond of English-speaking countries anyway.
    1
  403. Agreed. Maybe due to that neutrality issue, they seem to be in a constant state of vigilance - it's not harsh, but not relaxing either.
    1
  404. It's a good passport but not the best choice for residence, unless you really love the country. Not tax or business friendly. If you stay in Brazil without being tax resident, you can have plenty of nice experiences on a huge country.
    1
  405.  Jenny Lake  you can, but there are two set of rules: when you become German, there is a list of countries whose citizenship you can keep; and, as a German, you can only get citizenship from other EU countries or from Switzerland, unless you can convince them properly and get an official authorization for citizenship retention (Brexit brought issues because of that).
    1
  406.  @wolfgangwust5883  he did it some months ago, do a search
    1
  407.  @BlackMuslimConservative  yes, Andrew's own example: tax resident in Malaysia (territorial tax system) plus properties in Colombia and Serbia, among others.
    1
  408.  Tenero Pompino  Nice. Is it valid for stocks and REITs too?
    1
  409.  @brambakker1939  Permanent Residence visa
    1
  410. You can buy Argentina with that money. Jokes aside, I do think you can live quite easily there with that income. I can support my family anywhere in Brazil with that amount, including rent and a basic private health insurance.
    1
  411. Funny enough, I'm just waiting for my pre-settled status in order to go back to your country 😁
    1
  412.  @abeonthehill166  I haven't been in Argentina but probably you will be much safer than in Brazil. Talking about safety and crime, is there any place you would (not) recommend in the UK? The North seems to have cheaper rent, but I hear about a higher violence rate there... Edinburgh would be an option but it's becoming expensive. Any thoughts?
    1
  413.  @giovanni0908  it's always issued on the next day, the latest, including the tax number. But let's hear from him.
    1
  414. You mean the Austrian architect? LOL
    1
  415. 5:30 are you serious, Andrew? What are the expectations for such "nice" website?
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  416. I wonder how someone can be so smart to earn millions and be so stupid to believe in such fairy tales about paying no tax, just by getting a second citizenship...
    1
  417.  @libertos9960  Not so easy. Check out another comment on this video regarding management of foreign companies. I still didn't find a source telling exactly what rules Portugal use to determine how a company could become tax resident if (part of) the board is tax resident.
    1
  418.  @stuarth1996  Brexit brought that bad atmosphere for EU citizens in the UK, but since the official position is "we want you to stay", legislation is supposed to protect them (us) and allow residence for the next 5 years via pre-settled status. They cannot risk harming the Brits abroad by throwing out EU citizens all of a sudden.
    1
  419.  @hotepkennels  conscription may be one reason?
    1
  420. Ilhabela, Brazil - too many mosquitos, tough. Now seriously, with all the problems, I still stick with the UK.
    1
  421.  @algae_rhythms  maybe I'm still addicted to legacy brands
    1
  422. ...and you are unable to pursue further citizenships...
    1
  423.  @JP-qn4uo  Act 1956 says that. Unless you can tell us that the Irish government understand and/or executes it in a different way
    1
  424.  @JP-qn4uo  section 19 (e)
    1
  425. So we are back to last week's question: Latin America or Asia? 🤔
    1
  426. Absolutely!
    1
  427.  @christianorsa  LOL
    1
  428.  @priestesslucy  yes. Controlled Foreign Company. Depending on the country you reside as an entrepreneur, your company also becomes resident 😵 a problem that a retiree or a crypto investor doesn't have
    1
  429. Don't worry. Immigration fixes everything.
    1
  430. Wow, YT asked me to think again before posting that
    1
  431.  @ivanduvalierveryevildictat8940  I don't believe in wars. If you prefer to insult me for this reason, fine...
    1
  432. Edinburgh is considered a top place for expats in the UK. Would you advice someone to buy real estate there? If not, what would be the main reason?
    1
  433. Mainstream media has an agenda. It's not even worth responding, except for those who may listen to you and become aware.
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  434. Haha I did it too but it was a coincidence, my original target was Scotland
    1
  435. Are you an IRS employee? LOL
    1
  436. I think the opposite: it's hard to convince people to sacrifice themselves for a global agenda. Try mentioning their home/nation/family. I do think we will have a new wave of nationalism and it can get really really bloody. Just my take, hopefully it will never happen.
    1
  437.  @ahcmit  some 50km southeast from Cairo. Huge project, a new entire city for 6 million people + government. That's why I would like to hear from Andrew about it, he is still talking about Cairo and its "cheap" real estate.
    1
  438. Tell us, what will happen to Cairo real estate market after the New Capital is up and running? Prices will plummet?
    1
  439. Not bad... good call.
    1
  440. Nice, very well explained.
    1
  441.  @nenad6278  who knows? LOL
    1
  442.  @adamnixon5503  add Italy and France to that list, depending on the bank
    1
  443.  @Old_Salt  may I ask you why? Seriously. There must be some misconceptions/prejudice regarding Lebanon, so I would like to know some concrete reasons not to try it.
    1
  444.  @Old_Salt  Thanks. No wonder Andrew selects a few countries: theoretically there are some other options for territorial taxation but, like Lebanon, there are practical reasons to stay away. Pity though.
    1
  445. Most probably "Team Jorge" might help you with that
    1
  446.  @jorgemiguel2641  question: what about foreign company owners, how are they taxed under NHR? Dividends are tax free and salary goes under the income tax?
    1
  447. If it's a territorial taxation country, foreign income should not be taxed... right?
    1
  448.  @GamerX-ql8dg  yeah, it looks like indeed. The PWC page on Bolivia is not opening and even in Spanish it's taking long to find any official info. If Bolívia has a territorial tax system and is part of Mercosul, it could be a hidden gem. Caveat: a wealth tax law was about to be voted last month...no time to check the result.
    1
  449. Is it part of the Crypto Valley?
    1
  450. Excelent choice. I would eventually exchange Russia for Brazil (not so sure). A third country would be in Asia or the Middle East.
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  451.  @krugmeup2162  via an EU passport and some cash in the bank, maybe?
    1
  452. Have you checked MM2H? It used to accept people starting at age 35 or so.
    1
  453.  @Katkattarotandparanormal  just comply with the Red Khmer
    1
  454.  @brandonjoseph3422  only a rant against Spain is missing 🤭
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  455. Very important topic.
    1
  456. A... stalker? LOL just kidding
    1
  457. Psst 🤫! Don't mention such places, I don't want to see them spoiled. Let people go to Dubai...
    1
  458. it might go straight to the Saudi embassy
    1
  459. Unfortunately they are system-relevant. Only a dirty trick will allow them to kill that bank.
    1
  460.  @tupisamba211  it's hard to find that specific info in the internet and a tax advisor would be the way to go. If it's correct, you were considered a tax resident 3 years ago (you needed a tax representative in order to get your NIF). You have to wait at least 2 more years in order to start an eligible tax residence under NHR.
    1
  461.  @tupisamba211  I almost did it last year, it could have become my ruin. Anyway, be sure that you gave an foreign address to the tax authority, otherwise you are still considered a tax resident...
    1
  462.  @cliffoncrypto3082  thanks for the info. Do you know any source on the net, by chance?
    1
  463. Taxation, maybe? Some of the countries mentioned by Andrew have territorial taxation and that could be an important (if not the main) reason to be on the list.
    1
  464. Now that's a fine thread! Are foreigners allowed to buy land in Russia at all?
    1
  465. Amen to that
    1
  466.  @donaldlee8249  couldn't find any clear info about it. Surely possible but probably very burocratic.
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  467.  @miguelgustavobohorquezblan3754  exactly. I posted a link to the Spanish gov site but it was removed.
    1
  468.  @miguelgustavobohorquezblan3754  that's quite possible...
    1
  469. Is it a kind of paper residency? No stay requirements?
    1
  470.  @sayyer10  Cruyff? Oh, right, you are talking about mere mortals now... LOL
    1
  471.  @RomilCPatel  thanks for the tip, I will do some research
    1
  472. Aucatrazlia?
    1
  473. I came to the conclusion that free places are, by definition, not the safest ones. And that's a reason why some people prefer to stay at legacy brand countries.
    1
  474. Correct. Even some European countries would be doable for someone on a budget, but I think it's not the concept on this video.
    1
  475.  @EuropeanMapper  exactly. To be more specific, you still can ask the German government for an approval if you want to get a non-EU citizenship, but then you would need a very convincing reason.
    1
  476. No local income?
    1
  477.  @behappybevegan  [Geert Wilders enters the room]
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  478. Nice. Now we know where to find and meet Andrew 🤭
    1
  479.  @sonic070  I'm not really looking for it right now... what would be the best places for foreigners? Would It be "weird" to live in the countryside? Or better stay in a condo in Ljubljana?
    1
  480.  @trthib  hahaha you are right
    1
  481. Sadly you are right.
    1
  482. There are some recent videos about Brazil, check them out
    1
  483. I would prefer Aqaba in Jordan, for that matter, but maybe it's not the best investment option.
    1
  484.  @patricksweeney5308  great analysis
    1
  485. What? Any sources?
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  486.  @carolinavarela1572  what I understand is that CPLP citizens will be given "priority" to get their visas ASAP, not more than that
    1
  487. Do you have any sources for that CFC issues? That's the only reason missing to start moving myself. My company is not in a tax haven but I don't want to see it considered as having seat in Portugal just because I become resident...
    1
  488.  @jeremyleonbarlow  you are the man! I will take a look at PWC before removing Portugal from my list. What a pity...it would be the "easiest" citizenship to get.
    1
  489.  @rai7002  is that some rule that I don't know? Or do you mean that the savings will end and the person will need a job?
    1
  490.  @torontovoice1  if you mean Facebook, I don't have it LOL but Schwyz and Zug are surely on the list. If you Google for wealth tax by cantons, you will probably find a complete table.
    1
  491. yICKEs!
    1
  492.  @panaceiasuberes6464  best thread in this comment section
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  493.  @nomadcapitalist  why not a vídeo on that?
    1
  494. Cheaper than Brazil?
    1
  495.  @AUniqueHandleName444  I will relocate to Wadi Rum in Jordan and start my training
    1
  496.  @mercedbread9045  how can I put it? It's the opposite of Venezuela, let's say.
    1
  497.  @antoniobrasse7157  wow. BTW what was the impact for ETH? The guy is Canadian I think, but with roots in one of those countries, isn't it?
    1
  498.  @aamrelbelkacemi419  if Morocco won't chase you and Japan won't ask for proof of renounciation, you are ok. If Japan does ask for it... well, I can't help you. If you aren't "tied" to Japan and are open to other good passports, check today's videos on European options.
    1
  499. 8:12 now that's a huge piece of information! But then I have to ask you: how do you cope with your empty homes in Georgia, Montenegro and Colombia? Are those countries on a different enforcement level than the UK, for example?
    1
  500. I had already watched that and it's not exactly related to that. I meant about potencial issues with those countries' tax authorities if you keep empty homes. Are they more relaxed than the UK?
    1
  501. Are you sure you can't pass it down? The rules are quite complex for those born outside of the UK, but I think your son could acquire it by living there with you for 3-5 years, as far as I remember (unless there is some age issue).
    1
  502. I think it's possible to live in the UK for GBP 1k, but that would be a real challenge - and basically impossible unless sharing a home.
    1
  503. So no jus soli anymore? Sweet
    1
  504.  @CoCody_  if you trade privately, you can't escape either Capital Gains or Personal Income tax as an EU resident (unless I missed some special program). To go the corporation way is probably the only solution, if that's possible at all. BTW: if you build a family and they settled in the EU, you will be sucked into the tax system, no matter what you might claim.
    1
  505. You must stop criticizing Australia... Do Scotland instead.
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  506. I'm surprised too...
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  507. I was checking the rules for British citizenship when someone is born outside the UK and they are quite tricky. Basically it's not automatic, unless your parents were born in the UK or were naturalised, and in some cases you need proof of 3+ years residence (both you and your parent) before registering as a citizen.
    1