Comments by "Matthew Nirenberg" (@matthewnirenberg) on "Nomad Capitalist" channel.

  1. And if you become a French citizen you can never tax advantage of tax residency in Andorra or Monaco, not even if you renounce French Citizenship. Just something to keep in mind.
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  2. Absolutely spot on. I still can't get over how 90% of people think the place is great. The taxes keep going up and the cost of compliance increases with every new mandatory reporting (employment gender equality, anti-modern-day slavery for you and your entire supply chain, AML/KYC, carbon footprint, etc.) requirement and then stupid courses for every little thing with annual "updates/refreshers" for things that should be a one-off course given you do them on a regular basis.
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  3. Mark my words - any country that thinks they can "appease" the EU or the USA is utterly delusional. The only thing that will truly appease the EU or the USA is the abolition of all CBI. Raising prices has simply now made all of the Caribbean programs (except St Kitts & Nevis) pointless as they are way overpriced for what you get. Other than St Kitts & Nevis, the only remaining program that's worth the money is Vanuatu.
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  4.  @svensulzmann4282  Taxes do absolutely prevent a person from exercising their political opinion freely as it prevents them from leaving. If these changes are treated the same by banks, foreign governments and businesses as simply being a US citizen is, then people won't have any choice but to remain in Australia as they won't be able to have bank accounts, own property, buy property or otherwise do business abroad. Also, note that tax in Australia is determined on your pre-tax income, anything that doesn't seem "up to the standard of Australia" is increased under Australia's "deeming laws" and then you have to pay that tax on top of any tax you pay abroad; DTA's (double taxation agreements) are being abolished entirely under the new Australian tax rules so no more credits for taxes paid abroad. Australia is so broke that no longer lets you set prices. In years gone by, it was perfectly okay to rent a small house to a child, a relative or a friend for a fair, affordable fee that they could afford - as long as the contracts were legal and everything was declared it was fine. Along comes the 2022-2023 tax year (1 July 2022 - to 30 June 2023) and suddenly this practice has been declared illegal as the govt now requires all rents to be charged at the top-market average so now people are literally going homeless because they can't afford $30,000 more per year so the landlord can keep the tax office happy. Now you can't even choose the price you chose to do business at - the government now set the price purely for maximum tax. Note that once homeless these people become dependent on the govt just to survive and thus must agree with and politically align with the govt to survive so bye, bye political freedom. So yeah, taxation does restrict political freedom both within and outside of the country.
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  5.  @krillevon1415  The only way for a person to get citizenship to Monaco is for them to have had PR (easy to get if you can buy property/apartment/open a giant bank account - takes 3yrs due to wait list) for 10-20yrs and to renounce all other citizenships once they've been told they'll become a citizen of Monaco after having applied. Monaco doesn't permit dual/multi nationality. Literally most people in Monaco have PR which is all you need to live forever in Monaco without having to renounce citizenships.
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  6. Andrew forgot to mention that they're also forcing locals who got qualified in skilled professions such as engineering, medicine, science, etc. to leave the country due to both taxing the multi-nationals out of the country, over regulating literally everything and then by introducing professional registration for engineers and scientists with stupid requirements that don't even make sense (unrelated to the jobs) and experience requirements that forever change so locals can't comply. At the same time Australia is making it easier for "skilled migrant" workers to come here and do the work without said stupid requirements.
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  7. The map is wrong. Australia has lost a lot of rich people and approximately 1.8 million people in total have fled since the government tyranny that started in 2020. The majority of businesses are gone, investments are vanishing fast, money is being moved from Australian banks to overseas rapidly. There are NEVER any tax incentives in Australia or New Zealand. Both countries are just tax happy places that'll take every last cent they can pry from you - taxes are about to increase to cover a govt run pre-kinder year of education for 4 year olds (instead of sending them to four year old kinder) and govt run childcare (sorry but parents should have to pay - it was their choice to have kids, why should everyone have to pay for the choices of others). Total cost for the taxpayers - $9 billion by 2023 - where is the money? To be collected via taxes very soon.
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  8.  @svensulzmann4282  If a person has zero reason to keep any ties to Australia then why not? Australian passports are losing access to the world fast (ETIAS is 100% biased against "western countries", most of South America and the Caribbean now require visas for Australian's). Australian passports are seen as jokes around the world (speaking from personal experience here) - banks won't touch you except for New Zealand and Vanuatu, many countries won't let you register a business as an Australian citizen even if you have the correct visa as they don't want the tax and reporting nightmare - the same problem US citizens have. The mere fact you think Australia is one of the strongest economies in the world just shows how out of touch with reality you are as it hasn't been that since the late 1980's. Currently its the world's 13th largest economy and getting smaller each year - anything from 10th place and lower are the top end of small. Also, expect the Australian economy to continue to tank with rapidly increasing inflation, anti-business laws and regulations coming in every few months and with taxes increasing every few months. Most business are either broke, going broke or leaving the country rapidly.
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  9.  @bamahama707  I'm in the process of GTFO'ing from Australia as until the whole place falls apart and everyone is 100% bankrupt, nothing will change - the whole system is too corrupt and inbred (creating more bureaucracy and rules to justify its own existence). Originally I was planning on genuinely moving my entire life abroad, but, if what is said in the video is followed through with then renouncing will be the only option as if Australia insists you can't go to a lower tax country without paying the difference each year or if they insist that you must live x days per year in one country even if you have genuine tax residency in that country, then that would severely restrict business travel, holidays and sailing internationally.
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  10. The citizen of whatever other country you have citizenship to as you can't legally renounce without having another citizenship. There are actually laws to prevent statelessness.
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  11. Sadly it's going to be easy to bring in and they don't need to convince anyone. Please consider the following: * Note how many people just accepted and complied from 2020-2023 because the govt said so * Fear make the 95% fall in line, the threat or use of state sponsored violence [law enforcement, national guard, army, etc.] makes the other 5% fall in line one way or another * Most people don't have 2yrs worth of savings in the bank, nor do they have 2yrs worth of food rotation - this means they're dependent on others to 'get by' as they can't try to "wait it out" * The economy is collapsing thanks to the early stages of hyper inflation and what's likely intentional mismanagement * Whilst people will stick with the current system until it fails, the moment it fails (intentionally or otherwise), they'll begrudgingly flock to CBDC as it'll appear as the better solution * Govt assistance will only be available as CBDC * Food will only be purchasable in CBDC * Wages will only be payable / receivable in CBDC * Taxes and bills will suddenly only be payable in CBDC * It'll become illegal to buy or sell using anything other than CBDC on the legal threat of jail. Look how many ratted out their neighbours, friends and others from 2020-2023, also look back at how people ratted people out to the Stasi. People will comply out of fear * The govt will say - you have no money, the economy failed but we'll give you whatever the last balance you had in the bank, in CBDC. This will cause many to accept CBDC as they technically won't be out of money, they'll just be trapped in CBDC and the tyrannical control it gives the govt over the people Simply put - the powers that be are creating the perfect conditions to have the masses begging for CBDC - part of that is the intentional destruction of the existing economy / system. Remember, the CBDC has to be attractive - the only way to do that is to destroy the current system. I'm 100% against the WEF, CBDC, 15/20 minute cities and this dystopian tyranny - I see leaving the "west" as the only option. Unfortunately, the chance to save cash is gone. Banks are closing branches, removing ATM's, charging stupid amounts to deposit cash as a business, they're stopping people from withdrawing cash, etc. Most banks in Australia are ending cheques in 2024, and the govt bans cheques in 2025 outright, NZ has all but ended cheques already. Cash will be forced out very soon. Other tangibles (bullion, etc.) and having wealth outside the "west" is the only way to survive the end of cash providing you have a place to live outside the "west" without needing a "western" passport (i.e. ensure visas and permits are tied to a passport from a country outside of CANZUK/CUNA).
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  12. All I'll say is that there's basically no jobs, high crime, high taxes, almost entire suburbs in the South Island that are empty (except for a handful of families) all year because the properties are almost all foreign owned, still even with their closed border (except to Australia) policy have some of the hardest restrictions - still requiring mandatory jabs and masks even though they have basically no cases, and then you have to consider that most kiwi's have moved to Australia prior to all this and never gone back to NZ. That should tell you everything you need to know.
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  13. Good, the housing markets in both New Zealand and Australia need to crash so that the prices become what they really should be again. The government encourages foreigners to buy property - the catch is they must be rich. So along comes the auction, locals bid reasonable prices, then comes a representative of the foreigner who instantly bid $300,000 more, the property sells to the foreigner. This happens a few times and a house worth $280,000 in reality suddenly is listed for $1.2 million. No locals can buy a house. If you build more, the problem gets worse as prices skyrocket as more foreigners buy the houses. These houses usually sit empty or get filled with foreign workers as if a business has space for "skilled workers" to board, they can apply for more "skilled worker" visas. Companies always prioritise foreign workers as they know they can exploit them as they don't know their rights. The govt don't care as the things considered skilled work literally include "tractor driver", "animal carer - chickens", "livestock feeder", just to name a few. I personally know plenty of locals in both Australia and New Zealand who've be screwed by this garbage scheme that the governments want. It comes down to one thing - the governments want all the taxes from the foreign money they get from letting foreigners buy up everything and the "skilled workers" take all the jobs, rotating in and out due to the short length of the "skilled worker" visas.
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  14. Congratulations you've 100% hit the nail on the head. This is exactly what Australia, the UK & New Zealand love to do to enforce their will on their citizens and those who try to leave. Their other tactic is to get the tax office to go after you for whatever they think they can, even if there's nothing to go after you for, just the audit can keep you stuck in-country for a year of longer.
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  15. The one thing everyone seems to always mention is "not enough due diligence". I wonder, what else can they do to have more due diligence? All programs require: * Police checks from the countries you've lived in for the last 10yrs (for more than a few months) * Proof of source of funds (AML/KYC - i.e. if its from a bank in a "western country" then its already proven legit, fully taxed and the AML/KYC info is already available due to govt information sharing) * A pointless letter from the bank that says you're a customer (bank references prove nothing if you've never been in overdraft or bankrupt - Australian banks won't issue these unless you've been in overdraft or bankrupt) * Declarations that you're not a criminal They already check law enforcement databases and INTERPOL databases. There's basically nothing else to check. The whole due diligence is basically a process that takes the govt a couple of hours (at the most) to do. All due diligence seems to be is a way for "name brand" countries to bully smaller countries and to justify stalling the whole process for a few months as from the govt side of things isn't anything beyond what I've just mentioned.
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  16. Or as Robert Kiyosaki says, have a fast boat, a bag and tangibles (gold, silver, etc.) ready so you can get to safety within 3 days, even if you have to flee the country. If things get really bad, the only way to leave will be to flee unless you get a heads up and leave early. At the end of the day, boats and planes are the only option and the rich will always be able to travel (if they're rich enough). Whilst planes aren't affordable for most, bluewater capable boats are, take a first step and start working on getting your boat licence, learn how to sail and work up to 40-60ft boats.
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  17. Regarding Australiastan - stay well away, its NOT worth the trouble. Once you're there you ain't leaving. Why? They will throw everything at you to stop you leaving. Here's how: 1. Their primary weapon is Jury Duty. They have 2 levels of it and thus can throw it at you each year (alternating between the two levels). To make it even worse, they'll send he 'Notice of Selection' in the November the year just before the period they're calling you for. This effectively ensures that you can't leave near the end of the year and the jury duty period is always set so that you're either only free at peak tourism times overseas (i.e. can't book as you require an 'activated'/non-frozen passport to do so - being selected for jury duty freezes your passport so you can't book), or you're only free during an election (basically an annual event due to the levels of govt, councils and by-elections) and thus can't leave. 2. Their secondary weapon is elections. There are elections for every level of govt, councils and by-elections for all of that. The period before an election (2+ months), till 2 months after an election, the electoral rolls are frozen - this means you can't change your details or be removed because you've moved abroad. This forces you to stay to vote - being overseas isn't a reason to not vote and the fines are very large and repeat offenders now face jail time - thus the only answer to to be removed from the electoral roll by moving abroad when the electoral roll isn't frozen so you can be removed. 3. The tax system is becoming rapidly more impossible to escape from. They can declare you tax resident if its now in the 'public interest' simply because they believe 'you're of value, or are aligned with Australia' 4. They can stop the travel exemption at any time they like resulting in the closure of the National Border. During the '2020 thing' they closed the border, not under emergency powers which would end with the emergency, but with a law. That law remains in force and the only reason travel is currently permitted is because there is a broad exemption from the ban to permit travel. That can change at the discretion of the minister. This also allows the minister to without needing to give a reason, the ability to ban individuals from the country. I've been trying to leave the damn place since 2020, and have been stopped by the regime every time - they really want to stop me from leaving. The travel ban made it impossible during the whole '2020 thing', then its been elections, Jury Duty, licence related reporting issues (can only be dealt with whilst in-country), elections, and now Jury Duty again - and elections immediately after Jury Duty. Oh and then there's the whole - can't get the visa needed due to the required passport having too little duration for a 5yr visa (passport only has 5yrs left on it) - can only renew when passport is down to 2yrs left. The earliest I'll have any hope of leaving is 2030 at this rate, and that's assuming they don't keep throwing the same Jury Duty rubbish at me.
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  18.  @thisispetria  Unless you've been living under a rock, you do know that the USD is the world reserve currency and its going down negatively affects all global markets that aren't part of BRICS(+). So yeah, it matters!
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  19. The following is intended as making a point, not offending anyone: When Andrew was discussing Malta CBI, the guest speaker perfectly demonstrated the EU 'elitism' as he effectively dismissed Malta's due diligence. He effectively said that Malta's program lets in unwanted, undesirable people. He later then goes on about how Estonian eResidency does strong due diligence and is good. As far as I can see, the only difference is that the Estonian eResidency attracts tax revenue but NEVER leads to residency or citizenship (as its designed that way), whilst Malta does the same due diligence and only permits the very wealthy to have a chance to become Maltese, the same very rich people who have too much to lose by breaking laws. My point is - if having a perfectly clean record and paying taxes to Estonia is okay, what's wrong with having a perfectly clean record, donating a heap of money to Malta and becoming Maltese? Hypocritical much...
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  20.  @mjor6406  What is wrong is that citizenship based taxation is nothing but legalised theft. No one has any issue with being taxed in a country they are working in, however if they've fully moved abroad, they aren't benefiting from the country they left so why should that country be getting any money from them? Note that this taxation is on top of any taxation they are paying where they work and live. The fact you can't understand why citizenship based taxation is wrong makes me wonder why you even watch this channel. Now focusing on the initial point, using techniques mentioned above to stop people from leaving is wrong because why should any country have the right to stop people from leaving?
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  21.  @AngryVet44  Dude, go rent a place to someone for less that the average market price, then see what the ATO say when they go through your taxes. They'll declare that the price your charging as rent is too low, they'll apply a deemed value and make you pay the difference. This is literally what happened to a colleague of mine literally last week. She legitimately rents a house to her daughter but because she only charges $300 per week, the ATO considered this to be under-valuing the rental and thus applied their deeming laws and now she has a tax bill of $30,000 based purely on the difference between the rent rate the ATO say she should be charging and what she charged. Also note that the question you're referring to is from August 2022 as you state, what I'm talking about is a May 2023 change that applies to the whole tax year retrospectively.
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  22.  @mkuc6951  It absolutely was. Its always saddened me to watch the decline since then as everything started going to shit. Like you I've heard a lot from the old timers and its unfortunately strengthened my desire to leave which is why I'm getting out as soon as possible (currently legally stuck till the end of the year with JD) - was originally set to leave in March 2020 but we know why that didn't happen.
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  23. Sadly, I think you're right.
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  24. Oh and the worst part is: Unrealized Gains Tax AND The fact that everything is 'valued' under the 'deeming laws' that let the govt pick the highest possible value (if 100% developed or perfected/marketed as they would) I honestly don't see the point in people staying in Australia if they want to succeed and be all they can be.
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  25.  @peterbates282  Its not politics of envy. Australia has the same problem - the average house is about 2 million in most places that aren't extremely rural (4+hrs out of any town). Extremely rich (multi-millionaries) overseas are advertised property in AU & NZ as investments by agents, they pay insane amounts which price all locals out of property. The last auction in my street was ended with a bid that was double the highest bid resulting in the property selling for 1.6 million. Its now units and they've all been sold off for a small fortune each. What you and many lefty politicians fail to understand is that building more only makes the problem worse. Overpaying has pushed prices to insane levels that only foreign money can afford. If you build more, those new developments increase the value of the area the development is in, as well as the surrounding area. Due to laws that stop "under valuing", prices can only go up. These properties are unaffordable for locals so foreign investors buy them. The prices can only go up whilst the farmland gets built on and the public land vanishes due to eternal sprawl of cities. The only way to force prices back down is for the govt to seize all foreign owned property, ban construction and only let citizens buy property. This would lower prices as it would crash the entire market and would thus let prices drop. Currently its all a giant Ponzi scheme (housing and construction) that needs to collapse immediately. They whinge on about climate yet build over prime farmland and forests whilst locking up the remaining public land because they don't want people camping, hiking, hunting or fishing.
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  26. First - they have to if they want to renounce US citizenship (i.e. what many of Nomad Capitalists customers want to do). Second - because if the USA leaves NATO then the next point (third point) becomes super relevant. Third - Business, because NOT everyone is an American citizen, Nomad Capitalist has clients from many countries, not just the USA. Something that the 99% NEVER realize because they simply work for others, is that many things, even software, technical books, equipment, your phone, tablet and laptop, can all be illegal to take to certain countries, not because of those countries laws, but because of ITAR. Only ITAR Tier 1 and Tier 2 Preferred nations have minimal restrictions amongst themselves, for other countries, sometimes there are extra exemptions or easier permits to get, if applied for by someone from and in a NATO country.
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  27. Most empires are gone after 125yrs max.
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  28. An exit tax of 99% of your estate/wealth is exactly what the Nazis did to Jews, Poles, Gypsies, etc. who were able to leave. The Soviets had a 100% exit tax excluding only one suitcase of only clothes and photos.
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  29. Legitimate question: Why is visa-free to the EU so important? Why is it the factor that makes a passport useless or not? Thanks to the Schengen Zone the bulk of the EU is treated as the one area for the 90 day time limit in a 180 day period. The only valuable thing is a residence permit or citizenship to an EU country. I don't understand how not having visa-free to the EU makes a passport worthless. Sure other factors might but not having visa-free to the EU? If you're visa-free to the EU you require an ETIAS which requires the same information as a Schengen Visa (except for an invitation letter - easy to get) but it restricts where you enter and exit the EU unlike a Schengen Visa. You CAN'T work or do any business / banking / investment / purchase/rent apartments or property, on an ETIAS as its only for tourism. I think that the Caribbean will either lose all visa-free to the EU or they'll end their CBI programs to keep visa-free to the EU. Would that make those passports worthless? Absolutely not! Why I think they'll give up visa-free to the EU is because they want the CBI money more than the tourism access to the EU. To someone such as myself I don't care if I can be a tourist to the EU or not - its not hard to get a Schengen Visa (same information as an ETIAS but you get a visa put in your passport and don't have entry and exit locations specified), I care about being able to lower/eliminate my taxes by being able to legally become a citizen of a zero tax country and legally move there.
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  30. Having to go to the country to collect the documents in person is hugely problematic as unless they issue a "temporary/emergency passport (single use)" to enter the country then you'd be entering the country illegally as if you're a citizen of a country you must enter and exit it on their passport. Breaking the law by entering on a foreign passport immediately terminates CBI as its a "critical breech" of the CBI contract.
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  31. The problem is that this new definition could be interpreted by the authorities as "if you don't live full time indefinitely in one place, you'll pay us tax". The problem isn't the short term, the problem is that it stops you ever traveling or living a trifecta lifestyle even several years down the road once your life is 100% abroad. The reason its a problem is that the definition is whatever the ATO says it is and thus they can change it as they like. Basically they're so desperate for money, they're making it extremely difficult to live should you leave - this is instead of outright banning people from leaving. The only long-term option once you're 100% certain of never going to Australia will likely be to renounce.
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  32. @roysnabilie8345 Sadly your experiences aren't a surprise. Anyone who grabs a history book and looks at 1945-1946 will notice that a heap (various sources give different numbers but easily up to 1 million) of super bad guys (can't use the actual term due to YouTube censorship) fled to South America (Argentina, Uruguay, Paraguay, Colombia, Brazil, Mexico, Peru, Guatemala, Ecuador & Bolivia).
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  33. Airports asking about you carrying crypto - none of their business! Why? Because whilst I always prefer to stay on the right side of the law, there are times that it's not worth it to do so as complying puts you at greater risk. Consider the following: * You say you have you hardware wallet with you. They demand to look through it and demand you codes/passwords from you. How do you prove its all legally acquired on the spot? You can't - just like you can't immediately prove that the money in your bank account is all 100% legally acquired on the spot. So they seize it all and it gets transferred to another wallet and isn't seen again. * The same goes for passwords to accounts - never reveal your passwords to your accounts. There is nothing stopping them from doing malicious things in your name, removing the evidence and then arresting you over a 'complaint' or 'tip-off'. If they want access, make them have court orders so they can access via the admin side of things as that ensures accountability. If you hand over pins/passwords there is zero accountability. A crypto wallet shouldn't be any of their business - its nothing more than having a bank account or credit card. When crossing borders they don't inquire "do you have a bank account?" and then want to look through the account for "tax" reasons. Why is crypto any different? If they're trying to argue its money then why do they consider it a type of asset but not money for tax purposes? It can't be both! Only money and bullion are limited/require reporting to cross borders - general assets don't (except for import duty)! Only when everyone refuses to comply with such demands will they drop this BS about hardware wallets. I guess you could reset your hardware wallet and recover it once inside the country....
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  34. Be aware that the Reserve Bank Act in Australia allows the Reserve Bank to forcibly acquire any precious metal (including jewellery - even wedding rings) if its in the national interest and there's no legal recourse. If you must have any gold, silver, etc. in Australia, make sure that you can take physical possession (at least you could hide it to avoid having it forcibly taken from you by the Reserve Bank if they activated their power to do so) - keep it in a real safe (Lokaway in Australia is a great choice of safe manufacturer - they primarily produce firearm safes but can be configured for documents / bullion - keep in mind that these safes are large and weigh 500kg+). Avoid both Australia & New Zealand (sorry everyone...). The point I made just above about the Reserve Bank Act applies in both countries as NZ basically does what Australia does and they have near identical Reserve Bank Acts. If you don't physically possess it, you don't own it!
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  35. Didn't that require taking the poison? Pretty sure that's why most were stuck there.
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  36.  @svensulzmann4282  Its the 13th largest which means its the biggest of the smallest. The 10th largest is 2.5x larger than Australia. As for infrastructure, you mean the unmaintained crap that's failing rapidly because even though the maintenance costs on bills go through the roof, the companies would rather pocket the money than actually repair anything. The water, gas, elec grid companies just announced mega profits (their largest ever), yet there's SFA done to maintain or improve the "grid". This is whilst the poor and the elderly are being told to "not use heaters and to get blankets and jackets" if they can't afford heating. Stop talking utter BS about Australia, especially since you don't live there and are about 30yrs behind on reality.
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  37. The real question is why would anyone from NZ want to become an Australian citizen. Legally they have zero need to and have full rights thanks to the Trans-Tasman Agreement. This seems like a faster way for the govt to catch them in the AU tax net. The newer AU tax rules coming in soon will change the "are you tax resident" from the current 5 tests down to 3 (one of which is are you a citizen).
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  38. A Polish citizen can live anywhere within the Schengen Zone without any restrictions and the EU. However, once you're in the one country for 3 months, you must register your presence/residence. The time limits only apply to tourists. FYI, Poland has an exit tax so don't get into their tax system if you can help it.
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  39. Just be careful that wherever you live doesn't tax capital gains that are unrealized. Many "name-brand" countries do this - its always the ones that have "deeming laws" that love taxing "unrealized" gains. They do this by deeming the value of the asset to be higher than it actually is (i.e. they're looking at and deeming it to be what it could be worth) and then demanding people pay tax on the unrealized gains. Australia loves doing this.
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  40. Avoid becoming a citizen of Argentina at all costs - once a citizen its 100% impossible (and illegal under their laws) to renounce EVER! Any citizenship you acquire by choice needs to be ones that you can renounce should you feel the need to in the future. Argentina have been considering citizenship based taxation in recent years and if their socialist policies (huge welfare programs) keep enlarging and/or require more money, they'll likely introduce citizenship based taxation. Also be aware that most countries outside CANZUK & CUNA have mandatory military service - whilst they might exempt you from it, any current or future children you have will be legally required to fulfill it unless they can get an exemption (many countries don't give exemptions just because you live abroad). Most countries in Africa & Asia are borderline impossible to become a citizen of as even if the govt wanted to grant you citizenship, most of these countries prohibit dual/multiple citizenships. The best you'll get is permanent residency but still be aware that permanent residency may have military service requirements for any current or future children you have.
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  41. That's why you have multiple citizenships. When one becomes untenable you renounce it. If the country won't let you renounce or if you're scared that going to their embassy or consulate will result in you being arrested and deported/repartiated, then remain where you are (should be a country you're a citizen of) and let the fact that you're in a country of citizenship be what helps prevent you from being extradited. When you're in any country that you're a citizen of, you are considered as being only their citizen and can only use their documents to identify yourself - this means that you're a lot less likely to be forcibly taken to another country that you're a citizen of; it also means that if the country you're in bans you from leaving - you're stuffed as no other country can help you. Its all about determining the risk thresholds that you're concerned about and making well informed decisions based on as much information as you can obtain and consider.
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  42. Biggest issue with the Philippines is that the only affordable options are for retired people. If you're young, working and not rich you're out of luck.
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  43.  @Xenthoid  But that means renouncing every other citizenship you have (i.e. zero options if you do so) as they don't permit dual/multi citizenship. Monaco is another country that doesn't permit dual/multi citizenship. Yet another reason most people don't want to move to Andorra.
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  44. Just a friendly FYI - according to the Department of Home Affairs, they aren't required to accept you wanting to renounce so they can simply refuse and you're screwed.
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  45. Unfortunately it won't help you. Citizenship can be by naturalization or by descent and there are strict criteria that need to be met. There aren't any citizenships based on DNA tests.
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  46.  @user-im6fy4qp6m  There's no need to be offensive or anti-Semitic in these comments sections. To put it bluntly, only morons fail to understand that the world is like a farm where each country is just a field in the one farm. What Nomad Capitalist is talking about (i.e. flag theory) isn't parasitic, its purely capitalistic. He's not taking anything, he's investing and moving his life to other fields where he's treated best. Its like when the food runs out in one field, the animals are moved to the next, the only difference is that with flag theory you are able to choose which field you move to. As for your comment about nationalist allegiance - countries have to earn that. If a country treats you like shit, you're never going to care about them. In the situation Nomad Capitalist is talking about (flag theory) the countries are treating him well and thus he invests and lives there, and likely employs staff to maintain his residences.
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  47.  @easterncoastacd1883  No, what he's talking about are the new tax residency rules that are coming in 1 July 2023 (the start of the new tax year). What you're talking about has been law since 2020 (global minimum for all companies - not just corporations). The new rules are a citizenship based tax in all but name as what Australia considers to be "residing in your country of tax residency for a significant enough part of the year each year" can change whenever the wind changes direction, its arbitrary and targets Australian citizens who live abroad permanently. I'm curious to hear how many years they'll actually monitor you for about this but until they announce a time limit then we must assume this is permanent so gone are long holidays, flag theory / trifecta model, gone is all but the most essential business travel, unless you want to pay the ATO simply for being an Australian citizen.
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  48. @animal9370 LOL that's a good joke. As long as those people are abroad and earning well (or earned well) and have naturalized where they live, their medical and care expenses will be significantly lower than they would be in the US, not to mention the level of care will be much better abroad. Please put down the kool-aid and look at the costs. Even full-fee paying in Europe or Malaysia is a fraction the cost when compared to the USA be it medical or high-level (luxury) aged care.
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  49. The main reason people leave is because they have no choice if they want to succeed. Take Australia for example - the bulk of the population are on welfare and love increasing taxes of those who earn because it means more money for those on welfare. Its effectively vote buying as the welfare payments always increase a few months before elections. Then considering these people are receiving without providing anything, they feel its ok to take even more and they support any politician and party who will take more and give more to them. There literally is no way to change anything as its rapidly spiraling downwards with no end in sight. Also, with the two-party-preferred, preferential voting system and the bulk of minor parties being off-shoots of the Labor party, its literally not possible to vote anyone else in (other than one of the big two - Labor or Liberal) and since both major parties have become the same politically (in order to get elected) there isn't really any choice. You vote so your name gets marked off and you don't receive a fine, not because it changes anything. Thus the only option is to leave and hope it all comes crashing down one day when all the money runs out and they have no choice but to reduce taxes and to reduce over regulation to the point that business and success become possible once again. At this point in time, Australia is great for a holiday but not to live or work in and not to run a business in.
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  50. Good luck - you really need to have other citizenships already and to have already renounced or be starting the process. If they implement this taxation, they likely won't let anyone renounce. Remember, renouncing is ALWAYS at the discretion of the country concerned - i.e. its up to them to let you. More disturbingly countries can declare ANYONE to be a citizen without the consent of the person affected.
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