Comments by "Matthew Nirenberg" (@matthewnirenberg) on "I Saved This Family $250,000 on Second Citizenship" video.

  1. I doubt it, especially as they're increasing their due diligence process. For what you get, its a great deal if you don't do business in Europe (otherwise they withhold taxes because Vanuatu is a tax haven) and/or if you want to actually live there because you work or do business in Oceania/Asia. Vanuatu is also great as the National Bank of Vanuatu and ANZ Bank (Australia & New Zealand Bank) are available in Vanuatu so ANZ will give you more options for banking and credit cards that will work in most places than you'll find in other parts of the world. One thing that I personally think many people put too much emphasis on is visa-free access to Europe. ETIAS is mandatory from this year for non-EU citizens and has many restrictions such as point of entry and point of exit must be the same and isn't that much harder to get than a Schengen Visa (for tourism). Just because a passport has visa-free access to the EU doesn't really benefit you much as you're limited to 90 days (3 months) in a 180 day (6 month) period subject to you being a tourist (absolutely no work of any type permitted) and then you must leave. Sure all you have to do is get an ETIAS (if your passport is visa-free to the EU) or a Schengen visa (if you don't have visa-free to the EU) but you're very limited to what you can and can't do. You can't legally rent or buy apartments or property, you can't do any form of "investing or investments", nor can you legally bank in the EU unless you're a citizen of an EU country or unless you enter the EU on a Business visa as banking is considered to be "investing or investments" and work! So I ask, what's so important about having visa-free access to Europe? Personally I think its become a big nothing since the ETIAS was introduced (it's a visa in all but name and the fact it doesn't get stuck into your passport, you print and carry it - its an EU equivalent of a US ESTA). Antigua & Barbuda have started considering whether or not to end their CBI program to keep their visa-free access to Europe as they see it as critical, even though its not. Losing EU access in my opinion would be a good thing as its one less excuse for the EU to use to demand that these CBI countries introduce high tax rates (50%+ like in Europe, Australia and New Zealand). If Antigua & Barbuda end their CBI program, given they are in CARICOM its highly likely that the rest of the Caribbean programs will end so I guess for those of us unable to currently afford CBI to Antigua & Barbuda we'll have to look to Vanuatu & other parts of the world or other ways of legally paying zero personal income tax. Unfortunately almost all of the Caribbean don't have any visas to go to start a business or invest and then work towards citizenship, its CBI or nothing which sucks!
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