How Much Does Second Citizenship Cost?

How much does it cost to get a second citizenship? In this video, Andrew discusses all the hidden and legal fees that bring up the total cost of obtaining a second passport, outside of what you might already know.

Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".

Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.

DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

[Soldknight]

I feel lucky to have been brought to Australia when I was young but also born in Northern Ireland. I'm an Irish, British & Australian national now - 3 passports, no stress!

[MegaAli]

You are heaven sent, I know as a navy veteran, married to a South East Asian wife, and small owner that you absolutely correct 👍

[AnnaOnRoads]

Great video Andrew, thank you for sharing. And for reminding us about those fees! I think it applies not just to the citizenship but if one possibly wants to set up a business structure. Fees are the gift that keeps on giving!

[maksim.the.particle]

Sorry for the offtopic but could you make a video about Hainan, Free Trade Zone, and the first Free Trade Port? 
It seems to be a tax-heaven with huge potential. Many of us would really like to hear your opinion.
Thanks!

[davideforesti]

Hello Andrew! I am one of actually many young farmers that are looking to set up a small profitable farm in the tropics. I’m Italian and tried to do it in Thailand where I live but was impossible. Asian countries are really hard, other ones require a big investment that is not a case with small farms. Would love to see a video by you on this theme.

[CivisCaeliBr]

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.

[moribundmurdoch]

Somebody doing the citizen by descent whatnot for my Scottish mother connection would be useful. I'll probably be a Nomad Capitalist customer in the near future.

[bilyonaryongpato]

Andrew and Nomad Capitalist, thank you for inspiring me. Before I honestly really wanted to get US citizenship and a US passport but now I just realized that getting US citizenship and a US passport is quite hard. Instead, I am thinking of getting a passport portfolio of Grenadian, Cypriot and UK citizenship and passports. I am a Filipino/Philippine citizen by the way. May I ask what do you think of my citizenship and passport portfolio, is it good enough or what do you think needs improvement? I would love to hear your thoughts on this.

[thaguy]

don't understand all the other things but anyways the citizenship by by decent Free or like is there a cost. They just give you citizenship? I'm trying to get citizenship in my country I was adopted away 😩 iv search all over the web their nothing. I have family in the country witch is ethiopia do I still have to go searching for something? My birth certificate is even ethiopian

[lgnfve]

could you do a video on Ukraine. permanent and temporary options . Thank You in advance

[Princep]

You look sharp! I got your book by the way.

[SantaBarbaraAlberto]

Should the benefit outweight the cost? If the amount of tax savings do not is less than the cost of getting and maintaining a second citizenship, would one be better off just paying the tax? Especially when the cost is in the six figures.

[LifeofKairo]

The best thing I got because of my father was a European passport 😝

[gabrielqueirozrocha]

It's very expensive, specially if you live in a country such Brazil, and your currency is melting and you need to pay fees in Euro or usd, but worth it.

[bilyonaryongpato]

"If you want to be unique, prepare to be rejected and not be accepted by society"
-A personal quote I made

[elhombre]

Could you explore more about real estate investment residency visa in Colombia? I am looking to purchase an apartment within the next few years here in Bogotá. How long is the process once you make the purchase until you have the visa within your passport?

[victrmeleth]

i can get a mexican citizenship, do you think itll be a good idea to do that?

[lindroenterprise]

Hey Andrew enjoyed the video, would like to know that since we're in this pandemic, are countries accepting citizenship by investment or residency applications during this time?

Thanks

[danielluster]

I'm of British, Irish, and German descent. ;-)

[JUSTTHETRUTHTV]

It's is all about the #MONEY $$$, $$$?
Does any country want "just good people?"