Why You Should have Multiple Citizenships (Second Passports)

Here is a Full Guide on How to Get a Second Citizenship:

It's better to take action years too early than one day too late!

Over the years, we have discussed why second citizenship is so essential for everyone who wants to be protected from all the regulations and restrictions that might affect your economic and personal freedom. But wait, Andrew hasn't told you all the reasons why dual citizenship is so important to him. Watch this video explaining all the benefits you can get and why you need to hurry up because your options can disappear soon.

00:00 Start
00:52 Business Diversification Strategy
02:42 Living in Colombia
04:24 Russia-Ukraine conflict
05:28 Caribbean Citizenship
05:41 Living Abroad in Southeast Asia
06:51 Canadian Citizenship
07:27 Turkish Citizenship
08:00 Living in the USA
09:38 Advantages of Dual Citizenship
10:36 Sanctions on Russia and Belarus
11:24 Citizenship of the United States

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.

[lala-wggc]

Andrew I stand in awe of your “heart-to-heart” videos! Your Ukraine video, this video, etc. I absolutely love it! As always your approach to design is impeccable! Period!

[ronnieangeles]

Your identity is not where you are from, is who you decide to be morally, ethically, and spiritually.

[IAmKatrinaRoth]

Andrew! I so appreciate you and THIS video was very necessary. Everything you shared on a personal level resonates right into the depths of my soul! I find myself engaging in conversations more frequently with family, friends and even people in passing and many are intrigued as to why I'm choosing to uproot from the U.S. What I'm finding is that as soon as I share my reasons, much similar to yours, almost every single response if that they have a strong desire to do the exact same thing, but they simply don't have the courage to do it, either out of fear or they don't know where to begin. I've find myself recommending your videos quite often and encouraging them to at least get a passport and plan a trip outside the U.S. I think they owe it to themselves to see the world from a new lens, a different perspective than the media narrative and they'll grow as a person. You're right about creating options, especially in the uncertain times we're living in. I'm currently on my journey with my two kids. Our passport appointment is just 12 days away and we're thrilled! Your channel has been so instrumental and incredibly valuable. I can't thank you enough! I pray for the opportunity to work with your firm in the very near future. God bless 🙏🏾 Shalom.

[abdulsharif]

I want a Multiple Citizenship Portfolio. (Definitely more than just dual citizenship)

[SabineWald_NowHere]

"People use it against you". So true. People want to ID you and put a label on you. It is very uncomfortable for the one asking the question and one responding. Maybe they should ask themselves instead, 'What am I?' Once they find out, that ego trip will stop instantly. Great talk. Thank you.

[thefad]

I was placed with a Military/Mafia/CIA family in Hollywood as a small child.
Because I saw the reality of what was running the States, I never felt at home there, never belonged there.
I fled the states in 2007 - I saw what was coming and no one cared.
Still do not have the cash for multiple passports, but I am trying really hard.

[Dis_is_fine]

One of the things I love about Andrew is how he goes out of his way to do everything legally. You know he could have gotten away with keeping his US passport while doing things under the table, but he didn’t want that

[eileenbrid]

I can relate to this video; as a first generation American, it is a point of pride, obtaining foreign passport. It is a wonderful thing, obtaining multiple citizenship or passports. Thank you for this.

[jeremyleonbarlow]

The one big benefit Turkey offers with it's passport is their excellent consular protection as compared with many countries. If your Turkish passport was lost in just about any country that Turkey gives you visa free, visa on arrival, of e-visa access to, it is a safe bet you could walk into a Turkish consulate and obtain assistance getting a replacement passport.

The Caricom countries that offer CBI are personally lacking in terms of consular protection, but as member states of the British Commonwealth, the UKs extensive consular protection network offers similar benefits to the Turkish embassies and consulates around the world. Interestingly enough, the UK Commonwealth's extensive network of embassies is often useful for Canadians, Australians, and New Zealand because while the CNA countries of CUNA like the US are quite selective about who they allow to visit or reside in their territories, their embassy networks are no where near as extensive as the US or the leading European powers of the UK, France, or Germany. While it is unlikely anyone would obtain citizenship by naturalization in Singapore or Malaysia, it is good to know that the extensive network or diplomatic missions those nations which do not allow dual citizenship are backstopped by the UK's nearly universal network of diplomatic missions as member states of the British Commonwealth. Like the US, the UK's network of consulates has a few minor gaps in countries that are not likely to be high on anyone's list of places to visit, but there are some gaps, but Turkey has an embassy in most of those countries.

A lot of Latin American countries where you may obtain citizenship through naturalization fairly quickly have good consular protection, but not as extensive as Turkey or the British Commonwealth provides, nor as good as the US consular protection coverage generally although the US leaves something to be desired in a few places you might suspect, but they are countries where travel on an American passport would likely be a poor decision.

Citizenship in an EU country typically provides not only an excellent travel document, but also consular protection not only from your country of citizenship, but also every other EU country in the event your home country does not have a consulate in a particular country. This means that France or Germany will likely be able to provide assistance if your home country cannot.

I believe the consular protection considerations are something people should consider when obtaining a second citizenship, but also, something to consider when planning to obtain a portfolio of passports.

[robertmartin]

You might want to run a series for people who don't have the resources of your Wealthy already audience.

For regular folk that want better advice than banks and their pets Fund Mgrs offer.

You'd find a hell of alot more people wanting better outcomes. Just an observation. Thanks just the same

[DiegoCore]

Uruguay citizenship is great one to have guys . Great tax benefits and countries access.

[laurayale]

Thanks for being so open. I feel much the same as you. I loved the US I was born in. It is no longer the Constitutional country I loved.

[technicalamanullah]

I was born in India, my grandparents came here from Turkey as pow of the first world war. I love Turkey and I don't fit in Indian culture. Growing up I tried everything I could to convince people that I love India but it never worked for them I am an outsider and they'll always see me as an outsider. That's the reason I am looking forward for Turkish citizenship. Your videos are amazing and extremely beneficial, keep up the work 👍🏼

[Prankles]

I think the question should be is not why, but why not?

[mohamedantar]

The idea of having one passport and living in different countries is very popular in Africa. Checkout ECOWAS and COMESA too

[sparkypvp]

I was born in America and why would I want to leave. although a country in Europe seems nice, but the grass is greener on the other side right. The option is nice 👍

[muslimcosmetics]

I subscribed to you because my dream was to have another citizenship, and now I end up with the Goal to become MULTI national citizen

[soulbasedliving]

I love Japan. I would like to be a resident there one day. No matter how difficult. My love for the culture will make it worth it

[boothwodensen]

Just amazing, an amazing video. I am speechless. This touched my heart. Thank you.

[Heyemeyohsts]

While flights are very affordable now, the hotels and Airbnb’s cost a fortune if you want to stay somewhere for a while