This African Passport is Overlooked

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In this video, we discuss the misconceptions about second passports and highlight the importance of evaluating passports based on their travel benefits and investment opportunities, rather than solely on the living conditions of the country. Understanding the true value of a second passport requires a nuanced approach, considering how it fits into your overall financial and lifestyle strategy.

00:00 Start
00:20 Overview of Egypt's Citizenship by Investment Program
01:26 Misconception Explained
04:20 Evaluating Egypt's Citizenship
06:59 Living is Not Equal to a Citizenship
08:56 Where Countries' Reputation Matters
10:19 How We Can Help
11:58 The Value Equation

Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.

We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.

No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.

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.

[yoginelson]

Andrew you produce the best YouTube content! I live on the beach beach beach now in Puerto Rico! Ha ha 😂. In the process of getting Panama retirement visa. But I want to get a second passport. My concern is whether I can keep my pensions if I give up my USA citizenship. Hope to talk to your staff soon.

[InTeCredo]

Ammar (Egyptian team member from _Seeking Discomfort_ and _Yes Theory, _ both YouTube channels) paid $100, 000 to obtain the St. Kitts & Nevis passport. He couldn't believe how long it took him to clear the immigrations and customs in France with his new passport: less than five minutes (as compared to clearing with his Egyptian passport).

[ams]

I am Egyptian and I would recommend avoiding Egypt like the plague. We recently bought a Saint Lucian passport life is way better I wouldn’t mind renouncing my Egyptian citizenship in the future as well the country is terrible, people are rude and arrogant.

[waywardgeologist]

Still waiting for my Antarctic passport to come in the mail.

[arandomhandsomeman]

I live in egypt. I wouldn't recommend here because of lack of government stability. There are coups im egypt like every 10 years. And also the president, sisi, is extremely disliked here due to corruption. And also egypt is not a service friendly country. The administration of the government is very bad

[tommy]

Greetings from Waterfront Muscat, Oman, enjoying meal with view of the Gulf of Oman. Another great episode Andrew.

I absolutely love your line:
“Maybe people who judge you for having this option shouldn’t be in your life.”

I spent quite some time in the gulf region every year, and I also hear some concerns from friends. It typically falls into a few common concerns they have. Now I can even guess what they are gonna say.

I personally think the main reason why so many poopoo on any passport from the Islamic world is that they have received too much propaganda, and people can only see the world they perceive. And most people’s worlds are very small, they can only perceive what’s near them. In my experience meeting with business nomads around the world, I rarely hear these concerns from wealthier frequent travelers, these unjustified concerns and prejudice typically come from someone who at most travel once or twice abroad a year, and every time they travel, they travel to France or Italy, basically to a destination they can somehow relate to.

Egypt & Turkey both offer CBI, and work for some people, especially with Turkey when it was only 200K property purchase with some fees, and it didn’t have to be government designated property, it was basically a free extra passport, that I’ve personally known businesspeople who are interested in the growth opportunities in the region getting it, but every time it’s mentioned we always hear words like “No one wants a Turkish/Egyptian passport!!” Because:

“It’s bad for visa free travel”
- Turkish Passport travels the entirety of Latin America visa free, not sure anyone can call that bad. Plus it shouldn’t be your only primary passport.

“No one wants to live there”
- There are plenty decent high quality places to live in in the Middle East. No explanation is needed for people who would even say this.

- And a classic one is many insinuate the lack of economic opportunities in the region, this is an easy one, I guess people who struggle with earning money probably shouldn’t be concerned with CBI nor question Nomad Capitalist. CBI is for people already with money, not for people who want to get a job overseas and move for the job. There’s no lack of economic opportunities in the Middle East, there’s only a fixed employee mindset in some people, and they refuse to grow, they think if the average Turkish or Egyptian citizens are on average not earning high wages then there’s no point to get citizenship from these countries. Well, my answer to them always is if you are stuck in that employee mindset and believe earning a wage is the only way you can ever make a living, then stay in San Jose or San Francisco and continue to live paycheck to paycheck then. Plus it would typically be financially irresponsible to earn wage, save it, then put it in a CBI program. CBI cost is justified through potential tax savings, new business opportunities, more economic freedom, I don’t know a single soul who got a CBI by saving penny to penny.

- Add one more thing, having a citizenship doesn’t mean we must live there. I also knew an Egyptian girl in Belgrade back in 2021, she left Egypt for good. But everyone’s situation is different. For some it could make sense. I also got to know a Chinese businesswoman who has been running clothing business in Oman and UAE for over a decade and continue to run the successful businesses.

- Egyptian Passport is bad for travel but people who do decide to get the CBI also have other passports for traveling. It’s an interesting passport as a 3rd or 4th or even a further option. If getting it could bring out business opportunities in the region, it might make sense.

Recently I’m in Oman and I absolutely love the weather and ocean view. Although I’m not a tropics lover, I’d say the less busy beaches with almost no crowds, plus the acceptable temperature, make it quite desirable and comfortable to stay for a few weeks.

Fortunately people who questioned you never travel to these under the radar places, so we can enjoy quiet lives from time to time.

[De_Séchelles]

Even Egyptian dont want to be Egyptian 😂

[AD-brsx]

I think I'm going to invest in a sport jacket that can hold multiple passports on the inside panels

[brucea]

10:40
No, BEACH, BEACH, BEACH!! 😂😂

[RaphaEnohata]

You forgot to mention Brazil, which may be one of the worst tax hells. The economy minister, Fernando Haddad, is known as “Taxad” due to his hunger for taxes.

[anasaldaawi]

Egypt is one of the best countries you could live in whatever your situation is. Also people there are the most welcoming and warm hearted on earth. Plus, there are a lot of opportunities to invest and take an advantage of if you have money.

[cmeds]

I would interested in hearing what that Malaysian bank had to say about being a Caribbean citizenship?

[lifeofenergia]

Can you discuss good quality capitalist countries on each continent? Thank you

[Xcoria]

I'm chuckling here Andrew, you're so direct 😂 I absolutely love it! 👍

[ilovetravelyeah]

I love that you're philanthropic.

[newsforconservatives]

I'm wondering which golf country clubs (in SA, Asia, Eastern Europe), are open to accepting foreign memberships? For some, considering relocating to another country, this would have to be a prerequisite.

[AngelsofValueExchange]

Hi Andrew, do you know if there is any immigration benefits to be updated in South America? I only read that in Argentina they have recently voted for the RIGI program which gives benefits for large investments in primary production.

[TheLotan]

I want to see everything the world has to offer but i won't ever settle in Africa or the Middle East.

[MylifeS]

Have no interest in Egypt.My ?is this."As a very ill stage 4 adenocarcinoma patient, sick to the core of the corruption in the US, is it hard to get a medical travel visa and passport?How is this accomplished?🙏ty.id like to establish citizenship in this country

[criticalbrisket]

Egypt has only just fully floated the EGP, which, on the day of the float, went from 31 EGP to the dollar to 49 EGP. There is likely more volatility in future. The country is still run by the Army, has significant domestic economic issues, and currently has rolling blackouts. This isn't forever, and you hope for better, but the reputation of the country and its passport isn't great, and it doesn't get the welcoming attitude and similar to others in the Indian subcontinent. Not for everyone.