Five Citizenships to AVOID Like the Plague

  Рет қаралды 908,984

Nomad Capitalist

Nomad Capitalist

Күн бұрын

Join us at Nomad Capitalist Live for four days of knowledge and networking open to all: nomadcapitalist.com/live/
Become a Client: nomadcapitalist.com/apply/
Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: nomadcapitalist.com/email
Join us as we uncover the potential pitfalls and disadvantages associated with these passports, providing valuable insights to help you make informed decisions about your global citizenship options.
00:00 Start
0:47 Country Prohibits Renouncing Citizenship
3:33 Citizenship-Based Taxation
5:25 Mandatory Military Service
7:21 Sanctions and Reputation
9:24 Impact On Job and Security Clearance
Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best."
Become Our Client: nomadcapitalist.com/apply/
Join Our Live Event: nomadcapitalist.com/live/
Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home.
Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far.
If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors.
Become Our Client: nomadcapitalist.com/apply/
Our Website: www.nomadcapitalist.com/
About Our Company: nomadcapitalist.com/about/
Buy Mr. Henderson’s Book: nomadcapitalist.com/book/
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.

Пікірлер: 1 800
@xyyx1091
@xyyx1091 Жыл бұрын
Renouncing a country citizenship should be included in the human rights bill.
@chenteprimo
@chenteprimo Жыл бұрын
It is a human right. It's article 15 of the Declaration of HR
@chenteprimo
@chenteprimo Жыл бұрын
@@svensulzmann4282 Article 15 covers renounciation. The right to change your nationality is the right to renounce a nationality
@penitenttangent7346
@penitenttangent7346 Жыл бұрын
Sounds like first world problem 😂 Don’t like it then leave and forget it!
@TheSimArchitect
@TheSimArchitect Жыл бұрын
Amen!
@t1ll316
@t1ll316 Жыл бұрын
Iran, China and the DPRK entered the chat
@thehun1234
@thehun1234 Жыл бұрын
As a Hungarian who was born in Hungary, I have to tell you that Hungary taxes people according to residency, not citizenship. I have lived for decades outside Hungary and did not have to pay Hungarian income tax at that time. Now that I have moved back I became a taxpayer again. If you are officially resident in Hungary you have to pay income tax on your worldwide income irrespective of your citizenship. Personal income tax is a flat 15%.
@spicychad55
@spicychad55 Жыл бұрын
The issue with Hungary is its ties to Russia and the Hungarian president's weird politics. Eh.
@My_Old_YT_Account
@My_Old_YT_Account Жыл бұрын
There's an exception for the EU if I remember correctly, which is probably your case
@tamasfeher2772
@tamasfeher2772 Жыл бұрын
@@My_Old_YT_Account If you're a Hungarian citizen only (not having other passports) and you live in a country that doesn't have a double taxation treaty agreement with Hungary then you have to pay tax in Hungary. You're right all the EU countries have double taxation treaty agreement with Hungary as many other countries do.
@knockknock1246
@knockknock1246 Жыл бұрын
I almost moved there.
@thehun1234
@thehun1234 Жыл бұрын
@@spicychad55 1. You are mixing up president with prime minister. 2. There are several hundred thousand ethnic Hungarians living in the western part of Ukraine (that area was part of Hungary for thousand years until the end of WW1). Even during the Soviet era, those Hungarians were allowed to have Hungarian language schools and publish books and newspapers in Hungarian. It remained the same until very recently when the current Ukrainian government prohibited Hungarian language education and heavily restricted Hungarian publications. Even the EU protested, the Ukrainian response was "f... off", of course in diplomatic language. 3. When Hungary joined the EU the country had to stop using coal fired power stations, mainly because the Germans demanded. So all power stations were converted to oil and the coalmines were closed. Oil is coming from Russia, Hungary has no ports to import oil from somewhere else. There is a small pipeline from Croatia that they are trying to improve, but it will be a while before the capacity will be big enough to substitute Russian oil. 4. OK this is a bit off, but in 1956 when the Soviet troops put down the revolution the troops were mainly from Ukraine for the simple reason that they were the closest. Ukraine after gaining independence never even said sorry. We do not expect any compensation but if Germany still has to apologise for WW2, the Ukrainians should do the same for 1956.
@o__sama
@o__sama Жыл бұрын
too much video editing/effects & camera changing too much, it is litteraly making me dizzy, other than that good video
@peterjames232
@peterjames232 Жыл бұрын
It's cringe when they put letters in the screen and use that "hacked transmition effect". The camera is kinda making sex, it goes foward and backward, foward and backward, spooning it's dizzy
@netnomad47
@netnomad47 11 ай бұрын
I don't mind good video editing but you're right the zooming in and out makes it annoying.
@irinamurmur
@irinamurmur 11 ай бұрын
Wow, I thought it's only my opinion, then saw your comment
@midcenturymodern9330
@midcenturymodern9330 11 ай бұрын
I had to turn off my monitor and just listen to this video. 😖
@AlanValencia1
@AlanValencia1 11 ай бұрын
Good thing, this is a talking head video. I just play it and let sound off. I too hate the overbearing editing. Editing sucks, message is amazing.
@LangAmor
@LangAmor 11 ай бұрын
Having Dutch citizenship is also one of the worst EU citizenships as they don't allow double citizenship (you're only allowed to have 2 EU citizenships, not a second citizenship from a country outside the EU unless you're married). That is insane for such an international culture. I met a Dutch Australian family. Their daughter wanted to study and live in the Netherlands. She only had Australian citizenship as the Dutch government didn't allow her to have Australian and Dutch citizenship. It became very complicated and expensive for her to live and study in the Netherlands even though she's of Dutch descent. One of her friends was an Irish Australian and she could study and live in the Netherlands without any issues as she could hold an Irish and Australian passport. This is beyond ridiculous!!!
@asmirann3636
@asmirann3636 11 ай бұрын
Dual citizenship should not be allowed. Dual citizenship means dual loyalty or maybe no loyalty. People should have one passport, one citizenship and one loyalty.
@professional.commentator
@professional.commentator 11 ай бұрын
​@@asmirann3636 Yea I agree. Multiple citizenships overcomplicate people's allegiance to a country and it effectively makes them look stateless in the eyes of the governments.
@LangAmor
@LangAmor 11 ай бұрын
@@asmirann3636 I see your point. I think we differ. I am a world citizen, I am in a way loyal to the world and I'm not tied to one country. That said have an abundant day.
@wavemaker2077
@wavemaker2077 11 ай бұрын
She could have declared to be Dutch citizen. Australia accepts dual citizenship so there will be no problem in Australia if she is also a Dutch citizen.
@LangAmor
@LangAmor 11 ай бұрын
@@wavemaker2077 Australia accepts it, the Netherlands doesn't. If she'd take Dutch citizenship, she'd lose her Australian one
@cscs9192
@cscs9192 Жыл бұрын
This video is ADHD qualified ✔️
@kimberiysmarketstrategy
@kimberiysmarketstrategy 9 ай бұрын
Wait, aren’t we all ADHD qualified by just being on YT?
@michaelstewart1838
@michaelstewart1838 9 ай бұрын
​@@kimberiysmarketstrategy Touché
@WendyScape
@WendyScape 8 ай бұрын
Lol! 😂
@Nomeado
@Nomeado 3 ай бұрын
What in the hell means ADHD?
@samuel_saysske1355
@samuel_saysske1355 3 ай бұрын
@@NomeadoAttention Defecit Hyperactivity disorder
@sborges433
@sborges433 11 ай бұрын
Renounced my US citizenship a few years ago and got the IRS of my back. Best thing I have ever done!
@manuelillanes1635
@manuelillanes1635 11 ай бұрын
where do u live now?
@user-gz4ve8mw9l
@user-gz4ve8mw9l 11 ай бұрын
Nothing but a pipe dream alas for millions of us still. Glad you escaped though.
@ogeyrat
@ogeyrat 11 ай бұрын
Dumbest thing you have ever done. US citizenship is the only thing protecting you in WW3 and you gave it up for stupid IRS reasons.
@somethowawayhandle
@somethowawayhandle 11 ай бұрын
idiot
@lazar2949
@lazar2949 11 ай бұрын
Exactly, the IRS. Im not from US, but recently one of my friends who also isnt from US(doesnt have citizenship either) opened an US company for his online business and i told him he is crazy because of IRS. So many people are fighting to get out of it and you are just going to jump into that hellish tax system and probably trap yourself for god knows how much. Glad you got out!
@RafaelGomez-uq9zn
@RafaelGomez-uq9zn Жыл бұрын
I identified myself as a resident of Mars, so I don’t have to pay taxes anymore in this planet
@julierahn6932
@julierahn6932 Жыл бұрын
lol !
@deank.4169
@deank.4169 Жыл бұрын
that's fine, just don't show up for any of the services that the rest of us pay for.
@RafaelGomez-uq9zn
@RafaelGomez-uq9zn Жыл бұрын
@@deank.4169 what a racist comment 😂…. (Being sarcastic with all the nonsense going on lately)
@cushconsultinggroup
@cushconsultinggroup Жыл бұрын
Lol 😂
@shesaknitter
@shesaknitter 8 ай бұрын
Don't give any of these earthly governments any ideas!
@dubongros3108
@dubongros3108 11 ай бұрын
I heard of a lady whom had a US citizenship . Her parents walked away from the US when she was 4 . She is now an entrepreneur with money in another country so Uncle Sam wants to tax her , even though she has nothing to do with the US . The only solution the US gave her was to renouce her ctizenship ... It would only cost her a few thousand dollars .
@mrvwbug4423
@mrvwbug4423 6 ай бұрын
So the US doesn't tax by citizenship per se, it taxes by where the money was made, but you still need to report your income to the IRS and pay taxes on any money made in the US even if you aren't currently residing there. So if you're running a business that operates in several countries as a US expat you'll need to pay US taxes on any money made by the US part of your business
@ZONEPRESSLLC
@ZONEPRESSLLC 6 ай бұрын
depends if the country made a tax deal with US like Portugal and few others.@@mrvwbug4423
@KingRat71
@KingRat71 6 ай бұрын
If I recall corrctly, the US taxes all income no matter where it is made BUT you write off taxes paid to a foregin government to avoid doible taxation. Alot of kids born to parents who used to be in the US on student visas or working here, who then moved home, get a surprise when they become adults and the IRS reaches out to them for the taxes they arent currently paying. It’s not the kids fault but it is the law and it is their parents fault for not telling them.
@afroabroad
@afroabroad 5 ай бұрын
@@KingRat71they don’t i have worked outside of the US for the better part of a decade. You are required to file taxes but first $120,000 cannot be taxed by the irs. I haven’t filed every year and it’s something that could be ignored in some circumstances.
@mweskamppp
@mweskamppp 5 ай бұрын
@@KingRat71 What if they do not intend to visit the USA anytime and ignore those pesky letters from the IRS?
@mawortz
@mawortz 11 ай бұрын
As an Argentinean I can say that one thing is being citizen and another is having tax residency. If you don't live in Argentina for 12 months you are not required to pay taxes. Afterwards, you can visit for 90 days without gaining the tax residency back. So many people go to Uruguay for a year and then come back for periods of 3 months.
@MisterPyOne
@MisterPyOne 11 ай бұрын
How is it for Uruguayans, I have also Uruguayan Citizenship, since I was born there, but I have also another Citizenship and have been living in that other country my whole life
@svetlanaerofeeva5661
@svetlanaerofeeva5661 11 ай бұрын
Argentineans are subject to world income tax also and you cant exit this citinzeship
@dotneko9059
@dotneko9059 11 ай бұрын
​@@svetlanaerofeeva5661world income tax? I don't think so. After 180 days outside the country I'm not paying more taxes. It's true though that you can't renounce your citizenship.
@ElMundoDeHadesOK
@ElMundoDeHadesOK 11 ай бұрын
@@dotneko9059 true but just having the citizenship doesn't mean much if you're not living in Argentina....my brothers have not lived here in DECADES and they dont pay Argentinean taxes
@quinosonic82
@quinosonic82 11 ай бұрын
As soon as you move abroad and notify the argentine embassy you've set your residency somewhere else, you become a foreigner and pay taxes as such in Argentina (only if you have profits in Argentina) and as a resident where you've chosen to live. The moment someone decides to live in Argentina, no matter what citizenship he/she bares, and makes profit, thay will have to pay income tax and wealth tax (no double taxation if you have profits or wealth abroad). Argentine here myself with an expat brother.
@timmyhassett
@timmyhassett Жыл бұрын
Good info. Terrible editing. Please stop the zooms and sound effects. It's hard to watch.
@jws325
@jws325 Жыл бұрын
this is the worst edited video I've seen in my entire life
@daneydasing4276
@daneydasing4276 Ай бұрын
Same here
@juangonzalezblanco8806
@juangonzalezblanco8806 Жыл бұрын
Please, no more funny sound effects and zooming. It's a bit annoying. Besides that, great video, 100% agree
@user-if9hc4be9q
@user-if9hc4be9q 8 күн бұрын
😂😂😂
@gaiusgracchus7475
@gaiusgracchus7475 4 күн бұрын
Amen.
@stevemyers2092
@stevemyers2092 Жыл бұрын
Andrew, great vlog, ahhhhhhh might want to consider losing the sudden movements (zoom in/out) and the sound effects. This is not video a game and the people who watch your website likely do not play games often and are probably prone to vertigo - otherwise the editing is fine, audio is very good, everything else is looking good. We are here for the information. Period.
@edalarconreal
@edalarconreal Жыл бұрын
I think the delivery is great and the editing is perfect. If I didn’t like it, I would just move on instead of complain about free information, but that’s just me. Kept it up Andrew! 👏👏👏
@gaiusgracchus7475
@gaiusgracchus7475 4 күн бұрын
Agreed. It is not adding to the content and it is distracting.
@CRUSADER168
@CRUSADER168 Жыл бұрын
There is a lot of Russians and Ukrainians going to the Philippines lately because they can stay there for 3 years as tourists and just exit for 24 hours (Visa Run) Then return and start the process again for another 3 years. There’s also a community in other South East Asian countries. And Russians and Ukrainians living there are living in harmony as friends. P.S. The PH does not have any issues no matter what passport you have.
@kennethroth6757
@kennethroth6757 Жыл бұрын
Americans can do that in Mexico
@themothers
@themothers Жыл бұрын
Interesting! Do you know the rules for other south east asian countries, and where?
@stevedavenport1202
@stevedavenport1202 Жыл бұрын
I love the Philippines
@chrisk7118
@chrisk7118 Жыл бұрын
Philippines is the country nomad capitalist should be focussed more on. Rapidly rising.
@dalecrowe5340
@dalecrowe5340 Жыл бұрын
The exit permit system they have for foreigners who live there longer for two months sucks though. It can be a huge pain in the ass if immigration is in a bad mood.
@DerpEye
@DerpEye Жыл бұрын
I'm Italian, and my ex gf lives and works in US now. Italians are taxed according to residency. She changed her residency to US a couple of years back, this brings some benefits regarding embassy assistance privileges and such. You won't be taxed in Italy anymore, but you'll also lose your privileges as a citizen, such as universal healthcare (to some degree).Whenever she gets back to Italy, she has to apply for a termporary healthcare pass which lasts a set period of time. In order to get your privileges back, you'll need to transfer your residency back to Italy. Apart from this, personally i would avoid US citizenship.
@echochamber1234
@echochamber1234 11 ай бұрын
why? I live in Europe and quite frankly, it's only worth it if you are low income / in poverty. Anyone who is able bodied and has any education would be better off in the US.
@dragoneyr1632
@dragoneyr1632 11 ай бұрын
@@echochamber1234 I have that feeling too
@hanswoast7
@hanswoast7 11 ай бұрын
@@echochamber1234 wait until you get old or needy otherwise. systems that work on solidarity are way less stressful and got your back.
@E85stattElektro
@E85stattElektro 11 ай бұрын
@@echochamber1234 Switzerland > USA
@echochamber1234
@echochamber1234 11 ай бұрын
​@@E85stattElektro yes, but Switzerland is not your typical European country.
@TheSimArchitect
@TheSimArchitect Жыл бұрын
Well, being stuck with any citizenship is just awful. Nobody should ever be forced into it. It's like those governments owning you, no matter where you go.
@doodlegassum6959
@doodlegassum6959 Жыл бұрын
Like slave by birth, except with a gold star
@koala2464
@koala2464 Жыл бұрын
They owned you from the day your birth certificate was lodged.
@bepitan
@bepitan Жыл бұрын
who gave who the right to draw a line on the earth and then decide who can cross it ...just because a bunch of people gang up to call themselves a country by force doesn't make it right.
@TheSimArchitect
@TheSimArchitect Жыл бұрын
@@bepitan Amen! 👏🏻👏🏻
@TheSimArchitect
@TheSimArchitect Жыл бұрын
@@koala2464 Can't deny it, sadly, it's something more clear in countries where you have mandatory things like conscription. Thankfully most civilized countries allow you to forfeit your citizenship. Some might require you to be property of another state first, but having no passport is surely a problem (intentionally) as well as having no fixed residency anywhere (for tax purposes). You can't just be resident nowhere to avoid paying taxes anywhere if you have any income or investments. I understand why they do it, though. If you're wealthy enough it makes no sense to pay taxes where you can just afford using private out of pocket services. It's not like you'll receive the best care or education for free anywhere (good is not the best, if you're stuck with everybody else you're likely going to be another worker bee, I didn't escape it and so won't most people born outsider).
@fionawillis2104
@fionawillis2104 Жыл бұрын
Polite request to Andrew - Please could you stop all this crazy editing. It distracts hugely from your excellent content and makes it impossible to watch without giving yourself a headache. Otherwise, the video would have been superb.
@stellafamos2463
@stellafamos2463 Жыл бұрын
They finally took away the music, now they torture us with this, lol. He was better off without this crew apparently.😁
@leaozinhaCD
@leaozinhaCD Жыл бұрын
Thank you, just what I was thinking! I only made it to 3 minutes (which seemed like 30), it was making me nauseous.
@1queijocas
@1queijocas Жыл бұрын
No zooms, no sound effect. Just him and the camera are perfect
@danstrayer111
@danstrayer111 Жыл бұрын
what is the purpose of having a new image every 1-3 seconds?? Unwatchable. Oh now I remember: that's the attention span of most Americans
@frankfarago2825
@frankfarago2825 11 ай бұрын
His video editor just came down with Parkinson's Disease, give him a break.
@stephenburnage7687
@stephenburnage7687 Жыл бұрын
Access to banking services is becoming as big an issue as expatriate taxation. Most Latin American countries will not allow you to open a local bank account without local income. It doesn't matter how much foreign income you have. Conversely, because of ever tightening KYC rules, US banks are closing the bank accounts of Americans and foreigners who can not declare their primary residence to be the US. The only option becomes an offshore banking jurisdiction but that is getting tougher too, as many stores refuse foreign credit cards and local banks charge excessive ATM fees on foreign cards, while imposing narrow daily withdrawal limits.
@alexfrost5220
@alexfrost5220 Жыл бұрын
Have you tried a Revolut account or similar? They have a lot of different currencies available on their international account, certainly USD. Might be useful for you, depending on where you are.
@SoulEternalPeaceWarrior77
@SoulEternalPeaceWarrior77 8 ай бұрын
Stephen as an example, what are your thoughts if you owned a home in Mexico & rented it out for income? Would that technically qualify as "local income" & would they let you open up a bank account? I'm assuming have duel citizenship would help this process right?
@stephenburnage7687
@stephenburnage7687 8 ай бұрын
@@alexfrost5220 That would still count as a foreign credit card in most jurisdictions. Remember, the local ATM network is owned by a small group of local banks so anything that is not their own card is foreign to them. Their software may not recognize or process anything not issued by them or (more commonly), they will restrict withdrawals and charge high fees. The days of having a global Visa or Mastercard network, with the same privelages worldwide, are long gone.
@stephenburnage7687
@stephenburnage7687 8 ай бұрын
@@SoulEternalPeaceWarrior77 Of course, every bank and every country has their own specific rules but across Latin America (generally) bank access is a difficult issue. I haven't tried opening a bank account in Mexico so can't speak from first hand experience but in Brazil, Argentina and Chile, they generally require you to be a minimum of a legal resident (and maybe a permanent resident) and to be able to demonstrate at least six months of local income. Given the large number of ex-pats in Mexico, there is a possibility that at least one of the local banks seek to provide banking services to foreigners but unless one of the ex-pat forums has some good advice, the only way is to walk into a bank and try to open an account.
@MsK-xm7vw
@MsK-xm7vw Жыл бұрын
I was surprised that you didn’t include Canada in your assessment. There are huge red flags to consider when talking about a Canadian citizenship, and it’s only going to get worse!
@owenready7043
@owenready7043 Жыл бұрын
What do you think will happen with regards to Canadian citizenship? Other then maybe possibly citizenship based taxation?
@daryl9799
@daryl9799 Жыл бұрын
I've been here for 46 years agreed
@nickpierson8317
@nickpierson8317 Жыл бұрын
Born and raised Canadian. I strongly recommend not coming to Canada. It's not the Canada that it used to be, nor the Canada that the government markets to the world
@daryl9799
@daryl9799 Жыл бұрын
@nickpierson8317 💯 also born and raised
@nickpierson8317
@nickpierson8317 Жыл бұрын
@@daryl9799 it's sad tbh. I'm leaving this year though God willing. It's becoming a modern world slaveship. True Dictatorship. I wish it was hyperbole. People used to be much friendlier. The cost of living is not worth it for 95% of people. Cheers Daryl. Good luck out there
@tomstarwalker
@tomstarwalker Жыл бұрын
In Finland, Norway, Sweden and Denmark you can avoid military service on religious and moral grounds. Finland is strict: religious grounds are examined by the court and moral grounds have an option of civilian service. If you're over 50, generally you don't have to do anything during a war unless it's your calling and passion and sweet things.
@ReverendDr.Thomas
@ReverendDr.Thomas 11 ай бұрын
🐟 22. ILLEGITIMATE GOVERNANCES: SOCIALISM (and its more extreme form, communism) is intrinsically evil, because it is based on the ideology of social and economic egalitarianism, which is both a theoretical and a practical impossibility. Equality exists solely in abstract concepts such as mathematics and arguably in the sub-atomic realm. Many proponents of socialism argue that it is purely an economic system and therefore independent of any particular form of governance. However, it is inconceivable that socialism/communism could be implemented on a nationwide scale without any form of government intervention. If a relatively small number of persons wish to unite in order to form a commune or worker-cooperative, that is their prerogative, but it could never work in a country with a large population, because there will always exist entrepreneurs desirous of engaging in wealth-building enterprises. Even a musician who composes a hit tune wants his song to succeed and earn him inordinate wealth. Socialism reduces individual citizens to utilities, who, in practice, are used to support the ruling elite, who are invariably despotic scoundrels, and very far from ideal leaders (i.e. compassionate and righteous monarchs). Those citizens who display talent in business or the arts are either oppressed, or their gifts are coercively utilized by the corrupt state. Despite purporting to be a fair and equitable system of wealth distribution, those in leadership positions seem to live a far more luxurious lifestyle than the mass of menial workers. Wealth is effectively stolen from the rich. Most destructively, virtuous and holy teachings (“dharma”, in Sanskrit) are repressed by the irreligious and ILLEGITIMATE “government”. The argument that some form of government WELFARE programme is essential to aid those who are unable to financially-support themselves for reasons beyond their control, is fallacious. A righteous ruler (i.e. a saintly monarch) will ensure the welfare of each and every citizen by encouraging private welfare. There is no need for a king to extort money from his subjects in order to feed and clothe the impoverished. Of course, in the highly-unlikely event that civilians are unwilling to help a person in dire straits, the king would step-in to assist that person, as one would expect from a patriarch (father of his people). The head of any nation ought to be the penultimate patriarch, not a selfish buffoon. DEMOCRACY is almost as evil, because, just as the rabble favoured the murderous Barabbas over the good King Jesus, the ignorant masses will overwhelmingly vote for the candidate which promises to fulfil their inane desires, rather than one which will enforce the law, and promote a wholesome and just society. Read Chapter 12 for the most authoritative and concise exegesis of law, morality, and ethics, currently available. Even in the miraculous scenario where the vast majority of the population are holy and righteous citizens, it is still immoral for them to vote for a seemingly-righteous leader. This is because that leader will not be, by definition, a king. As clearly and logically explicated in the previous chapter of this Holy Scripture, MONARCHY is the only lawful form of governance. If an elected ruler is truly righteous, he will not be able to condone the fact that the citizens are paying him to perform a job (which is a working-class role), and that an inordinate amount of time, money and resources are being wasted on political campaigning. Furthermore, an actual ruler does not wimpishly pander to voters - he takes power by (divinely-mandated) force, as one would expect from the penultimate alpha-male in society (the ultimate alpha-male being a priest). The thought of children voting for who will be their parents or teachers, would seem utterly RIDICULOUS to the average person, yet most believe that they are qualified to choose their own ruler - they are most assuredly not. Just as a typical child fails to understand that a piece of sweet, juicy, healthy, delicious fruit is more beneficial for them than a cone of pus-infested, fattening, diabetes-inducing ice-cream, so too can the uneducated proletariat not understand that they are unqualified to choose their own leader, even after it is logically explained to them (as it is in this chapter, as well as in the previous chapter). And by “uneducated”, it is simply meant that they are misguided in the realities of life and in righteous living (“dharma”, in Sanskrit), not in facts and figures or in technical training. Intelligence doesn't necessarily correlate to wisdom. No socialist or democratic government will educate its citizens sufficiently well that the citizens have the knowledge of how to usurp their rule. To put it frankly, democracy is rule by the “lowest common denominator”. It should be obvious that ANARCHY can never ever succeed, because even the smallest possible social unit (the nuclear family) requires a dominator. Any family will fall-apart without a strict male household head. In fact, without the husband/father, there is no family, by definition. The English noun “husband” comes from the Old Norse word “hûsbôndi”, meaning “master of the house”. The same paradigm applies to the extended family, which depends on a strong patriarchal figure (customarily, the eldest or most senior male). Likewise with clans, tribes, villages, towns, cities, and nations or countries. Unfortunately, there are many otherwise-intelligent persons who honestly believe that an ENTIRE country can smoothly run without a leader in place. Any sane person can easily understand that even a nuclear family is unable to function properly without a head of the house, what to speak of a populous nation. The reason for anarchists' distrust of any kind of government is due to the corrupt nature of democratic governments, and the adulteration of the monarchy in recent centuries. However, if anarchists were to understand that most all so-called “kings/queens” in recent centuries were not even close to being true monarchs, they may change their stance on that inane “system”. Most of the problems in human society are directly or indirectly attributable to this relatively modern phenomenon (non-monarchies), since it is the government’s role and sacred DUTY to enforce the law (see Chapter 12), and non-monarchical governments are themselves unlawful. One of the many sinister characteristics of democracy, socialism, and other evil forms of governance, is the desire for their so-called “leaders” to control, or at least influence, the private lives of every single citizen (hence the term “Nanny State”). For example, in the wicked, decadent nations in which this holy scripture was composed, The Philippine Islands and The Southland (or “Australia”, as it is known in the Latin tongue), the DEMONIC governments try, and largely succeed, in controlling the rights of parents to properly raise, discipline and punish their children according to their own morals, compulsory vaccination of infants, enforcing feminist ideology, limiting legitimate powers an employer has over his servants, subsidizing animal agriculture, persecuting religious leaders (even to imprisonment and death, believe it or not. Personally, I have been jailed thrice for executing God’s perfect and pure will), and even trying to negatively influence what people eat and wear. Not that a government shouldn’t control what its citizens wear in public, but it should ensure that they are MODESTLY dressed, according to the guidelines outlined in Chapter 28, which is hardly the case in Australia, the Philippines, and similar nations. At least ninety-nine per cent of Filipinas, for instance, are transvestinal, despite Philippines pretending to be a religious nation. Cont...
@Jaegerrants
@Jaegerrants 11 ай бұрын
Point about service in Finland, geting religious exeption is limited to only few religions, also rewgionally if you have lived in Åland for at least 5 years prior to invitation (i recall it went like that) you are also exempt due to Ålands status as demilitarized. But option for Civilian Service exists to all, not only for religiou believes, you don't have to serve in military (which also includes unarmed service option) alternative if you are a dirty leech to the system with no intention to contribute you can go to jail for an year, no permanent record so it has ZERO efect in your life. Now the limit for men and voluntary women is between 18 and 28. So be old when you aply for citizenship... oh yeah we got unit for those who don't speak Finnish so don't think that's going to give you free pass. Also for migrant great way to get a bonding agent with natives. We love sharing army stories with one another.
@tomstarwalker
@tomstarwalker 11 ай бұрын
@@Jaegerrants the criminal record for totalling is five years.
@fungo6631
@fungo6631 11 ай бұрын
​@@ReverendDr.ThomasWTF is this. I gotta test how easy it is to bait the religious bots
@fungo6631
@fungo6631 11 ай бұрын
Huh? Doesn't only Finland have mandatory military service?
@magnamentis
@magnamentis Жыл бұрын
Spain = Citizenship based taxation and obligation to reveal any assets. Switzerland = various obligations that can become an annoyance and depending on age and other factors like sex, means once cannot simply stay away and come back without risk of even being "arrested" it's calle "Aufenthalstnachforschung" means evaluation of place of living or stay. (happened to me once, after that I startet to stick to the minimum obligations but they still ask way too many question each time they get a hold, i.e. passport renewals. Switzerland = mandatory military serves OR YOU PAY according to income, means extra tax or you have to provide certain civil services to compensate, either way, not as free as it seems on first glance, be aware.
@Nilguiri
@Nilguiri 11 ай бұрын
Where did you get that nonsense about Spain. You just pulled it out of your culo, didn't you.
@fernandodelcuadro
@fernandodelcuadro 7 ай бұрын
If you are a Spanish citizen living abroad you have to register in your consulate and that will exempt you from paying taxes in Spain. I’m a Spanish citizen living in Chicago and I don’t get taxes by Spain
@transforgoku
@transforgoku 5 ай бұрын
One problem I see with obtaining spanish citizenship is that it only allows dual citizenship for people from former colonies, so beware if you're from a different place and want to get spanish passport...
@ThePatriot-gm1fg
@ThePatriot-gm1fg 4 ай бұрын
If you live abroad as a Swiss citizen (especially as an overseas Swiss) you have zero obligations or any additional questions asked.
@EmisoraRadioPatio
@EmisoraRadioPatio Ай бұрын
I'm a dual citizen with Spanish citizenship and I don't have to file anything with Spain
@351yt
@351yt Жыл бұрын
Great video, it also works as a test for epilepsy.
@ColFu
@ColFu Жыл бұрын
You should fire your video editor. The last few videos have been a disaster - background music, too much unnecessary edits. Just no!
@robbryan2822
@robbryan2822 Ай бұрын
Agreed
@patriciaburgess6342
@patriciaburgess6342 8 ай бұрын
My friends renounced their American citizenship because they had to pay US taxes while living for years in Australia. They were reluctant to but are glad they did considering the mess the States is in.
@mrvwbug4423
@mrvwbug4423 6 ай бұрын
That means they were likely making their money in the US, or the US doesn't have a tax treaty with Australia.
@jonathonhoggarth6473
@jonathonhoggarth6473 Ай бұрын
Usa is doing might fine finance relative to other nations! I'll take usa citizenship anyday
@HardcoreMasterBaiter
@HardcoreMasterBaiter 3 күн бұрын
@@mrvwbug4423 Or that they're just fed up with dealing with unjustified time costs and filing fees just for the IRS to learn that no tax is actually owed to them
@brookside109
@brookside109 Жыл бұрын
that's why I have hesitated from getting US citizenship. I'm looking to retired in couple of years and want to move overseas, don't want to keep paying taxes here.
@xddd9921X
@xddd9921X Жыл бұрын
I don't know if it's just because im on the spectrum lol but the sound effects were really quite invasive and distracting.. Otherwise great vid.
@alldo-nc2fd
@alldo-nc2fd Жыл бұрын
Yeah it makes me sick 🤢 too
@GraemeSurveillance
@GraemeSurveillance Жыл бұрын
I'm very lucky to have triple Citizenship. I'm from Northern Ireland, so we are entitled to both British and Irish citizenship. I also just obtained my Canadian citizenship last year.
@nomadcapitalist
@nomadcapitalist Жыл бұрын
Congratulations.
@MsK-xm7vw
@MsK-xm7vw Жыл бұрын
It’s unfortunate that your third citizenship is Canadian. Although I would have ensured that my third citizenship wasn’t another Crown corporation. Having all three citizenship’s under the British Crown still makes you as vulnerable as you were with your Irish citizenship alone.
@GraemeSurveillance
@GraemeSurveillance Жыл бұрын
@@MsK-xm7vw don't be jealous lol
@MsK-xm7vw
@MsK-xm7vw Жыл бұрын
@@GraemeSurveillance Jealous! You’ve chosen citizenship in three different countries under the same WEF King! I’m never jealous of stupidity! 😅😂🤣
@owenready7043
@owenready7043 Жыл бұрын
Me too from Belfast, NI. I also have Canadian citizenship by descent from my parents and also possibly Hungarian from my mother.
@cathychan2814
@cathychan2814 Жыл бұрын
As a foreigner I would avoid citizenship of 3 countries like a plague...1. America 2. UK 3. Canada
@corwin.macleod
@corwin.macleod Жыл бұрын
Add Australia to the list lol.
@eralec
@eralec Жыл бұрын
Why UK too? I am looking at it right now
@jschreiber6461
@jschreiber6461 Жыл бұрын
@@eralecLook at the poster’s name. There’s a reason why for decades the wealthy have set up base in the UK as non tax residents. If you have money and not from a country the UK is sour with, it’s heavenly. If you are poor, find some place else, eg EU
@stevebarlow3154
@stevebarlow3154 Жыл бұрын
America I can understand, But the UK and Canada? They are both stable democracies, with decent health care and relatively low crime rates. Both are actually nice places to live and work, unlike some of the countries being mentioned for a second passport. There are also a substantial number of former US citizens living in the UK who have renounced their original citizenship to become British citizens!
@Antiteshmis
@Antiteshmis 11 ай бұрын
@@jschreiber6461 We are talking about citizenship :/
@quivop7759
@quivop7759 Жыл бұрын
I have argentinean and European citizenship and I don't live there and I am not forced to pay any taxes to the argentinean government because only residens do. It's not like the USA. I have many American friends who are forced to pay taxes there even when they don't live in the USA. On top of that if I go there I can use their public health care, education, etc. Americans who live abroad get nothing from the country and pay taxes.
@elena79rus
@elena79rus 7 ай бұрын
Argentina sounds exactly like Russia.
@gaiusgracchus7475
@gaiusgracchus7475 4 күн бұрын
True - US taxes people it definitely should leave alone.
@ReverendDr.Thomas
@ReverendDr.Thomas Жыл бұрын
Thanks, Andrew. Keep them coming! ❤
@clockwatch5222
@clockwatch5222 Жыл бұрын
OK, I agree with the other comments. The visuals hurt my eyes so much I clicked out after 30 seconds in.
@jeffbguarino
@jeffbguarino Ай бұрын
I didn't notice anything until I came to the comments. What does bother me is the hang signers , I get an instant headache when they stand there waving their arms around. Far far too distracting and there is CC so you don't need hand signing.
@keangwooichoo6138
@keangwooichoo6138 Жыл бұрын
Thanks andrew for all the knowledge you gave.
@Iefita
@Iefita Жыл бұрын
You can renounce argentine citizenship as long as you are not a native (AKA born in Argentina) or Argentino por opción (opted to be argentine, AKA, children born abroad of an argentine citizen) If you are naturalized argentine, you 'll need a lawyer to renounce it but is totally doable and also, naturalized argentines can LOSE their citizenship, is not common that a judge would follow that way as long as you are not a terrorist or a major treat but is legally possible. They not gonna take your citizenship away just for not paying taxes, but is important to know that IT IS POSSIBLE for a judge to take it out. Stop misinforming plz, in this regards there are differences between natives and naturalized that you never adress.
@coticothebest
@coticothebest Жыл бұрын
I got an Argentinian passport after finishing university. I lost count how many times it saved my ass
@KoDeMondo
@KoDeMondo Жыл бұрын
How
@peterwu5091
@peterwu5091 Жыл бұрын
How?
@coticothebest
@coticothebest Жыл бұрын
I studied in Argentina all 4 years and worked there for another and I qualified for citizenship (I’m American)
@vsabadazh
@vsabadazh 11 ай бұрын
@@coticothebest did you speak Spanish at the time of starting your studies?
@coticothebest
@coticothebest 11 ай бұрын
@@vsabadazh yes, its required. If you’re a foreigner you will have to take a Spanish proficiency test 👍🏻
@arzigogolato1
@arzigogolato1 11 ай бұрын
I'm surprised you didn't mention as a first problem: countries that don't allow you to have a second citizenship and therefore force you to give up your current one...
@Joao-id4dn
@Joao-id4dn 5 ай бұрын
like Austria and the Netherlands
@david-reason
@david-reason 11 ай бұрын
It's fun how "No Taxation Without Representation" is totally forgotten when U.S. Citizens live outside the U.S. Double standards?
@TysonJensen
@TysonJensen 5 ай бұрын
Technically false. US citizens living outside the US have the right to representation, and to vote. It's a PITA, but you can vote in US elections if you have US citizenship from wherever you are. Of course, some states don't like that... but... There are plenty of people taxed without representation -- people in the US without citizenship. They pay tax, and get no reps.
@dominic6055
@dominic6055 11 ай бұрын
I've long ago had the feeling that having a citizenship is becoming more and more a liability, not an asset. That's why I believe the best strategy is to live in another country different than your citizenship.
@nomadcapitalist
@nomadcapitalist 11 ай бұрын
Good point.
@piretkivi3218
@piretkivi3218 7 ай бұрын
Different countries do not share information unless they have an agreement. You can earn a lot of money in another country and be considered a beggar in your own. This can be beneficial to some people. Why would you want to give information to a country the country has no means of finding out on its own?
@Jughead24
@Jughead24 Жыл бұрын
Andrew, it's been awhile since I have watched one of your videos. I've enjoyed many and found them informative. This video was difficult to watch because of the editing. You might want to have another look at it.
@robbryan2822
@robbryan2822 Ай бұрын
Editing is horrible
@stevenbeck7282
@stevenbeck7282 Жыл бұрын
The new video editing is a bit distracting. Might want to cut it back a little.
@BobInTheUSA
@BobInTheUSA 11 ай бұрын
Good to see you, Andrew. Good information.
@nomadcapitalist
@nomadcapitalist 11 ай бұрын
Hey, thanks
@MikeLaBelle
@MikeLaBelle Жыл бұрын
Less edits / transitions brother. Appreciate the content +
@nomadcapitalist
@nomadcapitalist Жыл бұрын
Thank you, Mike.
@toshiaki10419
@toshiaki10419 11 ай бұрын
As an Argentine, I so knew we'd be on this list. However, taxes would be the least of my worries. The people who evade the most here are actually politicians and their lackeys and I assure you that isn't changing in the next 100 years. If there's something they're never going to do is to shoot themselves on the foot requesting such a thing as paying taxes from overseas. Moreover, our equivalent to the IRS is a joke. Still, I wouldn't recommend living here at all, which is required for citizenship 🤷
@simonradowitzky4837
@simonradowitzky4837 11 ай бұрын
Oh please. This is an awsome country to live in.
@olderandwiser127
@olderandwiser127 8 ай бұрын
@@simonradowitzky4837 tell me more. I'm considering it. My wife is Argentinian so no problem legally immigrating. Banking worries me, though, since we'll depend on retirement income from usa.
@mrvwbug4423
@mrvwbug4423 6 ай бұрын
And I'm sure the already rampant tax evasion is about to get 1000 times worse under Milei. Ancaps usually oppose any form of taxation on principle. He seems to want to turn Argentina into a tax haven.
@ValkyrieStryker
@ValkyrieStryker Жыл бұрын
I love your very informative videos but this recent style of editing is very distracting and detracts from the value you provide. The zoom in, additional text and sounds effects, and video overlays all really detriment my viewing. It would make sense for a short or a TikTok video but not for a long form KZfaq video of the length you tend to do. I don't mind the video overlays, but only if it adds value to the points you're doing. I very much appreciate your content and the services you provide! I might end up hiring you guys to help me get my citizenship by descent.
@cheflockdowntuscany
@cheflockdowntuscany Жыл бұрын
Absolutely fantastic content will be reaching out.
@nomadcapitalist
@nomadcapitalist Жыл бұрын
Happy to help.
@mattanderson6672
@mattanderson6672 Жыл бұрын
Thank you Sir!!
@dovoso5685
@dovoso5685 11 ай бұрын
Great video and there is 1 more thing= There are countries who do not allow dual citizenship. If you get their passport, you must give up your current one, which is not always recommended.
@zsqduke
@zsqduke 6 ай бұрын
It’s usually not enforced. You just have to say you renounced. They have no way to verify
@dovoso5685
@dovoso5685 6 ай бұрын
Many countries do know and do inforce
@talidu8b
@talidu8b 5 ай бұрын
Austria greeting here and enforcing as hell! You can get stuck with NO citizenship if found out.
@sirgalahad2
@sirgalahad2 Жыл бұрын
On the Argentina part. People freak out when they hear that, but as he alluded to, the Argentinian government cannot tax their own citizens that live in their country. The government is way too weak to ever come after you for anything. And in that case, having it unable to be stripped it a perk as you always have a travel document/citizenship/place to go to and you cannot be fully cut off if you get into any trouble and the global system wants to shut you down. Food for thought.
@alkriman4182
@alkriman4182 Жыл бұрын
@sirgalahad2 writes "government is way too weak to ever come after you for anything." We who lost friends in the dirty war bitterly disbelieve this. And coming after you with electronic fund transfers has been no trouble at all in recent years.
@HoDLum
@HoDLum Жыл бұрын
Of course it can.. That what Common Reporting Scheme is for, Argentina can request information on their citizens' foreign bank accounts anytime and they can use that information to audit tax returns etc. They are not doing it now on large scale but it would be foolish to assume Argentine government will remain weak forever.
@carolina-ferrari
@carolina-ferrari 11 ай бұрын
Yo anyone who isn’t Argentinian this would sound insane but as a citizen this just made me laugh! We are unable to collect taxes from residents and the government doesn’t seem to interested to end this as half the countries economy is “informal”
@sirgalahad2
@sirgalahad2 11 ай бұрын
@@carolina-ferrari Exactly. Almost everyone I know doesn't pay, uses cash, blue rate, etc. I have a hard time believing that if they cannot enforce within their own country to even half the population, how will they get those that leave and live elsewhere? Sure, if you are a high-profile billionaire they can dedicate specific resources to you perhaps, as can any country. But those people are not watching Nomad Capitalist. For 99.9% of viewers, the Argentinian government doesn't pose an issue to them. So all that's left is a decent travel document that cannot be taken from you. And it's got great weather, lovely culture, and even better people tied to it.
@HoDLum
@HoDLum 11 ай бұрын
@@carolina-ferrari Because you are reading without understanding.. As someone considering immigration and naturalization in a country that prohibits renunciation, one needs to seriously consider the consequences for decades to come. Countries change, policies change and even fallen states like South Africa can have very aggressive tax regimes.
@HoDLum
@HoDLum Жыл бұрын
Oh for gods sake!! Im 1:42 into the video and I have had enough!! Bells and whistles popping every second what kind of ADHD editor got their hands on the video?! the overproduction and overuse of video and sound effects is just ridiculous,
@chineseboxer108
@chineseboxer108 Жыл бұрын
Avoid Canada until there is a new federal government.
@daryl9799
@daryl9799 Жыл бұрын
The disaster has been made already too late.
@febsign6110
@febsign6110 Жыл бұрын
Canada has tuned into a cesspool of woke liberal trash. I can’t wait to sell and leave.
@deank.4169
@deank.4169 Жыл бұрын
Nope. Just leave now. No one will miss you!
@MrUntapishtim
@MrUntapishtim 11 ай бұрын
Too late. We might have one more reasonable government, but that's it.
@Gura.aaaaaa
@Gura.aaaaaa 3 ай бұрын
Canadians need to wake up and start protesting your government. Stop being so weak and start being more active.… fight for your country. I genuinely don’t understand the defeatist attitude among Canadians. You are still living in a democratic country where you have the freedom to criticise your government. I work with many Canadians and all they do is cry and complain about how bad Canada became but they are not willing to do ANYTHING to change it. Honestly I’m sorry but you deserve it. But hey maybe bring some more immigrants from muslim countries I’m sure it would help your society, economy and of course crime level!🙂
@jayehum5019
@jayehum5019 5 ай бұрын
I married a Canadian and we had two children in Canada. Both kids have duel nationality. I couldn't get Canadian citizenship without giving up my Australian citizenship. (I am 5th generation Australian.) My husband, whose parents were both born in Scotland, had Canadian, EU and Australian citizenship. I feel cheated! 😒😄
@vincentalakija5515
@vincentalakija5515 5 ай бұрын
But Australia allows dual nationality
@nvn__
@nvn__ Жыл бұрын
Fantastic job as usual. Keep up the great work 🎉
@cantstopkevan
@cantstopkevan Жыл бұрын
Thanks for another great video Andrew. I'd prefer if your editor ditched all the new sound effects and camera angle changes, very distracting.
@andresrashti7138
@andresrashti7138 Жыл бұрын
You're amazing man
@alexandersp.5353
@alexandersp.5353 Жыл бұрын
In Austria you can instead of serving for the military also do an Austrian Service Abroad. Its a program with closely works with the foreign ministry and lets you go around the world.
@eyeswideopen7777
@eyeswideopen7777 11 ай бұрын
Sounds cushy
@donkeysaurusrex7881
@donkeysaurusrex7881 6 ай бұрын
Why would anyone not do that?
@peterkolta1207
@peterkolta1207 5 ай бұрын
You can also leave the country early enough and take the advantage of the Austrian passport and skip any kind of service (I did that). I'm in Asia where I have my permanent visa already, however I still don't want to trade my Austrian passport for another citizenship, my kids have dual citizenships. I would never join a military service I'm not the tool of a government.
@rakeau
@rakeau Жыл бұрын
The video effects are unnecessary and borderline nauseating.
@ZEUSAIMIGHTY
@ZEUSAIMIGHTY 2 ай бұрын
I'm watching on 2X speed and had 3 seizures
@Holdeenio
@Holdeenio 4 ай бұрын
All good points, thank you.
@dernochjungenoergler
@dernochjungenoergler 11 ай бұрын
Interesting and relevant post, thanks a lot!
@nomadcapitalist
@nomadcapitalist 11 ай бұрын
Glad you enjoyed it!
@VagabondAnne
@VagabondAnne Жыл бұрын
The flashy editing on this video is totally distracting.
@silentman-ze3gu
@silentman-ze3gu 11 ай бұрын
Singapore. No jab no job. Will never forget. Singapore also has mandatory conscription at age 18
@daniyalbbd5281
@daniyalbbd5281 11 ай бұрын
Singapore is a one party state with benevolent dictatorship
@jakeglenn2246
@jakeglenn2246 9 ай бұрын
Thanks Andrew.
@insakolby
@insakolby 4 ай бұрын
You channel has very interesting content. The explanations are very clear. Thank you for your work.
@nomadcapitalist
@nomadcapitalist 4 ай бұрын
Thank you! 😊
@danyasimkus184
@danyasimkus184 9 ай бұрын
Holy moly please stop with the effects… I am blind and just listen to you… And the squeaking and bleeping noises in the middle of what you are saying… It is terrible. I really enjoy listening to you, you are interesting all on your own. You do not need any of that. I apologize, I could not listen through to the end, The sound effects were too distracting. Please consider going back to the way you were doing it before. Please forgive me if I have been rude. I appreciate your work very much, thank you for your insights!
@redzebra6688
@redzebra6688 Жыл бұрын
Appreciate it, Andrew!
@ericwhitfield8475
@ericwhitfield8475 5 ай бұрын
Gold advice as always thank you for your effort
@nomadcapitalist
@nomadcapitalist 5 ай бұрын
Thank you for your continued support and appreciation!
@arthurwatts1680
@arthurwatts1680 Жыл бұрын
Most Greek-Australian men know that they can be forced to do national service if they go back to Greece, even if they don't plan to stay there. Most accept it and do their duty, but I know one guy who can't go back for fear of being arrested. Doesn't matter how many passports you have if you can never go back to the country you were born in.
@kittyplayz_ytcat
@kittyplayz_ytcat Жыл бұрын
I heard my hubby talking about that...his father was greek American (he passed away) but...he was carefuñ not to go back with his 2 sons.
@socialgadfly5305
@socialgadfly5305 Жыл бұрын
This isn’t true, I got exempt from doing military service, got my passport before 18 and visit Greece most years and never had a single problem. I have my exemption forms but because Greece isn’t my permanent home, they issued me with military conscription exemption which only ever kicks in when applying to renew my passport, they ask for this form. That is the only hiccup. I got my citizenship through my father and hold duel citizenship.
@socialgadfly5305
@socialgadfly5305 Жыл бұрын
When Greece joined the EU, those hardline positions were dropped in favour of more progressive approaches to citizenship. Whilst conscription is mandatory for a Greek born person, conscription or forced conscription on duel citizenship people was dropped. At least in my case it was. It was a worry but never ever had a problem -at least not yet.
@arthurwatts1680
@arthurwatts1680 Жыл бұрын
@@socialgadfly5305 Great - I'll let him know, but I dont know that it applies to someone his age, esp as he was born in Greece. His cousin seems adamant that he will be arrested if he ever goes back - a lot of history with those two.
@socialgadfly5305
@socialgadfly5305 Жыл бұрын
@@arthurwatts1680 agh if he was born in Greece then yes it might be a problem. The whole point of issuing me with military conscription exemption was that I wasn’t Greek born and that I lived abroad.
@anonymousJAN2024
@anonymousJAN2024 Жыл бұрын
I can’t watch this. It’s like a video game.
@SeniorRed
@SeniorRed 11 ай бұрын
Nomad there's something that I've been trying to figure out for a while and that is, what countries are best for the disabled to move out to? Laws in most countries are still pretty blurry at how they treat their disabled population and while not terrible it's not the bes either, but I can't still find a proper country or options to have in mind when wanting to move out.
@williamshaw8106
@williamshaw8106 9 ай бұрын
👍 and service dog laws also!! 🐶
@englishwithmiranda
@englishwithmiranda 6 ай бұрын
I have been living and working as a US citizen in Austria for over 20 years and have never had to pay US taxes. I do have to file us taxes, which can be annoying, and opening an Austrian bank account has become incredibly bureaucratic due to US laws. It's also a headache to invest euros here because everything has to go through the IRS. I've considered giving up my US citizenship because Austria doesn't allow dual citizenship. Renouncing US citizenship is also quite costly - 3-4k. Since i dont have sons, military service isnt an issue.
@marcoseve
@marcoseve 6 ай бұрын
Great video as always
@nomadcapitalist
@nomadcapitalist 6 ай бұрын
Thanks!
@shawnmcdonald9070
@shawnmcdonald9070 Жыл бұрын
Enough with the jump cuts and annoying sound effects. Very distracting
@FionaOfMountLawley
@FionaOfMountLawley 11 ай бұрын
There are currently only three nations which have citizenship based taxation. That is to say, a citizen of that country must file annual tax returns regardless of whether they have resided (and earned income) in that country in the twelve months prior to filing date. Those nations are the United States of America, the Peoples Republic of China and the State of Eritrea. Everywhere else taxation obligation is tied to residence rather than citizenship.
@cristaosunidos.academy
@cristaosunidos.academy 5 ай бұрын
Norway is also world wide taxation for 4 years after you leave
@ddmozz
@ddmozz Жыл бұрын
I'm from Argentina. Evading taxes and non compilance is a national sport, and that's assuming you live here. If you don't then just... lol
@mtngrl5859
@mtngrl5859 Жыл бұрын
One of the most charming attributes of people form Argentina. They are beautiful like Italians with a bit of the gangster in them.
@terapyagusarg
@terapyagusarg 11 ай бұрын
@@mtngrl5859 everybody gangsta till a random motorcicle starts getting near you
@chrisk7118
@chrisk7118 Жыл бұрын
If you have a Uganda and Mongolia passport, is that a better passport portfolio than having one Australian? 2 passports are better than one right?
@My_Old_YT_Account
@My_Old_YT_Account Жыл бұрын
Depends on what you want to do, for travel the Australian one would be preferable while for tax purposes the Uganda and Mongolian ones will probably be preferable
@CraigPaulWilson
@CraigPaulWilson 11 ай бұрын
1:30 Interesting example to choose when the USA and Eritrea are the only two countries in the world who follow such a taxation approach. No one else taxes their citizens everywhere.
@redragna3648
@redragna3648 6 ай бұрын
You can literally just not file and there isn't much they can if you are a citizen of another country. Well at least not much they can do to me since I was "technically" born in another country (parents were travelling) and that's what it says on the passport of my ne citizenship.
@scottmccarter3969
@scottmccarter3969 Жыл бұрын
I love your content but respectfully, the new editing style was a bit much for me. No disrespect intended; just hoping to leave a helpful comment.
@SMoore-vj7bt
@SMoore-vj7bt Жыл бұрын
Timely follow-up from the comments on the prior video. What about countries instituting wealth taxes such as Colombia?
@nolanhitchens
@nolanhitchens Жыл бұрын
It seems the video editor has discovered the whoosh-woosh sound 🙄 Is he/she bored perhaps? Please just stop adding unneccesary sounds, music or video cuts. The content is already interesting enough, it does not need to be made more... 'dynamic'. We are not children. Just let the man talk.
@trjberg
@trjberg 11 ай бұрын
AFAIK, US citizens here in Sweden have big difficulties getting bank accounts here due to the very large administrative burden and other problems US causes because of it.
@christinecharbonneau4448
@christinecharbonneau4448 11 ай бұрын
US Citizens in Switzerland, too. Also Swiss residents of the US cannot easily get bank accounts in Switzerland. My mother gets AHV, Swiss Social Security that they send but cannot have it deposited in a Swiss account-even if she pays taxes on the income in the US. Giant mess.
@erraldstyler
@erraldstyler 6 ай бұрын
probably in any country that "cooperates" with the states
@HardcoreMasterBaiter
@HardcoreMasterBaiter 3 күн бұрын
Another example of why having US Citizenship is a humiliation
@troywhite6039
@troywhite6039 Жыл бұрын
Is there any countries that you can get citizenship without money or work as the focus?
@MikaJarvi86
@MikaJarvi86 11 ай бұрын
Neither Norway or Sweden have mandatory military service. It is voluntary.
@13soaringeagle
@13soaringeagle Жыл бұрын
Dear Andrew, I usually like your videos and today I could not even get to the 2 minute mark. Please consider parting ways with the person in charge of editing this video. This style of editing is great for say a tik tok and a a causal conversation. However, for a serious conversation geared toward your target market of “7 and 8 figure entrepreneurs,” I find it distasteful, hard to watch, and unprofessional. Everyone with a skill has a niche and you would be doing a disservice to the editor by letting them to continue down this path of “Gen Z-ing” a “Gen-X and Boomer” conversation. Much obliged. A wealthy Entrepreneur
@nomadcapitalist
@nomadcapitalist Жыл бұрын
We appreciate you bringing this issue to our attention. Rest assured, all our current videos were prefilmed and are ahead of schedule. However, once we became aware of the problem, our editing team has been diligently working to rectify it. The upcoming videos being edited and uploaded have taken this music synchronization issue into consideration. We apologize for any inconvenience caused and thank you for your understanding. Stay tuned for the improved content.
@13soaringeagle
@13soaringeagle Жыл бұрын
@@nomadcapitalist thank you for your quick response in both words and actions. It speaks highly of your Market Positioning as the “Goody Two Shoes” of this space.
@baronsilverbaron757
@baronsilverbaron757 8 ай бұрын
Just watched this and it has put me off having dual citizenship. I'm English living in France with a residence permit. If I had unlimited funds I would have a residence in Isle of Man and then I would just become a permanent tourist. Every country loves tourists.
@Michael-4
@Michael-4 Жыл бұрын
I'm all for a bit of Ken Burns effect in videos but recently the effects every five second makes just want click away. If your view hours are down this might be worth testing. 👍
@user-pb3sb3un7n
@user-pb3sb3un7n 3 ай бұрын
Very happy to find your channel.
@nomadcapitalist
@nomadcapitalist 3 ай бұрын
Glad to have you.
@jerry3790
@jerry3790 11 ай бұрын
The nice thing about US citizenship for me is that I always pay less income tax than otherwise as they have a bunch of tax treaties to stop double taxation, and since I’m not living in the US I don’t pay any state tax making it even cheaper.
@TomBTerrific
@TomBTerrific 7 ай бұрын
I agree. I don’t get it. Im retired now and a US citizen. I’m not super rich but living pretty good. My fear is getting dual citizenship and getting hammered by Germany should I decide to live there or somewhere else in the EU.
@paulm2467
@paulm2467 7 ай бұрын
@@TomBTerrificeverywhere else people only pay tax to the country that they live in, we don’t have to worry about it. It’s only a problem because you live in one of the only countries that tax its citizens no matter where you live, the USA (the other one is Eritrea).
@alchemira
@alchemira 6 ай бұрын
@@TomBTerrific In your case, Portugal may be the ideal country to live in: The quality of life is quite high, the cost of living is rather low, it's the closest EU country to the US, and they give you 10 years of tax-vacation (non habitual resident scheme). The Portuguese language is more difficult than Spanish, but Portugues people usually speak far better English than the Spaniards.
@marvelv212
@marvelv212 5 ай бұрын
US is the worst
@robertgerchalk5940
@robertgerchalk5940 5 ай бұрын
Good but one thing you have to watch is they require you to pay 15% Self-employment tax (Social Security, FICA) on any earned income throughout the world. There are tax treaties to avoid double taxation on income, but just some countries have "Totalization treaties" with the US covering SS tax.
@markg5891
@markg5891 Жыл бұрын
Please consider cutting back on the wealth of video effects and sounds. The amount this video has literally made me stop watching after just 2 minutes because of the annoying overabundance of effects.
@makingwaves1239
@makingwaves1239 Жыл бұрын
"If a country can change the rules and taxes all the time ... " ... Welcome to Norway
@andbelov
@andbelov 11 ай бұрын
But... but... but you can vote every 4 or so years, right?
@computername
@computername 24 күн бұрын
I wish there was something like a "world citizen". Like Spotify instead of buying the album. Maybe subject to ongoing crime checks, paying a tax centrally which then gets distributed to the countries that you spend time in. I know, I know. "That doesn't work because..." the world isn't ready for that. The age of global travel & communication has only just begun. We'll get there eventually.
@tstcikhthys
@tstcikhthys Жыл бұрын
Andrew, the new fast-zooming and text coming up on screen is pretty cringeworthy. Please mark this one as a loss and avoid it in the future. Also, 9:25 it's not "impact" (crash force) on job and security clearance, but _effect_ on it.
@andrei4325
@andrei4325 Жыл бұрын
Waaay too many transitions
@matta5160
@matta5160 6 ай бұрын
What is the most citizenship some has held I’ve heard of people having 5-6 but does anyone know of some with more.
@blancarosabeltranvelazquez4176
@blancarosabeltranvelazquez4176 2 ай бұрын
Thanks!.
@Zerotrone
@Zerotrone 11 ай бұрын
The Dutch citizenship should also be on the list.
@TheEdge92
@TheEdge92 Жыл бұрын
I'm confused. Is it still like this in Argentinia? Because you mention that they HAD this policy but later on it seemed more and more like it is still like that.
@ptyimmigration
@ptyimmigration 9 ай бұрын
😮 Panama has a territorial taxing system. Taxes are paid only on income generated in Panama. We have CRS with US citizen and lots of complience, know your client and due dilligence regulations in place. We also have tax free zones, and visas to work in these tax free zones. Regarding citizenship it can be clasified as paper citizenship, although I tell clients over and over, you can't stay more than 2 years in a row outside. Citizenship requires getting a permament residence first, and then after a waiting time of 3 to 5 years, depending on the category you may be elegible in, you may apply for citizenship. There are tests to be approved, although all can be programmed at will. So our citizenship cant be "purchased", and definitelly is not a fast process, but I've done it and it is feasible.
@Annatomova7
@Annatomova7 11 ай бұрын
I have dual citizenship, for Bulgaria and the U.S. I am moving to the EU in a year, and eventually back to Bulgaria. I was adopted and raised in the US, hence my American citizenship. Don’t think I’ll be getting a 3rd citizenship, but I was just curious about this video…
@Molloy1951
@Molloy1951 Жыл бұрын
The guy editing this video and adding animations should be extradited to Saudi Arabia.
@andreww3621
@andreww3621 Жыл бұрын
WTF is with all the editing and special effects man. It's overkill and completely unnecessary. Your videos were perfect before!
@timc7846
@timc7846 7 ай бұрын
Agreed , quite annoying and distracting
@josephlee2318
@josephlee2318 7 ай бұрын
How do you suggest preserving original documents in order to pursue multiple passports. As a US citizen I need a certified birth certificate in order to get a passport. If I want to get passports in other countries you discuss here, do I not need the same certified documents?
@4SG
@4SG 9 ай бұрын
I’m Canadian and can get a Russian passport. I like it because: I can avoid Canadian taxes, Canadian government control, gives me access to the “East”. But can Canada or any other country know about it? If I basically never disclose?
@browpetj
@browpetj 11 ай бұрын
Good info, someone's just found the editing options board 😂
Where to Escape Woke Culture
14:48
Nomad Capitalist
Рет қаралды 203 М.
Where to Move to Escape World War III
18:00
Nomad Capitalist
Рет қаралды 888 М.
ТАМАЕВ vs ВЕНГАЛБИ. Самая Быстрая BMW M5 vs CLS 63
1:15:39
Асхаб Тамаев
Рет қаралды 2,9 МЛН
WHO DO I LOVE MOST?
00:22
dednahype
Рет қаралды 3,9 МЛН
How to bring sweets anywhere 😋🍰🍫
00:32
TooTool
Рет қаралды 29 МЛН
These Countries Won't Let You Go*
15:25
Tapakapa
Рет қаралды 1,2 МЛН
Americans Are Fleeing Portugal
13:50
Nomad Capitalist
Рет қаралды 319 М.
The Only Places Where Privacy Still Exists
17:13
Nomad Capitalist
Рет қаралды 23 М.
Why I Got an African Passport 🇰🇲
17:35
Nomad Capitalist
Рет қаралды 119 М.
Japan's Unconventional Solution to the Housing Crisis
10:05
Explained with Dom
Рет қаралды 848 М.
If I Could Only Have One Passport
12:25
Nomad Capitalist
Рет қаралды 148 М.
Best Places I Would Live with $1,000 per Month
10:25
Nomad Capitalist
Рет қаралды 1,2 МЛН
10 Best Places to Retire in 2024 (Visas, Residency, Healthcare, Taxes)
39:54
Traveling with Kristin
Рет қаралды 423 М.
Traveling with two passports - I almost got arrested | Jure Sanguinis Italian Dual Citizenship
8:26
Rafael Di Furia - Not Your Average Globetrotter
Рет қаралды 156 М.
The World's Most Livable Cities for 2024
17:14
Nomad Capitalist
Рет қаралды 146 М.
ТАМАЕВ vs ВЕНГАЛБИ. Самая Быстрая BMW M5 vs CLS 63
1:15:39
Асхаб Тамаев
Рет қаралды 2,9 МЛН