Here’s a lesson, a bit of a scary reminder about why every entrepreneur needs a second passport.
You find on our channel a plethora of videos about how to get a second passport and why it’s important for business owners and entrepreneurs to do it.
We talk about the importance of this step in this video:
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But here’s a cautionary tale to explain just how important it is to consider getting a second citizenship if you’re a business owner.
The truth is that the more successful you are, the more scrutiny you’ll be under, and having a second passport allows you to have a solid backup plan.
It’s also important to note that some of the economic citizenship programs really investigate your records through and through.
If they’re not sparkling clean, they might reject your application without hearing you out.
This is why, if you’re a high-earning entrepreneur, it is wise to get some of that hard earned money aside and invest it into your second passport.
Getting a second citizenship before you really need it is one of the best insurance policies you can have.
Subscribe and stay tuned for more videos and information about second passports, offshore strategy, reducing your taxes and going where you're treated best.
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ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist's KZfaq channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
About Andrew: www.nomadcapitalist.com/about/
Our website: www.nomadcapitalist.com
Our blog: www.nomadcapitalist.com/blog/
Work with Andrew: www.holanomad.com/
Facebook: / nomadcapitalist
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