Why visas don’t apply to Elon Musk & other billionaires | On the Money

Why visas don’t apply to Elon Musk & other billionaires | On the Money | CRED

Рет қаралды 132,183

9 ай бұрын

Your nationality is a matter of luck.
But you can definitely choose which country's passport you wish to adopt.
If you have the net worth to afford it, that is.
00:18 - High net-worth citizens and their passport power
00:27 - The power of the Singaporean passport and how many countries you can visit visa free
00:36 - Germany, Italy and Spain rank in the passport index
00:47 - Where does the Indian passport stand?
00:55 - Golden Passport, citizenship by investment schemes
01:02 - How Peter Thiel acquired a New Zealand citizenship
01:26 - Why do HNIs prefer having a second passport?
02:03 - The allure of Dubai’s long term residency visa
02:20 - How global companies like Wizz Air are leveraging residency and investment schemes
02:39 - Public reaction to owning multiple citizenships
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Пікірлер: 83

@pratyushdas1459 8 ай бұрын

The video misses out on an important fact... Indians not allowed to have dual citizenship or two passports... They have to give up Indian citizenship.. Another important point missed is that having some strong visas like US, UK and Schengen makes your passport stronger and allows visa free access to many countries.

@tamaghnanag491 7 ай бұрын

You don't even need Schegen, I have a British Residency and a long-term US visa and it allows me to travel to a lot of countries.

@mvalthegamer2450 7 ай бұрын

But India does have OCI.

@studyroom5310 9 ай бұрын

Cred is now a Content Company! I am loving it! 😂😂

@imbikramsaha 9 ай бұрын

They are copying Ted Ed style

@primenumberbuster404 7 ай бұрын

@@imbikramsaha WSJ

@ishaanrajpal273 9 ай бұрын

CRED launching a visa solution?

@thesahilk 8 ай бұрын

What you forgot to mention is that India doesn’t support dual wielding of passports. So if you take another you give up Indian passport.

@xyzgta 8 ай бұрын

seeing this video is like bookmarking that 30 Crore Bandra apartment in magicbricks thinking "one fine day.."

@Khaja_966 8 ай бұрын

pro tip: you can travel anywhere you want if you just acquired more citizenships

@hereiamrakshith 7 ай бұрын

Damn! The amount of content in two minutes 🔥 impressive.

@AJ12Gamer 8 ай бұрын

I'm not going to lie. The NARRATION is perfect.

@SaahilPoonawala0206 9 ай бұрын

This video is so so so so so so so good! Thank you for this piece of information. Love what cred's doing❤

@euclidesfernando16 7 ай бұрын

Coming from a weak passport country (Angola) and dating a strong passport holder (Australian) has been a bit difficult when it comes to travel, I need a visa to go everywhere but my girlfriend barely needs it, we decided to move to Europe because it’s easier to move around here but we still facing some issues when it comes to go out of the Schengen area.

@user-ji2gh7co9f 6 ай бұрын

Crazy right I was denied a tourist visa to Australia our country sucks(Angola)

@euclidesfernando16 6 ай бұрын

@@user-ji2gh7co9f guess what? I was also denied a tourist visa to Australia last year. 😂😂

@user-ji2gh7co9f 6 ай бұрын

@euclidesfernando16 The whole world is racist to africans smh they keep us in puppet regimes while taking our natural resources f*cking our economy up then have the audacity to say no to us when we try to run away from the shitshow created by them 😒 been lucky enough to traveled the world and in the end we're all humans hope you're okay wherever you are brother keep pushing 🙏

@sriharsha825 8 ай бұрын

What is your company's business model and what is the point of this?

@h1rak439 9 ай бұрын

But is that possible in the case of India? Personally,I think our citizenship laws must change for the good, Specially when we have one the largest diaspora across the globe!

@zytrik1 8 ай бұрын

I think that if you’re from Goa you could obtain the Portuguese nationality

@hrishiksh 8 ай бұрын

@@zytrik1* only if you can prove your ancestors were Portuguese

@50rupees75 8 ай бұрын

@@hrishiksh No I think it's applicable if you prove that your parents or grandparents or forefathers lived when the portuguese ruled goa. The ones who lived during that time can apply for a portuguese citizenship and you will be eligible after they become citizens and if those people are already dead then you can't do anything

@Kids11111 7 ай бұрын

But why? How does India benefit from giving multiple nationalities to Indian citizens? Do not confuse selfish benefit to diaspora with benefit to India.

@zytrik1 7 ай бұрын

@@Kids11111 It’s not about the benefit for India, it’s about the personal benefit. An average individual with Portuguese nationality would have better opportunities for a comfortable life than that of an average individual with Indian nationality.

@maniesh 8 ай бұрын

Dual citizenship also means double taxation, but if you're rich enough to take advantage of tax loopholes it doesn't make a big difference.

@gteixeira 7 ай бұрын

Depends on the citizenship. As far as I know, only US citizens are taxed by citizenship, rather by residence.

@mvalthegamer2450 7 ай бұрын

No, it doesn't. Except for US and Eritrea, no other country charges by citizenship. In fact, many citizenships are used exclusively for tax breaks

@eliehalimi 7 ай бұрын

No it doesn't. I'm a dual national and while I do have to declare my income in both countries (and that includes the US), I only pay taxes in my country of residence. @maniesh

@pppinto97 9 ай бұрын

What was the point of this?

@rajat0610 8 ай бұрын

exactly

@ankansenapati3600 8 ай бұрын

Be rich

@realSamarthT 8 ай бұрын

😂

@Johnwasborn 8 ай бұрын

@@user-we8hi4yu6 “be born rich lol”

@alexia9415 7 ай бұрын

Nah not even “be rich”. The clickbait rich title isn’t even relevant. I’m not a millionaire and I could wake up today and go live in London for half a year. Singaporean with a Singapore passport here. I guess maybe the point was buying dual citizenship but that’s not really linked to Elon Musk etc… The American passport is powerful enough on its own, and if he tried to get access to an even more powerful passport like Singapore or Japan, he couldn’t because those countries don’t usually allow dual citizenship.

@adityaacharya1799 8 ай бұрын

Actually they do apply to billionaires.

@mthokozisimyende787 8 ай бұрын

"traveling internationally without restrictions" - Ey there's actually a lot to unpack with this topic Very nice video, love the content

@ved3275 8 ай бұрын

Cred after taking vc money becoming a youtube channel

@Nabee_H 8 ай бұрын

I've never been anywhere except the US and Canada. My passport supposedly lets me go anywhere but my money doesn't 😅

@moulikshrivastava8157 8 ай бұрын

And how is cred involved here?

@patelfalak 9 ай бұрын

💯

@MuhammadHamza-wj4ev 7 ай бұрын

So I have to be super rich. Git it. Money does buy freedom and happiness.

@tam504 8 ай бұрын

But doesn’t our constitution forbids us for having dual citizenship.

@cupcakescanfly 8 ай бұрын

So you guys making contents now?

@furiousninja133 7 ай бұрын

Unlike billionaires, average person doesnt require a visa in their life

@furiousninja133 7 ай бұрын

@HOUOUIN_KYOUMA_001 90% of peep in my country will never go to other countries for any purpose whatsoever

@wlqpqpqlqmwnhssisjw6055 9 ай бұрын

nice video but better to make these videos in hindi, coz there are many animated videos on this in English

@aniket1956 9 ай бұрын

na english better

@ShreyashPatil1811 9 ай бұрын

English is the Language of Prosperity. If you want to Prosper Learn English.

@wlqpqpqlqmwnhssisjw6055 9 ай бұрын

@@ShreyashPatil1811 I can speak English fluently and understand it , but I want this type of videos ,to get huge attention and wants average Indians to get aware on these stuff

@krozz6634 9 ай бұрын

then tell them to learn English

@ShreyashPatil1811 9 ай бұрын

@@wlqpqpqlqmwnhssisjw6055 bhai aise videos dekh dekh ke hi English sikhenge wo log bhi jinki aap baate kr rahe ho and i am also one of them and i also became fluent in Understanding & Writing English not fluent in speaking till now but this is how everyone learns and Cred is not making these videos for mass market even there product is also for the Elite 5% so i don't think they will do so. But Anyways now a days you can switch to Hindi Audio in KZfaq but it isn't available for every video i think.

@verainsardana 8 ай бұрын

Cred doing everything except make money

@Abhi-tp6dk 8 ай бұрын

the video doesn't answer the question

@zealousprogrammer4539 7 ай бұрын

Why would not Elon Musk be Visa free? He is a billionaire who can afford his meal, roof and a wealthy medical insurance he is not a burden to any country he travels.

@sachkadwahai271 8 ай бұрын

My latest video is about this. Not everybody is a Peter theil or an Akshay Kumar

@jk484 7 ай бұрын

This has nothing to do with Musk being a billionaire. Anyone with one of those passports can fly to those 193 countries and enter visa free The Wizz Air has started flights from Malta part was kind of random