Let’s talk about reasons crypto investors need a second passport and residency offshore.
If you’ve delved deep into cryptocurrency and invested a lot into accumulating crypto wealth, it is of vital importance to protect your finances.
Getting a second passport or a second residency is one of the best insurance plans that you can have.
As a US citizen, you are allowed to have a second citizenship, but here’s how the government makes it more difficult for you to do so:
In this video, I want to talk about 5 reasons why crypto investors should seriously consider getting a second citizenship, so keep watching.
00:52 Reason 1 – Opportunity cost
01:57 Reason 2 – Tax exposure and tax enforcement on cryptocurrency
3:50 Reason 3 – Uncertainty – more regulations and how are they going to impact your ability to hold cryptocurrency assets
4:48 Reason 4 – Liquidity – how the banks are going to behave with these new regulations
5:06 Reason 5 – Keep watching the video to find out!
For US citizens, having a second passport as a crypto investor is a must as a foolproof exit strategy that could save you millions.
There are options to get a second passport in a matter of months, which is particularly valuable if you’re a US citizen because it prevents you from losing money every month.
And when you need help to come with a (pro)active strategy you can hold in your back pocket, head out to our website to find out how we can help.
Subscribe to our channel for more info on leading Nomad Capitalist Lifestyle!
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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 Youtube 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.
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