When it comes to economic citizenship, should you make a donation or buy real estate?
If you’re not familiar with the term, citizenship by investment is a quick way to get a second passport in a matter of a couple of months in exchange for an investment.
For Westerners, Caribbean second passports are usually the ones that make the most sense.
Second citizenship is a great insurance policy, especially if you’re living in a country that has strict and encumbering tax policies.
In order to obtain a second passport, you’ve got two options – you can either make a donation, you can buy real estate, and more options are popping up around the world, too.
In Nomad Capitalist there’s always interest in unique economic citizenships, and keeping your options open is always a good thing.
Pay attention to how these programs are marketed though because some of them often offer perks that you don’t have if you actually live in your second-citizenship country.
So, should you buy real estate and make a donation? Watch the video to find out Andrew’s take on the situation.
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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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