Not Every Residence Becomes a Second Citizenship

    What’s the difference between residence and citizenship? Watch to find out.

    Permanent residence vs citizenship? In this video, Andrew discusses the difference between residence and citizenship and how a residence may or may not lead to a second citizenship.
    Having a residence permit can allow you to live, bank, invest, and do business in a country and can sometimes put you on the path toward citizenship. But there are many different types of residence permits.

    With a residence, you may still need to pay taxes but without the perks of citizenship, like having a second passport.

    1:19 Have you heard of the Portugal Golden Visa? There are many different programs for how to get citizenship in Europe, such as the Ireland investor visa
    6:56 Learn what the requirements are.
    5:02 What’s a paper residence? Some countries don’t require you to actually live in them.
    8:26 Citizenship through residency isn’t always guaranteed. Consider other paths to citizenship such as citizenship by investment.

    The path to citizenship is often changing. What are you risking by waiting?

    Andrew Henderson and the Nomad Capitalist team are the world’s most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.

    Work with Andrew:

    Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

    Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we’ve spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.

    About Andrew:
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    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.

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