The Best Citizenships by Investment are something Andrew knows and writes about constantly.
Here are the best citizenships by investment programs that you will find and what you need to know about them.
Andrew will share some thoughts about economic citizenships and specifically about a new index that came out recently.
CBI Index ranks economic citizenships from the very best to the ones that aren’t profitable at all.
Andrew will talk about what he likes about the Index and other significant thoughts he has.
Citizenship by investment programs allow you to invest a certain amount of money and obtain citizenship of the country.
What’s interesting is that in the Top 5 best citizenships were all Caribbean passports.
#1 was Dominica
#2 St. Kitts and Nevis
The CBI Index also takes into consideration Quality of Life – which is not a relevant category. When you get i.e. a Dominican passport, chances are you won’t be living there, which is what makes this CBI criterion quite unimportant.
The main issue is that many experts in the area don’t really take into consideration the holistic picture of a person.
In Nomad Capitalist we take into consideration every person’s individual perspective and needs, as that is the only way for the clients to get what they want and need.
Why you are changing your passport is an important question. Different people have different reasons why they need a second passport.
It can be travel freedom, an option to renounce the US citizenship or other problems in their home country. Each predicament has a different solution.
Building a passport portfolio is important.
Understanding your particular situation is important.
Andrew believes that most ranking Indexes out there don’t take all of these aspects into the account.
Also, a lot of them continue to list programs that don’t really exist (like Austria).
Just to clarify – Austria has a citizenship program by exception.
This means that the government can naturalize anyone they want, so it’s definitely not an economic citizenship program.
Andrew believes that the CBI Index is a good start when it comes to informing more people about the possibilities of getting a second passport, but there’s still a lot of ground to cover.
Your individual situation is the most important aspect of choosing a second passport.
The best passport for you may easily not be the best passport for the general public.
This is something you should definitely keep in mind when choosing a second passport!
For more information, check out our article:
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.
About Andrew: http://www.nomadcapitalist.com/about/
Our website: http://www.nomadcapitalist.com
Our blog: http://www.nomadcapitalist.com/blog/
Work with Andrew: http://www.holanomad.com/