How the USA Passport Ranked 41st

Check out The Nomad Passport Index 2022: The World's Best Passports
https://nomadcapitalist.com/nomad-passport-index/

And her is our Passport Index on CNBC:
https://www.cnbc.com/2022/03/2....9/which-countries-ha

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Dual citizenship serves as both an insurance policy and a method of unlocking new opportunities.

While we're not conspiracy or doomsday theorists, we think that having a backup plan is essential, and having a plan B passport can be a sort of insurance policy against invasive new laws or government instability.

If you spend your entire life living in the United States and being a U.S. citizen, you may think that your passport is number one among all passports. But yet again Nomad Passport Index said that it's far from true. Under U.S. tax law, all citizens are obligated to pay tax on their worldwide income – even if their primary residence is abroad. Citizenship-based taxation forces all U.S. passport holders to pay tax every year by virtue of being U.S. citizens. This is one of the main reasons why people are trying to find the" American dream" in countries with better tax systems.

In this video, Andrew explains why The USA passports ranked 41st.

00:00 Start
1:15 The World's Most Powerful Passports in 2022
3:35 U.S. Passport
4:34 Cyprus Passport
5:00 Emirati Passport
5:31 Polish Passport
5:34 Malaysian Passport
6:49 Passport Portfolio

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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.

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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.