Your perfect Plan B: Second Residence OR Second Citizenship?

Check out The Nomad Passport Index 2022: The World's Best Passports <br>https://nomadcapitalist.com/nomad-passport-index/ <br> <br>Join Our Email List and be the First to Hear about Breaking News and Exciting Offers <br>https://nomadcapitalist.com/email <br> <br>Get on the waiting list and join us for the next Nomad Capitalist Live: <br>www.nomadcapitalist.com/live/ <br> <br>Here at Nomad Capitalist, we always recommend having a plan B, an escape plan, and a set of options to not be stuck in your country. One of the best ways is to obtain a second residence and second citizenship. <br> <br>Obtaining a second residence is often one of the easiest and quickest steps that you can take to legally lower your tax bill, open up new investment markets, and enable yourself to live abroad if you so choose. It's the ‘vanilla' of the Nomad Capitalist world. <br>But that doesn't mean that it's so plain, easy, and cheap that everyone can just get up and do it. <br>It takes careful planning and plenty of effort. <br> <br>In Western countries, they are implementing many of the changes that the politicians on the fringes have talked about – taxes on millionaires, wealth taxes, and even retroactive and extra-territorial taxation. With the political and social changes that are occurring throughout the world, it would be wise for any high-income citizen of a Western country to get a second passport. <br> <br>Which one is better for you? in this video, Andrew answers your question. <br> <br>00:00 Start <br>00:50 Most Common Reasons for a Second Residency <br>02:57 Citizenship Is Better Than Residency <br>07:00 Renew Expired Passport <br>07:56 Global Crisis <br> <br>The Nomad Capitalist is the world's most sought-after expert on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to &quot;go where they're treated best.&quot; <br> <br>Nomad Capitalist has created and implemented plans for 1000+ clients and helped them to go offshore, keep more of their wealth, and enjoy an unprecedented level of global freedom. Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. We've built our team around our holistic approach to serving the needs of globally-minded entrepreneurs and investors. <br> <br>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. <br> <br>About Andrew: https://nomadcapitalist.com/about/ <br>Our Website: http://www.nomadcapitalist.com <br>Subscribe: https://www.youtube.com/subscr....iption_center?add_us <br>Buy Andrew's Book: https://nomadcapitalist.com/book/ <br> <br>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.