The Wrong Reasons to Get Second Citizenship

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Dual citizens enjoy certain benefits, such as the ability to live and work freely in two countries, own property in both countries, and travel between the countries with relative ease.

As a dual citizen, you are allowed to carry passports from both countries, and you can travel more easily between these two countries. Having a citizen's passport eliminates the need for long-stay visas and any questioning about the purpose of your trip during the customs process. It also guarantees the individual in possession of two passports the right of entry to both. This can be especially beneficial if you have a family to visit in both countries, or if you are a student or a businessperson who either studies or conducts affairs in both countries.

But there are some wrong reasons and myths and Andrew will debunk them in this video.

00:00 Start
00:30 Why Do You Need a Second Passport?
1:57 North Macedonia Citizenship Investment
3:01 Moldova Citizenship by Investment Program
3:25 North Macedonian Passport
3:57 Visa-Free Travel
6:41 Tax and Business Advantages
9:48 Real Estate Investment
11:56 Turkey citizenship investment
12:47 China's Economy
13:35 Security for Family

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".

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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.

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.

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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.