Discover the Truths of Dual Citizenship

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Dual citizens enjoy certain benefits, such as living and working freely in two countries, owning property in both countries, and traveling with relative ease.

Not every country recognizes dual citizenship, and you may need to renounce your birth citizenship to become a citizen of a new country.

Drawbacks of being a dual citizen include the potential for double taxation, the long and expensive process for obtaining dual citizenship, and the fact that you become bound by the laws of two nations.

Do you want to know more? You can discover the truths here.

In this video, Tijana, our strategy associate shares all the pros and cons of Dual Citizenship.

00:00 Start
0:54 How You Can Get a Second Passport
1:30 Pros of Dual Citizenship
5:24 Citizenship-Based Taxation
6:03 Mandatory Military Service
6:51 Maintaining Passports
7:18 Offshor eBanking Setup

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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.

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.