Home European Citizenship Do you Really Need to Get an EU Passport?

Do you Really Need to Get an EU Passport?

For some reason, Americans, Australians and others who want to renounce their citizenship believe they should replace it with a European passport.

Namely, there has always been this aspirational feeling about Europe, as a cool place to live in, but is it really like that?

People also think it’s relatively easy to get an EU passport and that is somewhat true, in case you’re applying for citizenship by descent – in Italy, Ireland or some other country.

However, you’ll still have to pay pretty high taxes, learn the language, etc, so if you just want to keep things simple and live a relaxed offshore life – the EU is definitely not the answer.

At the end of the day, if you really want to live in Europe, you can always get a residence permit or a Golden Visa.

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Andrew Henderson is the world’s most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to “go where they’re treated best”.

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Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.

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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.

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22 COMMENTS

  1. There is no such thing as a EU passport. Only a passport of a Sovereign State that just so happens to be in the EU. If that sovereign states leaves the EU, you leave as well. The EU is not the United States of Europe! Some EU countries are not even in the schengen zone nor do they use the Euro nor are they in Nato and they all speak different languages and have different requisites in becoming a citizen, so it all depends in what European country you so wish to join. There is no EU passport and the European Union is not a federation nor a state. Damn Americans when will you learn.

  2. I’m from Argentina but have also Spanish passport because of my ancestors, I think it’s good because when I studied in France didn’t have to get a visa and stuff, made my whole stay much more relaxed

  3. second world what…WTF… I'd think that America is going to become unbearable to live in with everything that is going there…

  4. I've got one through my dads birth in Ireland and also qualify through my Italian grandparents. I'm dual citizen USA & Ireland (EU) and working on the Italian passport.

  5. Another reason to get an EU passport is to work at the EU in a highly paid job with excellent vacation benefits and virtually unlimited paid sick leave. An EU employee has the luxury of traveling and discovering the world on the public dime.

    I call this the Nomad Socialist lifestlye.

  6. Andrew this is s good video, I would lile to just point out one thing. When you mentioned your friend geeting a EU passport. The thing is you do not need to go dull EU citizeship for living, working, travel in EU. The EU residence permit alow you to do the same, there are many EU people who use their residence card to travel including flights and border control, work, study as well as claim social benefits based on residemcy permits. Hence the IT passport has its advantages outside of EU though.

  7. Great video I agree with the notion that, EU is filled with bureaucracy and higher taxes. However in my case I think that for me getting a Spanish passport won’t be too difficult cause of my grandparent plus I know the language. It’s a decision I would like to make then from renounce my US citizenship. I’m also a citizen of Mexico.

  8. Great video Andrew. What if someone already has a carrabbian citizenship as his 2nd passport now for 3rd passport which way to get eu citizenship is better? By investment or golden visas or any other way?

  9. I'm working on mine at the moment. Simply, obtain a job in the Netherlands for example which will provide you with a 5 year residence visa as a highly skilled expat, would be the most cost effective manner with little self administrative duties as the employer will handle these tasks for you.

  10. EU passport needs a lot more research.

    I believe it depends upon one's priority and needs.

    Countries which have very good systems (Nordic countries, Netherlands,Switzerland and some more that I may have missed) have difficult conditions to get their citizenship and expensive to sustain (high taxes possibly on worldwide income, staying conditions) (I may be wrong so feel free to correct me).

    Sincerely I think, first address your priorities and needs and then thoroughly research to get the country of your suitability.

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