Home Residency in Schengen Why you should NOT get an EU passport

Why you should NOT get an EU passport

Why should you not get an EU passport?

This question sounds a bit counterintuitive, but give yourself an opportunity to review all aspects of the matter before you jump to conclusions.

A lot of people seem to be wanting to get an EU passport at the moment. But, would that be the best option for people who live the Nomad Capitalist lifestyle?

Getting an EU citizenship seems like the most obvious choice when you’re looking for that perfect second passport, but things aren’t as black and white as they seem.

When you’re looking into the perfect second citizenship, there’s a lot more to consider than just visa-free travel, and Andrew addresses this topic in the video.

If you are willing to be patient, and invest a lot of money and time, deal with hassles, then it is a great opportunity for you.

Watch the video to better understand why getting an EU passport might not be a good idea for people who want to avoid all the waiting around, dealing with a significant amount of bureaucracy and being stuck in one country.

Want more insight? You will like our article on the subject:

Stay tuned for more videos and information about second passports, offshore strategy, reducing your taxes and going where you’re treated best.

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ABOUT NOMAD CAPITALIST

Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.

Andrew started Nomad Capitalist to help people like you follow his five magic words: “go where you’re treated best”. He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.

He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.

As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.

Nomad Capitalist’s Youtube channel is based on Andrew’s vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.

About Andrew:
Our website:
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Work with Andrew:

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33 COMMENTS

  1. Hello from the year 2021. We are pretty locked here in EU with all these lockdowns. Governments are just getting nuts and get more debt on our necks.
    Pretty frustrated as I cannot leave the city to travel to another city (Czechia). I Wish I knew about Carribbean way earlier.

  2. Hi I’m an Italian born national but living in the US , I became a US Citizen in 1985.
    I heard traveling to Europe will now require a visa, what must I do to once again have an Italian passport??

  3. I think most people don't see the value of the EU. Its not the US. In the US, the taxes may not be worth it. But in countries like Germany, the taxes are worth it. You are guaranteed human rights. Prison is rather a place which will give you the tools to become a better citizen when your sentence is over, education is free, so is healthcare. Low police, friendliest police in the world. Lowest corruption in the world. The taxes are not like the US. Here the taxes are worth it. Your getting the best of the world in return for your taxes. The system works. If you ever want to restart when shit hits the fan, the EU system offers their citizen plenty of different means to get back up. You cant put a price on your human rights. Every bit of tax is worth it in Germany, compared to say US, Russia, China or India – those systems are not on par with the socialist free market system. What you get in return in the EU, in terms of the court, law, low gun violence, great education system …. could you really complain about taxes? Really?

  4. Turkey's Water dams builder construction holding Dogus Holding İnc owner Ferit Sahenk from Niğde Turkey, had decided to open up, inaugurate big, joyfull Nevada Las Vegas Restaurants employing hundred USA staff and become American citizen in tax haven Zone of Nevada.

  5. During 1970's we , both of my turkish passport holder parents were Medical doctors with gynecology, pediatrician specialties and with nice wages we could purchase whatever we could; brand New cars , foreign made toys, New and expensive clothes, Private Schools' tuition and fees without any hassle in Ankara Turkey. But after turkish Governments investments in 590 water dams, 3600 kms of motorways connecting 23 cities in Turkey, civil engineers and construction company owners have accumulated enormous wealth in Turkey, some of them immediately have left to become Paris France citizen, Cem Uzan by purchasing 20 million euros 5+1 apartment in 1st arrondissement nearby the Seine river. Caroline Koç, wife of Mustafa Koç had got her inheritences from Koç Holding , the biggest holding in Turkey and had left İstanbul to Miami Florida with billions of usds. We, parents are pensioners and due to huge devaluations in turkish lira, my parents cannot afford to purchase New cars, renovate our apartments. Suzan Sabancı owner of Akbank İnc had decided to become Malta citizen instead of everytime taking 20 days tourist visas and give all your credentials in person to EU consulate which is cumbersome. Suzan Sabancı has 500 million USD net worth , CEO of Akbank İnc.

  6. My parents came from Austria and Poland… I'm currently in the process of confirming my citizenship by descent/ancestry in both countries and thus getting passports for both countries. 🇵🇱🇦🇹

  7. I was born in Serbia and was adopted by an American mother and a dual American-Irish father. I obtained both US and Irish citizenships through my adoptive father and was able to retain my Serbian citizenship too. As a result, I have 3 passports/citizenships and lots of options 🙂 🇷🇸🇺🇸🇮🇪🇪🇺

  8. interesting. I got a uk passport and hong kong pr. I want to split my time between hong kong and Gibraltar. both cities are comparatively low in tax. the problem of eu is that they have a very high tax rate because of their social benefits. if you are millionaire, you would carefully think about it.

  9. I'm a american,my,grandfather
    Is from Portugal I want my citizenship there my grandmother's dad is from Germany I want one there too to travel, live, get any benifits there of

  10. Nope, I usually allow the EU Passports for me to keep for the future of Global Citizenship Matters. When it comes to the European Parliament, I take the exclusive membership of the European Union Passport because it's 100% more powerful, productive, official, invincible, and important than just without it and non European Passports. Countries that are not a official member of the Parliament are the wast of time of being a trouble hasstels in the push over limit. It's the destiny of the outsiders. Which is bad. nonsense, and unpredictable. They usually do things the hard way of surviving the game. Lose of Failing and destine to stay behind. Insiders are due overs and they doubt have to worry about a thing when being a member of the bosses and Leaders for the future of being the greatest of all time.

    Andrew Handerson. You reared my mind on what I really want in the Global National Agency. You got it ,bro. Thanks.

  11. Let's be real – if you find out that you qualify for an EU passport, just get it. Sure, it might be a bit of a hassle, but the earlier you get it out of the way, the better. I recently got my German passport and plan to head to Spain pretty soon. Freedom of movement within the EU is a godsend!

  12. You’re NOT right. To have the eu citizenship you just must have the citizenship of an eu member state. Each member state has its own policies concerning how to get the country’s citizenship. The eu does NOT give the citizenship because it can’t do that, it’s member states which give theirs and in consequence, the EU’s.

  13. Third option to getting an EU passport is Juris Sanguis. Of course qualifying is pretty much like hitting the citizenship lottery. If you are one of the lucky few, it could take as little as several weeks to have an EU passport. N.B. Expect to jump some hoops.

  14. I have a German passport since I've been born here. Since the German passport is the strongest after Japan and Singapore, would you think that it would make sense for me to obtain a second citizenship at all? I've also heard from other people that you have to give the German immigration authority a really good reason why you need the other citizenship and why you should be allowed to keep the German one because Germany apparently allows dual citizenship but isn't the biggest fan of it.

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