Home European Citizenship What to Ask When Getting European Citizenship

What to Ask When Getting European Citizenship

“Are you looking into getting a second citizenship and a second passport from a European country? Here are some questions to ask yourself.

What are the perks of living in Europe? What are the risks? Do you really need to become a European citizen? In this video, Andrew discusses getting dual citizenship in Europe and what you need to think about before starting the process.

Are you overpaying for a second citizenship or second passport? There are many different countries and many different methods for becoming a dual citizen.

There are five ways to become a European Citizen: citizenship by investment, residence by investment, citizenship by descent, naturalization, and fast-track naturalization.

Moving overseas or investing globally is a big decision. European citizenship could be a way to lower taxes, but is it the best decision for you? Go through this video and ask yourself these questions before you get started.

Did you decide a European citizenship is the one for you?

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.

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27 COMMENTS

  1. I am considering claiming my Italian citizenship… My fear is that by the time I have it, the rules will have changed and it could become a liability, coupled with the fact that I have zero interest in Europe and Italy…

  2. What are the various benefits of European citizenship? Do the benefits only apply to high-income individuals or can people in the lower six-figure range gain any benefits from European citizenship?

  3. You can lose your Irish citizenship just by residing out of the country for some time? Wow. I checked it out and, yeah, you need to file a form declaring your intention to retain the citizenship. So you're not equal under the law – literally a second class citizen. Irish "citizenship" is more like the US green card, which gives you almost equal rights to the citizens but you can't just move to another country with it and neglect it without consequences. I know that Asian countries are not big on naturalization, but Ireland??

  4. Thanks Andrew. Re mm2h . Can you create a lauban company in stead and get a 2 yr work residence instead of mm2h deposits? Tax 3%.
    No min profit/turnover. Ur opinion?

  5. I’m getting my Portuguese citizenship, I’m from Mexico, if you have well documented ancestry or family history from 14/13 century until today, is not THAT hard. Also Spain gives citizenship after two years of residence there to citizens of Latin American countries and Filipinos.

  6. If someone has an EU passport, but not Spain, and then goes to live in Spain…how would this effect taxes paid to Spain? What if the person has another EU passport AND a Spanish passport – would this be any different tax-wise or no? Thanks Andrew.

  7. You've mentioned it a few times in the past but not anything up to date about Brexit for UK citizens. We're now in the position we can grab a residency in any EU country to maintain residency in at leat that country, but potentially gain citizenship a few years down the line (it seems this is a one off chance where the rules are relaxed uniquely for Brits, there will be no need for financial commitments). The question is, for Brits who can take their pick of 27 other nations to grab a residency before the end of the year, which might be best in regards to all the things you talk about – taxes, regulations, naturalising, and supporting the nomad capitalist lifestyle of relative freedoms or options?

  8. A lot of people do want to live in Europe with their citizenship. Its not always about travelling convenience but settling down with the family in a secure, good country. Of course you will fall into their tax net after 183 days and then a second citizenship doesn't help you.

  9. what are the countries that offer cituzenship by investment that has a double tax treaty with the u.s.? for me 2-3 years I'd like to include italy for my passport portfolio l.

  10. Thank you for the info Andrew! I truly want to live in Italy in the northern parts, I am a born and bred South African and as you know at the end off February 2021, if you leave SA for good you have too give your ID back too SA, our beloved country 😔, but for me the situation has become unbearable and I need to leave. What would be the fastest and cheapest way to get into Italy. I think you have a good idea off our new laws that is coming into effect February 2021.

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