Fastest Citizenships WITHOUT Investment in 2024

Wealthy Expat
11 Feb 202407:35

Summary

TLDRThis video discusses strategies for obtaining a second citizenship quickly without investment. It highlights countries like Argentina, Peru, and the Dominican Republic, where residency for two years can lead to citizenship. Special mention is given to Argentina and Brazil for immediate citizenship through birth. The video also touches on lesser-known options like Paraguay and Armenia, and emphasizes the benefits of a second passport for tax reduction and freedom. It concludes with an invitation to join the Wealthy Expat Private Mastermind for further insights.

Takeaways

  • 🌍 The fastest countries to obtain a second citizenship without investment include Argentina, Peru, and the Dominican Republic, each requiring two years of residency.
  • πŸ‡¦πŸ‡· In Argentina, citizenship can be obtained in two years, with potential improvements under Milei's administration, but it's important to consider the economic and safety situation.
  • πŸ‡΅πŸ‡ͺ Peru offers a less known but valuable passport with citizenship possible in two years, and is renowned for its cuisine and tourist attractions like Machu Picchu.
  • πŸ‡©πŸ‡΄ The Dominican Republic can grant citizenship in two years without investment, or faster through real estate investment, but it's considered less livable compared to Argentina and Peru.
  • πŸ‘Ά Citizenship can be expedited in Argentina and Brazil by having a child there, allowing the parents to claim citizenship shortly after the child's birth.
  • 🏠 Paraguay is an option for those seeking a low-profile residency, with citizenship possible in three to seven years depending on the residency process.
  • πŸ‡§πŸ‡΄ Bolivia, Honduras, and Paraguay are other options for citizenship in three years, though each comes with its own set of challenges and considerations.
  • πŸ‡²πŸ‡½ Mexico is recommended for its livability and can grant citizenship in two years, and is known for its diverse landscapes and cities.
  • πŸ‡¨πŸ‡΄ Colombia and Nicaragua are other options, with Colombia offering a solid passport and Nicaragua being less recommended due to safety and livability concerns.
  • πŸ‡¦πŸ‡² Armenia can provide citizenship in three years and is located in a region that might offer strategic benefits, though it has its own set of challenges.
  • πŸ”’ Brazil and Panama are interesting options for those who wish to avoid extradition, with Brazil offering this benefit to native-born citizens and Panama being a desirable location for its passport and banking opportunities.

Q & A

  • What are some countries where one can obtain citizenship without investment by spending time in the country?

    -Argentina, Peru, and the Dominican Republic are countries where one can obtain citizenship within two years by residing there. Additionally, Bolivia, Honduras, and Paraguay offer citizenship after three years of residence.

  • How does the process of obtaining citizenship in Argentina differ for different nationalities?

    -In Argentina, some nationalities may face challenges in obtaining citizenship within two years. For instance, individuals from India, China, or Russia might experience delays, whereas those from the US, UK, or Spain are more likely to receive citizenship promptly.

  • What are the benefits of obtaining a Peruvian passport?

    -A Peruvian passport allows visa-free travel to over 130 countries and is part of the MERCOSAUR trade bloc. It is not associated with a negative reputation and is considered a good option for those seeking a less conspicuous second citizenship.

  • What is special about the Dominican Republic's citizenship by investment program?

    -The Dominican Republic offers citizenship within six months through a real estate investment. Without investment, one can obtain citizenship after living there for two years.

  • How does giving birth in certain countries expedite the process of obtaining citizenship?

    -In countries like Argentina, Brazil, Costa Rica, and El Salvador, if a child is born there, the parents can claim citizenship for themselves within a short period after the child's birth, often a matter of weeks.

  • What are the potential drawbacks of living in Honduras according to the transcript?

    -The transcript advises against living in Honduras due to high crime rates, suggesting that it is not a recommended place to reside unless it's in the Roatan Islands.

  • What are the advantages of obtaining citizenship in Paraguay?

    -Paraguay offers a path to citizenship ranging from three to seven years, depending on the individual's profile and method of obtaining residency. It is part of MERCOSAUR and offers a good passport, making it suitable for those seeking a low-profile residency.

  • Why is Mexico highlighted as a good option for obtaining citizenship?

    -Mexico is recommended for its rich culture, diverse landscapes, and cities. It offers a path to citizenship within two years and is known for being a great place to give birth, which can expedite the citizenship process.

  • What is unique about Brazil's citizenship in terms of legal protection?

    -Brazilian citizens are generally not extraditable to other countries, providing a unique legal protection. However, this typically applies to those who are native-born or have Brazilian parents.

  • Why might someone consider obtaining citizenship in Armenia despite its challenges?

    -Armenia can offer citizenship within three years of residency and might be considered by those who are interested in the region, despite its current war situation and the perceived unfriendliness of its people.

  • What is the Wealthy Expat Private Mastermind mentioned in the transcript?

    -The Wealthy Expat Private Mastermind is a free private group launched by the speaker, where individuals can ask questions about residency and citizenship programs, meet tax experts, and participate in weekly Q&A calls.

Outlines

00:00

🌍 Fast Citizenship Options Without Investment

This paragraph discusses the fastest countries to obtain second citizenship without the need for investment. It highlights Argentina, Peru, and the Dominican Republic as countries where one can gain citizenship in two years by residing there. Argentina is noted for its potential future improvements and livability, despite current economic and crime issues. The paragraph also touches on the racial bias in citizenship granting, favoring citizens from the US, UK, or Spain over those from India, China, or Russia. Peru is described as a less known option with a beautiful landscape and a good passport, being part of MERCOSUR and offering visa-free travel to over 130 countries. The Dominican Republic can grant citizenship in six months through real estate investment or two years of residence. The paragraph also mentions that citizenship can be expedited in countries like Argentina, Brazil, Costa Rica, and El Salvador by having a child there, which automatically becomes a citizen and allows the parents to claim citizenship shortly after. Other countries like Bolivia, Honduras, Paraguay, and Mexico offer citizenship in three to five years, with varying livability and passport quality.

05:01

🌐 Citizenship by Residence and Birth

The second paragraph continues the discussion on obtaining citizenship through residence and birth. It mentions that Armenia offers citizenship in three years, despite its ongoing war and less favorable living conditions. Brazil is highlighted for its non-extradition policy for native-born citizens, which may not apply to those who naturalize. The paragraph also notes that Panama, known for its strong passport, can grant citizenship in three years to children born there. The speaker then contrasts these options with the longer timelines in other Latin American countries and European nations, which typically require five years or more. The paragraph concludes by promoting the Wealthy Expat Private Mastermind, a free private group for discussing residency and citizenship strategies, and a secret strategy for obtaining second citizenship in a dream country.

Mindmap

Keywords

πŸ’‘Second Citizenship

Second citizenship refers to the status of a person who is a citizen of more than one country. It is a common theme in the video script as it discusses various ways to obtain a second passport without investment. The video mentions countries like Argentina, Peru, and the Dominican Republic where one can potentially acquire second citizenship by spending time in the country or through birthright.

πŸ’‘Citizenship by Investment

Citizenship by investment is a program where individuals can obtain citizenship in a country by investing in that country's economy, typically through real estate, government bonds, or business ventures. The video script contrasts this with obtaining citizenship through descent or birthright, highlighting that some countries offer faster paths to citizenship through investment.

πŸ’‘Citizenship by Descent

Citizenship by descent, also known as 'jus sanguinis,' is a legal principle that allows individuals to claim citizenship based on ancestry. The video script suggests that if one has ancestors from a country with a good passport, it can be an easy route to obtaining a second citizenship.

πŸ’‘Argentina

Argentina is highlighted in the video as a country where one can obtain second citizenship within two years of residence. The script mentions that while Argentina is a relatively livable place with beautiful landscapes, the ease of obtaining citizenship can depend on one's current citizenship, with certain nationalities potentially facing longer processing times.

πŸ’‘Peru

Peru is presented as an option for obtaining second citizenship within two years, with the added benefit of a lesser-known but strong passport. The video script praises Peru for its beautiful cities, landscapes, and cuisine, and notes that it is part of MERCOSAUR, offering visa-free travel to many countries.

πŸ’‘Dominican Republic

The Dominican Republic is discussed as a country where one can achieve second citizenship in two years without investment, or even faster through real estate investment. The video script describes it as a tropical country with a less quality passport compared to Argentina and Peru but notes its proximity to the United States and Canada.

πŸ’‘Birthright Citizenship

Birthright citizenship is a concept where a child automatically becomes a citizen of the country where they were born. The video script mentions Argentina and Brazil as countries where if one gives birth there, the child is automatically a citizen, and the parents can claim citizenship shortly after.

πŸ’‘MERCOSAUR

MERCOSAUR, or the Southern Common Market, is a regional trade agreement among South American countries. The video script notes that Peru's membership in MERCOSAUR is a benefit of obtaining a Peruvian passport, as it allows for visa-free travel within the bloc.

πŸ’‘Livability

Livability is a measure of the quality of life in a place, considering factors like safety, infrastructure, and environment. The video script uses livability as a criterion for evaluating countries for second citizenship, with Argentina and Peru being described as livable places with some concerns.

πŸ’‘Visa-Free Travel

Visa-free travel refers to the ability to enter a foreign country without needing a visa. The video script emphasizes the benefit of second citizenship in countries like Peru, which offers a passport that allows visa-free travel to over 130 countries.

Highlights

The fastest countries to obtain citizenship without investment include Argentina, Peru, and the Dominican Republic, all requiring two years of residence.

Argentina's potential for citizenship is influenced by the applicant's country of origin, with some nationalities facing longer processing times.

Peru offers a less conspicuous option for citizenship, with a beautiful landscape and a passport granting access to over 130 countries.

The Dominican Republic can provide citizenship in six months through real estate investment, or two years of residence.

Argentina and Brazil grant almost immediate citizenship to children born on their soil, with parents able to claim citizenship shortly after.

Bolivia, Honduras, and Paraguay require three years of residence for citizenship, with varying livability and safety.

Paraguay is an option for those seeking a low-profile residency, with a passport that is part of MERCOSAUR and offers certain freedoms.

Mexico offers citizenship in two years and is recommended for its diverse landscapes and cities.

Colombia provides a solid passport and a welcoming environment for expats, with citizenship possible in two years for children born there.

Nicaragua and Cuba are less desirable for citizenship due to safety and livability concerns, despite the potential for citizenship in two years.

Armenia can offer citizenship in three years, albeit with a less desirable passport and a challenging living environment.

Brazil and Panama, with their unique citizenship laws, can provide citizenship in four years or less, depending on birthright.

Most Latin American countries, with the exception of Armenia, offer the fastest paths to citizenship globally.

The Wealthy Expat Private Mastermind group offers resources and community for those interested in residency and citizenship options.

A secret strategy for obtaining second citizenship in a dream country is mentioned, hinting at exclusive methods used by top clients.

Transcripts

play00:00

- If you want to get

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a second citizenship, a second passport,

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what are the fastest countries around the world

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that you can get citizenship without an investment?

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Because we obviously have citizenship by investment

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and we have citizenship by descent,

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which you can get very easily.

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That I would recommend it to anyone if you have ancestors

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from a relatively good or really good passport country.

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Now, what are the countries where we can go

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and spend time in or give birth in,

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where your girlfriend or wife or you can give birth in,

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in order to get a fast second citizenship?

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Let's go over the ones that we can spend time in.

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And the first ones are Argentina, Peru,

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and Dominican Republic,

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all requiring two years to get a second citizenship

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or to get their citizenship.

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Now with Argentina, we have Milei.

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Things are looking like there will improve in the future.

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Now, the economy is in shambles. You have crime increasing.

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It's a relatively livable place.

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You have many different beautiful landscapes,

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many beautiful cities.

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But the thing with Argentina

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is that with some nationalities, they're a bit racist,

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and that's all over in Latin America.

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If you come from India, or China, or Russia,

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they might not grant you the citizenship within two years

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versus if you come from the US, or UK, or Spain,

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they will definitely grant it within two years.

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So, you have to evaluate

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based on which citizenship you currently have.

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If you're from the US or Canada,

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then Argentina is a great deal.

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You can get an easy rentista visa, retirement visa,

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and then get citizenship within two years.

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You can learn Spanish and you can adapt to the culture.

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If you want to go for a less on the radar option,

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way off the radar, Peru offers citizenship within two years.

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Lima, very beautiful city, although more dangerous

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than most other Latin American cities.

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You have Coishco. You have Machu Picchu.

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You have beautiful landscapes.

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You have a great passport

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that not that many people talk about.

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You can go to over 130 countries around the world.

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It's part of MERCOSAUR.

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It's not a passport that has a bad reputation

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or any bad things to it.

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People, when they look at a Peruvian passport, they think,

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"Okay, Peru, great, happy to welcome you into our country."

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And you have access to a pretty good chunk of the world,

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as well as obviously a great place for World War III.

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And Peru has the best food in the world,

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the best restaurant in the world.

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The best rate restaurant is actually in Lima, Peru.

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I thought it would be somewhere in Europe,

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or Italy, or France.

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It's actually in Peru.

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And many people say

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that Peru has the best food in the entire world.

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So if you're looking for a country that is not on the radar,

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that many people don't talk about,

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but you can get a fast second citizenship,

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then Peru is the place.

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And the last one, the Dominican Republic.

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You can get citizenship within six months

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by making a real estate investment.

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But if we're not talking about investing,

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then within two years by living in Dominican Republic,

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you can also get citizenship.

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Much less quality passport,

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a lot less livable than Argentina and Peru,,

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but very beautiful tropical climate

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and close to the United States and Canada.

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Now, if we're looking to shorten those timelines even more,

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Argentina actually gives you almost immediate citizenship

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if you give birth in

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or if your girlfriend or wife gives birth in Argentina,

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your son or daughter will be Argentinian.

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And then, you as the father or mother

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can claim Argentinian citizenship

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within a couple of weeks.

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The same thing happens in Brazil.

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If you give birth in Brazil, you have a child in Brazil,

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then you can claim that citizenship

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because your child is a born citizen.

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That's also a strategy that many people have used

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in Costa Rica, and El Salvador,

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and many other countries that give you expedited nationality

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based on your child born there and being a citizen by birth.

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Continuing on the list

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with the fastest timelines by living there,

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we have Bolivia, Honduras, and Paraguay at three years each.

play03:32

Bolivia, I won't really touch on it.

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Not that bad of a passport, but worse than all the others.

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And not that livable, pretty unsafe.

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Not a country you wanna live.

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Honduras. I would actually never recommend somebody

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to live there, unless it's in the Roatan Islands

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based on the crime.

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Crime in Honduras is insane,

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and there are some cities you do not wanna go to.

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There are some sections of cities

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that even the police doesn't go there.

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So definitely Honduras, I wouldn't put it on my list.

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Paraguay, on the other hand,

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I would put it on my list

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depending on your particular profile,

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depending how you got the residency.

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It's from three years all the way to five to seven years.

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So we can't say,

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"Oh, within three years you can become a citizen."

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In some cases it's five to seven,

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but Paraguay obviously great for World War III,

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great for people that are looking to live in someplace

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that is completely out of the radar,

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completely different than the western world

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that doesn't wanna control your life at all,

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is part of MERCOSAUR, has a pretty good passport,

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then that could be an option.

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And back to the ones, if you have a child there,

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we have Mexico at two years.

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Great country, definitely recommended.

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Great places to give birth.

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Many different cities, many different landscapes.

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I'm a citizen of Mexico, highly recommend it.

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Colombia, Nicaragua, and Cuba.

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Obviously not one you want,

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but Colombia has a solid passport.

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Many foreigners, many expats in Colombia.

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If you give birth or your wife or girlfriend gives birth,

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you can get citizenship within two years.

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Nicaragua, again, pretty dangerous.

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Not that livable.

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I would put it in the same category,

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although better than Honduras.

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And then an odd one out of all of this is Armenia.

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You can actually get citizenship in Armenia

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within three years of being a resident.

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Not that great of a passport, going through a war,

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very close to other countries that might enter a war

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in the future, so probably wouldn't recommend it.

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And to me, Armenia is not that livable.

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Pretty harsh place to live in.

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People are not that friendly in my personal experience,

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so would not recommend it.

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But I do have to say

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that if you want a quick citizenship within three years

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and you like that part of the world,

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then Armenia could work.

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And lastly, for four years to naturalize as a citizen,

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you have Brazil and again, as I mentioned, Nicaragua,

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Brazil is an interesting one because Brazilian citizens

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are not allowed to be extradited to other countries,

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but usually that applies to native born Brazilians,

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if you were born a Brazilian citizen

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or if your parents were Brazilian.

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So if you're looking to get that citizenship

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for that specific fact, I wouldn't get it for that.

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But if you just love Brazil, if you love the lifestyle,

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if you want to buy property in Brazil,

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you wanna spend some time in Brazil

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and await those four years,

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you can definitely get that citizenship

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or you can just give birth to Brazil

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and get it within a couple of weeks and months.

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And then interestingly, if you give birth in Panama,

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which is a great passport, which is pretty hard to get

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just by living in that country,

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you can get citizenship within three years.

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So if you like Panama,

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you like to have a bank account in Panama,

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overall, you love the country

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and you want to give birth there,

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within three years, you could also become a citizen.

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Now, all the other countries in Latin America

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or all the other fast countries

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like Mexico, El Salvador, Panama,

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without giving birth there, are pretty much the same

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as European countries, so five years and above.

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In the case of Costa Rica, seven years.

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So, these are pretty much in line

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with all European countries

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and other countries around the world,

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so I will not mention those.

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But as you can see, the fastest countries

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to become a citizen around the world

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are mostly in Latin America, with the exception of Armenia.

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So if you're looking for a fast second passport,

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then Latin America should definitely be on your list.

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Really quick.

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If you're looking to lower your taxes,

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increase your freedom, get the best possible options

play06:50

for residency and citizenship around the world,

play06:53

I have launched the Wealthy Expat Private Mastermind,

play06:57

a free private group that you can join,

play06:59

with the link in the description.

play07:00

Ask any questions that you have on any of the programs,

play07:03

meet tax experts, participate in weekly Q&A calls

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directly with me, and Mastermind with other members

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of the wealthy expat community.

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The link will be in the description.

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I'm excited to see you there.

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If you're looking to get a second citizenship

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and you wanna know the secret way

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that some people get citizenship in their dream country,

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in the place that they want to be a citizen

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and want to get a second passport that nobody talks about,

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I've used this strategy.

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My top clients have used this strategy.

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You wanna check it out right here.

play07:29

The secret way to get a second citizenship

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that no one talks about.

play07:33

Check it out right here.

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Related Tags
CitizenshipPassportArgentinaPeruDominican RepublicSecond PassportInvestmentLatin AmericaResidencyGlobal Mobility