Diversify Your Citizenship NOW! Second Passports Explained

Is it a good idea to diversify your citizenship given the current global landscape?

We brought on Andrew Henderson, an entrepreneur, a global citizen to nearly a dozen countries around the world, and the founder Nomad Capitalist - a company that helps people maximize their freedom by getting multiple citizenships and passports.

Hear why considering a second or even a third citizenship might be beneficial, the most crypto-friendly jurisdictions, and what an exit tax entails. Andrew also shares why he renounced his US citizenship and provides insights into the costs and process of obtaining a second passport.

TIMESTAMPS

0:00 Intro
3:23 Where Is Andrew?
4:10 Andrew’s Citizenships?
6:05 Audience Overview
8:06 Andrew On Multiple Citizenship?
12:00 Option To Exit
18:35 Why Multiple Citizenship?
26:19 Is Multiple Citizenship Urgent?
32:39 What Is Exit Tax?
38:51 Regaining U.S. Citizenship
41:03 Andrew’s Top 5 Citizenships
46:18 Dual Citizenship: Factors & Process
49:13 Who Is It For?
54:14 Lifestyle Trade-Offs
59:34 Crypto Friendly Jurisdictions?
1:00:45 Digital Citizenships?
1:02:02 Is This Unpatriotic?
1:05:36 What If There’s No Option?
1:10:30 Is This Unfair?
1:17:03 Summary & Resources
1:22:04 Closing & Disclosures

RESOURCES

Andrew Henderson
https://x.com/nomadcapitalist

Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠