3 citizenships to avoid like the plague - you've been warned

0:00 here at wealthy expad we help high net worth and ultra high net worth individuals all over the world obtain second citizenship we help obtain citizenship in less than 90 days in some cases I personally obtain four new citizenships I renounce my US citizenship I love passports and citizenship and I'm always trying to get one more I'm always trying to collect more and more passports some people collect Lamborghinis I collect citizenships now there are some citizenships that I've stayed away from and that I want caution you against because although they might be easy to obtain or fast to obtain or you can obtain them by just getting residency in some cases even remotely in a country and after a couple years you go to that country and you pick up your passport that's an easy citizenship and it might

0:46 have good access to the world although it's not going to be one of the top passports in the world to get really one of the top with the exception of Malta you're going to actually have to spend some time in one of those countries or be an exceptional person and get honorary citizenship what are the countries that I am against getting citizenship and I tend to not recommend the first one would be Armenia now I've gotten offers to get Armenian citizenship by exception citizenship by starting a business in Armenia and there is a way to get citizenship in Armenia after 3 years without actually having to live in Armenia all you really need to do is to start a business you invest some money into it and although the money isn't a specific amount it's going to be around 5060 $50,000 invested into your own company

1:33 you're not even donating that money to The Armenian government and you keep that residency and you essentially get permanent residency by investing that money into your company and then going through that process you need to go to Armenia potentially once or twice a year really like you won't really have to commit that much time in the country and I personally already been to Armenia so I might as well go again and get that citizenship you start the process you start the business you invest some money into the business and then you go let's say once or twice a year and then after 3 years you can pick up your Armenian passport and they even offered me Armenian citizenship after a couple of months if I start hiring people in Armenia why did I say no first of all Armenia is currently under a military conflict with aeran because of nagoro

2:19 kabak and I've talked to a lot of Armenian citizens that actually become our clients and they want to get some other citizenship I personally know one arm median citizen who is my friend he got St Lucian citizenship and he's also getting other passports around the world because he wants to get away from Armenia because they have mandatory military service now obviously just like other countries that have mandatory military service you can easily pay to get away from this like in Turkey for example turkey has mandatory military service but if you get Turkish citizenship by investment you have an exception and also your children and grandchildren can just pay a small fee to get out of the military in Armenia it's a lot more enforced you can pay to get away from the military but you never

3:05 know when they're going to pull everyone in and they're not going to allow you to leave the country or they might not allow you to renew your passport because they have a current conflict and that conflict might expand as well so I really see it as a risky passport with also not that much upside because you don't have access to the shenen area you really don't have access to that many countries around the world you have access to some countries in the East you can't really go to aeran and I like aeran I like Baku and although I like yavan as well being an Armenian citizen just comes with so many drawbacks and not that much upside although it's an easy passport and an easy citizenship to get adding to all of that Armenia is also pretty bureaucratic and there might be a lot of delays or issues in that

3:51 three-year process when you're getting that citizenship so let's say you go through this route where you start a business you invest some money in there and after 3 years you can pick up your manian citizenship and your Armenian passport that might be delayed by let's say one more year or two more years or they might say actually you haven't really spent any time in Armenia you don't have any employees in Armenia you don't have any Investments apart from the money that you put in the company we're actually not going to approve your citizenship so starting a company putting this money in there not even getting the citizenship approved and if you get the citizenship approved it has mandatory military service and it also doesn't have good access to the world I just tend to stay away from passports like this even though I wish I could just keep collecting and collecting and collecting more citizenships the next country although I talk about it for residency and I talk about it for

4:37 retiring as well for permanent residency it works out pretty well that is Uruguay it's a stable country it has a solid passport if I could get Uruguayan citizenship without having to live in Uruguay I would get an Uruguayan passport it's part of mosur it's a good option for World War III it's far away from all the chaos around the world it's a stable country it's Rel relatively safe I speak native Spanish trust me if I could get this passport without all the headaches that I'm going to talk about I would definitely get it now the problem with Uruguay comes with multiple different things the first one is that it takes a lot longer than what it actually should take so let's say you go to live in Uruguay you get permanent residency you start living there let's say 9 10 months a year after the years when you should get citizenship they

5:23 might actually say oh wait you don't have enough ties to Uruguay we don't want to naturalize you yet there's been people that have been living there for over 12 15 years and they're still not Uruguayan and let's say that you actually naturalize as a Uruguayan on your passport and actually the the government is getting sued for this so they might actually change this but on your passport under nationality if you weren't born in Uruguay and you naturalized as an Uruguayan citizen it actually shows your origin nationality so let's say originally you're Canadian and you get your ugu passord transport after 11 years of living in Uruguay and it's also pretty tax friendly you can live a pretty tax friendly or even tax-free life in Uruguay let's say you live there

6:08 11 years on your ugan passport it will say under nationality Canadian and that confuses the hell out of Border guards around the world and they might think that it's either a fake passport or they might think that the password wasn't issued properly or they might just give you a lot of troubles around the world so on top of it taking a long time to get your U citizenship on top of it being very bureaucratic and also it might be a hassle to get all the documents to get your uruan citizenship approved when you actually have your UAM passport it's going to be hard to actually travel with that passport and use it all over the world if that's your plan to get a second passport in order to use it so not only is it hard to get the citizenship not only there might be delays and it might be very tricky to get that citizenship and also the

6:54 government doesn't approve everybody that actually applies for citizenship even though they've been living there for a long time might also be hard to use the passport so the only real case when I would send somebody to get a ugan passport would be if they have Uruguay descent so we have a client for example he's Australian he was born in Australia he speaks with an Australian accent he is full-blown Australian but his dad was born in Uruguay therefore he's a Uruguayan citizen by birth and he the client who's Australian can get uruan citizenship by descent in that case it was very easy to get that uruan passport he also has a Uruguayan last name so is a pretty straightforward process if you want help picking your perfect second citizenship we actually do 101 complimentary calls with all clients doesn't matter if

7:40 you're worth 1 million or 200 million we can go through all the options on a oneon-one call you can book that with the link in the description and maybe we will find your perfect passport although this isn't one of the big three countries that I'm going to talk about similar to Uruguay Paraguay is also pretty hard to naturalize in there's a lot of people saying oh you can easily get Paraguay citizenship just get your permanent residency in a couple years you pick up your paragan passport if you go to the government statistics you will see that a very very very small number of people actually get approved for pagrain citizenship sometimes it's less than 100 people per year that get paraguayan citizenship by naturalization so actually becoming paraguayan is tough and it's going to be tough especially if you live outside of the country so if you really want to commit to Paraguay

8:26 you want to live in Paraguay more than 6 months a year you want to invest in Paraguay you want to have kids in Paraguay you want to marry a paraguayan then obviously go for the paraguayan citizenship but in all other cases if you just want to have it as a tax residency and you're going to be there 2 weeks a year don't expect to get your paragan passport and the last country here very popular citizenship by investment program it's going to be Vanuatu I could get Vanuatu citizenship 130 Grand isn't that much money for me I could easily get this passport and then Flex it here on YouTube and say oh I got Vanuatu citizenship but in my opinion in my opinion getting a Vanuatu passport just complicates your life unless you specifically want that passport I'll tell you a client example of mine I have a client from Europe he's a European Union citizen he has a solid passport he can travel wherever he wants he doesn't

9:12 live in the country where he's a citizen he actually lives in Latin America and he wanted a second passport just for just to have a plan B just to have something and in vanu you can also pay in crypto for your citizenship so this particular client was more just looking for a plan B citizenship where he could pay in crypto a small amount he didn't want to get citizenship by exception and commit a lot of money to a country he just wanted to get something 130 Grand fast process let me get that Vanuatu passport and in that case it made sense but for everybody else the reputation of Vanuatu is very low if you're looking for a passport with good Visa free access then obviously that's not going to be one because you don't have access to the shenen area anymore no access to the UK if you care about that anymore so and a password with a bad reputation around the world also to open bank

9:57 accounts you might have some issues in some country with a Vanuatu passport so unless you have a very specific reason you have a top tier passport and you're not worried about Visa fore travel you're not worried about getting a second passport because you want to move somewhere else or you want to have a second country you can call home you just want a second document just in case and you want to get it fast because you can get it in around 3 months then in those cases it works out pretty well another example is an Australian client that I have extremely wealthy client who actually lives in Vanuatu I personally been to wanu and I flew from Australia to Vanuatu and back from Vanuatu to Australia and it was full of Australians a lot of Australians live in Vanuatu a lot of Australians vacation in Vanuatu this specific client lives in Vanuatu

10:43 more than 6 months per year doesn't pay taxes because Vanuatu is taxfree essentially taxfree on crypto taxfree capital gains taxfree personal income you can live a taxfree LIF sale and he got the citizenship in order to live there without a hassle without getting a residency permit so he can kind of do whatever he wants so in that case somebody living in banatu and spending a good amount of time in banatu also makes sense to get that passport but for everybody else I tend to recommend to spend a little bit more get citizenship in the Caribbean or spend a little bit more and get citizenship by exception in a place where they actually might use that country and they actually might use that passport more often let me know your thoughts in the comments below Am I Wrong am I right about any of my choices in this list and if you want to see how we helped one of our clients get citizenship in less than 90 days

11:30 citizenship by exception honorary citizenship in an amazing country you can check out the video that's going to pop up right here second citizenship in less than 90 days the ultimate case study watch it right here