Why I Would Take a Nicaraguan Passport
Nomad Capitalist · 10:02
https://nomadcapitalist.com/second-passport/ I recently said I would gladly become a Nicaraguan citizen if given the chance, prompting many - including a few Nicaraguans - to ask "why?" The answer is because I value citizenship differently than the average person. 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". Work with Andrew: https://nomadcapitalist.com/apply/ 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. About Andrew: https://nomadcapitalist.com/about/ Our Website: http://www.nomadcapitalist.com Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist Buy Andrew's Book: https://amzn.to/2QKQqR0 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.
Summary
Andrew Henderson explains why he would gladly accept Nicaraguan citizenship, while stressing that the example represents a broader approach to choosing a second passport. Nicaragua is small, relatively flexible, emerging, resource-rich, offers substantial visa-free travel, and does not tax foreign-source income for residents. He also argues that its passport could serve as a practical “flag of convenience”: the holder would not need to live in Nicaragua, and banks or immigration authorities in many places may judge them mainly by their actual background and qualifications rather than the passport itself. He notes, however, that some parts of the country can be dangerous and that travel access to the United States remains difficult.
His main point is that successful people who earn money online or run location-independent businesses may not need a Western passport for the same reasons as people seeking access to Western jobs and opportunities. A second citizenship should be chosen according to personal goals, and countries that are often looked down on may offer useful resources, livability, tax policies, flexibility, and international mobility. He does not suggest giving up an existing citizenship, and says Nicaragua could be replaced by another similar country in this reasoning.