Get a Cheap Second Citizenship without Moving

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Some time ago, we coined the term “paper citizenship” to refer to a second passport that you can get relatively easily without having to spend much (if any) time actually living in the country where you’re trying to obtain citizenship. The process of using a paper residency to get citizenship is fairly straightforward.

Generally, you must first get a temporary or permanent residence permit in the country. Then, you take that piece of paper, put it in your pocket, and leave the country. Depending on where you get the second residence, you might have to come back for a day every six months. Maybe you only need to pop in once a year.

In this video, Mr Henderson shares how paper residence works.

00:00 start
0:21 How to Use "Paper Residency" to Get a Second Passport
4:45 Residence Permit in Costa Rica
6:08 Residence in Colombia
7:42 Residence Permit in Portugal

Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.

We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.

No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.

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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.