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Second Citizenships, Residencies, and/or Temporary Relocation

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Re: Second Citizenships, Residencies, and/or Temporary Relocation

#111

Post by SlavikCA »

I was born in Russia. That's my red passport.

My parent moved with us to USA, when I was 18. That's my dark blue passport.

When I was working as Software engineer in California, our company got aquired and they asked us to relocate to Canada. I got PR here and soon will have light blue passport here.

Personal thoughts:

USA citizenship gives me best opportunities and access to best job market.

Canada citizenship gives me best social net: free health care, lower-cost education for my kids.

Russian citizenship gives me hope of protection from western injustice system (Snowden-style) or left cancel culture.

Re: Second Citizenships, Residencies, and/or Temporary Relocation

#112

Post by vecinu »

feanaro wrote: post #100
vecinu wrote: post #58

Earlier quoted context omitted.

> But, it is way, way, less stressful living here, just in general. Americans have no idea. The taxes are worth the peace of mind along with the stability it gives society. Can you please go on with this point and provide some 1-1 examples you've personally seen? I keep dreaming and have, for the last 5 years, about leaving the US and living in Europe but I feel like I'm throwing away an enormous economic opportunity…

What do you need this wealth for? Bear in mind that wealth is relative. The differences in cost of living are dramatic between countries so a much smaller wealth in one country can be much larger in another.

> What do you need this wealth for?

Insurance for the future. Maybe I get bored of software, maybe I want to take a few years off and not have to work. Maybe I won't be able to "unprogram" the consumerist habits I picked up in the US and will fall back into buying things I don't really need (like Hi-Fi, photography equipment, gaming rigs, TVs, etc...) and will need funds to continue doing that.

I don't know, I guess I spent too much time in the US and deeply concluded that it's better to have wealth than to not have it. I have a lot of reflection to do.

Even adjusting for cost of living, if I bring $1M over to the EU, I couldn't stop working for the next 50 years, I would need a few for $xMs for that.

Re: Second Citizenships, Residencies, and/or Temporary Relocation

#113

Post by refurb »

AnotherGoodName wrote: post #106
refurb wrote: post #103

Earlier quoted context omitted.

These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, *natural resources* and capital and technological advancements, which may create new assets or render others worthless in the future. Sorry dude, but my country’s vast stores of natural resources don’t exactly help me afford my mortgage payment next month.…

You can argue about prices in Sydney all you want but i moved from Sydney to the USA and the situation isn't any better. In fact it's a lot worse. House prices in California are just as crazy. The wealth discrepency is also more obvious. Shanty towns under bridges worse. Like the 10 or so tents you see in Sydney's hyde park don't compare to the 3 miles in San Francisco of tents. Obviously there's benefits if you're i…

Who said anything about high housing costs?

What I meant was my country’s vast wealth in the form of natural resources hardly helps me pay for my day to day expenses. What matters is my income and my personal, disposable wealth. Which your ranking is not measuring.

That’s why you have bizarre numbers like the average Australian having 3x the wealth of Americans.

Re: Second Citizenships, Residencies, and/or Temporary Relocation

#114

Post by feanaro »

vecinu wrote: post #112
feanaro wrote: post #100

Earlier quoted context omitted.

What do you need this wealth for? Bear in mind that wealth is relative. The differences in cost of living are dramatic between countries so a much smaller wealth in one country can be much larger in another.

> What do you need this wealth for? Insurance for the future. Maybe I get bored of software, maybe I want to take a few years off and not have to work. Maybe I won't be able to "unprogram" the consumerist habits I picked up in the US and will fall back into buying things I don't really need (like Hi-Fi, photography equipment, gaming rigs, TVs, etc...) and will need funds to continue doing that. I don't know, I guess…

Yes, stopping all work for the next 50 years right now wouldn't be realistic with that. But then again, you're definitely not going to be stopping work while trying to accumulate more wealth either.

Re: Second Citizenships, Residencies, and/or Temporary Relocation

#115

Post by [deleted] »

sircastor wrote: post #98
xrendan wrote: post #32

Earlier quoted context omitted.

How do you find the timezone change if you work remotely for an American company?

I’m not the OP, but I have a similar situation. I’m on the west coast and work for a company based in the UK. For the most part, it’s a minor annoyance that any problems I have or questions I need answers to are a 24 hour turn around, but otherwise I get my work done and deliver it and they get it the next day. If you’re on top of things, it’s not too challenging.

[deleted]

Re: Second Citizenships, Residencies, and/or Temporary Relocation

#116

Post by vecinu »

feanaro wrote: post #114
vecinu wrote: post #112

Earlier quoted context omitted.

> What do you need this wealth for? Insurance for the future. Maybe I get bored of software, maybe I want to take a few years off and not have to work. Maybe I won't be able to "unprogram" the consumerist habits I picked up in the US and will fall back into buying things I don't really need (like Hi-Fi, photography equipment, gaming rigs, TVs, etc...) and will need funds to continue doing that. I don't know, I guess…

Yes, stopping all work for the next 50 years right now wouldn't be realistic with that. But then again, you're definitely not going to be stopping work while trying to accumulate more wealth either.

Correct but with an optimistic projection of working for 5-10 more years, I could stop working forever, unless I want to work for fun / enjoyment (or say no to crappy jobs) and then move to the EU.

If I move to the EU now and take a hit in income, that will become impossible.

Re: Second Citizenships, Residencies, and/or Temporary Relocation

#117

Post by AnotherGoodName »

refurb wrote: post #113
AnotherGoodName wrote: post #106

Earlier quoted context omitted.

You can argue about prices in Sydney all you want but i moved from Sydney to the USA and the situation isn't any better. In fact it's a lot worse. House prices in California are just as crazy. The wealth discrepency is also more obvious. Shanty towns under bridges worse. Like the 10 or so tents you see in Sydney's hyde park don't compare to the 3 miles in San Francisco of tents. Obviously there's benefits if you're i…

Who said anything about high housing costs? What I meant was my country’s vast wealth in the form of natural resources hardly helps me pay for my day to day expenses. What matters is my income and my personal, disposable wealth. Which your ranking is not measuring. That’s why you have bizarre numbers like the average Australian having 3x the wealth of Americans.

It also doesn't measure resources. The median wealth is the assets at disposal for the average citizen. eg. if they sold their homes, cars etc. Australia has 3x the wealth which isn't bizzarre. It's new and hard to grasp for a lot of people since this has only happened since 2008. But the USA has fallen. It's fallen a lot. The typical US citizen is far far poorer than people from many other countries. This is an objective fact. It's also obvious to anyone who see's the USA in its current state. Things are bad. They need to change.

Re: Second Citizenships, Residencies, and/or Temporary Relocation

#118

Post by mrsaint »

emptysongglass wrote: post #99
mrsaint wrote: post #96

Our two children are 4 and 6, and they both hold four citizenships. My wife is US American, I am German, my dad is Croatian and we've been living in Switzerland for almost 15 years. When the kids were born, they both had US and German citizenship jus sanguinis. German passports arrived almost instantaneously. The US passports required us to visit the US embassy multiple times and fill out plenty of paper work. Them g…

How is this legal? Most countries in the world disallow holding more than 2 citizenships. Do these countries know your kids are holding four? If they do not, they need to be informed.

There are exceptions to the rule (for reference see https://en.m.wikipedia.org/wiki/Multiple_citizenship). Generally, a lot depends on whether you acquired citizenship by descent or birth, or acquired it by naturalization. Also, there are agreements between countries that you must consider.

For example, had Croatia not entered the EU a couple of years ago, it would not have been possible most likely to aquire citizenship for our children without giving up German citizenship. That is because Germany permits multiple citizenship only if you obtained another citizenship by birth and/or the other citizenship is either one of an EU member country or Swiss citizenship. Some with Croatia, which generally allows citizens by descent to have multiple citizenship, but foreigners wanting to naturalize there must renounce their old citizenship (with exceptions, of course). Switzerland on the other hand has no such rules regarding multiple citizenship.

It's difficult to not inform the countries of your multiple citizenship unless you don't apply for passports. With each passport renewal you must also state your other citizenships if applicable.

Anecdote: Shortly after the first child was born, we wanted to visit our relatives in the US. Our child only had a German passport, which we thought would be OK to travel with (because, why not?). Well, as it turned out, once we arrived at US immigration, we were in big trouble. Because our child was automatically a US citizen by descent, she was also required to have a US passport to travel from abroad to the US. This is because formally the US does not acknowledge any of your other citizenships as long as you are US citizen.

Re: Second Citizenships, Residencies, and/or Temporary Relocation

#119

Post by refurb »

AnotherGoodName wrote: post #117
refurb wrote: post #113

Earlier quoted context omitted.

Who said anything about high housing costs? What I meant was my country’s vast wealth in the form of natural resources hardly helps me pay for my day to day expenses. What matters is my income and my personal, disposable wealth. Which your ranking is not measuring. That’s why you have bizarre numbers like the average Australian having 3x the wealth of Americans.

It also doesn't measure resources. The median wealth is the assets at disposal for the average citizen. eg. if they sold their homes, cars etc. Australia has 3x the wealth which isn't bizzarre. It's new and hard to grasp for a lot of people since this has only happened since 2008. But the USA has fallen. It's fallen a lot. The typical US citizen is far far poorer than people from many other countries. This is an obje…

Read your link and what I quoted. It does measure natural resources and a bunch of other “wealth” that goes far beyond personal, disposable wealth.

You basically referenced a link you didn’t read.

And like I said, when you look at the ranking it doesn’t make sense unless they did include things beyond personal wealth. You really think the average Spaniard is wealthier than the average Norweagean?

Re: Second Citizenships, Residencies, and/or Temporary Relocation

#120

Post by samus »

emptysongglass wrote: post #99
mrsaint wrote: post #96

Our two children are 4 and 6, and they both hold four citizenships. My wife is US American, I am German, my dad is Croatian and we've been living in Switzerland for almost 15 years. When the kids were born, they both had US and German citizenship jus sanguinis. German passports arrived almost instantaneously. The US passports required us to visit the US embassy multiple times and fill out plenty of paper work. Them g…

How is this legal? Most countries in the world disallow holding more than 2 citizenships. Do these countries know your kids are holding four? If they do not, they need to be informed.

It seems to work out with this set of countries. Croatia lets you keep other citizenships if you claim the Croatian one via jus sanguinius. German citizenship is compatible with other EU/Swiss citizenships and citizenships acquired at birth. The US and Switzerland don't care that much. In practice, such webs of multiple citizenships can become tricky if one of the countries involved has mandatory draft, but it seems you can avoid the Swiss draft if you don't live there. Finally, I don't see why there would be a need to inform these countries about additional citizenships, unless they mandate it by law.
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