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CitizenX: Invest in Citizenship

citizenx.com

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Re: CitizenX: Invest in Citizenship

#11

We just launched CitizenX, the world's first platform to find and fund places that welcome you as a citizen. We want to help you diversify your passport portfolio – so you can secure a safe haven and travel freely across the globe with a passport from your new home(s). Would love your feedback.

How do you plan to compete with the old school consultants like Henley etc.?

Re: CitizenX: Invest in Citizenship

#13
If you have US citizenship, do any other countries unlock more travel destinations?

Do any non-US citizenships let you skip a visa and travel more freely than you otherwise could?

With additional citizenships, do you now have added tax obligations? The US always taxes you, even as an expat, IIRC.

If something bad happens abroad, which embassy helps you out?

Does getting another citizenship put you at risk of losing your original nationality?

Re: CitizenX: Invest in Citizenship

#14
> One platform for all your citizenships.

> Manage your passports, residencies, and companies with a single citizen experience. Apply to new programs in new locations with just a few clicks.

That’s a solution to a problem that I didn’t even know you could have.

Re: CitizenX: Invest in Citizenship

#15
Or if you are young and skilled, just apply for migration to the country of your choice. Australia, Canada and New Zealand are preferred destinations for English speakers. Its sometimes messy trying to get all the documentation together and you generally have to be squeaky clean, but no agents need to be involved. I have done it once and my wife has done it twice. Though the last time we did it to get to NZ was almost twenty years ago.

Also if you are young (under 30) you should check what countries you have rights to get a working visa in so you can "try before you buy" so to speak. and once you are in with a job the migration process is generally a lot easier.

If you are old 50+ then forget it unless you are rolling in cash and have a PhD :-)

Re: CitizenX: Invest in Citizenship

#16
post #14

> One platform for all your citizenships. > Manage your passports, residencies, and companies with a single citizen experience. Apply to new programs in new locations with just a few clicks. That’s a solution to a problem that I didn’t even know you could have.

> solution to a problem that I didn’t even know you could have.

It is a "problem" for people who have enough money to be able to pick and choose the best country for their taxation needs.

Re: CitizenX: Invest in Citizenship

#17
post #15

Or if you are young and skilled, just apply for migration to the country of your choice. Australia, Canada and New Zealand are preferred destinations for English speakers. Its sometimes messy trying to get all the documentation together and you generally have to be squeaky clean, but no agents need to be involved. I have done it once and my wife has done it twice. Though the last time we did it to get to NZ was almos…

You will have to move though, in Malta you can just invest and get a passport

Re: CitizenX: Invest in Citizenship

#18
post #14

> One platform for all your citizenships. > Manage your passports, residencies, and companies with a single citizen experience. Apply to new programs in new locations with just a few clicks. That’s a solution to a problem that I didn’t even know you could have.

Yep, people who have a spare $1m to invest in Maltese passport, typically would have resources to hire a normal lawyer/ tax consultant

Re: CitizenX: Invest in Citizenship

#19
This is nice — best of Luck.

Interestingly, this is made in Switzerland, one of the hardest countries to get citizenship. ;-)

This is akin to Uber during its early Startup stage. Rich people already use concierge services to call for luxury when needed. In the case of citizenship by investment, the rich have been doing it for ages. Now, we have CitizenX bringing it to the public and making it more accessible.

Re: CitizenX: Invest in Citizenship

#20
post #13

If you have US citizenship, do any other countries unlock more travel destinations? Do any non-US citizenships let you skip a visa and travel more freely than you otherwise could? With additional citizenships, do you now have added tax obligations? The US always taxes you, even as an expat, IIRC. If something bad happens abroad, which embassy helps you out? Does getting another citizenship put you at risk of losing y…

1. The U.S. isn’t at the top for visa free places to travel…a number of passports in Europe and Asia are better.

https://www.henleyglobal.com/passport-index/ranking

2. Yes - an example I travel to frequently is Vietnam - it is visa free for Italy but not for USA (former American Italian here)

3. Generally no - USA is the only major country that taxes based on citizen and not by residence or territorially

4. Embassies very rarely help anyone “when something bad happens” - in the event of a large natural or political disaster they might help. Most (including the USA) have a policy of not being able to help you in most situations beyond giving you the contact of a lawyer, doctor etc.

5. Most of the time no, but some places do prohibit citizens from having multiple citizenships or acquiring new ones: iirc Singapore is one of those.

Wrote about my citizenship changing adventures here since you seem interested! https://larrysalibra.com/goodbye-usa/

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