Andrew Henderson, an American entrepreneur and founder of the Nomad Capitalist, a blog, podcast and consulting company, has four passports and is working on his fifth. Multiple citizenships provide him with a multitude of entrepreneurial options, he says.
He says investing in programmes in the African archipelago of Comoros and the Caribbean Island of St. Lucia give him more opportunities and lower taxes.
“For me it’s about how I could have better options, better tax treatment, better treatment as a person and get the same visa free travel.” he says, adding that he expects investment citizenship to rise.
“I think the world is going more nomadic. People don’t want to be in once place. They want to have one or two or three bases for lifestyle reasons and pay reasonable taxes, and that’s what becoming more accessible. Most of our clients do not go and live in the country they invest in. They see it as more of an insurance policy.”
While not everyone with multiple citizenships will reside in multiple nations, Williams says the industry can be viewed as a barometer of turmoil in the world. He says many of the investors he works with see these programmes as a safety net.
“Most of our clients do not go and live in the country they invest in,” he says. “They see it as more of an insurance policy. They know that they’ve got that second residency, so if they ever have to jump on a plane they’ve got that option.”
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