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Nomad Capitalist is all about going where you're treated best. One of the most powerful tools we use to achieve this goal is the second passport, the ultimate backup plan and surest means of geopolitical diversification. These days, second passports have leaped out of the pages of fictional spy stories and are increasingly showing up in the pockets of successful businessmen, immigrant investors, and otherwise regular, globally-minded folks looking to be global citizens.
How? There are many ways to obtain a second passport, but the quickest path is to simply buy one. Yes, you read that right: whether you refer to it as ‘buying a passport’, ‘economic citizenship’, or ‘citizenship by investment’, they all mean the same thing. Certain governments are willing to grant you citizenship and a passport in as little as three months in exchange for a sizable investment or donation in their country.
In this video, Irena Prgomet, our Assistant Operations Manager, shares questions you must ask before buying citizenship by investment.