Nomad Capitalist Audio Experience Open a Bank Account, Get an Easy Second Residence Permit
27 snips
Jun 25, 2025 Learn how moving your assets abroad can simplify obtaining a second residence permit in various countries. Discover the financial requirements and benefits of residency in Thailand and Indonesia. The discussion emphasizes the significance of global residency for both lifestyle and security. Tune in for insights on navigating the complexities of financial investments and explore how to protect your wealth while gaining personal freedom.
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Get Residency via Foreign Banking
- Move your liquid assets to foreign banks to obtain easy second residence permits or citizenships with minimal cost.
- This strategy diversifies your holdings and often comes with no tax consequences unless residency requirements are triggered.
UAE Golden Visa via Bank Deposit
- Deposit about $545,000 (2 million Emirati Dirhams) in a UAE bank for two years to get a 10-year golden visa.
- You don't need to live there or buy property to qualify, but citizenship is generally not granted except for major investors.
European Residency Options Explored
- In Europe, invest 500,000 euros in a Greek bank for a golden visa with no residency requirements.
- Latvia offers a cheaper 280,000 euro option via subordinate debt, but comes with a 25,000 euro state fee to renew residence every five years.