Nomad Capitalist Audio Experience

8 FAST Tax-Friendly Second Passports

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Feb 17, 2025
Discover fast-track options for obtaining tax-friendly second passports! Learn about the advantages of citizenship in the Dominican Republic and Mexico, including residency processes and their tax benefits. Explore the complexities of tax residency in Mexico and the generous tax exemptions for newcomers in Uruguay. Dive into investment opportunities across Latin America and the Caribbean, and understand the vital tax implications of acquiring citizenship in these vibrant regions.
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ADVICE

Dominican Republic Second Passport

  • Consider the Dominican Republic (DR) for a fast, tax-friendly second passport.
  • It offers a path to citizenship in roughly two years with a $200,000 investment.
INSIGHT

DR Territorial Tax Policy

  • The DR offers a 3-year territorial tax policy upon becoming a tax resident.
  • Only locally sourced income is taxed; foreign income is tax-free during this period.
ADVICE

Mexican Residency as a Backup Plan

  • Explore Mexican residency as a secondary option for a strong passport.
  • Be mindful of tax residency rules if you plan to live there long-term.
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