Jeremy Savory: Internationalization, 2nd Passports, & Becoming Sovereign
May 1, 2025
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Jeremy Savory, founder of Millionaire Migrant, specializes in citizenship and residency by investment. He dives into the importance of having multiple passports in today's chaotic world, highlighting benefits like tax advantages and social mobility. Savory shares concerns about citizenship-based taxation and expresses optimism for the UAE as a haven for opportunity. He also discusses the complexities of navigating second citizenship, the prevalence of scams in the expatriation industry, and the evolving landscape of global citizenship.
Internationalization provides advantages like mobility and personal security, allowing individuals to escape geopolitical instability with multiple citizenships.
The real estate market, particularly in the UAE, has become increasingly attractive for investment, offering financial gain and residency pathways.
Concerns over citizenship-based taxation highlight a shift in government tactics to generate revenue, prompting exploration of alternative citizenship options among individuals.
Deep dives
Internationalization and Its Benefits
Internationalization offers multiple advantages, such as increased mobility and personal security. Individuals can secure dual or multiple citizenships, allowing them to escape geopolitical instability, adverse economic conditions, or oppressive governments. This flexibility enables them to access better job opportunities, investment options, and even improve personal safety by having the ability to relocate quickly when necessary. The growing interest in acquiring additional citizenship is also reflected in rising inquiries about various golden visa programs and business migration opportunities across different jurisdictions.
Challenges and Opportunities in the Real Estate Market
The real estate market has shown remarkable resilience and growth, particularly in places like the UAE, which has become increasingly attractive post-COVID. Economic factors, such as the sanctions against Russia and political upheavals, have prompted many to seek out more stable environments for their investments. Real estate presents not just an opportunity for financial gain but can also serve as a path to residency, with various countries offering residency incentives for property purchases. Investors are looking toward emerging markets in South America, where real estate may offer significant yields and capital appreciation.
The Emerging Threat of Taxation
The trend increasing toward citizenship-based taxation highlights a shift in how governments may seek revenue from their citizens living abroad. As countries struggle with economic pressures, the possibility of implementing exit taxes or other financial penalties for expatriates looms, driving many to explore alternative citizenship options. The mobility of wealth shows that individuals are looking to minimize their confiscatory tax burdens by obtaining nationalities that offer favorable tax structures. There's an ongoing concern that over-reliance on taxation will push high-net-worth individuals out of the countries they currently inhabit.
The Impact of Digital Control Measures
Governments worldwide are increasingly implementing digital identification systems and travel authorizations that can complicate mobility and personal freedoms. Such measures may lead to forms of control reminiscent of social credit systems, restricting movement for those who do not fulfill specific criteria. As these trends develop, individuals may find themselves navigating a landscape where their freedom is contingent upon their technological compliance. This situation calls into question the balance between security and civil liberties, sparking discussions about potential overreach and the importance of maintaining individual agency.
Navigating the Path to Multiple Citizenship
Acquiring citizenship through various means, such as descent or investment, offers valuable pathways to personal and financial security. Many individuals are leveraging historical ties to obtain nationality in countries offering beneficial residency programs. Investment opportunities, particularly in countries with favorable citizenship-by-investment structures, have gained popularity as more individuals recognize the benefits of having multiple passports. Building relationships and networks in the international landscape significantly enhances one's options for navigating this intricate process, yielding long-term personal and financial growth.
Jeremy Savory of Millionaire Migrant discusses citizenship by descent and investment, internationalization, and becoming a sovereign individual. A chaotic world is the perfect reason for obtaining multiple passports and/or residencies, but can also provide great opportunity in the form of tax advantages, property investment, employment, and social mobility. He expresses some of his worries such as an increasing shift toward citizenship-based taxation and comments on the American Dream, his optimism for places like the UAE, and more.
Jeremy Savory, the founder of Millionaire Migrant and one of the most influential names in the world of citizenship and residency by investment. Raised in the UK by deaf parents, Jeremy’s journey started with grit and responsibility. By the age of 22, he had left the UK—ditching its 40% tax rates—and what came next is the stuff of legends.
Landing in Dubai with nothing but ambition, Jeremy founded Savory & Partners in 2009. Today, it’s one of the world’s top residency and citizenship by investment firms, trusted by over 11,000 clients and endorsed by multiple governments. His track record? A 100% success rate. Alongside his wife and business partner, Helena, Jeremy has changed the game for high-net-worth individuals seeking true freedom.
Jeremy’s life reads like a blueprint for sovereignty. He holds multiple passports, has travelled to 100+ countries, invested in real estate across 10 nations, and has met 11 heads of state. His children are already global citizens with more passports than most people have stamps in theirs. He’s a regular in Dubai’s most exclusive circles, always connecting with leaders who shape the future.
*Podcast intro music is from the song “The Queens Jig” by “Musicke & Mirth” from their album “Music for Two Lyra Viols”: http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)
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