๐ฆ๐ฒ Armenia Permanent Residency ๐ฆ๐ฒ
It's official. It takes 1 visit and 90 mins in the country (or 100% remotely). It lasts 5 years and leads to an Armenian passport in 3.
๐ค Why you'd do it
โ The upsides
โฌ๏ธ The downsides
๐ฅ The future of it (an asset)
Time for a thread ๐งต
Territorial taxation is a tax mechanism that does not levy taxes on income from a foreign country. So if you live in one of these countries:
- Paraguay ๐ต๐พ
- Panama ๐ต๐ฆ
- Philippines ๐ต๐ญ
- Malaysia ๐ฒ๐พ*
- Uruguay ๐บ๐พ*
You're not taxed on income if it's from abroad.
* = conditional
In your 20s:
- Make money online, setup an LLC
- Move to Paraguay ๐ต๐พ hustle
- Get passport in 3 yrs
In your 30s:
- Birth your child in Argentina ๐ฆ๐ท or Brazil ๐ง๐ท
- Get a Mercosur passport within 1 year
If you're 40+ invest for immigration like Nicaragua ๐ณ๐ฎ
Bookmark ๐
The general trend of easy residence programs goes always in one direction:
They get harder to enter and costlier to pay.
If you have the chance to make a move now. Do it
The clock is ticking... โฐ
Create 3 bases:
- Lifestyle base (shopping, nightlife, fun, dating)
- Tax base (low tax, 0% tax, territorial tax)
- Business base (ease of banking access, easy setup)
Which one would you do? ๐ค
Lifehack (bookmark ๐):
- Live in a territorial tax country ๐ณ๐ฎ๐ต๐พ
- Register a pass-through entity ๐บ๐ธ๐ฌ๐ง
- Use Western banking services ๐ฌ๐ช๐ฌ๐ฎ
Become ungovernable. Become sovereign ๐ช
First, the UK ๐ฌ๐ง banks closed accounts for political opinions. Now Germany ๐ฉ๐ช.
You need globally distributed banking access. Ironically, one of the best banks for non-Americans are in fact US๐บ๐ธ banks. Non-CRS banking and great access to credit.
DM: "US-Banks" if interested.
Deutsche Bank closed my bank account for speaking out against Israeli war crimes in Gazaโฆ They also informed me that I cannot open a new bank account now or in the future and even in all their partner banks.
What many people still don't realize is,
You can open an LLC in the USA ๐บ๐ธ regardless where you are coming from. This could be:
- South Africa ๐ฟ๐ฆ
- Mexico ๐ฒ๐ฝ
- Morocco ๐ฒ๐ฆ
- Indonesia ๐ฎ๐ฉ
Retweet for the people who need to know & contact us to incorporate within 1 week!
Egypt ๐ช๐ฌ has some interesting investment opportunities in the new administrative capital and the Mediterranean and Red Sea coast.
On top of that, you get a passport along with it. Not the best but you get OPTIONS.
If you're more introverted:
โก๏ธ Southeast Asia is the place for you ๐ฒ๐พ๐น๐ญ๐ฎ๐ฉ๐ธ๐ฌ
If you're extroverted:
โก๏ธ Latin America is the place for you ๐ฒ๐ฝ๐ฆ๐ท๏ฟฝ๏ฟฝ๏ฟฝ๏ฟฝ๐ด๐ง๐ท
Bookmark for future reference. ๐
What is the equivalent: LatAm to North America ๐บ๐ธ๐จ๐ฆ
(easy & affordable residence permit, tax benefits, same timezone, better climate)
of Europe? ๐ช๐บ๐ค
@JohnnyB08273276 Overall:
Switzerland ๐จ๐ญ
Ireland ๐ฎ๐ช
Germany ๐ฉ๐ช
Portugal ๐ต๐น
For investment best value:
- Portugal ๐ต๐น (possible to get for โฌ200,000 within 5 years)
- Malta ๐ฒ๐น
Having an EU ๐ช๐บ passport is a superpower:
- Fantastic reputation
- Visa-free to most countries in the world
- Live, work, and retire in any of the EU member + Schengen states
If you invest in Portugal, you can get one within 5 years while only needing a 1-week holiday per year.
Is it worth getting Swiss ๐จ๐ญ citizenship? ๐ค
Switzerland has arguably the best passport in the world:
- Best reputation
- Most visa-free travel
- low taxes
But the downside:
- Long path to citizenship 10-12 years
- Requires significant investment in the country's community
One of the lesser talked about investment migration destinations is the Bahamas ๐ง๐ธ
Benefits:
โ Full 0% tax jurisdiction
โ 1h flight to Miami ๐บ๐ธ
โ Citizenship in 10 years
Requirements:
๐ค 90 days per year of physical presence
๐ค Investment of property worth at least USD 750k
Fun fact: Sierra Leone ๐ธ๐ฑ grants citizenship to people who can prove their DNA ancestry to the country.
While it doesn't give you many travel benefits, you can still get an option for almost free.