/biz/ - Business & Finance

>>198813
Do you pay dual taxes?

What are the gains? For the countries I could have gotten dual for it was well worth it but I did nothing about it until it was to late.

Cost: $150
Pro: I'm now a US and French citizen, I can easily work anywhere in EU and US and the only con is now i have to pay taxes in the US even if i dont live in the US

>>198813
>What are the benefits? (Relevant to you)
>What interest do you have in getting another passport?
>What, if any, are the consequences of dual citizenship?

>>198825
>Do you pay dual taxes?

No

>>201276
actually that depends. There's a $97,600 exemption you can get, so if you owed more than that in taxes you'd have to, but most likely not.

Israeli/American/Mexican citizenship here, you jelly?

>>201294
There are also tax credits for taxes paid overseas so you can avoid double taxation and pay the difference.

/trv/eller here

If you travel a lot and the second passport gets you into places your first one doesn't without visas then it's definitely worth it.

If you want to work in the new country then obviously it is worth it. An EU passport will allow you to live and work anywhere in the EU.

You get consular protection abroad from both countries' authorities should you need it.

You don't 2 different passports it to travel to Jewland or the Arab countries. They'll stamp a bit of paper or you can get another passport from your original country (tell them where you're going).

It's useful for hiding travel from friends/family though.

Some countries are ultra protective of their citizens. Jewland for example never extradite their citizens no matter what, so if you can get one of their passports you basically have free reign to do whatever the fuck you want and as long as you can get on a plane in time you are immune to prosecution. Equally if you get caught with one in certain countries you'll be in trouble.

Consider taxes as well.

I'm a Britbong and could also get an Irish passport, but it'll cost me £300 odd and it doesn't get me anything my British one doesn't (it's worse actually). Still if my BTC trades come off well this month I'm going to do it. It's based as fuck having 2 passports.

>>198813
yes

owning land in countries other than the USA is cheap as fuck and an investment as you can always flee to another country if you need to

>>201571
this

I was born in Germany but moved to the US and got citizenship here.
Am I still considered a German/EU citizen?

>>201586
That depends, are you you white?

>>201589
Of course.

>>201584
im of polish decent i would totally go to the motherland

>>201586
Does Germany know about it? If not, pretend it didn't happen and just renew your passport.

Dualfag here: Born a US citizen, and have a claim to Canadian citizenship (father is a naturalized Canadian) since they changed the Nationality Laws in 2009. All I need to do is apply for a certificate of citizenship and then apply for a Canadian passport.

Best part of Canadian citizenship is that it confers Commonwealth Citizenship status, so I could work and live in other member states of the Commonwealth of Nations (i.e. The Anglosphere countries that were once part of the British Empire)

I was born in Northern Ireland. I can have both UK and ROI passports at the same time.

>cost
What cost? Mine's free, having been born with them and whatnot. I don't pay any more taxes than any of you guys.

>>205425

How's that work? Is there like a ROI right to return to Eire scheme for the orange bastards or something?

>>201348
>Israel
WHY

>>205545
lol all the the advantages of being a minority while being white, are you kidding?

>>205425
certificate/conformation of citizenship
national birth certificates
translations/certification of translation of other nation's documents
passport
national ID

Fees can add up fast to get documented.

>>206452
>certificate/conformation of citizenship
>national birth certificates
>translations/certification of translation of other nation's documents
>national ID
Never had to do any of this.

>passport
It's like what, 150 bucks every 10 years.

If I think of it as an express lane ticket at immigrations, then it's pretty cheap. I travel back and forth frequently anyway.

And like I said, I had this shit since I was born. I don't need to get "documented" I was born documented.

I have russian and canadian citizenship. Rate/10

>>198813
>not having triple citizenship
>2014
Antigua, USA and Morocco.
Ah yes the glories of Birth Tourism and outdated citizenry laws.

is it worth being a citizen in Australia, I'm a US citizen

>>206478
>Never had to do any of this.

Then your parents did most of the paperwork for you. I doubt there are many countries where you can just waltz into their consulate and take your word that your father/mother/great aunt/niece/god father was a citizen and give you a passport on the spot if your not documented.

>>198813
If you plan on never working a job requiring a Security clearance, then well w/e.

If you're already a citizen of a first world country, then theirs probably no benefit.

If you were in india and claiming american citizenship, then well that's different.

I have EU and Aus, pretty helpful when I'm travelling

>dad is a britfag
>I was born in America and have lived here all my life
>dad moved back to britbong land 20 years ago
>now he moved to norway and renounced his britbong citizenship as that's what you have to do to become a squarehead
>You can't renounce your britbong citizenship though so he could always go back and have it right back
>could I become a squarehead now?
>could I still become an imperial slave?
>tfw I really don't give a shit if I could anyway

>>210022
but that's wrong.

Dual citizenship gives you

1. choice of retirement plan
2. flexibility of employment and greater employability for a great many top firms
3. tax and investment options
4. Choice in schooling for your kids
5. multiple fall back plans in case of medical bankruptcy or emergency medical treatment

This is just off the top of my head.

If you can get dual citizenship, DO IT. There's no reason NOT to unless you plan on working for the CIA

Guess which country I have dual citizenship with.

>>210045
Democratic Peoples Republic Of Korea?

>>210044
>MFW it's cheaper to utilize universal healthcare in my other country (including plane tickets, and hotel costs) than to get surgery in the US
>MFW free vacation

Canada/US citizen here.

Anyone know how to avoid US withholding taxes on dividends paid to investment accounts located outside of the US?

>>201571
How much more inexpensive is land outside of the US? I feel like land in Europe would be really expensive.

>>198813
>mfw US and Swiss dual citizen
>born in US
>married cute Swiss girl
>she didn't know it was just to gain citizenship
>because fuck how hard it is to get citizenship in Switzerland legitimately
>left her after a year
>after court case I get to keep my citizenship
get rekt

>>201571
>owning land in countries other than the USA is cheap as fuck
In some third world shithole country perhaps.
In Canada a average-sized house in the suburbs of a middle-sized city start at 400,000. Sure, you can buy huge lots of land up north, but they're an 8 hour drive from any real city and are practically inaccessible for most of the year.
Owning a home in the US is SO much cheaper. It almost offsets the absurdly high cost of healthcare.

>>212282
depends on where you go.

Land in europe can actually be cheaper in many instances. Take a semi-rural area with access to public transport and basic services. Europe is cheaper. Even in some city centers (e.g. berlin) property is cheaper than in non-major us cities such as san diego or atlanta.

>>212290
an average sized house in the suburbs in a middle sized city in america also starts at 400k.

What are you smoking, man?

>>212289
That's kind of messed up.

>>212315
he's lying. Even after marriage it takes half a decade at LEAST to get citizenship, and if you divorce, your citizenship is put up for review.

Any good places to get dual citizenship in the Southeast Asia region? I wanted to do Singapore but I was told that they won't allow me to have dual citizenship, maybe Hong Kong is a possibility?

>>212280
>Buy a cheap as fuck american insurance plan
>tell them about your dual citizenship
>they pay for your plane ticket and hotel costs because it saves them money

>>212307
>an average sized house in the suburbs in a middle sized city in america also starts at 400k.
In 2007

>>212329
Hong Kong is effectively china now. AFAIK you can't have dual citizenship with the US and China. Asia as a whole forbids it.

>>212402
property prices are back up to their 08 peak. Hence the recent news stories of "it's not a bubble this time guys, we swear!"

>>212329
Forget HK, you need Chinese blood.

>>212404
>>212532
Well shit I'll just have to research more than before maybe New Zealand or Australia would be an option, either way it's time to hit the books.

>>210044
>1. choice of retirement plan
>3. tax and investment options
>5. multiple fall back plans in case of medical bankruptcy or emergency medical treatment

Can you go more in detail on these points?

>>212231
>>212401

[citation needed]

>>213595
1. Choice of retirement plan
You get to choose between SS or say, superannuation. It depends on the country. You also get to choose between traditional compensation packages between the two countries. THEN you have two choices of country to retire in, EG america is better to work in than most countries, but europe and asia are better to retire.

3. Tax and investment options
Depending on what country you hold your assets in, there are different tax rates and different vehicle options. This includes, say, passing on wealth to your kids, and options such as ROTHS or say, singaporean lack of fucking any taxes whatsoever.

5. Fall back plans

Medical treatment should be obvious. In terms of other backup plans, with dual citizenship you have multiple options for opening accounts or transferring money in the case of a bank run. I bet you anything cypriots would have loved dual citizenship when the wealth confiscations happened.

It gives you other options in terms of passing on assets to your kids, or avoiding getting fucked in divorce as well.

TLDR, if you have the ability, GRAB a second passport.

>>203519

Yes.

>>205425

It can be expensive.

I'm eligible for an Irish passport but since I wasn't born in Ireland I'll have to apply to the foreign births registry which costs about £250 last time I checked, fucking Irish jews.

And then there's the cost of actually getting the passport, £70 at least, my UK one doesn't run out for another 5 years so it's not like I'd need to pay this anyway.

It's a fair amount of money for something that gives me very little benefit. An Irish passport gets is worse than a UK one in terms of entry requirements and consular protection, the only benefit is that it's supposedly better to pull out in a terrorist situation since there's little hatred towards the Irish (or certainly less than towards Brits).