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Bankless


Jul 10, 2024

Is it a good idea to diversify your citizenship given the current global landscape? 

We brought on Andrew Henderson, an entrepreneur, a global citizen to nearly a dozen countries around the world, and the founder Nomad Capitalist - a company that helps people maximize their freedom by getting multiple citizenships and passports.

Hear why considering a second or even a third citizenship might be beneficial, the most crypto-friendly jurisdictions, and what an exit tax entails. Andrew also shares why he renounced his US citizenship and provides insights into the costs and process of obtaining a second passport. 

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📣DEBRIEF | Ryan & David Unpacking the Episode: 
https://www.bankless.com/debrief-the-andrew-henderson-interview 

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TIMESTAMPS

0:00 Intro
6:04 Where Is Andrew?
6:52 Andrew’s Citizenships?
8:26 Audience Overview 
10:47 Andrew On Multiple Citizenship?
14:41 Option To Exit 
21:17 Why Multiple Citizenship?
29:01 Is Multiple Citizenship Urgent?
35:20. What Is Exit Tax?
41:32 Regaining US Citizenship
46:20 Andrew’s Top 5 Citizenships
51:36 Dual Citizenship: Factors & Process
54:30 Who Is It For?
59:31 Lifestyle Trade-Offs
1:03:51 Crypto-Friendly Jurisdictions?
1:06:02 Digital Citizenships?
1:07:19 Is This Unpatriotic?
1:10:54 What If There’s No Option?
1:15:47 Is This Unfair?
0:23:30 Summary & Resources 
1:27:21 Closing & Disclosure 

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RESOURCES

Andrew Henderson
https://x.com/nomadcapitalist 

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures