Why You Should Leave Your Country | Andrew Henderson

Bankless

Jul 10, 2024•1 hr 28 min

--:--

Listen in podcast apps:

Listen to this episode in Metacast mobile app

Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

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.

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

------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/28

------
BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2 ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle

🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap

⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance

⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku

------
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

------
RESOURCES

Andrew Henderson
https://x.com/nomadcapitalist

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

For the best experience, listen in Metacast app for iOS or Android

Open in Metacast