You have a legal right to a bank account, but convincing a bank to let you open an account when you don't live in the country is an uphill battle

@timlinator

Жыл бұрын

@Lean Mean Cleaning Machine depends on the country but in most EU countries you do have that right.

@mbican

3 ай бұрын

Well, but you don't really need that they are kind of all the same, just get 10 accounts in the state where you live 🤷‍♂️

@user-ov5nd1fb7s

25 күн бұрын

1. rent a room/apartment for a month 2. register your address 3. open a bank account 4. de-register your address 5. leave the country 6. use your bank account

Another neat thing is that if you're in a foreign country and need emergency consular assistance, and your country doesn't have a consulate in the country, you can receive assistance from any other EU country's consulate. Btw great channel. Much better than the Crapitalist channel.

@OffshoreCitizen

2 жыл бұрын

Exactly, that's an amazing benefit! Thank you for the compliments and support!👍 Are you an EU citizen?

@georgemkay5980

2 жыл бұрын

He made a video yesterday about how you should only go with Portugal and Ireland because of potential future citizenship based taxation. But he’s also contradicted himself before by saying if the EU implements a CBT system all member states will most likely be affected

@ashvina8244

2 жыл бұрын

Yup Exactly.

@EnderViBrittania

2 жыл бұрын

@@georgemkay5980 I can’t find any such video…

@nathaliek798

Жыл бұрын

Hi there. I didn’t quite understand your comment. I am RO living in SP… so what exactly did you mean by your comment? 😢Could you please give me a hint ❤thank you kindly 😊

Thanks for sharing this wonderful video.

@OffshoreCitizen

2 жыл бұрын

Always our pleasure 😄 What's your take on today's topic?

Thanks I just got my Maltese Passport/Citizenship (I live in Australia) So really excited to finally start to work over there

@OffshoreCitizen

Жыл бұрын

Congrats! Exiting times ahead of you! How do you like Malta?

You should make a video on Top rank passports and your methodology for ranking passports.

@OffshoreCitizen

2 жыл бұрын

That's an interesting idea, thank you! How did you like this video?

I have US & EU (Irish & Italian) citizenship by decent. Plan to relocated at some time soon.

You can do a video about the Benefits to get an Ecowas passport because I am thinking about it

Also, if you are an EU citizen you could go to St Marteen for instance.

Hello. Great video and information. I'm wondering how you arrived at the $750,000 figure as the value of a EU passport? Please clarify. Thank you.

I just came across this older video of yours and do not know if you still see the comments added to it afterwards. One question that you did not address and I will ask the simple version of this question as there can be many nuances attached to this innocent question. Can an EU citizen buy properties in other EU countries, easily? I understand that there are greater questions also attached to it which would have to be handled in a private consultation with you.

This was a good one. I’ve been living in Portugal on D7 and was hoping to naturalize after five years. However, I did more research and found out that I’m actually eligible for Italian through my ancestry. I have job opportunities in Asia and don’t want to waste any more time. It will be fantastic that I won’t waste any more time and still get an EU citizenship with tons of benefits. If I want to go back to Portugal later or any other EU state I can. And of course as a travel document it’s fantastic along side others and I’ll never have an overstay problem in the EU

@OffshoreCitizen

2 жыл бұрын

That sounds amazing! Where in Asia will you work?

@georgemkay5980

2 жыл бұрын

@@OffshoreCitizen hopefully China. I’m in Thailand now and lifestyle is amazing but I get progressively more lazy as the days go by. If you have good Mandarin and Portuguese the coming decades will prove quite lucrative in terms of business

@EnderViBrittania

2 жыл бұрын

@@georgemkay5980 Where in Thailand is lifestyle amazing? Isn’t Thailand dirty?

@blueocean2510

Жыл бұрын

In the New EU bio data of person and both parents born in EU gives right to live and work. This will end immigration, as passport control will be automated, with bio data of person and both parents born in EU on passport.

@enzonavarro8550

6 ай бұрын

Italian bureocracy is very slow though. People in my country are waiting at least 15 years to get Italian citizenship. There are other ways of getting it but some demand living in Italy for a determined time. It could be quicker to naturalize in Portugal

Finally good to see we have some rights and not just obligations to fund an ever-expanding oppressive bureaucracy. The free movement of people is a great thing though. Banks DEFINITELY don't always comply with EU rules.

Another major advantage of having an EU nationality is that you have an ease-of-access to live/work in non-EU Switzerland. However this benefit does not extend entirely to all EU nationals as those coming from some of the more recently joined countries (Romania/Bulgaria/Croatia) have a few more hurdles to go through - but nothing major from what I understand.

@arthurarthur7977

2 жыл бұрын

totally false, you are misinformed

@grassytramtracks

Жыл бұрын

That's not true, any EU citizen can live and work in any other. Whilst Croatia, Bulgaria and Romania are not in Schengen, that is completely different from freedom of movement, and you still have equal freedom of movement rights if you're from a non-Schengen country (Irish and Cypriot citizens enjoy the same rights, and British citizens did pre-Brexit)

I'm from Argentina and I have Italian citizenship. I hope to get a job in EU to move there soon

Bulgarian citizenship - I have to relinquish my current passport and speak Bulgarian?

Hi. I am a collage student in Turkey. I am going to go to Poland in winter for erasmus exchange programme. I know that turkish people needs visa to go to europe bu i am both turkey citizen and bulgaria citizen. I am thinking about going there with my bulgaria passaport but i wonder do i have a time limit to stay there? I ve been to another eu countries before but it was not for a long time. I just wanted to make sure that do i have the right to live in Poland with my bulgaria citizenship for like 5 months?

@miltiadisorfanidis7489

Жыл бұрын

You have dual citizenship Turkish and Bulgarian, because of your Bulgarian citizenship you have the same rights as any other EU citizen, you can live work retire in any EU country you want and stay for however long you want because of your Bulgarian citizenship. I have both British and Greek citizenships. Like Turkey, Britain is a third country, because of my Greek citizenship which is EU citizenship too I have the same rights as any other EU citizen.

Hello Michael. I crossed your nice channel and saw your high knowledge. I started living in Europe -Netherlands- some years ago and now I have the possibility to get the permanent residency and the citizenship. I was thinking on applying to the citizenship however I am not really sure since I would have to abandon my nationality (Colombian) for regulations in NL. I know it is a bit silly but since I am starting in the financial journey I would like to know your opinion. Can I stay outside the EU for long periods with just the permanent residence? is it good to lose my other nationality?

@OffshoreCitizen

Жыл бұрын

Best is to book a call to discuss your specifics calendly.com/michael-rosmer/

@AddySweet

11 ай бұрын

Mostly you can stay outside the country for 2 years or EU with permanent residence card. Some times you have to contact the Netherlands embassy or relevant authorities about your intention to keep your residency. It would be best you check with the IND

Thoughts on Evergrande Group failure?

I strongly second your observation that many EU citizens (particularly those I know in the USA) don’t know the benefits of EU citizenship for them AND their families. What’s also surprising to me is many US-born citizens (I suspect elsewhere too) don’t know they can acquire EU citizenship via their parents or grandparents!! While the details (e.g., knowledge of the language) may vary from country-to-country-if you can do it; why not! Thanks for this video. 🙏🏻

@OffshoreCitizen

2 жыл бұрын

You're welcome, thank you for sharing your insight on the topic! Anything you'd like to see next?

@grassytramtracks

Жыл бұрын

Even most EU citizens in the EU don't fully understand them, I don't think. I think that's why some of them chose to throw it down the drain

@blueocean2510

Жыл бұрын

In the New EU bio data of person and both parents are on passport identify documents, passport control will be automated, this will end immigration.. Had the people from former EU state been made aware Brexit may not have taken place, it is to late now.

@LimitedWard

Жыл бұрын

Lithunia's citizenship by descent is even more lenient. You may be eligible to reclaim citizenship as long as your GREAT grandparent was a citizen of Lithuania (with several caveats, of course).

Hi, Looking at applying for Portuguese D7 as a base (already have a property there) whilst sailing Med - although border free - legally is it 3 months in any ONE country eg: as a EU resident (D7) I could sail in French waters for 3 months, then Spain another 3 months? Thank you fo rany clarity

@AddySweet

11 ай бұрын

No, 3 months in 6 months for all EU/EEA countries. So if you spend 1 month in Spain, you have 2 months left to spend in another EU country. However since you have a type D visa and if you remain resident in EU, you can move around all EU/schengen countries (Except Ireland, Bulgaria,Romania) regardless of the limit because there is no internal border checks.

@Offshore Citizen does the EU give any rights to get residency in other EU countries with time? I bought an apartment in Hungary but never found any way forward with that even being an EU citizen. But sure, yes, I get to stay there as long as they stay in the EU, which perhaps is not a given, forever. Some legal status would be better

@dr.honorable141

2 жыл бұрын

if you are an EU citizen requisites are minimal, most important to have a registered domicile in country, go ahead and make your residency application

If I'm a Spanish national and I go to Bulgaria but I'm not paying taxes (yet) in there, can I still have access to Healthcare?

@brooklyn1861

Ай бұрын

Yes

Im Irish and hope to move to spain and work from there for my Irish Company. I got advice from a solictor in Spain who is telling me, that I need residence and a work permit? And that I would have double taxation for both Ireland and Spain????!!! Surley that cant be right???? Im so confused.. Would really appreciate your advice.

@pauljones3073

Жыл бұрын

Yes you need a work permit, you have to get a national insurance number and prove that you have got a well paid job and money in the bank, they also need a residency address.

As an EU national from country A, living and working in country B, could they stop their residency in country B and move to country C willy-nilly, and become tax liable for their income in country C exlusively, as soon as they have acquired residency in country C?

@m1meer227

2 жыл бұрын

i.e., within the span of 1-2 months?

@jeremyleonbarlow

2 жыл бұрын

@@m1meer227 it all depends on the exit rules of where you live and timing of the move. I mean moving in January is a lot different than moving in September. Although the freedom of movement rules help facilitate the change for people. When it comes to companies a change of the seat of management may trigger a corporate exit tax.

@EnderViBrittania

2 жыл бұрын

@@jeremyleonbarlow Is there also individual exit tax in EU?

Please make video on campione d'italia Italian enclave in switzerland basically 100000 Euro Italy flat tax and live in switzerland

@internationaljohngalt5870

2 жыл бұрын

This

@lucchese20

2 жыл бұрын

Interesting point since I lived briefly in Lugano a long time ago and I’m an EU/Italian citizen. While the borders between CH and Italy are ‘open’ whether from Campione or any other border crossing-I don’t believe there are any special privileges living in Campione vs. any other Italian city near the Swiss border-but could be wrong about that. Thanks for asking. 👍🏻

@rohanindurkar6466

2 жыл бұрын

@@lucchese20 it has low vat(8%) vs Italian (22%).

@RinatMenyashev

2 жыл бұрын

wow, that's very neat

Not sure if you’ll respond to this seeing I’m over a year late I wish I would’ve found this channel sooner. Just to confirm what I think is correct if you’re a EU citizen you DONT have to leave the Schengen zone after 90 days. Is that correct or false?

@OffshoreCitizen

Жыл бұрын

This is correct. EU citizens can spend as much time as they want within the zone

@grassytramtracks

Жыл бұрын

Correct, EU citizens have the right to live and work in any EU or EEA (EU plus Norway, Iceland and Liechtenstein) country and Switzerland, meaning citizens of non Schengen countries in the EU (Cyprus, Ireland, Bulgaria and Romania) still have the right to be in the Schengen area and vice versa

@AddySweet

11 ай бұрын

But you have up to 6 months to look for a job and can be extended to 1 year. If you have sufficient funds or dependant on a family's resources you can stay without working. Or if you have unemployment benefits in your or another EU country you can transfer it to your country of residence and use it as a source of income for 6months - 1year. Some EU countries demand you to have Health insurance and you can only have this if you are employed, via family working there or paying voluntarily.

can you just indicate before I call you which country or island has no VAT and import duties, and no income tax, so that I can look into that, live in europe

@tinglestingles

2 жыл бұрын

Why not try Google?

Right to an EU bank account only works if you are a tax paying resident. Otherwise you'll just be kicked out by most bank as they don't want to deal with the compliance cost... and doing it half, still pretending to be resident might get you into tax problems later on.

@jeremyleonbarlow

2 жыл бұрын

Acquire enough assets so that the hassle is always worthwhile and the Swiss will welcome you into their banks with open arms, assuming of course you are not a criminal with nefarious dealing that make it nearly impossible to discern the legitimate source of your funds.

@musavillarin6102

2 жыл бұрын

As an EU citizen in Estonia without a Job or business you cannot open Bank Account

@EnderViBrittania

2 жыл бұрын

@@jeremyleonbarlow But that means you will have to leave your investment assets with the Swiss bank, right? And pay their high fees and use their outdated interfaces. Instead, you could use Interactive Brokers or some modern company like that with low fees and amazing interface and features. Or am I missing something?

@infiltr80r

2 жыл бұрын

Depends on the country. I opened a bank account with minor difficulties only while not being a resident. I'm a citizen though.

@infiltr80r

2 жыл бұрын

@@musavillarin6102 That's not true. But they did ask if I'm an Estonian citizen. Residency was not needed.

Cool video. Do EU citizens/non residents have free emergency medical services?

@denydeni144

Жыл бұрын

yes

@Martini923

11 ай бұрын

Yes and even vote in that country, the Irish passport is special they don’t need visa to live and travel to UK as UK left the EU. Other EU citizens have to apply for visa for the EU.

From a former EU citizen in the UK this is a great video. Shame our rights are now barely anything .

@OffshoreCitizen

2 жыл бұрын

Thanks! Are you considering moving to a EU country?

@brendonsullivan3354

2 жыл бұрын

@@OffshoreCitizen Yes . My girlfriend is Polish so definitely we want to go at some point. My EU citizenship is vital for me .

@ssanonswu2010

2 жыл бұрын

Check if you have Irish parents/grandparents

@anthonyvasquezactor

Жыл бұрын

You can still move to Ireland, live there for five years and get EU citizenship.

@davidostrowski679

Жыл бұрын

@Z.K. I did it with Poland. My grandparents were born there. So I was eligible for citizenship

can i come back to europe after voluntary departure? Because I was on asylum in Austria and married with Czech National

@OffshoreCitizen

2 жыл бұрын

Yes

Is it good to have a Swedish/EU passport any good you think?

@ashvina8244

2 жыл бұрын

Yup Swedish Passport is great

@OffshoreCitizen

2 жыл бұрын

Yeah all EU passports are very valuable. Sweden is a terrible place to live for tax but the passport is great

So got a question, if I have an Irish passport, what do I need to move to spain. Can I literally just move there? Do I need a visa?

@upwards771

2 жыл бұрын

Also can I work for a UK company and work remotely in Spain full time? 🤔

@Rdburnzy

2 жыл бұрын

@@upwards771 yes to both

@grassytramtracks

Жыл бұрын

no visa, just go there, with our passport and go looking for a job (but you will need to register your address with local authorities), that's the point of free movement

DUBLIN ROI Foreign Births Register is suspended, pending reopening? Their passport is now one of the best, together with unrestricted testamentary freedom of trust equity to dispose of assets!

Assuming you have an EU passport, do you still need residence permits to live in an EU country of which you are not a citizen of?

@OffshoreCitizen

2 жыл бұрын

No permits needed. You may need to register in the local office, but that’s about it. It’s extremely easy and straightforward process for all EU citizens to go and live in another EU country. It’s amazing!

@davidostrowski679

Жыл бұрын

@@OffshoreCitizen exactly what I'm doing. I'm a British citizen but now also a Polish citizen by descent and a Digital Nomad. So it'll be great to live in various countries for longer than 3 months if I fancy it

Thanks, there is definitely a value in the EU Passport!

@OffshoreCitizen

Жыл бұрын

For sure! Do you have one?

unless you have a running business, then you‘ll have to pay huge exit taxes

@jeremyleonbarlow

2 жыл бұрын

Depends on how and where you structure the business, where your employees are, where the seat of management is, and whether or not there is a permanent establishment of the company where you live. Also depends on if you want to move it. I mean paying the 12.5% corporate rate in Cyprus, or the 9% corporate tax in Hungary or the as low as 5% corporate tax rate in Malta is a lot better for your business than the 21% in the US, or even the 0% in the UAE in some instances. I mean a lot of adult content producers and distributors are set-up in Hungary, Cyprus, and Malta, I doubt they would last long in Dubai. They used to work out of Panama, but transactional banking in Panama for the adult industry isn't what it used to be thanks to that massive document dump a few years back.

@OffshoreCitizen

2 жыл бұрын

Jeremy, you’re absolutely right about this. UAE will not let you open a company if you’re in one of the businesses that’s on their “black list”. Adult, gambling, etc can’t even consider UAE as a place to set up a company.

What are the easiest options for Americans? Portugal?

@maxinorge

2 жыл бұрын

Yeah or Spain it's pretty easy to obtain it but can take even up to a few years. Although u can bypass this by being in a relationship with an EU citizen

@zoro3618

Жыл бұрын

If your Italian American and your father or grandfather was Italian you can gain citizenship.

@grassytramtracks

Жыл бұрын

@@maxinorge but Spain doesn't allow dual citizenship with most countries, and I don't believe the US

So I have an Irish passport, I can go to Lithuania for 3 months without registering anything, then can I go to Latvia for another three months without reporting?

@OffshoreCitizen

Жыл бұрын

Yes

@GangstTheEr

Жыл бұрын

@@OffshoreCitizen And then could I go back to Lithuania or do I have to wait one year?

@grassytramtracks

Жыл бұрын

@@GangstTheEr Yes, you can go back to Lithuania, you have the right to live and work in any EU country

@AddySweet

11 ай бұрын

​​@@GangstTheErYou can stay in Lithuania or any EU country up to 6 months without registering. If by 3-6 months you leave Lithuania and return again next day the clock restarts. Fortunately you do not need to register in Ireland or health insurance so they can not demand for registration certificate in Ireland to track when you went back.

Boy am I really glad we in the UK pulled out of the EU, just what we need in this country is less rights and more restrictions #sadsarcasm

@zoro3618

Жыл бұрын

I’m just happy that I have British and Dutch 😮‍💨 but you can live in Ireland for 5 years then get Irish citizenship

@grassytramtracks

Жыл бұрын

I'm very fortunate to also be a French citizen

In the New EU bio data of person and both parents born in EU are on passport identify documents, this allows the right to live and work. It will end immigration. Thank you for supporting the New EU.

After Brexit 🇬🇧 there are 27 countries in EU 🇪🇺

Norway is not part of the EU but is part of EEA,EFTA, and Schengen, can Norwegians still move freely to any EU country including overseas territory such as Guadeloupe ?

@OffshoreCitizen

2 жыл бұрын

No

@goodvibesforever8888

2 жыл бұрын

@@OffshoreCitizen I spoke with the French embassy in Oslo about this, they said yes, why do you mean it wont be possible? Are you aware that Norwegians can move to any EU country with the same rights as other EU citizens?

@grassytramtracks

Жыл бұрын

@@OffshoreCitizen Guadeloupe is not just a territory, it is just as fully a part of France as Paris, and Norwegian citizens enjoy the same right to live and work in the EU as EU citizens, and EU citizens can live and work in Norway

@miltiadisorfanidis7489

Жыл бұрын

Don’t worry Norwegian citizens DO have free movement across the EU the EEA and EFTA

And what are the negatives?

@OffshoreCitizen

2 жыл бұрын

Of EU citizenship? I’d dare to say very few to none. EU citizenship is an asset, and unlike in America you will not be taxed on your citizenship no matter where you live. If one has the ability to obtain EU citizenship (from any country) they should by all means do it.

@grassytramtracks

Жыл бұрын

I guess some countries in the EU forbid dual citizenship, but that's about it, EU citizenship is a great thing that I still have (I'm British but my mother is French, so I'm a French citizen too) and something snatched from the Brits who didn't vote for this Brexit nonsense

Can I live anywhere in the EU without needing to have a job?

@maxinorge

2 жыл бұрын

Yes as long as its in EU like going from state to state in the US there's no borders often times the only way u can tell u Entered a different country is by a sign

Most of us don’t have Slovakian wives lol

Didnt know that EU citizens have thr right for banking anywhere in EU. Nice fact

@OffshoreCitizen

2 жыл бұрын

It sure is. Are you in EU?

@4ivar

2 жыл бұрын

@@OffshoreCitizen Yes, Sweden. Most people dont think about moving around, I think thats the reason people dont know these stuff. It sure wasnt taught in school (or I wasnt paying attention).

Actually in Bulgaria presenting an EU passport is a disadvantage for account opening

@musavillarin6102

2 жыл бұрын

Wow

@EnderViBrittania

2 жыл бұрын

Why?

@ffi1001

2 жыл бұрын

Leave out the Russian propaganda please

Europe is fucked badly now days

As EU citizens we can only stay in other EU member states for up to 3 months. Beyond that we have to apply for a permit (on the basis of e.g. work or education) or leave for a while before coming back for another 3 months.

@OffshoreCitizen

Жыл бұрын

You don't need to be applying on the basis of work or education you have the right to live as a citizen

@AddySweet

11 ай бұрын

​@@OffshoreCitizenYou indeed have 3 months free stay and then up to 6 months to look for a job Or you have sufficient funds. Some times they extend it to 1 year. You should remember most EU countries require you to register and have health insurance. If you don't have health insurance you can be asked to leave and you are not allowed to take public funds unless you have unemployment benefits in your or another EU country and transfer it to your new country of residence. Some EU countries are lenient on the law some are not.

Du ma My lao? Tui may gion mat thach thuc luat phap quoc te?

Can you speak abit slower pls!

@OffshoreCitizen

2 жыл бұрын

Thanks for the feedback, will do. Any other suggestions?

@tinglestingles

2 жыл бұрын

You can slow down the video on KZread.

@jeremyleonbarlow

2 жыл бұрын

@@tinglestingles I understand that non-native English speakers have difficulty keeping up, so I get why people make the comments, but Michael talks at a reasonable pace for any native English speaker and for a New Yorker, his Canadian pacing is on the slow side already, so I greatly appreciate you giving audience members this valuable suggestion.

@tinglestingles

2 жыл бұрын

@@jeremyleonbarlow He sounds ok for Brits like myself also. His speed of speech is exactly the same in real life. I have consulted with Michael on residency matters with no issues.

@infiltr80r

2 жыл бұрын

@@OffshoreCitizen You speak normally, I hope you don't adjust this. Plenty of droning KZreadrs who need to be sped up. Not a native English speaker either here...