When a country is governed with populist policies becomes less favorable – for example – for freedom and business, and as Mexico It is already sailing through those waters and it seems possible (only possible) that the seal of the next six-year term will be the same, It is advisable to have a plan B.
Normally, the institutional, economic and social deterioration caused by a government with socialist overtones tends to be relatively slow, about 10, 15 or even 20 years, and to emerge from such a scenario, A viable option may be to have legal residence in another country or dual nationality.
So in situations like that and others, whether natural disasters, wars or pandemics, the second rule of Portuguese soccer coach José Mourinho's game manual applies: “If you are prepared for the worst, then you are prepared.”
Therefore, if your plan B includes moving to a country with a favorable climate – according to your needs – for freedom, security, business, health, education, preserving wealth, paying less taxes…, permanently or temporarily , the key is that you have to travel and, therefore, have a passport, the more powerful it is, the better.
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And to determine the best citizenships in the world, the Dubai-based consultancy Nomad Capitalist produces the Nomad Capitalist Passport Index, which ranks 199 countries taking into account five criteria: visa-free travel (50 percent), taxes on citizens (20), global perception (10), dual citizenship (10) and personal freedom (10).
The best choice
Among Mexicans, it is common to think that a good choice is to move to the United States.which, although it receives the best marks for freely allowing its citizens to have dual nationality, obtains average scores in global perception and personal freedom, which is why it is located at step 44 of the index.
The top 10 countries in the ranking (eight of which are European) excel in the criteria of visa-free travel, tax laws, global perception, dual nationality and personal freedom, led by Switzerland, which “offers its citizens exceptionally high levels of freedom and privacy.”
Its neutrality allows its citizens to “remain some of the most respected travelers in the world,” and also highlights why its dual nationality laws “guarantee that expatriates can access their own slice of Swiss happiness.”points out the consultant.
In second place is Ireland, because although it had a “slight change in its low corporate tax rates”, its passport visa scores are among the highest. Furthermore, thanks to its excellent international reputation, its citizens travel – in general – without complications.
They are followed in the ranking by Portugal, Luxembourg, Finland, the United Arab Emirates, the Netherlands, Norway, Germany and New Zealand. Mexico, which has allowed dual citizenship since 1998, appears in 55th place, tied with Costa Rica.
In short, having dual or multiple nationalities can give us important advantages, including employment opportunities, the right to access social benefits (such as education, medical care, pensions), property rights and unrestricted residence rights; all necessities for the intelligent investor of the modern world.
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William Barba Master in Economics from the Austrian School; liberal, gold market specialist and editor of the investment newsletter Top Money Report