Your average bureaucrat might not understand why you have five different passports and four other residence permits on top of that. "Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks, Offshore Banking: How to Open an Offshore Bank Account Legally, The best offshore banks (even for Americans), The easiest place in the world to open a bank account, The 5 countries with the safest offshore banks, Offshore Company: How a Foreign Corporation can Reduce Taxes, Labuan: Asia’s secret haven for an offshore corporation, Second Passport: How to Get Dual Citizenship, The Fastest Countries in The World to Become a Citizen, Get second residency and pay no tax in these 20 countries. For many of us looking for the full Nomad Capitalist experience, giving birth in Brazil is an interesting – if not exciting – prospect. You can apply for permanent residence after 5 years and, although it’s not quite the same as citizenship, that’s actually good enough for most people.When applying for citizenship, there are a number of requirements that you have to meet. Your final decision will ultimately come down to personal preference. One of the most important issues to consider when planning your trip is timing. The reduction of the period to one year also applies to foreigners who have Brazilian parents or who have provided relevant services to the country. You can read more on our website about this: https://www.liveinbrazil.net/. The first step in the process of giving your child citizenship by birth in Brazil is arranging a visa. A Brazilian passport can therefore be a great asset for your child as they join you and your partner in your Nomad Capitalist lifestyle. Learn how your comment data is processed. So let me rephrase things shorter. On one hand, you want to have enough time to get settled, visit your Brazilian doctor, and recover from childbirth, but on the other, you should limit the time you spend in the country to avoid issues like visa overstays and tax requirements. Multiple nationality may result in limitations when it comes to the claim of certain rights, such as requests for consular assistance when you are already considered a local. They will always have the power to bring immediate family to Brazil during their lifetime, no matter what their age. While a couple of trips out of the country to attend to urgent matters or visit family might be understandable, a bureaucrat will likely not comprehend why you needed to spend four or more months out of the year traveling to 20 different countries for meetings and other affairs. You will want to work with a professional who can help you legally navigate the system and work with bureaucrats to ensure that your permanent residence application is sound. As we first started to get to know each other, my fiancé and I discussed the important things we wanted in life, such as children. Do you think that’ll be possible after 43 years? We have expect a 2nd daughter in April. Therefore, for most people looking to pursue a Nomad Capitalist lifestyle, getting Brazilian citizenship by naturalization is not worth the hassle. No fee is charged for this service. Deciding whether getting Brazilian citizenship by naturalization is right for you and your partner, on the other hand, is a bit more complicated. Rio, for example, has a wealth of top-tier hospitals, but its hectic environment and safety issues at night can make long-term stays difficult to manage – especially while pregnant or with a newborn. While hospitals should certainly be a factor in your decision-making, you’ll find that there are plenty of great ones throughout the country – especially in expat-friendly areas. Spending the vast majority of your time in one country may hinder your ability to pursue and maintain your global business interests, and you will also need to pay a sizable tax on your yearly income. If my wife and I have our second daughter there, she is automatically Brazilian from day one. Both are able to: 1. participate in full employment or self-employment (without a Portuguese work permit) 2. participate in education and study 3. access Portuguese social security benefits and pensions 4. buy property in Portugal However, there are additional Portuguese citizenship benefits, such as allowing you to: 1. vote in Portuguese elections and referendums 2. obtain a Portuguese passport, ra… Now I am seriously thinking of getting it renewed. If that’s the case, then you can always explore alternative options like second citizenships that offer citizenship to your descendants. 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