Jeremy Savory
Appearances
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
If you've got talent and you've got capital, you can't be wasting it sitting in a high tax jurisdiction. There's countries all around the world saying, come here and you won't pay any taxes for 10 years. Who wouldn't take up that offer?
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
It's allowing us to be able to do online businesses where we don't need to be physically in one country. So you can run a business from another country, live in another country. And What we can do is we can leverage the fact that 190 countries in the world are competing for talent and capital. And that's what I do.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
If you've got talent and you've got capital, you can't be wasting it sitting in a high tax jurisdiction like the US or United Kingdom. There's countries all around the world saying, come here and you won't pay any taxes for 10 years. I mean, who wouldn't take up that offer?
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Yeah, so I think there's a book that is a really important book that anyone who's interested to know how the world is going to be because of technology and how governments are really going to struggle to be able to contain us. And that's called The Sovereign Individual. It's written by William Rees-Mogg. And this book talks about how...
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Over as societies have changed over the years, how governments or the state or the church or whatever it may be, has tried to be able to confine people. And now obviously there'll be people who can and can't do this. So if you're doing manual labor or physical labor, this is going to be tough for you. But technology is coming to every part of our business. It's everywhere.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
It's invading the whole of society. But knowing that you can go and be in one country, you can obtain a nationality from one country, you can obtain a residency from another, you can be a tax resident in a third or incorporate a company in a third country. And you can do business. It's like all these companies like Amazon and Google are doing.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Starbucks, for example, makes tons of money from the UK but pays almost no tax because they are able to charge the franchise fees and loyalties to a third-party country, which allows them to mitigate their taxes. But people are doing the same. A lot of people are moving to tax-friendly jurisdictions and running their business there.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Let's say in South America, you've got Paraguay, you've got Panama. These are two very well-known countries where you have a lot of North Americans. I've been there and I visited them last year. They're down there saying, I don't pay any taxes here. My rent is a third to two-thirds sometimes less than what I'd be paying back home. I get to live very comfortably.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Well, I mean, you can have 50 degrees July and August. so i mean you guys use fahrenheit yeah is that 100 it's really hot it's desert hot it's uh it's even the the sea the sea itself is even warm you don't even go in the sea because the sea is warm that's how hot it is so it's pure pool time and to be honest with you most people kind of get out of town for that you know you want to be cooking
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
The cost of living is much less than it is in the United States. I mean, when you see that a carton of eggs is like a dollar an egg, right? It's like 13 bucks for 12 eggs. You go to South America. One thing I've noticed living and being married to a Latina is like the first time she met me and I started cooking and I use cooking inverted commas. She was like, I don't understand why you guys
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
use cook food from tints like it's it's a british thing we like cook food things like we're not known for our food by any stretch and she's like we get everything from the soil everything's fresh avocados mangoes um root vegetables and so imagine you can be from united states which by the way if you're saying the uk is pretty bad with food no offense but america
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
You guys, the food corporations, they take an advantage, but it's good to see that.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
But the good thing is that there is a day of reckoning in big food in the United States, which is really good to see. So when you get to eat fresh food, affordable cost of living, pay zero taxes, affordable rent, and run a business, which up until about a week ago, you could get paid in dollars, which was a very strong purchasing power. Obviously, that's changed slightly in the last week or so.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
But why wouldn't you want to leave? Like, I meet young guys crushing it in the crypto space or trading space and living in Vancouver or living in Toronto and, you know, what is it, minus 20 degrees, paying 50% taxes, 51% taxes. What are you doing? You can run that business anywhere in the world, and you don't have to be freezing your balls off either.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
So that's the way the world is going, and it's only going to accelerate.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Yeah, I agree with you. And I think Europe is one of those places that I can talk about very intimately. For example, recently I was looking to buy a property in France. So I thought, I have a good portfolio, I'm French, and the price of the property wasn't much. It was like... It was like 400,000 euros. It was an apartment near Monaco.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
The amount of documentation they asked me, I was like, why do I need to do all this? Like, come on, man. Like, it's very straightforward. It was almost like they were trying to find a way for me not to buy. I spoke to someone... And they said, oh, yeah, that's just the way France is. They just see the you being in the UAE. It doesn't matter, but they're just not really interested in that business.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Oh, great. So you don't want anyone in sovereign oil-producing nations to invest in real estate? I mean, you've been to the south of France. Isn't it mainly people from oil-producing nations that buy most of the real estate down there? So it's going against their best interests. I looked at the UK. I was with my family in London last summer.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Every summer, we kind of travel around Europe and the UK. I bring my entourage, my tribe with me. So I usually bring a relative, couple of relatives, my family. And we were staying in this Airbnb house. And my cousin came to pick me up. He's British. He lives in the UK. We left and apart from the fact that in the UK, this is what you have to pay. You have obviously your income tax.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
You have to pay taxes on your houses as well. So the value of property taxes. You have to pay road tax. You need to pay for your driver's and vehicle license registration. You also have to pay to take your car into London. It's called the ULEZ. So you have to pay to take your car into London. There is a daily charge for this. And then you've got a fine for coming to use that road
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
which should only be for residents of that road. It's like, guys, what's left? You're already paying for the parking as well. Is anything free? And I think that's when it was like, you know what? I had a really nice holiday. I'm going back to Dubai. See you later.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And you look at Doge, I really hope that, uh, Doge really does a good job. I don't know how it's going to turn out. But I think that everyone doesn't mind paying something. I think they would just like it to be a bit more transparent as in like, listen, just send me a bill for everything you need to do rather than I just pay.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And then it's just like, oh, you just have to trust that it's been spent wisely because you know it won't be. And I think my biggest concern is that the more that we tax the upper class or the wealthiest class, The biggest problem we have is that those people are the ones who have the most mobility, the wealth mobility. They're able to just leave.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
So when they go, you can try and exit tax them and you can try and tax them on their citizenship. But once they've gone, who's left? The middle class. So now you need to tax the middle class. So they can either leave or they can stay. But what's happening is that if they're also being taxed, what kind of message are you sending to them and everybody below them?
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Because now you take away meritocracy. Like, if you just know that the harder you work, the more taxes you're going to pay, we already have that as progressive tax rate.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
But if it's really that, oh, but when I build a business, I want to sell it, you're going to tax me on my unrealized gain as well, or my realized gain, then do we just become probably the worst thing we can be, which is demotivated and unambitious, and just in a form of status where, like, who's going to build anything? Who's going to create anything? Who's going to grow a business.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Who's going to take risks?
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Exactly. Exactly as you said. Now, obviously, we're going to miss home. You might miss the United States, but you can move to another state. You've got Puerto Rico. You've got Florida, for example. I miss home sometimes. I'm not all about the money, but I just had things that pulled me away to be in the Middle East, for example.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
I lived in Portugal for some time as well, and I've lived in other parts of the world. I lived in Africa and Asia. But the pull to leave the UK was stronger than the reason to stay in the UK. It wasn't purely financially driven. I mean, I would never have met my wife in South America. My wife would be English if I stayed in the UK. My life would be like my friends back home.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
But I happen to have now a life that is a little bit more exotic, a little bit colorful because I have a Latin wife. I have a lot of... I have a circle of business contacts, which is... really the envy of private banks. I mean, actually, I've had private bankers come to me and just say, like, you're sitting on something quite special here. None of this would have happened if I was in the UK.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
So my real estate investments, I would never, it would have been almost impossible to get the returns I've had staying in the UK. Even if I would be really good in the UK and focus on the UK, I've invested in multiple countries. I invested in 11 different countries. Now I'm just closing on a penthouse in central Medellin in Colombia, which will be done sometime this month.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
I've had properties in... Oh, where are we going?
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
She's not too hot with that idea. But yeah, so I mean, all of this, there's just so much out there in the world. There's investment plays, there's opportunities, there's businesses, there's tax plays. There's so much out there. And I think that this is just going to happen. I mean, I don't even need to advertise it.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
People are young people growing up in the US or Canada or high tax jurisdictions, just seeing no opportunities for them, no scope for growth. The only thing they do is if they do take a risk and they do work seven days a week, 365 days a year, it's a great big tax bill and future tax bills to come. And I think because I've been working in the second passport business for so long,
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
I think that there is a genuine concern that once the government starts to – they've run out of all the taxes they can come up with, income tax and capital gains tax and property taxes, annual property taxes that keep going like they have in California. Once they start to look at this, and then afterwards, they will wipe out the tax exemptions.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And then afterwards, when they will introduce taxes on those people who are leaving and try to implement exit taxes, which they did in Norway, for example, not too long ago. And now they're talking about it in France. Once they've done all the exit taxes, which, by the way, also stops people coming to your country because it's going to scare people away, what's the only tax that you have left?
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
As of today, there's only two countries that tax their citizens, and that's the United States that everybody knows about, and you have Eritrea. But Eritrea doesn't have the ability to enforce it. The United States does, which is why every American has to sign a FATCA form when they open an overseas bank account.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
But what happens when the rest of Europe starts to say, well, you know, we don't really have any more money, so let's tax for you guys because use our embassies, use our consulates. You've got a pretty strong passport. That's going to be worth some money. Then you need to pay every year for that. I mean, we're not far away from that day coming, right? I mean, it's coming.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
That's why people need to have a second nationality. That's why they need to take advantage of it.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Okay. So my citizenship and residency company, Sabrin Partners, has been doing this for 15 years. We've been helping hundreds of families. We've actually helped 2,100 families obtain a second nationality, sometimes a third nationality. And so what happens is that business takes care of it. Millionaire Migrant is my personal channel where people can get a consultation call with me.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Yeah. So, uh, I grew up in London, um, London born and bred. And, uh, but I grew up, my parents were deaf. So life growing up was a little bit different to normal people. I would say the average family household, but what it meant is that I, it also helped me to kind of see the world a little bit differently. I had to grow up a lot faster. I had to look after my parents and,
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
They can speak to me directly, which you don't really, nobody really gets that. But it also allows us to provide a guidance on tax and and residency, as well as citizenship by descent. So maybe we see that, Ryan, your surname looks a bit British. I think you could have a good shot at trying to get some, becoming a fellow Brit like myself. Could be Irish, actually. You could do that, Alford.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
So you've got those options. But if you wanted to obtain a second nationality, there's no restrictions being an American national. You can have any other passport you have. You can get it through investments. You can do it by descent, as I mentioned, by tracing the ancestry. You can do it by residency. You just live in a country for a certain period of time.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And afterwards, there'll probably be a language test and you could get that passport. There's countries like, well, pretty most countries in Europe, after five years, you'll be able to apply for the nationality, provided you speak the language. But let's say you wanted to do by investment. You've got the five Caribbean jurisdictions, which are St. Kitts and Nevis, Antigua and Barbuda, St.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Lucia, Commonwealth of Dominica, and Grenada. All those countries there, within a period of about six to, unfortunately, some are taking a bit longer, but let's say six months, you'll be able to obtain a second nationality. Now, that won't relieve you of your fiscal contribution to the United States unless you were to renounce. Renunciation can be done. It's lengthy.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
It's lots of paperwork around your financials, but it can be done and people do do it. And if you look at the data, renunciations have been going up year on year considerably for American nationals. But in order to commence the enunciation, you need to have a primary nationality. You can't just give up your one and only passport. You need to have a passport already.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
So, you can do that if you want to do that, but you don't have to. But if you can keep both passports and just keep one in your back pocket for emergencies, that's also an option. In terms of moving to Paraguay or any other country that has a zero tax or close to zero tax territorial tax, you just have to move there. My team will take care of everything.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
you move there and you just have to be able to make sure that you can show enough ties to that country and less ties to the country where you're actually coming from. So you want to do the 183 days, you don't want to be spending more time in the US, that clearly will show that you have ties to the United States.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
But if you can show more ties to that second country and less ties to the United States, you will be able to show that you're a fiscal resident in Paraguay for the purpose of this conversation. Invest in a company there, invest in a property there, have a very merry life down in Paraguay.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
I think Paraguay is also interesting because what I've noticed is that a lot of people now are getting very concerned about where to be when things get really rocky. Right now, we're talking an economic war with China. If things deteriorate, we know what type of war comes after the economic war. And I've had many conversations with many of my ultra high net worth clients.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And they're asking me, Jeremy, I've got this passport. I'm very happy with this passport. I have multiple investments around the world. I have bank accounts. I have gold. I have crypto. But where do I go when things get really bad? The simple answer is South America. If you really want to be watching from the sidelines and say, I've got no dog in this fight, it was never even my idea.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
in terms of being their interpreter when I go to the bank or when we're dealing with insurance. I had to grow up pretty fast, but it also meant that I didn't have other people telling me societal norms. This is how we do things around here. Then I never really traveled until for the first time really around 18 when I lived overseas. After that, I got the bargain.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Because let's be honest, none of us really have any agency over what our governments decide. And that's why people obtain second nationalities, because no one really feels that they have any power on their primary nationality. You want to go to South America. Of all the countries in South America, there are two that have been historically and politically the most stable.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Where you want to be when things go south is Panama and Paraguay. Panama, we know that the US has got its back, but it's also the only country that's never had any civil unrest. Paraguay, on the other hand, is a tiny nation which is surrounded by other countries just having major problems with their currency and their politics, such as Brazil, Argentina, and so on.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Paraguay is essentially run by an oligopoly. of six main families who are pro-business. They don't want to rock the boat. They don't go left. They don't go right. They don't go socialist. They don't go extreme. They're just like, hey, we just want to run everything cool. We want business to come in. We don't want to rock the boat. It's a small country.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And if you look as well, the countries that are really outperforming the most generally are the smaller countries, the micronations. They are agile, dynamic, make quick decisions, much like a business. Running a smaller business, Let's be honest, it's much easier than running a bigger business. But they're also entirely self-sufficient. They have amazing hydroelectric systems and dams down there.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
So you can live off the land longer than most countries on the planet. You've got arable farming, so you can live off the land. You go down there, you have the steaks. The steaks are cheaper than Brazil, cheaper than Argentina, and taste just as good, and in my case, actually better. Flight access is the only thing holding it back.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
But I see that as the best thing to do because you don't want to be in a place that's got amazing flight access. That means you already missed the boat. That means every other investor has already been down there. So it's a place that I see as enormous potential. And you can buy a piece of land for like $30,000 and prices have been going up 10% every year.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And I don't know many other places that will continue on that kind of track without using leverage, of course.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Sure. So Savory and Partners, S-A-V-O-R-Y and partners.com is a government registered agent for second passports. We're accredited by six governments for multiple years. But Millionaire Migrant is my own personal channel where people can reach out and learn about other things other than citizenship and residency. We'll talk about tax, we'll talk about citizenship by descent.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
We'll talk about investing in real estate and making money.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
outsized returns uae paraguay georgia was there recently that place has got an amazing real estate potential down there as well and we also talk about uh basically gold i have access through my clients you know i have a lot of high net worth clients i've got i've got traders that double my money every four months i've got uh i've got private banks that can you know give you access to get you in at a lower rate than the average private bank for example because we bring them volume of clients so
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Since then, I've traveled to close to 100 countries. I also obtained residencies in multiple countries. I actually picked up my Paraguayan residency this morning through FedEx. I was in Paraguay last year. I have multiple citizenship. I have four. I've got two on the way. And I've just been really curious about the world and all the opportunities the world has given me.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
I have a bird's eye view of a lot of things that a small party of people would have access to. And so what I do is I share about the intel I'm getting from my top crypto guys or my top traders or from the governments in terms of citizenship programs, possible programs, tax residency. But I also travel to a lot of these countries myself so people can see me on the ground.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Having a look, seeing what's out there, what are the opportunities? People need to be diversified. You can't be all in on stocks because you saw what happened in the route a few months ago. You can't be all in gold because, yes, you've done really well if you bought a year ago. But the thing is, it wasn't making any yield for you either. You've got to have a bit of everything.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
You've got a bit of crypto, stocks, gold, bonds, real estate. And you also need a second passport because all of these things, if you're only got one passport, they're tied to one nationality. That's not diversification.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
When you ask anyone, why do you do crypto? What do they say? So Ryan, why do you like crypto?
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Those are the right answers. A lot of other people, when you ask them those questions, the answers they give is that it's cooler than gold. But things that are cool attract more people, which means there's more opportunities where things aren't buying things because they're cool. The second thing is people like crypto because it outperforms.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
But things that outperform can also significantly go down. And again, that's what people don't understand. But yeah, exactly.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
I have a trader. He's a day trader and he is... He's somebody that you'll never find. It's a blessing I even meet a guy like this, and he's become a friend of mine. And he can generate returns for me that make people just stare at my screen and say, how is he doing this? But he is also taking massive leverage. He believes strongly in something. He takes big leverage. It's not for everyone.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
But you make it 5% of your portfolio, and you don't mind about everything else being 5%, 10% a year. As long as he's doing that funky stuff with the 5%, you say, okay, don't touch anything flattable.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Thanks very much. It's been a pleasure, Ryan.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
None of this would have happened if I just stayed in the UK.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
There's so much out there that people don't realize because, you know, they want to have the, they say that their state has the best pancakes or the other state has the best burgers or, you know, we go out to the local bar and sometimes there's an amazing life full of crazy stories you could have if you just travel the world and see that there's ways also to make money as well.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
But, I mean, the TV had subtitles on all the time, right? So, you know, we... My parents couldn't hear anything. So we could just play any music we wanted, even like rap music. They couldn't hear, you know, don't listen to that type of stuff.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
The only time that... But there were a few times, like if you were really mad at your parents, you would just cover your mouth and be like, yeah, you know, F you and all that type of stuff.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Yeah, it wasn't tough. I mean, kids are brutal, as you can imagine. Kids just want to blend in. No one wants to be the tall guy because then you get teased. Nobody wants to be the fat guy. Nobody wants to be looking like this. So you just want to kind of blend in and hope that no one spots you. So I just don't want anyone knowing that I was different or my parents were different.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
But what was really weird is when I got to university, it was actually the opposite. In the university, you would tell people because no one knows you. You're just all strangers in a different part of town and no one knows where you're back home. And then when you tell people, you're really cool. You're like this, like...
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
interesting fascinating person but i think that tells us a lot about society is that one of you you need to conform and you need to blend in and then just like a year later you can be purple haired and calling yourself whatever you want and everyone loves that type of variety but i think that's a that's more about society than ourselves but yeah it was it was different and looking back now now that i'm starting to raise my my public profile because i work in industry that is quite um
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
low profile, should we say, because we help people to obtain second nationalities. But now I see that I started this YouTube channel. It's getting a lot of traction. The feedback I'm getting is that people understand me in any part of the world. And the reason being is that I don't really have an accent, and I'll come to that later. But also the way I talk is with my hands.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
But that's because I've always had to talk with my hands. And so a lot of people, you know, this type of thing, when you're in this part of the world where I am, which is Dubai, but I do business in Africa, South America, Asia, You're dealing with people that English is not their first language. But the fact that you can use your hands is actually a bit of a superpower.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
I know the alphabet, but I think a misconception that a lot of people have is that we all know sign language. Like I'm Koda, you know, there's that movie that came out. I mean, it glamorizes a little bit life in the deaf household. But we don't actually, I don't know sign language. And you don't actually need to know sign language. You just need to be able to express yourself clearly.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And you'll be fine. I did make one mistake when I lived in France. It was my first time living overseas and I saw a French deaf family. So I thought, I got this. Hey, I got this. So I started doing sign language to them in English, like the English way. And the guy just looked at me and was like, are you making fun of me right now? And I was like, no, no, wait, wait, wait, wait, like this.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And he's like, I think you're insulting me. You're insulting me, aren't you? I was like, no, no, wait, I didn't mean to do this. So I realized that not all sign languages work in different countries. For example, in the United States, the American sign language uses one hand, whereas British uses two. So, you know, these are some of the things that I have learned. Are your parents still alive?
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
My father passed away some years ago. My mother is still having a great time in the UK. And she's a great personality. Like I brought her to my office annual party and they all love my mom. Like she's a wonderful woman. Yeah.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Yeah, well, we had to stick together. I mean, life is very different when you're like that, so you have to stick together. But I think the one thing that I really took away from my parents is that of resilience and stoicism. You know, when you can't use the phone, and your English is not great in terms of the way that you write or read, this means that you get to miss out on a lot of jobs.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
So we were not getting the best paid salaries for my parents, which made us more resilient and more careful with money, I would say. And this has really also helped in my business life. A lot of entrepreneurs, as you know, being an entrepreneur yourself, We've got to take risks. Every day we have to take a risk.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
The money that we make is not a salary, it's income which we have to spend as best we can. Being raised by a low-income household with parents that I had to really grow up fast to help them made me understand the value of money, which I think is a big mistake with the current young generation you're facing right now. And I'm sure you'd probably agree. The young generation, it's easy come, easy go.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And our generation, I would say, we didn't really spend it that quickly. We knew how to grow it.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Yeah. You become an outsider. You become someone looking and saying, but why do we do this? I don't understand why I should do that. Just because these people do it doesn't mean everyone, I should do it. Kind of the blue ocean strategy in business. Sometimes you get you, before you know it, you're entering a red ocean and then you're thinking, but why should we do this?
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
What is the point in doing this? So you question a lot. But I think you also would agree with me that A lot of success from business comes from rejection and failure. And it's how you react to that. So many of the best things that have happened to your life came from being rejected or failing in something, but learning why you failed.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Because if you just fail and don't learn from it, you'll continue to fail or you'll just go back and say, you know what, I'm never going to take the risk again. But you've got to take the risk again.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
that's why if you look at millionaire migrant you look at our logo millionaire migrant is about people who want to be millionaires or people want to migrate or people who already are millionaires and are migrating which we'll come to in a minute but the logo that we came up with the m it's like it's ups and downs you know every millionaire every migrant has to face ups and downs but it's just it's part of what it is right it's the journey
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
It was actually a confluence of factors. So the first was I obtained my French nationality by descent. So I traced my ancestry and I thought, okay, I can get a French passport. So I traced my ancestry. It was very painful exercise. It was very difficult, but I managed to get the French nationality, which is a grade A passport. It's a European passport. So even when the UK, we did Brexit.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
I would like to take credit that I knew 10 years in advance that we would leave the European cooperation, but at the same time, it became one of the reasons why all my clients do second passports. They realize the value in having another nationality. Americans are the last ones to the party, but even Americans, are considering seriously.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And the numbers are really big, like the numbers in Portugal, the numbers in the UK, the numbers in other jurisdictions. Americans are now in the top two brackets. And America is a bastion of safety. If Americans are doing it, what does that tell us about where the world is going? And I think you can see from the last two weeks, we're in a bumpy ride right now.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
So I got my French nationality and then I also met my wife in South America, in Colombia. So I visited Colombia and I met this lady and I said, right, come back to Dubai with me. It was really tough for her to get a residency status in the UAE, which by the way, is probably one of the easiest countries to get a residency status now.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And then afterwards, I wanted her to meet my mother and tell her, my mom, like, I want you to meet this lady. I'm going to marry her. And her visa to the UK got rejected. So these three things taught me about the power that not all nationalities are the same. Not all of us are equal. The power of passwords, the power of residency.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
The challenges of applying for visas, which some of us take for granted being American and British passport holders. And then I was like, you know what? I think people, I think there's a business here. I think there's, you know, that's where the business is. And it started off with a tiny little desk and a secondhand Jeep Wrangler, which I paid 2000 bucks for.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
It was a 1998 Jeep Wrangler with a big speaker that took up the whole of the trunk. And the speaker didn't work. So it just took up a lot of space and didn't really give anything else. Take it out. But, you know, this is how these business stories start. And that's how it started. I got one client and then I got three clients and then I got five.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
And we process now in excess of 200 families a year. We've got about 60, sorry, almost 70 people across eight offices. And we look after a lot of the ultra high net worth and high net worth people everywhere from the US to Asia. We just got some passports today from a Spanish company. Spanish and Chinese families. So these people are super happy.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
If you look on Google reviews, we've got hundreds of Google reviews of very happy customers. But I think coming back to what we said earlier, the future is changing faster than governments can react. Governments want taxpayers.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
People in government are politicians who probably maybe had good intentions at the beginning, but once that power gets to their head, they, well, you know, they start to think more about the ego and the person rather than the collective. And the thing, great thing about this is that technology is liberating us.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
We can be anywhere in the world in the same way that technology has helped us to have crypto and Bitcoin and blockchain. Crypto is also helping us to have online payment systems. Sorry, technology is allowing us to do this. Technology is also allowing us to travel better and cheaper and faster than ever before.
Right About Now with Ryan Alford
Destination Citizenship: Navigating Global Mobility and Tax Benefits with Jeremy Savory
Is it summertime there? Do they have similar seasons? Oh, yeah, it's creeping up. I think it's going to be the last barbecue of the year this weekend. And then after that, it's indoors.