Latest / Chatting with The Experts with Paula Okonneh / How to Establish Multiple Residencies in the US and Beyond
Transcript
- 0:01Welcome everyone to another episode of Chatting with the Experts TV show where
- 0:06I speak with amazing women from Africa, from the Caribbean, and in the diaspora.
- 0:12These are professional women and successful entrepreneurial women, and
- 0:19they join me every week in spreading our mission, our joint mission,
- 0:25which is to educate women, empower women, and to inspire women globally.
- 0:34This week is no exception, and the topic today is Living Abroad:
- 0:40Steps to Establishing Multiple Residencies in the US and Abroad.
- 0:48I will tell you about my guest, Sabrina Brown, where she says, if you are curious
- 0:51about living abroad and interested in exploring your options to live outside the
- 0:55US but not showing how to formulate your plan and execute it, then she's the answer
- 1:04for your passport to international living.
- 1:09Sabrina is a 20 year real estate broker and realtor.
- 1:14She's an affiliate agent of ERA Live Moore, and she became a Certified
- 1:20International Property Specialist that's CIPS in 2020 to assist
- 1:27internationals seeking to establish residents in the United States.
- 1:34Interestingly, she has seen increased interest from US citizens curious about
- 1:41living and buying property abroad.
- 1:43And so that's what we are gonna be talking about.
- 1:47And with that, you know, I always say this, my guess bios are always so
- 1:53fabulous that I can't read everything.
- 1:55I'm gonna invite Sabrina to join us on Chatting with the Experts.
- 2:02Today, as I said, we are gonna be talking about Living Abroad: and
- 2:06Steps to Establishing Multiple Residencies in the US and more.
- 2:11So tell us how did you get into this and why are you thinking of expanding your
- 2:16real estate work to a global landscape?
- 2:20Yeah, really.
- 2:21Good question.
- 2:22I will say you highlighted a little bit how I flexed from welcoming
- 2:26internationals to the US to in reverse, where those were looking to expand
- 2:31their options and we'll talk a little bit about that I'm sure later in terms
- 2:36of what people are looking for abroad.
- 2:38But, I will say that, so that was kind of coincidental that I started
- 2:41to assist people, but for myself, I have always viewed, and as well
- 2:47as my children, we've always viewed ourselves as global citizens.
- 2:51So there's always been a curiosity about our neighbors abroad.
- 2:56And I have hosted so many internationals, even in my home over the tenure period.
- 3:02I've had like 13 people in a 10 year period who stayed with us and
- 3:06just, it was very fascinating to learn about the different cultures.
- 3:10But I professionally, if that's the question professionally,
- 3:14how I got involved.
- 3:15I started to get questions about people looking at retirement options,
- 3:22people looking at just adventures.
- 3:24They knew that I knew a lot about countries and that I had connections and
- 3:30worked with a lot of different people.
- 3:31So it was coincidental that I started to get these questions
- 3:34about US citizens, living abroad.
- 3:38And I never really thought about the model in that way.
- 3:41So I began to just go with it.
- 3:43I was privately pursuing it myself for all the reasons I had shared
- 3:47with you about my own curiosities, having a lens as a global citizen.
- 3:52And I had my target countries already and I never really looked
- 3:57at it as really being a value.
- 3:59People are very scared when they go into to these ventures and
- 4:03oftentimes they talk about it, but they never have an action plan and
- 4:06definitely never actually act on it.
- 4:09So, that's how it started.
- 4:11People started to ask me more and more questions and I began to take
- 4:14my work seriously in that direction.
- 4:18So I know in 2024, that's last year, you established and you're
- 4:22gonna have to, I don't know.
- 4:24S-B-R-A-S or is there, I mean, is it pronounced?
- 4:28Oh, it's short for Sabrina Brown Realty and Advisory Services,
- 4:31because it's a mouthful.
- 4:32So we say it's a mouthful.
- 4:33So we say SBRAS, right?
- 4:35Okay.
- 4:35Tho those who I work with, they know what SBRAS is, right?
- 4:38What is your question though about it?
- 4:40So you established it in 2024 to to do exactly what?
- 4:47Well 2024, we re began to do two things.
- 4:51One, we started to establish tours abroad to take people to
- 4:55have what we call a soft landing.
- 4:58A lot of times folks have culture shock when they make these leaps.
- 5:02Mm-hmm.
- 5:02And so if you have someone who can shepherd you through that process
- 5:06it just makes it a lot feasible for many and , they're able to get
- 5:11more clarity about what they want.
- 5:14And then the second thing is one-on-one consultation.
- 5:18And of course this year now we are gonna do a webinar, which again,
- 5:21we can chat a little bit about just to kind of expose people to some of
- 5:24these concepts in a little bit detail.
- 5:26But those are the two things.
- 5:28It's really starting to develop tours, group tours to bring people where they can
- 5:34kind of get a quick injection, have fun.
- 5:37We don't want it to be like being on a bus, you know,
- 5:40those can be kind of boring.
- 5:41But something that's fun, engaging.
- 5:43You feel like you are a local there, and yet you're getting infused with a
- 5:47lot of information along the way without often realizing how much you're learning.
- 5:52And then the one-on-ones where we sit with clients working on their
- 5:56action plan, what do they want?
- 5:57The globe is a lot to digest.
- 5:59It's intimidating for many people.
- 6:01So how do we align their goals to exactly what they want for
- 6:07themselves and the opportunities.
- 6:08And not only that for them, their families too, they're not always
- 6:11thinking of just themselves.
- 6:13So what are some of the common reasons you are here and because I
- 6:16know there's a heightened interest and because you've been doing SABRAS.
- 6:21Is this SABRAS?
- 6:21Sabrina Brown.
- 6:22Oh, you, Sabrina Brown Royalty.
- 6:24We'll keep it for short today.
- 6:25Oh, sure.
- 6:26Okay.
- 6:27Right.
- 6:27So what are some of the common reasons you're here and now with
- 6:31people wanting to live abroad?
- 6:33Well, certainly my perspective is gonna be from the us let me just say that.
- 6:37Correct.
- 6:37But this is nothing unique in terms of looking at these options abroad
- 6:42?There are numbers of contacts that I have, particularly for
- 6:46those who want to gain citizenship.
- 6:49There are other countries that have been tapping into that, but the US and
- 6:52Canada usually have been the largest market share of this type of market.
- 6:57And to be frank with you, many want options for themselves, okay?
- 7:03They want options.
- 7:05And we can't deny that some are a little uncomfortable with what
- 7:08they're seeing, and one can debate about the US unrest, but let's
- 7:11face it, it's not just the US only.
- 7:13There's a movement around the world.
- 7:16There's a more of a focus on nationalism today where the borders are
- 7:20beginning becoming a little tighter.
- 7:21It's not just the US thing that you're hearing on the TV.
- 7:24Yeah.
- 7:24So with that said, what would travel look like for someone
- 7:27who wants to have a long stay?
- 7:29Or if someone decides that, you know what?
- 7:31Gosh, my 401k got really hit hard.
- 7:34I might wanna do something and diversify and maybe in my golden years wanna
- 7:39stay somewhere a little bit longer.
- 7:41And thirdly the misnomer or the misunderstanding about the 180
- 7:46day visa for those who live in the us you would be shocked.
- 7:50Folks think, well, I'll just use my tourist visa 'cause I can go anywhere
- 7:55in the good portion of the country and I'll just go as a tourist.
- 7:58My friend, that is probably one thing.
- 8:01If anybody is thinking of that and you have thought about trying to
- 8:05live abroad for various reasons, I wanna tell you to pause right now.
- 8:09That is not a guarantee.
- 8:10Let me give you an example.
- 8:12Mexico, which is so close to me, and literally geographically
- 8:15close to us, those in the US.
- 8:17Someone had decided, oh, I'll just rent 90 days in Mexico.
- 8:23Got a, signed a lease for 90 days, got to the border and the immigration officer
- 8:28stamped her passport for 30 days only.
- 8:32She said, wait a minute.
- 8:32I thought I had 188 days.
- 8:34Oh, you're at the wishes of the immigration officer.
- 8:37Yes.
- 8:38Not everyone, this is not some hardcore, this has been kind of a shaking hands.
- 8:43This is not someone where you go to your embassy and they're gonna argue for
- 8:46you and you're gonna get your 180 days.
- 8:47Back and no one's gonna have a fight for you in that.
- 8:50And particularly with the climate changing, being able to go through
- 8:54the formal process in these various governments of your choice, where
- 8:58you see yourself expending sense staying an extended amount of time,
- 9:03it is an investment for yourself.
- 9:04'cause nothing's guaranteed.
- 9:06Also even in Europe, the same thing.
- 9:08I don't know if anyone's familiar with the Schengen zone, the Schengen area.
- 9:11This is a zone, for those who are not familiar with it.
- 9:16It's where they're 27 European countries and they're borderless.
- 9:21If you are an EU resident, European community resident, you are able to
- 9:26work and stay in any of the countries that's in the EU without a time limit.
- 9:33Okay, so here's now the US who says, I have my 180 days.
- 9:37Okay, this is how that works.
- 9:38In practice, you have to be out.
- 9:40You have 90 days of your 180 days.
- 9:43You see how it's up for interpretation, okay?
- 9:47You have 90 days.
- 9:48Say that again.
- 9:48Sorry, again.
- 9:49Say that again.
- 9:50You have 90 days.
- 9:52So you can only spend 90 days.
- 9:55Mm-hmm.
- 9:55Can a total within 180 days?
- 9:58'cause what people do is they border hop.
- 10:00Okay, I'll get out, I'll go somewhere, I'll get out of
- 10:03the zone and I'll come back.
- 10:05No, there.
- 10:06From the time you were depart to the time, you know, beginning to end,
- 10:10you have a hundred and you could only stay in that zone in the EU
- 10:13for 90 days, over 880 day period.
- 10:17So it takes into account you're border hopping.
- 10:20Okay.
- 10:21So, and if you violate that, it is quite severe.
- 10:26Not only finds penalties, you may be banned from traveling
- 10:30to the EU in the future.
- 10:32So it does pay to really spend time to study these country's
- 10:38immigration laws, if you're serious about it, to engage the right way.
- 10:42And I'm happy to talk.
- 10:43I don't wanna jump too far ahead 'cause I get a little excited about this stuff.
- 10:46No, please talk.
- 10:47I mean, we wanna learn.
- 10:48That's why we're here.
- 10:49Well, what I'm saying is that there are just so many ways to slice this as to,
- 10:53you know, how people might go about that.
- 10:55But I guess to suffice it to say is that for now, is that if there is
- 10:59assuming that the 180 day tourist visa that many of us have relied on freely
- 11:04in the past, that is not a guarantee.
- 11:07And trust me, with things becoming a little bit more tighter at the
- 11:10borders, even if you wanna enjoy extended stays, even if you have no
- 11:15interest to become a citizen in these places or permanent residents in these
- 11:18places, the freedom to move about, to have options to be a digital nomad.
- 11:22Which means you work in another country if you have an online job, but guess what?
- 11:26You sometimes, you may choose to be in a country that has a lower cost of living.
- 11:30Those are, again, going back to your initial question, these are the reasons
- 11:33why someone might want to go abroad.
- 11:36They're saving money and still making us dollars.
- 11:40They stretch their budgets that way.
- 11:41They're able to have a better quality of life in the end, but you cannot
- 11:46assume that the tourist visa will be able to do the trick in the end.
- 11:51So what I'm hearing from you is that we need to do a lot of research you know,
- 11:57COVID kind of lowered a lot of that border, you know, we just felt okay
- 12:02with Covid, especially the, the younger.
- 12:06My sister says, don't say young because we are still young.
- 12:08They're younger.
- 12:10Yes.
- 12:10I like that.
- 12:13Yes.
- 12:14They, a lot of them looked into that and continued even after Covid
- 12:17to, you know, be digital nomads.
- 12:19They were US citizens, but they live in Mexico.
- 12:22They live in somewhere in Europe.
- 12:23They're in Australia.
- 12:25But working for US based companies, or even, I mean non-US based companies being
- 12:30paid in US dollars and you know, for them, well that was just a new way of living.
- 12:36You are saying, in other words, one needs to look, do some more or do
- 12:41some in-depth research on where you want to be a digital nomad, a and find
- 12:46all the laws of the country there.
- 12:48Not assume.
- 12:50And they can change at any time.
- 12:52So I am interested in that.
- 12:54We use kind of that starting point digital nomad.
- 12:56Two things I wanna just kind of dispel some misunderstandings during covid.
- 13:02Yes, there was a time, and it's hard to really track
- 13:05exactly when, where they were.
- 13:07Some countries were lowering or made it easier for expats.
- 13:11We call 'em, you know, expatriates to come over to different
- 13:15countries to work remotely.
- 13:17But there were others who, let's say they actually had houses and they had
- 13:22done the border hop with their 180 days tourist visa for a long time.
- 13:27They came back because of covid and they could not return to
- 13:30their real home of residents.
- 13:32So let's say, in Panama, they would hop over to Costa Rica and then they
- 13:37would, or Nicaragua, if know Costa Rica and they would border hop basically
- 13:42to these and then come, go right back to their their place of residence.
- 13:46They couldn't get back to those countries because they had shut them down.
- 13:49They had never gotten their visa.
- 13:51Some of them were working off of.... In the case of the digital visa where
- 13:55they actually made an application, then it does depend on which
- 13:59country, but by and large it wasn't a guarantee even during those times.
- 14:03So what I'm saying, the takeaway is, and the point is don't rely
- 14:07on the loose way of doing things.
- 14:11You do wanna follow the formal process to control your destiny as much as you can.
- 14:17You do want to follow the following process.
- 14:19Yes.
- 14:20That's a really good point.
- 14:23Really good point.
- 14:25Mm-hmm.
- 14:25So as we are still talking about, I mean living abroad, exploring multiple
- 14:30residencies are there a list of countries, because that's a question I heard,
- 14:35are there a list of countries that are welcoming Americans to their homeland?
- 14:41Certainly.
- 14:41This is the biggest piece to, and when you think of welcoming, let's
- 14:45talk about what that really means.
- 14:47It does depend on your goal.
- 14:50Okay.
- 14:51So if your goal is to, I want to just get a baseline temporary residency
- 14:58for now, which may last a few years.
- 15:01Sometimes it could be as early as six months in some places to years.
- 15:06Mexico, for instance, has up to four years of temporary residency and then
- 15:10you become eligible for permanent status.
- 15:13Most of them have, and that's what I am referring to just now, and
- 15:16that's what I wanna point out, is the naturalization process.
- 15:20It's that's just one category.
- 15:23The second category I wanna share with you, and it just goes back
- 15:25to answer your question, it goes back to what your goals are.
- 15:28If you wanna be one and done and take care of your family, give options.
- 15:32Maybe it's security, maybe you're kind of uneasy with the political
- 15:35climates or whatever you're seeing or whatever that might mean to you, and
- 15:39you just wanna control that and have an option for your family Then, some
- 15:43people are also applying for what's called citizenship by investment.
- 15:47Okay.
- 15:48Also known as a more relaxed version.
- 15:51And there's so many tiers to this.
- 15:52To try to talk about immigration laws in one hour, it's a mouthful, but that's
- 15:56why we do tend to kind of do one-on-ones.
- 15:59But just to give you a flavor of it, these citizenship by investment one and
- 16:05done, this is fast track to residency.
- 16:08And these are places like Dominica.
- 16:12These are places like Antigua and Barbuda.
- 16:14A lot of those in the Caribbean, St. Vincent, they offer these fast tracks.
- 16:20In three months you can have citizenship.
- 16:23Now here's the catch.
- 16:24The catch is that they require a pretty steep investment.
- 16:27Yeah.
- 16:27Now these were not only meant to be the easiest, when you say
- 16:30welcoming, they were very welcoming.
- 16:32If you had, this is for high net worth buyers who can plop down maybe a
- 16:38hundred thousand dollars and get this.
- 16:40And again, I'm not judging, I'm just giving it out.
- 16:42'cause some people have the means to do it and I just don't
- 16:44blame 'em for being one and done.
- 16:46If you wanna be close to mainland US again, that's part of your decisions.
- 16:50That how far you wanna go.
- 16:51But for that one, they were very attractive and very welcoming
- 16:54because it only at one point took a hundred thousand dollars.
- 16:57And then last year there was a huge demand.
- 17:00It spiked, and all of them came together and decided to increase it to $200,000
- 17:04to $250,000 entry point for that.
- 17:07And that's US dollars?
- 17:08US dollars, I'm speaking in and you can accomplish this through
- 17:13donations to the government itself.
- 17:16You can accomplish this through, and sometimes they may have a slightly,
- 17:19if you do a straight donation then it could be a slightly lower level, but
- 17:23there's still, it's healthy six figures.
- 17:25And this is before you actually get your government sponsor
- 17:28provider that has to shepherd you through that level of the process.
- 17:31And we can talk about, but suffice it to say.
- 17:34You're looking at several hundred thousand dollars and you and a family
- 17:38of four can have all residencies.
- 17:40And it depends on which of those countries up to age 25.
- 17:43Some will tap out at 18 and 25.
- 17:46But if you have a toddler and you have means, you might find, oh my
- 17:50gosh, this is well over a decade for my children to have absolute
- 17:54unfettered access to this country.
- 17:57And then here's the other thing too.
- 17:59So, that's one tier.
- 18:01Okay.
- 18:01So lemme just point that out.
- 18:02Then there's another one.
- 18:04And keep me on track.
- 18:05Okay.
- 18:05Sometimes I go down in a hole on some of this stuff, so I
- 18:07know you keep me Paula on track.
- 18:09Yeah.
- 18:09So the other one is golden Visas.
- 18:12Now we've probably heard of golden visas.
- 18:15Maybe in just in your casual, those who find an interest in this.
- 18:18Now, some of them can lead to citizenship, like I mentioned.
- 18:21Certainly.
- 18:22But a lot of folks want to do it because it's easy access to get their residency.
- 18:27They don't have to do, like, for instance, like I did it the slow way.
- 18:32I did one step temporary residency, go back, renew step two, you
- 18:36know, during that process.
- 18:37Then after that permanent residency, right?
- 18:39They're going straight and you see a lot of the European countries, so you have
- 18:44Spain, Portugal, Italy, you know, a lot of those are gonna offer these golden visas.
- 18:50Well, coincidentally, Spain actually is going to retract its Golden
- 18:53visa and we'll talk about why they're doing that in a minute.
- 18:55'cause there's a little controversy with some of these because there
- 18:57are privileges associated with it.
- 18:59But these are the residencies that allow you still to invest in your
- 19:03own home though, which is good.
- 19:05So now, unlike in the Caribbean where you had to either give the government
- 19:09money, or you had to invest in a real estate that's was sponsored by one of
- 19:13their government sponsored providers, which you could stay in the real estate
- 19:18property, but you only have two weeks.
- 19:19Now they sell it as, oh, this income, you get X percentage of return.
- 19:22The reality is you only can stay there for two weeks.
- 19:24The rest of the time it's just a vehicle for them to use your money
- 19:27to help build up their economy, which is not a bad thing if it meets your
- 19:30goals, but that's just one segment.
- 19:33So back to Golden Visa.
- 19:34Now, most commonly used in Europe.
- 19:37Those allow you within sometimes weeks.
- 19:40Now Portugal, many people have been very curious about Portugal.
- 19:43Okay.
- 19:44That was, I have to tell you, was not always an easy way to get to Portugal.
- 19:49Now, Portugal allows you to buy a residency of your own choice.
- 19:53And if you're gonna live there, you're like, that's a win.
- 19:56Okay?
- 19:57A real estate investment, or you can have a business.
- 20:00And there are so many other qualification or categories to gain access.
- 20:04And now, you can have this accomplished in a matter of
- 20:07weeks, not years in their...
- 20:10that's called Portugal?
- 20:11For Portugal.
- 20:13This changed just last year.
- 20:15But it was not an easy, when people kept talking about Portugal.
- 20:18Portugal, and I'm like, guys, you don't realize this is a very hard country.
- 20:21Until recently, they see the opportunity, they've loosened up their requirements.
- 20:26Now here's the catch.
- 20:28There's always a catch to some of these, and this is only again, giving
- 20:30you strategy number two as a point of reference for you to watch out for
- 20:34when you are examining these countries.
- 20:36And it is stay requirements.
- 20:38The reason why, well, folks were talking about Portugal, but I
- 20:40knew there was no way that most people could ever access Portugal,
- 20:43because there's stay requirements.
- 20:45Yes, you could invest in it.
- 20:46Yes, you can get the golden visa, but you have to stay there six months every year.
- 20:50I mean, that's virtually retired for most people.
- 20:52Yeah.
- 20:52Who can do that?
- 20:53Now, just last year they updated and you only have to touch down
- 20:57once a year, every seven days.
- 20:59Okay.
- 20:59Now that's in play for a lot of people.
- 21:01Okay.
- 21:02Okay.
- 21:02Wait, wait, wait.
- 21:03Go back on that.
- 21:03You have to go there once, every seven days?
- 21:07Is that what you said?
- 21:08You have to stay seven days.
- 21:09Okay.
- 21:10They, we call it stay requirement.
- 21:11Okay.
- 21:11So when you are analyzing these countries, the question you should
- 21:15be asking yourself is not just the entry point of what the headlines
- 21:18might say, oh, easy to come here.
- 21:20What I found welcoming is that can I feasibly be there?
- 21:23I still work.
- 21:25I can't be, I'm still transacting as a broker in the US.
- 21:28I can't stay anywhere for six months at a time.
- 21:30I would've abandoned my business physically.
- 21:32Yes.
- 21:32So what I study is, and reason why I had, was attracted to
- 21:37Mexico and Panama is because the stay requirements were minimal.
- 21:41Ah,
- 21:42okay?
- 21:42I got you now.
- 21:43And so the stay requirements for Portugal has loosened up.
- 21:46Now they're seven days a year and then you still can progress to
- 21:49your track to permanent residency.
- 21:51Now again, the other thing that I can, I'm sorry.
- 21:55You see me looking to the side?
- 21:56'cause I'm taking notes.
- 21:57Yeah, yeah, no problem.
- 21:58No problem.
- 21:58And so the other thing you want to think about too is as you progress, 'cause
- 22:01at some point you're gonna get tired of doing these applications and renewals.
- 22:06So you gotta find out what's my terminal, what's my end point?
- 22:09If in fact, let's just say hypothetically you want to be a citizen, then
- 22:13you gotta think about, oh my gosh, what are the language requirements?
- 22:15You do realize in those countries they want you to
- 22:16speak the language functionally.
- 22:18Yes.
- 22:18A working knowledge.
- 22:19No offense, but I have no interest to learn Portuguese.
- 22:22I'm struggling enough for Spanish.
- 22:25I am a survivor Spanish speaker.
- 22:27I can get the job done.
- 22:28But I'm just saying you have to be mindful of that and that's that.
- 22:32So, then do I really want citizenship?
- 22:34Am I okay with permanent residency?
- 22:35I don't need to have to vote.
- 22:37I have all the other benefits of being a resident there, but I can't vote.
- 22:41I can't serve in the military.
- 22:42I can't do these things, but I have access to the healthcare
- 22:44system and that may be good enough for you, depending on your goals.
- 22:48Again, so when we say which countries are welcoming, it
- 22:52really comes with a big asterisk.
- 22:53Well, what do you mean by that?
- 22:55Do you mean that in terms of the affordability?
- 22:57Do I mean in terms of security?
- 22:59You know, and so affordability, another one.
- 23:01If anyone has any interest in, for instance, Asia.
- 23:04I mean Thailand is extremely cheap.
- 23:07It doesn't really cost that much.
- 23:08I mean, you have $20,000 US dollars to...
- 23:12Really?
- 23:13Yeah.
- 23:13For Thailand to get started, to invest in the country.
- 23:16Now, don't get me wrong, I mean, it's not like I'm wired 'cause I'm in real estate.
- 23:19Everything has to be an investment for me, right?
- 23:21Because I just felt wired.
- 23:23I agree.
- 23:23So for me to just donate something to a government is a mind shift.
- 23:26But you also have to say to yourself, maybe investment is different than,
- 23:30for instance, how I'm defining it.
- 23:31I'm looking at assets.
- 23:32Maybe my investment is freedom.
- 23:35My investment is to have options for my family.
- 23:38And some of them will take you and your family.
- 23:40Some of them will limit.
- 23:41For instance, when I was looking at some of the Antigua
- 23:43and Barbuda in the Caribbean.
- 23:45Like they will require, oh yeah, I'll take you.
- 23:48But then like your 25-year-old adult son, he has to have his own application
- 23:53or he's gonna get, at the time it was a hundred thousand dollars.
- 23:54Where are you gonna get a hundred thousand dollars to give to a government?
- 23:56Nobody.
- 23:57Okay.
- 23:57He would, you know, oh, I'm not gonna foot it, the bill for him.
- 24:01But talk about Bermuda.
- 24:02Let me ask you, so is what you're saying is that, they will accept
- 24:07you as a family as long as your children are under a certain age.
- 24:11After that...
- 24:11correct.
- 24:12Then they got
- 24:12... correct.
- 24:12And they're independent investors.
- 24:15Correct.
- 24:15So that's your biggest bang for the buck.
- 24:17That is your biggest bang.
- 24:18Maybe this is not an application, a nominal fee, but you don't get
- 24:22treated like an individual applicant if your children are under 25.
- 24:26They take you plus a family of four is how they call it.
- 24:29So really good.
- 24:31You know, value there.
- 24:33But yes, after that, they would have to be their own after 20, when they reach 25,
- 24:36then they have to apply them themselves.
- 24:38So they're, yeah.
- 24:41Ooh.
- 24:41So you as the parent, you have citizenship.
- 24:44But the kids, and I knew that too.
- 24:46So in Panama, actually, I have permanent residency in Panama.
- 24:49And so we can also talk about if you like, how that works too.
- 24:53There's another classification.
- 24:54So now you can buy your way through.
- 24:57Okay?
- 24:58You can invest yourself, invest in the government in the local real
- 25:03estate or have a business demonstrate.
- 25:06Same thing with Canada.
- 25:06Actually, you can start a business.
- 25:08People think that... Canada's a hard one 'cause people are
- 25:10like, oh, you know my everything.
- 25:11I'll just go to Canada.
- 25:13Oh, my friend.
- 25:13That is not as easy as one might think.
- 25:16That's an eyeopener.
- 25:17I thought it was just, you know, we're neighbors, so hey.
- 25:20Oh no.
- 25:21And particularly now with all the tension that's going on, it's
- 25:23even, you know, but they're just.
- 25:26If anything, anyone, if I press upon you is like, can I do this?
- 25:30Absolutely.
- 25:31Is this across the board uniform?
- 25:33No, it is not.
- 25:33It's very intricate.
- 25:35You have to know which classification.
- 25:37Just like we have so many different, you know, work visas, investment.
- 25:41The EB-5 in the US was obviously that's being replaced or talked about
- 25:45being replaced, but that's in the US when you, similarly, same thing.
- 25:48I would used to put a million dollars and demonstrate that I have gonna produce
- 25:52jobs in the US and all those that would come abroad, they would get residency for
- 25:57themselves in their children so they can go to school and have the same luxuries.
- 26:01Right.
- 26:01So what these countries are asking is no different than we've asked of them.
- 26:05So when you look at, again, Canada is not as easy as it may seem.
- 26:10You have to be sponsored basically by a province.
- 26:14Okay.
- 26:15That's what if you don't have, and this goes to another
- 26:17classification, is by descent.
- 26:19If you have a descent or my husband is Jamaican, so my kids are
- 26:24eligible for citizenship by descent.
- 26:27I am eligible for citizenship by marriage, for instance.
- 26:30So there's that.
- 26:31But going back to Canada, you can, and we were talking about job creation, so
- 26:37you can demonstrate that to a country.
- 26:40Same thing from Europe and same thing with Canada.
- 26:42And that's also probably the easier access to get into something to
- 26:45Canada is if you legitimately have, and it has to be well documented.
- 26:48We can talk about that later.
- 26:49But the bottom line is that there are many ways to cut at that,
- 26:52but by and large, because they're neighbors, they're not easy.
- 26:55They're not easy to get into.
- 26:57They're pretty, pretty darn strict, in fact.
- 27:00So if you're not looking at these golden visas that we were talking about in Europe
- 27:04to get stay focused, then the other way that people, when I was leading into
- 27:09topic wise before we sidebar in Canada, was that there's these other statuses
- 27:14of what's called economic solvency.
- 27:16You're like, country X, Y, Z. I'm not here to work.
- 27:21I'm not here to take any jobs away.
- 27:24I basically wanna go through your naturalization process.
- 27:26I wanna hang out and I'm gonna show you I'm not gonna take any jobs.
- 27:29I have my own income, I have my pension, I have my own income here.
- 27:32I'm gonna show you.
- 27:33I have the means to provide and frankly help your economy by being a consumer.
- 27:38I just wanna stay in return for that.
- 27:41And that is now to go back to your larger question, what is more welcoming?
- 27:46Now we have a lot of the Latin countries.
- 27:48You can go up down that board.
- 27:49You got now Panama, you got Mexico, you have Costa Rica, you have
- 27:53all down that whole corridor.
- 27:56It's a lot more welcoming if you understand.
- 27:58That's my entree to get in there to show.
- 28:01They call them in because it's Spanish speaking countries.
- 28:03They call it the Pensionado.
- 28:04Most of them have the same language.
- 28:06I'm looking for the pensionado visa.
- 28:10The pensionado would be a track for you in order to get that
- 28:13type of admission to the country.
- 28:16You know what, Sabrina, we could talk for, you've got a wealth of information
- 28:21and so I know so many people are have joined and they wanna ask you question.
- 28:25There are two things I'm gonna ask you to do.
- 28:27Yeah.
- 28:27Please play in the chat about my seminar coming up that we can talk about that.
- 28:30Yes, that's what I was gonna say.
- 28:31I want everyone to know that Sabrina is available.
- 28:35She's gonna be having a seminar coming up soon.
- 28:38I'm gonna put the link in the chat here.
- 28:39Yeah.
- 28:39May 3rd.
- 28:40It'll be May 3rd, correct?
- 28:41It's on May 3rd.
- 28:42Yep.
- 28:43At what time?
- 28:44I believe it's at 10 to 11:30.
- 28:46But don't trust me.
- 28:46Please eastern time.
- 28:47Please look at the invitation.
- 28:49I don't wanna misquote.
- 28:50It's on my calendars.
- 28:51All I know.
- 28:51I don't handle that I have a helper, but yes.
- 28:54May 3rd.
- 28:54All right.
- 28:55It's yes, it is May 3rd.
- 28:56I'm looking at it right now.
- 28:57It's from 11 to 12:30, EDT.
- 29:00Okay.
- 29:01And it's virtual of course.
- 29:02Yes, virtual.
- 29:03Yes.
- 29:03Yes, yes.
- 29:04And that will help someone to formulate their action plan.
- 29:07It's not the same as a one-on-one, but it's a good start to kind of
- 29:11really think about the things that are important to you on this topic.
- 29:15Okay.
- 29:15Alright.
- 29:16So now we know about the event that's coming up on May 3rd.
- 29:21For those who are gonna be looking at this because it's being recorded
- 29:25Mm-hmm.
- 29:25How can they get in touch with you in general.
- 29:28If they miss the May 3rd?
- 29:29Not that we want them to, but how can they get in touch with you?
- 29:32I'm sure you have a website.
- 29:34Absolutely.
- 29:35So, I mean, my information's all in the public domain 'cause I'm a real
- 29:38estate broker, so if you want to write me personally, it's Sabrina,
- 29:42S-A-B-R-I-N-A, and you can put it in the chat at sbrbrokers.com.
- 29:49And sbrbrokers.com is the domain and, certainly if you just wanna,
- 29:55it's more general stuff about me.
- 29:58Some things Paula spoke about today about my profile will be on there,
- 30:02my team, but I think just directly, if you wanna gain access sbr
- 30:07brokers.com, sabrina@sbrbrokers.com is my email address.
- 30:12Okay.
- 30:12I'll put that in.
- 30:13Yes.
- 30:14Yep.
- 30:14Are you on LinkedIn?
- 30:16I am, but you know how I am.
- 30:18I'm challenged, Paula, you know, you have to ask my assistant.
- 30:20He manages all that.
- 30:22I have to focus on just client work.
- 30:23I don't handle a lot of that, but we'll put that in the, I think he had
- 30:26shared that with you that link too.
- 30:27He did.
- 30:28You can, if you don't mind putting yes, I am on LinkedIn.
- 30:31Okay.
- 30:31You're on LinkedIn.
- 30:32On you on Facebook.
- 30:32I was afraid you were gonna ask me for my handle or something.
- 30:35I don't have that.
- 30:36No.
- 30:36A lot of that can be pulled from your website.
- 30:38I'll put this in the chat.
- 30:39Thank you so much.
- 30:40I appreciate you.
- 30:41Sure.
- 30:42And of course I say to everyone, if you have enjoyed what you
- 30:47just heard, who wouldn't?
- 30:49You'd like to be a guest on the show, please reach out to me on my website.
- 30:52It's chattingwiththeexperts.com.
- 30:55I'm on LinkedIn as well as Paula Okonneh.
- 30:58I also am on Instagram and my handle there, I struggle with that handle too.
- 31:03Always have to think about it.
- 31:05It's at chat_experts_podcast, and I am also on Facebook.
- 31:12It's Paula Okonneh and I have my business page now, which
- 31:14is Chatting with the Experts.
- 31:16Last but not least.
- 31:18We have a YouTube channel, please reach out to us there as well.
- 31:23And whenever we do these shows, we put them out on the audio podcast.
- 31:28It's on YouTube and it's on all the other audio directories, and of course Spotify.
- 31:34And now, I mean, Sabrina, you've told us a wealth of information, but what
- 31:39I'm gonna do is open up the floor so that everyone who joined us will
- 31:42have an opportunity to speak with you because oh my gosh, we could be
- 31:46here for two hours and not get bored.
- 31:49Oh, no question.
- 31:50The webinar is all about.
- 31:51Absolutely.
- 31:52They can ask you a lot of questions that you were able... some you
- 31:56were able to touch on today, but of course you couldn't do everything.
- 31:58So, we will open up the floor now.
- 32:01Everyone who joined.
- 32:03Thank you again, Sabrina.
- 32:05You welcome.