Video Briefing

Goodlife Investor: 2 EASY Ways To Get BRICS Citizenship

May 29, 2023Video Briefing5:07Watch on YouTube

BRICS citizenship planning is presented as a way to prepare for possible future influence of the bloc, but the transcript narrows the practical options mainly to Brazil and South Africa. Russia is treated as risky because of sanctions, while India and China are excluded because they do not allow dual citizenship.

BRICS currently consists of:

  • Brazil
  • Russia
  • India
  • China
  • South Africa

The transcript argues that if someone wants multiple citizenships and coverage inside the BRICS bloc, not every BRICS country is practical.

India and China are described as unsuitable for multi-passport planning because they do not allow dual citizenship. Russia is also treated cautiously because it is currently sanctioned, and the transcript does not recommend pursuing citizenship in sanctioned countries unless there are unique personal reasons.

That leaves two main BRICS citizenship options:

  • Brazil
  • South Africa

Brazil as the Latin America BRICS option

Brazil is presented as one of the strongest citizenship options in Latin America and a key way to gain BRICS exposure.

The Brazilian passport is described as strong and useful, with regional coverage through Mercosur and access to many other countries.

The transcript says Brazil has four citizenship-related options, with the cheapest route starting at approximately USD 28,000 invested into the applicant’s own business. If the investment satisfies the relevant conditions, the applicant can work toward Brazilian citizenship.

Key points mentioned:

  • Brazil is one of the main BRICS countries suitable for dual-citizenship planning.
  • It provides Latin American coverage.
  • It offers Mercosur-related benefits.
  • The passport is described as strong.
  • A business investment route may start around USD 28,000.
  • There are four possible Brazil options, but the transcript does not list all details.

Brazil is positioned as the primary BRICS option for people who want Latin American citizenship exposure.

South Africa as the Africa BRICS option

South Africa is presented as the second practical BRICS citizenship option, especially for people who want African regional coverage.

The South African passport is described as a “hidden gem” because it has unique and exotic access that can complement a Latin American passport such as Brazil.

The transcript also notes that Elon Musk holds South African citizenship in addition to U.S. citizenship, using this as an example of South African citizenship as a useful additional nationality.

The South Africa route is described as low-cost compared with many other residency options.

Key points mentioned:

  • Permanent residency may be available for applicants meeting modest net worth requirements.
  • Government fees are described as approximately USD 6,800.
  • Lawyer and agency fees may apply separately.
  • The residency is described as flexible.
  • The applicant can spend as much or as little time in South Africa as fits the structure, subject to the rules.
  • The transcript suggests citizenship may become possible if the applicant lives in the country for one year in the fourth year.

South Africa is presented as a cost-effective way to gain African BRICS exposure and eventually citizenship.

Safety and flexibility in South Africa

The transcript acknowledges concerns about safety in South Africa but argues that some commentary is exaggerated. It states that South Africa may be reasonably safe if the person uses caution and common sense.

The key attraction is described as flexible permanent residency. For applicants who do not want to spend much time in South Africa, flexibility is presented as important.

The transcript compares safety concerns in South Africa with those in parts of Latin America, suggesting that practical caution is needed in both regions.

Why Brazil and South Africa are paired

The transcript presents Brazil and South Africa as complementary citizenships:

  • Brazil provides Latin American and Mercosur coverage.
  • South Africa provides African regional coverage.
  • Both are BRICS members.
  • Together, they may prepare an applicant for potential future BRICS expansion.
  • The combination may be especially useful for Westerners seeking broader passport diversification.

The transcript mentions potential future BRICS expansion involving countries such as the UAE and Argentina. If the bloc grows and creates more freedom or cooperation, having citizenship in Brazil or South Africa may provide strategic positioning.

Caveats

Several details are unclear or not fully provided in the transcript:

  • The exact Brazil citizenship routes are not listed.
  • The conditions for the USD 28,000 Brazil business investment route are not explained.
  • South Africa’s net worth requirement is not specified.
  • South Africa’s citizenship timeline is summarized but not fully detailed.
  • No formal BRICS mobility rights are described.
  • Future BRICS expansion benefits are speculative.
  • The transcript does not provide legal, tax, or immigration advice.

The practical takeaway is that for people who want BRICS citizenship exposure while maintaining multiple passports, Brazil and South Africa are presented as the most practical options. Brazil offers Latin American and Mercosur coverage with a stronger passport profile, while South Africa offers a lower-cost permanent residency route and African regional access.