This is Rafael from Wealthy Expat,
helping you obtain a second citizenship
and or a second residency to protect
yourself, your family, and your wealth.
Bricks passports,
are they useful? Are they worth it?
Specifically long-term. I got this
question recently from one of my wealthy
clients. He’s worth around $20 million
US. We recently helped him obtain a
second citizenship. If you’re interested
in that, you can always book a call with
us. He was asking me about BRICS
citizenships.
This is an examerican. He renounced his
US citizenship. So, he’s looking to
diversify to other regions of the world.
And one that attracted his attention was
the BRICS countries specifically when it
comes to dolarization
and also the geopolitical shift that
we’re seeing around the world. Now
although bricks specifically does not
have a currency, they mainly use the
Chinese yuan for most of their trade.
They do have a payment infrastructure
and they are planning to have a solution
against the dollar which currently is
the Chinese yuan. But in the future it
might be a BRICS currency. The BRICS
countries are Brazil, Russia, India,
China, South Africa, and the new members
of UAE, Saudi, Iran, Egypt, and
Ethiopia.
Now, saying these names, obviously, a
lot of these passports are not passports
that you’re going to want as a wealthy
individual. Russia sanctions, travel
freedom is going to be restricted,
banking is going to be difficult. I have
a lot of Russian clients that are
actually thinking of renouncing their
Russian citizenship. Recently, I was
talking to a lawyer in Dubai who helps
Russian citizens renounce their US
citizenship once they obtain a second
citizenship. And we’ve helped Russian
clients move to Dubai, move to Thailand,
move with the EU golden visa, get a
second citizenship, and overall
diversify away from Russia. So, that’s
not something you probably want to do.
China essentially impossible. Also, we
have Chinese clients who want to get
away from China. India, same deal. We
have Indian clients who want to get away
from India. Not a place you probably
want. Citizenship. South Africa. Special
one. I do have some clients that have
South African permanent residency for
example and that has worked pretty well.
But a lot of South Africans are leaving
South Africa, going to Maitius, going to
Dubai, going to Europe. And overall, the
country is heading in the wrong
direction. Now they have some crypto
controls at the border. They can stop
you and ask for your crypto keys or ask
for the password to your crypto wallet.
Overall pretty dystopian direction that
the government is taking. And then when
it comes to UAE Saudi obviously strong
passports, UAE one of the best in the
world. Although with the current
situation in Iran, not as desired, not
as coveted as before. But it’s a
passport that is essentially impossible
for most people unless you’re willing to
invest tens of millions of dollars in
the UAE. Saudi also impossible. Iran,
you don’t want that. Egypt, they do have
citizenship by investment, but it’s a
program that I do not recommend to 99.9%
of people. It is only if you have ties
to Egypt and you need that Egyptian
citizenship. And Ethiopia, I would
rather have some other African
citizenship. Now the one that stands out
here which [snorts] controversial one I
do have to explain kind of how this
country operates on a actual day-to-day
level specifically from clients that
live in this country or are from this
country and that is Brazil. Now Brazil
does offer a couple opportunities for
you to get citizenship. It’s a strong
citizenship. It’s part of Meosur. So
obviously you have the right to live in
Argentina or Uruguay. It’s also
geographically far from Europe for
example if you’re an EU citizen. I’ve
talked to a lot of EU citizens. Germans,
Polish that actually want to move to
Brazil. They love the women, they love
the culture, they love the weather, they
love the food, they want to go to
Brazil, they want to get residency and
eventually citizenship in Brazil. It’s
definitely a very interesting country
for Americans. It can work very well as
well. As I said, for dating, it could be
valuable there. Brazil has two main
routes that my clients have used to get
residency, permanent residency and
citizenship. The main one is citizenship
by birth. So they use their kids that
are going to be born anyway. Instead of
giving birth in Canada or in the United
States, they give birth somewhere in Sa
Paulo or Florianopolis where the quality
of health care is extremely high if you
pay for it. And it’s not that expensive.
It’s not going to cost you 100 grand or
200 grand to give birth in a top tier
clinic with an English-speaking doctor,
English- speakaking lawyers, and then to
get the passport for your child. The
child will be a Brazilian by birth. And
also very important is Brazil tends to
protect their born citizens or at least
their original citizens against
extradition. So that’s a handful note.
Maybe you want to give your kids that
option of being protected against any
false charges around the world. And then
you as the parent get permanent
residency. You can also get citizenship
if you actually live in Brazil after the
baby is born. And the other option is
permanent residency by investment. And
if you invest a little over 180, I would
recommend over $200,000 US into Brazil
in the main cities, you would qualify
for permanent residency. The thing with
permanent residency, I know people
living on permanent residency in Brazil
for many years and they are extremely
strict on the time spent in Brazil. They
are strict on the flights out of Brazil.
So, you want to commit to living more
than 9 months per year in order to turn
that into a citizenship. If you want to
get the PR, but not be in Brazil long
term, don’t expect to get citizenship.
For BRICS countries, you will not see an
EU style orur style freedom movement
structure. This is never going to
happen. Indians are not going to be
allowed to live in UAE or Russia or they
will have to still get a visa. It’s not
going to happen where if you get one
BRICS passport then that allows you to
go live in another BRICS country. It
will not work that way long term. This
is more of an economic union more than
anything. Brazil has recently introduced
what is called the feature national
deistro de opedes deital which
essentially
and this is the first step towards
something even scarier but this
particular system it is a new mandatory
digital check-in system across all
hotels host and insil
for Brazilian residents and citizens
integrated with the golfrazil
app and this is the screenshot that one
of my friends sent me from Brazil. It is
integrated into there. So, every single
hotel, every single reservation,
everything you do across Brazil
essentially will be tracked inside of
this digital identification app. They
will know where you travel. They will
also connect this to your bank account.
So, they will know how much you spend on
gas, on travel. They will connect that
to your taxes as well. So, oh, you paid
this amount of tax, but you were also
spending this much on this this trip and
you were doing this and that. How much
are you really making? So, the digital
infrastructure that Brazil is building
resembles the digital infrastructure of
the EU, of the United States. Overall,
not a good direction to go to for
freedom. If you’re looking for a place
that has more freedom, I would argue
Brazil is going in the opposite
direction of that. It is not a place
that is going towards more freedom. It
is a place that is going towards more
control, more surveillance,
more restrictions on your wealth, more
taxation, and more knowing everything
about you. Other negatives about Brazil
are also obviously the crime shooting
specifically in the major cities and
also in the north. There are some cities
that are extremely dangerous. The
bureaucracy is ridiculous. From people
that I know that have permanent
residency and citizenship in Brazil,
they say that it’s a nightmare. It’s
worse than Europe. Also, infrastructure
can be pretty bad in a lot of countries.
Overall, the quality of life might be a
drop from where you come from in the US,
in the UK, in Europe in general. And
also, the English speakaking level in a
lot of cities is quite low. So you might
struggle to speak English or I speak
Spanish so it’s a little bit similar to
Portuguese but still I might really
struggle to live in Brazil. So tying
back to the question of this particular
client bricks passport which should I
get and should I? My answer in a
nutshell is there isn’t a single
passport program here that you can get
by investment apart from Egypt which I
don’t recommend. There isn’t a passport
here that you can get without much
hassle. and the passport that is most
realistic or highest value because also
visa-free travel is quite good with
Brazil and meosur and
geographically
you’re also getting into a tax system
into a surveillance system into a
digital ID system that is going in the
wrong direction what I do recommend is
residency in the BRICS countries the
obvious one is UAE you can also have
residency in Brazil residency
potentially in Saudi Arabia IA with the
permanent residency program by donation
although not interesting to most people
but I don’t see that much potential in
bricks from a perspective of a wealthy
expat somebody getting residency and
citizenship somewhere so for now it’s in
the back burner I am looking at it I’m
looking at the development of it I’m
looking at more treaties between them to
see if there’s more potential more
countries that might join them in the
next 10 years it could be helpful long
term but for now I told that client kind
of ignore this for now. It’s not really
strategic specifically for his portfolio
because he already has two strong
citizenships, renounces US citizenship,
living in a capital gains tax-free
country. If you want to get a second
citizenship or second residency, I made
a video on nine countries that people
tend to not talk about for citizenship
and residency. I put them right here.
Nine underrated countries where your
investment can get you a second
passport. Check them out rightYou are translating a WordPress post_content field from English to Spanish. Give me the response in a code block to make it easy to copy and paste.
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Doggy-themed meme coin Dogecoin (DOGE) has once again slipped into oversold territory, as rising volatility and weak price action continue to drive investors toward the exit. While this may seem bearish on the surface, analysts note that this oversold region has historically preceded Dogecoin’s cycle bottoms. They predict that once a price floor is established, it could signal the end of the meme coin’s prolonged downtrend and potentially pave the way for a fresh bullish trend.
Dogecoin Oversold Level Signals Incoming Bottom
Selling pressure has been building steadily for Dogecoin, with broader bearish sentiment weighing heavily on the meme coin’s short-term outlook. Adding to the concern, market expert Cryptollica revealed in an X post on May 12 that Dogecoin has officially entered oversold regions on the weekly Relative Strength Index (RSI).
What makes this development particularly interesting is just how rare it occurs. According to the analyst, a return to the weekly RSI oversold zone has only occurred four times in 12 years. Moreover, he added that each time this happens, Dogecoin has reached a final price bottom , completely resetting its market.
Sharing a chart, Cryptollica noted that during the 2015 cycle, DOGE entered oversold territory on the weekly RSI and found a cycle bottom right after. Similarly, in 2020, the cryptocurrency did the same, recording a price floor during the COVID-19 crypto market crash . Later in 2022, a year after the historic 2021 bull market , Dogecoin also entered oversold territory and formed its third cycle bottom.
Now in 2026, Cryptollica believes that the meme coin has repeated the same historical trend. His accompanying chart shows that Dogecoin has formed a cycle bottom around the $0.10 range as its price navigates oversold levels.
During the past cycles, the analyst noted that the market was saturated with various negative emotions, including fear, anger, and disbelief, as investors lost confidence and sold their coins. He said that the crowd wrote off Dogecoin as a dead coin when it entered this bearish phase. However, to him, this phase was a “rare cycle-location signal” that could fuel a fresh bull rally.
Based on this view, the analyst has projected a bullish target of $5 on his chart once Dogecoin confirms its anticipated market bottom. A move to that level would represent a gain of roughly 4,900% from current levels around $0.115.
Oversold DOGE Zone Reveals Major Buying Opportunity
In another post, Cryptollica said Dogecoin is offering a rare buying opportunity after entering its rare oversold territory that has only appeared a few times. The analyst stated that most people will miss this opportunity because the best cycle signals arrive when the chart looks dead, not when the crowd is excited.