@@l.k.7940He never said his “only” base, he just said “base”. Your objection is a straw man that you formed yourself, and logically invalid. Did you even read what he said?
@@Komnenit Specifications Matter!! When someone says "base" that usually implies main base!! Especially he is insisting by saying "He clearly said our country Colombia is his base"! instead of saying one of his bases. anyway. by the way, i love Colombia, just most of it isn't safe enough yet, hopefully peace and security will come there soon! By the way, the writer of the comment didn't seem to have an issue with my reply, he didn't even reply to my comment.
@@l.k.7940 I think you are mistaken. He definitely specified "trifecta of bases". So one of his 3 bases or so and then he generalised that now he has more than that. But in previous videos he definitely said he likes staying in bogota in comparison to his other homes around the world.
Hi and thank you for this. When I first started moving around the world, I felt I needed a huge capital to start building bases abroad. However, I discovered a cute little thing called Teaching Abroad. It has given me a chance to actually live and work on the 6 habitable continents of the world, explore each country and culture at my employers expense, get a sense of what it feels like to live in that country, live there legally for 180 days and then decide if I want to be there or not. It’s the reason I now have properties on 3 continents (my trifecta) all without a huge initial capital to start my journey. I’ve started to document my own experiences on my RUclips channel, with hopes that I can inspire people like me to reach the level you’re advising at a much smaller cost.
@@l.k.7940right now, I love Spain because of the Beckham law and the fact it’s central to my other bases in South America and SE Asia. With my permanent residencies in Spain and Canada, I can cover the whole globe easily - and the fact that it all started with teaching abroad is humbling .
Which are high paying countries for ESL teachers relative to cost of living that do not discriminate against older people that would like to teach and earn an income?
@@gif24gt60I have always loved the ease of the Middle East. English is a language of business and most countries in the Middle East and SEAsia are non English speaking countries so the demand for English language teachers is huge there. With relatively easy-to-access economies and an equally vibrant population, you’d have a market of clients waiting before you arrive. Qatar and Malasia are my favourites right now
It a great place to live but not for you if you are foreigner, you are welcome as tourist but respect us please. As we are not welcomed to live in your countries we should require the same strict requirements
Had a great time in Bogota loved the city the culture the people the food and the coffee. Some of the folks I went with were too afraid to go out they were told Bogota is like Beirut but I always felt safe.
I spend most of each year in a city outside of Bogota' that has an airport. It's 30 minutes to fly to Bogota' and then I have all of those flight options, but I never have to deal with Bogo traffic. Sometimes I carry a cane/walking stick that I think makes me a lot safer. Why would a thief screw around with a guy carrying a meter-long brass hammer?
Bogota is beautiful and I especially like that the Country shuts down certain roads on Sunday's in order for people to get out and be active. Oh and my favorite restaurant there is 'Osaka' 😋
I'm from Bogotá and I have Spanish residence. Life style wise if you have money you can live like a king or queen in Bogotá. The weather and greenery are the best part.... and obviously the coffee!
@@thevanegas9678really? Even with the traffic issues? I prefer Bogotá only because it’s more modern compared to old buildings in Spain and Europe. But traffic is hard in Bogotá
Just like any huge city in America, there are bad areas of town and good areas. I stayed 2 weeks in Bogota in the North side of town, and walked around every night feeling safe. Tons of people walking around at night with many shops, cafes, bars etc open and things to see.
@@YouGotOptions2 No. The United States of America is the only country with the word ''America'' in it's name. So that's why everyone around the world referes to that country as America. Only stones and rocks don't understand this concept and get all upset. If someone wants to talk about a continent, they will say North America or South America. If they want to talk about a region of North America, they could say Central America. If they want to talk about that entire part of the world, they could say The Americas. But if a person is talking about just 1 country.......everyone knows that the USA is the one referred to as "America", since it's the only country in the world with that word in it's name.
@@user-xg6yc8ho3weverybody knows that the name of the continent is America, not "The Americas". Its correct to say that you are from America if you are from the States but that doesnt change the name of the continent. North America and South America are sub continets.
Bogota is excellent choice, the city is very open to cultures and nicest places like natural parks and best gastronomy restaurants from local to international. The climate is just perfect to work. Enjoy Bogota!
I have a coffee farm and country house here in Armenia, Colombia. Beautiful place to live. Love it here. A great lifestyle/weather and cost of living is reasonable. However a lot of people are moving here from Bogota to get away from the big city. So real estate is increasing from when we invested 10 years ago. Of course my wife is Colombian so that made relocating from Canada a bit easier. Cant imagine retiring in Canada.
Edited 10 seconds after below comment. This is why I love Andrew. He anticipates the questions-thoughts-needs. Curious how properties are maintained when you’re OOC? Utilities, security, etc.? With some countries deferring to squatters it’s a mild concern. Still binge watching Nomad Capitalist. Love Andrew’s passion. It’s infectious.
It is a beautiful country, it has a lot to offer like food, touristic places like Cartagena, Barranquilla, Bahia Solano (located in Choco) and friendly people. 😉
I've built up my business here in Medellin. It is my base as well. Regime Simple gives me a 4% tax rate on my business and that alone made the move worth it.
Does it have to be a business with employees that you hire or could it be a one man show? Like establishing yourself as an LLC in the US and being the only employee and getting the benefit of simple regime
@@twilightguy132 you can have a SAS which is the Colombian LLC and you don't need to have an employee. As long as the company makes less than about $750,000 a year, you will be able to get a tax rate from 2-6% based on the type of business.
You should check your numbers with another accountant, the current limit to stay under for régimen simplificado (which is now called no responsables de IVA) was only 148 million pesos for 2023 (like USD 37,000 today). There are also factors that determine if you comply with being régimen simplificado, like you can only have 1 location.
My tri-fecta is a small ultra safe island off the coast of Vancouver, Canada with amazing nature and boating, Holguin, Cuba downtown, and San Miguel de Allende, Mexico. Love them all!
Bogota has a lot of problems like many other capitals, but the new mayor will fix them. The city is very cosmopolitan, some areas looks like London, some like Spain, we have great weather, fresh air from the mountains, we call it natural a/c, last years they open a lot of new great restaurants with good local and wordwide food options, coffee shops, bars, hotels etc, also there are many influencers doing fantastic food festivals, the supermarkets are always full of food and fresh fruit also you can visit museums, shopping centers, parks and the sorroundings like, Chia, Cajica, the amazing Zipaquira salt church, el Dorado airport is almost new and they will do an expansion, you can go anywhere from there, in couple of years we finally will have a subway and cercanias trains, the earth is getting warm every year, that is one of the reason why after 21 years living in the expensive Miami im moving back to Bogota. Now i can see why there are so many Americans and Europeans living in Bogota, always welcome!!
I lived in Bogota for 12 years. I have to add that healthcare is excellent and very affordable. However, I left because of some issues like loud house parties every weekend (yes, even in the fancy neighborhoods like Chico), crime, and the general lack of common courtesy... yes, Colombians are very kind to their friends and family (aka people who know them), but they can be very rude to strangers (pedestrians, neighboors, service staff) in everyday life, which to me it's being two-faced. Anyway... I got tired of that and I'm still "young" at 42, so I wanted to see other parts of the world. I moved to Virginia for the summer and currently I live in Indonesia. We will see what's next :)
It is hard to connect as an outsider in a tough city. Manizales could have been a better bet. Manners go out the window when life is hard. NYC is an example.
@@IWH8023 I agree with that. I guess the biggest difference is New Yorkers never claimed to be the friendliest people on Earth 😄 but Colombians do! This can be very misleading and it triggers some of my pet peeves. Having said that, I did enjoy at least the first 5-7 years I lived there and I can see why Nomad chose it as his base in Latam
@@daviman26 The key factor is how happy can you be at that level of poverty and government abuse. I have to say The Philippines have the upper hand in this metric. Another thing: poor countries have the worst wealthy people.
a lot of people are fake, its annoying. Ive had what I thought were genuine and positive interactions with people and then when im walking away I can see them making a disgusted look...that sort of thing has happened more than once. A lot of them have negative views of foreigners and are nice because they want something. Once that happens to you a couple times your views towards them unfortunately start to change.
You mentioned once before paying for your first foreign property in cold hard cash, ~22k taken from the bank and hand delivered! It would be incredible to get more videos along these lines; Nomad Capitalism for beginners. Although I appreciate we are not your primary focus at NC! Enjoy & appreciate your videos. Edit: just heard your teaser along these lines at the end of the "Why I came back" video. Signed up for email notifications & fingers crossed
Great suggestion! Did you have a chance to see our recent videos on R&D channel, we are covering those countries there: www.youtube.com/@NomadCapitalistRD
Yeah, you have to have your own tea, because most other residents are drinking instant coffee nescafe. Best to have your own place stocked with your own tea, your own cashmere wardrobe, and your own fine art on the walls. And yeah, a bit old-fashioned western civlized ambience in the Bogota neighborhoods.
16 years in Colombia and 4 of my 7 homes are there. Was so much better before all the expats took over but I still love being at the farms with my 25 dogs. I spend 170 days a year there. Boquete Panama and Florianopolis Brazil make up my main trifecta. Still working so it's nice being on the US time zone.
I received Panamanian residency three years ago. Now working on Paraguay. Yes for the working stiff without oodles of extra capital these small Countries with affordable residency programs are a great option (although Panama FNV price increased dramatically). I agree it can't hurt to have multiple second residencies.
Stay on the North side of Bogota as is generally safer. Chia a nice area 45 mins North with cleaner air. For an incredible value, go 1.5 hrs further North to Zipaquira, Tocancipa, or Gachancipa. 40-50k for a 2-2 but you have to spend more than that for the residence permit. Stay max 6 months of the year without.
Chia is nice although walking to Andres Carne we decided to take a ride home in the evening as the neighborhood there looked rough. Sopo was a clean town and the residents took pride in their homes and streets.
easiest thing to do is stay 6 months out of the year while doing nothing, absolutely. Only reason id ever buy something is so that when I went there I could have my place set up exactly like I like it with the vibe I want, just like he alluded to. in the video. Because even if I had a place there I wouldnt stay for more than 6 months to avoid the taxes on worldwide income.
Yeah, in my time on the ground in Dubai, I regularly got glimpses of the local street economy that the Emir would rather that I not acknowledge. So it always helps to know what you are getting into. Bogota, of course, adheres to Western ideals of more openness. I've lived in both places, and they both are lovely places to live, but you have to use different street smarts in Bogota as opposed to the street smarts in Dubai.
Would you share what those street glimpses are? I hear a lot about the "shady side of dubai" type of stuff but it's always very mixed. To me Dubai just seems like it is hiding something right on the outskirts maybe that is just unexpected.
So when you are not there, is your property empty during the time you are not there? Whats your view of what to do with your property if you are not there? Until you retrun.
Did you realize that lately single guys are getting set up and drugged and robbed more than average ?? I don’t know the statistics but would like to learn more..
I’ve been watching some of these, RUclips’s on this very subject. It’s extremely alarming no way I would ever choose to visit Columbia let alone retire there 🥴🥴
so has a video been done on which residences are best to insure a person is taken care of if they require assisted living in the future? im very interested in the multiple residence strategy but really want to have a place that will have my back when if I require a medical assisted residence.
Bogota is awesome. Quality of life is great, culture is vibrant and safety wise maybe there's room for improvement, but if you have money you don't get exposed to those unsafe situations.
On board 🎉❤😊🎉 Shine 🎉 There's a lot of efforts; security wise which are presently taking place and the Government, is seriously implementing some positive changes!!! The weather is awesome; I hate the cold 😅 Just don't give "papaya" a local saying; meaning don't be stupid and don't take stupid risks. As you should do anywhere in the world; every city has areas where one shouldn't go. To be honest, there's many places in the USA, that I would never go wondering 😊 Yes, the food and the music are sensational and the party never stops 😂🎉❤🎉❤🎉❤
My home base is Bogota for 3 years... The north is the best. Usaquen, Chia, Cota, Cedritos, Santa Barbara ect. Love it here... yes its a ugly place if you only say in Downtown or the South.
There are beautiful parks and living neighborhoods in the South Side of the City but you're not prepared for that conversation, and actually it's good that way so you won't create any gentrification in the whole city.
As a Spaniard I could get Colombian citizenship in 2 years after getting permanent residency, do you you think is a good idea? Are there any downsides?
@@bunnystrasse No, you need residency (visa R) like everyone else, but after becoming a permanent resident you can get citizenship in 2 years instead of 5.
I would have gone to either Buenos Aires, Argentina, Montevideo, Uruguay or Porto Alegre, Rio grande do Sul, Brasil. I love the Gaucho culture and the temperate weather.
I've lived all my life in Bogotá and foreigners are becoming more usual than ever. You're welcome. As you said, I also agree with not being the US lap dog any more.
I've visited nearly every city on the Brazilian coast. If you're a city-guy you're going to mildly disappointed North of Rio. Cute smaller cities in the North, but might get bored. Forteleza to Espírito Santo has very nice beaches. Rio, even in Leblon can be a little shady. Check out Balneario Camboriu or Floripa.
Cali it's beautiful but mostly not safe enough. Bogota, Medellin, kind of ugly and kind of cold. Much better try Pereira, Manizales, Armenia, Cartagena.
@@Gumption1111 if Cali is a dump then Bogota and Medellin are 2x worse! and at least Cali it's beautiful, the other 2 cities you mention are just kind of ugly and relatively cold!
Sir, what do you think about Philippines as a residence? How about Taiwan? I’m not sure if I’ve come across your videos on these two nations. Edit: my business is expanding into these two places. Your thoughts would be greatly appreciated!
Thanks for the question! Here you can see the video about How to get Residence in the Philippines: How to get Residence in the Philippines And, We have covered Taiwan in this blog, hope it helps: nomadcapitalist.com/global-citizen/second-passport/taiwan-visa-citizenship-guide/
Sorry but Bogota is one of the ugliest cities I have ever visited. Next to Mexico City, Buenos Aires, Santiago, any city in Brazil, Lima, and even next Santo Domingo, Bogota leaves A LOT to be desired.
@@Electra-xm7lubogota is nice in places like Chico Norte. I think my neighborhood in Chico is one of the nicest neighborhoods I have seen anywhere in Latin America. Downtown Bogota is pretty ugly and looks like Mad Max. Most expats stay away from it.
Paraguay is only good for banking. Living wise, it sucks hard. But mate, you're dropping every secret as to why I love Bogota. Don't, I don't want a huge influx of 'passport bros'. I love your channel, but this video.... Send them to Medellin....
why banking? Some of us in Latin America have developed a vision of Paraguay being the "least advanced" country in South America as a whole; maybe it's a disjointed vision due to online memes, their extremely funny accent and their ties to brazilian drug trafficking stories. But again, why "banking" exactly? Thanks in advance for your time
When were you there, and what part of the city were you walking around?? I've been there 6 times in the past 5 years, and never felt like I was in danger. Bogotá and Cartagena are a different story. I was almost kidnapped in Cartagena, and I was robbed in Bogotá.
@@JKweez I can understand that perhaps they tried to rob you in Bogotá, but kidnap in Cartagena??I have never heard of a case like this in the city in my life.
I´m from Buenos Aires and I got the chance to live in Bogota a couple of years, and I felt really safe in many parst of Colombia, including Medellin and Cali... even more, I felt Bogota was a safer place than my city
Any reason why Argentine is never mentioned? I know the economy is bad there but I hear everything is really inexpensive for tourist because of their devalued currency.
is not only the economy, but crime and also government incompetence (bureaucracy) are a burden to consider Argentina as a good place to live. Maybe tourism is still good, but to actually live there? Not right now if you want peace of mind. We'll see if the new president can turn things around
I want to have a property in Bogota. For me it is the most planned, less densest and more greenest and cleanest city in Latin America but I heard it is the very unsafe with drugs and crimes. You cant step out when the sun sets. Other places I am looking is Panama city, Mexico city and Sao Paulo.
@@JacobJacobson88 Chapinero is a famous shopping neighborhood. I remember it because "Chapinero" sounds like "Shopping-nero." I never did get to the notorious Egypto neighborhood, but I've been everywhere else. And maybe Egypto has improved in the last few years, I haven't been back in a few years.
@@Tee55118 Bogotá is going through a huge infrastructure construction phase right now. Give it a few years. Many areas in North Bogotá are beautiful, clean and well maintained sectors of the city. Bogotá is huge! My wife and daughter just got back from there. Stayed pretty much in Chapinero Norte getting some dental work done and loved it. They were quite surprised when I mentioned how ugly the south part can be. They had no need to go there so thier perception was very skewed. Like many cities around the world.
Panama City is very safe, but if you like huge cities it's not for you. Metropolitan population is 1.4 million. Sao Paulo's pop. is 12 million and Bogota's is 10 million. Much bigger cities. It's like choosing between Austin, Los Angeles, and New York City. Many people prefer Austin.
If I work remote while in Colombia my company says that I have to pay the local taxes since I am physically there. They need to find a way to tax them, also, please do not pay for rents or houses just because it is low, because probably it is lower and you overpaid. We do not want those Cities to become San Francisco and New York where the locals are priced out because they don't make as much as the visitors or expats.
i always when visiting Bogota, idk but i feel some real vibe of London over & mixing with the interesting hispanic background in all around got and really offer Bogota in that particular Style of city!
I also bought in Bogotá to diversify and so far I am very happy with my decision
Which area do you recommend?
@@jasonlynch9407 Chicó Norte, La cabrera, Virrey, Teusaquillo, Ciudadela Colsubsidio, Colina Campestre
How much?
@@jordan.h6821I think you can found easy rent for about 400 o 450 dollars in a decent neighborhood.
invaders go to your country
He clearly said our country Colombia🇨🇴 is his base, Thanks for choosing our country, greetings from USA 🇺🇸 ❤🙏✌️✈️🇨🇴
1 of the 3 or 4 main bases of his since many years ago.
@@l.k.7940He never said his “only” base, he just said “base”. Your objection is a straw man that you formed yourself, and logically invalid. Did you even read what he said?
@AbeldeBetancourt obviously you didn't! Specifications Matter! By the way, the writer of the comment didn't have an issue with my reply!
@@Komnenit Specifications Matter!!
When someone says "base" that usually implies main base!!
Especially he is insisting by saying "He clearly said our country Colombia is his base"! instead of saying one of his bases. anyway. by the way, i love Colombia, just most of it isn't safe enough yet, hopefully peace and security will come there soon!
By the way, the writer of the comment didn't seem to have an issue with my reply, he didn't even reply to my comment.
@@l.k.7940 I think you are mistaken. He definitely specified "trifecta of bases". So one of his 3 bases or so and then he generalised that now he has more than that. But in previous videos he definitely said he likes staying in bogota in comparison to his other homes around the world.
Hi and thank you for this. When I first started moving around the world, I felt I needed a huge capital to start building bases abroad. However, I discovered a cute little thing called Teaching Abroad. It has given me a chance to actually live and work on the 6 habitable continents of the world, explore each country and culture at my employers expense, get a sense of what it feels like to live in that country, live there legally for 180 days and then decide if I want to be there or not. It’s the reason I now have properties on 3 continents (my trifecta) all without a huge initial capital to start my journey. I’ve started to document my own experiences on my RUclips channel, with hopes that I can inspire people like me to reach the level you’re advising at a much smaller cost.
Hi, which countries did you like the most? and where did you make bases?
You should do a video yourself! Would love to hear your story.
@@l.k.7940right now, I love Spain because of the Beckham law and the fact it’s central to my other bases in South America and SE Asia. With my permanent residencies in Spain and Canada, I can cover the whole globe easily - and the fact that it all started with teaching abroad is humbling .
Which are high paying countries for ESL teachers relative to cost of living that do not discriminate against older people that would like to teach and earn an income?
@@gif24gt60I have always loved the ease of the Middle East. English is a language of business and most countries in the Middle East and SEAsia are non English speaking countries so the demand for English language teachers is huge there. With relatively easy-to-access economies and an equally vibrant population, you’d have a market of clients waiting before you arrive. Qatar and Malasia are my favourites right now
Thanks for sharing, we need more investors and Hardworking people around
Beautiful beautiful country😊bogota amazing city, I agree friendly people, amazing food, you can have a maid..overall great place to live
Love Bogotá ❤️
"you can have a maid" this says a lot about you
Predatory party girls.
@@diana914roamright like wtf??
It a great place to live but not for you if you are foreigner, you are welcome as tourist but respect us please. As we are not welcomed to live in your countries we should require the same strict requirements
Had a great time in Bogota loved the city the culture the people the food and the coffee. Some of the folks I went with were too afraid to go out they were told Bogota is like Beirut but I always felt safe.
You need to be careful in Bogota just because you haven't been robbed doesn't mean it's not a common occurence there.
I spend most of each year in a city outside of Bogota' that has an airport. It's 30 minutes to fly to Bogota' and then I have all of those flight options, but I never have to deal with Bogo traffic. Sometimes I carry a cane/walking stick that I think makes me a lot safer. Why would a thief screw around with a guy carrying a meter-long brass hammer?
Bogota is beautiful and I especially like that the Country shuts down certain roads on Sunday's in order for people to get out and be active. Oh and my favorite restaurant there is 'Osaka' 😋
Medellín ❤
Some Colombians hate Bogotá because it is different from the rest of the country, and because it is way more cosmopolitan than the other cities.
Great video, Bogotá has an interesting future.
Which areas do you recommend?
Bogota sucks. Crime is high. People are meh. Medellin is best.
@@jasonlynch9407 Chicó Norte, La cabrera, Virrey, Teusaquillo, Ciudadela Colsubsidio, Colina Campestre
@@OGPimpin-t6o Mierdellin?
@MarioCuervo Si votan por otro "Petro", no va haber ningún futuro
I'm from Bogotá and I have Spanish residence. Life style wise if you have money you can live like a king or queen in Bogotá. The weather and greenery are the best part.... and obviously the coffee!
Don’t forget to tell them about crime and woman preying on foreigners.
Cali is mejor mi Hermano.
I lived 10 years in Spain and I love so much far living in Bogotá than any other part of Spain.
Bogotá all the way. ❤
@@thevanegas9678really? Even with the traffic issues? I prefer Bogotá only because it’s more modern compared to old buildings in Spain and Europe. But traffic is hard in Bogotá
Excellent information...thank you from Australia
Thank you!
Just like any huge city in America, there are bad areas of town and good areas. I stayed 2 weeks in Bogota in the North side of town, and walked around every night feeling safe. Tons of people walking around at night with many shops, cafes, bars etc open and things to see.
I stayed in Chia but took the bus to Bogota almost everyday to meet my friend who was attending university there.
EVERY city, state, and country in the American continent is "in America"!!!!!!!
@@YouGotOptions2 No. The United States of America is the only country with the word ''America'' in it's name. So that's why everyone around the world referes to that country as America. Only stones and rocks don't understand this concept and get all upset. If someone wants to talk about a continent, they will say North America or South America. If they want to talk about a region of North America, they could say Central America. If they want to talk about that entire part of the world, they could say The Americas. But if a person is talking about just 1 country.......everyone knows that the USA is the one referred to as "America", since it's the only country in the world with that word in it's name.
@@user-xg6yc8ho3wAgreed! I wish that sense of ownership was used in more efficient ways.
@@user-xg6yc8ho3weverybody knows that the name of the continent is America, not "The Americas". Its correct to say that you are from America if you are from the States but that doesnt change the name of the continent.
North America and South America are sub continets.
Bogota is excellent choice, the city is very open to cultures and nicest places like natural parks and best gastronomy restaurants from local to international. The climate is just perfect to work. Enjoy Bogota!
Colombia still has a lot of potencial
Yes, that's the Colombian classy wardrobe, open-neck dress shirt with solid cashmere sweater.
Bogotá👍🏾
@@czarizo05 Bogota no good, ugly city and cold.
Bogota sucks.
@l.k.7940 true, not tropical. More like San Francisco or Denver.
@@OGPimpin-t6o 10% of tourists swing that way and enjoy the suck.
I have a coffee farm and country house here in Armenia, Colombia. Beautiful place to live. Love it here. A great lifestyle/weather and cost of living is reasonable. However a lot of people are moving here from Bogota to get away from the big city. So real estate is increasing from when we invested 10 years ago. Of course my wife is Colombian so that made relocating from Canada a bit easier. Cant imagine retiring in Canada.
your wive got jackpot, they love to end up with foreigners with money, but only having been banged by everyone
Just curious - do you have common children with your wife?
Edited 10 seconds after below comment. This is why I love Andrew. He anticipates the questions-thoughts-needs.
Curious how properties are maintained when you’re OOC? Utilities, security, etc.? With some countries deferring to squatters it’s a mild concern.
Still binge watching Nomad Capitalist. Love Andrew’s passion. It’s infectious.
Would love to see more apartment tours and interior inspiration!
I'm glad you're recommending my hometown. It really is a nice place full of benefits and, on top of that, amazing people and environments.
It is a beautiful country, it has a lot to offer like food, touristic places like Cartagena, Barranquilla, Bahia Solano (located in Choco) and friendly people. 😉
We have choosen Medellin. Excelent conditions here. Safety is good, health care even better than in Germany
I've built up my business here in Medellin. It is my base as well. Regime Simple gives me a 4% tax rate on my business and that alone made the move worth it.
Does it have to be a business with employees that you hire or could it be a one man show? Like establishing yourself as an LLC in the US and being the only employee and getting the benefit of simple regime
@@twilightguy132 you can have a SAS which is the Colombian LLC and you don't need to have an employee. As long as the company makes less than about $750,000 a year, you will be able to get a tax rate from 2-6% based on the type of business.
@bayshawnmalik also based in Medellin how long have you lived here?
You should check your numbers with another accountant, the current limit to stay under for régimen simplificado (which is now called no responsables de IVA) was only 148 million pesos for 2023 (like USD 37,000 today). There are also factors that determine if you comply with being régimen simplificado, like you can only have 1 location.
@@michaelwatkins8710 2nd the above comment
Very interesting! I'd love to see a video like these for the other continents.
I love Bogotá, it is an amazing city!
My tri-fecta is a small ultra safe island off the coast of Vancouver, Canada with amazing nature and boating, Holguin, Cuba downtown, and San Miguel de Allende, Mexico. Love them all!
I always enjoy watching your videos. Thank you for making me smarter.
Bogota has a lot of problems like many other capitals, but the new mayor will fix them. The city is very cosmopolitan, some areas looks like London, some like Spain, we have great weather, fresh air from the mountains, we call it natural a/c, last years they open a lot of new great restaurants with good local and wordwide food options, coffee shops, bars, hotels etc, also there are many influencers doing fantastic food festivals, the supermarkets are always full of food and fresh fruit also you can visit museums, shopping centers, parks and the sorroundings like, Chia, Cajica, the amazing Zipaquira salt church, el Dorado airport is almost new and they will do an expansion, you can go anywhere from there, in couple of years we finally will have a subway and cercanias trains, the earth is getting warm every year, that is one of the reason why after 21 years living in the expensive Miami im moving back to Bogota. Now i can see why there are so many Americans and Europeans living in Bogota, always welcome!!
I doubt it. Any left government is going to ruin the country, ultimately. It's already happening. I won't elaborate, just look it up
😂😂😂😂
The new mayor 😂😂😂😂
Respecto al metro , que aún no entrega los estudios , veo lejos soluciones a la movilidad, y más si es simpatizante de la modalidad BRT
@@javierpardo11El metro nunca podrá hacerse si Petro no está de acuerdo, aunque ya los bogotanos no le comen cuento a los caprichos del hampon mayoe
Thanks a lot. Colombia is still a growing market
I lived in Bogota for 12 years. I have to add that healthcare is excellent and very affordable. However, I left because of some issues like loud house parties every weekend (yes, even in the fancy neighborhoods like Chico), crime, and the general lack of common courtesy... yes, Colombians are very kind to their friends and family (aka people who know them), but they can be very rude to strangers (pedestrians, neighboors, service staff) in everyday life, which to me it's being two-faced. Anyway... I got tired of that and I'm still "young" at 42, so I wanted to see other parts of the world. I moved to Virginia for the summer and currently I live in Indonesia. We will see what's next :)
It is hard to connect as an outsider in a tough city. Manizales could have been a better bet. Manners go out the window when life is hard. NYC is an example.
@@IWH8023 I agree with that. I guess the biggest difference is New Yorkers never claimed to be the friendliest people on Earth 😄 but Colombians do! This can be very misleading and it triggers some of my pet peeves. Having said that, I did enjoy at least the first 5-7 years I lived there and I can see why Nomad chose it as his base in Latam
@@daviman26 The key factor is how happy can you be at that level of poverty and government abuse. I have to say The Philippines have the upper hand in this metric. Another thing: poor countries have the worst wealthy people.
@@IWH8023 100%
a lot of people are fake, its annoying. Ive had what I thought were genuine and positive interactions with people and then when im walking away I can see them making a disgusted look...that sort of thing has happened more than once. A lot of them have negative views of foreigners and are nice because they want something. Once that happens to you a couple times your views towards them unfortunately start to change.
Very nice piece of art. I wish we could see the entire piece.
Spent 2 weeks outside of Bogota last year on my travels. I couldn't help but think I would run into Andrew when I was in Bogota. 😁
Haha. But hey, you never know, maybe you'll run into him on your next adventure.
Love COLOMBIA!!!
Money is not everything, but it's everything; it gives you options.
You mentioned once before paying for your first foreign property in cold hard cash, ~22k taken from the bank and hand delivered! It would be incredible to get more videos along these lines; Nomad Capitalism for beginners.
Although I appreciate we are not your primary focus at NC! Enjoy & appreciate your videos.
Edit: just heard your teaser along these lines at the end of the "Why I came back" video. Signed up for email notifications & fingers crossed
Where was that??
Request: can we have a comparison of SE Asia residency programs? Either way, love your videos, thanks for sharing
Great suggestion! Did you have a chance to see our recent videos on R&D channel, we are covering those countries there: www.youtube.com/@NomadCapitalistRD
Welcome !
As a Colombian born and currently living in Bogota… interesting concept man…
Will be in Bogota in next week. Thanks for the video 💪🏾
Have a great time in Bogota!
You're so welcome 🤗
Enjoy your trip!
@@nomadcapitalist Gracias amigo
Welcome enjoy food, landscapes, museums, people
Great video,Colombia is on my radar.
En Colombia lo tienes todo...todo
great stuff! also please help that tree behind you :)
the most beautiful gift is very very nice hearted,helping and sweet behaviour people whom we cant find in any other continent
Yeah, you have to have your own tea, because most other residents are drinking instant coffee nescafe. Best to have your own place stocked with your own tea, your own cashmere wardrobe, and your own fine art on the walls. And yeah, a bit old-fashioned western civlized ambience in the Bogota neighborhoods.
😆😆
There are no coffee shops or other drinks shops that sell tea there?
Your are the big papa every were you go ....🎉
Que viva Colombia 🏙🌆
Please do yourself a self enjoyment treatment… go to Barranquilla’s Carnival… have a blast!
Carnaval de Pasto. Barranquilla is so early 2000's
Helpful.
16 years in Colombia and 4 of my 7 homes are there. Was so much better before all the expats took over but I still love being at the farms with my 25 dogs. I spend 170 days a year there. Boquete Panama and Florianopolis Brazil make up my main trifecta. Still working so it's nice being on the US time zone.
yes go back dreaming, child
Great Idea.
I received Panamanian residency three years ago. Now working on Paraguay. Yes for the working stiff without oodles of extra capital these small Countries with affordable residency programs are a great option (although Panama FNV price increased dramatically). I agree it can't hurt to have multiple second residencies.
Stay on the North side of Bogota as is generally safer. Chia a nice area 45 mins North with cleaner air. For an incredible value, go 1.5 hrs further North to Zipaquira, Tocancipa, or Gachancipa. 40-50k for a 2-2 but you have to spend more than that for the residence permit. Stay max 6 months of the year without.
Chia is nice although walking to Andres Carne we decided to take a ride home in the evening as the neighborhood there looked rough. Sopo was a clean town and the residents took pride in their homes and streets.
easiest thing to do is stay 6 months out of the year while doing nothing, absolutely. Only reason id ever buy something is so that when I went there I could have my place set up exactly like I like it with the vibe I want, just like he alluded to. in the video. Because even if I had a place there I wouldnt stay for more than 6 months to avoid the taxes on worldwide income.
Noon. The north is a little boring. Try The Center in La Macarena area or Centro Internacional de Comercio. Even La Candelaria.
Good for you big boy
Yeah, in my time on the ground in Dubai, I regularly got glimpses of the local street economy that the Emir would rather that I not acknowledge. So it always helps to know what you are getting into. Bogota, of course, adheres to Western ideals of more openness. I've lived in both places, and they both are lovely places to live, but you have to use different street smarts in Bogota as opposed to the street smarts in Dubai.
Would you share what those street glimpses are? I hear a lot about the "shady side of dubai" type of stuff but it's always very mixed. To me Dubai just seems like it is hiding something right on the outskirts maybe that is just unexpected.
I have my trifecta Dubai Melbourne and Delhi
I love Bogotá. Part of my family is from the US, and they love coming here because it has so many options in terms of food and art.
Aqui en este pais debes analizar muy bien tus pasos! por lo demas, Bienvenido!
Great job, keep it up!
Thanks!
Glad you're enjoying my ancestral homeland :)
Interesting, thanks for the info, a place to visit
I guess I am not the only one living the trifecta. 😂 Tampa, Cancun, and my favorite... Medellin!
Men of culture...
How much are condos in Tampa
@@jordan.h6821Expensive around 1500 dollars.
So when you are not there, is your property empty during the time you are not there? Whats your view of what to do with your property if you are not there? Until you retrun.
Great question, we have covered it in this video: ruclips.net/video/tOJ7Tav-0qY/видео.html
Did you realize that lately single guys are getting set up and drugged and robbed more than average ??
I don’t know the statistics but would like to learn more..
Don’t go with random women bro 😂
Exactly. I was just about to say this.
I think about 50 died last year but they're a bunch of passport bros going to exploit poorer women. You'll notice no women were impacted...
I’ve been watching some of these, RUclips’s on this very subject. It’s extremely alarming no way I would ever choose to visit Columbia let alone retire there 🥴🥴
Single guys who look for prostitutes....fixed it for you. I live here and don't worry about that because I'm not trying to pay for sex 🤷🏿♂️
so has a video been done on which residences are best to insure a person is taken care of if they require assisted living in the future? im very interested in the multiple residence strategy but really want to have a place that will have my back when if I require a medical assisted residence.
Bogota is awesome. Quality of life is great, culture is vibrant and safety wise maybe there's room for improvement, but if you have money you don't get exposed to those unsafe situations.
You would luuuuuuuve Argentina. Best meat ever. And the list of good things are a lot.
Argentina is aight. People in Buenos Aires are weird. Like cats.
I usually hate talking head you tube but this is guy is such a good communicator he gets away with it
On board 🎉❤😊🎉 Shine 🎉 There's a lot of efforts; security wise which are presently taking place and the Government, is seriously implementing some positive changes!!!
The weather is awesome; I hate the cold 😅
Just don't give "papaya" a local saying; meaning don't be stupid and don't take stupid risks. As you should do anywhere in the world; every city has areas where one shouldn't go.
To be honest, there's many places in the USA, that I would never go wondering 😊
Yes, the food and the music are sensational and the party never stops 😂🎉❤🎉❤🎉❤
Victim blaming
@@jonl6925?? how so? im genuinely curious
Colombia's Crime Wave Has Gone Up In The Last 2 Years. Its NO WHERE Near Being Safe.
Don’t give papaya means more along the lines of “don’t show off/ be flashy”
@@jonl6925
Meaning!?
Please, if you choose to do so. Read my extended replying I just made below 😉
My home base is Bogota for 3 years... The north is the best. Usaquen, Chia, Cota, Cedritos, Santa Barbara ect. Love it here... yes its a ugly place if you only say in Downtown or the South.
how about Chapinero central?
@@sianstpaul1349 I don't like it at all. I mean, it's way cheaper than other areas in the Chapinero area, but I don't like it.
I avoid Chapinero... you might have a nice spot.. but when you exit your house its ugly. Best to go more north. @@sianstpaul1349
That is good spot!!!@@sianstpaul1349
There are beautiful parks and living neighborhoods in the South Side of the City but you're not prepared for that conversation, and actually it's good that way so you won't create any gentrification in the whole city.
As a Spaniard I could get Colombian citizenship in 2 years after getting permanent residency, do you you think is a good idea? Are there any downsides?
There’s downsides to living in every country
The Cocaine isn't as good as Peru's.
im colombian and im thinking doing what you said but with spain hahaha.
is a good a idea¿
Wait what? Really? They allow you to immigrate to Colombian as a Spanish?
@@bunnystrasse No, you need residency (visa R) like everyone else, but after becoming a permanent resident you can get citizenship in 2 years instead of 5.
I wish he would speak about making money and how to do it to have the option to do these
I’m here!
Can u plz talk about Paraguay and Uruguay residency programs
with path to citizenship without need of living on shore?
Great suggestion. Keep an eye on our R&D channel. We will be covering them in the upcoming videos: www.youtube.com/@NomadCapitalistRD/featured
@@williambrady1043 We talked about Argentina recently: ruclips.net/video/UYs4DCEsdBI/видео.html
I would have gone to either Buenos Aires, Argentina, Montevideo, Uruguay or Porto Alegre, Rio grande do Sul, Brasil. I love the Gaucho culture and the temperate weather.
They are also good options. But for those who want to live in a good place close to North America and Europe: Bogota is still an excellent option.
I've lived all my life in Bogotá and foreigners are becoming more usual than ever. You're welcome. As you said, I also agree with not being the US lap dog any more.
Great listening to this while I'm here in Bogota. You mentioned Peruvian restaurants. Is there a particular one you recommend?
How would Peruvian food compare to Colombian food?
By the way, many Peruvians eat mice & rats as part of their food culture.
I've visited nearly every city on the Brazilian coast. If you're a city-guy you're going to mildly disappointed North of Rio. Cute smaller cities in the North, but might get bored. Forteleza to Espírito Santo has very nice beaches. Rio, even in Leblon can be a little shady. Check out Balneario Camboriu or Floripa.
Good stuff! Making plans for Cali 🙏
Cali's a dump. Do Medellin or Bogota.
Have fun!
Cali it's beautiful but mostly not safe enough.
Bogota, Medellin, kind of ugly and kind of cold.
Much better try Pereira, Manizales, Armenia, Cartagena.
@@Gumption1111 if Cali is a dump then Bogota and Medellin are 2x worse! and at least Cali it's beautiful, the other 2 cities you mention are just kind of ugly and relatively cold!
@@l.k.7940 Medellin is kind of cold? Maybe if you're from Saudi Arabia or something lol.
Andrew, can you tell me about safety there.
I agree!
great choice 😊
Sir, what do you think about Philippines as a residence? How about Taiwan?
I’m not sure if I’ve come across your videos on these two nations.
Edit: my business is expanding into these two places. Your thoughts would be greatly appreciated!
Thanks for the question!
Here you can see the video about How to get Residence in the Philippines: How to get Residence in the Philippines
And, We have covered Taiwan in this blog, hope it helps: nomadcapitalist.com/global-citizen/second-passport/taiwan-visa-citizenship-guide/
Pablo Escobar territory. Scary.
@@lastpreacher9093 hahahaha
@@lastpreacher9093 he's alive only in your mind ... not as the serial killers in the US and children who kill children in schools there... sad
Bogota is beautiful but there’s so much more to see. It’s a shame a lot of it is strictly unsafe
Is Panama City and Sao Paulo safer than Bogota?
Sorry but Bogota is one of the ugliest cities I have ever visited. Next to Mexico City, Buenos Aires, Santiago, any city in Brazil, Lima, and even next Santo Domingo, Bogota leaves A LOT to be desired.
@@Electra-xm7lubogota is nice in places like Chico Norte. I think my neighborhood in Chico is one of the nicest neighborhoods I have seen anywhere in Latin America. Downtown Bogota is pretty ugly and looks like Mad Max. Most expats stay away from it.
I heard very bad thing happening regularly on Sao Paulo. Panama should be the safest country of all Latin America
Panama City is extremely safe and the subway costs 35 cents. @@aaronadam4747
Reason #1: 1 US Dollar = 4.900 COP. 😃
Has today 3.950 it was 4.9 but that was in corona times besides the new goverment has bring a lot of tourist that helps agains inflation
😢
Paraguay is only good for banking. Living wise, it sucks hard. But mate, you're dropping every secret as to why I love Bogota. Don't, I don't want a huge influx of 'passport bros'. I love your channel, but this video.... Send them to Medellin....
why banking? Some of us in Latin America have developed a vision of Paraguay being the "least advanced" country in South America as a whole; maybe it's a disjointed vision due to online memes, their extremely funny accent and their ties to brazilian drug trafficking stories. But again, why "banking" exactly? Thanks in advance for your time
I can’t speak to Bogota but I’ve been to 46 countries and Medellin was the only place I’ve ever truly felt in danger just walking around.
When were you there, and what part of the city were you walking around?? I've been there 6 times in the past 5 years, and never felt like I was in danger. Bogotá and Cartagena are a different story. I was almost kidnapped in Cartagena, and I was robbed in Bogotá.
Visit Philly.
@@JKweez I can understand that perhaps they tried to rob you in Bogotá, but kidnap in Cartagena??I have never heard of a case like this in the city in my life.
I´m from Buenos Aires and I got the chance to live in Bogota a couple of years, and I felt really safe in many parst of Colombia, including Medellin and Cali... even more, I felt Bogota was a safer place than my city
What about Ecuador? Cuenca or Quito? Your comments are important.
I agree ❤
How do you stay safe in Bogota?
You can see more about Andrew's experience in Bogota here: ruclips.net/video/fNhxKDtvVs8/видео.html
Have you ever looked into possible owning a rental property in colombia? Can a multiunit property cash flow enough to sustain a living?
Any reason why Argentine is never mentioned? I know the economy is bad there but I hear everything is really inexpensive for tourist because of their devalued currency.
We have a recent video about Argentina on our R&D channel, you can see it here: ruclips.net/video/iFmE7-m7Ba0/видео.html
The economy in shambles there! That also means crime is up, unless they place tough anti-crime measures expect to be affected by crime there!
@@l.k.7940 I’ve been there many times as a tourist and never even seen a crime but I’m sure there is but usually it’s petty crime.
is not only the economy, but crime and also government incompetence (bureaucracy) are a burden to consider Argentina as a good place to live. Maybe tourism is still good, but to actually live there? Not right now if you want peace of mind. We'll see if the new president can turn things around
@@gadget00 I've travelled there many times and never felt unsafe. You just don’t go to certain neighborhoods just like any other city
I want to have a property in Bogota. For me it is the most planned, less densest and more greenest and cleanest city in Latin America but I heard it is the very unsafe with drugs and crimes. You cant step out when the sun sets. Other places I am looking is Panama city, Mexico city and Sao Paulo.
I have lived in Bogota for 5 years, "Planned" is the last word I would use to describe it. I love it though, its a great city.
@@JacobJacobson88 Chapinero is a famous shopping neighborhood. I remember it because "Chapinero" sounds like "Shopping-nero." I never did get to the notorious Egypto neighborhood, but I've been everywhere else. And maybe Egypto has improved in the last few years, I haven't been back in a few years.
@@Tee55118
Bogotá is going through a huge infrastructure construction phase right now. Give it a few years.
Many areas in North Bogotá are beautiful, clean and well maintained sectors of the city.
Bogotá is huge! My wife and daughter just got back from there. Stayed pretty much in Chapinero Norte getting some dental work done and loved it. They were quite surprised when I mentioned how ugly the south part can be. They had no need to go there so thier perception was very skewed.
Like many cities around the world.
Just consider Medellin.
Panama City is very safe, but if you like huge cities it's not for you. Metropolitan population is 1.4 million. Sao Paulo's pop. is 12 million and Bogota's is 10 million. Much bigger cities. It's like choosing between Austin, Los Angeles, and New York City. Many people prefer Austin.
If I work remote while in Colombia my company says that I have to pay the local taxes since I am physically there. They need to find a way to tax them, also, please do not pay for rents or houses just because it is low, because probably it is lower and you overpaid. We do not want those Cities to become San Francisco and New York where the locals are priced out because they don't make as much as the visitors or expats.
I love your ideas but how do I make money to pay for all that?! Including your services.
Which areas of Bogotá are best for living in?
Inspiration
i always when visiting Bogota, idk but i feel some real vibe of London over & mixing with the interesting hispanic background in all around got and really offer Bogota in that particular Style of city!
when do you need to pay income taxes when you have airnbn there?
Yes, you need to file taxes
Just curious - are there any mixed couples (Colombian + European or North American) with common children who moved to Colombia?
W hotel usaquen is this perfect for 7 nights trip to bogota?
Casa Medina Four Seasons is so pretty… W is fine
I lived in Ciudad de Oaxaca and San Cristobals de las Casas for 6 weeks each and now I’m in Xela.
Have you visited these cities?
5:00 I wonder what you mean by investing in Colombia. Is it buying real estate?
nice