@@jorgemoll5994 Not lucky. Spent months finding an online job in sales. Didnt know anyone in mexico. Took an Airbnb for 26 days while trying to figure out what to do and how to speak spanish and where to go. Luck is when opportunity meets preparation.
2 Canadians that fled Chinada for Mexico Oct 14th 2021 best decision ever. Not saying its perfect nor are we saying its not gonna come here but for now its way better and we are free and free to move if needed Its booming here, Ill add this to my playlist for my subs to find as well (o: Cheers from 2 Canadians living in Mexico Yucatan Peninsula J&D
As a russian citizen, I had money for citizenship last year during market peak. I didn't buy carribean passport because times were good. Now war started, Russians got sanctioned into oblivion, carribean programs closed, Turkey hiked prices, market is down. I'm screwed. Get passport when times are good! Because it might be too late, too quickly (like in my case).
@@Al-yu6bq I'm surprised as well. I learned hard lesson - never count on rationality of state actors. Expect most ridiculous and inefficient sanctions just for the sake of domestic populism. That's why you need plan B!
Great advice. Get important things done when everything is going good. It is very hard to get important, life saving task done when the shit-hits-the-fan.
I thought the best option as an American was to get a Plan B, renounce take the money I no longer pay in taxes to pick up another CBI and further build out my financial options based on my new freedom. I didn't use Andrews service but the man is a great source of information and motivation.
Andrew, why would somebody want to go to Germany or any European country at this point in history? Arent you paying attention to what's really going on over there right now? Those annual indexes you are looking at are 1: backwards looking, and 2: missing important metrics on changing social, economic and political trends relating to the Great Reset. Why would I care how a country was last year based on bland metrics when we now look at the news today and see such alarming developments like energy shortages, food shortages, devolving weather patterns, faltering currencies, hyper inflation, rising left wing authoritarianism as well as a potential hot war with Russia? Germany's and many other European countries' politics are all balls deep in the Great Reset propaganda and the last place anyone should move to today or the next 10-20 years. I have Teutonic heritage and I wouldn't consider anywhere in Germany or Europe ever.
@ 2:50 "Listen, Larry King interviewed serial killers, doesn't mean Larry King is a serial killer, I'm just sharing the article." LMAO, too true, Andrew.
andrew what is your opinion about citizenship by investment thru sanglo crypto coin in central africa? hope you make a video about this. though their passport can only travel visa free on 49 countries.
Be honest pay your taxes. Show a little gratitude that you have whatever you have. If the US is authoritarian, we're all screwed. Libertarianism is an eccentricity. 😂 Lol
If you continue living there, they'll break your ass through taxes, you will not be able to do what you must do there; shout out to you the decision you made
The Canadian passport is a cheap and easy passport to get, I don't understand it ranks so high. Majority of all new residences come from South east Asia. Canada has no doubt seen its best days. The healthcare system is collapsing in Canada also due to a shortage of doctors and other healthcare workers.
The article and you both make good points. My grandparents were also forced into fleeing their home country. I'm glad to say that I was able to go get my second citizenship there. We should all explore our options... -Sarah
Who would have thought that the US government would be considered a tyrant nation, but they are. I'm mixed if Mexico is better, confused about it. But I am scared of where the US govt is going. The reality is so different than the " Dream ' ( ie fantasy). I don't know somewhere else is any safer either.
Although I'm not ethnically European, I think it's a unique option vs Mexico and Central America. It's like having 8 buffet options vs over 25 buffet options. I enjoy more options.
I mean if you are minding your own business in a country you are not a citizen of and you are present in that country as the holder of a passport from a country that generally minds it's own business ie a second passport you obtained by descent, residency, or investment for most Americans, and you are there as a tourist, even if there is a serious geopolitical event that shakes the country, your ability to leave is unlikely to be taken away and the odds of you specifically being targeted are minimal if you are paying attention to what the local sentiment towards foreigners is and you don't overstay your welcome anywhere whether legally or in the case of sentiments being negative towards foreigners and you failing to leave early from the party. There is a lot to be said for having a few citizenships, and multiple residencies in terms of your ability to avoid outside forces from impacting your day to day life.
16:30 that really depends on which port you're entering through and the official. I renewed my visitors card last week, got 180 days, very few questions. That being said, I greeted the official and identified myself in Spanish.
Authoritarianism is going rampant because governments are fearful. They know more and more of us are waking up and there will come a time (not too far from now) that the masses will not take the violations anymore and power will then effectively return to the people, where it belongs. There is nowhere to run away from. Stay in your country and fight for it. Even though I'm a double citizen (Colombian and Dutch because my family and I fled from the civil war in Colombia over 20 years ago), I will not be running away anytime soon.
Andrew... PLEASE address the very loud "Dunn Dunn" intro jingle that comes in after your intro lol that sounds silly, but really... It's ear piercing for people who use ear buds.
If you have Indian descent then you can apply for a Overseas Citizen of India Card (OCI). You can do everything an Indian citizen can do apart form purchasing agricultural land. Tons of real estate and business opportunities and a growing economy. Yes, highly underdeveloped and a right wing government, but you can live freely and it’s still cheaper
She wants to leave the US because the authoritarian federal government hasn't fully filled out its moustache yet. I like how the theme is always the same -- vote for complete wreckage, then bail when the results come home to roost. I do encourage her to move to Germany. I think she'll feel right at home (if a bit chilly) with Germany's commitment to green energy. Pack an extra sweater or two.
Since the writer of the article is talking about Germany I am curious aside from those who were deprived of their citizenship there by the nazis, if they offer citizenship to descendants of those who fled the 1848 revolution in Germany that brought the country together as a whole but also spread out a lot of diaspora throughout the world in the process. Also a curiosity exercise or question if you will for you Andrew, perhaps you don't have any emotional attachment left to the United states, but assuming there is any emotional strings pulling you back in this direction what circumstances would it take to consider regaining us citizenship? End of citizenship-based Taxation or a shift of more government power back to the individual states? Just had my honest curiosity. Looking at my options going forward beyond the us but for my purposes so far still benefits more staying here for my purposes at least versus leaving completely...
I noticed in your RUclips channel's "About" tab that you're located in Hong Kong. What do you like best about Hong Kong? Is it a good place to escape authoritarianism?😉
@@MrBCWalker01 Ah, yes, Dubai - a freely elected democracy where women have free access to abortion, and are treated the same as men. It's a haven for the LGBTQIA community. I can see why people would want to flee Canada, the U.K. or the U.S. for such a paradise. We have such miserable existences in our oppressive countries.
Direct your complaints about Andrew's business to him. I don't work for him. I am not his client either. I merely answered your question; your outrage is misplaced.
@@henrysturgeon4278 I tried his strategies , you just become a big honey pot target for swindlers, thieves, and con artists. It is not as easy as he purports it to be.
@Nomad Capitalist team Can a US citizen gain other passports by dividing up their PM assets between their 3 bases? Living below means, maybe on a hook, maybe in a marina, maybe a cabana but seasonal or quarterly.. Will the tax liability for having 3 or 4 home bases out way the benefits of being a Nomad visiting bouncing around?
Whether or not you are tax resident somewhere outside the US really depends on the rules of each locality. I mean Spain is going to do everything to say you are resident there. Thailand may not consider you a tax resident even if you have lived there two years on say the Thai elite visa. You have to examine the tax residency rules of each locality and structure your lifestyle, business and assets to ensure you aren't tax resident in multiple places, preferably for Americans structured in a way where you aren't tax resident anywhere else, or if you are tax resident somewhere else, it is in a country with a double tax treaty with the US that allows you to structure your affairs to avoid US taxes, and minimize the local taxes too. The US has a lot of DTAs and several Social Security Totalization Agreements that can prove helpful. The country where you decide to become tax resident in such a scenario would be one that it would be most beneficial to have its own Double Tax Agreements with the other countries you intend to spend time in, especially ones that make it clear qualifying for residency in your first choice excludes you from residency in the other place or places. I mean the general rule would be a short term rental in a place like an AirBNB for 3 months is less likely to make you tax resident than a year long lease you only live at for 3 months, while a place you own and live at for 1 month a year is more likely to make you tax resident than the rental, or at least maintain a tax residency. There are a lot of broad strokes that vary by country and general rules always have exceptions. I means for Americans the other thing to think about is are you still tax domiciled in the state you lived in before you left. You may be unless you properly severe ties and establish a nona fide residency somewhere else. In some instances it may even make sense to move to an income tax free state particularly one like South Dakota that allows you to obtain a driver's license with a one night hotel stay as proof of residency and a mail forwarder before leaving to severe ties with a state that will continue to tax you like New York or California. You may also need to get rid of storage units, and property ties like a vehicle titled in those states because they want to keep taking a pound of flesh as long as they can. Exiting the US correctly is phase one. Using the foreign earned income exclusion and foreign housing exemption and foreign tax credits is step 2 of dealing with exiting the US. Not becoming tax resident in the wrong jurisdiction is step 3, becoming tax resident in the right jurisdiction if you must is step 4. I've looked at the broad stroke tax guides published by Deloitte and Price Waterhouse Coopers for easily 50 or 60 countries to winnow it down to a handful of countries I would even think about becoming tax resident in and amongst those you still have to decide what the tradeoffs are and if the tradeoffs are worthwhile. I mean the Bahamas, Turks & Caicos, Cayman Islands, and the UAE all have great tax rates at 0% for the most part, but a) do you have the capital to move to them, b) do you want to live full time on a island or in the desert, c) if you can afford one and want to live there can it help you get citizenship in a reasonable period of time if you want or need an alternative passport? Then you look at a place like Argentina, the tax rate is terrible, it is difficult to exit it's tax net. It has a wealth tax too, but you can get citizenship there in a handful of years potentially and it is relatively inexpensive with a world class city in Buenos Aires and a multitude of climates in the country. You look at a place like Belize, and it has a mediocre passport for the most part, a tax system that can be very favorable to you, but you wouldn't want to bank there and the Cayes seem relatively safe with the Caribbean beach lifestyle as does Placencia. It takes a fairly long time to get the passport at over 6 years, but it is a relatively easy place to immigrate to, and so are some other places. You can move to Thailand or the Philippines relatively easily, but you are unlikely to ever get citizenship in either country and if you do, they are not great passports and dual citizenship is a no go for naturalized Filipinos. If you structure your affairs correctly you are unlikely to be liable for tax in either country even if you are there almost all year. It's not impossible to become tax resident in either country, but taxes can be avoided even as a resident with proper structuring. Mexico has a great passport, it's relatively easy to move there if you have some location independent income, you can naturalize in about 6 years or so, but taxes are extremely high in Mexico and even with a double tax treaty with the US it has a lot of tax risk for a US citizen who becomes resident there and leaving can be hard with its own exit taxes. Portugal has the NHR which can be beneficial for taxes, but you have to structure your affairs very precisely to benefit from it and you may have exit taxes to pay when you leave on capital gains. It has a fantastic passport which you can get in six or so years of living there, but you have to structure things just right not to get hit with high tax bills if you become tax resident there. If you can afford the golden visa investment you can be resident for the purpose of pursing the citizenship and may not become tax resident, but I think that to obtain the citizenship will involve spending more time there than the minimum to maintain the golden visa, but maybe less than the 183 days in 12 months to become tax resident, but you still might be found to have Portugal as your center of interest, and if that happened on the second year you were there, no NHR for you and really high Portuguese taxes. All of this is to say the risk reward ratio. Has to be examined for anywhere you are considering and you need to know what does and does not make you tax resident. You also need to know the incentive options available to immigrants if any. You need to figure out it you want to pursue s citizenship by naturalization and residency anywhere or save up and obtain a citizenship by investment. I mean Dubai is an expensive place to live, but it offers a pretty great tax benefit if you can afford to become tax resident there and can structure a company properly. If you structure trips to other places during the hottest parts of it's year, you can avoid the heat and maintain a tax residency there and with the tax savings maybe buy a CBI. Figuring out what place interest you, what the tax rules for each place are and how to avoid residency where you don't want to be resident, or become resident in a favorable jurisdiction if you want that is about doing the research. PWC and Deloitte have good resources online to start researching the taxes. Wikipedia does a good job of telling you what countries have what visa free access where to help you figure out where it might be a good place to get a second passport. The next step after that is a lot more google searching and talking with local lawyers and accountants in the countries you are interested in. This is not a one size fits anyone process.
Do you like to live in your country?
No
Yes and I don't hate my country at all. I do feel I belong in Europe. It's just opportunity is there for me in Europe
No, not in new Zealand
It's changing so fast. 2 years ago I would have said no.
No. I left Russia because of the war and never plan to return
28, not rich.
I escaped canada. Now in mexico.
No plans of going back to canada.
Lucky you.
@@jorgemoll5994 Not lucky.
Spent months finding an online job in sales.
Didnt know anyone in mexico. Took an Airbnb for 26 days while trying to figure out what to do and how to speak spanish and where to go.
Luck is when opportunity meets preparation.
@@TiPitSgtBuddy Well done.
2 Canadians that fled Chinada for Mexico Oct 14th 2021 best decision ever. Not saying its perfect nor are we saying its not gonna come here but for now its way better and we are free and free to move if needed Its booming here, Ill add this to my playlist for my subs to find as well (o: Cheers from 2 Canadians living in Mexico Yucatan Peninsula J&D
Chinadia 🤣🤣
@@FatherFH where's the lie?
@@davidweikle9921 no I am appreciating thier creativity. We are worse than china since we still believe in freedom when every little thing has a law.
I want to relocate to Quintana Roo as well but my wife does not want to. She feels it's to unsafe there yet ignores the ongoing violence in the GTA.
@@billspencer8540 the Yucatan is safer n less touristy n cheaper to be honest here it's safer than any big city in USA or Chinada
As a russian citizen, I had money for citizenship last year during market peak. I didn't buy carribean passport because times were good. Now war started, Russians got sanctioned into oblivion, carribean programs closed, Turkey hiked prices, market is down. I'm screwed. Get passport when times are good! Because it might be too late, too quickly (like in my case).
That´s one thing I don´t understand, why citizens get punished for their countries do.
Thank you Russia for fighting Nazism again. I mean it
@@Al-yu6bq I'm surprised as well. I learned hard lesson - never count on rationality of state actors. Expect most ridiculous and inefficient sanctions just for the sake of domestic populism. That's why you need plan B!
@@libertarianspirit I know many Americans who don't support the various sanctions that are affecting ordinary Russians. Good luck to you.
Great advice. Get important things done when everything is going good. It is very hard to get important, life saving task done when the shit-hits-the-fan.
I thought the best option as an American was to get a Plan B, renounce take the money I no longer pay in taxes to pick up another CBI and further build out my financial options based on my new freedom.
I didn't use Andrews service but the man is a great source of information and motivation.
Andrew, why would somebody want to go to Germany or any European country at this point in history? Arent you paying attention to what's really going on over there right now? Those annual indexes you are looking at are 1: backwards looking, and 2: missing important metrics on changing social, economic and political trends relating to the Great Reset. Why would I care how a country was last year based on bland metrics when we now look at the news today and see such alarming developments like energy shortages, food shortages, devolving weather patterns, faltering currencies, hyper inflation, rising left wing authoritarianism as well as a potential hot war with Russia? Germany's and many other European countries' politics are all balls deep in the Great Reset propaganda and the last place anyone should move to today or the next 10-20 years. I have Teutonic heritage and I wouldn't consider anywhere in Germany or Europe ever.
Where would you set up a second base?
@@krugmeup2162 Probably Mexico or Canada, Uruguay is decent as I hear from Doug Casey.
@@ebensteven8138 Paraguay too, definitely NOT Canada!!
@@shoshi06 canada is not bad if you know where to go... lots of water, electricity, resources and food!
@@ebensteven8138 which province other than Ontario?
Especially get passports for your kids.
To be honest there is very less freedom in Germany (I am from Asia and have lived there for a year).
It's not really fully free anywhere anymore
The same people are running the world
These leaders are all puppets for the elite
@@torontovoice1 no surprise really same shit world wide
It s going to be a lot worse. Get out of Dodge while you still can
@ 2:50 "Listen, Larry King interviewed serial killers, doesn't mean Larry King is a serial killer, I'm just sharing the article." LMAO, too true, Andrew.
You should do an entire video in the voice at2:48.
Profoundly wise advice.
Andrew ,that was like a sermon...Bravo
Hahaha. Andrews impersonations are fantastic. Use that voice more often
Good video and thank you for reading out that letter
Andrew are you a globalist? What is your opinion on nationalism?
Globalism is good. If we can operate on equal terms. Nationalism is for 🐑.
If people who have money left the USA 🇺🇸 and only poorer people were left here what would happen to this country???
Cubanization
@@Al-yu6bq 👍
@@Al-yu6bq probably so. I am a 75 year old PATRIOT who will not be bent into the beliefs of SOCIALISM....
The sea saw would tip over in the wrong direction -
We may find out soon.
An authoritarian regime? Canada? The US? Australia?...
I as well an Egyptian and an American citizen, I have homes in both countries, should I try to get a 3rd citizenship?
andrew what is your opinion about citizenship by investment thru sanglo crypto coin in central africa? hope you make a video about this. though their passport can only travel visa free on 49 countries.
why are they calling you a scammer !
India don't allow dual
So long as we vigorously defend democracy nothing else really matters it seems to me.
Democracy lol like 81 million votes
Be honest pay your taxes. Show a little gratitude that you have whatever you have.
If the US is authoritarian, we're all screwed.
Libertarianism is an eccentricity.
😂 Lol
Fuck taxes. I don't want to pay for Ukraine.
Two of the best things I did in life was to leave NYC in 1991 and leaving the US in 2014
If you continue living there, they'll break your ass through taxes, you will not be able to do what you must do there; shout out to you the decision you made
why are they calling you a scammer !
I seen" Authoritarian Regime" and immediately thought of canada.
Exactly 💯
USA too. Soft fascism getting harder and harder. The republic is long gone. The corporation machine rules now.
same here. Bunch of America haters.
@@jakearsenta2144 ?
@@joeschleprock3409 I’ve never seen so many people look down on America before. Like Canadians.
The Canadian passport is a cheap and easy passport to get, I don't understand it ranks so high. Majority of all new residences come from South east Asia. Canada has no doubt seen its best days. The healthcare system is collapsing in Canada also due to a shortage of doctors and other healthcare workers.
If I could afford dual citizenship to the Caribbean I would have gotten one by now. Not the US, not the EU as they are both the same…corrupt.
I think you’re misusing the word corrupt and meant to say “cheaper” and “less taxes”.
I have a dual citizenship. Just got my Mexican passport
may i ask your other?, I'm Canadian and contemplating the same
This information is timely. I believe, people are afraid of the truth and change. Only a few will seek out, a different path.
The article and you both make good points. My grandparents were also forced into fleeing their home country. I'm glad to say that I was able to go get my second citizenship there. We should all explore our options...
-Sarah
Who would have thought that the US government would be considered a tyrant nation, but they are. I'm mixed if Mexico is better, confused about it. But I am scared of where the US govt is going. The reality is so different than the " Dream ' ( ie fantasy). I don't know somewhere else is any safer either.
Europe is a no go. Nice thing about the lower 48 USSA? You can escape to Mexico n central America.
Although I'm not ethnically European, I think it's a unique option vs Mexico and Central America.
It's like having 8 buffet options vs over 25 buffet options. I enjoy more options.
I mean if you are minding your own business in a country you are not a citizen of and you are present in that country as the holder of a passport from a country that generally minds it's own business ie a second passport you obtained by descent, residency, or investment for most Americans, and you are there as a tourist, even if there is a serious geopolitical event that shakes the country, your ability to leave is unlikely to be taken away and the odds of you specifically being targeted are minimal if you are paying attention to what the local sentiment towards foreigners is and you don't overstay your welcome anywhere whether legally or in the case of sentiments being negative towards foreigners and you failing to leave early from the party.
There is a lot to be said for having a few citizenships, and multiple residencies in terms of your ability to avoid outside forces from impacting your day to day life.
16:30 that really depends on which port you're entering through and the official. I renewed my visitors card last week, got 180 days, very few questions. That being said, I greeted the official and identified myself in Spanish.
Great job Andrew!...I've started sharing some of your videos with friends. This will be another that I will. THANK YOU! And to your team!
Happy to hear that.
Thank you
"Patriotism Is the Virtue of the Vicious." Oscar Wilde. Patriotism and nationalism are used for emotional manipulation. ...No bueno.
This is one of the most persuasive episodes you’ve done, Andrew! Thanks - very powerful and eye opening.
Hit the thumbs-up, share far and wide! This is a great sight for info that you can explore now! People make their own hope!?
Authoritarianism is going rampant because governments are fearful. They know more and more of us are waking up and there will come a time (not too far from now) that the masses will not take the violations anymore and power will then effectively return to the people, where it belongs. There is nowhere to run away from. Stay in your country and fight for it. Even though I'm a double citizen (Colombian and Dutch because my family and I fled from the civil war in Colombia over 20 years ago), I will not be running away anytime soon.
Exactly! How is situation with farmers in NL now?
I need to bookmark this!!
Thank you! Thank you! Thank you!!
This is exactly what I needed to hear
This is one of your best videos, Andrew. Sobering.
why are they calling you a scammer !
Great video. Thanks for the political stance transparency
Andrew... PLEASE address the very loud "Dunn Dunn" intro jingle that comes in after your intro lol that sounds silly, but really... It's ear piercing for people who use ear buds.
If you have Indian descent then you can apply for a Overseas Citizen of India Card (OCI). You can do everything an Indian citizen can do apart form purchasing agricultural land. Tons of real estate and business opportunities and a growing economy. Yes, highly underdeveloped and a right wing government, but you can live freely and it’s still cheaper
She wants to leave the US because the authoritarian federal government hasn't fully filled out its moustache yet. I like how the theme is always the same -- vote for complete wreckage, then bail when the results come home to roost.
I do encourage her to move to Germany. I think she'll feel right at home (if a bit chilly) with Germany's commitment to green energy. Pack an extra sweater or two.
I want to do this (citizenship). It just seems so expensive and we aren’t wealthy at all…. I’m also not sure where to go.
Since the writer of the article is talking about Germany I am curious aside from those who were deprived of their citizenship there by the nazis, if they offer citizenship to descendants of those who fled the 1848 revolution in Germany that brought the country together as a whole but also spread out a lot of diaspora throughout the world in the process.
Also a curiosity exercise or question if you will for you Andrew, perhaps you don't have any emotional attachment left to the United states, but assuming there is any emotional strings pulling you back in this direction what circumstances would it take to consider regaining us citizenship? End of citizenship-based Taxation or a shift of more government power back to the individual states? Just had my honest curiosity.
Looking at my options going forward beyond the us but for my purposes so far still benefits more staying here for my purposes at least versus leaving completely...
I think your work is absolutely fantastic .. do you offer internships or anything of that nature
I noticed in your RUclips channel's "About" tab that you're located in Hong Kong. What do you like best about Hong Kong? Is it a good place to escape authoritarianism?😉
The tab is out of date. As I recall, the company is based in Dubai now.
@@MrBCWalker01 Ah, yes, Dubai - a freely elected democracy where women have free access to abortion, and are treated the same as men. It's a haven for the LGBTQIA community. I can see why people would want to flee Canada, the U.K. or the U.S. for such a paradise. We have such miserable existences in our oppressive countries.
Direct your complaints about Andrew's business to him. I don't work for him. I am not his client either. I merely answered your question; your outrage is misplaced.
@@MrBCWalker01 exactly. Some people attack today for no reason.
I believe Mainland China is better than HK, lesser authoritarianism in China unlike South Korea and Japan.
Hear hear on the "Wealth Protection" patriotism rant.
so u just keep on moving from hotels motels etc just to save on taxes, what about you family
He owns properties in the various countries that he has ties to
@@henrysturgeon4278 I tried his strategies , you just become a big honey pot target for swindlers, thieves, and con artists. It is not as easy as he purports it to be.
@Nomad Capitalist team
Can a US citizen gain other passports by dividing up their PM assets between their 3 bases? Living below means, maybe on a hook, maybe in a marina, maybe a cabana but seasonal or quarterly..
Will the tax liability for having 3 or 4 home bases out way the benefits of being a Nomad visiting bouncing around?
Whether or not you are tax resident somewhere outside the US really depends on the rules of each locality. I mean Spain is going to do everything to say you are resident there. Thailand may not consider you a tax resident even if you have lived there two years on say the Thai elite visa. You have to examine the tax residency rules of each locality and structure your lifestyle, business and assets to ensure you aren't tax resident in multiple places, preferably for Americans structured in a way where you aren't tax resident anywhere else, or if you are tax resident somewhere else, it is in a country with a double tax treaty with the US that allows you to structure your affairs to avoid US taxes, and minimize the local taxes too. The US has a lot of DTAs and several Social Security Totalization Agreements that can prove helpful. The country where you decide to become tax resident in such a scenario would be one that it would be most beneficial to have its own Double Tax Agreements with the other countries you intend to spend time in, especially ones that make it clear qualifying for residency in your first choice excludes you from residency in the other place or places.
I mean the general rule would be a short term rental in a place like an AirBNB for 3 months is less likely to make you tax resident than a year long lease you only live at for 3 months, while a place you own and live at for 1 month a year is more likely to make you tax resident than the rental, or at least maintain a tax residency.
There are a lot of broad strokes that vary by country and general rules always have exceptions. I means for Americans the other thing to think about is are you still tax domiciled in the state you lived in before you left. You may be unless you properly severe ties and establish a nona fide residency somewhere else. In some instances it may even make sense to move to an income tax free state particularly one like South Dakota that allows you to obtain a driver's license with a one night hotel stay as proof of residency and a mail forwarder before leaving to severe ties with a state that will continue to tax you like New York or California. You may also need to get rid of storage units, and property ties like a vehicle titled in those states because they want to keep taking a pound of flesh as long as they can.
Exiting the US correctly is phase one. Using the foreign earned income exclusion and foreign housing exemption and foreign tax credits is step 2 of dealing with exiting the US. Not becoming tax resident in the wrong jurisdiction is step 3, becoming tax resident in the right jurisdiction if you must is step 4.
I've looked at the broad stroke tax guides published by Deloitte and Price Waterhouse Coopers for easily 50 or 60 countries to winnow it down to a handful of countries I would even think about becoming tax resident in and amongst those you still have to decide what the tradeoffs are and if the tradeoffs are worthwhile.
I mean the Bahamas, Turks & Caicos, Cayman Islands, and the UAE all have great tax rates at 0% for the most part, but a) do you have the capital to move to them, b) do you want to live full time on a island or in the desert, c) if you can afford one and want to live there can it help you get citizenship in a reasonable period of time if you want or need an alternative passport?
Then you look at a place like Argentina, the tax rate is terrible, it is difficult to exit it's tax net. It has a wealth tax too, but you can get citizenship there in a handful of years potentially and it is relatively inexpensive with a world class city in Buenos Aires and a multitude of climates in the country.
You look at a place like Belize, and it has a mediocre passport for the most part, a tax system that can be very favorable to you, but you wouldn't want to bank there and the Cayes seem relatively safe with the Caribbean beach lifestyle as does Placencia. It takes a fairly long time to get the passport at over 6 years, but it is a relatively easy place to immigrate to, and so are some other places.
You can move to Thailand or the Philippines relatively easily, but you are unlikely to ever get citizenship in either country and if you do, they are not great passports and dual citizenship is a no go for naturalized Filipinos. If you structure your affairs correctly you are unlikely to be liable for tax in either country even if you are there almost all year. It's not impossible to become tax resident in either country, but taxes can be avoided even as a resident with proper structuring.
Mexico has a great passport, it's relatively easy to move there if you have some location independent income, you can naturalize in about 6 years or so, but taxes are extremely high in Mexico and even with a double tax treaty with the US it has a lot of tax risk for a US citizen who becomes resident there and leaving can be hard with its own exit taxes.
Portugal has the NHR which can be beneficial for taxes, but you have to structure your affairs very precisely to benefit from it and you may have exit taxes to pay when you leave on capital gains. It has a fantastic passport which you can get in six or so years of living there, but you have to structure things just right not to get hit with high tax bills if you become tax resident there. If you can afford the golden visa investment you can be resident for the purpose of pursing the citizenship and may not become tax resident, but I think that to obtain the citizenship will involve spending more time there than the minimum to maintain the golden visa, but maybe less than the 183 days in 12 months to become tax resident, but you still might be found to have Portugal as your center of interest, and if that happened on the second year you were there, no NHR for you and really high Portuguese taxes.
All of this is to say the risk reward ratio. Has to be examined for anywhere you are considering and you need to know what does and does not make you tax resident. You also need to know the incentive options available to immigrants if any. You need to figure out it you want to pursue s citizenship by naturalization and residency anywhere or save up and obtain a citizenship by investment.
I mean Dubai is an expensive place to live, but it offers a pretty great tax benefit if you can afford to become tax resident there and can structure a company properly. If you structure trips to other places during the hottest parts of it's year, you can avoid the heat and maintain a tax residency there and with the tax savings maybe buy a CBI.
Figuring out what place interest you, what the tax rules for each place are and how to avoid residency where you don't want to be resident, or become resident in a favorable jurisdiction if you want that is about doing the research. PWC and Deloitte have good resources online to start researching the taxes. Wikipedia does a good job of telling you what countries have what visa free access where to help you figure out where it might be a good place to get a second passport. The next step after that is a lot more google searching and talking with local lawyers and accountants in the countries you are interested in.
This is not a one size fits anyone process.
@@jeremyleonbarlow Thank you
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