The Hidden Gems of High-Class, Low-Tax Living
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- Опубликовано: 18 июн 2024
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Here at Nomad Capitalist, we often talk about my five magic words: “go where you’re treated best.” You can take your life, your money, your investments, your business, and even your citizenship to the places where they will receive the best treatment.
Everyone can go where they’re treated best, but the application of this creed changes from person to person.
If you are a high-net-worth individual or even an ultra-high-net-worth individual, your needs are likely very different from those of an entrepreneur who is making an income but doesn’t have as much capital to invest.
When it comes to finding a place to settle down or set up a base, going where you’re treated best certainly involves varying personal preferences, but one preference we should all have in common is finding a tax-friendly or even tax-free place that we can call home.
In this video, Andrew shares the hidden gems of high-class and low-tax living.
00:00 Start
0:20 Comment from Viewer
1:57 The Best Places to Live in
2:56 Living in Switzerland
5:14 Moving to New Zealand
7:51 How Foreign Income Tax Works
11:15 Investing in Europe
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
From my experience I came to realize that you really need three residences. One of them being the place where you personally want to live, where you fit in with the culture, mentality, the environment, weather, etc. Now that may not be the best place to do business and banking. That's why you need an additional "residence" for your business (which in turn may not be in a place you personally want to live in). Last, but not least, none of the two places above may be the best for your international banking, so you may need a third "residence" for your bank account (or several for that matter".
US Healthcare has nose-dived in the past decade; nowhere near the best in any aspect. Food? Puh-lease... Culture? We're in a culture war. The 'West' overall is nowhere near what it was for a VERY long time
Funny, talking about the medical systems around the world, Canada is always touted as having such amazing, "free" healthcare. My mom just got a letter today, regarding her scheduled CT brain scan and it is scheduled for, wait for it, seriously, wait for it, March 16, 2023! You get what you pay for!
To be fair, you can choose to have private health insurance and receive much more personalized (and more prompt) health care.
@@modfus I totally get that, but it flies in the face of all the folks that claim our health care is so much better than the US or other countries, when we have to resort to private measures to achieve the same thing they get when they do it.
@@robthewaywardwoodworker9956 Yes but the whole point is there is at least care for those that can’t afford private insurance. In th U.S. if you can’t afford good insurance yes you’ll get care, but you’ll go bankrupt if you have a health emergency. I’m a U.S. citizen that lives overseas. I’m very familiar with the U.S. healthcare system. It’s a ridiculously broken system. The country I live in has public health care like Canada and a private system. It works far better. Do people with strictly public care sit longer for certain things? Yes. But they don’t go bankrupt paying for care.
@@modfus Actually you can't really. All MRI's are owned by the provinces. What most people do, myself included is just cross the border and get it done the next day. We use the Buffalo MRI clinic for all of our scans.
Agreed on Canadian health system. Planning on getting my mother's surgery privately done since waiting for Canadian Health system is not an option. When discussing Canadian vs American health system, lots patriotism and pride comes into the play so very difficult to do a factual discussion.
Finally! You are the first person i heard who is talking about enjoying living a few months in several different countries throughout the year. I've been triangulating between 3 countries for a long time enjoying friends and home life. I love it.
Which 3 countries?
Please elaborate. Would like to hear your story !
A question that seems to come up often in these comments is where can I move where I will be treated well? Perhaps the questions should be where can I move and fit in with the culture? It's in the news this week that American expats, and particularly Californians, have caused such a problem in the major cities in Portugal (housing costs have quadrupled) that the Portuguese have been rioting. Wealthy Russian expats moving (and trying to move their bank accounts) into (former Soviet) Georgia are raising tensions there. Refugees moving into Sweden have caused so many problems and public unrest that the Swedish government has declared integration a "failure." I moved from Washington, DC, two years ago and bought property in a small town in Wyoming, in part because of the low taxes in this state. But the main reason I settled here was because I fell in love with the people in my little town. As such, I've made it a point to (1) fit in with the politics and culture that was here (2) NOT socialize only with other recent arrivals like myself, and (3) understand that my presence can impact the economy of this place in both positive and negative ways. For those preparing to move into a foreign culture I would think those considerations would be even more important, especially if their language is not yours. Stop looking solely at what's in it for you and you'll make a better adjustment.
"particularly Californians, have caused such a problem in the major cities in Portugal "
Can you elaborate more on Californians causing problems? What kind of problems and why particularly them?
@@AKSmith15 The article didn't say beyond noting how the uber rich are driving up the cost of housing in urban Portugal, but I suspect it's "particularly Californians" because more rich Californians are bailing out of that state. But the other thing, as I alluded to above, is that - rich or poor - expats tend to create their own little enclaves. I see it happen here in my town about an hour out of Jackson (where the word is that the billionaires are driving out the millionaires). People arrive with a sense of entitlement based on their status from wherever they came from (usually exalted job titles and advanced college degrees). They build ridiculously large and expensive houses and virtue-signal about environmentalism, even if what they support puts people out of work. But in this little town (less than 1000 people within the town limits and maybe another 2000 in the surrounding hills) those status things don't matter. Here it's the person who can build things, fix things, or start a business who is king. Considering that some of the problems in Europe also stem from a failure to integrate Third Word refugees, maybe it's just that the desperately poor and the desperately rich don't mix well with average everyday working stiffs trying to feed their kids and put a roof over their heads. If you move abroad, respect those people and try to fit in.
That is not true.
There are a lot of Californians , Canadians and northern Europeans moving to Portugal but they buy or rent in the upper market that most Portuguese can not afford.
Rents for the Portuguese are going up because the country is receiving a lot of working immigrants , mainly from Brazil , that rent a 2 bedroom flat that used to cost €500 for 1000 because it is shared by 3 families.
The leftists and the media keep blaming those who buy or rent expensive houses because the immigrants tend to vote for the left and they want more and more of them but the truth is that Californians are buying and renting houses that most of the Portuguese could not afford with or without Californians and working immigrants.
Californians and Americans in general are not even in the top nationalities moving to Portugal.
In the last 5 years 5,092 Chinese , 1,084 Brazilians , 501 Turkish , 449 South Africans and 431 Russians applied for the Portuguese Golden Visa and the Portuguese nationality was given to 600 000 working immigrants to allow them to vote but for the media it is the 7557 that bought expensive houses that most Portuguese can not afford that are increasing house prices and not the 600 000 new voters.
600 000 new voters and 700 000 waiting to get the Portuguese nationality to become voters did not and do not increase the house prices , it was the 20 000 USA citizens !
@@terra7066 Well that doesn't explain similar increases in rents in Wyoming, which added only 1500 or so people according to the last census, but has seen housing costs going up in urban areas and areas near Jackson.
@@wyominghome4857
150 000 to 200 000 Germans are leaving Germany every year but house prices are still going up because Germany is getting much more than 200 000 immigrants and refugees per year.
The cheap land and houses are in the countries where the immigrants are coming from and that's what the Germans are doing , they are moving to south America.
Californians are leaving but house prices are still going up because the number of new arrivals largely surpasses the departures.
Is California really loosing population ?
It is not , old voters are leaving and new voters are replacing them and in an higher number , that is what the left is doing , replacing voters.
In places like that in Wyoming prices are going up because investors know that somewhere the new voters will have to live , that sooner or later they will arrive and are investing.
Population may have not grown much but land house sales did.
Very nice video thanks for sharing with us all this info Andrew 🙌🏻💯
Your videos are the best part of my day, every day!
Glad to hear that. We invite you to The World's #1 Offshore conference. Please check the details here: nomadcapitalist.com/live/
It's amazing how quickly and brilliantly your mind works. So enjoy your videos and LOVE the green vase in these last few videos!
Glad to hear that.
Excellent video.
Everybody should go to where they are treated best.
Yeah great idea the trifecta to mix it up. So many cultures and geographies to put on the table.
Fully agree. We are +1 on Portugal :)
I love this channel and job.
Hey, that's my comment! Where are my royalties? Haha! In all seriousness, he dealt with it pretty well. I'll update to respond in detail later.
Andrew we’ve passed the 500k mark! Congrats
Thank you Andrew
Hello Andrew. Why don't you make a video with the best countries for old people to spend their last years. Quiet, safe places with friendly people, good health care and a bit of nature, and of course low taxes. It is a package a bit different from the one the typical 60 year old retiree is looking for.
Yes. Excellent suggestion! Please Andrew.❤
It's not only about how much you pay in taxes but also about how much work one has to save taxes, how many traps there are to fall into and how much work it causes in general to file your taxes. Further, if you calculate minimum life costs for example in switzerland, mandatory health insurance, food and real estate etc, one should be at least high 7, better 8 figures millionaire so that it's worth it. Last but not least, the colder and more rainy climate asks for second domiciles in warmer places while directly living in such a please leaves the options where to spend time while not at home more open.
After all, someone without income is very well off in Madrid and newly Andalucia (waivered wealth tax) or even Germany as well, while Spain and Germany are way better value for money than Switzerland.
How I know is easy, I'm Swiss, living in Madrid with a house in Andalucia and before that have livied all over the world over 40 years.
This is, IMHO, the most solid argument and pitch for the nomad capitalist lifestyle in any of Andrew Henderson’s videos. I really regret not applying for a position at nomad capitalist in the early days.
indeed, this video is the pinnacle and approached my skepticism with a great layout. This man is doing the lords work.
Beautiful Malaysia,fantastic Malaysia!
One thing that would be interesting is advice on best practice in setting up startup structure, where you don't make millions yet, but the potential upside can be huge.
Hey let’s talk about Andorra tell me your complete opinion on Andorra 🇦🇩!
You inspire me
I WILL MOVE TO TAJIKISTAN 🇹🇯
NO TAXES AND JUST NATURE
@@vladimirkazakov3033 NO
@@vladimirkazakov3033 YES I AM
I WORSHIP PUTIN😁😁😁😁😁
@@vladimirkazakov3033 YES I AM
🇷🇺🇷🇺🇷🇺🇷🇺🇷🇺😁😁😁😁😁
@@vladimirkazakov3033 BECAUSE I WORSHIP YOUR MOM😁🤘
@@vladimirkazakov3033 Because he want Tadjikistan. BTW I have a female friend, digital nomal, who lives to stay in Tadjikistan.
Again an excellent informative video Andrew 👌🍻
Glad you enjoyed it.
Great Job 👍
Thanks! 👍
Thank you
11:48 - 'Fronkfurt'? Even Germans don't say it like you did.
Awesome content as always Andrew!
Many rich people, like Joan Sutherland, live in Switzerland. Rents high in Sg.
Could you create a video on the topic of how to access the global investment markets from different countries if you are an e-commerce entrepreneur already settle in a low-tax domicile - let's say before for a US/Western europe customer it was easy to open up an investment account with Robinhood or equivalent, but how does it work when you go to Dubai / malaysia / Georgia. Not speaking about real estate or venture capital but the more standard Stocks / Reits etc. In bulgaria for example such public investment options are abysmally bad, one would be better off to spend 1 month doing the KYC for a western european bank and exchange to trade/ invest in index funds. That's all with the background that an investment portfolio will have a large passive simple base such as a global public index fund.
Andrew, I'd like to work with your team as a representative of Nomad Capitalist in Indonesia. I'm currently located in Surabaya and it's not far from Jakarta and Bali as well. There is a lot to explore here in terms of real estate and agriculture. Is this possible?
Puerto Rico, American Virgin Islands, Guam…not bad places with descent tax structures.
If u cannot have a business of your own successfully within running it in a already developed country then you weren’t be successful with running your business at all the second thing is the 2 main things that equals wealth which is what actually defines wealth which is the FO=Freedom+ownership=wealth
what about places that are best if you are retired in the US?
Hi, Andrew, I love you show. How’s the property taxes in Italy. And when buy a house in Italy can you live in your home or only 90 days. The reason I’m have 2 passport. Brazilian and American. I’m retired and I want to live in Europe. I appreciate you help.
Hello Andrew, can you please provide your thoughts on Batumi Georgia, on its advantages and disadvantages compared to Armenia or other countries. Thank you
Batumi is more touristy (nightlife, exapts, varied food) and more expensive than Yerevan. Arguably more overrated too.
Yerevan is a hidden interesting gem. The taxes are slightly higher, but the tech scene is more ambitious.
Real estate is easier to buy in Yerevan and there are more interesting deals. The banking in Georgia is far better though, especially for nomad capitalists.
Armenia also has the advantage of being linked to both the Russian and the banking system. If you want to have business in the "forbidden" markets of Russia, and Iran, you can't find a better base than Yerevan.
Most older people make a big deal with health care providers and or access to it. The problem is they are not healthy people. If your healthy it would not be such a high priority. If it is find an apartment next to a hospital.
right because when get older your health gets better
High vibed for the nomer "captialism" but I usually feel really good after watching any of your videos. The world isn't gonna change overnight , at best 500 years if global warming doesn't get us all. Go where you are treated right. :) Thank you.
Global “Warming” ain’t happening. Satellites cannot detect it in the Southern Hemisphere - ergo, it ain’t global. Just glo-bull (as in bovi excrement)!
You're so stupid if you believe in that global warming myth.
Most top and talented kiwis are actually not live in NZ, they live overseas in AU, UK and US and CA. That’s the reality. The leftover quite envy overseas kiwi. Also, the financial channels and system are too closed and too conservative in NZ. There’s need a big change management in financial system in NZ. AU has done a very good approach in financial systems updates and professional people support. So sydney is a much overall nicer place to live
The things I don't like about it are the matesmanship (which means people are appointed to all the senior positions based on who they know, not what they know, so the place is run by incompetent and mediocre people). The left wing politics (all the political parties are left of centre). The tall poppy syndrome (they generally don't like people with exceptional talent or ability, and try to cut them down to size). If you have exceptional skills or talent (other than in the sporting arena) it's very difficult to get ahead there, which is why all their best people leave. There's a lot of hidden corruption (particularly in real estate, where most of the newer build houses are basically made of cardboard, and fall down after a few years). Also a surprisingly high level of violent crime, which doesn't get talked about much, because it's nearly all committed by Maoris and Islanders.
Hi Andrew, I've followed for a long time and subscribe to your thinking as I've already moved countries once - go where you're treated best. It is great that you are addressing comments in your videos but please accept this feedback - you will win a lot more customers if you address their comments with respect and think how did they come up with that thinking and address those concerns objectively. I often get the impression that you are dismissive or think of "stupid" the people who have not yet realised this opportunity.
I think the big issue with moving overseas is lifestyle change. Now you lose a few consumer conveniences and life is lived differently but in general you can get used to those things and the different ways in which people live in other parts of the world. I have been traveling for awhile now, not as extensively as many but I have been to a fair amount of places. My biggest gripe is this. Americans are foodies. I might want mexican one day, then sushi the next, then thai the day after that, then ethopian, then greek, then french, then maybe some bbq, then some southern, then the next day I am feeling korean bbq, etc... In the US major cities, even some of the less known ones, you will have fantastic options for all of this. This is not the case in even most of the rest of the developed world. Now there are exceptions. London, Berlin, Seoul, Mexico City, Tokyo, KL all have fantastic options for everything I mentioned, though I could not find good mexican outside the US or Mexico with the exception of Tokyo. For instance if you move to Athens they have great Greek and Middle Eastern food and that is it. If you go to Thailand they have great Thai and Asian food and that's it. If you move to Belgrade they have good Balkan food and that is it. If you move to South America they have good local cuisine and that's it. This is a huge deal breaker for me and I think a lot of Americans who want the world of food available at all times. So for me I have to move to one of those major cities because giving up the world of food is a non starter for me.
Couldn't agree more with this.
I guess for his target audience, the solution would be to just hire a chef. Or multiple chefs.
São Paulo, Brazil, is great for international food as well. Just not the first residence choice for many.
Dubai
I have lived in Portugal for the last 5 years...Orginally from Texas...All the foods you have mentioned...I get here...easily and with great quality...from BBQ to Tex-Mex...Boa Sorte...🇵🇹🤟✌🤙🤘
Good luck with Frankfurt 👌😆🤠🤠
Could you create a video comparing the differences and similiarities of a visa, permanent residence, and citizenship?
My interpretation that the comments on the Billionaires paying 3-4% are just political. I suspect the calculation they use for that are starting with their net worth and determining their percentage from there... not specifically on taxable income. Beyond several other silly things.
Someone contacted me to say I was eligible for a fast track permanent residency for Australia....I don't need two worthless PR's: Hong Kong is more than enough. At least my tax is low
Andrew, which countries in the world are not part of WEF?
Look at the countries applying sanctions on Russia. Those are the WEF countries.
What Abt Armenia, travel for summer there and I am able to buy property
How is it possible to live in i.e. malta and make business in germany without a huge tax disadvantage
Vacation overseas if you like but it is very easy to start businesses in the U.S. Not true in Europe.
Once more. If your income (clients based) in Europe, this doesn’t work. You will pay the same or sometimes even more.
@0:30
S Walker doesn't know anyone that has paid a 50% tax bill in the US outside of New York and California.
Ok, S. Walker, so you don't know anyone that pays it so it must not exist, right?
If you are self=employed, S Walker, you pay both sides of SS and Medicare, so 15.3% right there. Maybe you are in Oregon but even in that lower tax state you hit the highest tax bracket with a pretty low income for each. If you are a high earner you pretty much are paying up to 9.9%.
State income taxes and fica / medicare for Oregon at $250K income would be taking $36,300 from you, or 14.5% of your blood, sweat and tears. Throw in federal income tax and in Oregon you are now up another $57,650 for a total of nearly 38% of your blood, sweat, and tears taken from you before you even get to benefit from it and spend some on yourself. If you are self employed that jumps to nearly 43%. I guess hope that you are not self-employed, right? Oh, of course, don't forget that if you are self employ about the taxes that your business is also going to be paying outside of matching your payroll tax. Throw on property taxes, sales taxes (most states), city taxes (some cities), county level sales taxes (some counties in some states add on to state sales taxes) and even at a modest $250,000 income someone could be on top of 50% in basic taxes or 43% if you just want to split hairs and only count income taxes.
But I guess if you work for someone else you would only be paying almost 38% in Oregon. So much better, right?
Don't have an AGI over $250,000 or you will be hit with another 3.8% high earner surtax on any and all investment income that you receive.
I am an aspiring 7 or 8 figure entrepreneur. When I find a great guy who makes 7 or 8 figures, who loves me for who I am, and I love him, I will have arrived into “the group”.
Living below your means/pay up front/ limited income with tax deferred investments would facilitate low tax in many places?!
And you still get to be around your lifelong friends and family
Colombia is now taxing Veteran Administration disability and pension payments. It's starting to push more veterans out. I'm considering leaving now.
Είσαι απίθανος 👍
Там хорошо, где нас нет! 😁
Could you live in an RV, on the road, traveling through countries, say in Europe, seasonally?
How do you pay tax in this scenario?
If you're American, you can get 3 month tourist visas in most countries. You do have further restrictions, however, in Europe. You'd still have to file a tax return, but you can get over 6 figures tax free if you live outside the USA most of the year.
You are still tax resident some where. So.... get a 0% tax residency, do what you need to do to keep it that way. Then do nothing that would change it.
How many 0 tax residencies are there for home birthed countries?
This is a bit late ff topic, but you mentioned your houses. I know squatters is a big problem in Spain, how, do other countries seal with this issue?
I recall from a prior video he doesn’t recommend buying property in Spain for that among other reasons.
@@garrettmgunderson correct. And he has a specific video on how he manages his properties, I believe it's from 2021
I do agree with your most of the views except for New Zealand. NZ is not at all suitable for 6-8 fig entrepreneurs, rather this nation is not at all favorable to any kind of entrepreneurs. Lacking in many small things which you may find easily in less developed countries.
In addition No positive vibes there, worst people. Avoid NZ at any cost.
You have sheep though
@@hpopovmate am not kiwi. But yes they have sheep double of Population.
@@johnpaul5832 "worst people"? Really? Generalising much? We're a country of 5 million, I'm pretty sure we're not all terrible human beings.
,@@rhyspowell3109 I did not find a better word than worst.
I so agree with you. This country feels like long term imprisonment for me.
A thought occurred to me while watching your video.
I wonder if you have given any thought to where retired business people could go to where they are treated best.
Taxes on money earned might not be a high priority at this point of retirement.
How to get the after taxes money out of extortion countries like Canada?
BTW: I would never recommend entrepreneurial people to start companies in Canada.
Many retired folks would like to leave and take their Canadian pensions with them.
Any countries where Canadian retirement community can take their pension?
Lo health care in America sucks!
Hit the thumbs-up!
It's good to know what options are available to us!!
I think Oz has a good healthcare system, maybe education is good to?
Yes but many many negatives
I have an idea, you could make some community, a subreddit or something, where people can discuss what countries to move to.
Basically a place where you can ask questions along the line "I want to live in a warm country near the coast with low capital gains taxes" etc and the community discusses.
Also as a place to share maps, articles, discussions etc.
He makes money off keeping the info confidential. Why don't we open that ourselves? Via a Facebook group?
Sr. Henderson,
I am from Brazil and I'd like to know your oppinion about my country.
I'm thinking to come Brazil from Australia .. hearing good things about it
@@anthonycalleja7223 don't come to Brazil
@@luc8254why so ?
@@luc8254 seems alot of people are escaping Australia to mexico or Brazil
@@anthonycalleja7223 yeah, I can see why.. Australia is just a shitshow of insanity right now, but keep in mind that although brazil is not that bad In terms of wokeness YET, we are heavily influenced by US culture, we just lack behind a little bit, about 5 years or so... Give it time and you'll see. It's also important to say that "wokeness" here is more prevalent in the high income part of the population, and also among young people of all income brackets who are university students, since universities are a nest for those ideologies. You're more likely to scape wokeness by hanging out with people who are poorer, which you're not likely to do since being australian automatic means you're probably in the 1% here in brazil.
Don't get me wrong, there are plenty of rational high income people and univesities students aswell, but the "wokeness" thing is growing here.. give it some time and it's only going to get worse. Take that aside and we are a reeealy bad country to live in.. there is an extreme amount of poverty, a lot of violence (you generally can't walk on the streets and feel safe, especially in major cities... put it like this, if you ask people of age 18 if they were ever mugged or worse you rarely going to get a no as a response, if you ask people in their 30s thats almost imposssible so be prepared), our infrastructure sucks, so unless you live in a walled neighborhood there generally is no actual "good neighborhood", not compared to australia anyways. The roads are very unsafe so if you're traveling around you should be ok with the fact that the mortality rates are way higher, also the streets on the cities are generally not that well kept.
On top of that we are in a political mess right now and is not going to get better anytime soon, in the best case scenario I would say it can start getting better in like 10 years or so.. we are also living an economic crises, although being australian and therefore rich for our standards shelters you from that, but you're going to have to see the ramifications of that every day of your life while you stay here...
We are also a really rich county when it comes to diversity of culture so that's really nice, we are also pretty welcoming people 😊. I just think is kind of a step down australia in terms of living standards, like a BIG ASS step down haha
You forgot about Ukraine, CNN says that it is a benchmark of freedom, democracy and land of opportunities xD
CNN,those idiots.
😂😂😂😂😂😂😂😂
Opportunities within corruption are endless
🤣🤣🤣🤣🤣
Watching CNN- for those few dozens viewers left !- is like watching a Mel Brooks or Monty Python movie 🤣🤣🤣🤣
My next high class nomadic excursion shall be to a literal war zone.
Trust me, the taxes are low!
🇺🇦 time
OMG - New Zealand. Ardern? You have to be insane.
YES. Ardern is insane, but also rejected. One can see a doctor in NZ with only a name and a phone number. Wildly LESS regulated nation!
New Zealand in the 1990s was a libertarian paradise…not anymore
🙏🌊🌴🌹
this video was a rant. I dont even remember like some basic points from this video because its just stuff he's repeated before.
"boo-teek"
Booty-kew!
Lol try paying tax in South Africa 😱🤣🤣🤣
for the first time in my youtube history I had to slow down a video
So whats wrong with colombia then? U wouldnt live there u said
Colombia now is going after Bitcoin for taxes plus it's Colombia were they just arrested one of the biggest cartel bosses a month ago along with the bombing at the police academy I could go on and on do your research hell most of all of Latin America is screwed up in one way or another and gringos stand out like bullseye targets cheers
@@shawnwright5332 so none of that is why he doesnt want to live there more then 6 months.
@@shawnwright5332 but thx for reaponding
the crime rate, corruption, poor infrastructure, few people speak english, etc
Hey Andrew and the Nomad Capitalist team, I have a question:
I’ve recently heard that a US citizen can go back and forth to become a US national at any time. Apparently they are no longer obligated to pay taxes if they live outside the US, foreign banks don’t have to report them, and all they give up is voting rights (whoop-de-doo). Is this true? This seems better than just renouncing citizenship, or at least it’s a stepping stone before you do. Could you make a video on this topic? The risk/rewards and what you see for this in the future? Thanks!
@James Bond, elaborate?
@James Bond, if you’re a citizen, yes. But what if you aren’t a citizen, but only a national? Was your friend a citizen or just a national?
@James Bond, I believe it. But now I’m talking about nationals vs citizens and the differences in the law, if any. I’m no lawyer but that’s why I’m asking. If you have any actual knowledge on the laws on national vs citizen, then please share. Otherwise your stories are pointless to this particular conversation. And hey, if being a national doesn’t help, I’ll just renounce my citizenship like Andrew did.
@@KK-sg5gl You have been misled. The only people who are legally "US nationals" without also being US citizens are those born in American Samoa, and in what are now unincorporated territories of the USA (Guam, Puerto Rico, etc.) before about 1950, who have never become naturalised US citizens. Every other "US national" is also a US citizen, and therefore subject to US tax law, regardless of their residency.
People forget monaco
Sometimes I wonder if you're spending more trying to avoid taxes than if you just paid the taxes in the first place. Sure, low taxes are a part of the "go where you're treated best" philosophy, but it isn't the only thing.
I’m trying to crunch numbers on that now and in some cases it doesn’t benefit us to part with Canada’s tax system 🤷🏼♀️
Why pronounce boutique that way? That's neither American or English pronunciation...
It is not an English word.
@@MariaBelenSeyssInquart nor French pronunciation. And you mean to say it doesn’t have an English origin, however it is in the English dictionary.
Don’t take this as an attack. I’m srsly curious as to how something like this occurs.
@@andrewsonSsdd No problem! It is a word incorporated into English from French and then pronounced like in French (such as "niche"). Other languages decided to translate them, Italian and Spanish have "botica", however, "boutique" is also used and should be written with Italics.
These are also some of the most boring countries lol.
He NEVER speaks on Africa, teaming with opportunities.....
The Ex-American has a youtube channel that obsesses about America.
YES because the US is really BIG, yet also in declinel
New intro is horrible
Where is freedom in dubai?
I mean you can’t even kiss your gf or wife openly
Pay your taxes - be happy😀
Ok Klaus, have nothing and be happy
No nigga
Focus on his eyebrows and try to not laugh
Stop telling people about Indonesia lmao going to have to conquer that country for myself.
Been to ALL those countries you shared..Lisboa is kinda 3rd world SF..Malta..really? Greece another 3rd world, Italy is a mess yet my favorite country to visit , Dubai..too hot and kinky..Monaco is one considering as they complete Mare-terra in 2025 or so..Ireland and UK weather sucks as lived in London. Singapore possibly. Not into KL or Jakarta.I lived in Hong Kong but Beijing has destroyed it..that’s my frustration as been to 90 countries ..looked at Montevideo and is frankly boring ..any open seats to Mark? 😎😎😎
Usual vague rubbish, hiding information that paints a true picture. Saying a lot but not really saying anything useful.
Unsubscribe, move on. I doubt anyone dragged you here.
@@KipngetichRono11 ok fanboy
@@KipngetichRono11 How can he unsubscribe or move to another video before watching the content? First, he has to watch the video, and then judge if it is not good or if he likes it. Every video here is public and subject to judgment and criticism.
A bit of a kind of ranting, not very articulate, not sticking to the point, diverting from the subject matter. You went from New Zealand to Dubai in 1 sentence. I really don’t understand why so many people follow this channel ?
Here's a thought. Make less money, live more simply, consider the environment and future generations, be patriotic and ...pay lower taxes.
Live in abundance mindset my friend. Money amplifes a person not the other way around. Being patriotic is an absolute BS at least in my opinion, we didn't wished to be born in our country, we're just born there what I think is best is to be proud to what we've accomplished in life.
Here's a thought...see the Judge Learned Hand quote on taxes.
Patriotism is an illusion that only benefits your puppet masters. Also, the future generations does not care about you.
@@hitokiridm facts
You talk a lot but never say anything. You say you are wealthy..PROVE IT!!