Thanks for this. As a Canadian who is concerned with recent human rights violations and the new law of internet censorship that is being discussed in Canada. I made a second home in a red state in USA and also looking for a third place as backup for my kids.
Same concerns as well as a fellow Canadian. Wtf is going on??? And it’s like no one cares! It’s just sad to see this country and my city deteriorated like this.
I'm 29 and I have less than 1000 euros (just came from Argentina to the Netherlands) but this channel for me is inspiring and I'm definitely saving this video to watch it and make us of it in hopefully not more than a few years 🌏🙌🏼 Thanks for sharing this information and therefore standing up for freedom 🕊
Same man! Nice to hear other enthusiastic young folks like me are realising the true way of life and won't just go with the flow " Make your own luck "
Super informative, thanks for all the info! I find Ecuador is the best option for nomads on a budget. After the 'rona-demic' they've made the visas more lenient on how much time can be spent out of the country by visa holders. Also fines are less for people that have overstayed their visas.
I think Andrew forgot about Paraguay where you can just deposit approx. US $4,600 in a Paraguayan bank and you can get residency in about 3 months. To maintain your PR you're only required to visit once every 3 years but to qualify for citizenship you have to stay there for 183 days a year for the next 3 years after getting your residency permit.
Safety may be issues such as theft etc. But if you have a very expensive car, nobody will try to steal it there. It is because not many people are that rich and the thieves are afraid of getting busted. Therefore small theft may be the only issue and traffic is pretty lawless as well!!
I deposited money into a Myanmar bank and left my money for six months. Lo and behold my deposits actually accrued interest and werent stolen by the bank. I stood in shock when I made the realization. Its almost immpossible for an expat to get Burmese citizenship but the banks are friendly. Myanmar KYAT and USD are official currencies.
Panama 5g Ecuador 40g Colombia 20g Costa Rica 60g Latvia 280g Euro plus 2500 Euro fee Portugal 1 mil Euro Egypt 1 mil Euro Philippines 2~50g Thailand 300g Malaysia 35g
I like that this channel is encouraging me to think about other options besides the USA for pre-post retirement. And I never thought seriously about leaving, however, it is interesting to see what else is out there and available in my economic range. I desire to live a reasonably good life on a budget, so it is nice to know that if all I had was my Social Security, I could do so in a place like Panama.
@hkg chan very xenophobic though. If you’re rich enough that it doesn’t matter then fine but don’t hope to ever, ever integrate. It is extremely tribal.
Oh: Malaysia, Philippines , and Panama are my interests at this time. Followed by Costa Rica and/or Turkey in the near future. Applause for credible research and info👏🏿
Malaysia??? Beware I've not heard much good about them in terms freedoms which you take for granted in the west, From compulsory religious profiling to moderate correction and much more stuff whichd take long to get used to if at all ever
Philippines has also suspended SSRV for the same reason as Malaysia, too many “military age” mainlanders applying for the programs. Look for the age requirements to go 50+
@@ronj6038 That requirement started when they noticed that several thousands of Chinese retiring in the Philippines are less than 50. Undoubtedly too young for a retiree.
here it is then.. decent xpats wanting a break for a bit can stay on our home for free but they have to deal with our Malay neighbors.. weapons and guns are needed
Americans can live in Germany for 6 years if they have their own business in USA (regardless of size) and open up a branch in Germany. This is permitted in an agreement from the Marshall Plan.
Ecuador is quite attractive as a retirement country, with Cuenca having a delightful climate. To get citizenship you have to live there 18 months out of a two year period. Foreigners get same rights and privileges as citizens, and seniors are entitled to lots of discounts. Cars are ridiculously expensive as there is a 100% tariff on their import.
Anyone interested in Colombia should check into their tax system. When I investigated the possibility of moving there, I was discouraged by their wealth tax, which as I recall imposes a 1% tax on wealth above $USD 1,500,000. Well worth knowing about.
@@Rhaspun I think that my numbers were mixed up. I just searched again, and the new wealth tax is 1% on assets in excess of $1.5 million U.S. per year. I think that this replaces the tax on what used to be called "presumptive income," but I'm not sure whether still more tax is payable on specific types of income. Two points here: (1) I've found that online info about CO tax laws to be incomplete and unclear. (2) Residents of Colombia who've posted online say that enforcement of the tax code is inconsistent, and highly dependent on interpretations of the law, and on which tax lawyer is on the case.
You should first check the crime rate before you even consider the economic aspects of moving there. Latin/Central America is riddled with drug cartels who may branch out into kidnapping if they're having a hard time smuggling drugs into the US.
Great info. In my experience, there is always some kind of residence visa in most desired countries. If you go to one and spend some time there, like in Thailand, you'll find those so-called 'strict terms and conditions are not so strict and there are always loopholes!
For me, it is one of the most useful videos! Thanks a lot. I am interested in Panama, Costa Rica, Colombia, Ecuador, and a bit less in Malaysia and Thailand.
Egypt - rather optimistic country this! Lived there for 4 years. Wouldnt take permit/citizenship for free. But great information. Turkey - new information that, didn't know that $$ in the bank could deliver the same. Love it. Portugal seems most appealing. Malaysia - that was a program to look at! $36k for this oldie! would consider getting the last 2....though off late the Freelancer Visas are turning out to be rather enticing. Qatar is at $10k + office rent, to set up shop & resulting RP. $200K house gets you an indefinite visa tied into the house ownership UAE - i think the world knows it all -)
Why not Egypt? Have you seen the new cities they are building there? New Cairo City, New Al Amein City on the Mediterranean. If you look up their plans, it is rather impressive. My husband was born in Egypt but raised in the US. Trying to figure out if it's worth getting an Egyptian passport/second citizenship. I've visited once. What are your thoughts after living there 4 yrs?
I am from Qatar but not a citizen and they will never give citizenship. You can purchase property but it cannot be inherited by your family..when you die it reverts back to the Government unless you sign it over to another family member beforehand.
Panama's Friendly Nations Visa it is for me, I think. I have a Latvian citizenship by birth and a US residency soon to be a citizenship in addition. I don't like the vibe of my birth country but having an extra passport during the pandemic has proven to have been very useful. I like the US and taxes are of a lesser concern - I want the opportunity to earn and to add to my resume in certain ways I can't do elsewhere as effectively. It works for me. I am right now vacationing in Costa Rica and shopping for the third option. I have a love and hate relationship with CR where I had an extended vacation years ago and I like it there a lot, yet something doesn't click within me to actually live there.
I'm a US expat living in lovely central Mexico...lately have seen a number of expats previously living in Costa Rica arriving here in Mexico. The most common reason is CR is just getting too expensive. Minor reasons are limited healthcare options and bland food.
@@p.c.h.6721 I'm currently in San Juan Cosala on the north shore of Lake Chapala. I've thought about Merida too, just not sure I can take the heat/humidity. I've also checked out Queretaro, and Guanajuato. I love it here and been here 5 yrs. Will have my Residente Permanente in 2 weeks. So much to see in this country. Good luck.
Merida is wonderful! Been here a month so far. In my experience it surpasses Costa Rica, Dominican Republic, and Belize especially in the two areas you mentioned...food and medical.
If your are over 50, you only need 800K Thai Baht in the bank, and like Andrew said you need one day a year to renew. Go for the retirement visa instead of the investor visa.
Actually Ecuador is not all that safe, out of all the countries in the world i have been to (80) that's the only one where i got robbed in the street, and i met people with a lot of stories (shooting, face slashed with a knife) etc. I am not saying it is the worst in the continent, but anyone who lives there knows it has problems with violent crime and drugs
@@yesornoandmaybeso you didn’t read what i what i wrote. That is not i said. I have been to 80 countries and this was the only country i was robbed in and I encountered this. And i met plenty of people with anecdotes. I was there 2 months. Did i get robbed every day? No. Was there an issue with personal security compared to most of the other countries i have been to? Yes. Fact. Go there, see for yourself rather than going all pious on RUclips, ask the Ecuadorians yourself, they will caution you. Nice country but there are issues, you’d be a fool not to take this on board
@@blueballbag3588 nah, you are exaggerating man. I find so naive your comment when you say "80 countries " , I'm like so what. It's very childish to say that just because that happened here in Ecuador that couldn't happen anywhere else. I don't find this country any less dangerous than any other countries in the world. FYI I was robbed in Texas. Sometimes those things happen. That can happen anywhere we have global crime. Does that mean that can't happen in Malaysia or Singapore or even in Colombia? Of course not. Those things just happen sometimes
I have been robbed in the United States and have heard may antidotes about crime there. Never been robbed anywhere else. The US may not be the most dangerous country in America's, but anyone who lives there knows it has problems.
Beware of the covaids terror regime that has suspended all of your rights for nothing but the flu and made it their personal duty to prolong it as much as possible. Couple that with a local hysterical population who has got an average IQ well below 80 and you will likely see the results of that unstable foundation in the coming years. Lots of people I know who were in love with Panama got out after they turned themselves into North Korea for many months there....
Been there many times, they have modern cities in there, most of the locals speak good english, they have the best beaches, great food and relatively safe to travel.
My wife lives in Davao so would like to know more about the Philippines and probably retire there soon ..... love the place and can’t wait to get back ☀️👍🏻
Hi Andrew, this is a really nice and informative video. Please let me note that you have forgotten the Greek Golden Visa, which can be also issued in return of a 400k EUR term deposit account in a Greek bank. It is a relatively new option, however, it is the most affordable Golden Visa through "term-deposit" in the EU/Schengen Area.
@@onetwothree4148 the Greek Golden Visa does not require to be taxed in Greece. However, there are several benefits for foreigners who transfer their tax residence, e.g. the 7% flat tax rate for pensioners/retirees.
@@onetwothree4148 Greek real estate law is based on Roman Law, as Greece is a civil-law country. In terms of investment, Greece has now many opportunities in this sector, due to the last 10-year recession, with Athens being the most affordable European capital.
Enjoying your series.. Can you offer some videos for middle lifers with 6 digit in assets wanting to expatriate in foriegn countries? What are the best options for ¼ to ½ millionaires that want to get out of the USA and enjoy an affordable retirement but not really wanting to run a business?
He's in another tax bracket and not looking back, it seems. I would watch his videos: Places to live on $1000./mo., and Highest yielding offshore bank accounts. Basically scale his plans down to your budget. Residences can be had by living somewhere for a year, then citizenship by naturalization, takes time...3-5 years. Try to fast track it by investing in a house, property, etc. Varies from country to country. Go where treated best...in lifestyle, banking and investments. 👍✌😎🌴
100% the world needs someone to guide us 1/2 millionaires. We are small potatoes for Andrew. Maybe he could train some of his staff to take on our business? I'd happily pay for help.
All the same principles apply, just on a smaller scale. Ask yourself three questions. Where do you want to... ... live? ... work/incorporate? ... bank? The key thing is they can and most probably will all be separate places. That's ok. Start visiting places, even virtually online. Learn about their residency/citizenship. Find out their business climate(taxes). Ask locals about their banks. Then go to their websites to find the bank that suits you. Some you can open remotely. The more you do now, the better prepared you are when traveling. Remember tho things change, sometimes quickly. I wouldn't trust any info or videos over a year old and nothing before 2020- for obvious reasons. On your mark, get set, GO! Have fun!!
Live half of my life in the Philippines and still have a rental property in the capital but retiring there is the last thing on my mind. Friendly people but for me does not offset too much corruption, red tape and ridiculous laws. Nice to have a short vacation there but not for long term residency. That is the reason why millions leave the country every year.
I did not hear you mention Georgia, but I know you've spoken on your other shows about it. I am VERY interested in Turkey however, so this is good news! Thanks for your amazing show-
Philippine banks had a lot of cases of money stolen in the past either through copied and cloned ATM cards or money missing in their passbook accounts or through phishing online (some the banks decided not to return the money stolen). Now Phil. banks implement the use of chips in ATM, debit and credit cards to avoid skimming schemes. That's why when my commission arrives, I'm planning to deposit it in a Singapore bank like DBS or UOB, directly if it's S$350,000 and up or apply for a Singapore student visa and then a deposit a minimum S$1,000 if my commission is
For these ppl over 55 yrs, you may get up to 1 year multi entry retirement visa in Cambodia (renewable). In theory, you should show ‘sufficient’ fund in the bank, in practice they do not ask for a justification. It cost < 300 USD/yr.
As a not--figure-entrepenur (yet) South African, Philippines and Turkey makes the most sense. Been to Malaysia and Thailand which were also great but the former was just too conservative Muslim for me.
Can I ask if you have the 20 year visa with the golf and limousine service? And if so, have you found that part to be of good value? Being that, those services double the cost from 1Mbaht to 2Mbaht. Thanks for your reply
@@deanmitchell5967 My sincere apologies for the late response. I do not do the elite visa, I simply re-up my retirement visa once per annum. That elite visa is super-expensive for me right now, if my financial condition would ever allow for it, I would consider it eventually. I enjoy being in Thailand with my wife and her family and just shuttle between residences , one we own, one we rent. Would eventually like to own the rental too, eventually... :)
@Dean Mitchell - Additionally, a Retirement visa here also means this gov't won't issue you a work permit. The work-around for me is working from home, and until I incorporate here they don't care too much. There's some more to it, but that's the simplified answer there... :)
Great summary - Thanks. Turkey and Malaysia interest me the most... I guess with kids one of the major factors is their schooling... if you can do a video on that it would be of high value. Thanks.
great shows. we need more guys like you. My wife and I would like to leave the country but are not vaccinated. how can we fly out? where can we go? we do have some money saved up. we are totally fed up with this communist regime here. thank you for your help.
Philippines has suspended the SRRV, apparently with the plan to review it. Reviews rarely come up with a better deal. I also read that Panama is looking at doing the same.
@@ilovelife3328 Being from MI myself I retired in N. Cali, sold the condo in Panama after ten years. I'm now eyeing S.E. Asia and or Portugal but C-19 has slowed things down a bit.
My mother is from a EU country. She bought property in Spain and is retired there but she has to leave every 3 months. It really complicated to become resident there also.
No she doesn't. If she's from the EU, she just registers in Spain and she can stay there all she wants. Unless she's from some country that Spain has some special rules about.
Philippines just yesterday (Oct 5, 2021) has now re-opened the SRRV Retirement Visa program. For about $25,000 US, you can gain entry into the Philippines again as long as the SRRV process is begun on arrival.
@@asyongmatipid2 No, you have to get it started with immigration first. Get the approval for the visa and then go under a travel exemption and complete the process as soon after arrival as possible. That is how I understand it. Will be getting more clarification from JRC Immigration agents there next week.
I bought a place in Turkey when I was living there, for around $70k, $250k is really high priced so I would say look for a multifamily or apartment building instead.
That is so true. I am in Turkish citizenship business. I'm making deals with the developers and it is very disappointing to see that some are inflating their prices as they know that the client is interested in the citizenship
Malaysia achieves the right balance on many aspects of a livable country for the well-heeled nomad from the 'developed world'. Ironically, for many ordinary Malaysians, especially citizens who are not of the majority Bumiputera race or do not have connections, they have to leave Malaysia to seek success. Andrew's perspectives help remind overseas Malaysians how valuable their passports can be.
Bumiputera's are leeching of the non-bumiputera's with the help of government. And thats the case just because of race and history. I'm not blaming the current society and I think its stupid if Malays dont stay for sure. But non-Malays? earn the money elsewhere, keep 2+ citizenships and live a much fairer lifestyle.
What has your experience been with the continent of Africa ( its banks, permanent residency, government/ taxes, acquiring real estate) as it pertains to the Nomad Capitolist? Thank you in advance for your prompt reply.
Most of those countries have low corporate tax rates, ideal for new businesses (Already looking at you, Montenegro) By the way, great haircut and the luxurious urban landscape background shows excellence. Congrats to your team 👏🏼👏🏼👏🏼
@@nomadcapitalist .Islam is the religion of truth, so whoever wants to search for the truth, I advise you to follow Dr. Zakir Naik, I love you all 🍃.🕊…..
I really like Colombia, my son lives there and I am US Citizen!. I am now working on Residential Visa!....but I love what you are saying about Panama, I think that I am going to explore being a residence there.
what are your pros and cons on having a 2nd home in Norway, 2nd passport, or residency, as well as owning vacation home in Norway options? also sweden, denmark
Did multiple trips to Singapore and found the cost of living 5 times higher than Saigon, especially rents. While Singapore is clean, efficient & one of the most well run countries with the best airport & airline, it is essentially one giant shopping mall and very much a "nanny" state.
The PR in Panama is not as easy as you said. They expect the PR holder to have an address in Panama even if you don't live there, meaning you have to sign a lease agreement to become a tenant or buy a property in Panama.
can you just rent a mailbox? in nyc theres buildings with "offices" that people lease just to have a mailing address on Park ave or something of similar stature but really they're based out of some guys basement in brooklyn. or does the gov't come to make sure there's a full residence at the address?
Current nominal time account interest rate in Turkey is 16 percent yearly. Personal consumer credit interest rate in Turkey is 25 percent, where e g.when you draw 40.000 tl consumer credit, 1400 tl of file opening closing fee incurred, 250 tl credit insurance fee incurred, the rest is yours for 24 months. 1 Kuwait dinar is 56 tl, 1 euro 17 tl, 1 usd is 15 tl, minimum net wage in Turkey for 6.040.000 turkish workers is 4250 tl per month for each.
Can you do short video on shenzhen, vietnam, & cambodia? Ideally, keep US Citizenship but park some money or buy real estate in those foreign countries. Travel there once / twice a year at 3 week duration each time.
Just a note on the Panamanian Friendly Nations Visa. Since this video was posted there have been some significant changes. Most importantly the $5,000 bank deposit is now $200,000. By Executive Decree No. 197 of 7th May 2021 and Executive Decree No.226 of 20th July 2021 amendments were enacted to Executive Decree 416 of 13 June 2012 to the Permanent Residency for citizens of the following closed list of 50 countries, who "want to engage in economic, investment or professional activities in Panama": 7. Evidence that you require permanent residency for an economic, investment or professional activity, which can be one of the following: a. Real Estate in Panama with a minimum investment of $200,000, titled in your name, in the name of a corporation or private interest foundation; or b. 3-year fixed term deposit account in a bank in Panama in the minimum amount of $200,000. c. Employment letter from a company established in Panama, with business license. For this option, the applicant must obtain a work permit from the Ministry of Labour.
What if I just have SSI????I was a nurse for 20 years and now I'm on SSI, I got sick I watch your videos all the time and share them.Ty for the great information all the tome.
Turkey and Ecuador sound enticing followed by Costa Rica and Philippines. What are your thoughts on Turkey given their economic decline as in fiat devaluation and how are the properties holding value given political situation in country?
@Edmond Schwab There are concerns for every country. I like the Philippines, Vietnam and Thailand. Each have small concerns. Yes the Gov there is concerning, but the great reset is concerning everywhere.
I already have two passports but can’t leave the country during Covid so how does that help me. If your in North America like me a lot of your money is tied up in real estate and or retirement plans. How to shake that loose and get out of country. Plus if the world is going communist what difference will it make anyway?
@nazsmith oh your so much smarter than everyone else and sarcastically gloating I see. Well they didn’t seem to know what hit here til end of feb. you can’t sell all your real estate in one month. Cash out all your retirement accounts and you give them at least 50%of that in taxes. And where do you move your useless fiat money to Australia, Singapore. It’s the world that’s involved not just one country. When it collapses they all collapse. Unless of course you’ve figured out a way to slog your heavy bags of silver and gold behind you while thieves steal it from you. Sounds like you had no money or are not in reality to me. And where do you live that has no masks and lockdowns. No one seems to be able to answer that one.
Cash out and pay your retirement account taxes now. Newsflash: taxes aren't going down in the US. There are plenty of countries with lower taxes than the US, and there will always be countries competing for your business. Convert your USD to anything other than inflation risk fiat (BTW short term fiat risk is probably overrated) and you'll be fine. Foreign real estate in desirable less developed countries is a no brainer
If you're over 50 you can easily get a retirement visa in Thailand, renewable every year. You need $25,000 in the bank for 3 months then you can withdraw it.
What about moving to Romania? The cost of living there is very low for westerners,the food is outstanding,you ca find at any farmer market a lot of real organic products,people are friendly,etc,etc,etc.
Ecuador is the best to put 40000 us dollars in bank you will get PR I thing this is the best way let me know . I am waiting for your answer thanks for information on video Aftab
@@aftabbarlas3664 In order to decide where to move ,go and stay for a few months in each country you consider the most suitable for your plans to better understand if it is the right place for you or not.
Portugal is beautiful but of course although not double digit unemployment rate like Spain, Italy and Greece still generally poor. The climate is good, the food and laid back lifestyle great and people generally very welcoming. Unlike Spain it's much more difficult to get by if you only speak and write English but there's no worldwide wealth tax but of course worldwide income tax which can be 53% for anyone above an average American income.
Turkish residence permit is the easiest and economical. One can get it for USD 1000. The procedure is simple one needs a noterized rental aggrement, health insurance and online application. You get approval within 15 days and card comes within 2 months. Also one may buy a residential property of any amount and apply for 2 year residency. Residency based on property could be renewed for any number of times its like a perminent residency and after 5 years one can apply for Citizenship. I got mine on rental contract bases and been living here for 2 years now.
Hi I am in Jordan, and was wanting to find info for Turkey. Has is the residency amount changed at all? Do you like living there? Thank you, I hope you will respond.
Dear Nomad Capitalist - do you know if Australia 🇦🇺 does a similar thing? I currently live in U.K. 🇬🇧 ... can I open a bank account in Australia? Many thanks 🙏 😊
Not True At all! $25000 lmao you have to have coming into your Thai Bank account that you get 65000 baht a Month for 12 months or your Retirement Visa is Cancelled
Thanks for this. As a Canadian who is concerned with recent human rights violations and the new law of internet censorship that is being discussed in Canada. I made a second home in a red state in USA and also looking for a third place as backup for my kids.
Same concerns as well as a fellow Canadian. Wtf is going on??? And it’s like no one cares! It’s just sad to see this country and my city deteriorated like this.
@@big30o6 Always have a backup plan. The Canada we once knew may not be coming back and people are asleep. Good luck.
@@IroncladTruth I agree, it’s pretty far gone and imo the economy hasn’t seen the worst yet. Best of luck to you and your family as well. Cheers!
Fidel Castro's son is DESTROYING Canada.
Lol😂😂😂😂 Red State? Sounds like you're on a different planet. Central bank much?
I wish you make an updated video on this topic every year.
Agree with u 👍
.Islam is the religion of truth, so whoever wants to search for the truth, I advise you to follow Dr. Zakir Naik, I love you all 🍃.🕊…..
I'm 29 and I have less than 1000 euros (just came from Argentina to the Netherlands) but this channel for me is inspiring and I'm definitely saving this video to watch it and make us of it in hopefully not more than a few years 🌏🙌🏼 Thanks for sharing this information and therefore standing up for freedom 🕊
Good luck bro.
Im in similar situation, I'm 30 and just moved to Germany.
ojala que te vaya Bien!
When I was 29 I had 8000 Euro and I didn't do whole a lot to invest but spend on beers and parties, losing them all after few years!!LOL
Same man! Nice to hear other enthusiastic young folks like me are realising the true way of life and won't just go with the flow
" Make your own luck "
@@thatotau7478 How did u move? I came here via study visa but am now changing to Ausbildung ( for the cash)
Super informative, thanks for all the info! I find Ecuador is the best option for nomads on a budget. After the 'rona-demic' they've made the visas more lenient on how much time can be spent out of the country by visa holders. Also fines are less for people that have overstayed their visas.
I think Andrew forgot about Paraguay where you can just deposit approx. US $4,600 in a Paraguayan bank and you can get residency in about 3 months. To maintain your PR you're only required to visit once every 3 years but to qualify for citizenship you have to stay there for 183 days a year for the next 3 years after getting your residency permit.
Thank you for that info. What are other aspects in Paraguay? Safety, crime, cost of living, employment, etc?
I never been is Paraguay a nice country?
Safety may be issues such as theft etc. But if you have a very expensive car, nobody will try to steal it there.
It is because not many people are that rich and the thieves are afraid of getting busted.
Therefore small theft may be the only issue and traffic is pretty lawless as well!!
Thanks for the info👍
yeah, well it might be cheap but needing to live there for 6 months for 3 whole years is the catch....
I deposited money into a Myanmar bank and left my money for six months. Lo and behold my deposits actually accrued interest and werent stolen by the bank. I stood in shock when I made the realization. Its almost immpossible for an expat to get Burmese citizenship but the banks are friendly. Myanmar KYAT and USD are official currencies.
@@Timithos singapore shares your info with US govt. Burmese govt does not . Best place to hide your loot if you are US citizen !
I love the new Media Navigation to skip over content for when a video is so broad. Currently setting up my online business as I'm writing this.
Im just curious what type of online business you recommend?
@@sibaroochi me too - curious. guess he didn't finish setting it up.
@@FlowtnWitWalden maybe he finished setting it up and got so busy that he cant be bothered by youtube anymore :)
@@sibaroochi maybe, yeah, guess that's a more positive outlook 👍
Panama 5g
Ecuador 40g
Colombia 20g
Costa Rica 60g
Latvia 280g Euro plus 2500 Euro fee
Portugal 1 mil Euro
Egypt 1 mil Euro
Philippines 2~50g
Thailand 300g
Malaysia 35g
I like that this channel is encouraging me to think about other options besides the USA for pre-post retirement. And I never thought seriously about leaving, however, it is interesting to see what else is out there and available in my economic range. I desire to live a reasonably good life on a budget, so it is nice to know that if all I had was my Social Security, I could do so in a place like Panama.
I'm buying the book right now. So happy I found this channel
Great clip. I am over 60, and both Malaysia and Turkey sound appealing to my retirement life.
@hkg chan very xenophobic though. If you’re rich enough that it doesn’t matter then fine but don’t hope to ever, ever integrate. It is extremely tribal.
@Irfan Ahmed. Go for Malaysia, Turkey is not for retired people, plus the weather in Malaysia is good for your age.
Oh: Malaysia, Philippines , and Panama are my interests at this time. Followed by Costa Rica and/or Turkey in the near future. Applause for credible research and info👏🏿
Of course malaysia
Malaysia??? Beware I've not heard much good about them in terms freedoms which you take for granted in the west, From compulsory religious profiling to moderate correction and much more stuff whichd take long to get used to if at all ever
Philippines has also suspended SSRV for the same reason as Malaysia, too many “military age” mainlanders applying for the programs. Look for the age requirements to go 50+
@@ronj6038
That requirement started when they noticed that several thousands of Chinese retiring in the Philippines are less than 50. Undoubtedly too young for a retiree.
here it is then.. decent xpats wanting a break for a bit can stay on our home for free but they have to deal with our Malay neighbors.. weapons and guns are needed
The Panama friendly nations visa was perfect! Particulary for those that are starting out
Americans can live in Germany for 6 years if they have their own business in USA (regardless of size) and open up a branch in Germany. This is permitted in an agreement from the Marshall Plan.
Little known agreement!
I thought that was cannced in the 60s
I have visited Malaysia,it is a developed country and very economical to live
Yes. Only the cons are alcohol prices and entertainment for men. LOL
Ecuador is quite attractive as a retirement country, with Cuenca having a delightful climate. To get citizenship you have to live there 18 months out of a two year period. Foreigners get same rights and privileges as citizens, and seniors are entitled to lots of discounts. Cars are ridiculously expensive as there is a 100% tariff on their import.
But taxis are cheap there and the city is quite walkable plus there are nice bike paths along the rivers. No need to own car in Cuenca.
Anyone interested in Colombia should check into their tax system. When I investigated the possibility of moving there, I was discouraged by their wealth tax, which as I recall imposes a 1% tax on wealth above $USD 1,500,000. Well worth knowing about.
Is that an additional tax or a recurring annual 1.5% tax on sitting assets.
@@Rhaspun I think that my numbers were mixed up. I just searched again, and the new wealth tax is 1% on assets in excess of $1.5 million U.S. per year. I think that this replaces the tax on what used to be called "presumptive income," but I'm not sure whether still more tax is payable on specific types of income. Two points here: (1) I've found that online info about CO tax laws to be incomplete and unclear. (2) Residents of Colombia who've posted online say that enforcement of the tax code is inconsistent, and highly dependent on interpretations of the law, and on which tax lawyer is on the case.
@Andrea Giraldo More expensive than Brazil?
@Andrea Giraldo Got it many thanks for responding back.
You should first check the crime rate before you even consider the economic aspects of moving there. Latin/Central America is riddled with drug cartels who may branch out into kidnapping if they're having a hard time smuggling drugs into the US.
This channel has changed my life and outlook on my money and im just a six figure earner.
Great info. In my experience, there is always some kind of residence visa in most desired countries. If you go to one and spend some time there, like in Thailand, you'll find those so-called 'strict terms and conditions are not so strict and there are always loopholes!
For me, it is one of the most useful videos! Thanks a lot. I am interested in Panama, Costa Rica, Colombia, Ecuador, and a bit less in Malaysia and Thailand.
Glad it was helpful.
Egypt - rather optimistic country this! Lived there for 4 years. Wouldnt take permit/citizenship for free. But great information.
Turkey - new information that, didn't know that $$ in the bank could deliver the same. Love it.
Portugal seems most appealing.
Malaysia - that was a program to look at! $36k for this oldie!
would consider getting the last 2....though off late the Freelancer Visas are turning out to be rather enticing.
Qatar is at $10k + office rent, to set up shop & resulting RP.
$200K house gets you an indefinite visa tied into the house ownership
UAE - i think the world knows it all -)
Why not Egypt? Have you seen the new cities they are building there? New Cairo City, New Al Amein City on the Mediterranean. If you look up their plans, it is rather impressive. My husband was born in Egypt but raised in the US. Trying to figure out if it's worth getting an Egyptian passport/second citizenship. I've visited once. What are your thoughts after living there 4 yrs?
I am from Qatar but not a citizen and they will never give citizenship. You can purchase property but it cannot be inherited by your family..when you die it reverts back to the Government unless you sign it over to another family member beforehand.
Panama's Friendly Nations Visa it is for me, I think.
I have a Latvian citizenship by birth and a US residency soon to be a citizenship in addition.
I don't like the vibe of my birth country but having an extra passport during the pandemic has proven to have been very useful.
I like the US and taxes are of a lesser concern - I want the opportunity to earn and to add to my resume in certain ways I can't do elsewhere as effectively. It works for me.
I am right now vacationing in Costa Rica and shopping for the third option. I have a love and hate relationship with CR where I had an extended vacation years ago and I like it there a lot, yet something doesn't click within me to actually live there.
Helpful information about putting money in many corners of the world. Thank you for sharing.
I'm a US expat living in lovely central Mexico...lately have seen a number of expats previously living in Costa Rica arriving here in Mexico. The most common reason is CR is just getting too expensive. Minor reasons are limited healthcare options and bland food.
@@p.c.h.6721 I'm currently in San Juan Cosala on the north shore of Lake Chapala. I've thought about Merida too, just not sure I can take the heat/humidity. I've also checked out Queretaro, and Guanajuato. I love it here and been here 5 yrs. Will have my Residente Permanente in 2 weeks. So much to see in this country. Good luck.
Merida is wonderful! Been here a month so far. In my experience it surpasses Costa Rica, Dominican Republic, and Belize especially in the two areas you mentioned...food and medical.
If your are over 50, you only need 800K Thai Baht in the bank, and like Andrew said you need one day a year to renew. Go for the retirement visa instead of the investor visa.
Enjoy the covid nazis
thank you for your great content and work. Highly appreciated.
.Islam is the religion of truth, so whoever wants to search for the truth, I advise you to follow Dr. Zakir Naik, I love you all 🍃.🕊…..^_^
Great information The Philippines is the place for me. I’m also interested in Panama. As I approach retirement age.
South Africa is not bad😊
I lost €1,200 carelessly trading on a platform then I was referred to Gregory Randal ,he helped me recover the lost and made an extra profit of €5,600
Always interesting information. I would like to see you address the "unvaxxed" issue and how that would affect your choices about where to go.
That jibjab doesn't even work bruh
Yes, since the vaccines do not work and are rather “gene therapy” programs, I too am also interested in the addressing of unvaccinated persons
People are waking up to this V not working. It may have never worked, how would we know with the media these days.
Also interested.
Me too
Thanks for free help Andrew.
Actually Ecuador is not all that safe, out of all the countries in the world i have been to (80) that's the only one where i got robbed in the street, and i met people with a lot of stories (shooting, face slashed with a knife) etc. I am not saying it is the worst in the continent, but anyone who lives there knows it has problems with violent crime and drugs
Your anecdotal incident doesn’t constitute safety of the country as a whole. Take about a sample size of one.
@@yesornoandmaybeso you didn’t read what i what i wrote. That is not i said. I have been to 80 countries and this was the only country i was robbed in and I encountered this. And i met plenty of people with anecdotes. I was there 2 months. Did i get robbed every day? No. Was there an issue with personal security compared to most of the other countries i have been to? Yes. Fact. Go there, see for yourself rather than going all pious on RUclips, ask the Ecuadorians yourself, they will caution you. Nice country but there are issues, you’d be a fool not to take this on board
@@yesornoandmaybeso right!
@@blueballbag3588 nah, you are exaggerating man. I find so naive your comment when you say "80 countries " , I'm like so what. It's very childish to say that just because that happened here in Ecuador that couldn't happen anywhere else. I don't find this country any less dangerous than any other countries in the world. FYI I was robbed in Texas. Sometimes those things happen. That can happen anywhere we have global crime. Does that mean that can't happen in Malaysia or Singapore or even in Colombia? Of course not. Those things just happen sometimes
I have been robbed in the United States and have heard may antidotes about crime there. Never been robbed anywhere else. The US may not be the most dangerous country in America's, but anyone who lives there knows it has problems.
Thank you so much for this information. Panama, here I come.
Same
Beware of the covaids terror regime that has suspended all of your rights for nothing but the flu and made it their personal duty to prolong it as much as possible. Couple that with a local hysterical population who has got an average IQ well below 80 and you will likely see the results of that unstable foundation in the coming years. Lots of people I know who were in love with Panama got out after they turned themselves into North Korea for many months there....
lots of value here, thank you guys so very much. Honestly, I would love more information on the Philippines. That is an interesting program.
Thanks, Leslyn. Stay tuned.
Been there many times, they have modern cities in there, most of the locals speak good english, they have the best beaches, great food and relatively safe to travel.
My wife born there
You haven't mention Greece 24.000 per year or 400.000 .
My wife lives in Davao so would like to know more about the Philippines and probably retire there soon ..... love the place and can’t wait to get back ☀️👍🏻
Thank you so much, you changed my outlook.
Such great content! Malaysia is looking the most interesting, please keep us updated
Mm2h is on hold now.
What about Turkey
@@korgond No Idea mate, Since i am in Malaysia i knew this news
@@venkats3349 hello bro
@@rockyhandsome7406 Hi Bro
Hi Andrew, this is a really nice and informative video. Please let me note that you have forgotten the Greek Golden Visa, which can be also issued in return of a 400k EUR term deposit account in a Greek bank. It is a relatively new option, however, it is the most affordable Golden Visa through "term-deposit" in the EU/Schengen Area.
Yeah, but Greece is hardly tax/business friendly
@@onetwothree4148 the Greek Golden Visa does not require to be taxed in Greece. However, there are several benefits for foreigners who transfer their tax residence, e.g. the 7% flat tax rate for pensioners/retirees.
@@alexandervarnavas4183 that's good to know for retirees. What about property ownership? How safe of an investment do you consider it there?
@@onetwothree4148 Greek real estate law is based on Roman Law, as Greece is a civil-law country. In terms of investment, Greece has now many opportunities in this sector, due to the last 10-year recession, with Athens being the most affordable European capital.
Unfortunately at present beautiful Greece is an open-air prison because of very stringent "anticovid" measures. What a pity. Love Greece!
Enjoying your series.. Can you offer some videos for middle lifers with 6 digit in assets wanting to expatriate in foriegn countries? What are the best options for ¼ to ½ millionaires that want to get out of the USA and enjoy an affordable retirement but not really wanting to run a business?
He's in another tax bracket and not looking back, it seems. I would watch his videos:
Places to live on $1000./mo.,
and
Highest yielding offshore bank accounts.
Basically scale his plans down to your budget. Residences can be had by living somewhere for a year, then citizenship by naturalization, takes time...3-5 years. Try to fast track it by investing in a house, property, etc. Varies from country to country. Go where treated best...in lifestyle, banking and investments. 👍✌😎🌴
100% the world needs someone to guide us 1/2 millionaires. We are small potatoes for Andrew. Maybe he could train some of his staff to take on our business? I'd happily pay for help.
All the same principles apply, just on a smaller scale.
Ask yourself three questions.
Where do you want to...
... live?
... work/incorporate?
... bank?
The key thing is they can and most probably will all be separate places. That's ok.
Start visiting places, even virtually online. Learn about their residency/citizenship.
Find out their business climate(taxes).
Ask locals about their banks.
Then go to their websites to find the bank that suits you. Some you can open remotely.
The more you do now, the better prepared you are when traveling.
Remember tho things change, sometimes quickly. I wouldn't trust any info or videos over a year old and nothing before 2020- for obvious reasons.
On your mark, get set, GO!
Have fun!!
Live half of my life in the Philippines and still have a rental property in the capital but retiring there is the last thing on my mind. Friendly people but for me does not offset too much corruption, red tape and ridiculous laws. Nice to have a short vacation there
but not for long term residency. That is the reason why millions leave the country every year.
Agree.
Agree
It seems they go out of there way to make things difficult
I can imagine what it's like now with covid lock down etc
I did not hear you mention Georgia, but I know you've spoken on your other shows about it. I am VERY interested in Turkey however, so this is good news! Thanks for your amazing show-
Portugal, Thailand, Malasya, St. Lucia, Uruguay.
Latvia, turkey, egypt, philipines, thailand usd$30K visit 1 day every year. Malaysia $300RM, deposit. half if > 50K
Philippine banks had a lot of cases of money stolen in the past either through copied and cloned ATM cards or money missing in their passbook accounts or through phishing online (some the banks decided not to return the money stolen). Now Phil. banks implement the use of chips in ATM, debit and credit cards to avoid skimming schemes. That's why when my commission arrives, I'm planning to deposit it in a Singapore bank like DBS or UOB, directly if it's S$350,000 and up or apply for a Singapore student visa and then a deposit a minimum S$1,000 if my commission is
Don’t trust the Philippines I hear so many bad things about them
@@darianbarnett808 I'm a citizen of it and not belong to well-off people who can offshore their accounts.
For these ppl over 55 yrs, you may get up to 1 year multi entry retirement visa in Cambodia (renewable). In theory, you should show ‘sufficient’ fund in the bank, in practice they do not ask for a justification. It cost < 300 USD/yr.
What other info do you have on the Cambodian retirement visa?
I am considering Malaysia, interesting, thanks.
Great option👍
So am I
How about georgia?
Malaysia has considerably tightened its requirements. I have a long-term visa here, but the changes are forcing me to leave Malaysia
As a not--figure-entrepenur (yet) South African, Philippines and Turkey makes the most sense.
Been to Malaysia and Thailand which were also great but the former was just too conservative Muslim for me.
Money really moves you! Always great content.
that’s if China virus doesn’t block your way as it has been
Malaysian option looks good to me. Live in Penang with a Resident Permit plus street food ....for say 3 months per year....perfect!
OKH
Thailand is interesting. Felt like South India when I visited the place.
Thailand, Thailand , and Thailand...multiple residences in Thailand I'm here a decade as of Mar 2021... :)
Do you rate the elite visa?
@@deanmitchell5967 I have a elite visa, great service, overall an amazing product which makes life a lot easier...can def. recommend it!
Can I ask if you have the 20 year visa with the golf and limousine service? And if so, have you found that part to be of good value? Being that, those services double the cost from 1Mbaht to 2Mbaht. Thanks for your reply
@@deanmitchell5967 My sincere apologies for the late response. I do not do the elite visa, I simply re-up my retirement visa once per annum. That elite visa is super-expensive for me right now, if my financial condition would ever allow for it, I would consider it eventually. I enjoy being in Thailand with my wife and her family and just shuttle between residences , one we own, one we rent. Would eventually like to own the rental too, eventually... :)
@Dean Mitchell - Additionally, a Retirement visa here also means this gov't won't issue you a work permit. The work-around for me is working from home, and until I incorporate here they don't care too much. There's some more to it, but that's the simplified answer there... :)
Great summary - Thanks. Turkey and Malaysia interest me the most... I guess with kids one of the major factors is their schooling... if you can do a video on that it would be of high value. Thanks.
thanks for this info -- im planning my travel retirement out of the country -
really.. be very careful
Very interesting! Malaysia, Philippines and costs Rica sound particularly interesting
great shows. we need more guys like you. My wife and I would like to leave the country but are not vaccinated. how can we fly out? where can we go? we do have some money saved up. we are totally fed up with this communist regime here. thank you for your help.
Looking really smart and stylish today!
I love your videos. So informational!
Philippines has suspended the SRRV, apparently with the plan to review it. Reviews rarely come up with a better deal.
I also read that Panama is looking at doing the same.
@greg wilson You can find cheaper but not much more freedom since Covid. But if you know how to live, you don't need to go abroad for cheaper.
@greg wilson Yeah, its a trend, that's what always happens when too many people start doing the same thing.
Phillipines does not allow foreign citizens to own land.
@@basspig you can however own a condo
@@GhostofTradition You can buy a condo, but you don't own that either. And I would never buy a condo. It's like living under communism.
I hope Malaysia will welcome more residents soon
Great options! I keep hearing good things about Panama. It's definitely on my list!
Panama also has a higher than 2.1 fertility rate meaning their population is actually growing. It’s promising for the future
I'm thinking the same thing. It keeps coming up often.
Panama isn't a bad place, I bought a condo there.
@@wingnut4217 Yes, I’ve heard good things about it from many American expats!
@@ilovelife3328 Being from MI myself I retired in N. Cali, sold the condo in Panama after ten years. I'm now eyeing S.E. Asia and or Portugal but C-19 has slowed things down a bit.
My mother is from a EU country.
She bought property in Spain and is retired there but she has to leave every 3 months.
It really complicated to become resident there also.
No she doesn't. If she's from the EU, she just registers in Spain and she can stay there all she wants. Unless she's from some country that Spain has some special rules about.
@@Kamadev888 ok ,I'll look that up.
She's convinced she does...I mean,who does she register with?
She cannot be an EU citizen if she has to leave every 3 months. She must be a 3rd nation citizen
No problem with residency there if you have a decent pension or around 30000 euros in the bank there.
@@vladimirkazakov3033 You're wrong.
Philippines just yesterday (Oct 5, 2021) has now re-opened the SRRV Retirement Visa program. For about $25,000 US, you can gain entry into the Philippines again as long as the SRRV process is begun on arrival.
Can one start an application at the airport?
@@asyongmatipid2 No, you have to get it started with immigration first. Get the approval for the visa and then go under a travel exemption and complete the process as soon after arrival as possible. That is how I understand it. Will be getting more clarification from JRC Immigration agents there next week.
Clean, tight, valuable. Thank you for your sharing!
I bought a place in Turkey when I was living there, for around $70k, $250k is really high priced so I would say look for a multifamily or apartment building instead.
That is so true. I am in Turkish citizenship business. I'm making deals with the developers and it is very disappointing to see that some are inflating their prices as they know that the client is interested in the citizenship
I like how there aren’t any ads on your videos. But then again, you’re not allowed.)))
Malaysia!
Thanks Andrew.
Really enjoying your book right now.I'm also over 50, so that sounds like a great fit for me,
....also love the far east.
Thanks for your support, Bruce!
Malaysia has temporary suspended MM2H-Program. I‘ve been there several times.
Malaysia achieves the right balance on many aspects of a livable country for the well-heeled nomad from the 'developed world'. Ironically, for many ordinary Malaysians, especially citizens who are not of the majority Bumiputera race or do not have connections, they have to leave Malaysia to seek success. Andrew's perspectives help remind overseas Malaysians how valuable their passports can be.
This is so true. It's a different ball game for a certain segment of our society.
Bumiputera's are leeching of the non-bumiputera's with the help of government. And thats the case just because of race and history. I'm not blaming the current society and I think its stupid if Malays dont stay for sure. But non-Malays? earn the money elsewhere, keep 2+ citizenships and live a much fairer lifestyle.
What has your experience been with the continent of Africa ( its banks, permanent residency, government/ taxes, acquiring real estate) as it pertains to the Nomad Capitolist? Thank you in advance for your prompt reply.
I can give you the information on that
Forget about Africa
Portugal my pick. Haven't been. I love Colombia. Currently in cdmx.
Most of those countries have low corporate tax rates, ideal for new businesses (Already looking at you, Montenegro) By the way, great haircut and the luxurious urban landscape background shows excellence. Congrats to your team 👏🏼👏🏼👏🏼
Thank you!
@@nomadcapitalist
.Islam is the religion of truth, so whoever wants to search for the truth, I advise you to follow Dr. Zakir Naik, I love you all 🍃.🕊…..
Bulgaria as well. Bonds. 500k
I really like Colombia, my son lives there and I am US Citizen!. I am now working on Residential Visa!....but I love what you are saying about Panama, I think that I am going to explore being a residence there.
I've had relatives in the military who lived in Panama and they had great things to say about it there.
There is some good information here, particularly on Malaysia.
What about Turkey?
what are your pros and cons on having a 2nd home in Norway, 2nd passport, or residency, as well as owning vacation home in Norway options? also sweden, denmark
as much as they are great places, property and cost of living is very high in Norway, Sweden & Denmark…
Panama is very soon also requiring a 200k RE investment
My destination interest is Kuala Lumpur,Malaysia.
And,thanks for your kind cooperation in advance.
From Bangladesh.
me too same here
They look down upon Banglas
How do you open a bank account in a country (Asia) without being resident? I thought it was the other way around. Residency, THEN, bank account.
I like the idea of Singapore. It's expensive but they beat delinquents with sticks.
Did multiple trips to Singapore and found the cost of living 5 times higher than Saigon, especially rents.
While Singapore is clean, efficient & one of the most well run countries with the best airport & airline, it is essentially one giant shopping mall and very much a "nanny" state.
The PR in Panama is not as easy as you said. They expect the PR holder to have an address in Panama even if you don't live there, meaning you have to sign a lease agreement to become a tenant or buy a property in Panama.
can you just rent a mailbox? in nyc theres buildings with "offices" that people lease just to have a mailing address on Park ave or something of similar stature but really they're based out of some guys basement in brooklyn. or does the gov't come to make sure there's a full residence at the address?
Azerbaijan also has this option. You need to deposit 100,000 Manats (almost 59000 USD) to get a resident permit.
Current nominal time account interest rate in Turkey is 16 percent yearly. Personal consumer credit interest rate in Turkey is 25 percent, where e g.when you draw 40.000 tl consumer credit, 1400 tl of file opening closing fee incurred, 250 tl credit insurance fee incurred, the rest is yours for 24 months. 1 Kuwait dinar is 56 tl, 1 euro 17 tl, 1 usd is 15 tl, minimum net wage in Turkey for 6.040.000 turkish workers is 4250 tl per month for each.
malaysia for sure, nice food nice place
I’d love to hear more about the best cost of living versus visa/residency options in for example Costa Rica and Thailand.
Cost rica is as expensive as western countries.
Can you do short video on shenzhen, vietnam, & cambodia? Ideally, keep US Citizenship but park some money or buy real estate in those foreign countries. Travel there once / twice a year at 3 week duration each time.
Great content! Thailand sounds interesting as I am from India and Thailand is nearby plus the expenses are also more reasonable.
Just a note on the Panamanian Friendly Nations Visa. Since this video was posted there have been some significant changes.
Most importantly the $5,000 bank deposit is now $200,000.
By Executive Decree No. 197 of 7th May 2021 and Executive Decree No.226 of 20th July 2021 amendments were enacted to Executive Decree 416 of 13 June 2012 to the Permanent Residency for citizens of the following closed list of 50 countries, who "want to engage in economic, investment or professional activities in Panama":
7. Evidence that you require permanent residency for an economic, investment or professional
activity, which can be one of the following:
a. Real Estate in Panama with a minimum investment of $200,000, titled in your name, in the
name of a corporation or private interest foundation; or
b. 3-year fixed term deposit account in a bank in Panama in the minimum amount of $200,000.
c. Employment letter from a company established in Panama, with business license. For this
option, the applicant must obtain a work permit from the Ministry of Labour.
From 5k to 200k 😢 ?
What if I just have SSI????I was a nurse for 20 years and now I'm on SSI, I got sick I watch your videos all the time and share them.Ty for the great information all the tome.
How old are you?
THANK YOU SO MUCH FOR SHARING US 🌎💫✊️
Turkey and Ecuador sound enticing followed by Costa Rica and Philippines. What are your thoughts on Turkey given their economic decline as in fiat devaluation and how are the properties holding value given political situation in country?
What are the requirements for Uruguay?
You forgot the other example of den of capitalistic iniquity, Cyprus. A million down, new identity and new passport. Perfect!
Andrew, you said $40K for Ecuador and it's actually only $24K and change. Just letting you know.
How is Ecuador? Lockdowns and how is the life there?
@@michaelcorleone4320 Hi, I don't know, I don't live there. I had researched living there but am looking at Vietnam.
@Edmond Schwab There are concerns for every country. I like the Philippines, Vietnam and Thailand. Each have small concerns. Yes the Gov there is concerning, but the great reset is concerning everywhere.
@Edmond Schwab Agreed totally, though I see the irony in your surname. :)
I don't want to be rude. But Latin countries full of crimes and not safe at all
Very informative. Best advice I’ve heard.
I already have two passports but can’t leave the country during Covid so how does that help me. If your in North America like me a lot of your money is tied up in real estate and or retirement plans. How to shake that loose and get out of country. Plus if the world is going communist what difference will it make anyway?
Profoundly relevant questions that don't need to be answered because you already know the answers.
@nazsmith oh your so much smarter than everyone else and sarcastically gloating I see. Well they didn’t seem to know what hit here til end of feb. you can’t sell all your real estate in one month. Cash out all your retirement accounts and you give them at least 50%of that in taxes. And where do you move your useless fiat money to Australia, Singapore. It’s the world that’s involved not just one country. When it collapses they all collapse. Unless of course you’ve figured out a way to slog your heavy bags of silver and gold behind you while thieves steal it from you. Sounds like you had no money or are not in reality to me. And where do you live that has no masks and lockdowns. No one seems to be able to answer that one.
Cash out and pay your retirement account taxes now. Newsflash: taxes aren't going down in the US. There are plenty of countries with lower taxes than the US, and there will always be countries competing for your business. Convert your USD to anything other than inflation risk fiat (BTW short term fiat risk is probably overrated) and you'll be fine. Foreign real estate in desirable less developed countries is a no brainer
Move to Aus. Help us vote out socialists!
@@icmull I wouldn't call Austria's government socialist.
If you're over 50 you can easily get a retirement visa in Thailand, renewable every year. You need $25,000 in the bank for 3 months then you can withdraw it.
What about moving to Romania? The cost of living there is very low for westerners,the food is outstanding,you ca find at any farmer market a lot of real organic products,people are friendly,etc,etc,etc.
Ecuador is the best to put 40000 us dollars in bank you will get PR
I thing this is the best way let me know .
I am waiting for your answer thanks for information on video
Aftab
@@aftabbarlas3664 In order to decide where to move ,go and stay for a few months in each country you consider the most suitable for your plans to better understand if it is the right place for you or not.
Can you shed more info about living in Romania?
Suit looks better than other options in other videos
I am considering Portugal.
Looks amazing
Portugal is beautiful but of course although not double digit unemployment rate like Spain, Italy and Greece still generally poor. The climate is good, the food and laid back lifestyle great and people generally very welcoming. Unlike Spain it's much more difficult to get by if you only speak and write English but there's no worldwide wealth tax but of course worldwide income tax which can be 53% for anyone above an average American income.
Very easy living and the Portuguese government are making it attractive to foreign investors
Turkish residence permit is the easiest and economical. One can get it for USD 1000. The procedure is simple one needs a noterized rental aggrement, health insurance and online application. You get approval within 15 days and card comes within 2 months. Also one may buy a residential property of any amount and apply for 2 year residency. Residency based on property could be renewed for any number of times its like a perminent residency and after 5 years one can apply for Citizenship. I got mine on rental contract bases and been living here for 2 years now.
Helpful information
Hi I am in Jordan, and was wanting to find info for Turkey. Has is the residency amount changed at all?
Do you like living there?
Thank you, I hope you will respond.
With the green new deal in the offing you can also park your US dollars in your bathroom so they're handy for you know what.
Dear Nomad Capitalist - do you know if Australia 🇦🇺 does a similar thing?
I currently live in U.K. 🇬🇧 ... can I open a bank account in Australia?
Many thanks 🙏 😊
Thailand retirement over 50 years old $25,000 in Thai bank. Permanent residence after 3 years.
After 3 yrs? Do you have more info on this? Recommended websites,links...etc? Thanks
Please let me know more
You can't get permanent residence on a retirement visa. One of the requirements is to work and pay taxes.
There's hardly a benefit to a thai PR. Yes you get a different house book and future citizenship option, but why bother.
Not True At all! $25000 lmao you have to have coming into your Thai Bank account that you get 65000 baht a Month for 12 months or your Retirement Visa is Cancelled
I never been in Malaysia, but it seems to be the one on the list that provides the most financial freedom therefore it seems to be the better choice.
Not anymore since they recently changed the requirements