South American here. My advice is if you want to check the place and stay before getting serious about investing, just go. When I was backpacking I met a bunch of travellers that would just "cross the borders" every 3 months and come back to the country as tourists. And you can always make extensions, talk to the officers etc. South America is flexible, don't worry about needing to have a 2 years visa before putting your feet there.
You should make a video about falsely percieved "freedom" in legacy countries. As a motorcyclist, when riding in the USA I am constantly being scrutinized by other road users, stopped for speeding, and generally hassled. When riding in South America, you can basically do whatever you want. I crossed the Andes on beautiful sweeping roads and was able to ride as fast and free as I wanted. Never saw a single speed trap and wasn't hassled by anyone the entire trip. You can pass slower traffic freely and filter through traffic in the city. It's a totally liberating experience compared to the police and Karen infested first world
How much lives did you endanger by speeding? Did it ever crossed your mind you could have caused an accident or even worse, killed someone by driving as "fast and free as I can? It sounds to me that all you want to do is go reckless in that motorcycle, probably the same reason you were ''constantly being scrutinized by other road users, stopped for speeding, and generally hassled''This is the reason why there are laws and speed limits, so people like you don't cause any accidents or death to others. I really hope you don't move to South America, they don't need you.
Omg, are the land borders open anywhere? My husband and I are traveling by motorcycle, in Panama now...wanted a bank account here, doesn't seem like it will happen...any knowledge of Ecuador border?
This is how I did it in Ecuador. First....I came as a tourist which with an Extended visa stay for six Months. Then...I enrolled in a language school and got a student visa for one year. Then...I decided to stay and bought some property with a value of at léast $16k.for an investor visa. Feeling lucky??? Marry a local and slip the property! Then.. .open a compañy....in.Panama.....
I have been following Andrew for awhile now and this has to be the most entertaining one yet. Finally get to see that sense of humor. In a few months more and more people are going to be weighing other options. The hornet's nest is getting ready to burst open and many people will get stung if they don't have a PlanB
Was just in Panama couple weeks ago. They are changing their Friendly nations visa program come July 1. For this visa it has been reported that you can no longer just set up a corporation. Now you will need to either work in Panama or buy property over 200,000 before you apply for the visa. Things can change as well but if you were looking to move to Panama, get things rolling before July 1 and you will be grandfathered in the old way with just setting up a corporation.
Thank You Andrew! Many Laws have changed since our new president yet moving to Ecuador is still relatively easy. ;-) It seems that getting the paperwork required in a timely manner is the hardest part at the moment especially from the US. I love my country of Ecuador and am always happy when people choose to come live here in Vilcabamba.
LOL just get a well connected local lawyer (or hire Andrew and he will hire one for you). Do not try to do the paperwork yourself. Hiring a lawyer shows the local bureaucrats that you won't just go away and stop bothering them at the first, second, or nineteenth obstacle, missed meeting, or delay for no reason. Weird fact: Often your well connected South American immigration attorney will be of German ancestry.
I was in Playa a month ago. I wish I had attended the event. Next time! Boy, my first comment makes no sense now that they removed the fake NC comments! LOL
@3:07 Andrew is correct about it being about bureaucracy in South America. I learned this the hard way when getting my residence. However, once I learned this lesson and had everything in order from the bureaucrat’s perspective, the process went really well!!
@@julianweekes yes. 1) have the exact forms that they requested. For my visa, they requested a copy of my marriage license. I had my certificate. They did not accept that. Once I had my marriage license in hand, they accepted that and the process went smoothly. My wife did not believe how smoothly how it went. 2). Your copies of documents have to be obtained within a usual timeframe before putting forth the application, in my case 90 days. 3) Get your documents apostilled. This is usually done by the notary in the country where you are from or in the US, it will be the Secretary of State who can apostille forms. Also, in some countries you may need to get forms translated. Even if you speak that country’s local language, use a professional translator and get the translations apostilled . The translator can usually apostille the translations.
Thanks Andrew. You described the bureaucracy here in Peru, perfectly. Not malintentioned, just doing the job, but, other than that, easy. No one wants to make your life difficult, just protecting their jobs. For residency, only needed to prove a minimum, reliable, monthly income from reliable source (investments, pension, etc.). Hoping the political problems here pass quickly. btw, I used/use a lawyer, always.
True that. Also here is my two cents on the topic. Before deciding on a country sell your belongings or whatever you have , put your stuff in storage and cut ties so you are not counted a citizen for tax purpose. and embark on a journey. Try living in nominated countries for at least 4-5 months and see you like all the aspects and move on to next. In a couple of years or more you can decide much better. If you have family ties to a country in south most probably you’ll end up there as connections and support in the first couple of years are crucial. But beware of high tax rates in some Latin countries for property or assets. I already know which ones I won’t live in and there are some that might be even better than what I think.
Andrew, absolutely fantastic video; however I would like to point out that there is someone purporting to be "nomad capitalist" spamming replies to commenters. Just dont want people thinking you're tied in with something shady.
Andrew, have you had experience in working with pilots expatriating from the US? Specifically how they get licensed in different jurisdictions, what happens to their FAA certificates, re-titling aircraft, etc.
Should I move there?? Is the question we hear al the time : Not to answer a question with a question but... The real question is.. *Do you WANT to* ?? Ask yourself that and you shall find the answer you seek within your mind.. And have alotta money - that helps
Andrew, By now you have covered nearly every corner of the world, with the exception of Africa. Can you give us the Top 3 for citizenship or Residence? I like Morocco, the Seychelles and Mauritius but only know them as a visitor. Do you have any comments? It seems to me the continent is missing the boat by not being more welcoming to foreigners. Now I wonder...why would they pass on this lucrative niche when it is arguably the most financially stressed continent on earth. Could it be they are opposed to international diversity? Or is it a warning that expats would find themselves in less than welcoming circumstances?
@@RC94332 and BTW any kind of elaboration on Residence and Citizenship instead of just focusing on those on a severe budget is my only request. Thanks.
Agreed! I think a residence in Africa might be a very good thing down the road. Great culture and the rest of the world kind of ignores the entire continent.
Ecuador only requires $400 per month of provable income to obtain a residency permit, and 5 years to citizenship (with a passport). The cost of living is very low in view of the good quality of lifestyle. There are expat haven cities in Ecuador with good English and Spanish speaking populace, good products and services.
@@madhusangala5376 Loja, Cuenca, Vilcabamba, Zamora lately and many other rural communities in the South. That area is prefered because its safetier and cheaper(except for Cuenca)
I looked into the tax citizenship for Uruguay. My concern was that it seemed that to not be taxed in both the US and Uruguay, you had to give up your US citizenship. Dual tax agreements don't exist between the two countries, this is something one should consider when looking for second residency. Not sure which South American counties permit you to have dual citizenship and also not require you to pay taxes in both countries, or have to default to paying US taxes anyways. Would be nice to see a more in depth video about South America and taxes.
Depending on your income source, you might be able to take advantage of the FEIE (foreign earned income exclusion), since Uruguay has a territorial tax system. If you can run your income through a foreign corporation, then.... in theory.... you should be able to avoid taxation by the government of Uruguay, while at the same time shielding $108K/year of income from the IRS (and you may be able to shield as much as $216K/year from the IRS if you're married and filing a joint tax return).
Remember two things. First you will only pay taxes in S. America on what you make there. Second. The USA gives nonresident US Citizens a tax break on the first $20k(?) for living outside of the USA.
You will need to return to the US and reside in another state for at least 6 months. You will need to change your drivers license and your voter registration. You will need to close bank accounts or change them to another state. If your wife works for a California employer as a w2 employee or receives a large percentage of her income via 1099 she may still need to pay California taxes. If you own properties in CA this may be an obstacle as well. You also should not spend a substantial amount of time in California during any tax year. You should ask the California licensed / barred lawyer who specializes in tax law who you retain services for legal advice about previous precedents. One precedent discusses 22 items. Comply with this advice to reduce the probability of encountering legal problems.
Andrew - we are Canadians but we have non-Nomad Capitalist reasons to spend three or four months a year in Uruguay. I have heard you make some comments about it, but could you elaborate on more of the specific pros and cons you see there?
How’s your flat in Bogota doing? I heard there is some political unrest lately in Colombia but of course only a wisp of news from our media, who rarely can cover our Latin American neighbors. Hope all is well!
I'm working on getting duel citizenship(Ireland-opening up the EU to us;) have a sister establishing residency in Spain and am married to a Colombian/USA woman. The world is my oyster!
My advise is to visit first. I lived in Colombia and loved it. Honestly did not like Brazil. But then again I know a lot of people who love it. Try doing things like Banking or getting a Cell Phone paying with credit cards. Then decide!
4:00 That was the same vibe I was getting when I was going back to the country I was born. I'd spent 2-3 years without ingressing and upon arriving the barrage of questions and the deluge of queries would be burdensome. Until I ditched that passport, ofcourse. Now upon arrival or departure I'm so well taken cared of that it just makes me regretting not having losing that passport earlier.
There is an integration process within South American countries going on right now. It was recently approved for all members of Andean Community: Colombia, Ecuador, Perú, Bolivia and Chile (left Venezuela out because you know why). This allows citizens to be able to reside and work in any of those countries without a visa. About the others its still visa free to visit them. Many more initiatives are going on between Latin American countries.
Just think, for centuries humans migrated across this planet at will. Only limited by modes of transportation, necessity, desire and a few laws. Why do people in countries with representative forms of government have the need to control other people? We were poorer but more mobile under Monarchies.... well, except for the serfs and slaves but then what's the point of simply changing the shackle? It's some crazy abuse cycle going on.
Hey Andrew, do you know if there are any good Nomad Capitalist destinations where you can buy property with cryptocurrencies? Just asking for a friend...
Colombia is not a Tax Friendly country. The Top Tax Rate is 39% in Colombia. Foreigners not in Colombia more than 180 days are not Tax Residents and are exempt from paying Income Tax.
@The Taco Kawaii I am a United States Citizen. The United States is the only country that does Tax the citizens on worldwide income. My wife was born in Colombia and I could easily gain Residency in Colombia. I have discussed with my wife the tax situation and she was not happy about the fact nearly all my income would be going to income tax. The United States Government has the highest tax rate on those Self-employed that can be as high of 52% (39.6% Income Tax plus 12.4% Self Employment Tax) under President Biden's Tax Plan. Potentially an additional 39% Income Tax to Colombia meaning 91% of my income goes to taxes leaving me with only 9% of my income after taxes. California is proposing having a income tax on former residents as high as 9% meaning I could have to try to survive on no income. In that situation, I would be better off not even working especially if the Governments is going to get everything I earn in taxes. The high tax rate is the reason I am not planning to gain Residency in Colombia. I have been in Colombia since the Christmas celebrations and I will be leaving with my wife before my Colombia Tourist Stamp expire.
Shouldn't this video be called "Should I Get Second Residence in Mexico, Central America or South America? Why not Latin American, Latin America doesn't include all countries south of Mexico. There are countries that are in the South America and Central America that are NOT latin like Belize and many more......
@@michaelreid8857 Not true pal! Latin comes from the latin language which is the origen of Spanish, portuguese, etc. So Belize's official language is English and other countries so please inform yourselve
@@fourthdeconstruction it should be noted then that about 40% of all the people in Belize are Hispanic! Also I am speaking of the common classification, of the geographical area, these countries are classified as! Not the languages spoken.
@@michaelreid8857 Your argument is weak. it is like saying that the united states is also Latin because 30% of its population is hispanic. Also, i have family in Belize even when they are mixed race (EUropean and native people) their first language is English and they don't speak Spanish. Latin is not a race!
@@fourthdeconstruction no Latin is an ethnicity. That’s why you have Latins of all different Colours. Even in Canada the Québécois are considered Latin. However Quebec is not considered part of Latin America. Seems my argument is getting a bit stronger, when again I state. Generally, Latin America is geographically Mexico South.
![Summer Walker - Heart Of A Woman [Official Lyric Video]](http://i.ytimg.com/vi/SFddctbZzw8/mqdefault.jpg)
South American here.
My advice is if you want to check the place and stay before getting serious about investing, just go. When I was backpacking I met a bunch of travellers that would just "cross the borders" every 3 months and come back to the country as tourists.
And you can always make extensions, talk to the officers etc. South America is flexible, don't worry about needing to have a 2 years visa before putting your feet there.
Yeah. Bolivia, Uruguay maybe !
"If you have $17 in your bank account" - He literary described every crypto trader out there. Even crypto millionaires.
Yep. Crypto ppl just put everything into crypto and only take out some fiat for immediate transactions
@@TiPitSgtBuddy will get us rekt
Bullcrap! If you only have $17 then you are a gambler and not a trader.
@@bananabreadtan4124 what will get you rekt is your depende ce of currency with no value. Its gona be hell next soon and you will have 0 leverage
@@jorgebrunstakepool597 17 is exagerated, but the idea is solid. Instead of keeping a 350$ in the bank, why not have it in something that will grow ?
You should make a video about falsely percieved "freedom" in legacy countries. As a motorcyclist, when riding in the USA I am constantly being scrutinized by other road users, stopped for speeding, and generally hassled. When riding in South America, you can basically do whatever you want. I crossed the Andes on beautiful sweeping roads and was able to ride as fast and free as I wanted. Never saw a single speed trap and wasn't hassled by anyone the entire trip. You can pass slower traffic freely and filter through traffic in the city. It's a totally liberating experience compared to the police and Karen infested first world
Go were you are "treated" best.
How much lives did you endanger by speeding? Did it ever crossed your mind you could have caused an accident or even worse, killed someone by driving as "fast and free as I can? It sounds to me that all you want to do is go reckless in that motorcycle, probably the same reason you were ''constantly being scrutinized by other road users, stopped for speeding, and generally hassled''This is the reason why there are laws and speed limits, so people like you don't cause any accidents or death to others. I really hope you don't move to South America, they don't need you.
When did you you that? If you do that through Colombia today or from 2019 on wards you'll be stopped everywhere.
@@angelgomez8210 he wants freedom without responsibility.
@Nomad Capitalist The smart people know you’re the real deal. Thank you for all your sharing, all us smarties just want More More More!!!
Come here to Ecuador 🇪🇨 friends, our new president is going to lower taxes. We just defeated socialism in the last election.
This is a fake nomad capitalist. He doesn't have any content and doesn't have the verified check mark which gives him away.
BEWARE!
@@RodGibsonMusic lol are you one of those blue check mark people
@@RunesOfPrussia True. But this president has every reason to be succesful. If he does the work, the real chalenge is Latin American corruption.
@@RunesOfPrussia It sure as Hell beats the alternative. Defeat.
Omg, are the land borders open anywhere? My husband and I are traveling by motorcycle, in Panama now...wanted a bank account here, doesn't seem like it will happen...any knowledge of Ecuador border?
This is how I did it in Ecuador. First....I came as a tourist which with an Extended visa stay for six Months. Then...I enrolled in a language school and got a student visa for one year. Then...I decided to stay and bought some property with a value of at léast $16k.for an investor visa. Feeling lucky??? Marry a local and slip the property! Then..
.open a compañy....in.Panama.....
Andrew testing out some comedy 😅😅😅 You are doing a wonderful job with this channel. I'm hoping to be a client of yours in a few months, God willing.
I have been following Andrew for awhile now and this has to be the most entertaining one yet. Finally get to see that sense of humor. In a few months more and more people are going to be weighing other options. The hornet's nest is getting ready to burst open and many people will get stung if they don't have a PlanB
The same shirt as the video released two days ago. Now we know how Andrew saves money.
Was just in Panama couple weeks ago. They are changing their Friendly nations visa program come July 1. For this visa it has been reported that you can no longer just set up a corporation. Now you will need to either work in Panama or buy property over 200,000 before you apply for the visa. Things can change as well but if you were looking to move to Panama, get things rolling before July 1 and you will be grandfathered in the old way with just setting up a corporation.
congratulations, Andrew! i so rarely hear people use "wont," that's refreshing!
Most people with Nexo accounts right now wouldn't want to show their statements after last week anyway.
Depending on one stream of income had never made any millionaire and earning check doesn't put you in Forbes
Thank You Andrew! Many Laws have changed since our new president yet moving to Ecuador is still relatively easy. ;-) It seems that getting the paperwork required in a timely manner is the hardest part at the moment especially from the US. I love my country of Ecuador and am always happy when people choose to come live here in Vilcabamba.
LOL just get a well connected local lawyer (or hire Andrew and he will hire one for you). Do not try to do the paperwork yourself. Hiring a lawyer shows the local bureaucrats that you won't just go away and stop bothering them at the first, second, or nineteenth obstacle, missed meeting, or delay for no reason. Weird fact: Often your well connected South American immigration attorney will be of German ancestry.
Since 1945
@@glennellis1584 1880s really, but I see what you did, without even using the other n word.
@@mynamename5172 ~ LOTS of KAMERADEN>>>>>>>>
Nein,lol
Andrew, are you still in the Playa del Carmen area? If so, a casual meet up with local nomads would be great!
Not the real one
@@ScottPaton Fake N.C. already been here I'm assuming?
I was in Playa a month ago. I wish I had attended the event. Next time! Boy, my first comment makes no sense now that they removed the fake NC comments! LOL
I work from 9 to 1 and my siesta is from 11 to 12
@3:07 Andrew is correct about it being about bureaucracy in South America. I learned this the hard way when getting my residence. However, once I learned this lesson and had everything in order from the bureaucrat’s perspective, the process went really well!!
Any hints or tips for making it as easy as possible regarding required bureaucracy? Thank you
@@julianweekes yes. 1) have the exact forms that they requested. For my visa, they requested a copy of my marriage license. I had my certificate. They did not accept that. Once I had my marriage license in hand, they accepted that and the process went smoothly. My wife did not believe how smoothly how it went. 2). Your copies of documents have to be obtained within a usual timeframe before putting forth the application, in my case 90 days. 3) Get your documents apostilled. This is usually done by the notary in the country where you are from or in the US, it will be the Secretary of State who can apostille forms. Also, in some countries you may need to get forms translated. Even if you speak that country’s local language, use a professional translator and get the translations apostilled . The translator can usually apostille the translations.
Thanks Andrew. You described the bureaucracy here in Peru, perfectly. Not malintentioned, just doing the job, but, other than that, easy. No one wants to make your life difficult, just protecting their jobs. For residency, only needed to prove a minimum, reliable, monthly income from reliable source (investments, pension, etc.). Hoping the political problems here pass quickly. btw, I used/use a lawyer, always.
@Home 2 Sky Hello Tia. The government requires proof of guaranteed income of $1,200 month. for a rentista visa. Good luck!
True that. Also here is my two cents on the topic. Before deciding on a country sell your belongings or whatever you have , put your stuff in storage and cut ties so you are not counted a citizen for tax purpose. and embark on a journey. Try living in nominated countries for at least 4-5 months and see you like all the aspects and move on to next. In a couple of years or more you can decide much better. If you have family ties to a country in south most probably you’ll end up there as connections and support in the first couple of years are crucial. But beware of high tax rates in some Latin countries for property or assets. I already know which ones I won’t live in and there are some that might be even better than what I think.
@@MrFooChops Colombia. Percentage wise it’s higher.
Andrew you are great! I just found your chanel 😍
Andrew, absolutely fantastic video; however I would like to point out that there is someone purporting to be "nomad capitalist" spamming replies to commenters. Just dont want people thinking you're tied in with something shady.
Point proven.
Andrew, have you had experience in working with pilots expatriating from the US? Specifically how they get licensed in different jurisdictions, what happens to their FAA certificates, re-titling aircraft, etc.
I have the same problem I’m a licensed loan officer in the states. If I’m no longer a citizen of US I lose my business
"I work from 9 to 1". 😆🤣😂 hilarious but so true 😆🤣
Should I move there?? Is the question we hear al the time : Not to answer a question with a question but...
The real question is.. *Do you WANT to* ??
Ask yourself that and you shall find the answer you seek within your mind..
And have alotta money - that helps
Andrew, By now you have covered nearly every corner of the world, with the exception of Africa. Can you give us the Top 3 for citizenship or Residence? I like Morocco, the Seychelles and Mauritius but only know them as a visitor. Do you have any comments? It seems to me the continent is missing the boat by not being more welcoming to foreigners. Now I wonder...why would they pass on this lucrative niche when it is arguably the most financially stressed continent on earth. Could it be they are opposed to international diversity? Or is it a warning that expats would find themselves in less than welcoming circumstances?
He did cover Africa, check his videos, “places to live in Africa with $1000”
@@RC94332 Thank you RC. I hope he will continue to promote it and get some positive buzz going.
@@RC94332 and BTW any kind of elaboration on Residence and Citizenship instead of just focusing on those on a severe budget is my only request. Thanks.
@@admindesk2760 understand. im waiting for a central asia video also
Agreed! I think a residence in Africa might be a very good thing down the road. Great culture and the rest of the world kind of ignores the entire continent.
Ecuador only requires $400 per month of provable income to obtain a residency permit, and 5 years to citizenship (with a passport).
The cost of living is very low in view of the good quality of lifestyle.
There are expat haven cities in Ecuador with good English and Spanish speaking populace, good products and services.
Hi. Would like to know the expat friendly cities list in Ecuador.
I second the above comment.
@@Ak49xjx can you please state your opinion. As I am interested in Ecuador I need experienced suggestions
I would also like to see this list
@@madhusangala5376 Loja, Cuenca, Vilcabamba, Zamora lately and many other rural communities in the South. That area is prefered because its safetier and cheaper(except for Cuenca)
I looked into the tax citizenship for Uruguay. My concern was that it seemed that to not be taxed in both the US and Uruguay, you had to give up your US citizenship. Dual tax agreements don't exist between the two countries, this is something one should consider when looking for second residency. Not sure which South American counties permit you to have dual citizenship and also not require you to pay taxes in both countries, or have to default to paying US taxes anyways. Would be nice to see a more in depth video about South America and taxes.
Depending on your income source, you might be able to take advantage of the FEIE (foreign earned income exclusion), since Uruguay has a territorial tax system. If you can run your income through a foreign corporation, then.... in theory.... you should be able to avoid taxation by the government of Uruguay, while at the same time shielding $108K/year of income from the IRS (and you may be able to shield as much as $216K/year from the IRS if you're married and filing a joint tax return).
Remember two things.
First you will only pay taxes in S. America on what you make there.
Second. The USA gives nonresident US Citizens a tax break on the first $20k(?) for living outside of the USA.
Brilliant and useful video. Thank you Andrew.
Good advice thanks.
some body is in tulum. I'm in Mexico atm and I am thinking to live in South America somewhere once I find a place to live.
Tbilisi has work remotely visas for a year. Check it out.
We moved to Brasil in November 2020. My wife has a US job and we are still paying CA state taxes. How can we change this?
You will need to return to the US and reside in another state for at least 6 months. You will need to change your drivers license and your voter registration. You will need to close bank accounts or change them to another state. If your wife works for a California employer as a w2 employee or receives a large percentage of her income via 1099 she may still need to pay California taxes. If you own properties in CA this may be an obstacle as well. You also should not spend a substantial amount of time in California during any tax year. You should ask the California licensed / barred lawyer who specializes in tax law who you retain services for legal advice about previous precedents. One precedent discusses 22 items. Comply with this advice to reduce the probability of encountering legal problems.
that immigration officer's accent went from mexican to russian to afghani
Dude! You should do stand up! The accents you did are very good!
Thank you.
Thanks for the good information 👍
Andrew - we are Canadians but we have non-Nomad Capitalist reasons to spend three or four months a year in Uruguay. I have heard you make some comments about it, but could you elaborate on more of the specific pros and cons you see there?
How’s your flat in Bogota doing? I heard there is some political unrest lately in Colombia but of course only a wisp of news from our media, who rarely can cover our Latin American neighbors. Hope all is well!
I'm working on getting duel citizenship(Ireland-opening up the EU to us;) have a sister establishing residency in Spain and am married to a Colombian/USA woman. The world is my oyster!
Can anyone answer this question for me... Is Chile a good country to move to and obtain a work visa in?
I want to move to Brazil while working remote for a company in USA... any advice?
I'm from Brazil and it is a great place
You doing it 100% smartly
I live in the us
My advise is to visit first. I lived in Colombia and loved it. Honestly did not like Brazil. But then again I know a lot of people who love it.
Try doing things like Banking or getting a Cell Phone paying with credit cards. Then decide!
What you didn't like about Brasil?
Would you consider Ireland as a legacy brand country?
Very helpful
Maybe definitely.
Saved, thanks 😊
Andrew, what do you have to say about Guyana?
I love your humor!
4:00 That was the same vibe I was getting when I was going back to the country I was born. I'd spent 2-3 years without ingressing and upon arriving the barrage of questions and the deluge of queries would be burdensome. Until I ditched that passport, ofcourse. Now upon arrival or departure I'm so well taken cared of that it just makes me regretting not having losing that passport earlier.
Panama! $5k for PR
Omg Andrew, more impersonations please.
I already have one secondary residence in South America and am looking for another.
Hi, in which country?
@@glaszlo9694 Colombia.. I actuallygot Andrew’s book, “Nomad Capitalist”. It is a good read, and I got the ideas from there.
@@fmagalhaes1521 Thank you pretty much - I will definitely get the book.:-)
@@kippsguitar6539 I am looking at that one too.
@@kippsguitar6539 how expensive it is.?
Guys BEWARE of a fake account posting comments here impersonating Nomad Capitalist. Report it.
Honduras
Andrew talk about Prospera in Honduras, it might be the place where you can be treated best in the near future
Busted a gut laughing about the eyebrow twitch. "I knew it! We knew hes on to something! He's up to no good!" LOL Hilarious!
SAO PAULO/BRAZIL is an excellent option.
Hell no.
If you want to pay though the nose. Lol. No.
unless you want to avoid large cities......then it's the absolute last option.
There is an integration process within South American countries going on right now. It was recently approved for all members of Andean Community: Colombia, Ecuador, Perú, Bolivia and Chile (left Venezuela out because you know why). This allows citizens to be able to reside and work in any of those countries without a visa. About the others its still visa free to visit them. Many more initiatives are going on between Latin American countries.
Any input on the Dominican Republic?
Just think, for centuries humans migrated across this planet at will. Only limited by modes of transportation, necessity, desire and a few laws. Why do people in countries with representative forms of government have the need to control other people? We were poorer but more mobile under Monarchies.... well, except for the serfs and slaves but then what's the point of simply changing the shackle? It's some crazy abuse cycle going on.
"He doesn't even know how to do the right accent!"😂
Hey Andrew, do you know if there are any good Nomad Capitalist destinations where you can buy property with cryptocurrencies? Just asking for a friend...
more likely in silver.
Dude! I don't care who anybody said about your latin accent, as a latin myself, it was awesome!!
Lets get 1.234 citizenships and invest in all those countries and lets continue looking for happiness until we die!!!! Lets go for it!!!
Lol love the accent!
Don't go to Peru, period.
why not?
If you are on crypto, move to El Salvador!
Tax friendly in south america? Pro-freedom? Nope.
I am from there.
South américa , it depends on the country . Argentina for example no thanks.
Colombia is not a Tax Friendly country. The Top Tax Rate is 39% in Colombia. Foreigners not in Colombia more than 180 days are not Tax Residents and are exempt from paying Income Tax.
@The Taco Kawaii I am a United States Citizen. The United States is the only country that does Tax the citizens on worldwide income. My wife was born in Colombia and I could easily gain Residency in Colombia. I have discussed with my wife the tax situation and she was not happy about the fact nearly all my income would be going to income tax. The United States Government has the highest tax rate on those Self-employed that can be as high of 52% (39.6% Income Tax plus 12.4% Self Employment Tax) under President Biden's Tax Plan. Potentially an additional 39% Income Tax to Colombia meaning 91% of my income goes to taxes leaving me with only 9% of my income after taxes. California is proposing having a income tax on former residents as high as 9% meaning I could have to try to survive on no income. In that situation, I would be better off not even working especially if the Governments is going to get everything I earn in taxes. The high tax rate is the reason I am not planning to gain Residency in Colombia. I have been in Colombia since the Christmas celebrations and I will be leaving with my wife before my Colombia Tourist Stamp expire.
What about living in Brazil with a remote job based in USA🤔
@@latinamericapreparedness2479 remember. Colombia can only tax you on what is earned in Colombia
Should you go Dirty South?
Hey nc
LMAO on your imitations, you should do comedy too
I'm in the country illegally and I get everything for free
Shouldn't this video be called "Should I Get Second Residence in Mexico, Central America or South America? Why not Latin American, Latin America doesn't include all countries south of Mexico. There are countries that are in the South America and Central America that are NOT latin like Belize and many more......
Latin America is generally considered to be Mexico to El Cono Sur. Even the Caribbean, Belize, Guyana and Surinam are lumped in.
@@michaelreid8857 Not true pal! Latin comes from the latin language which is the origen of Spanish, portuguese, etc. So Belize's official language is English and other countries so please inform yourselve
@@fourthdeconstruction it should be noted then that about 40% of all the people in Belize are Hispanic!
Also I am speaking of the common classification, of the geographical area, these countries are classified as! Not the languages spoken.
@@michaelreid8857 Your argument is weak. it is like saying that the united states is also Latin because 30% of its population is hispanic. Also, i have family in Belize even when they are mixed race (EUropean and native people) their first language is English and they don't speak Spanish. Latin is not a race!
@@fourthdeconstruction no Latin is an ethnicity. That’s why you have Latins of all different Colours.
Even in Canada the Québécois are considered Latin. However Quebec is not considered part of Latin America.
Seems my argument is getting a bit stronger, when again I state. Generally, Latin America is geographically Mexico South.
The best place to move now is Afghanistan !
afghanis can be found sleeping on footpaths of other countries as a refugee
Need to show some clout
The new Eddie Murphy
ROFL!
I am not interested in Latin America.
Thats great. One less to come here!
How much gold can I physically carry with me well flying in to colombia? Is it better to bring 100 dollar bills ?
I love the imitation of a Latin bureaucrat voice and attitude.