Form 8833: How to Claim Income Tax Treaty Benefits

Form 8833: How to Claim Income Tax Treaty Benefits

FSay you’re a six- or seven-figure US-based entrepreneur who’s recently brought their business abroad. You find yourself traveling weeks at a time to tend to those businesses, and in the past couple of years, you’ve traveled so many days that you’ve ended...
15 Countries with No Income Taxes

15 Countries with No Income Taxes

Dateline: Manama, Bahrain At Nomad Capitalist, our motto is simple: go where you’re treated best. But where do you find that place? Part of going where you’re treated best is up to personal preference. You may enjoy living in big cities like I do, or you may never...
The 4 Income Tax Systems Around the World

The 4 Income Tax Systems Around the World

Dateline: Kuala Lumpur, Malaysia Why are Nomad Capitalists more likely to renounce US citizenship than UK citizenship? Both passports come with similar benefits and “baggage”, if you will. Neither has the absolute best global reputation, but they’re...
Four ways to legally avoid paying US income tax

Four ways to legally avoid paying US income tax

Dateline: Kotor, Montenegro Today we’re just going to jump right in. You’ve come for my best advice, and that’s what you’re going to get. So here it is, the four ways you can legally avoid paying US income tax: 1. Move outside of the United States One of the fastest...
Changes to Canadian overseas income tax exemptions

Changes to Canadian overseas income tax exemptions

Dateline: Budva, Montenegro Canada is one of the most popular countries for immigration. In light of a possible Trump presidency, more and more people are threatening to leave the US for Canada. Still, there are also over 1.5 million Canadians living and working...
21 countries that have lowered income tax rates

21 countries that have lowered income tax rates

Dateline: Tbilisi, Georgia There is an argument in the United States that the Left just can’t resist making when it comes to justifying tax hikes: “We’re the only industrialized nation with taxes this low.” In fact, any time they can argue that we’re the only...
The five best island countries with no income tax

The five best island countries with no income tax

Looking for total tax freedom and a taste of island life to go with it? These island nations not only provide gorgeous scenery; they’re perfectly happy to let you earn all the money you want without dipping their hand in the pot. The tax policy is as laid back...
Imagine paying 100% tax rates on your income

Imagine paying 100% tax rates on your income

Dateline: Kuala Lumpur, Malaysia Imagine if you worked an entire day, an entire week, or even an entire year… and had every dime of your salary taken away, or every penny of your business income confiscated. Imagine 100% tax rates on your income. As capitalists,...
What is GILTI Tax and How Can You Reduce It?

What is GILTI Tax and How Can You Reduce It?

Dateline: Bogota, Colombia Tax reform in the United States is a dangerous business. Before the highly anticipated “Trump Tax Reform” was finalized in 2017, there was talk of abandoning citizenship-based taxation and adopting the same residence-based system of taxation...
How to Minimize Real Estate Taxes as a Nomad

How to Minimize Real Estate Taxes as a Nomad

Dateline: Belgrade, Serbia How do you minimize your real estate taxes as a Nomad Capitalist? I was recently asked this by someone commenting on our YouTube channel and thought it was a good question worth addressing. The person who wrote to us was specifically...