Countries with No Currency Reporting Requirements
Dateline: Cancun, Mexico The fifteen minute flight from nearby Cozumel was quite the exercise in freedom. My group of friends and I had the plane to ourselves and it proved to be a totally freeing experience. On board, the crew couldn’t care less if we fastened our...
What is the Common Reporting Standard (CRS) for Banking?
Dateline: Kuala Lumpur, Malaysia Over the past decade, the world of offshore banking has changed for good. In the past, most people viewed offshore banking as a way for the ultra-wealthy to hide their money in secretive vaults in order to evade taxes, and that...
Obligations of US Citizens: 7 Requirements for Being American
Dateline: Tbilisi, Georgia Much of what we do here at Nomad Capitalist focuses on what a second passport or residence can do for you. What freedoms will that new citizenship give you? Will your new residence permit give you more travel options? Which second passport...
Six Lump Sum Tax Countries to Lower Your Tax Rate
Dateline: Kuala Lumpur, Malaysia There are many ways to legally reduce both your personal and business tax rates by going offshore. You could move to a zero-tax country like the United Arab Emirates, Monaco, or Vanuatu. Or you could structure your business to save tax...
Offshore Trusts: The Ultimate Guide
Dateline: Bogota, Colombia A friend of mine received a postcard in the mail the other day. It didn’t come with a beautiful picture of the beach or a panoramic view of a bustling city skyline. No, much to their disappointment, this postcard was covered from front to...
The Nomad Baby Steps
Dateline: Yerevan, Armenia I think a lot of people have a fear of failure. But, what we know as entrepreneurs is that there really isn’t such a thing as failure. Everything, whether it helps you directly accomplish your goal or not, is just a learning experience on...
What are Bearer Shares? The Ultimate Guide
Dateline: Tbilisi, Georgia Have you ever heard of bearer shares? If you have been trolling around the depths of offshore forums and blogs, chances are that you’ve probably heard somebody talking about them. Bearer shares are, in a sense, the loch ness monster of the...
Form 8865: Tax Returns for Foreign Partnerships
As readers of this site know, the United States taxes its citizens (including expats who live and work abroad) and legal permanent residents (LPRs) on their worldwide income. No matter where in the world your income is derived, the US government wants its piece, and...
Will the FATCA Filing Requirement Ever Be Repealed?
Dateline: Tivat, Montenegro In recent years, I’ve worked with a number of people who have already renounced, want to renounce, or plan to renounce their US citizenship – particularly since I did so myself. What’s interesting about former US citizens...
A List of the Best Offshore Private Vaults
Dateline: Singapore I’ve been fascinated with the concept of offshore private vaults and safe deposit boxes for years. Basically, a private vault is an alternative to a bank safe deposit box. Some vaults are ultra-high-security refuges fit for James Bond while...