What is Tax Residence and Why Does it Matter?

What is Tax Residence and Why Does it Matter?

Dateline: Kuala Lumpur, Malaysia When we help our clients create an offshore strategy for their Nomad Capitalist lifestyle, I find that there are many people who have a hard time telling the difference between a residence permit – a second residence – and their actual...
Why Having A Golden Visa Won’t Lower Your Tax Bill

Why Having A Golden Visa Won’t Lower Your Tax Bill

We often talk about people’s confusion regarding the difference between a temporary residence, a permanent residence, and citizenship. Someone even left a comment about Golden Visas and how you can use a Golden Visa to reduce your taxes. Although, the latter claim...
IRS Tax Relief for Expats Impacted by COVID-19

IRS Tax Relief for Expats Impacted by COVID-19

Dateline: Merida, Mexico The coronavirus pandemic has limited travel in many areas of the world and by doing so has changed the plans of many expats. If your global tax plan was impacted by COVID-19 in 2020, you may still qualify for tax benefits such as the 2020...
The Alarming Rise of the American Wealth Tax

The Alarming Rise of the American Wealth Tax

Dateline: Bogota, Colombia Over the last century, many countries have tried taxing the wealthy at higher rates. More recently, there’s been a lot of buzz about a global wealth tax. The virus has put a lot of countries in extreme debt, pushing the issue of taxing the...
4 Panama Tax Haven Myths and Misconceptions

4 Panama Tax Haven Myths and Misconceptions

Dateline: Bogota, Colombia Panama as an offshore jurisdiction has been front and center in recent years as a result of the now-infamous Panama Papers leaks. With all the attention Panama is getting, there’s bound to be some rumors and fiction spread around. But let’s...
UAE Residence by Investment: the Ultimate Guide

UAE Residence by Investment: the Ultimate Guide

As a country with significantly more expats (80% of the population) than natives (12%) and a burgeoning population in an arid desert climate, unique is probably the word that best describes the United Arab Emirates (UAE).  It most definitely is a country that has...
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...