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Why Kongo Gumi Failed
Our founder, Andrew Henderson, is a big fan of Dave Ramsey's book EntreLeadership. It is a guide to building and leading successful businesses based on simple entrepreneurial principles, one of which is the importance of having no debt. In this article, we...
Woke Culture: Why Zuby Got Suspended on Twitter
The British rapper has experienced firsthand the benefits and freedoms that come with being a global economic citizen, proving that where you are born is not necessarily the best place for you. Book your tickets now so you don't miss the last chance to experience...
What To Learn From DeSantis Vs. Disney
It looks like the DeSantis Vs. Disney saga might well be finally drawing to a close. Disney has taken Ron DeSantis to court. The Florida governor and presidential hopeful can now look forward to fighting a two-front battle against Mickey Mouse and Donald Trump. So if...
How to Obtain French Citizenship by Descent
Can you imagine anything more romantic than sipping champagne at the Eiffel Tower in Paris, the world capital of high fashion, fine art and delectable cuisine? Have you always admired the nonchalant attitude of the French and their carefree way of life? Would you like...
How to Get Irish Citizenship by Descent from Grandparents
The Irish have a well-earned reputation for being some of the friendliest people in the world. But that's far from being their only strength because, when it comes to the kind of offshore strategies we discuss at Nomad Capitalist, Ireland ticks a lot of boxes. With...
8 Most Livable Places in Southeast Asia in 2024
Southeast Asia is often one of the first places people try when they start their nomadic lifestyle. It’s cheap, it’s warm, it’s easy to get to and it’s a lot of fun. But people usually fail to consider that it’s more than just a short-term place to go on holiday to....
Double a Penny for 30 days… Now Pay Taxes
If your finances are in dire need of rescue, then investing in foreign real estate or creating an international Certificates of Deposit (CD) ladder is probably not your biggest concern right now. But even if your business is making a million dollars and your...
How to Get Cayman Islands Residency and Pay Zero Tax
Choosing where you want to live is undoubtedly one of the most essential parts of your tax, business and lifestyle strategy. If your goal is to minimise or even eliminate your tax burden, few places compare to the Cayman Islands. As a renowned tax haven, the...
15 Easy Second Residency Programs Anyone Can Get
Of everything that we publish here at Nomad Capitalist, and we create lots of content given the scope of our international reach, the most popular articles are those that deal with getting an easy second residency. Whether it’s citizenship-by-investment programs or...
16 Countries with No Income Taxes
At Nomad Capitalist, our motto is simple: Go Where You’re Treated Best. But finding that place can be complicated, so a major part of going where you’re treated best is choosing the places that suit your personal preferences. You may enjoy the hustle and bustle...
Back to the Gold Standard: Will there be a Gold Backed Currency?
Dateline: Dubai, United Arab Emirates Several years ago, nearby Abu Dhabi installed one of the world's first gold ATMs, allowing customers to withdraw fiat currency in term of everything from one-gram gold nuggets to larger gold bars. The media has often been aflutter...
7 Non-CRS Countries For Banking Privacy in 2024
Where do you pay your taxes? From banks to brokerage accounts, being asked where you’re a tax resident is now a common question. This follows years of banks asking, ‘Are you a US citizen or permanent resident?’ to ensure you both comply with the Foreign Account Tax...
Highest Global Interest Rates at Offshore Banks in 2024
In today's yield-starved environment, finding any kind of return for your cash on hand has become increasingly difficult. Depositing your money in banks with developed markets, such as those denominated in US dollars, euros or British pounds, might seem a stable...
Europe’s Golden Visas: 5 Highly Pursued EU Residence Programs
Residence by investment (RBI) goes by many names, including the golden visa and the investor program. Regardless of what you want to call it, one thing is true: the immigration investment industry has seen many changes in Europe. Portugal’s Golden Visa...
The Largest Value Banknotes in the World
Even if you appreciate the value of holding cash, you probably don't like the idea of carrying around a brick of currency worth a few hundred bucks. In that case, you will appreciate a list of the largest banknotes in circulation. It makes for interesting...
The 14 Easiest and Cheapest Second Residencies in the EU
We have a friend, Tim. He’s originally from the United Kingdom but had just completed his PhD in the Netherlands. While there, he met his girlfriend of two years, who is originally from Taiwan. On her residence card, she is registered as a member of the family of a...
17 Countries with the Highest Tax Rates in The World in 2024
Taxation stirs global debate like little else. In some nations, taxes are little more than a whisper while, in others, they roar, with the local Internal Revenue Service claiming up to half of your income. The choice of where to plant your fiscal roots can dictate...
12 European Countries with the Lowest Taxes: 2024 Tax Guide
Ever dreamed of living in Europe? You're not alone. The problem is that the continent's traditionally high tax rates have turned many successful entrepreneurs and investors away from Europe, forcing them to explore zero-tax options in the Caribbean, the Middle East or...
30 E-Visa Countries to Visit: The 2024 Ultimate Guide
The world might not be enough, but it's enough to be getting on with. It's big, exciting and ever-changing so, in response, at Nomad Capitalist we annually update our list of countries that allow dual citizenship and those that don't. One thing, however, tends to stay...
The 5 Best Countries for Judicial Independence and Rule of Law
How important is judicial independence and the rule of law? What makes a nation truly just and free in a way that protects its citizens and ensures an equal distribution of power? In advocating for more fair and just societies, these questions are exactly what...
How to Not Pay Taxes: Four Legal Ways to Not Pay US Income Tax
Why do people pay so much tax in the US? How do citizens and businesses stay in the game in the face of the government taking such a hefty slice of the pie? The answer is that they look for legal ways to reduce their tax burden. Yet, US citizens still have to...
The five richest countries in the world
Dateline: Tbilisi, Georgia When defining the world’s richest countries, people tend to look at the strength of the respective economies in terms of Gross Domestic Product, or GDP. However, most economists nowadays take into account the purchasing power parity (PPP) of...
Your Guide to Tax in Portugal for Expats
Although Portugal has ended its NHR program, the country can still be a relatively tax-friendly destination for foreigners. Here’s what you need to know about tax in Portugal for expats. How long has it been since you last visited Portugal? If it’s been more...
Get a Second Residence and Pay No Tax in 25 Tax-Free Countries
Having a second citizenship is an important part of international diversification, but having a backup passport alone does not reduce your tax obligations if that’s your goal. US citizens can have as many passports as they want (we know one guy who has eight), but...
The Fastest Countries in the World to Become a Citizen
On our YouTube channel, the most commonly asked question by far is, "Where can I go to get a second passport quickly?" Quite a lot has changed since we started writing articles on this topic...
How to Get Brazilian Citizenship by Marriage or Residence by Investment
Picture this: a gateway to the rhythmic beats of samba, the rich, sprawling interior of the Amazon and an open invitation to roam across the lush landscapes of South America. No, you’re not dreaming – this is a real opportunity that comes with Brazilian...
Citizenship by Marriage: 14 Passports to Get by Marrying a Foreigner
Like it or not, it’s often assumed that when someone from an emerging country marries a US person – or Westerner in general – part of the motivation is that they're seeking better life opportunities. Now, it’s not our job to debate the merits of such assumptions,...
Countries With no Property Taxes Where You REALLY Own Your Home
When in 1848, influential thinker John Stuart Mill said,’ landlords grow rich in their sleep, without working, risking or economising’, he did so as a critique of profits he felt should belong to the community and not the individual. Here at Nomad Capitalist, we...
10 Countries with the Safest Offshore Banks
If you’re new to the world of offshore banking, you may understandably be concerned about bank safety. After all, many people, influenced by false media reports, believe that there's a risk their money can simply vanish if they move it overseas. You may...
Which Countries Allow Dual Citizenship in 2024?
Obtaining a second citizenship is an important step in internationalizing your life so that no one country can control your freedom or your wealth. And here at Nomad Capitalist, we help people like you do just that. But having a second passport isn’t ideal if you have...
8 Expat-Friendly Countries with No Capital Gains Taxes
If there's a number one rule at Nomad Capitalist, it's that everyone should go where they are treated best. That conviction and how to find legal ways to help people achieve is what makes us get out of bed in the morning. Our teams travel the world looking for places...
How to Get South Korean Residence and Citizenship
Last Updated: April 26th, 2022 Dateline: Seoul, South Korea Which is the best Asian citizenship in the world? While we don’t talk about South Korea a lot, South Korean citizenship is one you may want to consider. South Korea, while a bit of a mystery to...
Why Non-Extradition Countries Won’t Save You
Thinking about moving your business or assets offshore? Then, it's wise to first get your head around the tangled web of international law, especially extradition. But even before you immerse yourself in that, take note that no matter how far you go, you can't...
Why Establish an Offshore Company in Hong Kong?
With its unique position to offer connectivity between mainland China and the rest of the world, Hong Kong could well be described as a natural choice for companies to establish an Asian base. Ranked in fourth place globally for its ease of doing business by the...
Offshore Tax Strategy: Go Where You’re Treated Best
On the subject of giving advice, perhaps the American poet and civil rights activist Maya Angelou put it best: “Do the best you can until you know better. Then, when you know better, do better.” Wise words to remind all of us that we’re still trying to work out what...
Why Open an Offshore Company in the Bahamas?
Like many island nations in the West Atlantic Ocean, the Bahamas is known for its pristine white sand beaches, turquoise waters, and barrier reefs. Nothing new there. What is less well-known is that the Bahamas also offers a zero-tax regime, making it an ideal...
Why Incorporate a British Virgin Islands (BVI) Company?
The Virgin Islands, commonly referred to as the British Virgin Islands (BVI), is a British Overseas Territory consisting of four larger islands to the east of Puerto Rico in the Caribbean. The islands were named by Christopher Columbus after the legend of Saint...
Zero-Tax Countries: Where to Move to in 2024
Whether you’re a digital nomad, a crypto investor, a successful entrepreneur or just plain old wealthy, there are plenty of reasons to reach for your suitcase in 2024. While it’s true that travel broadens the mind, it’s no less accurate that being prepared to...
9 Best Jurisdictions for Company Incorporation in 2024
When it comes to protecting and growing your wealth, structuring companies in the most efficient way possible from a tax and legal viewpoint is essential. When doing this, it pays to approach the problem globally and think outside the box. That doesn’t mean you...
Best 6 EU-Based Digital Nomad Visas for 2024
It’s not easy to type out an important email with sunlight glaring against your laptop screen or sand clogging your keyboard. So, when the idea of being a digital nomad and living the digital nomad lifestyle began to emerge as a kind of blend between work and...
Best European Countries to Start a Business in 2024
Many entrepreneurs who realise they can run their business from anywhere in the world are looking to countries with low or no taxes and a business-friendly environment. Their shared objective is as simple as it is elusive – to keep more of their money to reinvest,...
Easiest EU Bank Account to Open and Manage
With the world becoming more unpredictable, having assets in more than one country is not only legal but also a reasonable measure to protect your hard-earned cash via higher interest rates and currency diversification. However, the EU has stringent AML (anti-money...
Benefits of Offshore Gold Storage
So if you have been keeping up with the latest economic news and read our latest articles on gold, including the Ultimate Guide to Gold Coins and 10 Tips for Buying Gold in 2023, you are now no doubt well-informed on the benefits of investing in precious metals. ...
Best Countries for Offshore Companies in 2024: The Ultimate Guide
From lowering your taxes, growing your business faster, protecting your assets from litigation, gaining access to new markets, new investment opportunities and estate planning, there are many benefits of offshore company formation. But is it legal? That’s a...
Banking in the UK: The Ultimate Guide 2024
In our ultimate guide to banking in the UK, we look at the different types of banks in Britain. You will learn what the biggest banks in the UK are, including the top three "high street banks," and what you need to open a bank account. Finally, because there are...
Setting Up a Company in the UAE: The Ultimate Guide 2024
The United Arab Emirates (UAE) is among the world’s fastest-growing business destinations. With its strategic location and strong government support, the UAE has attracted entrepreneurs from across the world by making business easy to conduct and providing...
Banking in UAE: The Ultimate Guide 2024
This article looks at banking in the UAE. We start with an overview of the country, its economy, and its banking sector. We then look at the different types of banks in the UAE, as well as some of the more prominent local and foreign banks in the country. You will...
Banking in St. Kitts and Nevis: The Ultimate Guide 2024
This article looks at banking in St. Kitts and Nevis, a popular offshore destination in the East Caribbean region. We look at the country, its banking system, the types of accounts available and the documents you need to open one. St. Kitts and Nevis is a popular...
Establishing a Singapore Tax Residence: The Ultimate Guide
Singapore is a small island nation just south of the Malay peninsula. It’s a place of eternal spring, without snow or cold weather, thanks to its place at the equator. It comprises 64 islands, with Pulau Ujong being the largest. Singapore has a lot to offer foreign...
Banking in Seychelles: The Ultimate Guide 2024
This article looks at the Seychellen banking system, the benefits and drawbacks of the jurisdiction, and what you need to know before deciding to open an offshore bank account there. This country has had something of a bumpy road as an offshore jurisdiction. Although...
Banking in Puerto Rico in 2024: The Ultimate Guide
This article looks at banking in Puerto Rico, the different banks available, how to set up an account, plus the benefits of doing so. Choosing Puerto Rico as an offshore jurisdiction offers a range of benefits, including tax incentives, which make it well worth...
Banking in Portugal: The Ultimate Guide 2024
Thinking of setting up a bank account in Portugal? It’s a rite of passage for any expat moving to the Iberian country and one that often causes the biggest headaches. Banking in Portugal is, after all, more than just a necessity; it's your gateway to...
Starting a Business in Madeira: The Ultimate Guide
Starting a business in Madeira may not be the first choice for many entrepreneurs. However, some of the benefits on this Portuguese island might make you pause for thought. Namely, as the Portuguese jurisdiction jostles for investment in an already crowded market, it...
Why Set Up a Panamanian Trust: The Ultimate Guide 2024
In this article, we will take a closer look at Panama, the benefits of setting up a Panamanian Trust, and what requirements you must meet. If going offshore is the direction you want to take, Panama remains a fascinating destination. Our nuts and bolts guide shows you...
Starting a Business in Macedonia: The Ultimate Guide
This article looks at company formation in North Macedonia, the business environment in the country, the types of companies you can form, the one type we recommend to clients, the process involved as well as the benefits you receive. North Macedonia is a low-tax...
Banking in Montenegro: The Ultimate Guide
In this article, we look at Montenegro, its economy, its banking system and the different banks operating in the country. We also provide details on how to set up a bank account in Montenegro and answer some common questions related to its banking industry. Montenegro...
Banking in Mauritius: The Ultimate Guide
In this article on banking in Mauritius we look at some of the benefits of opening a bank account in Mauritius, how to set up an account and what documentation you need to bring. We'll also look at some of the banks available in the country and what's on offer and see...
How to Get Mauritius Residence: The Ultimate Guide
In this article, we look at Mauritius Residence, the different types of permits available to foreign nationals, and the steps involved in obtaining a permanent residence permit in Mauritius. Mauritius offers a special hybrid residence and work permit known as an...
The Marshall Islands Business Corporations Act in 2023: The Ultimate Guide
This article discusses the Marshall Islands Business Corporations Act and how it can benefit you. It will also help you decide whether Marshall Islands company formation suits your needs. The offshore jurisdiction of the Marshall Islands is world-renowned for its low...
How to Set Up a Luxembourg Trust in 2024: The Ultimate Guide
This ultimate guide will discuss how to set up a Luxembourg trust. We'll also take an in-depth look into the benefits of a Luxembourg trust. A Luxembourg trust is an excellent asset protection tool for individuals who don't trust or want to associate themselves with...
Banking in Luxembourg: The Ultimate Guide
In this article, we take a detailed look at banking in Luxembourg. What about this small European nation that has made it a banking powerhouse? And how can it benefit you? To find out why we first take a look at Luxembourg, its economy, and its financial sector. We...
How to Start an Offshore Company in Ireland
This article discusses what's involved in setting up an offshore company in Ireland, why Ireland's such a popular jurisdiction for company formation and how to take advantage of the country's favorable tax laws and skilled, English-speaking workforce. Using offshore...
Banking in Georgia: Ultimate Guide about Georgian Banks
One of the best ways to protect your assets, expand your investment opportunities, and lower your taxes is to go offshore. Offshore trusts and banks are some of the best financial vehicles to protect your estate from hefty taxes and potential future litigations....
Lower Your Taxes by Moving to Costa Rica: The Ultimate Guide
What comes to your mind when you think of Costa Rica? Beautiful images of volcanoes, rainforests, and suspending bridges, or perhaps you know the country for entirely different reasons, like its friendly tax policies or private lifestyle options. Maybe you want to...
How to Set Up an Offshore Cook Islands Trust in 2024: The Ultimate Guide
In the heart of the South Pacific, the Cook Islands emerges as a breathtaking blend of natural beauty, rich history and strategic allure for the investor migration industry. Lying south of the Equator and west of Tahiti, this independent nation of 15 islands has...
British Virgin Islands Incorporation and BVI Banking: the Ultimate Guide
A perfect blend of charm, culture and beauty, there are almost 60 isles in the scattered constellation that makes up the British Virgin Islands (BVI). To the north lies Anegada with its serene beaches, while the beating heart of the BVI heart is Tortola, where the...
How to Set Up a Company in Bulgaria: The Ultimate Guide
This article will explore the step-by-step process of setting up a company in Bulgaria, showing how this stunning Balkan country can revolutionize your financial and personal growth. By the end of this article, you'll understand the requirements, processes, and...
Bahamas Trust: Benefits, Types, and How to Set One Up
What comes to mind when you think of the Bahamas? Beautiful beaches and clear waters? Undoubtedly, the Bahamas has some of the world's most scenic locations, but the country has established its supremacy worldwide in one other industry - financial services. The...
How to Set Up a Company in Barbados: The Ultimate Guide 2024
Is it your dream to set up a company in Barbados in 2023? Going offshore is a great tactic that allows you to choose your tax rate and maximize tax savings. Establishing a legal entity in Barbados gives you excellent tax relief. The island's business climate is...
Banking in the Bahamas: The Ultimate Guide
The beautiful tropical destination of the Bahamas is known for many things. Want to open a bank account? Need to lower your taxes? Interested in starting an offshore business? The Bahamas offers all that and more. With 700 islands, the most pristine waters, and...
Banking in Andorra: The Ultimate Guide
This article looks in-depth at Andorran banking and the Andorran financial system in general. We look at the different banks in Andorra, both public and private, with details on how to set up a bank account in Andorra, even if you are a non-resident, and how the...
Why You Should Start a Business in Montenegro
This article discusses why you should start a business in Montenegro, its benefits and requirements, and which Montenegrin business structures are most popular with foreigners. Montenegro is one of the most underrated countries in Eastern Europe. It has everything...
Starting a Business in the Cook Islands: The Ultimate Guide 2024
Would you like to start a business in the Cook Islands? Going offshore is one of the best asset protection tools at your disposal. Our in-depth guide gives you the lowdown on starting an offshore company in the Cook Islands. By establishing a Cook Islands limited...
How to Set Up an Offshore Company in Andorra
There are many compelling reasons why you might want to set up a company in Andorra. If you're looking for a European base with an investor-friendly tax system, you may already have a list of potential locations in mind. With corporate and personal income tax rates of...
How to Set Up an Offshore Trust in St. Kitts and Nevis
Breaking News: St Kitts and Nevis Raises Minimum Investment for Citizenship-by-Investment Program St Kitts and Nevis has signed up to a new deal that’s set to shake up the Caribbean Citizenship-by-Investment (CBI) scene. Along with Grenada, Antigua & Barbuda and...
How to Set Up a Company in Cyprus: The Ultimate Guide
We know you have so many questions about starting a company in Cyprus. They, no doubt, range from the basic: Can a foreigner open a company in Cyprus? This ultimate guide will provide all the answers about tax planning purposes and so much more. Our responses may give...
Banking in Dominica: The Ultimate Guide
Lush mountains, a verdant rainforest populated by hummingbirds and parrots, and white sand beaches, Dominica ticks all the boxes when it comes to picturing an offshore banking hotspot. Out of all the 25 Caribbean countries, Dominica is an island that has shown sizable...
The Best Law Firm in Tbilisi, Georgia
Dateline: Tbilisi, Georgia It's been almost a decade since my first visit to Georgia. I quickly realized there was a lot of potential in such a business-friendly country, and I was eager to meet people to help me unlock it. Today, I'm going to introduce you to my best...
El Salvador-China Relations: Free Trade in a Falling Economy
El Salvador is a small and, by most means, the unremarkable country in Central America. It's not a popular retirement destination like Costa Rica neither is it economically successful like Panama. Most people know the Republic of El Salvador for one thing - crypto...
How to Open a Gibraltar Offshore Company
Opening an offshore company is a great tool that should be part of every wealthy person's repertoire. And if you're a six- or seven-figure entrepreneur, the amount you can save from offshoring your business is likely in the millions. If it's your first time hearing...
Five Places for Affordable Caribbean Living
Who wouldn’t want to live by the beach, enjoying the sound of the waves crashing against the shores? Living in the Caribbean is alluring for pretty much everyone. Even if you’re a city dweller at heart, there comes a time in every person’s life when they want to...
The Best Countries to Retire In The World
Choosing any second residence or the best country to retire in can be very daunting. You can choose from thousands of locations as your next home, but where do you start? Here we have made it a little easier and give your our choices for the best...
How to Replace Medicare When Moving Overseas
One of the most common questions Americans ask when moving is how to replace Medicare abroad? In recent years, there has been an exponential increase in the number of entrepreneurs and investors moving abroad. This is partially due to business and investment...
5 Things I love about Tbilisi
There is no doubt that we love Georgia here at Nomad Capitalist. From its simple real estate investment market to its fantastic offshore banking. Not to mention it's low taxes. The country offers some of the most wanted amenities any entrepreneur or digital nomad...
Your IRA Retirement Account And Moving Overseas
The idea of looking at a qualified IRA Retirement Account only comes up once for most ordinary citizens. Although this is something that most people should look into. Not only that, but some people often extrapolate what we talk about here at Nomad Capitalist. They...
How to Achieve Overseas Connection – A Talk with Doug Casey
For most businesses and aspiring entrepreneurs, achieving more overseas connections is something they should be doing. That’s a no-brainer. During the most recent Nomad Capitalist Live, we had the privilege of having the original “international man,” Doug Casey, speak...
Three Entrepreneurial Steps Paving Your Offshore Success
What kind of entrepreneurial steps do you need to take to ensure that your business will flourish even though you’re going offshore? Here at Nomad Capitalist, we always talk about the benefits of growing your business even from scratch. Either you’re legally reducing...
Moving Overseas | The Best Destinations for the Super Rich
In the last few decades, there have been constant talks about moving overseas. However, this isn’t something that has always come to fruition. Even for the super rich, some have opted to remain in their birth countries. Though, there may have been countless countries...
Three Money Lessons to Consider When Going Offshore
Money lessons are important to learn, especially if you’re a new investor or entrepreneur. It’s something that most people need to learn at some point in their lives. For us, the lifestyle that Nomad Capitalist brought was all about how to get more, how to be more,...
Places to Live Under US$1,000 per Month
Dateline: Bogota, Colombia I recently gave some thought to the question: What would I do if I had to start over with nothing and only had US1,000 per month to live on as a nomad capitalist — where would I live and why? I like to think about this every once in a while,...
Banking in the Cayman Islands: the Ultimate Guide
When you think of offshore banking, the Cayman Islands is probably one of the first countries that come to mind. It’s what you typically see in the movies. However, the truth about banking in Cayman is far from what Hollywood portrays. It’s no longer a place for...
Are Offshore Banks Safe and Secure?
Dateline: Kuala Lumpur, Malaysia Are offshore banks safe? In short - generally, yes. Though this blanket statement would do little to relax you. I could also tell you that during the Great Recession, US Banks were merely the 40th safest in the world and they haven’t...
Why I Hate Risk and How I Avoid It
Dateline: Kuala Lumpur, Malaysia I hate risk. This statement might seem strange coming from me. People think I’m a traveling daredevil who has never had a ‘real’ job, who invests in dangerous markets and who is so flippant about what I already have that I...
How to Internationalize Your Life Amid Pandemic Panic
Dateline: Kuala Lumpur, Malaysia The world has been gripped by fear over the coronavirus, which has come out of nowhere to become the largest news story of 2020. So far, some 90,000 people have been diagnosed with the virus, and about 4% of those people have died....
Bank Offshore in the Cook Islands with CSB Bank
Guest Contributor: Gerard Field is the CEO of Capital Security Bank and has lived in the Cook Islands for the past two years. He is also a Director of the Financial Services Development Authority, a Cook Islands government organization tasked with promoting the island...
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...
Why I Hate Easy Taxes, Passports, and Banking
Dateline: Mexico City, Mexico Easy is a word that is used . . . well, too easily. From time to time I talk about how something I did was easy. For instance, I’ve talked before about how easy it is to open a bank account in Georgia. But I’ll be the first to admit that...
The Cheapest Offshore Companies to Incorporate
Last Updated July 25, 2020 Dateline: Tbilisi, Georgia Where’s the cheapest place to incorporate offshore? I’ll just tell you: Depending on a few variables, you are usually going to find that the cheapest place to incorporate is Belize. That’s your answer. It’s good to...
Form 8858: US Taxes on Foreign Disregarded Entities
As an expat or U.S. taxpayer who owns a foreign business or an interest in a foreign business (corporation, partnership or LLC), there are a number of forms that you must complete and file with your standard 1040F income tax return. These forms are typical...
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...
Form 3520: US Taxes on Gifts and Inheritances
You’ve probably heard the expression that the only two things certain in life are Death and Taxes. The United States’ Internal Revenue Service (the IRS) works very hard at making the second item in that short list true, especially for expats and US foreign...
FinCEN 114: Everything You Need to Know
If you are a citizen (resident or non-resident) of the United States, green card holder, or resident alien who has a financial interest in or signature authority over a foreign financial account or accounts whose combined value is $10,000 or more in any calendar year,...
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 is that very few...
How to Open a Bank Account in Malta
Dateline: Istanbul, Turkey In the world of offshore banking, the targets are constantly moving, so you must always be prepared to keep up with various destinations, tax legislation, and banking systems - especially when they can force you to switch up your offshore...
What is FATCA?: the Ultimate Guide
Dateline: Kuala Lumpur, Malaysia Just about a decade ago, US President Barack Obama signed FATCA – or the Foreign Account Tax Compliance Act – into law. FATCA marked the beginning of a new era of increased transparency in offshore banking that has effectively killed...
The Best Offshore Banks for 2024
When it comes to offshore banking, one of the most common questions that we get from readers is, 'What are the best offshore banks?' If you're a seven- or eight-figure entrepreneur or investor, finding the best offshore banking options can be tricky. That's because...
CFC Rules: Taxes on Controlled Foreign Corporations
Dateline: Kuala Lumpur, Malaysia In the world of business, we're taught to keep things as simple as possible, so we often think of concepts in the simplest possible terms. So, when we think of offshore companies, the first thought that might pop into our heads is "tax...
How to Open an Offshore Bank Account in Belize
Dateline: Kuala Lumpur, Malaysia An increasing number of people around the world have turned to offshore banking as a legal way to diversify and protect their assets while enhancing their ability to invest in foreign markets. The world of offshore banking, however,...
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 others...
Offshore Life Insurance: the Last “Tax Shelter” for US Citizens
Dateline: Kuala Lumpur, Malaysia When it comes to taxes, US citizens get a raw deal. Not only do they have to pay tax on their worldwide income, but they have to pay it regardless of whether or not they actually live there. Aside from a bit of foreign earned income...
1% Tax Rate in Europe: How to Start a Business in Romania
Last Updated August 2, 2021Dateline: Bucharest, Romania I can still remember the “Aha!” moment I had on my first visit to Bucharest years ago. I was sitting with a young woman at a cafe discussing her role in managing a digital marketing agency. She was confident,...
How to Open an Offshore Bank Account in Bermuda
Dateline: Kuala Lumpur, Malaysia For the past few years, I've advocated the idea that onshore is the new offshore, so you might be wondering why I decided to write about opening a bank account in Bermuda - a classic offshore destination. This philosophy, however, is...
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...
Why Remote Banking Isn’t Worth It in 2021
Dateline: Kuala Lumpur, Malaysia Whenever I post about offshore banking, my followers often ask me whether they can open an offshore bank account remotely. There's something about opening a bank account from the comfort of your living room that's just plain appealing....
Offshore Banking for People with Limited Money
Dateline: Kuala Lumpur, Malaysia In the world of offshore banking, there's plenty of misinformation floating around the internet. Just last week, we debunked the myth that US citizens can't open offshore accounts, so today, I want to address...
Can US Citizens Open Offshore Bank Accounts?
Dateline: Singapore When I started Nomad Capitalist, one of my primary goals was to counter some of the bad information out there on the internet about topics like opening offshore bank accounts and getting residency in other countries. See, after I decided to leave...
US FEIE: How the Bona Fide Residence Test Works
Last Updated August 14, 2020 Dateline: Kuala Lumpur, Malaysia If you're a US citizen looking to legally reduce your tax burden, chances are you've considered pursuing the Foreign Earned Income Exclusion. Since the US uses a system of citizenship-based taxation, US...
11 Reasons to Use an Offshore Company for Business
Despite what the media would have you believe, numerous legal and legitimate reasons exist to use an offshore company. In the past, those who dealt in offshore circles used fake names and fake stock photos as they sought to represent the arguments for the true value...
Mauritius Offshore Companies for Tax Reduction: An Introduction
Dateline: Tbilisi, Georgia ''Heaven was copied after Mauritius.''Mark Twain One of the most satisfying realizations I have made over the years living, doing business, and investing abroad is that the freedom and financial success I have achieved is part of a mutually...
Where to incorporate your Amazon FBA business to reduce taxes
Dateline: Kotor, Montenegro Lots of entrepreneurs with fast-growing e-commerce businesses want to know “Where do Amazon FBA sellers and Shopify store owners set up their corporation to do business?” Generally, this differs from person to person. For one thing, it...
How to Open a Bank Account in Mongolia
Dateline: Ulaanbaatar, Mongolia My arrival to Ulaanbaatar was a rather surreal experience. Upon clearing immigration with a different passport than I expected to use, I got in a taxi with one of the nicest and most patient drivers I’ve ever found at any airport. We...
When you should incorporate your new business
Dateline: Ulaanbaatar, Mongolia Due to money issues, many people like to run their business with themselves as the sole proprietor for as long as they can. They bootstrap their company because they do not have a lot of money and are trying to avoid the financial costs...
How to Open Offshore Accounts and Start Banking Remotely
Dateline: Tbilisi, Georgia I know that a lot of people are using Google to search for the best way to open offshore accounts and are looking for information about how to do all their offshore banking without having to leave the comfort of their couch. I actually think...
Factoring Business Costs: Understanding Social Security Taxes by Country
Just a couple of weeks ago, we talked about how seniors can still receive their Social Security benefits while living overseas. After all, those who’ve paid into the system their whole life should enjoy the benefits in retirement, no matter where they choose to live....
A New World Requires New Tools and Services
Dateline: Oslo, Norway + Budapest, Hungary I’m starting this article at the airport in Oslo, Norway. I’ll finish and send it from a hotel room in Budapest, Hungary. Thirty years ago, based on that information, you might have guessed I was an executive with a big oil...
The coming offshore tax haven blacklist
Dateline: Valencia, Spain Shortly following the release of the Panama Papers, I saw an article discussing the response of many leaders in the EU to the historic data leak. The finance ministers in Britain, France, Germany, Italy and Spain declared their intent to...
7 Reasons to Set Up an Offshore Company in Tbilisi, Georgia
Guest Contributor: Jon Erikson is a writer based in Tbilisi, Georgia. His experience consists of consulting for clients in the public and private sectors. Dateline: Tbilisi, Georgia If you visit this site regularly, you know that we can’t find enough good things to...
Will Hillary or Trump repeal FATCA… or make it worse?
Dateline: Tbilisi, Georgia I’m not a fan of the idea of Donald Trump becoming president; and it’s not often you will hear me defend anything he says, but today I am going to do just that. You see, President Obama recently commented on Trump’s plan to build a wall...
Offshore Case Studies: Helping Cameron find the path offshore
Dateline: Tbilisi, Georgia One of the best ways to envision your life offshore and the steps you need to take to get yourself there is to see how other people have done it. No doubt, you can learn quite a bit from my personal experiences, but I’m just one person. So...
The end of offshore tax havens?
Dateline: Tbilisi, Georgia Bernie Sanders and Donald Trump have more in common than you would expect. For one, the success of both candidates thus far is largely fueled by the widespread discontent of the American people with the establishment. Both are what you could...
The Panama Papers: What the news media won’t tell you
Dateline: Tbilisi, Georgia I don't often comment on news stories, and even more rarely so quickly, precisely because I'm not a news reporter. I study long-term trends, whereas the news comes and goes with every 24-hour news cycle. One of those trends is that the world...
Five offshore myths to be careful of (Hint: “cheapest offshore” is bad)
Dateline: Hong Kong Two persistent myths surrounding offshore strategies are that they are either illegal or that they are for the rich. As we frequently discuss, this is not the case, but old myths die hard. The government-friendly, tax-loving western media certainly...
Malta’s Global Residence Program: The Ultimate Guide
If you've ever dreamed of immersing yourself in the heart of the Mediterranean while enjoying the perks of living in a vibrant, English-speaking community, Malta could be your perfect match. Known for its intriguing history, warm climate, beaches, architecture...
The Person with the Most Citizenships in the World
Do you yearn for a borderless existence? It’s what drives us at Nomad Capitalist. As a boutique firm on a mission to redefine borders for high-net-worth individuals, the notion of holding multiple citizenships has captured our imagination for years – it’s our...
10 Best Countries to Raise a Family
Moving abroad with your family is an entirely different experience to travelling solo. There are so many extra considerations when your family is involved: factors like safety and education systems often outweigh the appeal of elements like an exotic island or a...
How to Leave America Forever
What do Elizabeth Taylor, Yul Brynner, TS Eliot and Tina Turner have in common? They all left the United States of America. No, they didn't just jump on a plane and jet off on holiday – they left it for good by renouncing their citizenship and claiming a more...
Cost to Renounce US Citizenship
For the better part of a century, we've been told that taxes are the price we pay for living in ‘civilisation’. Governments, from France to the United States, have long bought influence by offering freebies to the middle class. Yet, there's one service that's...
How Many Millionaires Are There in the World?
Millionaires are all around us. Honestly, it might not seem like it, but in today's world, you either are one or are surrounded by them. In fact, their actual number might surprise you. The vast network of wealth stretches across continents as millions of millionaires...
What is the World Passport and How to Get One
Globalisation has undoubtedly blurred borders and redefined how nations and their citizens live and work together. However, it remains an unfortunate fact that borders still define our movements. Perhaps that's why so many people seem to be interested in the...
Living in Portugal Versus the USA
If you’re a high-net-worth individual (HNWI), chances are you regularly reevaluate which countries are best positioned to address your key needs of wealth preservation, global mobility and lifestyle. After all, those qualities are critical for HNWIs looking to...
UK Visa Types to Live in Britain
Many people look to Britain for its high standard of living, stability and world-class education system, while others are drawn to famous cities like Edinburgh, Manchester, Liverpool and, of course, London, one of the world's most diverse and truly great...
Ireland Entrepreneur Visa: The Ultimate Guide
Ireland may be a small country, but its economic performance certainly stands out. The Emerald Isle punches well above its weight as one of Europe’s wealthiest nations by per capita GDP. This is largely due to the country’s business-friendly environment –...
How Many Billionaires Are There and Where Do They Live?
How many people worldwide have had the good fortune [pun absolutely intended] of joining the billionaire’s club? More than you might think, actually. It’s well into the thousands, which means quite a few people are cruising around with ten figures and upwards in their...
Best Places to Retire in Asia
Asia is a continent of contrasts. From one corner of the continent to the other, you'll find hundreds, if not thousands, of unique cultures, landscapes and lifestyles that might prompt you to stop and wonder, 'This is great… could I live here?' While the sheer variety...
The Best Places to Retire in Greece
Healthy, fresh cuisine, daily swims in the Aegean Sea, reading a book on your balcony, a home with a sea view scattered with islands – it almost seems too good to be true. But it isn't. If you're looking for the ideal European country to retire in, look no...
Poland Citizenship by Descent and Marriage
If modernity fused with tradition is your ‘thing’ then Poland is a country you don’t want to miss out on. This union is evident from the moment you arrive at Warsaw’s Chopin Airport. More than a gateway to Poland, Chopin is a symbol – a vision of sleek contemporary...
What is Panama’s Qualified Investor ‘Red Carpet’ Visa?
If you imagine Panama is full of dirt roads, rural squalor and economic disadvantage, think again. For one, Panama City, like an emerging Miami with tall skyscrapers and sparkling ocean, has all the attractions of a modern, well-heeled, sophisticated hub - like you...
How to Get Serbian Citizenship by Exception
What do Johnny Depp, Steven Seagal and Ralph Fiennes have in common? Well, apart from the obvious fact that they are all famous actors, each of them has been granted honorary Serbian citizenship. However, you don’t need to be a Hollywood star or a wealthy...
Malta’s Permanent Residence Program: The Ultimate Guide
If you’ve been looking for the perfect blend of Mediterranean culture, an English- speaking community of locals and favourable tax laws, Malta might just be the place for you. This enchanting destination isn’t only popular for tourists interested in a somewhat cheaper...
How to Pay Zero or Low Taxes in Malaysia (Territorial Tax)
From its tropical beaches to its lush green hilly countryside and stunning modern capital, Malaysia is beautiful. But don’t just take our word for it; Compare the Market Australia has officially recognised it as the 13th most popular country to move to and has...
How to Pay Zero or Low Taxes in Costa Rica (Territorial Tax)
Costa Rica offers a stable political climate, a strong expat community, and good infrastructure. You couldn't find a better place to slow down, spend lots of time outside, buy or rent an affordable property, and live closer to nature. We have yet to get to the...
How to Pay Zero or Low Taxes in Panama (Territorial Tax)
You've probably heard lots of rumors, half-truths, and downright falsehoods about how paying zero tax in Panama is possible. It's not surprising, given Panama's reputation over the years as a tax haven, a place to hide your money, and one that throws...
How to Pay Zero or Low Taxes in Ecuador
Latin America is one of the most accessible regions in the world to get residence and, in many cases, second citizenship. There are numerous options in Spanish-speaking countries where you can easily go and take a small income and get set up with a second...
How to Pay Zero or Low Taxes in Chile (Five-Year Exemption)
Chile is a country that offers a lot. Apart from stunning geography, fantastic art, and famous wines, it's a relatively tax-friendly country. For seven-and eight-figure entrepreneurs and investors who have wealth and want to protect and grow it, Chile is of...
How to Pay Zero or Low Taxes in Uruguay (Ten-Year Exemption)
Uruguay is well worth considering for those who want an affordable, relaxed lifestyle in a low-tax environment within the Americas. Uruguay is a politically stable country with strong democratic governance and a well-developed financial sector. These...
How to Live in Georgia (the country) and Pay Zero or 1% Tax
Georgia's attractive visa policy, low tax rates, and high quality of life make it an excellent option to live, work, and invest in. This article explores the tax and lifestyle benefits for high-net-worth individuals looking to live in Georgia and pay little or...
Why Portugal’s NHR Tax Incentive is Going Away
For years, Portugal has offered one of Europe’s most popular tax incentives for non-habitual residents (NHR). While Portugal’s existing NHR program has ended, this might not spell the end for the country as a tax-friendly location. The government is in the...
How To Get Dual Citizenship In Ireland
From its raw natural beauty to its warm, welcoming people, Ireland is a special destination with a unique culture. Expect the unexpected on this island, whether it's the fast pace of life in the capital, Dublin, with its abundant art, culture and history or the more...
Is Puerto Rico a Tax Haven?
Puerto Rico means: ‘rich port’. While this may have been the case in the past, unfortunately, the gorgeous island in the Gulf of Mexico has suffered many economic setbacks in recent years. That’s why they implemented Act 20 and Act 22 (later merged into Act 60)...
Are Puerto Ricans US Citizens?
We start with an overview of the country, including its history, its relationship with the United States and its impact on the Puerto Rican people. We also look at the economy of Puerto Rico, the challenges it faces, the tax benefits it offers to U.S. citizens and why...
10 of the Best Low-Tax English-Speaking Countries for Nomads
Are you ready to unlock a life of financial freedom while living in vibrant, English-speaking countries? In this guide, we’ll cover the top 10 destinations where low taxes meet high quality of life - perfect for digital nomads, entrepreneurs and investors. If you're...
Top 10 Best Countries for Homeschooling
This article will talk about some of the best countries for homeschooling. True, it isn't a topic we usually discuss here at Nomad Capitalist. However, lifestyle design is - after all going where you're treated best means getting the best for your family too. Getting...
5 of the Safest Countries in North America for Nomads
In this article, we'll reveal the top 5 safest countries in North America. For the purposes of this article we also include countries in Central America and other Caribbean nations in the northern hemisphere. We're also not including the US in this list since the...
10 of the Safest Countries in Africa for Nomads
From the bustling cities of the North to the tranquil landscapes of the South, Africa is a continent offering a treasure trove of opportunities for travellers and investors alike. But there's one factor that matters to many digital nomads above all else: personal...
The Top 8 Citizenships of the Richest People in the World
In 2024, the world's wealthiest individuals like Elon Musk, Larry Ellison and Jeff Bezos not only dominate in net worth but also in their choice of citizenships. Elon Musk, for instance, holds US citizenship but originally hails from South Africa, while Larry Ellison...
The 10 Best Places to Live in Portugal
Portugal is a top tourist destination thanks to a winning combination of beautiful beaches, a warm climate and a relaxed pace of life. It’s also regarded as one of the most welcoming European countries, with large numbers of expats finding it easy to adapt to...
The 11 Most Densely Populated Countries in the World
Where in the world are the countries with the highest population density? Going offshore in a densely populated country means access to large consumer markets and competitive real estate markets with high ROI potential. If your home country keeps putting up...
How Much Do Doctors Make Around the World?
Healthcare professionals are among the hardest-working people in our communities, and during the pandemic years were pushed to their limit. Many doctors feel that their salaries and working conditions remain seriously lacking. Is that you? According to an...
The 11 Best Places to Live in Spain
While the best place to live in Spain might be a subjective choice, one thing’s for sure – there’s no shortage of great places to live in this Mediterranean country. A second residence on the Iberian Peninsula or one of its islands combines the opportunity to live...
Most Powerful Country in The World
From the tiniest microbes to the largest predators, life is an endless power struggle. So why should our species be any different? Human history is the story of factions competing for power and prestige by asserting their financial, cultural and military influence....
Best Countries to Live In
With 195 nations to choose from, determining the best countries to live in is challenging, to say the least. Fortunately, Nomad Capitalist is here to break down the best countries to live in and help you solve questions like: Where can I find a better quality of life?...
What is Citizenship?
Citizenship refers to the legal status or bond between an individual and the country/government, where the person owes allegiance to the state and is entitled to certain legal rights and protections. It also comes with certain legal rights, freedoms, duties,...
Does US Allow Dual Citizenship?
Can an American citizen get dual citizenship? The simple answer is yes, but the how is what makes all the difference. Keep reading about what it means to have dual citizenship, the benefits, and how to get one. The Nomad Capitalist team has helped our high-net-worth...
How to Get EU Citizenship as an American: The Ultimate Guide
This article discusses how to get EU citizenship as an American, the benefits of an EU passport for a US citizen and why it is necessary to get your European citizenship today. Investors and entrepreneurs worldwide have always valued European Union countries for their...
How to Get the Netherlands Startup Visa in 2024: The Ultimate Guide
This article discusses the Netherlands Startup visa, its eligibility requirements, the application process, and the pros and cons of company formation there. The Netherlands is among the top five happiest countries in the world thanks to its excellent social welfare...
Canadian Startup Visa Program in 2024: The Ultimate Guide
This article discusses the Canadian Startup visa, its eligibility requirements, the application process, and benefits. Innovative entrepreneurs, investors, or venture capitalists may have an improved chance of getting Canadian residency since the country is very open...
How to Get Portuguese Citizenship: The Ultimate Guide
Famous for its beautiful coastline, exquisite cuisine, delicious wine and historical towns, Portugal is one of the most attractive European travel destinations. However, in the RCBI world, the country is known for its various residency programs, business-friendly...
How to Get the D7 Visa, Portugal in 2024: The Ultimate Guide
The D7 visa in Portugal, also known as Portugal’s passive income visa, can be an ideal route to permanent residence and citizenship in the country. Here’s everything you need to know about the D7 visa requirements, application process and benefits. There’s been a lot...
Is Malta a Tax Haven? Everything You Need to Know in 2024
Is Malta a tax haven? The question often crops up during any discussion of jurisdictions with tax-friendly systems. As an EU member state , Malta is renowned not only for its stunning landscapes and history but also for its welcoming business environment. Once upon a...
The Nomad Capitalist’s Guide to South American Countries and Their Currencies
In this article, we'll have a look at the diverse South American currencies. Our focus will be on the national currencies in use across the South American continent and the impact they have on the respective economies. The understanding of these national currencies is...
Visa-Free Countries for US Citizens in 2024
Once considered the best, most powerful travel document in the world, the US passport is beginning to lose its appeal. That's evident from many sources, including our own Nomad Passport Index which, in 2024, ranks the US passport in a lowly 44th place, just...
The Best Places to Retire Abroad: The Ultimate Guide 2024
Many retirees chase the warm weather and choose their second residence where they can find the ideal climate, but there are other vital considerations that go into choosing where is best to retire. If you’re thinking of retiring abroad, chances are you’re...
The Cheapest Places to Live in the World: The Ultimate Guide
Is a low cost of living the ultimate factor in choosing an overseas travel or second home destination? Tempting as it is to immediately say 'yes', the truth is that the answer isn't straightforward. It depends. If you’re only visiting a country for a few weeks, the...
Is a US Passport Really the Best?
Most Americans believe their nation has the best of everything. But did you know that the US passport ranks relatively low compared to other countries? If you’re from the US, you probably think your passport ranks 1st, or at least close to 1st. However, if you...
Residency vs Citizenship: What’s the Difference?
What's the difference between a visa, residence permit, and citizenship? Don't worry, you are not the first to be confused by the nuances of residence and citizenship in different countries. Here we will clarify the terminology, exactly what residence and...
St Lucia Passport in 2024: The Ultimate Guide
This article asks the question, "how strong is the St Lucia Passport in 2024?" and discusses whether it's a good addition to your passport portfolio. If you're unfamiliar with the RCBI world, you may be surprised why a small Caribbean country is so popular among...
Best Countries For Digital Nomads In 2024
Working remotely became the norm rather than a privilege for many professionals after the pandemic as countries starved of tourist money started rolling out digital nomad visas to attract income. The result? Even post-pandemic, growing numbers of remote workers are...
Best Cities for Digital Nomads In 2024: The Ultimate Guide
The digital nomad movement gathered pace during the pandemic. Many countries rolled out their version of the digital nomad and remote work visas to attract the ever-increasing number of digital nomads to their shores. Today, digital nomads contribute around US$787...
What is EU Citizenship and How to Get it?
Curious about how to obtain EU citizenship and unlock the benefits that come with it? This guide covers everything you need to know - from the different paths to citizenship, to the rights and privileges that come with being an EU citizen. We’ll start by exploring...
Should You Invest in a Golden Visa? Pros and Cons 2024
The pandemic of 2020 significantly altered the political landscape for many people living in the US. Ever since, US citizens have sought ways to leave the country if the need should arise. Obtaining a ‘golden visa’ is one of the most popular methods for wealthy...
How to Get Residency in Poland: The Ultimate Guide
This article looks at ways to gain residency in Poland. We take an in-depth look into Polish residence permits, how to acquire them, and the overall procedure. We'll also discuss the benefits of establishing Polish residency and some things to remember before adopting...
Second Passport in Chaotic Times
The pandemic of 2020 shifted the political, social, and economic landscape of the United States. As the country changed rapidly, many U.S. citizens realized that their freedoms, security, and financial standing were not guaranteed. As a result of this paradigm shift,...
Can Dual Citizenship Benefit Your Children?
The benefits of dual citizenship include tax benefits, access to new revenue sources, plus the ability to invest in foreign real estate markets. However, there’s one extra benefit many people aren't fully aware of: dual citizenship for their children. As our...
What is the Cleanest Country in the World?
As a Nomad Capitalist, you can choose your base from any country that suits your lifestyle and preferences. However, how do you narrow down your options? One factor to consider is a country’s cleanliness, which significantly impacts your quality of life. But why...
How Nomad Capitalist Built a Legacy by Avoiding Trending Investments
It’s human nature to follow the herd, yet being a Nomad Capitalist is all about paving your own way and living a different, better life from everyone else. The Residency and Citizenship by Investment (RCBI) world is amazing and full of lucrative opportunities. ...
Why Kongo Gumi Failed
Our founder, Andrew Henderson, is a big fan of Dave Ramsey's book EntreLeadership. It is a guide to building and leading successful businesses based on simple entrepreneurial principles, one of which is the importance of having no debt. In this article, we...
What It Means To Go Where You’re Treated Best
Going where you're treated better is not limited to investment opportunities, it also means gaining the freedom to travel and be who you want to be. Leaving your country and stepping outside your comfort zone gives you a greater perspective and a deeper...
The Ultimate Guide to CBDCs
Central bank digital currencies have the potential to forever change the way we transact and use our money. A growing number of countries are investigating the concept of central bank digital currencies (CBDCs). In our ultimate guide, we will take a look at what CBDCs...
Executive Order 14067 and the Future of CBDCs
Even after taking a beating in 2022, the total market cap of cryptocurrencies is currently around $1.18 trillion. Governments worldwide are in the process of investigating and creating regulations so that they can have control of digital currency and take it...
This Dividend Stock Investment Hack Could Potentially Double Or Triple Your Yields
In this article, we look at how dividend stock investors can double or even potentially triple their yields. All it takes is a change in strategy. Sure, it might take some major adjustments on your behalf, but the basic concept is so simple you'll wonder why you...
How to Get a US Green Card and Citizenship: The Ultimate Guide
This article discusses how to get a US green card, with information on requirements, the necessary documents and the process involved. Although we're often known for railing against the frustrating constraints of the US tax system and its citizenship-based taxation...
How To Get Swiss Residence: The Ultimate Guide
In this ultimate guide on how to get Swiss residence, we'll go over everything from the requirements for a Swiss residence permit to the advantages of having Swiss permanent residency, plus the best ways to obtain Swiss citizenship. We've compiled this comprehensive...
Doing Business in the USA in 2023: Things Every Entrepreneur Should Know
What's better - a job or a business? Historically, many arguments have been made in favor of each side, but the verdict almost always boils down to one statement: it depends. While a business may offer you exceptional freedom and flexibility, you'll also have to...
How to Get Residence in Turks and Caicos Islands
Turks and Caicos Islands is a tranquil chain of islands in the Caribbean. The islands have some of the best opportunities for savings on annual taxes through a permanent residency program. This article will explain how to obtain residency on the island based upon your...
How to Get Turkish Citizenship by Descent in 2024: The Ultimate Guide
This article will discuss Turkish citizenship by descent (CBD), its eligibility criteria, benefits, and how to acquire it in 2024. Turkey has much to offer foreign investors and entrepreneurs, hence the popularity of its citizenship-by-investment program, which,...
How to Get Turkish Residence: The Ultimate Guide 2024
**Urgent** Update December 2024 Turkey rumoured to raise its minimum CBI (Citizenship by Investment) level from $400,000 to $600,000, effective start of 2024. In this article we discuss how to get Turkish residence, the types of resident permits available and the...
How to Get Residence in Thailand: The Ultimate Guide 2024
Thailand is a popular Asian travel destination for global investors, offering an abundance of opportunities for those seeking residency in this captivating country. This article is your ultimate guide to obtaining residence in Thailand in 2024. In this guide,...
Establishing Thai Tax Residence: The Ultimate Guide
This article looks at ways of establishing Thai tax residence and provides information on taxes in Thailand. Thailand is a Southeast Asian country on the Indochinese peninsula. The country is a popular travel destination, with a lot of diversity and cultural charm to...
Taxation of Non-Residents in Spain
In a perfect world, non-residents of any country would not incur any tax liability in that jurisdiction. In our imperfect world, being a non-resident in one country and a tax resident in another can be a winning strategy in reducing your taxable income. So how does...
Taxes for Non-Residents in South Africa: The Ultimate Guide 2024
South Africa is a residence‐based tax system. If tax reduction is an objective, you can reduce your tax liability as a non‐resident. Our comprehensive South African tax guide shows how non‐residency can affect your income tax obligations. You can use double taxation...
How to Get Serbian Citizenship by Descent in 2024: The Ultimate Guide
This article discusses Serbian citizenship by descent, its eligibility criteria, benefits, and how to acquire it in 2024. Serbia is among the best countries in Eastern Europe for investors and entrepreneurs, thanks to its business-friendly environment, highly skilled...
How to Get Serbian Residence: The Ultimate Guide
This article discusses how to get Serbian residence, with information on the different types of residence permits in Serbia available, the pros and cons of each plus details on how to apply. With breathtaking landscapes and stunning architecture, Serbia is the very...
How to Get Romanian Residence in 2024: The Ultimate Guide
Establishing residence in Romania gives you all the perks of an EU residence. Moreover, many Romanian residency options lead to citizenship, qualifying you for an excellent EU passport, business and investment opportunities, and exceptional travel freedom. Ready to...
How to Get Portuguese Citizenship by Descent in 2024: The Ultimate Guide
Could your ancestors hold the key to a powerful passport in a highly sought-after country? If you have Portuguese roots, you might be surprised to learn that citizenship by descent is a real possibility. And it's more valuable than you might imagine. According to our...
How to Establish Portugal Tax Residence in 2024: The Ultimate Guide
Portugal has long been one of the best European Union (EU) countries to establish tax residence thanks to its lucrative tax schemes and business-friendly environment. Moreover, its high standard of living and natural beauty make it an excellent location for a second...
How to Get Second Residence in Paraguay: The Ultimate Guide
Welcome to the ultimate guide on how to get a second residence in Paraguay. This comprehensive guide allows you to explore the finest travel and international investment opportunities in this South American country. In this guide, you'll discover the advantages of...
Woke Culture: Why Zuby Got Suspended on Twitter
The British rapper has experienced firsthand the benefits and freedoms that come with being a global economic citizen, proving that where you are born is not necessarily the best place for you. Book your tickets now so you don't miss the last chance to experience...
What To Learn From DeSantis Vs. Disney
It looks like the DeSantis Vs. Disney saga might well be finally drawing to a close. Disney has taken Ron DeSantis to court. The Florida governor and presidential hopeful can now look forward to fighting a two-front battle against Mickey Mouse and Donald Trump. So if...
How to Get North Macedonia Citizenship by Descent in 2024: The Ultimate Guide
This article discusses North Macedonia citizenship by descent, its procedure, eligibility criteria, and benefits. North Macedonia is an excellent option to set up a corporate base thanks to its location on a major trade route. The country also boasts a highly skilled...
Taxes for Non-Residents in New Zealand
Is tax applicable to non-residents in New Zealand? Unfortunately, yes. The increasing number of departures from New Zealand is largely down to individuals seeking freedom from one of the highest cases of government overreach. New Zealand's government's small thinking...
Taxes in The Netherlands for Non-Residents: The Ultimate Guide
According to the latest World Happiness Report, the Netherlands is the sixth happiest country in the world. A significant reason for that is its excellent social security system. However, all that comes at the cost of high taxes. Dutch tax rates are among the highest...
How to Get Montserrat Residency: The Ultimate Guide
This article explains how to get Montserrat residency, the process, the requirements and paperwork involved and the benefits of getting a Montserrat residence permit. For those seeking a second residence, the tiny British overseas territory of Montserrat offers a...
How to Get Montenegro Residency: The Ultimate Guide 2024
This article looks at Montenegro residency, the different ways to obtain residency in Montenegro and some of the benefits it offers. Montenegro is a country we at Nomad Capitalist have been taking a keen interest in. It's affordable, has favorable taxes and a...
How to Get Mauritius Residence: The Ultimate Guide
In this article, we look at Mauritius Residence, the different types of permits available to foreign nationals, and the steps involved in obtaining a permanent residence permit in Mauritius. Mauritius offers a special hybrid residence and work permit known as an...
How to Get Luxembourg Citizenship by Descent
Would you like to be at the heart of Europe? Do you have Luxembourg genealogy? Luxembourg Citizenship by descent (CBD) offers you the possibility to benefit from better freedom to travel, business opportunities, lower taxes, and a chance to become a resident in one of...
How to Get Latvian Citizenship by Descent in 2024: The Ultimate Guide
This article will take an in-depth look into the criteria and procedure for becoming a Latvian citizen by descent. We'll also discuss some benefits of gaining Latvia citizenship. Latvia's natural beauty, EU member state status, stable economy, and high living standard...
How to Get Japanese Citizenship by Descent
This article looks at how to get Japanese citizenship by descent. We start by looking at Japan as a whole, why it's different, and how the Japanese approach to immigration and naturalization differs from other countries. By understanding this first, and the mindset...
Indonesia Introduces 10-Year Visa Second Home Program
In this article, we discuss the new visa Indonesia officially launched in December of 2022. These new visas will be valid for at least 5 years and possibly up to 10 years with approval. It's expected that these new visas will draw more money to the nation by...
How to Get Hungarian Residence: The Ultimate Guide
Hungary is an affordable EU country with a high standard of living and plenty of interesting investment opportunities. So should you consider the home of Harry Houdini in your escape plan? As with every country, Hungary has its benefits and its drawbacks so we wrote...
How to Get Honduras Citizenship in 2024: The Ultimate Guide
Central American passports are popular second passport options providing additional travel freedom for individuals. A Central American passport also gives you an opportunity to diversify your passport portfolio and legally lower your taxes. If you want Central...
How to Get Second Residence in Honduras
This article discusses the topic of how to get a second residence in Honduras. We also look at the benefits of Honduran residence and the different programs available. Gaining a second residence can be beneficial in many ways and Latin America continues to prove...
The Ultimate Guide to Expat Living in Bangkok, Thailand
Cultured and historic, exotic and tropical, from its glittering temples to its tropical beaches, Thailand radiates joy. Nowhere is this more evident than in Bangkok, the country’s intoxicating capital. This sprawling, exciting metropolis is famous for its...
The Ultimate Guide to Expat Living in Bali
What do Brad Pitt, Madonna, Mick Jagger, and the Obamas have in common? They're all devotees of the tropical paradise of Bali. A refuge of the rich and famous for many decades, Bali's nature, awe-inspiring landscapes and year-round 30-degree temperatures are a major...
The Ultimate Guide to Expat Living in Kuala Lumpur, Malaysia
Kuala Lumpur, the bustling capital of Malaysia, offers a unique blend of modernity and tradition. Its towering skyscrapers stand side by side with colonial buildings, peaceful parks, and ancient temples. For expats, the major city of Kuala Lumpur offers...
The Ultimate Guide to Expat Living in Hong Kong
‘You can leave Hong Kong, but it will never leave you'. The words of Nury Vittachi, science fiction writer and author of The City of Dreams, still ring true and perfectly capture the spirit of this special administrative region (SAR) of China. In Hong Kong, it's...
The Ultimate Guide to Expat Living in Panama City, Panama
Panama’s motto, ‘pro mundi beneficio’ (for the benefit of the world) is a fitting description of a country that manages to remain both diverse and intriguing while offering many opportunities to the intelligent investor. In truth, the motto for the...
The Ultimate Guide to Expat Living in Geneva, Switzerland
There aren't many more idyllic settings for a city than this. Between the Alps and the Jura mountains, with stunning Lake Geneva at its heart, Geneva offers year-round outdoor activities, from skiing and hiking to boating. Switzerland's capital really is where...
10 Best Countries to Raise a Family
Moving abroad with your family is an entirely different experience to travelling solo. There are so many extra considerations when your family is involved: factors like safety and education systems often outweigh the appeal of elements like an exotic island or a...
The Ultimate Guide to Expat Living in Bogota, Colombia
It's hard to think of another city that's managed to cast off the shadows of its past quite as successfully as Colombia's capital, Bogota. Once troubled and hogging the international headlines for all the wrong reasons, this major city has rebranded itself as an...
How to Leave America Forever
What do Elizabeth Taylor, Yul Brynner, TS Eliot and Tina Turner have in common? They all left the United States of America. No, they didn't just jump on a plane and jet off on holiday – they left it for good by renouncing their citizenship and claiming a more...
Cost to Renounce US Citizenship
For the better part of a century, we've been told that taxes are the price we pay for living in ‘civilisation’. Governments, from France to the United States, have long bought influence by offering freebies to the middle class. Yet, there's one service that's...
The Ultimate Guide to Expat Living in Medellin, Colombia
Colombia's second major city was once considered the most dangerous in the world. Anyone who has watched the Netflix TV show, Narcos, will know that Pablo Escobar had a stranglehold on the city in the late 1980s and early 1990s. Thanks to the willpower of authorities...
The Ultimate Guide to Expat Living in Dublin, Ireland
It's little wonder hordes of tourists, largely Irish Americans, descend on the Emerald Isle each year. Movies such as The Banshees of Inisherin and Irish Wish depict the island on the westernmost edge of Europe as whimsical, charming and mythical to the point of...
The Ultimate Guide to Expat Living in Phuket, Thailand
Known as the ‘Jewel of the Andaman Sea’, Phuket has long been one of Thailand’s most desired destinations. Devastated by the 2004 Indian Ocean tsunami that claimed 225,000 lives across Southeast Asia, Phuket has undergone a remarkable transformation. The...
The Ultimate Guide to Expat Living in Belgrade, Serbia
Serbia has seen its fair share of turmoil and instability during its turbulent history, from the rule of the Ottoman Empire to the collapse of Communism and the breakup of Yugoslavia. This fascinating country, located at the centre of the Balkans, has a complex...
How to Live in Georgia (the country) and Pay Zero or 1% Tax
Georgia's attractive visa policy, low tax rates, and high quality of life make it an excellent option to live, work, and invest in. This article explores the tax and lifestyle benefits for high-net-worth individuals looking to live in Georgia and pay little or...
Top 7 of the Best Expat Cities in Mexico
Mexico has always held a special allure for travellers and investors alike, drawing all kinds of expats with its rich culture, breathtaking scenery, stunning beaches and fabulous real estate opportunities. For those who have already made the move, the rewards go far...
10 of the Least Corrupt Countries in Africa
An ever-growing number of investors are starting to pay attention to Africa where both financial and citizenship opportunities are surfacing. Among is Nomad Capitalist founder, Andrew Henderson, who's already spoken at length on the exciting possibilities Africa...
10 of the Least Corrupt Countries in the World
If you're interested in overseas investment, you want to first make sure the places you invest in are stable and trustworthy. So today, we'll talk about ten of the world's least corrupt countries. We've used data like the Corruption Perceptions Index (CPI) scores as...
12 of the Safest Countries in the World
In uncertain times, safety and security become paramount considerations. This makes having a Plan B a smart move. Whether you’re looking for a second residence, a new passport, or simply want to explore new destinations, understanding the safest countries in the world...
10 of the Safest European Countries
As the world continues to evolve, discerning individuals are increasingly seeking safe and secure destinations for both travel and investment opportunities . Understanding the safety levels of various European countries isn’t just about peace of mind when travelling;...
9 of the Safest Countries in Latin America
It's critically important for any world traveller or investment-savvy individual to know how safe they are when exploring new countries in Latin America or pursuing fresh opportunities there. World politics, crime, society – life – are constantly changing,...
10 of the Least Corrupt Countries in Asia
In this article, we'll take a look into the 10 least corrupt countries in Asia, offering unique insights for travel enthusiasts and potential investors alike. As corruption perceptions have significant implications on economic stability, investment attractiveness, and...
10 of the Safest Countries in Asia for Nomads
From bustling cities in East Asia to the rich cultural heritage of Southeast Asia, this continent offers travellers and investors a huge range of opportunities. But there's one factor that matters to many digital nomads above all else: personal safety. Understanding...
The 13 Least Densely Populated Countries in the World
From the Amazon rainforests to Siberia's plains or the Australian bush, sparsely populated regions share demographic, economic, political and environmental characteristics that set them apart from more densely populated areas. As such, a second residence in a sparsely...
Top 10 Richest Countries in the World by GDP Per Capita in 2023
When defining what makes a country wealthy, it's fairly standard to look at the heartbeat of its economy, the Gross Domestic Product (GDP). GDP is the tally of all goods and services produced over a set period, a pulse check on a nation's economic health. But as...
Why Expats Need a Tax Residency Certificate
So you have decided to go where you are treated best. You are leaving your high-tax country and looking forward to earning business income, capital gains, and dividends with zero or very low taxes. So now what? In this article, we will explain why expats need a tax...
What is the Cost of Living in Belize: The Ultimate Guide
This article discusses the cost of living in Belize and what should be your estimated monthly budget if you plan to move to Belize. Several countries in Central America, like Panama, Costa Rica, and Belize, are known for their affordable cost of living, natural...
The Cost of Living in Costa Rica: The Ultimate Guide
Consistently topping the charts for the best retirement destinations in the world, Costa Rica is known for its low cost of living, quality and affordable healthcare and famous 'Pura Vida' (pure life) lifestyle. Investors and entrepreneurs are drawn to Costa Rica for...
Cost of Living in Malta in 2024: The Ultimate Guide
Malta is one of the most popular global destinations for entrepreneurs and investors, offering the chance to become a European citizen in less than a year and a half. It’s also an excellent digital nomad hub with lighting-fast internet speed, a warm climate and a...
Best Countries For Digital Nomads In 2024
Working remotely became the norm rather than a privilege for many professionals after the pandemic as countries starved of tourist money started rolling out digital nomad visas to attract income. The result? Even post-pandemic, growing numbers of remote workers are...
Best Cities for Digital Nomads In 2024: The Ultimate Guide
The digital nomad movement gathered pace during the pandemic. Many countries rolled out their version of the digital nomad and remote work visas to attract the ever-increasing number of digital nomads to their shores. Today, digital nomads contribute around US$787...
What It Means To Go Where You’re Treated Best
Going where you're treated better is not limited to investment opportunities, it also means gaining the freedom to travel and be who you want to be. Leaving your country and stepping outside your comfort zone gives you a greater perspective and a deeper...
Moving to Grenada – Nomad Capitalist Guide 2024
Grenada has long been a dreamy holiday destination, but for those ready to go beyond the vacation snapshot, it’s also an incredible place to call home. This lush Caribbean island, known for its vibrant spice markets, hidden waterfalls and endless coastlines,...
Croatia Digital Nomad Visa: The Ultimate Guide
Digital Nomad Visas are a special designation of visa that allows foreigners to reside in a country working remotely. These visas have garnered popularity with several countries, like Croatia, since they bring more money into the local economy. Croatia is ranked as a...
How To Get The Costa Rica Digital Nomad Visa in 2024: The Ultimate Guide
This article discusses the Costa Rica digital nomad visa, its eligibility requirements, benefits, and application procedure. Central American countries, especially Costa Rica and Panama, are two of the expat-favorites when it comes to digital nomadism. Most Westerners...
Brazil Digital Nomad Visa: The Ultimate Guide
Digital nomad visas are becoming increasingly popular across the globe. These special visas allow foreigners to take up temporary residency in a country for between 1-4 years on average. These visas do not permit holders to work in the country, but rather work...
How to Get Barbados Welcome Stamp Visa: The Ultimate Guide 2023
The pandemic made many people change their ways, and although many changes were unpleasant, some paved the way for more personal freedom and work autonomy. Here, we're talking about remote work. Before the pandemic, remote workers made up only a minority of the global...
Antigua and Barbuda Digital Nomad Visa Guide
If you’re new to the digital nomad visa world, we won’t judge if you can’t spot Antigua and Barbuda on the map. After all, it’s not even 1% of the size of the US and it’s not as well-known. However, this British Commonwealth nation is pretty famous among wealthy...
How to Get Andorran Residence
In this article, we'll go over the Andorran residence permit options available to you if you're interested in acquiring residency in Andorra. Can a foreigner live in Andorra? How hard is it to immigrate to Andorra? How do I get passive residency in Andorra? This...
The Best Countries for Canadian Expats to Move to
In 1837, Irish writer Anna Brownell Jameson explored central Ontario and marvelled at its endless forests, boundless wilderness and dense foliage. At the time, she was one of a select number of Europeans to experience the sheer scale of Canada’s natural beauty....
Safest Cities in Mexico for 2024
If you’re planning a trip to Mexico but finding concerns about safety are making you hesitate, then it’s essential to understand that not all areas are equal in terms of risk in this large and diverse country. At Nomad Capitalist, we understand that safety is a top...
Digital Nomads Rejoice: Bali Digital Nomad Visa in the Works
The pandemic changed everything for everyone. The world stopped for a while, and it gave people enough time to rethink their life choices, whether personal or professional. The comfort that people found working remotely from their homes or any location of their choice...
Why Are People Moving Out of California and Going to Mexico?
Today California has nothing but its brand name. Increasing housing prices, insane state taxes, and lack of safety. How can all that fit into the brand of the Golden State? Exactly, it can't. The Californian dream is over. And California residents understand it better...
How to Establish Tax Residency in Cyprus
According to ancient Greek mythology, Aphrodite, the goddess of love and beauty, was born from the sea foam near a coastal town of Cyprus. Standing tall in the crystal-clear waters, the distinctive Aphrodite's Rock seems to emit an ethereal aura. Swimming around...
Best Countries to Live in, Incorporate, and Be a Citizen
People often ask us these questions: What are the best countries to live in? What are the best countries to incorporate a business? What are the best countries to get citizenship or residency? Did you spot the common theme? Everyone wants to know the best country to...
The 7 Most LGBTQ-Friendly Countries for Retirement
Our world is getting more broad-minded and tolerant of diversity but before making a life-changing decision to retire abroad, it’s crucial to be 100% sure that the country provides support and respect for your identity. There are many countries to retire in, but for...