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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
This article discusses French citizenship by descent, its eligibility requirements, pros and cons, and application procedure. There is nothing more romantic than sipping champagne at the Eiffel Tower in Paris, the world capital of Haute fashion, fine art, and...
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. And when it comes to the kind of offshore strategies we talk about here, Ireland ticks a lot of boxes. With one of the lowest corporate tax rates in Europe, beautiful...
8 Most Livable Cities in Southeast Asia in 2023
This article discusses the eight most livable cities in South East Asia and how moving there can add value to your life. Southeast Asia is one of the first places people try out when they start their nomadic lifestyle. It's cheap, it's warm, it's easy to get to, and...
Double a Penny for 30 days… Now Pay Taxes
At Nomad Capitalist, we tend to speak primarily to six- and seven-figure entrepreneurs. If your finances are in dire need of rescue, then investing in foreign real estate or creating an international CD ladder is probably not your biggest concern right now. But...
The Best Offshore Banks for 2023
Last Updated: March 27, 2023 Dateline: Kuala Lumpur, Malaysia When we write about offshore banking, one of the most common questions that we get from readers is, “what are the best offshore banks?” If you’re a six- or seven-figure entrepreneur or investor, then...
How to Get Cayman Islands Residency and Pay Zero Tax
Dateline: Kuala Lumpur, Malaysia As I mentioned in my article on tax-friendly second passports, one of the most important parts of your tax, business, and personal strategies is choosing where you want to actually live. You can move to Asia to make your money go...
15 Easy Second Residency Programs Anyone Can Get
Dateline: Kuala Lumpur, Malaysia Of everything that I’ve published, my most popular articles are – by far – the ones that deal with getting an easy second residency. Whether it’s quick citizenship by investment programs or places where you can live...
16 Countries with No Income Taxes
Dateline: Manama, Bahrain At Nomad Capitalist, our motto is simple: go where you’re treated best. But where do you find that place? Part of going where you’re treated best is up to personal preference. You may enjoy living in big cities like I do, or you may never...
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...
8 Non-CRS Countries For Banking Privacy in 2023
‘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 comply with FATCA. It’s all because of one...
Highest Global Interest Rates at Offshore Banks in 2023
While depositing money in US dollars, euros, or British pounds in developed world banks can seem safe and should likely comprise a good chunk of your cash portfolio, there are other options. There are also emerging world banks that desperately need US dollars or...
Europe’s Golden Visas: 5 Highly Pursued EU Residence Programs
It doesn’t matter what you call it: a Golden Visa, residence by investment, or an immigrant investor program. What is important, and plain as day, is that the investment immigration industry in Europe has grown immensely. 2019 was a record year, with various...
The Largest Value Banknotes in the World
If you appreciate the value of holding cash, the idea of carrying around a brick of currency worth a few hundred bucks is frustrating. So, in this article we’ve compiled a list of the largest banknotes in circulation. It’s interesting reading because we have...
The 14 Easiest and Cheapest Second Residencies in the EU
Last Updated July 28, 2020 Dateline: Cancun, Mexico I recently met up with my friend Tim. He is originally from the UK but had just completed his Ph.D. in the Netherlands. While there, he met his girlfriend of two years who is originally from Taiwan. On her residency...
17 Countries with the Highest Tax Rates in The World in 2023
We just keep talking and writing and shouting about taxation here at Nomad Capitalist, the same way Europeans and Americans deliberate over football. Yes, I’m aware that they are not talking about the same thing, despite bearing the same name, but you could say the...
11 Countries with The Lowest Taxes in Europe: 2023 Tax Guide
Ever dreamed of living in Europe? Many of us have. Europe’s stereotypically high tax rates have turned many successful entrepreneurs and investors away from the idea in search of zero-tax countries in the Caribbean, Middle East, or the Pacific Ocean. The good news is...
30 e Visa Countries to Visit: The 2023 Ultimate Guide
Last updated March 2023 Dateline: Wroclaw, Poland It’s been a few years now since I wrote one of our most popular articles on which countries offer dual citizenship. Since then, we’ve updated the article and added new countries. However, one thing remains the same:...
The 5 Best Countries for Judicial Independence and Rule of Law
Compiled from the World Justice Project’s Rule of Law Index, this list ranks the top five countries with the highest adherence to the rule of law from the perspective of its citizens or residents. 113 countries and their jurisdictions are considered when compiling...
How Not to Pay Taxes: Four Legal Ways to Not Pay US Income Tax
Dateline: Kotor, Montenegro Today we’re just going to jump right in. You’ve come for my best advice, and that’s what you’re going to get. US citizens run in circles to get tax breaks. These include all sorts of tax credits, from the child tax credit to the earned...
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...
Pay Zero Income Tax With Non-Habitual Residence in Portugal
Update February 2023: Portugal has announced it is canceling its Golden Visa program. For information on alternative Golden Visa programs or advice on obtaining residency in Europe contact our team. Dateline: Valencia, Spain I don't spend much of my time in...
Get Second Residence and Pay No Tax in 25 Tax-Free Countries
Last Updated February 3, 2022 Dateline: Singapore Having a second citizenship is an important part of international diversification, but having a backup passport alone does not end your tax obligations if that is your goal. US citizens can have as many passports as...
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
Dateline: Florianopolis, Brazil Whatever may be your reason to get a second nationality, whether it’s for work or simply a life decision, Brazil offers incentives for foreigners to become a part of its vibrant nation. With Brazilian citizenship, the entire South...
Citizenship by Marriage: 13 Passports to get by Marrying a Foreigner
Dateline: Tokyo, Japan For years, the stereotype of marrying a foreigner for a green card has been prevalent in the Western world. In modern Western culture, it is assumed that someone from an emerging economy marrying a US person or other Westerner is merely seeking...
Countries With No Property Taxes Where You REALLY Own Your Home
Updated: July 21, 2020 Dateline: Belgrade, Serbia Here at Nomad Capitalist, we frequently discuss the idea that governments thrive on taxing the “evil rich.” It also gives birth to the question whether such a utopia exists where there are no property taxes. It’s no...
10 Countries with the Safest Offshore Banks
Updated May 13, 2021 Dateline: Mexico City, Mexico If you’re new to the world of offshore banking, you may be concerned about bank safety. After all, some may still believe that their money will simply vanish if they move it overseas. You may not know that...
Which Countries Allow Dual Citizenship in 2022?
Dateline: Wroclaw, Poland 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...
9 Expat-Friendly Countries with No Capital Gains Taxes
Dateline: Tbilisi, Georgia Here at Nomad Capitalist, we are about going where you are treated best, which includes legally finding ways to avoid paying taxes that discourage smart investments and disrespect your capital. We 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
Almost a decade ago, we wrote an article about a list of non-extradition countries. Lists of extradition treaties are readily available from sources like the US government, and non-extradition countries are often mentioned on CNN or by the BBC whenever the latest...
Best European Countries to Start A Business in 2023: The Ultimate Guide
This article discusses the best European countries to start a business and the benefits of starting a business in Europe. When they think of Europe, most people only consider Western European countries like France, Germany, Austria, or the UK. Although economically...
Easiest Bank Accounts in Europe
Dateline: En route to Tivat, Montenegro Having at least one offshore bank account can not only help diversify your funds, but serve as what we call a “tunnel” to be able to move more funds overseas in the future as needed. With the world getting crazier, having assets...
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 2023: The Ultimate Guide
This article discusses the best countries for offshore companies, what you should look for in an offshore jurisdiction, and the benefits of offshore company formation. "But is it legal?" - that's the question we often hear from investors and entrepreneurs regarding...
Banking in the UK: The Ultimate Guide 2023
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 2023
How could setting up a company in the United Arab Emirates work for you? Going offshore is a way to reclaim financial freedom, and starting a business in top-tier Dubai is the smartest of moves. Our comprehensive overview covers everything about a UAE...
Banking in UAE: The Ultimate Guide 2023
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 2023
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 2023
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 2023: 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 2023
This article takes an in-depth look at banking in Portugal. We start with an overview of the country's economy and banking system. We then look at the main players in the industry, including both local and international banks in Portugal, plus the different types of...
Starting a Business in Madeira: The Ultimate Guide
Starting a business in Madeira may not be the first choice of many entrepreneurs though some of the incentives might make you pause for thought. As the Portuguese jurisdiction jostles for investment in an already crowded market, it offers low corporate tax rates and...
Why Set Up a Panamanian Trust: The Ultimate Guide 2023
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 2023: 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 2023: The Ultimate Guide
This article will discuss setting up a Cook Islands trust and the benefits of establishing an offshore trust in the Cook Islands. Setting up a trust is one of the best ways to avoid frustrating litigations and protect your assets. An offshore trust does precisely what...
British Virgin Islands Incorporation and BVI Banking: The Ultimate Guide
In this article, we look at incorporation and banking in the British Virgin Islands. We first look at the different types of BVI companies and the advantages of incorporation in the BVI. Next, we examine the jurisdiction's offshore banking services, with information...
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 2023
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 2023
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
In this article, we discuss how to set up a Nevis offshore trust, how these structures operate, and what benefits they provide. While establishing a Nevis international trust might not be the ideal solution for everyone, if you are looking for an offshore asset...
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 With $1,000 per Month
Dateline: Bogota, Columbia I recently gave some thought to the question: What would I do if I had to start over with nothing and only had $1,000 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 2023
Last Updated: March 27, 2023 Dateline: Kuala Lumpur, Malaysia When we write about offshore banking, one of the most common questions that we get from readers is, “what are the best offshore banks?” If you’re a six- or seven-figure entrepreneur or investor, then...
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: Social security taxes in the US, Canada and Europe
Dateline: Tbilisi, Georgia 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...
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...
Why international companies are moving to Hong Kong
There are several reasons why companies are moving to Hong Kong. Hong Kong is a great place to go for anyone looking to start a business offshore. The list of successful Hong Kong companies is endless, with some of the most prominent ones being: Apple, Amazon,...
How to Move Money Offshore: 5 Ways to Fund an Offshore Account
Last updated February 20, 2021 Dateline: Singapore Having an offshore bank account — or two… or three — is an important step in planting flags around the world. As we often discuss, the actual opening of an account is relatively easy, and you don’t need a lot of...
Do you qualify to go offshore?
Dateline: Kuala Lumpur, Malaysia I just wrapped up a highly successful weekend Mastermind event for our Nomad Society Members here in Kuala Lumpur, and not only did those attending learn a lot of new ideas, but I did as well. What surprised many who attended was just...
6 Offshore Jurisdictions for Companies to Avoid in 2021
Dateline: Kota Kinabalu, Malaysia Too many folks who are going offshore for the first time make one big mistake that ends up costing them a lot of problems, money, and even legal issues. The mistake? Setting up an offshore company, opening a bank account, and...
How to affordably ship your gold and silver overseas
Dateline: Singapore Update 2023: Previously we've discussed tips on buying gold and the best countries to store your gold, but moving it there, that's another story. So in this article, we look at how you can move your gold from the US to a more secure offshore...
What Is A Private Bank Account? And How to Get One
Last Updated July 25, 2020 Dateline: Warsaw, Poland One of the biggest challenges in the world of offshore strategies and flag theory is one that many other businesses face. The advent of the internet has allowed anyone, in any corner of the planet, to talk about...
How To Prepare For A Financial Disaster With Financial Emergency Preparedness
Many of us have lived in a geographic location that may be subject to some form of natural disaster. Earthquakes, tornadoes, hurricanes, and even heavy rain or snowfall can cause very serious disruptions to basic services. Anyone who has been through a major...
How to Pay Zero or Low Taxes in Malaysia (Territorial Tax)
Malaysia is beautiful, but don't just take our word for it. It's been officially recognised as the 13th most popular country to move to by Comparethemarket Australia. It's one of Nomad Capitalist founder Andrew Henderson's favourite spots; he owns property there,...
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 called the NHR program for non-habitual residents. While Portugal's NHR program may end, the window is still open for you to act now. There are still opportunities to move to Portugal,...
How To Get Dual Citizenship In Ireland
This article covers all aspects of how to get dual citizenship in Ireland. We will first look at the benefits of Irish dual citizenship, including one additional advantage that an Irish passport has over all other EU countries. Keep reading for an in-depth look at all...
Is Puerto Rico A Tax Haven?
This article looks into the various tax breaks that Puerto Rico offers to investors and examines the question of whether or not the territory technically classifies as a tax haven. Increasingly, the number of Puerto Rico residents includes wealthy investors drawn to...
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 (Number 9 Might Surprise You)
This article will reveal the best tax-friendly countries, where the burden of income tax and capital gains tax is minimized, creating favourable opportunities for high-net-worth individuals. We'll particularly focus on English-speaking countries, diminishing the...
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
In this article, we'll focus on the African continent, exploring ten of the safest countries on this diverse landmass. Recognizing the significant value for nomads seeking novel travel and investment opportunities, we've put together this list based on the Global...
The Top 8 Citizenships of the Richest People in the World
Where in the world do most HNWIs choose to become new citizens? Second citizenship can multiply your financial and lifestyle opportunities. This article shares the favoured citizenships of the world's richest people. Highfliers seek second citizenship to spread their...
The 9 Best Places to Live in Portugal
Where are the best places to live in Portugal? It's helpful to know as a second residence in this EU n country or one of its island territories offers many interesting investment opportunities and tax incentives. This article reveals the nine best places to live in...
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
Where are the best places to live in Spain? A second residence on the Iberian peninsula or one of its islands combines the opportunity to live abroad with the chance to diversify your assets and tax benefits. Where should you live in Spain? In this article we will...
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, figuring out what the best countries to live in is a challenge, to say the least. Below is our breakdown of the best countries to live in. Are you looking for a better quality of life? Why are people happier in one country over...
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 is it necessary to get your European citizenship today. Investors and entrepreneurs worldwide have always valued EU countries for their excellent...
How to Get the Netherlands Startup Visa in 2023: 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 2023: 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
This article will discuss how to get Portuguese citizenship, several ways to become a Portuguese citizen, its benefits, and the application process. Famous for its beautiful coastline, exquisite cuisine, delicious wine, and historical towns, Portugal is one of the...
How to Get the Portugal D7 Visa in 2023: The Ultimate Guide
This article will discuss how to get the Portugal D7 visa, its eligibility requirements, timeline, and benefits. Portugal's D7 visa is an excellent residency route for investors, entrepreneurs, and retirees looking to acquire Portuguese citizenship a few years down...
Is Malta a Tax Haven? Everything You Need to Know in 2023
This article discusses if Malta is a tax haven and what characteristics a jurisdiction must possess to be termed a tax haven. We will also briefly discuss Malta's tax system and how investors and entrepreneurs can move to Malta to reduce their taxes. Malta is an EU...
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 2023
This article discusses US passport and visa-free countries for US citizens in 2023. Once considered the most powerful travel document in the world, the US passport has lost its past appeal compared to other passports from around the world. Now the US has become...
The Best Places to Retire Abroad: The Ultimate Guide 2023
Which countries are best to retire abroad? Many retirees chase the warm weather and choose their second residence accordingly, but other considerations exist. This article outlines the foreign countries that make the best retirement destinations. If you're thinking of...
The Cheapest Places to Live in the World: The Ultimate Guide
This article discusses the cheapest places to live in the world. We'll discuss different regions worldwide and look at their cheapest countries. Is the low cost of living the ultimate factor in choosing an overseas travel or second home destination? It depends. If...
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 2023: The Ultimate Guide
This article asks the question, "how strong is the St Lucia Passport in 2023?" 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 2023: The Ultimate Guide
In this article, we'll discuss the best countries for digital nomads, what makes a country digital nomad friendly, and how you can integrate the Nomad Capitalist lifestyle with digital nomadism. The pandemic changed the world. One aspect that completely transformed...
Best Cities For Digital Nomads In 2023: The Ultimate Guide
This ultimate guide will discuss the best cities for digital nomads, why they're considered the best, and how a digital nomad can go one step further and be a Nomad Capitalist. The digital nomad movement picked up pace during the pandemic, with many countries rolling...
What is EU Citizenship And How To Get it
This article will answer all your questions on how to get EU citizenship, the different methods involved plus the rights and benefits all EU citizens receive. We start by taking a look at what EU citizenship is and the advantages it offers, alongside the added...
Should You Invest in a Golden Visa? Pros and Cons 2023
The pandemic of 2020 significantly altered the political landscape for many living in the U.S. Ever since this time, Americans have sought ways to leave the country if the need should arise. Obtaining a "golden visa" is one of the most popular methods for...
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 home base from any country worldwide that suits your lifestyle and preferences. However, with 195 countries in the world, how do you narrow down your options? One factor to consider is a country's cleanliness, as it...
How Nomad Capitalist Built A Legacy By Not Following The Latest Cool Trend
This article discusses what makes Nomad Capitalist different, what being a Nomad Capitalist is all about, and how we help our clients go where they're treated best. It's human nature to follow the herd, yet being a Nomad Capitalist is all about paving your own way and...
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 2023: The Ultimate Guide
This article will discuss Turkish citizenship by descent (CBD), its eligibility criteria, benefits, and how to acquire it in 2023. 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 2023
In this article we discuss how to get Turkish residence, the types of resident permits available and the benefits you can get by obtaining one. At Nomad Capitalist we frequently discuss the value of obtaining second residence as part of a plan B strategy or a step...
How to Get Residence in Thailand: The Ultimate Guide 2023
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 2023. 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 2023
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 2023: The Ultimate Guide
This article discusses Serbian citizenship by descent, its eligibility criteria, benefits, and how to acquire it in 2023. 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 2023: The Ultimate Guide
This article discusses the Romanian residence, its eligibility requirements, benefits, and how to acquire it in 2023. Establishing residence in Romania gives you all the perks of an EU residence. Moreover, many Romanian residency options lead to citizenship,...
How to Get Portuguese Citizenship by Descent in 2023: The Ultimate Guide
This article discusses Portuguese citizenship by descent (CBD), its eligibility requirements, benefits, and how you can acquire it in 2023. Portugal's passport is the fourth-best in the world, and the country also offers an excellent tax program offering ten-year tax...
How to Establish Portugal Tax Residency in 2023: The Ultimate Guide
This article will take an in-depth look into establishing Portugal tax residency and its benefits. We will also talk about Portugal's tax system, non-habitual tax residence, and whether it's suitable for foreign investors. Portugal is one of the best EU countries to...
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 2023: 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 in 2023: The Ultimate Guide
This article will take an in-depth look into taxes in the Netherlands for non-residents, how you can establish non-residency in the Netherlands for tax purposes, and the general Dutch tax system. According to the latest World Happiness Report, the Netherlands is the...
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 2023
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 2023: 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 2023: The Ultimate Guide
This article will discuss different ways to obtain Honduran citizenship. Central American passports can are popular second passport options providing additional travel freedom for individuals. A Central American passport also gives you an opportunity to diversify your...
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...
How to Get German Residence: The Ultimate Guide
Germany, the economic powerhouse of Europe, offers attractive opportunities for high net worth individuals that are looking for a world-class lifestyle and investment prospects. In this ultimate guide to German residence, we'll explore how you can enjoy the benefits...
Taxes in Germany for Non-Residents: The Ultimate Guide
This article looks at taxes in Germany for non-residents. We will look at how to become tax non-resident in Germany and what the benefits are. We also look at some of the broader implications of German tax, including how the country levies its exit tax. European tax...
How to Get Residence in Georgia: The Ultimate Guide 2023
This article looks at how to get residence in Georgia, the different methods of doing so and the process involved. We'll also discuss some of the benefits you gain from obtaining residence in Georgia. Georgia has long been a favorite of everybody at Nomad Capitalist;...
Tax in France for Non-Residents in 2023: The Ultimate Guide
This article will discuss the tax in France for non-residents and the French tax system. We will also discuss tax-friendly jurisdictions where you can go to reduce your tax liabilities in France. France is renowned for many things. Unfortunately, this includes high...
How to Get Estonian Residence: The Ultimate Guide
Estonia is a strong candidate country for those seeking a European residence with a minimal physical presence requirement. This famously tech-savvy, business-friendly nation boasts favorable taxes and a strong start-up pedigree. In this article, we take an in-depth...
How to Get Czech Residence: The Ultimate Guide
If you want to obtain a second residence in Europe, the Czech Republic is a great all-rounder country to consider. It's a safe and affordable low-tax EU country with a stable economy, rich culture, heady nightlife, and a high standard of living. In this article, we...
How to Get Czech Citizenship by Descent in 2023: The Ultimate Guide
This article will take an in-depth look into Czech citizenship by descent (CBD), its eligibility requirements, benefits, and how to acquire it in 2023. Nestled in the heart of Europe, the Czech Republic offers a primary European base for a second home,...
How to Get Cyprus Citizenship by Descent in 2023: The Ultimate Guide
This article discusses Cyprus citizenship by descent (CBD), its eligibility criteria, benefits, and how to acquire it in 2023. Known for its breathtaking natural beauty, and tax-friendliness, Cyprus is an excellent option for people looking to reduce their tax...
How to Get Curacao Residence by Investment
The island of Curaçao, located in the Dutch Caribbean, is known for its tranquil coves and coral reefs. Curaçao also offers a second residence program. This article discusses how to get a Curacao residence by investment, what is involved in the application process,...
How to Get Residence in Croatia: The Ultimate Guide
Would you like to know what is required for Croatian residency? A residence permit for Croatia can open the door to Europe and help you go where you're treated best. Nomad Capitalist can help you secure Croatian residence and create a holistic strategy to help you...
How to Get Costa Rica Residence: The Ultimate Guide 2023
This article discusses Costa Rica residence. You will learn how to become a temporary resident or obtain permanent residency with information on the different types of permits and how to apply. Costa Rica is one of the more popular destinations that we feature on this...
How to Obtain Bulgarian Residence: The Ultimate Guide 2023
This article discusses how to obtain a Bulgarian residence permit, what the requirements are and the benefits you receive from meeting them. A second residence can change your life and a Bulgarian residence permit gives you better value for money and access to Europe....
How to Get Bolivian Residency: The Ultimate Guide
This article will walk you through the critical steps involved in obtaining a Bolivian residency, as well as the associated costs and available visa options based on individual circumstances. Additionally, we will highlight the many advantages of Bolivia, from its...
How to Get Residency in Belize: The Ultimate Guide
We've put together this guide to assist you in obtaining residency in Belize. In this article, we’ll discuss the different residency programs the country offers and walk you through their requirements. Belize, a captivating country in Central America, is gaining...
How to Get Belgian Citizenship by Descent in 2023: The Ultimate Guide
In this article, we'll take an in-depth look into Belgian citizenship by descent, its eligibility criteria, and the benefits of Belgian citizenship. Belgium is one of Europe's most famous, developed, technologically advanced, and economically stable countries. The...
How to Get Argentina Citizenship and Residency: The Ultimate Guide
Argentina may have gotten its name from the Latin word for silver, Argentum. Still, the country is pure gold for foreigners looking to establish residency or citizenship in a big country with diverse and exciting opportunities. Argentina is the second-largest country...
How to Get Argentinian Citizenship by Descent in 2023: The Ultimate Guide
This article discusses how to get Argentinian citizenship by descent (CBD), its eligibility requirements, and benefits. Argentina boasts one of the largest economies in Latin America and is also extremely diverse in terms of terrain, making it an excellent choice for...
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
Regular readers will know we're big fans of Mexico at Nomad Capitalist, the country, the culture, its incredible scenery and beaches and, of course, its real estate. Any wonder the country has proven so popular with expats. The rewards for choosing Mexico as your...
10 of the Least Corrupt Countries in Africa
In this article, we'll navigate the complexities of corruption and present you with a fresh perspective on ten of the least corrupt countries in Africa. These African countries, known for their low corruption index scores as indicated by the Corruption Perception...
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 a world that can often seem uncertain it makes sense to have a Plan B. Since safety and security is a critical consideration, this article looks at the safest countries in the world. Our journey takes us through twelve nations recognized for their very low crime...
10 of the Safest Countries in Europe
In this article, have a look at 10 of the safest countries in Europe, particularly notable for their low crime rates, high global peace index rankings, and stable political environments. As the world continues to evolve, discerning individuals are increasingly seeking...
10 of the Safest Countries in Latin America
In this article, we'll reveal the top 10 of the safest countries in Latin America and the opportunities the region brings. These countries have shown significant political stability, low violent crime rates, and are notable for their high rankings on the global peace...
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
In this article, we will embark on a journey across the Asia to uncover the safest countries for nomads. Ranging from bustling cities in East Asia to the rich cultural heritage of Southeast Asia, we present to you a comprehensive list based on Global Peace Index...
The 13 Least Densely Populated Countries in the World
A second residence in a sparsely populated country can provide the freedom you seek and the opportunity to discover a frontier market. This article lists the least densely populated countries in the world. If you think your home country has too much power over you,...
Top 8 Richest Countries in the World
Interestingly, the 8 richest countries in the world are also some of the smallest countries, where residents enjoy an exceptionally high standard of living and plenty of business and investment opportunities. These highly developed nations have made a huge...
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...
What is the Cost of Living in Costa Rica: The Ultimate Guide
This article discusses the cost of living in Costa Rica and what should be your estimated monthly budget if you plan to move to Costa Rica short term or indefinitely. We will also briefly discuss the benefits of moving to Costa Rica and how to become a Costa Rican...
Cost of Living in Malta in 2023: The Ultimate Guide
This article discusses the cost of living in Malta and how affordable it is to live there compared to other (more famous) North American and European countries. We will also discuss day-to-day costs in Malta, like transportation, food, and housing. Malta is one of the...
Best Countries For Digital Nomads In 2023: The Ultimate Guide
In this article, we'll discuss the best countries for digital nomads, what makes a country digital nomad friendly, and how you can integrate the Nomad Capitalist lifestyle with digital nomadism. The pandemic changed the world. One aspect that completely transformed...
Best Cities For Digital Nomads In 2023: The Ultimate Guide
This ultimate guide will discuss the best cities for digital nomads, why they're considered the best, and how a digital nomad can go one step further and be a Nomad Capitalist. The digital nomad movement picked up pace during the pandemic, with many countries rolling...
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 2023
This article looks at moving to Grenada, how to do it, what things you need to consider, and what the pros and cons of living in Grenada are. At Nomad Capitalist, we help seven to eight-figure entrepreneurs, business investors, and other successful professionals...
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 2023: 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 Nomad Digital Residence Program
If you're new to the RCBI 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 Commonwealth nation is pretty famous among RCBI enthusiasts and travelers -...
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...
Best Countries to Move to From Canada
Canada is a fantastic country with a high quality of life and excellent healthcare, but sometimes people want a change. At other times governments can change, causing people to feel dissatisfied with their country and look for alternatives. At Nomad...
Safest Cities in Mexico for 2023
If you're planning a trip to Mexico but worried about safety, understanding that not all areas are equally dangerous in this large country is essential. At Nomad Capitalist, we understand that safety is a top priority for our clients. Plus, as our readers know, we...
Safest Countries in Europe for 2023: The Ultimate Guide
This article will discuss the safest European countries, what makes them so safe, and what features a country must boast to be considered safe. Although things are changing, Europe, especially Western Europe, is still considered the most developed region in the world...
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
This article will examine setting up tax residency in Cyprus, why it can be beneficial, and the application process. Does going offshore and finding a more favorable tax regime sound like a good idea? Cyprus offers no capital gains tax and no wealth or...
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 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...
The Best Nomadic Lifestyle Jobs (How to Land One)
Once reserved for the most adventurous, who had the ideal job, living as a digital nomad is now the norm for many. People want to live their best life without being dependent on anything, and the idea of working and traveling the world simultaneously appeals to many....
Digital Nomad Lifestyle: All Pros and Cons to Keep in Mind
This article discusses the digital nomad lifestyle and ways in which it can add immense value to your life. We will also discuss why the digital nomad lifestyle isn't for everyone. Fifteen years ago, few people could quit their full-time job to seek a remote career....
Top 5: Best Quality of Life Countries in Europe
Freedom. That’s the word we value the most here at Nomad Capitalist. Freedom to live a life as you want and especially where you want. Looking for a better and brighter future is in our DNA. Go where you’re treated best. That’s what we always say to our clients....
Living in Belize: An Expat Guide for 2023
This expat guide has everything you need to know about living in Belize. Our team conducted comprehensive research to make a complete guide, highlighting benefits but also drawing your attention to the pitfalls of moving to Belize. Belize is known as the jewel in the...
St Kitts Travel Guide for Families and Couples
This travel guide discusses everything you need to know before traveling to St Kitts. We will discuss how to get to St Kitts, what to do there, and why visit St Kitts in the first place. St Kitts and Nevis is an extraordinary and special place. Like Yin and Yang,...
49 Digital Nomad Visas to Get: The Ultimate Digital Nomad Visa List
The world has dramatically changed in the past few years thanks to the pandemic. Now, workers and location-independent business owners everywhere realize they don't need to stay in one place to get work done. Have you always dreamed of living as a digital nomad?...
Traveling to Antigua: Our Favorite Luxury Hotels
This article discusses traveling to Antigua and our favorite luxury hotels there. The two sister islands of Antigua and Barbuda have everything you need for a luxury vacation. Namely, all-inclusive resorts with direct beach access, exceptional spa experience, and...
Safest Countries for Women to Visit in 2022
Traveling solo is an eye-opening experience. Yes, I'm traveling the world solo. Hearing this from a female traveler in the past was unusual and even crazy, right? But in our modern world, solo female travel is getting increasingly popular. It's empowering, exciting,...
The Best Beach Towns in Mexico for Families and Expats
This article discusses the best beach towns in Mexico for families and expats. We will also briefly discuss how you can move to Mexico, what kind of visa you'll need, and what makes Mexico an excellent fit for people looking for the ultimate beach life. Mexico is one...
7 Best Things to Do in Seychelles: A Nomad Guide for 2023
This article discusses seven best things to do in the paradise island nation of Seychelles. If the goal is to enjoy the ultimate island vacation, you'd love Seychelles. Seychelles is an island paradise strategically located off East Africa, surrounded by the warm...
Millionaire Migration Trend: Best Places Wealthy People Live in
This article discusses millionaire migration trends, what causes wealthy individuals to move from one place to another, and the places they are moving toward. The definition of 'wealthy' varies. But generally, high-net-worth individuals (HNWIs) are hard-working...
Digital Nomad Visa to Get in 2022
The entrepreneurial landscape has drastically changed in the past years. The Covid pandemic highlighted the need for a more borderless way of doing business, cryptocurrency's importance, and offshoring's benefits. This, in turn, snowballed to global citizenship and...
5 Asian Countries with the Best Quality of Life
This article taps on two of our favorite topics – Asian countries and high quality of life. One look at our blogs or videos is enough to realize how we prioritize having a good quality of life. We aren’t a tax firm or a travel agency, and we are not even an...
How to Leave The US and Where to Go Next: 5 Easy Steps
Wondering how to leave the US? You are not alone. This article discusses how to leave the US and where to go next. The US has come a long way since its independence in 1776. Once a country synonymous with pride, freedom, and opportunities, the US, for many, has turned...
From 2025, UK Citizens Will Need an ETIAS Visa to Enter the EU
Although it may not sound particularly European, the Schengen Area, named after the Luxembourg village where the agreement was signed, includes 23 of the 27 EU member states, creating a borderless travel zone of over 4 million sq. kilometers. The agreement gives...
New Germany Travel Restrictions for Safer Travel in Autumn
Covid travel restriction in Europe has generally eased. But after a recent increase in covid infections, the federal government of Germany is proactively preparing a protection plan for autumn. According to a Reuters report, German Health Minister Karl...
A Latin American Landmark Turn: Petro Plans to Resume Colombia-Venezuela Diplomatic Relations
US citizens are often perceived as oblivious or even self-centered when it comes to being aware of the global economic landscape. Many US citizens don’t even know what is happening outside of their state and many even prefer it that way. Most US citizens won’t even...
Top 15 English-Speaking Countries for Expats in 2023
This article discusses top 15 English-speaking countries for expats where they don't need to worry about the language barrier. While some will find the total immersion in a foreign language enticing, romantic even, there are plenty of others who shudder just thinking...
The Great American Plan B: Protect Your Assets with Multiple Citizenships
There used to be a time when the United States was the symbol of greatness. What was referred to as the “land of opportunities.” is a now fallen great nation. A second passport for US citizens seems like the only rational way forward. If you are an American...
Why We’re Planting More Tax-Free Flags
This year at Nomad Capitalist Live, we talked about five types of new tax havens many of you might not have thought about. These are places that you can go to pay either zero tax or a very low tax rate. What we shared with the audience at Nomad Capitalist Live was...
“Rich Dad Poor Dad” Talks About Capitalism, Politics, and Freedom
Robert Kiyosaki is one of today’s most successful entrepreneurs and public figures. He is more popularly known as Rich Dad Poor Dad, in reference to his popular book. He has publicly expressed his sentiments regarding politics, business, and the rise of...
The Best Tax Havens for Families
When deciding where to live, taxes are one of the biggest concerns for some people. Taxes determine the total cost of living in a country. In some places taxes are higher, and in others they are lower than most. Some countries take into account the finances of their...
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...
The Safest Low Tax Countries in the World
Many of us have been brought up to believe that, in order to live in a safe country with a stable economy, one has to hand over considerable amounts of money in taxes to the government. But that's simply not true. Which is why we decided to put together this...
7 Tax-Friendly Countries with High Life Expectancy
Living in countries with high life expectancy ensures that you and your family live comfortably for the remainder of your lives. It also means that you can make the most of the opportunities provided to you. Unfortunately, most of us probably don't live in countries...
Five Ways to Prepare for Second Residence or Citizenship
At Nomad Capitalist, we've helped hundreds of people get second residence or citizenship using various immigration schemes. As exciting as the journey to claiming your second passport may be, it's a process that you need to be prepared for. Going through these...
The Best Cities for Expats with Southern California Weather
Geographically, we get the appeal as to why many people live and crave the weather in Southern California. It’s warm, it’s always sunny, and people just give off an entirely enthusiastic vibe. However, if you don’t want to live in the United States of America, where...
Why We Hire in Eastern Europe
Globalization has made it possible to exchange cultures, ideas, skills, and talents easily. The business landscape of the world continues to change on a drastic scale. One of the biggest and most apparent changes has been with the hiring process of Eastern European...
13 Passports on China’s Visa-Free Countries List
China is, undoubtedly, one of the most popular and populated countries in the world. If you’re an entrepreneur or an investor, then you might find yourselves coming and going to the country frequently. But is your passport on China’s visa-free countries list?...
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...
Living in Monaco | An Expat Guide
From James Bond to Grace Kelly, Monaco has been both a home and a vacation spot for many celebrities and wealthy elite, both fictional and real. Monaco is located near the south of France, with France on three sides and the French Riviera, and the Mediterranean...
Living in Eastern Europe: The Hidden Gems
This article discusses the hidden gems of Eastern Europe - countries that are highly underrated but provide immense value and opportunities to investors, entrepreneurs, and digital nomads. When people think of Europe, they think of high taxes and inflated cost of...
Top 14 English Speaking Countries for Expats
Have you been itching to live abroad or start working towards a second passport, but one thing has been stopping you? You're monolingual. "Do you speak English?" – asking this over and over again and fumbling for the right words to order a coffee or even register at...
Travel to Russia Visa-Free with These Passports
Through the years, Russia has claimed its place as one of the world’s superpowers. While its economy has steadily grown since the past wars, visa-free travel to Russia still isn’t that common. Sure, there are ways for you to travel to Russia, although most of the...
The Freedom of Being An Economic Citizen in 2023
This article discusses the freedom of being an economic citizen and how it can add value to your passport and investment portfolio while also lessening your tax burden - if done holistically. Economic citizenship can expand your travel freedom, improve your banking...
Will A Plan B Passport Affect My Travel Benefits?
Dateline: New Delhi, India Today I want to talk about one of the challenges people face when they get a new passport. One of the first questions that new passport holders face is “Should I use it?”, “How do I use it?” and “What’s going to happen?” Even I fall into...
Overseas Real Estate Investing & Economic Citizenship Paperwork
This article discusses the paperwork associated with economic citizenship programs and the real estate investment routes of CBI programs. Paperwork is just part of the second passport deal. Now, the main economic citizenship programs most people look at, particularly...
How to Use The Belt and Suspenders Strategy: Visa-free Travel in Return
This article discusses how to use the belt and suspender strategy when it comes to second passports and residencies. One of the biggest concerns that second citizenship seekers have involves the lower quality of the passport they are obtaining through either...
Why I Decided to Get Citizenship through Investment
Dateline: Tbilisi, Georgia I have become a big advocate of economic citizenship and I’m giving you an inside look at the experience. As one of the few people in this industry who shares his unfiltered experiences of planting flags, I thought that it was about time...
Five Things I Love About Mexico City
Dateline: Istanbul, Turkey Mexico City is probably one of our favorite cities ever – not because it’s one of the most accessible cities in the Americas, but because it’s a city filled with culture, history, and amazing people. Mexicans from Mexico City are called...
Countries with the Best Healthcare
Dateline: Dubai, United Arab Emirates Having access to quality medical care is an important consideration for many people who want to move overseas and live the Nomad Capitalist lifestyle. What’s interesting though is that many people believe that their country...
Living in Singapore: An Expat Guide
In this article, we're going to go over everything Singapore expats need to know about living in Singapore, including when to be there, where to live, and what there is to do, as well as options for obtaining residence and how to go about investing and banking. The...
I Left the USA for Good. Here’s Where I Moved to
Dateline: Mexico City, Mexico It’s no secret that I left the United States. Early on I could tell it wasn’t where I was treated best and so I went in search of what was best for me. Since I’ve left, I commonly get asked by people new to Nomad Capitalist, where I...
The Easiest Countries to Move to From the USA in 2023
This article discusses the easiest countries to move to from the US. Whether you're a digital nomad on the lookout for your next nomadic destination or you want a country where you can move long-term after leaving the US for good, this article will have useful...
What to Do When “America First” Outlives Trump
Dateline: Bogota, Colombia Just the other day, I wrote about why I stopped following politics rather than stay and fight against a system that I did not agree with. Today, in light of Joe Biden’s inauguration, let me just further cement why entrepreneurs and investors...
The New Travel Hacking For Nomad Capitalists
Dateline: Belgrade, Serbia For years, I spent a lot of time and effort making sure I collected every mile, every point, and every travel reward to make sure that I got as much free travel as possible. I was obsessed with travel hacks. Now, after years of being...
New Government Restrictions Only 2020 Made Possible
Dateline: Belgrade, Serbia By all counts, 2020 has been an interesting year. If a global pandemic and economic shutdowns were not enough, many governments have taken to limiting the freedom of movement of their citizens in more ways than one. I recently...
6 Best Places to Live in Montenegro for Expats
In this article, we will walk you through different places you might want to consider if you want to live in Montenegro and enjoy a luxurious lifestyle. It's ridiculously easy to plant your business flag in Montenegro. The country lets you set up a company with...
The 4 Best Places to Live in Malaysia for Expats
This article discusses the 4 best places to live in Malaysia for expats. We'll also discuss why expats should consider Malaysia over more popular expat spots. Malaysia is a great, business-friendly, affordable, and pleasant place to live as a Nomad Capitalist, whether...
Living a Nomadic Lifestyle with Children and Family
This article discusses how to live a nomadic lifestyle with children and family. Some nomads love a spontaneous lifestyle - just pack up your bags and book yourself a flight to your next destination. Others, however, may need to plan more - especially the nomads...
The Cheapest and Safest Places to Live in The World
This article discusses the cheapest and safest places to live in the world. We'll also discuss the Western prejudice that anywhere other than Western countries is unsafe. A lot of people want to know where they can live to get good value for their money without...
Beware of Doom and Gloom: Why I’m Not a Permabear
Dateline: The Serbian Countryside Elections, pandemics, conspiracy theories, civil unrest, earthquakes, hurricanes... we live in some interesting times. But personally, I have never had greater peace than I have right now. Whenever there is a panic - whether it’s the...
What Happens to Nomad Capitalists if Trump Wins
Dateline: Belgrade, Serbia The upcoming election in the United States has a lot of people on edge. Many are wondering what will happen next. Among the high-net-worth investors and entrepreneurs that we work with at Nomad Capitalist, many are preparing a Plan B. ...
How to Get Polish Citizenship by Descent
This article discusses Polish citizenship by descent, its benefits, and step-by-step application procedure. While countries like Ireland and Italy are well known for offering citizenship by descent to those with Irish and Italian ancestors, respectively, Poland has...
The Best Countries without Taxes in Asia
This article discusses the best countries without taxes in Asia and how moving there can add value to your life. When we think about countries with no income tax, our brain often goes to the Cayman Islands: The British overseas territory, Saint Kitts and Nevis, the...
5 Dos And Don’ts When Moving Overseas
In this article, we'll talk about the dangers of being addicted to one country, the risks associated with falling for the brand name trap, why it's best to recognize when you're not wanted somewhere, and how to make the best decisions about where to live when moving...
The Best Spanish-Speaking Countries for Nomads
This article discusses the best Spanish-speaking countries in the world. As languages go, English is a pretty useful one, owing to the fact that the British Empire used to control most of the world. And now, with the hegemony of the US, it's the lingua franca wherever...
How to be a Happier MGTOW by Dating Overseas
Dateline: Kuala Lumpur, Malaysia If you’re looking for something to be outraged and mad about, you will find it. Be it politics, the culture wars, or gender dynamics, you will find it. Always. Some people define themselves by the anger, sadness, and resentment they...
Living in the “Third World”: It’s Better Than You Think
This article discusses the third world and why living there is far better than it's portrayed. For once, the world is changing. Investors and entrepreneurs are moving toward Asia to enjoy all the perks and opportunities there. In contrast, the West is increasing...
The Best Small Towns in Europe for Quiet Living in 2023: The Ultimate Guide
This article discusses the best small European towns for quiet living. At Nomad Capitalist, we receive a diverse range of clients. While many people like the hustle and bustle of city life, most are interested in tranquil towns with a great standard of living. After...
How To Travel and Work Remotely Around The World
This article discusses how to travel and work around the world and how to succeed in it long-term while expanding your business in the process. We’ll also share some lessons that will help you avoid becoming just another number on the long list of people who gave up,...
5 Countries for Expats Better Than New Zealand
This article discusses five countries for expats that are better than New Zealand. Many high-net-worth individuals go to New Zealand to enjoy nature, protect their assets, establish a place to retire, and possibly pursue citizenship. Typically, the clients who...
7 Underrated Cities for Expats and Nomads in 2023
This article discusses the seven underrated but excellent cities for expats and nomads in 2023. With the whole world at your disposal, it doesn't make sense to stay where you were born. Several cities have become well known among nomads and expats as the place...
7 Tax-Friendly Countries for High-Net-Worth Expats
This article discusses seven tax-friendly countries for high-net-worth expats where they can go to enjoy the good life in exchange for low or even zero taxes. Here at Nomad Capitalist, we often talk about my five magic words: “Go where you're treated best." You can...
Living in Dubai, UAE: An Expat Guide
This article discusses living in Dubai, UAE – the most well-known emirate in the UAE. We will discuss the quality of life in Dubai, its best neighborhoods, the cost of living, and other important factors like expat life and safety. Dubai is the ultimate expat hotspot,...
The Best Tax-Free Countries for Americans
This article discusses the best tax-free countries for Americans where they can go to legally reduce their taxes, generate more wealth, and increase their peace of mind. Finding tax-free countries for Americans that work with US citizenship's various rules and...
What is a Non-Dom (Non-Domiciled) Tax Program for Low Tax?
Non-dom or non-domiciled individual tax programs have gained a lot of attention recently. After the revelation that UK Prime Minister Rishi Sunak's wife, Akshata Murty, claims non-dom status through her Indian citizenship, the conservatives have come under renewed...
How to Pay Low Taxes with Spain’s Beckham Law
The Special Regime for Displaced Workers, or Beckham Law, as it has become known, was introduced by Spain in 2004 to attract talent and qualified workers from overseas. The law, famously created to bring David Beckham to Real Madrid, has ironically been axed for...
How to Pay Low Taxes in Malta as a Non-Dom
Europe is not known for low taxes. However, certain countries provide regimes that can help alleviate your tax burden. Living in Europe is appealing, particularly if you come from a Western country and want to be in a familiar cultural environment. Malta is one...
How to Pay Low Taxes in Ireland as a Non-dom
There are plenty of good reasons to move to Ireland. It's a vibrant and friendly country and, in recent times, one of the most economically successful in the world. If you're a high-net-worth individual, Ireland's Non-dom scheme is a legal method to live there...
What is a Territorial Tax, and How to Use it to Pay Zero Tax?
Territorial taxation is a form of taxation basis that means when someone is resident in a place, then only what is determined local income is taxed. It doesn't apply to tax non-residents. The definition of local income is where it gets tricky, as we will...
The Difference Between Tax-Free, Low-Tax, Tax Exempt, and Non-Dom Countries
Lowering your taxes or eliminating them entirely is something that many of us aspire to, especially if we live and work in the West. Aggressive high-tax policies and burdensome regulation are a fact of life in most advanced Western countries. And it’s not just income...
Why You Need An Offshore IRA
This article discusses why having an offshore IRA can provide greater flexibility than a traditional IRA. You will learn why this method is superior for building up retirement funds by opening up investment opportunities to places where you can enjoy higher yields. We...
The Ultimate Guide To International Trusts
While foreign jurisdictions can seem distant and unfamiliar, the benefits of offshore trusts are numerous and worth taking note of. Having an offshore trust can provide considerably strong layers of asset protection making it virtually impossible for creditors or...
What Is A Family Trust? Plus How To Set Up One
This article looks at the topic of family trusts, what they are, the benefits they provide and the various types available. We also discuss how to set up a family trust, plus some of the key considerations you will need to keep in mind while drafting your trust...
Best Jurisdictions For Offshore Trust Formation
This article looks at the topic of offshore trusts with details on some of the most popular offshore jurisdictions. In it, you will learn how international trusts work and how they can help protect assets while also ensuring you don't pay taxes unnecessarily. We...
Offshore Trust – Why You Need an Offshore Trust
This article looks at the topic of offshore trusts. In it you will find information on what offshore trusts are, how to set one up, the various benefits they provide, as well as details on some of the most popular jurisdictions for establishing offshore trusts. At...
Best European Countries to Start A Business in 2023: The Ultimate Guide
This article discusses the best European countries to start a business and the benefits of starting a business in Europe. When they think of Europe, most people only consider Western European countries like France, Germany, Austria, or the UK. Although economically...
What is US Self-Employment Tax in 2023: The Ultimate Guide
This article discusses the US self-employment tax, who files it, and how to file it in 2023. We will also discuss who is considered self-employed for IRS tax purposes. Self-employed individuals typically enjoy greater flexibility and autonomy when it comes to their...
Best Credit Cards for Nomads
Are you an entrepreneur or digital nomad who travels frequently or for long periods of time? If so, you will need the best credit card for nomads, which not only gives you access to your funds but also lets you earn points and offers protection while you travel. Our...
How to Pay Low Taxes in Cyprus as a Non-Dom
With its favourable tax regime and extremely low presence requirement, Cyprus is an excellent choice for anyone who wants to spend at least part of the year on a friendly, sun-drenched Mediterranean island. This article explains Cyprus's Non-Dom status, how you can...
What is a Non-Dom (Non-Domiciled) Tax Program for Low Tax?
Non-dom or non-domiciled individual tax programs have gained a lot of attention recently. After the revelation that UK Prime Minister Rishi Sunak's wife, Akshata Murty, claims non-dom status through her Indian citizenship, the conservatives have come under renewed...
How To Find The Best Asset Protection Lawyer
This article discusses how to find an asset protection lawyer or attorney to help you protect your assets and your wealth. Asset protection lawyers work to protect your assets from those who wish to lay claim to them. There is always an ever-present possibility that a...
Pros And Cons Of An International Trust
This article looks at the pros and cons of international trusts versus domestic trusts. We'll look at some of the benefits of offshore trusts, while also discussing the broader income tax implications. Setting up a foreign trust can be a great way to protect your...
What Is A Bridge Trust?
This article looks to define a bridge trust, what it is, how it works and why you might want to use one. If you have built up your wealth with care and hard work you have every right to be concerned about those who might try to seek to gain access to your assets...
What Is A Spendthrift Trust?
This article will answer all your questions regarding spendthrift trusts, including, "What is a spendthrift trust?" and "How does a spendthrift trust work?" Spendthrift trusts allow for the protection of property and assets. They are often used for inheritance...
Three Little-Known Asset Protection Strategies
In this article, we will look at three little-known asset protection strategies to help protect your wealth. We investigate the best ways to protect assets and challenge the conventional wisdom of some of the more common asset protection strategies, including details...
Revocable vs Irrevocable Trust – Which Is Best?
This article looks at revocable and irrevocable trusts, what they are, what benefits they provide and when to use them. We look at the difference between a revocable vs irrevocable trust and look at revocable vs irrevocable trust usage cases to determine which one is...
If Someone Sues You Can They Take Your House?
This article answers the question of whether if someone sues you or takes legal action against you they have the right to take your house from you. We also look at the different types of legal action you may find yourself embroiled in and why taking proactive steps to...
What Are Tenants in Common?
This article looks at the topic of tenancy in common and the different forms of property ownership. First, we answer the question, "What are tenants in common?" And then look at some other forms of tenancy which are in common use today. Are you a real estate investor...
What Is A QTIP Trust? Qualified Terminable Interest Property Trusts
This article looks at the topic of QTIP trusts to help you understand exactly what a qualified terminable interest property trust actually is, how it works, the advantages they offer and why you might want to use one for your estate planning purposes. With a QTIP, you...
What Is A Holding Company? – Ultimate Guide
In this article we ask, what exactly is a holding company? We explore the benefits that holding companies provide and the various types of holding companies in popular use today. Done correctly, the use of holding companies can help to make your business operations...
CBDCs and the Fight Against Financial Crimes
The adoption of the Central Bank Digital Currency (CBDC) is heralded by many as the beginning of a new global financial era. Despite the fact that 130 countries are exploring CBDCs, including all of the world’s major economies, the topic is contentious. In an...
Understanding the Legal Framework for CBDCs
Central bank digital currency (CBDC) is a digital form of fiat currency which is pegged to the sovereign currency of the issuing nation. Although governments recognize that legal considerations are critical to the development of digital currencies, they’re just...
The Impact of CBDCs on Cross-Border Payments and Remittances
Cross-border payments are a vital function of the global financial system. The Bank of England estimates that their global value will grow to US$250 trillion by 2027 - a rise of $100 trillion since 2017. Despite their importance, however, they have been beset by...
CBDCs in Different Countries: The Global Picture
Is the world on the brink of radical financial change? Over the next few years, Central Bank Digital Currencies (CBDCs) could reinvent the future of global money and financial systems. Central banks in 130 countries, at varying stages of progress, are now...
The Security Challenges of CBDCs and How to Overcome Them
The adoption of Central Bank Digital Currency (CBDC) is gaining traction across the globe, with 130 countries now exploring their use, according to The Atlantic Council. This new form of digital money is issued and guaranteed by central banks and pegged to a...
CBDCs and Privacy Concerns: What You Need to Know
With plans for the introduction of a Central Bank Digital Currency (CBDC) gaining momentum in all major economies, concerns over the impact on privacy are growing. During the European Central Bank’s consultation process, 8,200 comments received from the public...
How CBDCs Could Change the Global Financial Landscape
There is little doubt that Central Bank Digital Currency (CBDC) will have far-reaching effects on the global financial system. With dwindling use of cash, digital banking on the rise, and privately held digital assets growing, CBDCs could be set to usher in a new...
The Future of Digital Money: CBDCs versus Decentralized Cryptocurrencies
With the use of cash for everyday purchases declining and electronic payments the norm for many, Central Bank Digital Currencies (CBDCs) are emerging as a viable alternative to paper money. In a recent study, Pew Research Center reported that 41% of US...
How to Invest in CBDCs?
The evidence that Central Bank Digital Currencies (CBDCs) could soon replace physical cash, topple crypto, and cause a major reorganization of the global financial system is there for all to see. Are you looking to diversify your portfolio and get access to...
Platinum vs Gold Investment
As a high-net-worth individual and entrepreneur, you are likely familiar with the most popular investment options, stocks, bonds, ETFs, and commodities. Are you looking for further diversification? Here we will examine an investment option worth considering that you...
Are Gold Foil Notes a Good Investment
Until the 1930s, most currencies were backed by gold, meaning that the price of stand unit of currency was fixed to a specific amount of gold. President Nixon eliminated the gold-backed dollar in 1971, and since then, the purchasing power of the USD has fallen 86%, in...
Is 18 Karat Gold a Good Investment
The short answer to this question is no. But to answer whether 18 karat gold is a good investment or not really depends on your reasons for purchasing this precious metal. Are you looking for a way to diversify your portfolio? Would you like to know more about the...
Gold and Silver Prices
In May this year, gold peaked above $2,050, in line with US debt ceiling talks. Most economists and analysts predict that the gold and silver markets will remain bullish, expecting prices to rise while still expecting a recession in the latter half of this year. ...
The Cheapest Place to Buy Gold
Gold remains the ultimate safeguard for preserving wealth. By understanding what the best gold coins, bullion bars, and sellers are, you have the opportunity to purchase these valuable assets at reasonable premiums. These precious metals not only help preserve...
Biggest Gold Nugget Ever Found
Gold fever and the notion of traveling to a newly discovered goldfield to find one's fortune have gripped people for centuries. The value we place in gold has not diminished, and not so long ago, nearly all currencies were backed by the precious metal. As...
Why Indians Buy Gold
Gold holds enormous cultural significance across the globe, being used for jewelry and worldwide trade. But, one nation stands out for having a special relationship with this precious metal. Here we will discuss why Indians buy gold and what lessons we can learn....
Disadvantages of Investing in Gold
When compared against other asset classes and investment choices, it becomes strikingly clear that gold, without a doubt, emerges as a superior route for safeguarding long-term wealth and ensuring a diversified portfolio. However, as with all investment options, there...
The World’s Largest Gold Mines
The world's largest gold mines have shaped nations' economies, fueled exploration and colonization, and led to social changes in local communities. Gold mining is a thriving global enterprise spanning the globe. According to a World Gold Council survey, after a...
What is Internal Control over Financial Reporting (ICFR)?
This article looks at the topic of Internal Control Over Financial Reporting (ICFR). It discusses the various aspects that make it up, including the importance of reliable financial reporting and having robust internal controls in place. These not only ensure you are...
Do S Corps Get 1099 in 2023: The Ultimate Guide
This article discusses one of the most common questions about S corporations' tax status, "Do S Corps get 1099?". We will also discuss the IRS 1099 form, its types, who can receive it, and who files it. IRS has over 800 forms and schedules that US taxpayers and...
What is Form 1099A: The Ultimate Guide for 2023
This article discusses Form 1099-A, who files it, who receives it, what its constituents are, and what it could mean for your tax returns. The Internal Revenue Service (IRS) is known worldwide for its stringent and non-flexible stance on tax and reporting...
What Business Makes the Most Money?
The World's Most Successful Companies include Saudi Aramco, Apple, Microsoft, and Google, all, with one exception, have one thing in common. In this article, we will discover what this is and look at what exactly makes these companies so successful. If you are...
Easiest Bank Accounts in Europe
Dateline: En route to Tivat, Montenegro Having at least one offshore bank account can not only help diversify your funds, but serve as what we call a “tunnel” to be able to move more funds overseas in the future as needed. With the world getting crazier, having assets...
LLC Taxation for Non-US Residents in 2023: The Ultimate Guide
This article discusses LLC taxation for non-US residents, how non-US residents can benefit by forming a US LLC business, and its costs. Despite its tax burdens and other stringent business regulations, the US can still be a favorable jurisdiction for many foreign...
Buying Gold Bars vs. Coins: Pros and Cons
If you're looking to delve into the world of physical gold investments, you must first determine your approach. Specifically, you need to determine the type of gold you intend to acquire. In the world of investment gold, the main choices are between gold coins...
How to Buy Gold: an Ultimate Guide
In the words of Nomad Capitalist Event speaker Robert Kiyosaki, Gold and Silver are God's money. They were here before us and will be here long after we are gone. Are you interested in protecting your wealth and diversifying your portfolio by investing...
The Best Countries to Buy Gold in 2023: The Ultimate Guide
This article discusses the best countries to buy gold, some tips regarding buying precious metals, and what kind of gold you should purchase or invest in. Central banks worldwide are buying more gold, with China leading the way. China has been steadily increasing its...
Low Taxes in Europe – The Greek Tax Loophole
In this article, we look at a little-known Greek tax loophole that potentially allows you to pay single-digit tax rates. More importantly, this method is 100% legal – the Greek government wants you to take advantage of this regime. Think Europe's all...
Sole Proprietorship vs. LLC in 2023: The Ultimate Guide
This article compares having a sole proprietorship vs. an LLC, their respective formation processes, and their advantages and disadvantages. It will also discuss how you can select the business entity that suits your needs. You've probably heard about various business...
California Prop 19: How To Protect Your Estate in 2023
This article discusses California Prop 19, its background, how it can affect your estate planning, and how you can protect yourself from its hefty tax consequences. California Proposition 19 poses a massive issue for California real estate owners planning to create...
California Capital Gains Tax in 2023: The Ultimate Guide
This article discusses California capital gains tax in 2023, its rates, how its levied, and some tips to reduce your taxes legally. The US is among the countries with the highest tax rates. Not only that, it's one of the only two countries that impose...
New Mexico vs. Wyoming vs. Nevada vs. Delaware LLC Comparison
This article discusses New Mexico vs. Wyoming vs. Nevada vs. Delaware LLC formation, their differences, and their benefits. New Mexico, Delaware, Wyoming, and Nevada are the only four US states allowing the formation of anonymous LLCs. That's why they're also...
What is an Anonymous LLC and Where Can You Set It Up in 2023
This article discusses the definition of an anonymous LLC, forming an anonymous LLC, its benefits, and jurisdictions that allow the formation of anonymous LLCs. Company formation is a significant part of a holistic offshore strategy. Forming a company can qualify you...
S Corp vs LLC vs C Corp: What Expat Entrepreneurs Must Know
There’s an element of uncertainty involved in every entrepreneurial endeavor. Being your own boss can be liberating, and have many benefits. It also means that you are exposed to the possibility of someone coming after your company. Even if you have a high...
Asian Countries and Their Currencies – The Nomad Capitalist’s Guide
In this article, we'll have a look at the diverse and dynamic world of Asian countries and their currencies, a subject of interest for seasoned travelers and savvy investors alike. As the largest and most populous continent, Asia's unique blend of cultures and...
The Best CD Rates in 2023
The Federal Reserve increased interest rates in the US seven times in 2022 and three times already in 2023, and the current national CD rate is now an average of 1.36% APY (annual percentage yield). If you're happy to go offshore, you can take advantage of much...
Alternatives to a High Yield Saving Account
Are you looking for an alternative to so-called "high-interest" savings accounts? Would you like to gain access to interest rates of upwards of 10%? Keep reading for our alternatives to traditional savings accounts that offer both high interest rates and asset...
The Tax Consequences Of Diamond Hands
If you're a crypto investor, or a stock investor looking to get into crypto, understanding your tax obligations early on is critical to your ongoing success. And if you're in a Western country, especially the US, it doesn't take long to realize you badly you're being...
The Ultimate Guide to Gold Coins
Leading economists have predicted that an economic crisis is fast approaching, with slightly differing opinions on how it will impact economies and assets; however, they all agree that the value of gold will continue to increase. Precious metals, such as gold bullion...
The Ultimate Guide to Silver Coins
The price of precious metals is rising, and analysts predict that the spot price of silver will stay above $25 throughout 2023 and could even reach the highest price seen in a decade. It is not surprising that silver is currently in demand. With consistent...
Why You Shouldn’t Buy Numismatics
Are you interested in numismatics? Certainly, a fascinating field that encompasses history and economics, but is it a good investment or a viable asset protection option? Here we will discuss what exactly these coins are, why you shouldn't buy numismatics, and what...
The Best Gold Coins to Buy (from Kruggerands to Maple Leafs)
Since the moment humans first discovered gold, its appeal has captivated us. This shared fixation for gold across all civilizations led to the widespread acceptance of gold as a medium of exchange, ultimately giving rise to the gold standard. Although the gold...
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. ...
Reporting & Compliance: What Is J-SOX?
This article looks at J-Sox, what it is, the principals of J-Sox compliance and the importance of reporting and compliance for publicly traded companies in general. We also look at how J-Sox compares with the Sarbanes–Oxley Act of 2002, the relevant piece US...
How Banks Conduct Financial Due Diligence
Understanding the due diligence process and how banks carry out their compliance duties is crucial for anyone looking for an offshore banking solution that best suits their needs. Not all financial institutions are alike. Not all financial jurisdictions are alike....
10 of the World’s Fastest Growing Economies
This article will walk you through the world’s fastest-growing economies. As a global citizen, it's critical to keep yourself updated about the most dynamic and promising destinations for potential investments, business ventures, and potential new homes. This guide...
Countries with Highest Salaries in 2023
Economists are predicting a difficult period ahead, with many predicting a coming recession. However, the good news is that there are still opportunities in the job market. Are you looking for a career change in 2023? Or do you want to take advantage of...
What is the Average Salary In Mexico?
Here at Nomad Capitalist, to help you make wise choices and maximize your investments, we will thoroughly summarize the average salary in Mexico. Mexico has long been a popular option for American businesses looking to gain a competitive advantage through...
Best Countries for Offshore Companies in 2023: The Ultimate Guide
This article discusses the best countries for offshore companies, what you should look for in an offshore jurisdiction, and the benefits of offshore company formation. "But is it legal?" - that's the question we often hear from investors and entrepreneurs regarding...
Best Performing Currencies of 2022: The Ultimate Guide
This article will discuss the best-performing currencies of 2022, which led the global trade, and how different currencies in the world fared compared to the US dollar, which is considered the base currency for many currency indices. Why would anyone be interested in...
Where Do Rich People Keep Their Money?
This article answers the question, "Where do rich people keep their money?" It also looks at how they save it, and, most importantly, how they invest it and expand it to create generational wealth. There are over 56 million millionaires and 2640 billionaires in the...
What is a SOFOM in Mexico? (Sociedad Financiera de Objeto Multiple)
American investors and entrepreneurs have always preferred Mexico to diversify their investment and residency/citizenship portfolio thanks to its close proximity to the US, investment opportunities and a skilled workforce. Be it real estate, citizenship by descent,...
What are Liquid Assets and How Can They Improve Your Portfolio
This article discusses liquid assets, their types, and the difference between liquid and non-liquid assets. It will also look at the advantages of liquid assets and how purchasing them can add value to your investment portfolio. Cash is king. You've probably heard...
What is Withholding Tax in 2023: The Ultimate Guide
This article discusses what is withholding tax in 2023, its definition, and the concept of withholding taxes in different jurisdictions. Unless you live in a tax-free jurisdiction, you're subjected to many taxes. The US tax authority IRS, alone, has over 800 forms and...
Time Value of Money Explained with Examples
The Time Value of Money idea is why interest rates exist and why investing early is advisable, based on the principle that money is more valuable now than it is in the future. Whether you are an investor, or entrepreneur, you need to understand the time value of...
What are Hard Assets and How Can They Improve Your Portfolio
This article discusses hard assets, the different types, and the difference between hard and soft assets. It will also look at the advantages of hard assets and how purchasing them can add value to your investment portfolio. At Nomad Capitalist, an investment...
How to Protect Yourself Against CBDCs
The United States is just one of 114 countries that are pursuing a Central Bank Digital Currency. CBDCs won't happen overnight, but unfortunately, CBDCs are more and more inevitable as major economies advance their digital currencies. So, what exactly are CBDCs, and...
Foreign Asset Reporting: Types of Reportable Foreign Accounts & Assets
Taxes are confusing - we can all agree on that. All the asset reporting, consulting with CPAs, filling the never-ending paperwork, and trying to make sense of tax raises each year is enough to drive anyone crazy. On top of that, some countries have made it their...
How To Create a Roth IRA Like Peter Thiel
Can you turn $2,000 into $1.5 million with a Roth IRA? That's exactly what entrepreneur and the co-founder of PayPal, Peter Thiel did. The impressive gains of the Peter Thiel Roth IRA account elicit the question, could I achieve the same results with an initial...
Countries with the Lowest Corporate Tax Rates in 2023
Corporate income tax rates vary from country to country. However, the average tax rate worldwide is around 23.64%. The highest corporate tax rate is 50% in the tiny African nation of the Union of the Comoros. Thankfully, countries like the Comoros are outliers...
Establish a Vanuatu Tax Residence: The Ultimate Guide
Vanuatu is primarily known for its island paradise appearance and favorable tax code. The national tax code is extremely limited with most wealth and profits are non-taxable. If you’re hoping to go someplace where more of your wealth stays with you, then Vanuatu is a...
Benefits of Cyprus Tax Residency for Non-Domiciled Residents
Are you searching for a non-dom tax regime? A Cyprus tax residency can benefit non-domiciled residents. We can help with Cyprus income tax or advise on what it means to be domiciled tax residents in other countries, with our holistic offshore plans, we ensure you go...
Why Establish Tax Residency in Uruguay
To attract more foreign investment to the country, Uruguay has made it easier to become a tax resident there. If tax reduction is your objective, the favorable tax rates offered by this South American country could be an option worth exploring. You can learn more in...
Tax Incentives for UK Non-Residents
As a non-resident of the UK, what tax incentives do you qualify for? Is tax reduction a goal? You can lower your taxes as a non-UK resident. Read on to get an overview of the tax benefits available for UK non-residents. You may be surprised to discover that Britain's...
Taxes for Non-Doms in the UK: The Ultimate Guide 2023
If you're a UK non-domiciled resident with a permanent home outside the jurisdiction, you will pay tax differently than a standard resident. You can achieve a tax reduction which is the end goal for many nomad capitalists. This article covers the non-domiciled tax UK...
Banking in the UK: The Ultimate Guide 2023
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 2023
How could setting up a company in the United Arab Emirates work for you? Going offshore is a way to reclaim financial freedom, and starting a business in top-tier Dubai is the smartest of moves. Our comprehensive overview covers everything about a UAE...
Banking in UAE: The Ultimate Guide 2023
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...
Establishing Tax Residence in Turks And Caicos Islands
Turks and Caicos is a beautiful island country in the Caribbean, where the weather is tropical all year round and home to one of the largest coral reefs in the northern hemisphere. The beautiful beaches and tranquil environment make it a hot spot for tourists and...
Benefits of St. Kitts and Nevis’ Tax Residence
This article looks at St. Kitts and nevis tax residence, how to become tax resident there and the benefits that St. Kitts and Nevis tax residency bestows. The Caribbean nation of St. Kitts and Nevis is a popular offshore jurisdiction for banking and offshore trusts,...
Banking in St. Kitts and Nevis: The Ultimate Guide 2023
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...
Spain’s Special Expat Regime: The Ultimate Guide
This article discusses Spain's special expat tax regime. It's known colloquially in Europe as the "Beckham Law", named for the famous English soccer star, David Beckham, one of the more high-profile beneficiaries of the tax regime. We kick off with a look at how this...
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...
The Best Nomadic Lifestyle Jobs (How to Land One)
Once reserved for the most adventurous, who had the ideal job, living as a digital nomad is now the norm for many. People want to live their best life without being dependent on anything, and the idea of working and traveling the world simultaneously appeals to many....
Digital Nomad Lifestyle: All Pros and Cons to Keep in Mind
This article discusses the digital nomad lifestyle and ways in which it can add immense value to your life. We will also discuss why the digital nomad lifestyle isn't for everyone. Fifteen years ago, few people could quit their full-time job to seek a remote career....
St Kitts Travel Guide for Families and Couples
This travel guide discusses everything you need to know before traveling to St Kitts. We will discuss how to get to St Kitts, what to do there, and why visit St Kitts in the first place. St Kitts and Nevis is an extraordinary and special place. Like Yin and Yang,...
49 Digital Nomad Visas to Get: The Ultimate Digital Nomad Visa List
The world has dramatically changed in the past few years thanks to the pandemic. Now, workers and location-independent business owners everywhere realize they don't need to stay in one place to get work done. Have you always dreamed of living as a digital nomad?...
Traveling to Antigua: Our Favorite Luxury Hotels
This article discusses traveling to Antigua and our favorite luxury hotels there. The two sister islands of Antigua and Barbuda have everything you need for a luxury vacation. Namely, all-inclusive resorts with direct beach access, exceptional spa experience, and...
The Best Beach Towns in Mexico for Families and Expats
This article discusses the best beach towns in Mexico for families and expats. We will also briefly discuss how you can move to Mexico, what kind of visa you'll need, and what makes Mexico an excellent fit for people looking for the ultimate beach life. Mexico is one...
7 Best Things to Do in Seychelles: A Nomad Guide for 2023
This article discusses seven best things to do in the paradise island nation of Seychelles. If the goal is to enjoy the ultimate island vacation, you'd love Seychelles. Seychelles is an island paradise strategically located off East Africa, surrounded by the warm...
Millionaire Migration Trend: Best Places Wealthy People Live in
This article discusses millionaire migration trends, what causes wealthy individuals to move from one place to another, and the places they are moving toward. The definition of 'wealthy' varies. But generally, high-net-worth individuals (HNWIs) are hard-working...
Why We Hire in Eastern Europe
Globalization has made it possible to exchange cultures, ideas, skills, and talents easily. The business landscape of the world continues to change on a drastic scale. One of the biggest and most apparent changes has been with the hiring process of Eastern European...
Living in Eastern Europe: The Hidden Gems
This article discusses the hidden gems of Eastern Europe - countries that are highly underrated but provide immense value and opportunities to investors, entrepreneurs, and digital nomads. When people think of Europe, they think of high taxes and inflated cost of...
The Freedom of Being An Economic Citizen in 2023
This article discusses the freedom of being an economic citizen and how it can add value to your passport and investment portfolio while also lessening your tax burden - if done holistically. Economic citizenship can expand your travel freedom, improve your banking...
Will A Plan B Passport Affect My Travel Benefits?
Dateline: New Delhi, India Today I want to talk about one of the challenges people face when they get a new passport. One of the first questions that new passport holders face is “Should I use it?”, “How do I use it?” and “What’s going to happen?” Even I fall into...
Overseas Real Estate Investing & Economic Citizenship Paperwork
This article discusses the paperwork associated with economic citizenship programs and the real estate investment routes of CBI programs. Paperwork is just part of the second passport deal. Now, the main economic citizenship programs most people look at, particularly...
How to Use The Belt and Suspenders Strategy: Visa-free Travel in Return
This article discusses how to use the belt and suspender strategy when it comes to second passports and residencies. One of the biggest concerns that second citizenship seekers have involves the lower quality of the passport they are obtaining through either...
Why I Decided to Get Citizenship through Investment
Dateline: Tbilisi, Georgia I have become a big advocate of economic citizenship and I’m giving you an inside look at the experience. As one of the few people in this industry who shares his unfiltered experiences of planting flags, I thought that it was about time...
I Left the USA for Good. Here’s Where I Moved to
Dateline: Mexico City, Mexico It’s no secret that I left the United States. Early on I could tell it wasn’t where I was treated best and so I went in search of what was best for me. Since I’ve left, I commonly get asked by people new to Nomad Capitalist, where I...
How to be a Happier MGTOW by Dating Overseas
Dateline: Kuala Lumpur, Malaysia If you’re looking for something to be outraged and mad about, you will find it. Be it politics, the culture wars, or gender dynamics, you will find it. Always. Some people define themselves by the anger, sadness, and resentment they...
Pitcairn Island: When is Free Land Worth the Price?
Dateline: Mexico City, Mexico The government of the Pitcairn Islands is looking for a little help with their dwindling population. They’ve been looking for ways to encourage immigration for years and stumbled across an idea a few years ago that sounds like a very...
The Future of Digital Nomads
In this article, we discuss the future of digital nomads, the types of digital nomads, and how the Nomad Capitalist lifestyle differs from regular digital nomadism. The digital nomad lifestyle has gained exponential popularity following the pandemic. However, even...
Visas, Citizenship, and Passport FAQs
Last Updated July 25, 2020 Dateline: Kuala Lumpur, Malaysia Every month, I get all sorts of questions about everything from second passports to offshore banking. Between this blog, my YouTube channel, and Quora, I’ve noticed a few questions from my followers that seem...
Remote Working 101: How To Build a Location Independent Team
Last Updated July 27, 2020 Dateline: Tbilisi, Georgia Going into 2017, I decided that the Nomad Capitalist theme for the year would be “home.” Thanks to that focus, 2017 was a successful year of searching for and cultivating a greater sense of home in my life and the...
The 10 Most Expensive Cities for Expat Living
This article discusses the ten most expensive cities in the world for expat living. Not all expats crave affordability and modest living. Some want all the nice things in life no matter where they go. If you're a high-net-worth individual looking for the most...
Living in Belgrade, Serbia: The Nomad Capitalist Guide
This article discusses living in Belgrade, Serbia. We will also discuss where to live in Belgrade, where to work, where to eat, and other things to do while you're in the capital of Serbia. Belgrade may be one of the most underrated European capitals, which is very...
Where to Register Your Yacht Offshore: the Ultimate Guide
Dateline: Belgrade, Serbia For the person who has successfully opened an offshore bank account, got a second passport and is living the lifestyle of their dreams traveling the world, the time has come to move on to the next level of flag theory. This new level is...
The 5 Countries with the Slowest Internet Speeds on Earth
In this connected world, it is inconceivable to abstain from the internet. It might be nice to put down our phones for a few hours occasionally, maybe even for a few days but to cut it off completely is not feasible. From making calls to checking our messages or...
Lessons Learned from Obtaining Economic Citizenship
This is Week TwentyTwo of the 26 week series #MyEconomicCitizenship. Each week I give you a glimpse into my life as I share the ups and downs experienced in pursuit of a second passport through economic citizenship. Each feature includes my weekly journal walking you...
Is My Birthplace An Issue When Getting A Second Passport?
Dateline: Baku, Azerbaijan No matter where you obtain a second passport, your place of birth will always matter. I don’t mean this in a sentimental way, but rather as an admission of the limitations that come with obtaining a second passport. For the most part,...
22 Things Being a Nomad Capitalist Has Taught Me
I am a seeker—someone who wants to find the best the world can offer. I want to initiate, I want to create, I want to discover places that are unknown, underrated—and see what lies behind the curtain. I am interested in a world that works and brings me more life. The...
The Nomad guide to international health insurance
Dateline: Tbilisi, Georgia It’s a basic fact of life that — every once in a while — we all get sick, hurt, or have some other condition that requires medical attention. Being an expat does not change this reality. In fact, being an expat adds an extra twist to the...
Nomad Guide to Living in Colombia
Multinational corporations and expats are making the transition to Colombia's upscale living and bustling economy. Towering Andean peaks, mythical Amazon jungles, and pristine coastline all fuse into this economic and cultural hub. Endless landscapes, activities, and...
The 7 Habits of Successful Investors
Dateline: Kuala Lumpur, Malaysia Contrary to popular belief, there are wealthy people just about everywhere you go. While many of you may have grown up, as I did, being taught to believe in the scarcity mindset, wealth is something that is not only preferable, but...
Nomad guide to living in Kuala Lumpur, Malaysia: a hidden gem for the Asia expat
Last update: September 15, 2017 Dateline: Kuala Lumpur, Malaysia As a kid, I was in awe of skyscrapers. Even at four years old, I would count the windows from the ground level to the top floor. And of all the buildings in the world, the Petronas Towers in Kuala Lumpur...
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