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An Introduction to Nomad Capitalist
How to Get the Best of Everything in Life by Planting Flags
Dateline: Dubai, United Arab Emirates There is nothing quite like flying on Emirates. For someone such as myself who pays attention to detail and wants to "go where I’m TREATED best”, these guys have the service game won hands down. However, merely getting here en...
How to Go Where You’re Treated Best
Dateline: Timisoara, Romania I'm a "big city" kind of guy. I spend a lot of my time in capital cities not only because that's often where the best opportunities are in countries like Romania, but simply because I prefer the big city vibe. This year, however, I...
3 Ways for Entrepreneurs to KEEP More of Their Money
Dateline: Singapore If you are an entrepreneur working hard to create your dream life and increase your wealth but are tired of paying high taxes, I have two key pieces of advice to help you achieve your goals faster and enjoy your dream life sooner than you think. I...
TNBS: How to Easily Start Banking Overseas
Dateline: Yerevan, Armenia I think a lot of people have a fear of failure. But, what we know as entrepreneurs is that there really isn’t such a thing as failure. Everything, whether it helps you directly accomplish your goal or not, is just a learning experience on...
The Blue Ocean Strategy for Nomad Capitalists
Dateline: Tbilisi, Georgia The Blue Ocean Strategy has fascinated me ever since I heard about it. The strategy, which is outlined in a book by the same name, was the result of an experiment that studied around 150 different companies. The researchers and book authors...
My Global Citizen Sandwich: How to Bank, Live, and Invest Abroad
Dateline: Vlore, Albania Here at Nomad Capitalist, I spend a lot of time talking about the concept of going where you're treated best. At its most basic, this idea means seeking out places that have plentiful business opportunities, value your wealth, and suit your...
11 Reasons to Use an Offshore Company for Business
Dateline: Kazbegi, Georgia Despite what the media would have you believe, there are numerous legal and legitimate reasons 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...
Why You Need a Second Passport Portfolio… and How to Create One
Dateline: Kuala Lumpur, Malaysia Just the other day on the Nomad Capitalist YouTube channel, we talked about what it means to be a Nomad Capitalist and how it is different from being a digital nomad or expat. The truth is, while Nomad Capitalists do many of the things...
My 8 Powerful Mindset and Life Hacks for Wealthy Digital Nomads
Dateline: Nusa Dua, Bali, Indonesia The St. Regis has become my favorite hotel chain in the world because it’s simply effortless. From the moment you arrive, everything just seems to work, from the butlers unpacking your suitcase to the iPad that opens the window...
The Benefits of Owning International Real Estate
Last Updated July 27, 2020 Dateline: Kuala Lumpur, Malaysia Recently, I attended a talk by a financial guru who specializes in diversification. Although he had plenty of good suggestions, I noticed that all of the mutual funds and other investments that he mentioned...
What Are the Benefits of Dual Citizenship?
Last updated October 19, 2020 Dateline: Singapore On this blog, we frequently discuss the various ways of getting dual citizenship. Whether it's citizenship by investment in Dominica or getting a French passport through military service, I love learning and talking...
Does Dual Citizenship Lower Your Taxes?
Dateline: Tbilisi, Georgia A couple of months ago, I sat down with an Australian man named Jake to discuss his interest in dual citizenship. He seemed very eager to get a second passport, so I asked him why he wanted one so badly. "I'm tired of paying Australian tax -...
Legal Tax Reduction
How to Create Generational Wealth with Lower Taxes
Dateline: Mexico City, Mexico I often ask my clients, “What’s next?” And when they answer, I ask it again...and again. Beyond the idea of how to accumulate more wealth is knowing the end purpose of it all. What happens after you’ve amassed all of this money and you...
New US Tax Deadline Extensions for 2021
It’s been a complicated year. Most of us have had huge disruptions in our lives. To ease reconciling the chaos into a flawless tax form submission, the IRS recently announced that it will be extending the tax return deadline for US citizens from April 15th to May...
Taxes in Switzerland for High-Net-Worth Individuals
Dateline: Bogota, Colombia If you’re a high-net-worth individual looking to lower your taxes while living in a beautiful European country, Switzerland may be a great option for you. Some may see Switzerland as a bit boring and past its prime as the world’s go-to...
The Alarming Rise of the American Wealth Tax
Dateline: Bogota, Colombia Over the last century, many countries have tried taxing the wealthy at higher rates. More recently, there’s been a lot of buzz about a global wealth tax. The virus has put a lot of countries in extreme debt, pushing the issue of taxing the...
4 Panama Tax Haven Myths and Misconceptions
Dateline: Bogota, Colombia Panama as an offshore jurisdiction has been front and center in recent years as a result of the now-infamous Panama Papers leaks. With all the attention Panama is getting, there’s bound to be some rumors and fiction spread around. But let’s...
The Death of the Tax Fairness for Americans Abroad Act
Dateline: Bogota, Colombia The United States is well known as effectively being the only country in the world to follow its citizens wherever they go and not only tax them but impose income-generating regulations no matter where they live in the world—even if you...
What is GILTI Tax and How Can You Reduce It?
Dateline: Bogota, Colombia Tax reform in the United States is a dangerous business. Before the highly anticipated “Trump Tax Reform” was finalized in 2017, there was talk of abandoning citizenship-based taxation and adopting the same residence-based system of taxation...
The Calexodus: Why You Need to Leave California Now
Dateline: Belgrade, Serbia For months, I have been urging people to wake up and realize how terrible things are becoming in California. I lived there early in my career and it was terrible then. Things have only continued their downward spiral. California has some...
How to Avoid Capital Gains Tax When Selling a Business
Dateline: Belgrade, Serbia Moving your business offshore is a great way to go where you're treated best and keep more of your own money by legally lowering your tax rate. Most people focus on income tax - how much money they can save now by going overseas. But if...
Remittance Tax Planning: How to Avoid Taxes Living Overseas
Dateline: Central Serbia After being in this business for so long, I have come across numerous different tax misconceptions. I’ve addressed several of them before, but there are so many that I could talk about these misconceptions for days. Today, I only want to...
“Tax the Wealthy” vs. Legally Lowering Your Taxes
Dateline: Kuala Lumpur Here at Nomad Capitalist, we’ve always encouraged people to go where they’re treated best, and if you’re a wealthy person with a high income, you should at least consider the opportunity to legally reduce your tax rate overseas. There are legal...
The Best Tax-Free Countries In The Americas
Dateline: Kuala Lumpur, Malaysia Have you ever dreamed of living on a sunny island in the tropics away from all the hustle and bustle where you can relax and enjoy life? It’s certainly an appealing idea. If you’re a Nomad Capitalist, you may have dreamed of this as...
Second Residency and Citizenship
Is It Possible to Get Triple Citizenship?
Dateline: Bogota, Colombia For years, we have urged people to start now at working towards dual citizenship. It’s the wise thing to do to provide yourself options and a Plan B should things in your home country change. It’s also an essential part of developing your...
Why Citizens of All Western Countries Need a Second Passport
Dateline: Bogota, Colombia Here at Nomad Capitalist, we’ve been talking about the benefits of having a second citizenship for years. And a lot of seven- and eight-figure American entrepreneurs have taken me up on that offer - either as a Plan A for further tax...
16 Business Visas for Global Entrepreneurs: the Ultimate Guide
Picture this. You have successfully launched your business and, despite the normal ups and downs of being an entrepreneur, things are going really well. Nevertheless, the idea of being able to save on taxes and other expenses that you could use to reinvest in your...
UAE Residence by Investment: the Ultimate Guide
As a country with significantly more expats (80% of the population) than natives (12%) and a burgeoning population in an arid desert climate, unique is probably the word that best describes the United Arab Emirates (UAE). It most definitely is a country that has...
How Many Citizenships Can You Have?
Dateline: Bogota, Colombia How many passports is enough? What are the pros and cons of having as many citizenships as you can? Do countries allow you to have multiple citizenships? Can you reach a point where you have too many to manage? These are some of the...
How to Get the Philippines Investor Visa (SIRV)
If you’re open to living in Asia, getting a second residency in the Philippines isn’t a bad option. For westerners used to certain standards, Manila and parts of the rest of the country will feel just like home. It offers a tropical climate, English proficiency, and...
13 Premium Investment Immigration Programs for UHNWIs
Dateline: Bogota, Colombia Despite the increasingly hostile environment for high-net-worth individuals in much of the West, there are still countries around the world that value the contributions individuals like you can make to their economies. In fact, many of them...
8 Second Passports and Residencies by Investing in Bonds
Dateline: Bogota, Colombia High-net-worth individuals have increasingly asked me about the best places to get a second residence or passport without throwing their money down the drain. They don’t like the idea of donating money and they don’t want the hassle of...
Taiwanese Visas and Citizenship: the Ultimate Guide
Taiwan is a country that’s very much on the sidelines when it comes to investment immigration. Despite many of its merits, such as its highly-skilled workforce, a huge internal market, a well-respected foreign investment environment, and multiple Taiwanese visa...
Why I Would Take A Nicaraguan Passport
Dateline: Bogota, Colombia A while ago, I posted on Instagram about how I would gladly accept Nicaraguan citizenship if it were offered to me. A number of folks, including a couple of Nicaraguans, were confused about why someone who grew up in the United States and...
3 Tiers of Passports: How to Define the Best Passport in the World
Dateline: Belgrade, Serbia Here at Nomad Capitalist, we frequently talk about the importance of having a second citizenship or an entire portfolio of passports to diversify and protect yourself. Because of the centrality of second passports to a holistic offshore...
The Guernsey Permanent Residence by Investment Guide
How does a collection of islands, islets, and rocks – most of them uninhabited – become one of the world’s biggest financial centers? Guernsey has managed to accomplish just that. For decades, this tiny jurisdiction near the shores of Normandy, France has welcomed...
Renunciation of Citizenship
FAQs About US Citizenship Renunciation
Dateline: Kuala Lumpur, Malaysia Our YouTube videos and articles generate a lot of questions about US citizenship renunciation. What is the process? What does it entail? How does it change your lifestyle? Where do you have to be to renounce? We've already covered many...
The Pros and Cons of Renouncing US Citizenship
Dateline: Mexico City, Mexico There are a lot of myths about why people choose to renounce their US citizenship and the consequences of such a decision. This is not a choice to make lightly. That is why this article will outline the pros and cons of expatriating from...
4 Reasons People Renounce US Citizenship
Dateline: Mexico City, Mexico When it comes to anything offshore, it’s very hard to entirely understand what you’re doing until you’ve done it. That is why I am a practitioner, not a theorist. As someone who has been through the process of renouncing US citizenship, I...
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...
The Cost to Renounce Citizenship Around the World
Dateline: Kuala Lumpur, Malaysia I was in Langkawi, Malaysia, when the US government announced that it was going to raise the fee to renounce citizenship from $450 to $2,350. I hadn't renounced my citizenship yet at the time, and I remember thinking to myself: "Wow,...
The Tax Consequences of Renouncing US Citizenship
Dateline: Tbilisi, Georgia December 20, 2017. I was sitting in my living room in Tbilisi, talking with my CFO, and making a number of calculations. What was I doing? I was preparing for the next day when I would go to the US Embassy to renounce my US citizenship. Why...
Why and How I Renounced My US Citizenship: My Expatriation Story
At the tail end of 2017, I renounced my US citizenship. This is not a topic that I had planned to discuss. But I felt that you deserved to hear about a decision this big. As someone who has never been afraid to put my face out there in an industry full of “mystery...
How to Renounce Your US Citizenship: The Ultimate Guide
Dateline: Kuala Lumpur, Malaysia These days, I have been helping a record number of people plan to either renounce their US citizenship or determine that they do not need to renounce because they can create a different plan to reduce their tax bill. Just a few years...
Can I still use US banks if I renounce my citizenship?
This is Week Six 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...
Will I lose my government benefits by renouncing US citizenship?
This is Week Four 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...
Four case studies for renouncing US citizenship
Dateline: Alicante, Spain If you’re a US citizen doing business or investing overseas, you surely know that you’re a unique breed. That’s because US citizens are just about the only people on earth required to pay taxes on both active and passive income, no matter...
The 5 most famous people to renounce US citizenship
Dateline: Manila, Philippines Thousands of people renounced their US citizenship last year. In fact, citizenship renunciations reached record levels. And the Federal Register, where so-called "covered expatriates" are listed, doesn't even list the majority of those...
Keeping your Money Safe
The Problem with “Own Nothing, Control Everything”
Dateline: Bogota, Colombia “Own nothing, control everything,” is an oft-repeated phrase credited to John D. Rockefeller that people like to use in the offshore industry. Typically, people refer to this phrase to mean that you should be smart enough to protect your...
Apocalypse Insurance: How to Prepare for Times of Crisis
Dateline: Belgrade, Serbia There’s been a lot of talk in the media in recent months about so-called apocalypse insurance, something that Silicon Valley and Wall Street billionaires have been silently accumulating over the years to protect themselves from whatever...
This European Country is Stealing Private Property
Dateline: Kuala Lumpur, Malaysia For years, I’ve been warning investors about the perils of western countries, how they’re constantly increasing taxes on investments, expanding regulations, and damaging their markets until they no longer offer a good investment...
10 Doug Casey Predictions for 2021
Dateline: Kuala Lumpur, Malaysia Doug Casey was the original “international man”; along with Harry Schultz’s concept of “three flag theory”, he was one of the original advocates of internationalization that paved the way for us here at Nomad Capitalist to adapt...
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...
Swiss Banks: The Ultimate Guide
Dateline: Kuala Lumpur, Malaysia If you asked someone on the street about offshore banking, chances are, their mind will go directly to Switzerland. Thanks to spy movies and the Wolf of Wall Street, Switzerland is the banking capital of the world in the mind of the...
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...
6 Surprising Ways to Save More Money Offshore
Dateline: Tbilisi, Georgia One of the interesting things that I've learned being the Nomad Capitalist - helping people go overseas and also studying money habits in general - is how much of this stuff is behavioural. If you can go from 40% to 5% in taxes just by...
The Best Offshore Banks for 2021
Dateline: Kuala Lumpur, Malaysia When I write about offshore banking, one of the most common questions that I get from readers is, "what are the best offshore banks?" If you're a six- or seven-figure entrepreneur or investor, then finding the best offshore bank for...
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...
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....
Cryptocurrency
Banking with Cryptocurrency for Investors & Entrepreneurs
Dateline: Mexico City, Mexico If you’re not already invested in cryptocurrency, it will be worth getting to know about this new, and arguably most lucrative, a financial innovation of our century. It is the cutting edge of fintech and looking to expand to become more...
Roger Ver Speaks Out on the Bitcoin vs. Bitcoin Cash Debate
https://www.youtube.com/watch?v=H2glSN6CnWQ&feature=youtu.be Cryptocurrency is one of the most important inventions in human history with the capacity to empower every person on the planet. That’s what Roger Ver claimed in a recent interview with Andrew Henderson,...
Michael Saylor on the Coming Cryptocurrency Era
Gold is dead. What’s coming to replace it is something with all the benefits of gold, without all the troubling aspects. As MicroStrategy founder, Michael Saylor puts it, “If God came down and created perfect gold, he would create 21 million gold coins, put them on...
The Best Countries for Crypto Mining
Dateline: Yerevan, Armenia Creating tax strategies and offshore plans for clients running crypto-based businesses and mining operations is not a simple thing. There are always ways to make things work, but each individual needs a specific plan for how they’re going to...
What Can You Buy With Bitcoin? 5 Ways to Pay with Crypto
Dateline: Kuala Lumpur, Malaysia So, what can you actually buy with Bitcoin? Just a few years ago, you couldn’t buy much of anything. In fact, the first-ever crypto purchase was made when one member of a Bitcoin forum offered another user 10,000 Bitcoin to order two...
The World’s Most Crypto-Friendly Countries
Dateline: Colombo, Sri Lanka Sri Lanka has become an increasingly popular tourist destination in recent years; it seems any bikini-clad Instagram influencer worth their salt has posted snaps here. As a result of so many “pioneer” nomads coming here, I figure this...
5 Reasons Every Crypto Investor Needs a Second Residency and Second Passport
Dateline: Tbilisi, Georgia Long before I started Nomad Capitalist, I began researching my options to internationalize my life and expand my options. I have now spent an entire decade researching and obtaining things like second passports and second residencies. With...
How to Use an Offshore Company for Cryptocurrency Tax Benefits
Dateline: Kuala Lumpur, Malaysia Go to any financial website, entrepreneurial blog, or social media platform where the nomad community is present these days and you will hear the constant buzz about one thing: cryptocurrency. In fact, it won’t take you long to find...
The best offshore web hosts and VPS for privacy and anonymity
Dateline: Lodz, Poland If you maintain an online presence or run an online business, you should be using Flag Theory to make sure you are well diversified. Common examples like internationalizing your email and your website are important. You should already know that...
The Fastest Countries in The World to Become a Citizen
Last Updated December 9, 2019 Dateline: Tirana, Albania On my Youtube Channel, the most commonly asked question by far is, "where can I go to quickly get a second passport?" While people have always asked me about getting a second citizenship quickly, this question...
5 tax strategies for digital nomads and location independent entrepreneurs
Last updated January 7, 2017 Dateline: Brasov, Romania In King, the newest single by British electronica trio Years and Years', vocalist Olly Alexander sings about the shackles of a bad relationship and how he wants out. I'm certainly not a music scholar, but it seems...
The Best Offshore Banks for 2021 (Even for US Citizens)
Dateline: Kuala Lumpur, Malaysia When I write about offshore banking, one of the most common questions that I get from readers is, "what are the best offshore banks?" If you're a six- or seven-figure entrepreneur or investor, then finding the best offshore bank for...
Nomad Capitalist Lifestyle and Philosophy
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 from 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
Back in 2005, in the early stages of my first business, I remember sitting at my desk in my one-bedroom, loft apartment as a 20-year-old and having an epiphany while looking at my VoIP phone. You may not remember those, but they were the phones that gave you...
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...
The Routines and Habits of the Most Successful Nomad Capitalists
Dateline: Tokyo, Japan I was a 19-year-old when I began my first real business. I was ambitious and had a lot of success, but there were also a lot of inefficiencies in the way I did things. At that point in my life, being able to run a successful business while...
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...
Why Creating an International Lifestyle Matters
Dateline: Belgrade, Serbia Being a Nomad Capitalist means you signed up for international lifestyle. You are interested in looking out across the entire world and seeking the places that best suit you- not only in how you do business, but who you are as a person —...
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 one...
My visit to Dubai to finalize a new citizenship
This is Week TwentyOne 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...
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...
How to get past the Great Firewall of China
Dateline: Batumi, Georgia During my first trip to China in 2009, I was sitting in a family’s home in Hangzhou and they decided to turn up the heat for me. Even in December, they don’t usually use the heaters in Southern China because they just get used to it being a...
Most Recent Posts
IRS Tax Relief for Expats Impacted by COVID-19
Dateline: Merida, Mexico The coronavirus pandemic has limited travel in many areas of the world and by doing so has changed the plans of many expats. If your global tax plan was impacted by COVID-19 in 2020, you may still qualify for tax benefits such as the 2020...
Lisbon, Portugal Real Estate Investment Guide
Dateline: Mexico City, Mexico Who wouldn’t want to live in a friendly place where the sun shines year-round, the standard of living is high, crime is low, and the prices are some of the best in Europe? Portugal’s capital, Lisbon, meets all of those ideals. It is known...
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 from people new to Nomad Capitalist, where I...
Portugal’s Golden Visa Fund
Portugal’s Golden Visa is one of the most popular residency-by-investment schemes in the world, generating over €5.7 billion ($6.9 billion) since its inception in October 2012 and allowing thousands of foreign investors to secure European Union (EU) residency. This...
How to Create Generational Wealth with Lower Taxes
Dateline: Mexico City, Mexico I often ask my clients, “What’s next?” And when they answer, I ask it again...and again. Beyond the idea of how to accumulate more wealth is knowing the end purpose of it all. What happens after you’ve amassed all of this money and you...
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...
Start Your Offshore Journey Today
The Nomad Capitalist team has helped hundreds of people create and execute holistic offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success