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...
The Nomad Baby Steps
Dateline: Yerevan, Armenia I think a lot of people have a fear of failure. But, what we know as entrepreneurs is that there really isn’t such a thing as failure. Everything, whether it helps you directly accomplish your goal or not, is just a learning experience on...
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
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 were located in the United...
What are the Benefits of Dual Citizenship?
Dateline: Singapore In this blog, I frequently discuss 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 about the different ways that people...
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
Legal Strategies to Reduce Payroll Tax
Dateline: Bogota, Colombia Since the American Civil War, US citizens living abroad have had to deal with citizenship-based taxation. Whereas every other country in the world uses residential, territorial or even zero tax systems to determine taxable income, US...
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...
How To Pay Less Taxes: 5 Offshore Methods
Dateline: Mexico City, Mexico When most people think of how they can structure their lives so that they don’t have to pay taxes, their first thought is that they have to go live in Dubai. Surprisingly, this just isn’t the case. There are more ways than you might...
9 Types of Taxes To Avoid when Moving Offshore
Dateline: Tbilisi, Georgia There are so many different types of tax that you have to consider when you're living and traveling all around the world. In fact, we all deal with these nine different types of tax on a frequent basis. And if you're only preparing and...
How to Move to a Tax Haven
Dateline: Tivat, Montenegro One of the most frequently asked questions I get in my course of work is one that reveals just how many misconceptions still exist in regards to investing, living, and doing business overseas. The question typically sounds something like...
The Nomad Tax Trap: Why Living “Nowhere” is Harder than Ever
Dateline: Tivat, Montenegro When I was eleven or twelve years-old, my parents began talking about picking up our lives in the United States and transplanting everything to a different country. The idea was to move my father’s business, my family, everything to New...
FAQs: Tax Incentives and Moving to Puerto Rico
Puerto Rico has been in the news quite a bit lately. Specifically, its status as a new tax haven for Americans has landed it on editorial pages from Forbes to GQ. Here at Nomad Capitalist, we believe everywhere has a right to "go where you're treated best", and we...
The Zero-Tax Citizen: Tax-Friendly Second Passports
Dateline: Kuala Lumpur, Malaysia Those of you who are tired of paying high taxes may have heard that a tax-friendly second passport can help you legally reduce your tax burden. You might be a high-income entrepreneur who wants more control over their assets, or if...
Tax-Friendly Businesses to Start for New Entrepreneurs
Dateline: Yerevan, Armenia At Nomad Capitalist, most of the people I work with are six- and seven-figure entrepreneurs. They've already optimized their businesses, and they want to build on their successes by legally reducing their taxes, getting second passports, and...
15 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...
Banking Privacy: 13 non-CRS countries that don’t exchange information
Dateline: Kuala Lumpur, Malaysia As is the case in most countries, Malaysia has made it harder for foreigners to open a bank account in recent years. When I first started exploring this “muddy estuary” six years ago, the process was straightforward but required a few...
Non-US Citizens: How to Avoid Becoming a Tax Resident in the US
Dateline: Merida, Mexico I just got off the phone with Jonathan. Jonathan used to be a US green card holder. However, he eventually realized that his little card came with some intense tax obligations that were not worth the benefits he thought he would get out of the...
Second Residency and Citizenship
How to Travel with Two Passports
Dateline: Mexico City, Mexico Dual citizenship can be a very exotic idea to many people. It’s exotic and mystical enough that when these people first find Nomad Capitalist while looking for second passport options, they have a hard time figuring out the logistics of...
The Truth about Caribbean Citizenship by Investment
Dateline: Kuala Lumpur, Malaysia If you tell someone that you have Caribbean citizenship by investment, they might scoff at you. Many people call passports from places like Dominica or Antigua fake or illegitimate because you can get them rather quickly by making a...
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 tax-free, people...
Giving your Child Brazilian Citizenship by Birth
As we first started to get to know each other, my fiancé and I discussed the important things we wanted in life, such as children. Both of us plan to have kids, so when the subject came up, I somewhat whimsically asked her whether she would be willing to travel to...
Profitable Passports: How to Get Paid to Get a Second Citizenship
Dateline: Yerevan, Armenia With a new administration in power here in Armenia, the previous government's all-but-finalized citizenship by investment program is (at least for now) dead. I'm here helping an ethnic Armenian obtain citizenship by descent, an option that...
Second Passport Myths, Scams and Black Market Deals
Dateline: Bangkok, Thailand While it’s not my cup of tea, many people consider Thailand to be a great place to live. It has all of the things people talk about when they’re trying to sell you on where they live: the big city, quiet towns, and a limitless supply of...
Five Ways to Obtain a Second Citizenship
Dateline: Kuala Lumpur, Malaysia We’ve been talking a lot recently about all the changes occurring in the offshore world as of late. From the Trump tax reform to upcoming tax deadlines for expats, and from my plans to slow my travel down a bit to new multi-currency...
8 Countries Where You Can Become President With a Second Passport
Dateline: Bógota, Colombia Being a permanent resident of a country generally conveys many, if not all, of the benefits of citizenship, with the only exceptions being the right to vote and the right to carry a passport. These rights are only available to those...
How to choose the best second passport
Dateline: Hong Kong I want to talk about second passports and why -- when it comes to evaluating which citizenship is best -- I believe there's a lack of information and a lack of depth in the information that’s out there. More specifically, I want to look at...
How to Get Second Residency and Citizenship in Mexico
Dateline: Warsaw, Poland Perhaps it is my contrarian inclination, or perhaps it's my appetite for greater personal freedom, but despite all the recent talk about moving to Canada, I still prefer Mexico over any other country in North America. We have discussed before...
Which Countries Allow Dual Citizenship in 2020?
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...
The best citizenship by descent passports from your ancestors
Last updated: January 30, 2017 Having a second passport is an important step for anyone looking to plant flags, increase their freedom, and give themselves a “Plan B”. For many casual observers, the process of becoming a dual citizen is one reserved for the wealthy,...
Renunciation of Citizenship
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
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 men,” I came to the conclusion that I could share the parts...
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...
Americans renounce citizenship at record levels
Reporting from: Ho Chi Minh City, Vietnam They say water seeks its own level. Perhaps that's why thousands of US citizens are handing in their US passports at the local embassy and saying "thanks, but no thanks". They've joined the fast-growing movement of Americans...
Keeping your Money Safe
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 2020
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 2020
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...
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...
Investing in Tbilisi, Georgia Real Estate: the Ultimate Guide
Dateline: Kuala Lumpur, Malaysia Four years ago, I was sitting at a cafe after meeting an attorney. Over the next four years, this attorney would become one of the best in my network as well as a good friend. I had met with him about buying Georgia real estate, and he...
How to Get a Gold-Backed Debit Card
Dateline: Phnom Penh, Cambodia In the wake of Brexit, trade wars, and the European Debt Crisis, investors have renewed interest in diversifying their assets beyond fiat currency. While I'm not one for conspiracy theories or doomsday predictions, I think that...
The World’s Highest Interest Rates at Offshore Banks in 2020
Dateline: Yerevan, Armenia Armenia just may be one of the hidden gems for tourists in the world. My new favorite hotel here, The Alexander, is quite possibly the best five-star hotel I’ve stayed at in the last year. Service here is excellent, from the surprisingly...
S Corp vs LLC: What Expat Business Owners Must Know
Dateline: Tbilisi, Georgia As exciting as it is to start your own business and be your own boss, there is always an element of uncertainty involved in every entrepreneurial endeavor. Even once you move past the initial doubts like, Is this actually going to work? and...
10 Tips for Buying Gold in 2020
Dateline: Bogota, Colombia The other day, I shared how I delayed receiving my second passport by making three basic mistakes. One of those mistakes was simply not letting the experts be the experts. These days, I make great efforts to not only go to the experts and...
Cryptorurrency
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 for Bitcoin Users
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 government shutdown and Bitcoin regulation
Reporting from: Bangkok, Thailand They say the most aggressive party in any negotiation is the most desperate. By that logic, the United States government has gotten amazingly desperate. Just in 2013 alone, we’ve seen a few examples of the US government effectively...
Bitcoin banned in Thailand: desperate government at work
Reporting from: Ho Chi Minh City, Vietnam I've told you that throughout history, the players may change, but the playbook of desperate government stays the same. Just a short plane ride away, the geniuses at the Bank of Thailand have decided to launch the playbook...
Bitcoin regulation isn’t a recipe for economic freedom
I don't watch CNBC very much these days. While I am an investor and do still have a tiny portion of my net worth in stocks, the bobbleheads that spit out economic news on TV have little to offer those seeking true economic freedom. Plus, they seem to love...
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 2020 (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
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
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 to arise frequently, so...
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: Your Guide to Building a Location Independent Team
Dateline: Tbilisi, Georgia The end of the year is always a good time to reflect. Going into 2017, I decided that the Nomad Capitalist theme for the year would be "home." Thanks to that focus, 2017 has been a successful year of searching for and cultivating a greater...
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...
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...
Why I decided to get citizenship through investment
This is Week One 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...
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...
Most Recent Posts
How to Create Staffing Companies to Save Tax
Dateline: Kuala Lumpur, Malaysia The easiest kind of business to move offshore is the kind of business that can fit in a backpack - the kind of business that lives in the cloud. This is the kind of work that you can do remotely, totally location-independent. All of...
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...
Legal Strategies to Reduce Payroll Tax
Dateline: Bogota, Colombia Since the American Civil War, US citizens living abroad have had to deal with citizenship-based taxation. Whereas every other country in the world uses residential, territorial or even zero tax systems to determine taxable income, US...
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...
How to Get Belgian Citizenship and Residency
Dateline: Playa del Carmen, Mexico As I take on higher and higher net worth clients looking to protect their businesses and wealth from an increasingly inescapable tax system in the US and other high-tax countries, Europe has become a more prominent target on our...
How to Travel with Two Passports
Dateline: Mexico City, Mexico Dual citizenship can be a very exotic idea to many people. It’s exotic and mystical enough that when these people first find Nomad Capitalist while looking for second passport options, they have a hard time figuring out the logistics of...
Start Your Offshore Journey Today
The Nomad Capitalist team has helped hundreds of people create and execute prolific offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success