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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
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...
The Best Tax-Free Countries In Asia
Dateline: Kuala Lumpur, Malaysia When we think about tax-free countries, our brain often goes to the Caribbean, or Europe, where a web of historical treaties, legal exemptions, and whatnot has created many areas exempt from taxation. But one of our goals here at...
The “Global Minimum Tax” Coming to Bankrupt Western Countries
Dateline: Kuala Lumpur, Malaysia I’m all for paying my fair share in taxes, but curiously, what governments interpret to be “my fair share” is directly correlated with the government deficit. I appreciate the hustle and verbal dexterity on their part, but it’s not a...
What is Tax Residence and Why Does it Matter?
Dateline: Kuala Lumpur, Malaysia When we help our clients create an offshore strategy for their Nomad Capitalist lifestyle, I find that there are many people who have a hard time telling the difference between a residence permit – a second residence – and their actual...
4 Corporate Tax Systems for Offshore Companies
Dateline: Kuala Lumpur, Malaysia Someone recently sent us a message on social media saying that, after listening to all the good things I’ve said about Georgia over the years, they’ve decided to incorporate their business there. What a terrible idea. The problem is...
Six Lump Sum Tax Countries to Lower Your Tax Rate
Dateline: Kuala Lumpur, Malaysia There are many ways to legally reduce both your personal and business tax rates by going offshore. You could move to a zero-tax country like the United Arab Emirates, Monaco, or Vanuatu. Or you could structure your business to save tax...
How to Hire the Best Expat Tax Service for Americans
Dateline: Kuala Lumpur, Malaysia When it comes to US taxes for expats, I’ve always been very clear: you need an international tax professional. Whether you work overseas and claim the Foreign Earned Income Exclusion, have foreign investments that provide an income, or...
Second Residency and Citizenship
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...
Jersey Residency by Investment: the Ultimate Guide
You’d be forgiven for not knowing where or even what Jersey is. And even if you do, you probably have just a vague idea of its location. This tiny archipelago - part of the so-called Channel Islands - sits off the coast of Normandy, France. But it is not its location...
7 Countries Where Residence Doesn’t Lead to Citizenship
Dateline: Belgrade, Serbia In the book Nomad Capitalist, I talked about two unique but often complementary strategies: second residence, which gives you the ability to live in a country and perhaps benefit from a favorable tax regime, and second citizenship which...
The United States EB-5 Visa: the Ultimate Guide
Love it or hate it, the United States of America is one of the most popular destinations in the world. And we don’t just mean for tourists. Investors from all over willingly subject themselves to the complex immigration system of this North American country, wait for...
Ukraine Residence by Investment: the Ultimate Guide
You probably know that the banking system in Ukraine isn’t that great and that the country has many deeply rooted issues that will take decades to remedy, including crony capitalism and corruption. Most likely, you’re also aware of the armed conflict in which it is...
The UK Tier 1 Visa: the Ultimate Guide
There really is no other country like the United Kingdom in the world. Its richness in history and culture are simply unmatched. Sure, it is not located in the best climate zone if you’re the ‘sunshine and blue skies’ type, but there is nothing that its excellent...
The Italian Investor Visa: the Ultimate Guide
Millenia-old cities, unparalleled gastronomic heritage, and pristine nature have made not just tourists but also expats flock to Italy’s shores. It’s undeniable that the place has bucketloads of charm, but what it’s lacking is investor appeal. If you’re about to...
How to Obtain French Citizenship By Descent
With its culture and charm, France has the world at its feet. There is nothing more romantic than sipping champagne at the Eiffel tower in Paris, the world capital of Haute fashion, fine art, and delectable baked goods. Have you always adored the nonchalant French way...
How to Obtain Spanish Citizenship By Descent
Spain is a highly desirable place to live that needs no introduction. One of the world’s hottest destinations for high-net-worth individuals, it also offers a variety of ways to obtain its residence, not lest by selling residency to investors. And while the Spanish...
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
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...
Keeping your Money Safe
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....
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...
Cryptocurrency
Michael Saylor on the Coming Cryptocurrency Era
https://www.youtube.com/watch?v=fp_SBVbvGk4&feature=youtu.be 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...
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 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...
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
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...
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...
Most Recent Posts
Michael Saylor on the Coming Cryptocurrency Era
https://www.youtube.com/watch?v=fp_SBVbvGk4&feature=youtu.be 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...
TransferWise Review: Is It Safe for Moving Money Overseas?
Dateline: Bogota, Colombia TransferWise - the FinTech company disrupting the international currency exchange market - is becoming increasingly popular. Not only do they send money all over the world in other currencies for much lower fees than most banks but they...
Robert Kiyosaki Quotes on How the Rich Choose Friends
Dateline: Bogota, Colombia One of the challenges that entrepreneurs face - especially young entrepreneurs and Nomad Capitalists living as global citizens - is how to choose the right friends. The friends that we have dictate the growth, the success, and even the...
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...
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 Stopped Following Politics Rather Than Stay and Fight
Dateline: Bogota, Colombia Over the years, my political involvement and beliefs have progressed and changed. Who I was at 13 is similar to who am I now, but I’ve learned a lot throughout the years. I’ve had opportunities to meet many successful high-net-worth people...
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