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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...
31 e Visa Countries to Visit: The 2021 Ultimate Guide
Last updated September 9, 2021 Dateline: Wroclaw, Poland It’s been four years 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...
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...
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...
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...
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...
Second Residency and Citizenship
How Long Is A Passport Good For?
When it comes to getting a passport, there can be a lot of red tape, which is why I devote so much of my time to helping people with getting a second citizenship. Second citizenships allow nomads and entrepreneurs to exercise more of their economic potential. Although...
5 Ways to Get Dual Citizenship Quickly
Dateline: Mexico City, Mexico People are often looking for a way to get instant citizenship. Even if they don’t plan on living overseas, they tell me that they want to have the option of dual citizenship so that if they so choose they can opt to expatriate, live in...
Caribbean Citizenship by Investment: A Comparison Guide
Dateline: Mexico City, Mexico Imagine that you’re relaxing on a yacht. The sun is shining, the trade winds are blowing ever so gently, and you can see into the clear, turquoise waters. There are palm trees, tropical drinks, and you can even sail to a nearby island in...
Dominica Citizenship By Investment: Entrepreneur Visa Program
The beautiful Caribbean island nation of Dominica is known to many as one of the five sovereign countries in the Caribbean that offer citizenship by investment (CBI). You make a donation or invest in a piece of real estate and you get a passport in a matter of...
Heidi Chakos (“The Crypto Girl”) Renounces Her US Citizenship
Dateline: Belgrade, Serbia Heidi Chakos is one of the top educators and influencers in the crypto space. She has helped thousands of people get started in Bitcoin with her company, Learning Crypto. She also recently gave up her US citizenship and left the United...
Slovakia Citizenship by Descent
Slovakia has a new bill that allows citizenship by descent up to the third generation (great-grandchildren) of former Czechoslovak and Slovak citizens as an option for those with Slovak ancestry. As a country that’s part of the European Union (EU), that has displayed...
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...
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...
Form I-407: How to Relinquish Your Green Card
According to the Department of Homeland Security, there were 1.1 million new “Lawful Permanent Residents (LPRs) - known as Green Card Holders - admitted to the US in 2017. This coveted document is what you need to be a legal resident of the United States. While that...
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...
How to use the offshore Belt and Suspenders strategy
This is Week Five 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...
Keeping your Money Safe
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 renounced...
How to Internationalize Your Life Amid Coronavirus 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....
Do You Need a “Plan A” or “Plan B”?
Dateline: Kuala Lumpur, Malaysia https://www.youtube.com/watch?v=Mz6pd1LCK08 I’ve been in the business of helping people design their ideal international lifestyle for a long time now. To this day, I have always found it interesting to see what reasons people bring to...
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...
Cryptocurrency
13 Countries That Don’t Tax Bitcoin Capital Gains
Dateline: Mérida, Mexico What if I told you that there was an easy way for you to digitally pay for products and services all over the world without incurring high fees, having to exchange currencies, or needing to involve a bank? Sounds pretty good, right? Well, the...
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...
Dominica Citizenship By Investment: Entrepreneur Visa Program
The beautiful Caribbean island nation of Dominica is known to many as one of the five sovereign countries in the Caribbean that offer citizenship by investment (CBI). You make a donation or invest in a piece of real estate and you get a passport in a matter of...
Heidi Chakos (“The Crypto Girl”) Renounces Her US Citizenship
Dateline: Belgrade, Serbia Heidi Chakos is one of the top educators and influencers in the crypto space. She has helped thousands of people get started in Bitcoin with her company, Learning Crypto. She also recently gave up her US citizenship and left the United...
Living in Singapore: An Expat Guide
The city-state of Singapore is a popular expat destination, with people from many different cultures now living in Singapore. The country has four official languages: Malay, English, Tamil, and Mandarin. Singapore is known for being clean and safe. It boasts one of...
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...
The 10 Most Expensive Cities for Expat Living
Dateline: Belgrade, Serbia I decided to move overseas for a lot of reasons: to save on taxes, to find new markets, to make better investments, to increase my freedom, the list goes on. A pleasant surprise I found along the way was that my list of reasons to stay...
The Nomad Guide to Living in Belgrade, Serbia
"Whoever was lucky enough to wake up in Belgrade this morning can rest assured that for today they’ve achieved enough in life. Any further insistence on something more would just be immodest." Dusko Radovic After months of living and working all over the world, my...
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...
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...
Most Recent Posts
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...
How to Get UK Citizenship: The Ultimate Guide
Last Update: June 18, 2021. Dateline: Mexico City, Mexico If you're looking for a high-value passport without some of the baggage that comes with US citizenship, look no further than the United Kingdom (UK). UK citizenship is an...
How Long Is A Passport Good For?
When it comes to getting a passport, there can be a lot of red tape, which is why I devote so much of my time to helping people with getting a second citizenship. Second citizenships allow nomads and entrepreneurs to exercise more of their economic potential. Although...
Happiest Countries in the World
It's impossible not to address this subject with a little bit of humor and - why not? - a romantic point of view. I know that you are all probably thinking the same thing: How could someone rate the level of happiness of an entire nation? Truth is, this is a subject...
5 Ways to Get Dual Citizenship Quickly
Dateline: Mexico City, Mexico People are often looking for a way to get instant citizenship. Even if they don’t plan on living overseas, they tell me that they want to have the option of dual citizenship so that if they so choose they can opt to expatriate, live in...
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 has...
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