Read our articles

Read ten years of 2000+ free articles about Offshore Banking, Offshore Tax Planning, Second and Global Citizenship, Golden Visas, Frontier Market Investing, and Global Entrepreneurship.

All Insights

THE CHEAP COST OF LIVING IN CAMBODIA. YOU MIGHT BE SURPRISED.
Expat

The cheap cost of living in Cambodia. You might be surprised.

Reporting from: Siem Reap, Cambodia This is the other side of Cambodia: laid back, more rural, more touristy. The economy in Siem Reap is based around the hordes of tourists that descend upon temples like Angkor Wat in the soon-to-arrive high season when the rain stops. Just a few minutes away from the shrines, many […]

THE RISE AND FALL OF SOCIETIES AND THE DEATH OF THE CONSTITUTION
Freedom

The rise and fall of societies and the death of the Constitution

Reporting from: Angkor Wat – Siem Reap, Cambodia I love to walk, but I have to admit yesterday’s journey through the temples of Siem Reap – including Angkor Wat – has left my legs a bit sore. Not to mention all of the mosquito and ant bites. So, as I write this, I’m enjoying a […]

HOW ONE CAMBODIA ENTREPRENEUR MADE 1 MILLION
Entrepreneur

How one Cambodia entrepreneur made $1 million

Reporting from: Sofitel Hotel, Siem Reap, Cambodia The Explorer Lounge here at the Sofitel is quite something. One part indoor garden patio and one part luxury bar, it’s a meeting spot for some of the top players in town. Siem Reap is a world away from Cambodia’s capital city of Phnom Penh. The largely seasonal […]

IS THE CAMBODIA SECOND PASSPORT A SCAM
Global Citizen

Is the Cambodia second passport a scam?

Dateline: Siem Reap, Cambodia In Khmer, Siem Reap literally means “Siam defeated”. It’s an old tribute to the great expansion of the Khmer Empire, which covered most of historical Indochina – and beyond – in Southeast Asia. One thousand years ago, little was being written about Europe. It was a backward place. Asia was where […]

LAWS OF MOTION AND THE HISTORY OF OFFSHORE TAX HAVENS
Offshore

Laws of motion and the history of offshore tax havens

Reporting from: Phnom Penh, Cambodia In 1687, English mathematician Isaac Newton released his latest, and perhaps most widely known, findings. The Laws of Motion proposed – among other things – that for each action there is an equal and opposite reaction. The idea that two forces, when pressed against each other, go their own way. […]

Screen Shot 2013 10 01 at 1.07.40 AM
Radio Shows

David MacGregor on planting flags – Sep 14, 2013 Radio show

Nomad Capitalist Report Airdate: September 14, 2013 Topics discussed: Perpetual travel, government tyranny Guests: 0:00 Andrew discusses perpetual travel, what he’s seeing on the ground in Cambodia, and how you can be more involved in the show! He talks about why Cambodia may not be on the top of your list of places to live, […]

IS CAMBODIA THE PERFECT FRONTIER MARKET TO INVEST IN
Investing

Is Cambodia the perfect frontier market to invest in?

Reporting from: Phnom Penh, Cambodia The twenty-minute tuk-tuk ride to Phnom Penh’s north end was littered with new restaurants. Every time I’d tilt my head to look somewhere new, an “opening soon” sign – fully in English – grabbed my attention. As is the case in much of Southeast Asia, but especially here, flashy new […]

IS FEAR OF THE UNKNOWN STOPPING YOU FROM EXPATRIATION
Expat

Is fear of the unknown stopping you from expatriation?

Reporting from: Phnom Penh, Cambodia It was a lazy weekend. I admit that – outside of meetings with investors here – I’ve been hunched over my MacBook practically 24/7 the last few weeks as we launch new products and promote our Passport to Freedom event in January. Yesterday was not much of an exception. After […]

THE GROWING IMPACT OF EMERGING ECONOMIES’ CONSUMERS
Entrepreneur

The growing impact of emerging economies consumers

Reporting from: Phnom Penh, Cambodia I got to talking with one of my waiters the other day, and discussed what life is like here. Service staff can make as little as $80 a month, and most who speak English earn $100-150 a month. With that, they can live a halfway decent life here in the […]

WHY CHINESE MILLIONAIRES ARE INTERNATIONALIZING THEIR ASSETS
Offshore

Why Chinese millionaires are internationalizing their assets

Reporting from: Phnom Penh, Cambodia It’s an open secret in many parts of the world that the leaders at the top, and their families, have offshore bank accounts to protect themselves against the currencies that they themselves are busy devaluing. It’s the very definition of tyranny: imposing one set of draconian, soul-sucking rules on your […]

WHY I CHOOSE FLIGHT OVER FIGHT
Freedom

Why I choose flight over fight

Reporting from: Phnom Penh, Cambodia Last month in Vietnam, a local business owner told me a story about doing business with the Vietnamese. He talked about just how important the concept of “face” is in business there. No one wants to feel like they got taken advantage of in a deal. And some people there […]

CAMBODIA’S MICROFINANCE INSTITUTIONS SMALL BANKS BIG INTEREST RATES
Offshore

Cambodia’s microfinance institutions: small banks, big interest rates

Reporting from: Phnom Penh, Cambodia Let’s discuss the cost of freedom. No, I’m not talking about political speak for sending soldiers to war to kill people in other sovereign countries, or that we should worship our government. I’m talking about the cost of time and energy to ensure that you keep your freedom in the […]

THE GOVERNMENT SLAVES THAT COULDN’T GET A CAMBODIAN PASSPORT
Freedom

The government slaves that couldn’t get a Cambodian passport

Reporting from: Phnom Penh, Cambodia I’m not a big fan of the United Nations. If you don’t know just how ridiculous, condescending, and useless the UN is, go take a tour of their New York building, where some pasty white girl named Doha will show you around in her authentic African maxi shirt that she […]

INVESTING IN FRONTIER MARKET REAL ESTATE IN CAMBODIA
Investing

Investing in Cambodia: as easy as getting washed away?

Reporting from: Phnom Penh, Cambodia It rained yesterday. In most parts of the world, that might not be much of a statement. After all, 242 trillion gallons of rain are dropped on the planet in any given day, most of it here in the tropics. I can’t say I was too upset about the rain. […]

OFFSHORE BANKING OPTIONS SHRINK AS ANOTHER ISLE OF MAN BANK CLOSES
Offshore

Offshore banking options shrink as another Isle of Man bank closes

Reporting from: Phnom Penh, Cambodia I have an appointment at the US consulate here in Phnom Penh today. I fully expect to be subjected to ridiculous rules, long wait times for my “appointment”, condescending staff, and even more fun. Why? Because large, cumbersome governments get a real thrill out of treating you like their slave. […]

DON’T LET TRAVEL WARNINGS STOP YOU FROM VISITING CAMBODIA
Expat

Don’t let travel warnings stop you from visiting Cambodia

Reporting from: Phnom Penh, Cambodia I believe we are creatures of habit. As human beings, we’re easily influenced by what other people tell us. Despite a desire to cater to logic, it’s easy to get bogged down by thoughts entirely built up by emotions. We make decisions based on thoughts of scarcity, fear, and greed. […]

A REMINDER OF BIG GOVERNMENT POWER AND MANIFEST DESTINY
Freedom

A reminder of big government power and Manifest Destiny

Reporting from: Bavet, Cambodia I’ve always found borders to be an interesting thing. As an eight year old, I would stand in my bedroom and stare at the large world map my mother hung on the wall, wondering “why is that country so much smaller than that one?” Understanding history is an essential part of […]

Expat entrepreneurs and venture capital in Vietnam
Entrepreneur

Expat entrepreneurs and venture capital in Vietnam

Reporting from: Ho Chi Minh City, Vietnam Like most entrepreneurs, I still remember exiting my first business. I got what was, at the time, a lot of money for me. While I realized the amount wasn’t life-changing nor was I going to retire to a villa at the Four Seasons, I felt good about it. […]

ARE WHITE PEOPLE AND EXPATS IN ASIA REALLY WORSHIPPED
Expat

Are white people and expats in Asia really worshipped?

Reporting from: Ho Chi Minh City, Vietnam I spent Sunday night excitedly watching a discussion unfold on Facebook. The only thing missing was popcorn. (Microwaves aren’t so common here.) A Western female expat living here in Ho Chi Minh City posted a comment on Facebook about where to find expat men who were willing to […]

IS “TRANSPARENCY” OVERRATED IS POLITICAL CORRUPTION GOOD
Freedom

Is “transparency” overrated? Is political corruption good?

Reporting from: Ho Chi Minh City, Vietnam There’s a notion in the western world that “transparency” – a word largely co-opted by western governments to prove their superiority to the rest of the world – is the best way for a government to operate. In reality, the idea that government is “transparent” just means there’s […]

HOW I WAS ROBBED AT THE GROCERY STORE… BY VIETNAM CURRENCY
Finance

How I was robbed at the grocery store… by Vietnam currency

Reporting from: Ho Chi Minh City, Vietnam A lot of people I talk to ask about the struggles of handling everyday tasks in a foreign land, where a foreign language is spoken. How will the taxi drivers understand where I want to go? How will I get my laundry done? How will I shop at […]

ARE TAXES THE PRICE WE PAY FOR CIVILIZATION  THE CASE FOR PAYING NO TAX 1
Freedom

Are Taxes the Price We Pay for Civilization?

Last updated October 15, 2020 Dateline: Ho Chi Minh City, Vietnam US Supreme Court Justice Oliver Wendell Holmes, Jr. claimed: “Taxes are the price we pay for a civilized society.” But are they? Ask any progressive and they’ll tell you that the work of government is never done. There’s always another reason for the hand […]

AMERICANS RENOUNCE CITIZENSHIP AT RECORD LEVELS
Expat

Americans Renounce Citizenship at Record Levels Now

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 who have chosen to renounce citizenship. In just the second quarter […]

HOW TO GET YOUR PASSPORT CANCELLED COURTESY OF THE IRS
Expat

How to get your passport cancelled, courtesy of the IRS

Reporting from Ho Chi Minh City, Vietnam Before the United States failed to stop the spread of communism in the Vietnam War, it also failed to stop it ninety miles off its coastline. On the heels of the Escambray Rebellion in the 1960s in Cuba, those who were switching alliances against Castro and his communist […]

CUBICLE VS. ONLINE BUSINESS WHEN 50000 ISN’T THE SAME
Entrepreneur

Cubicle vs. Online Business: When $50,000 Isn’t the Same

[Editor’s Note: Pete Sisco, author of The Freedom App, is filling in for Andrew today while he’s touring real estate in Vietnam.] Reporting from: Pattaya, Thailand Fifty thousand dollars is an arbitrary number. But let me ask you which is better: a $50,000 a year salary, or an online business earning $50,000 a year? Pick […]

THE FREE MARKET NOT GOVERNMENT CREATED THIS RECYCLING PROGRAM
Entrepreneur

The free market, not government, created this recycling program

Reporting from: Ho Chi Minh City, Vietnam It was a long day of interviews, meeting new contacts, and visiting with expat entrepreneurs here in Ho Chi Minh City yesterday. After it was all over, I made a beeline for a great Indian restaurant I’d been dying to try to eat my first real meal of […]

KEYNESIAN ECONOMICS WOULD HATE VIETNAM’S SAVINGS RATE
Finance

Keynesian economics would hate Vietnam’s savings rate

Reporting from: Ho Chi Minh City, Vietnam Shortly after the 9/11 terrorist attacks, US President George W. Bush had a stroke of genius. No, it wasn’t going in and bombing a sovereign nation that had won ever war a major superpower threw at them. No, it wasn’t going in and bombing the OTHER sovereign nation […]

GEOARBITRAGE AND THE ULTIMATE PRODUCTIVITY HACKS
Entrepreneur

Geoarbitrage and the ultimate productivity hacks

Reporting from: Ho Chi Minh City, Vietnam Notorious American industrialist J. Paul Getty once said, “I would rather benefit from 1% of the efforts of 100 people that from 100% of my own.” As an entrepreneur, it’s often easy to feel like you’re doing things all alone. In the western world, the stress levels of […]

SHADOW STATISTICS WHY GOVERNMENT STATISTICS ARE LIES
Freedom

Shadow statistics: why government statistics are lies

Reporting from: Ho Chi Minh City, Vietnam The idea of a census has been around for thousands of years. The Babylonians are believed to have taken the first government census over six thousand years ago. As the years went by, these censuses quickly went from rationing food amongst the tribe to being tools for the […]

THANK YOU FOR SMOKING THE VIETNAM SMOKING BAN NO ONE FOLLOWS
Freedom

Thank You for Smoking: A Vietnam Smoking Ban No One Follows

Reporting from: Ho Chi Minh City, Vietnam This past Saturday night, the scene was dizzying. The taxi driver here in Ho Chi Minh City didn’t know where the relaxed, chill “Skybar” was, so he dropped me off at another nightclub. A loud club. A club with pulsing laser lights flashing in every direction. The type […]

HOW CHEAP IS THE COST OF LIVING IN VIETNAM FOR EXPATS
Expat

How cheap is the cost of living in Vietnam for expats?

Reporting from: Ho Chi Minh City, Vietnam It must have been my lucky day. But I’m not a thief, so I left empty-handed. Walking down one of the main streets in Ho Chi Minh City’s central District 1, I came upon a stash of Patek Philippe watches left right on top of a glass display […]

THE OFFSHORE VOLUNTARY DISCLOSURE PROGRAM HOW TO GET SCREWED
Offshore

The Offshore Voluntary Disclosure Program: how to get screwed

Reporting from: Ho Chi Minh City, Vietnam In 1725, a Swedish man sat in the bedroom of his mansion, gun to his head. He was Simon Affleck, a tax collector appointed by the King of Sweden to shake money from peasants in Swedish-controlled Finland. He was so feared and so ruthless, he was named “The […]

THE CHEAPEST PLACES IN THE WORLD FOR CUSTOM SUITS
Expat

The Best Places in the World for Custom Suits

Last updated September 16, 2020 Dateline: Hoi An, Vietnam There are a few rules I try to live by. One of them is to be well-dressed and presentable, even if it has gone out of fashion among Americans in favor of wearing pajamas on an airplane. To me, there’s nothing quite like a great custom […]

NATIONALISM MADE THEM SLAVES IN LIFE… AND DEATH
Freedom

Nationalism made them slaves in life… and death

Reporting from: Hue, Vietnam The Citadel here in Hue is the central part of the city, and the basis from which the rest of the city grew. As the capital city of Vietnam’s Nguyen Dynasty from 1802-1945, Hue played an important role in politics in that era. And the Citadel was entirely off limits to […]

WHY I PREFER SMALL COUNTRIES AND LIMITED GOVERNMENT
Expat

Why I prefer small countries and limited government

Reporting from: Hue, Vietnam You wouldn’t guess by looking at it, but this small city in Central Vietnam was the imperial city of the entire country under the last ruling dynasty. In 1802, Emperor Gia Long ascended to the throne. For the next 143 years, his family’s Nguyen Dynasty would rule Vietnam. However, it would […]

THE HANOI HILTON WHY YOU SHOULDN’T TRUST A SURVEILLANCE STATE
Freedom

The Hanoi Hilton: why you shouldn’t trust a surveillance state

Reporting from: Ha Noi, Vietnam Some people are willing to forgive anything the government does. While I tend to avoid engaging with a lot of tourists while I travel, I happened to end up having lunch next to a couple of Americans the other day. Amazingly, things got political rather quickly, and we ended up […]

HALONG BAY AND INVESTING IN VIETNAM INFRASTRUCTURE
Investing

Halong Bay and investing in Vietnam infrastructure

Reporting from: Ha Long Bay, Vietnam The views in Halong Bay are gorgeous. Think Norwegian fjords meet tropical jungle and warm waters. So you must forgive me for the lateness and brevity of this post; there are so many gorgeous views to see and swimming, kayaking, and partying to do that it would be a […]

IS THIS THIRD WORLD COUNTRY THE BEST EXAMPLE OF VOLUNTARISM
Expat

Is this third-world country the best example of voluntarism?

Reporting from: Ha Noi, Vietnam I almost got killed today. Actually, I almost got killed a lot of times. If I had to guess, I’d say it was close to 87. Truth is, I lost count after a dozen or so. Crossing the street in Vietnam is quite the task. It requires laser-like precision and […]

VIETNAM’S ENTRY TAX IS A MORE HONEST TOURIST TAX
Freedom

Vietnam’s entry tax is a more honest tourist tax

Reporting from: Ha Noi, Vietnam I arrived in Vietnam from Hong Kong on Saturday night, just missing the beer fest that seems to take over the central city’s bustling Lan Kwai Fong party district. As more of an oenophile, it’s probably a good thing. The flight down here was great. Flying in this part of […]

THE CITIZENSHIP LOTTERY AND BEST PLACES TO BE BORN
Expat

The citizenship lottery and Best Places to Be Born

Reporting from: Tai O, Hong Kong On a short cab ride yesterday, I told the driver which hotel to take me to. He grunted and started driving away. I tried to hand him a paper with the address in Cantonese, but he wouldn’t accept it. When I asked my travel companion, in English, if the […]

HONG KONG BANKS DON’T WANT YOUR MONEY
Offshore

Hong Kong Banks don’t want your money

Dateline: Hong Kong I must have passed by a hundred beautiful women on the streets of Hong Kong today. You could throw a stone and hit a dozen Hong Kong banks at any point on streets like Des Voeux and Queen’s Road in the Central district. And on a Thursday morning, it’s also teeming with […]

ARE MACAU CASINO CHIPS BETTER THAN FIAT CURRENCY
Finance

Are Macau casino chips better than fiat currency?

Reporting from: Macau Take Las Vegas and multiply it by three. Here on a peninsula in the South China Sea, Macau is the world’s largest gambling mecca with revenues that put Vegas to shame. Anyone who’s ever been to Las Vegas will notice striking similarities in the resorts that have cropped up around this second […]

NO CURRENCY RESTRICTIONS – OR COLONOSCOPY – IN HONG KONG
Global Citizen

No Currency Restrictions or Reports in Hong Kong

Dateline: Hong Kong-Macau Ferry Terminal Update 2020: This article was originally written in 2013 when I first began traveling and exploring offshore options around the world. To hear my most recent thoughts about current events in Hong Kong, watch this video. Every time I travel through a new country, I’m reminded of just how easy […]

IT’S TIME FOR A NEW DECLARATION OF INDEPENDENCE
Freedom

It’s Time for a New Declaration of Independence | Freedom

Reporting from: An undisclosed location in The Land of the Free 237 years ago, fifty members of the Continental Congress ratified their shot over the bow; a declaration of independence from the British Empire. It would be among the last great acts against a collapsing imperialist empire. The declaration contained one of the best-known phrases […]

“YOU’RE DEAD TO ME” LOVE THE UNITED STATES
Freedom

“You’re dead to me”, Love, the United States Government

In 1851, American physician Samuel Cartwright dreamt up a racist bit of psychology to explain why black slaves were fleeing the plantation. Drapetomania, as he called it, was supposedly a mental illness in slaves that made them want to escape. It goes to show people can come up with any excuse to defend their own […]

SCARE TACTICS THE IRS USES TO DISCOURAGE OFFSHORE BANKING
Offshore

Scare tactics the IRS uses to discourage offshore banking

I spent this past weekend at the Liberty Mastermind conference in Dallas, it was half-jokingly suggested that the organizers might as well have hosted a liberty event in North Korea. In the Land of the Free, it’s no secret the IRS and other Big Government agencies don’t want you banking offshore. Sadly, they’ve been more […]

THE ECONOMIC NIGHTMARE DOLLAR COLLAPSE TOLD ME TO WATCH FOR
Finance

The economic nightmare Dollar Collapse told me to watch for

Dateline: Dallas, United States I checked into the KLM Club at DFW Airport to summarize some thoughts from this past weekend. After spending the weekend with some great thought leaders in liberty at the Liberty Mastermind Symposium this weekend, I decided to voluntarily get bumped off of my scheduled flight out of town. It seems […]

THE BEST COUNTRIES FOR LIVING GMO FREE ABROAD
Expat

Best countries in which to live abroad if you’re GMO free

The world’s best GMO free countries may be the perfect place to live abroad if you want healthier food. As a US person by birth, it’s easy to get caught up in all of the economic reasons for internationalization. After all, we’re called Nomad Capitalist for a reason. But all the financial protection in the […]

THE AMERICAN HYPERINFLATION THAT PUT ANCIENT EMPERORS TO SHAME
Finance

The American hyperinflation that put ancient emperors to shame

Imagine that, fifty-eight years from now, a loaf of bread cost $30,000. The promise of this kind of hyperinflation would be enough for you to cry for your future kin who would be saddled with such a burden. In 276 AD, the wheels were coming off of the Roman Empire and religious persecution was increasing. […]

FIAT CURRENCY IS THE BAD DOG FOOD BIG GOVERNMENT FORCES US TO EAT
Finance

Fiat currency is the bad dog food Big Government forces us to eat

During my years working in the marketing industry, I must have heard one particular joke about a proverbial dog food company a dozen times. The joke goes that a large pet food company had just created a new brand of dog food. The CEO, eager to spread the word, called the marketing director into his […]

FREQUENTLY ASKED QUESTIONS

Find answers to some of the most common questions regarding Nomad Capitalist, what we do and how we can help.

Nomad Capitalist is a boutique consulting firm that has guided more than 1,500 clients from over 100 countries in obtaining second passports and citizenships, relocating strategically, building offshore wealth structures, and exploring legal pathways to reduce tax exposure.

The firm does not provide specific legal or tax advice, but offers expert insight and strategic resources designed to help clients pursue greater freedom, international diversification, and financial independence.

ONE CONVERSATION COULD CHANGE YOUR FUTURE

Get in touch to see how we can help you discover new opportunities around the world that meet your needs.