4 Stores of Value for Asset Protection and Diversification
Dateline: Bogota, Colombia Generally, the dollars, Euros, Pounds, or shekels in your bank account lose 2% of their value every year due to inflation. This makes the cash you hold worth even less each year. As most currencies don’t follow a gold standard anymore, the...
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...
How I Made 10% Investing in Singapore Government Debt
Dateline: Belgrade, Serbia Singapore is touted as not only one of the richest countries in the world but also one of the safest and most peaceful. And this year, it ranked 1st in the 2021 Index of Economic Freedom, making it the freest economy in the world. How does a...
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...
The Easiest Countries to Move to From the USA
Dateline: Bogota, Colombia 2020 was a record year at Nomad Capitalist in terms of US citizens calling us to help them create not only a backup plan for citizenship and banking worldwide to protect themselves in the event that things got worse but also requesting our...
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...
Foreign Real Estate Advice for International Investors
Dateline: Bogota, Colombia Part of diversifying your assets is making smart choices when it comes to your investments. No one wants to invest in something that is sure to be a dud. Overseas real estate can be an excellent investment opportunity. But there’s a lot...
How to Prevent a Frozen Bank Account Overseas
Dateline: Bogota, Colombia What’s stopping you from moving your money overseas? The main reason people don’t take advantage of overseas banking, or really any opportunity, is fear. Fear can be a powerful motivator, but it can also be a dam. Your fear of the unknown...
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...
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...