US States with the Highest Taxes and How to Avoid Them
Dateline: Kuala Lumpur, Malaysia Many years ago, I was having a conversation with a friend of mine who lives in the United States. During that conversation, he mentioned that a lot of people he knew were moving to Florida – a state with no income tax –...
How to Open a US Bank Account as a Non-Resident
Dateline: Phnom Penh, Cambodia About a year ago, I flew to the US for the first time in nearly four years for two purposes. The first reason that I visited was to see some old friends who I hadn’t seen in a while. Not all of my friends in the US are able to come...
Who is a US Person for Tax Reasons?
Dateline: Battambang, Cambodia About a year ago, I met an Australian man named Tom who accidentally became a US person. Tom was a ship captain, and when he started traveling on the boat, he did his best to get out of the Australian tax net as quickly as he could....
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...
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...
The 4 Income Tax Systems Around the World
Dateline: Kuala Lumpur, Malaysia Why are Nomad Capitalists more likely to renounce US citizenship than UK citizenship? Both passports come with similar benefits and “baggage”, if you will. Neither has the absolute best global reputation, but they’re...
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...
The Substantial Presence Test: Why Nomads Should Limit US Travel
Dateline: Kuala Lumpur, Malaysia Two years ago in Cyprus, I met a man who got stuck in the US tax system for four years even though he wasn’t a US citizen. In fact, he had never even formally lived in the US. However, he worked on a private yacht that his employer...
Bulgarian Citizenship by Investment: The Ultimate Guide
Dateline: Belgrade, Serbia When I first arrived in Bulgaria a couple of years ago, I immediately sensed that Bulgaria was different. In Brussels or Amsterdam, most people are quite friendly to foreigners regardless of their passport. Even in parts of Germany that...
What Can You Buy With Bitcoin? Five 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...