When you think of offshore banking, the Cayman Islands is among the first countries that come to mind, partly due to how it’s portrayed in movies and the media. However, the truth about banking in the Caymans is far from Hollywood fiction. It’s no longer a place for unscrupulous characters to hide money – in […]
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 recovered nearly as well since. Objectively speaking, the best […]
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 nation as a financial center. Prior to moving to Rarotonga, Gerard […]
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 back with fine print about a class-action lawsuit […]
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 […]
If you are a citizen (resident or non-resident) of the United States, green card holder, or resident alien who has a financial interest in or signature authority over a foreign financial account or accounts whose combined value is $10,000 or more in any calendar year, then you must file Form FinCEN 114: “Report of Foreign Bank […]
There are several reasons why Malta is an incredibly popular destination for wealthy expats. On the surface, there’s the golden Mediterranean sunshine, the lush coastal landscapes and the welcoming English-speaking locals. But Malta’s appeal runs deeper than that. Indeed, many wealthy expats flock to Malta to take advantage of its quick and easy residency options. […]
When it comes to offshore banking, one of the most common questions that we get from readers is, ‘What are the best offshore banks?’ If you’re a seven- or eight-figure entrepreneur or investor, finding the best offshore banking options can be tricky. That’s because most information you find online is from armchair expats or younger […]
Dateline: Kuala Lumpur, Malaysia An increasing number of people around the world have turned to offshore banking as a legal way to diversify and protect their assets while enhancing their ability to invest in foreign markets. The world of offshore banking, however, has changed dramatically in the past few decades, and compliance standards have increased […]
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 are more accessible secure facilities. These offshore private vaults are an excellent international diversification […]
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 exclusion, the vast majority of your income and assets are subject to […]
Dateline: Kuala Lumpur, Malaysia For the past few years, I’ve advocated the idea that onshore is the new offshore, so you might be wondering why I decided to write about opening a bank account in Bermuda – a classic offshore destination. This philosophy, however, is more of a mindset than prescriptive advice. It means being […]
The topic of offshore banking has long been surrounded by myths and misconceptions, especially when it comes to US citizens. Perhaps this is down to how the offshore world is portrayed in film and the media, with many commentators asserting that opening an offshore bank account is either risky or impossible. In reality, these assumptions […]
Despite what the media would have you believe, numerous legal and legitimate reasons exist to use an offshore company. In the past, many of those who dealt in offshore circles used fake names and fake stock photos as they sought to represent the arguments for the true value and purpose of international diversification from the […]
Dateline: Ulaanbaatar, Mongolia Due to money issues, many people like to run their business with themselves as the sole proprietor for as long as they can. They bootstrap their company because they do not have a lot of money and are trying to avoid the financial costs involved in incorporating their business. By putting off […]
Dateline: Tbilisi, Georgia I know that a lot of people are using Google to search for the best way to open offshore accounts and are looking for information about how to do all their offshore banking without having to leave the comfort of their couch. I actually think this practice is largely going the way […]
Dateline: Oslo, Norway + Budapest, Hungary I’m starting this article at the airport in Oslo, Norway. I’ll finish and send it from a hotel room in Budapest, Hungary. Thirty years ago, based on that information, you might have guessed I was an executive with a big oil company, or maybe had some cushy government job […]
Dateline: Tbilisi, Georgia I’m not a fan of the idea of Donald Trump becoming president; and it’s not often you will hear me defend anything he says, but today I am going to do just that. You see, President Obama recently commented on Trump’s plan to build a wall along the Mexican-US border and make […]
Dateline: Tbilisi, Georgia One of the best ways to envision your life offshore and the steps you need to take to get yourself there is to see how other people have done it. No doubt, you can learn quite a bit from my personal experiences, but I’m just one person. So today I’d like to […]
Dateline: Tbilisi, Georgia I don’t often comment on news stories, and even more rarely so quickly, precisely because I’m not a news reporter. I study long-term trends, whereas the news comes and goes with every 24-hour news cycle. One of those trends is that the world is shifting from a zero tax system. Another is […]
There are several reasons why companies are moving to Hong Kong. Hong Kong is a great place to go for anyone looking to start a business offshore. The list of successful Hong Kong companies is endless, with some of the most prominent ones being: Apple, Amazon, Starbucks or Samsung. The city is growing at a […]
Last updated February 20, 2021 Dateline: Singapore Having an offshore bank account — or two… or three — is an important step in planting flags around the world. As we often discuss, the actual opening of an account is relatively easy, and you don’t need a lot of money. We’ve covered our favorite banks in […]
Dateline: Kota Kinabalu, Malaysia Too many folks who are going offshore for the first time make one big mistake that ends up costing them a lot of problems, money, and even legal issues. The mistake? Setting up an offshore company, opening a bank account, and doing business all in the wrong offshore jurisdictions. This is […]
There’s a lot to think about when planning your move abroad, from visas and housing to healthcare. But one key aspect often gets overlooked: your bank account in the United States. For many expats, leaving a US-based bank account open makes sense, especially if you aren’t sure how long you’ll be gone. You can use […]
For US citizens, choosing the best offshore bank can be a complex but equally important financial task. And if you’re a successful investor or entrepreneur, you may be cautious about where you diversify your assets (and you should be!). But what if you’re also a US person? The most important thing for Americans is complying […]
If you were raised in the Western world, chances are you were raised to respect ‘the rule of law’. You were probably taught that good triumphs over evil and that government regulations exist for a reason: namely, to protect the ‘common good’ against some shadowy evildoers. Of course, freedom seekers know that laws are only […]
Dateline: Budva, Montenegro Not owning a car, I have almost forgotten just how much fun the occasional road trip can be. Yesterday afternoon, I hired a driver in Albania – who didn’t speak any English – to bring me here to one of the hottest summer party stops in Europe. This time of year, Montenegro […]
Dateline: Skopje, Macedonia Economic growth here in Macedonia has floundered since the global recession as the country grapples with the issues surrounding it in Europe. Heck, Greece is just a stone’s throw away. However, looking to Europe is not exactly the best advice for international investing. While this part of the world holds the promise […]
If you’re new to the world of offshore banking, you may understandably be concerned about bank safety. After all, many people, influenced by false media reports, believe that there’s a risk their money can simply vanish if they move it overseas. You may not know that almost every developed country has some form of deposit […]
Dateline: Wroclaw, Poland For years, Americans have had all the fun. The US government has been the most aggressive, bar none, in going after tax evaders who put money in offshore bank accounts. And in the process, they’ve created laws like FATCA to make it harder to citizens to bank offshore legally. They’re even responsible […]
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 owning a “.com”, “.net”, “.org”, “.co”, or “.us” domain means that your […]
If there’s one rule we follow at Nomad Capitalist, it’s that everyone should go where they’re treated best. That conviction and how to find legal ways to help people achieve is what gets us out of bed in the morning. Our team travels the world looking for places that roll out the welcome mat for […]
Last Updated July 25, 2020 Dateline: Helsinki, Finland Who would have thought that bankrupt governments would get so many benefits out of drug dealing, terrorism, and money laundering? For decades, people around the world protected their money and their identities from their home governments by using anonymous and numbered offshore bank accounts. Back in 1997, Fortune […]
Dateline: Vilnius, Lithuania I have to admit, living smack in the middle of Old Town Vilnius has put me in an excellent mood during my stay here. Looking out the window and seeing the charming capital city, with its cobblestones, endless pedestrians, and excellent restaurants just next door is quite the way to live. However, […]
Dateline: Managua, Nicaragua In the movie Blow, Johnny Depp plays Pablo Escobar’s largest cocaine trafficker during the boom era of the 1980s. At one point, Depp’s character is responsible for 85% of all cocaine brought into the United States. Interestingly, he puts all of his newfound riches into a Panama bank. This was back in […]
Dateline: Chicago, United States I’m spending a few days with business associates here in Chicago after wrapping up our Passport to Freedom event in Las Vegas. The event was a phenomenal success with speakers coming from all around the world, and a great crowd that didn’t want to miss a minute of the material. The […]
Dateline: Singapore As a contrarian entrepreneur and investor, I like to zig where others zag. Especially in lower-end businesses, many just follow the herd mentality and don’t think about the ramifications of decisions they make for their business. And honestly, I see a little bit of that herd mentality when it comes to Singapore. The […]
Last updated November 14, 2020 Bank secrecy has long been a target of international groups opposed to offshore tax havens. The argument goes that if governments don’t know who owns the account, they can’t effectively tax it. Scores of tax-loving do-gooders have devoted their life’s work to eliminating bank secrecy under the guise of things […]
Dateline: Kuala Lumpur, Malaysia Jim Rickards recently said that with the central bankers’ madness infecting the Australian dollar, there were only three strong, stable currencies left. (Of course, the US dollar isn’t one of them) However, I’ve long talked about earning high interest rates by depositing money into foreign currency accounts with emerging market banks. […]
Reporting from: Bangkok, Thailand Remember when you were a little kid and you’d go to your friends’ birthday party to eat cake and play party games? Even at seven years old, I was overly anxious for my age, and one game in particular really got me going: musical chairs. You’d run around and around in […]
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. […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
Last updated March 5, 2020 Dateline: Kuala Lumpur, Malaysia I’m sitting at the Kuala Lumpur Airport Low-Cost Carrier Terminal, and directly in my view out onto the tarmac is the AirAsia jet that will take me the 50 minutes or so to Singapore. It’s not the first-class travel I’m used to, but for $11 plus […]
Reporting from: Lapu Lapu, Philippines We already know that your money has no fifth amendment protections. The government can force you to testify against yourself in many offshore tax trials… great to know the United States has a Constitution, right? Now the US government has announced that your money has no fourth amendment protections, either. […]
Just like American politicans crying wolf, politicians around have world have a favorite word when the going gets tough. No, it’s not “just” or “ask” like the northern Europeans did this week. The safe word is “emergency”. And it’s how they steal your bank account, among other atrocities. As Cypriots are standing twenty-deep in ATM […]
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.
We must adhere to OFAC regulations (Office of Foreign Assets & Control). We will also soon be adhering to the following standards: KYC (Know Your Customer) and AML (Anti-Money Laundering).
There are no hidden costs. Your budget spells out exactly what is included and what is not. Planning and implementation are priced separately: the planning fee covers the creation of your plan, and implementation has its own fee based on the final scope of work.
We do not bill by the hour — fees are fixed and agreed in advance.
We cannot guarantee government, bank, vendor, legal, residency, citizenship, passport, or real estate outcomes with 100 percent certainty. What we can do is help select realistic options, prepare a strong file, coordinate the right vendors, avoid avoidable mistakes, and keep the process moving with the highest possible chance of success.
We adhere to strict GDPR rules and regulations. Client information is treated as confidential and can only be shared with properly authorized people or organizations.
The company has cybersecurity and confidentiality standards covering sensitive and protected information, restricted AI use with client data, access controls, and compliance documentation.
Compliance checks may include screening for risk indicators and escalation if there are signs of tax non-compliance, fraud, or criminal concerns.
We do not look at tax, immigration, banking, asset protection and lifestyle as separate decisions. Unlike a single tax advisor, lawyer or immigration specialist, Nomad Capitalist architects the whole plan: we design the roadmap, bring in the right specialists and make sure every piece works together.