In this article, we've compiled a list of frequently asked questions regarding Puerto Rico, visiting it, moving there, what it could mean for your taxes, and more. For some – but...
The Zero-Tax Citizen: Tax-Friendly Second Passports
Those of you who are tired of paying high taxes may have heard that a tax-friendly second passport can help you legally reduce your tax burden. You might be a high-income...
Form 8833: How to Claim Income Tax Treaty Benefits
This article explores how to take advantage of the provisions in tax treaties to reduce your taxes on foreign-earned income. Say you’re a six- or seven-figure US-based...
1% Tax Rate in Europe: How to Start a Business in Romania
Last Updated August 2, 2021Dateline: Bucharest, Romania I can still remember the “Aha!” moment I had on my first visit to Bucharest years ago. I was sitting with a young woman at...
Ten Countries with the Lowest Minimum Wage
The minimum wage has been a controversial topic since its invention at the end of the 19th Century. Most economists consider the minimum wage a harmful decision that affects both...
The Big Mac Index and Global Currencies
Not everyone finds macroeconomics as riveting a subject as we do here at Nomad Capitalist, but thanks to the Economist Magazine’s Big Mac Index, concepts like Purchasing Power...
How to Open an Offshore Bank Account in Bermuda
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...
How to Open an Australian Bank Account as a Non-Resident
If you’re thinking about opening a foreign bank account, Australia might not be the first destination that springs to mind. After all, it's not a classic offshore hub like the...
The Benefits of Owning International Real Estate
Last Updated July 27, 2020Dateline: Kuala Lumpur, Malaysia Recently, I attended a talk by a financial guru who specializes in diversification. Although he had plenty of good...
What is the Common Reporting Standard (CRS) for Banking?
Dateline: Kuala Lumpur, Malaysia Over the past decade, the world of offshore banking has changed for good. In the past, most people viewed offshore banking as a way for the...
Offshore Banking for People with Limited Money
Dateline: Kuala Lumpur, Malaysia In the world of offshore banking, there's plenty of misinformation floating around the internet. Just last week, we debunked...
How to Open an Offshore Bank Account: A Guide for US Citizens
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...
US FEIE: How the Bona Fide Residence Test Works
Last Updated August 14, 2020 Dateline: Kuala Lumpur, Malaysia If you're a US citizen looking to legally reduce your tax burden, chances are you've considered pursuing the Foreign...
How to Retire Wealthy with the 80/20 Principle
Even if you’re financially savvy, getting back to the basics every now and then can be important - especially if you want to retire wealthy. Even though much of the advice...
Tax Optimization: Dual Citizenship 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...
Tax-Friendly Businesses to Start for New Entrepreneurs
Dateline: Yerevan, Armenia At Nomad Capitalist, most of the people I work with are six- and seven-figure entrepreneurs. They've already optimized their businesses, and they want...
Invest in Tbilisi, Georgia Real Estate: The Ultimate Guide
Dateline: Kuala Lumpur, Malaysia Four years ago, I was sitting at a cafe after meeting an attorney. Over the next four years, this attorney would become one of the best in my...
How to Open a US Bank Account as a Non-Resident
As a non-resident or even someone who’s renounced US citizenship, it’s still relatively easy to open a US bank account. While there are plenty of benefits to opening a US bank...
Who is a US Person for Tax Reasons?
This is the story of an Australian man named Tom who accidentally became a US person. Tom’s story is a cautionary tale that attests to the complex and difficult nature of...
How to Get a Gold-Backed Debit Card
When was the last time your boss crossed your palm with silver, or you paid for your groceries with the last few gold doublets in your pocket? It's been a while, hasn't it?...
