Andrew Henderson

Andrew Henderson

Founder of Nomad Capitalist and the world’s most sought-after expert on global citizenship.

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SEPTEMBER 21-24, 2022 | MEXICO CITY

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NOMAD CAPITALIST THE BOOK

Andrew Henderson wrote the #1 best-selling book that redefines life as a diversified,
global citizen in the 21st century… and how you can join the movement.

Episode 13 – David Feldsoft, Southeast Asia’s e-commerce boom, US taxes in Puerto Rico

There are so many new service based business ideas that will produce quick and easy revenue in the emerging markets of Southeast Asia. If you are considering starting your own business you need the advice of someone who looks at personalized, unbiased opportunities and can offer insight to the business and residency requirements in these markets. And if you are looking for tax exempt opportunities, Puerto Rico may not be your best option due to its controlling entity, the U.S. Government. Guest David Feldsoft, talks of networking in Columbia and how his competitors aren’t the big travel companies.

Key Takeaways:

Andrews Editorial:

1:46 Mastermind event in July

3:08 Upcoming E-Commerce boom in Asia

3:30 Add value to the local market to really be successful

5:34 There is a wide gap in serving local markets

7:50 Emerging economies are looking for ease of service

10:41 It’s a bad idea to try and start a new business in the U.S.

11:30 Reduce your business tax through Labuan

12:06 How do you bring in quick and easy revenue

13:40 Target niche ecommerce opportunities

13:50 Uber, a logistical fix for inefficiencies

16:05 Western leaning locals with cash

16:45 The Nomad Society is developing businesses

17:27 3 day workshop for 10 people to help build your online business

Interview:

22:26 No low cost air carriers in Latin America

23:25 From DC but I wanted to be an entrepreneur

24:38 I put money away for travel and to start my business

25:49 Relationship based business in Latin America

26:46 Responsive Service requires a 5x’s the upcharge

28:06 Columbia is central to the America’s and has a tech community

31:06 Integrating Airlines in the future

32:52 My competitors are not the companies you would think

34:45 Legally incorporated in the United States

36:30 Tech startup money still comes out of the U.S.

37:56 A big fish in a little pond in Columbia

40:31 I’m really not a pickup artist!

40:56 FB and Meetup groups helped me find people

41:52 The Nomad Society loves Medellin. Private members have an event in November

The Lightning Round:

42:22 One business – Apartment Rental Service

43:05 One country – Australia

43:40 One book – Never Eat Alone, The Hard Thing About Hard Things

44:25 One tool – Rescue Time

Listener Question:

46:40 Mannie wants to know Andrew’s thoughts on moving to Puerto Rico for tax advantages.

46:58 For Peter Schiff it may be a good option. For average people, Andrew doesn’t like it.

48:55 Moving to Puerto Rico is not cheap

50:00 The U.S. maintains control over Puerto Rico

51:33 183 days a year is the “stay” requirement

52:44 Foreign Earned Income Exclusion outside of the US

53:35 It may be a stepping stone but not a final solution

Mentions:

ForgetChina, TheresAnECommerceGoldRushinSouthEastAsia

Uber

NomadCapitalist

PanTrek

MeetUp

NeverEatAlone – Keith Ferrazzi

TheHardThingAboutHardThings – Ben Horowitz

RescueTime

READ THIS NEXT…

4 REASONS TO CHOOSE

NOMAD CAPITALIST

1. For over a decade, we’ve helped 1,000+ high-net-worth entrepreneurs and investors.

2. We have a trusted network of global professional agents, accountants, attorneys, and entrepreneurial teams who know the loopholes of the industry.

3. We sit down with government officials and legally get everything done for you in the shortest time.

4. Our one-stop boutique consultancy will reduce your tax rate offshore, protect your assets, help you obtain a Plan B citizenship, and invest overseas.

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