Andrew’s recent trip to the ballet signals him to discuss the importance of knowing which Western countries require you to “Be Naked” or transparent with your income while lawyers in IBC countries can hide behind a “tax free” costume. Lisa Vexler of Family Freedom Project talks about residency requirements in Costa Rica, her 9 year old entrepreneur and how her family used “The Four Hour Workweek” as a guide to finding freedom.
Key Takeaways:
Andrews Editorial
4:13 The culture and art of Eastern Europe
5:45 International Business Companies – IBC’s
7:59 United States LLC’s
10:16 Western tax requirements for offshore companies
13:26 Become a citizen of a country with reporting requirements
15:16 Tax strategies for Digital Nomads
17:11 Neil Strauss’s experience
The Interview:
22:00 The story behind the success
26:03 The Costa Rica a-ha moment
28:25 Why Tamarindo?
30:10 Offshore strategies for Costa Rica
32:16 Finding the expat expert
33:30 Costa Rica residency requirements
36:20 Greatest business success
37:19 Setting up a physical business in Costa Rica
39:05 How did moving to Costa Rica strengthen your marriage
40:24 A 9 year old’s Tico Surf business
Lightning Round
41:48 One business – Coworking space
42:09 One country – Costa Rica
42:25 One book – Four Hour Workweek
42:51 One tool – Remote mail reading service
Listener Question
46:34 Doug wants to know “Which credit card has the maximum benefits?”
48:31 American Express Platinum card pays for itself
52:38 There’s a war for high end everything
53:58 Adopting a sense of abundance
Mentions:
Emergency: This Book Will Save Your Life – Neil Strauss
Four Hour Workweek – Tim Ferriss
The Roaring 2000’s – Harry S. Dent
