This article discusses Form I-407 (Record of Abandonment of Lawful Permanent Resident Status), its filing process, and the consequences of filing it. We will also discuss some...
Will the FATCA Filing Requirement Ever Be Repealed?
Dateline: Tivat, Montenegro In recent years, I've worked with a number of people who have already renounced, want to renounce, or plan to renounce their US citizenship -...
Can You Get Out of Student Loans by Moving Abroad?
America has a student loan crisis. According to the Fed, at the end of 2022, student loan debt in the US stood at $1.6 trillion. Even with President Biden’s student loan...
Double a Penny for 30 days… Now Pay Taxes
If your finances are in dire need of rescue, then investing in foreign real estate or creating an international Certificates of Deposit (CD) ladder is probably not your biggest...
What is FATCA?: the Ultimate Guide
More than a decade after the Foreign Account Tax Compliance Act (FATCA) became law, its global impact is still being felt. What began as a US attempt to crack down on...
The Best Offshore Banks for 2025
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...
CFC Rules: Taxes on Controlled Foreign Corporations
Dateline: Kuala Lumpur, Malaysia In the world of business, we're taught to keep things as simple as possible, so we often think of concepts in the simplest possible terms. So,...
A List of the World’s Best Mailbox Forwarding Services
Last Updated: October 6, 2021 One of the most frustrating things for a digital nomad or perpetual traveler is figuring out how to receive your mail. Many people who are...
How to Open an Offshore Bank Account in Belize
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...
A List of the Best Offshore Private Vaults
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...
How to Get Cayman Islands Residence and Pay Zero Tax
Choosing where you want to live is undoubtedly one of the most essential parts of your tax, business and lifestyle strategy. If your goal is to minimise, or even eliminate, your...
FBAR Form Filing & Due Dates: The Ultimate Guide
FBAR is an acronym commonly used to refer to FinCEN Form 114, “Report of Foreign Bank and Financial Accounts.” When filing FBAR, you need to make sure that you get everything...
The Best Worldwide Travel Insurance for Nomads
Given the particular challenges that come with being a global citizen, it’s best to have a strategy that minimizes the difficulties that you'll encounter during your travels. A...
IRS Currency Exchange Rates for Expat Tax Returns
If you are a US citizen living abroad, you are required to file your annual taxes based on your worldwide income, not merely income earned in the US. In most cases, this will...
FAQs: Tax Incentives and Moving to Puerto Rico
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...
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...
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...
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...
14 Easy Second Residency Programs Anyone Can Get
Of everything that we publish here at Nomad Capitalist – and we create lots of content given the scope of our international reach – the most popular articles are those that deal...
