As readers of this site know, the United States taxes its citizens (including expats who live and work abroad) and legal permanent residents (LPRs) on their worldwide income. No...
Form I-407: How to Relinquish Your Green Card
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...
FinCEN 114: Everything You Need to Know
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...
How to Bank, Live, and Invest Abroad: The Global Citizen Sandwich
Here at Nomad Capitalist, we spend a lot of time talking about the concept of going where you’re treated best. At its most basic, this idea means seeking out places that have...
Malta Citizenship by Investment Replaced by New Naturalisation Program
***News Alert*** *Readers should note that as of April 29, 2025, Malta’s MEIN program has been declared illegal by the EU’s highest court. The European Court of Justice (ECJ) has...
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...
Escape the Rat Race to Become a Tax-Free Global Citizen
As you read this article, you might be sitting at your desk, dreaming of living a freer lifestyle. Throughout our lives, many of us in the West are told that we'll be happy if we...
How to Get an O-1 Visa: the Ultimate Guide
For countless business professionals, having the opportunity to work in the United States is something that cannot be passed up. Offering a great quality of life, higher...
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...
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...
Offshore Life Insurance: The Last ‘Tax Shelter’ for US Citizens
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...
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...
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...
What is an IRS Currency Transaction Report?
Suppose you recently took a trip to Las Vegas, and you got lucky – in fact, you took home more than $10,000 in gambling winnings. In that case, you likely have a Currency...
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...
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...
Caribbean Citizenship by Investment: A Comparison Guide
If you tell someone that you secured Caribbean citizenship by investment (CBI), they may sneer or even ridicule you or your choice of passport. Many people call passports...
Myths about Giving Up American Citizenship
This article dispels the most common myths about giving up American citizenship and the importance of transparency in the realm of going offshore and internationalizing your...
