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 Detailed Comparison
The Caribbean’s relaxed pace of life, financial flexibility, and high mobility make it an attractive option for expats seeking a second passport. The favorable tax regimes in...
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...
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 6 Cheapest Cities in North America for Nomads
This article lists the six cheapest cities in North America for digital nomads. The cities have been chosen based on their cost of living, accessibility, taxes, sense of...
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 Get US Citizenship: The Ultimate Guide
Throughout its history, the United States has attracted immigrants from all over the world seeking a better life. The US is, after all, a large and diverse country with plenty of...