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,...
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...
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...
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 6 Cheapest Cities in Asia for Nomads
If you're searching for the top up-and-coming region for investors, entrepreneurs and digital nomads, look no further than Asia. The region is full of thriving investment and...
The Benefits of Owning International Real Estate
Last Updated July 27, 2020Dateline: Kuala Lumpur, Malaysia Recently, I attended a talk by a financial guru who specializes in diversification. Although he had plenty of good...
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...
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...
Nomad Capitalist FAQs
FREQUENTLY ASKED QUESTIONSEach month, we get 4000+ messages from readers and people who would like help. If you’re new to Nomad Capitalist – or even if you’ve been here for a...
How to Retire Wealthy with the 80/20 Principle
Even if you’re financially savvy, getting back to the basics every now and then can be important - especially if you want to retire wealthy. Even though much of the advice...
US States with the Highest Taxes and How to Avoid Them
Many people in the US who live in high-tax states have begun to move to low- or no-tax states. While we understand wanting to lower your tax burden, we don't really understand...
How to Open a US Bank Account as a Non-Resident
As a non-resident or even someone who’s renounced US citizenship, it’s still relatively easy to open a US bank account. While there are plenty of benefits to opening a US bank...
How to Get a Gold-Backed Debit Card
When was the last time your boss crossed your palm with silver, or you paid for your groceries with the last few gold doublets in your pocket? It's been a while, hasn't it?...
The 4 Income Tax Systems Around the World
As you formulate a legal strategy to lower your tax bill, you’ll need to understand how different countries tax their citizens and residents and how those tax systems affect...
How to Get an APEC Travel Card: The Ultimate Guide
Dateline: Dubai, United Arab Emirates If you’re a frequent business traveler in Asia, you’ve likely seen the chosen few disembark from their plane only to be whisked through...
