This article discusses the best countries without taxes in Asia and how moving there can add value to your life. When we think about countries with no income tax, our brain often...
Citizenship-Based Taxation in Canada May Become a Reality
Dateline: Kuala Lumpur, Malaysia This may be one of the most important messages you hear from me this year. If you have a passport from a Western country, no matter where your...
7 Tax-Friendly Countries for High-Net-Worth Expats
Numerous countries make it possible for you to pay less tax legally. Significantly less tax. In fact, zero tax in some cases. If this is something you’re interested...
What is Tax Residency and Why Does it Matter?
When we help our clients create an offshore strategy for their Nomad Capitalist lifestyle, I find many people who have a hard time telling the difference between a residence...
4 Corporate Tax Systems for Offshore Companies
People see our founder, Andrew Henderson, and the Nomad Capitalist team talking about one particular country, and they take it to be the one-size-fits-all answer. Unfortunately,...
Six Lump Sum Tax Countries to Lower Your Tax Rate
Dateline: Kuala Lumpur, Malaysia There are many ways to legally reduce both your personal and business tax rates by going offshore. You could move to a zero-tax country like the...
How to Hire the Best Expat Tax Service for Americans
Dateline: Kuala Lumpur, Malaysia When it comes to US taxes for expats, I’ve always been very clear: you need an international tax professional. Whether you work overseas and...
The Best Tax-Free Countries for Americans
Americans are faced with a dilemma that’s unique to their citizenship, known as global taxation. Essentially, it means that no matter where you work or earn money...
How to Create Staffing Companies to Save Tax
Dateline: Kuala Lumpur, Malaysia The easiest kind of business to move offshore is the kind of business that can fit in a backpack - the kind of business that lives in the cloud....
5 Offshore Methods to Pay Less Taxes
When most people think of how they can structure their lives so that they don’t have to pay taxes, their first thought is that they have to go and live in Dubai. ...
How to Move to a Tax Haven and Pay Zero Tax
One of the most frequent questions we are asked reveals just how many misconceptions still exist about investing, living and doing business overseas. The question typically...
The Nomad Tax Trap: Why Living “Nowhere” is Harder than Ever
Dateline: Tivat, Montenegro When I was eleven or twelve years-old, my parents began talking about picking up our lives in the United States and transplanting everything to a...
Form 8858: US Taxes on Foreign Disregarded Entities
All expat or US taxpayers who own a foreign business or have an interest in a foreign business (corporation, partnership or LLC) must complete and file a number of forms with...
Form 8865: Tax Returns for Foreign Partnerships
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 3520: US Taxes on Gifts and Inheritances
You’ve probably heard the expression that ‘the only two things certain in life are death and taxes’. The Internal Revenue Service (IRS) works very hard to make the latter...
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...
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,...
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...
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...