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...
1% Tax Rate in Europe: How to Start a Business in Romania
Last Updated August 2, 2021Dateline: Bucharest, Romania I can still remember the “Aha!” moment I had on my first visit to Bucharest years ago. I was sitting with a young woman at...
Tax Optimization: Dual Citizenship Taxes
Dateline: Tbilisi, Georgia A couple of months ago, I sat down with an Australian man named Jake to discuss his interest in dual citizenship. He seemed very eager to get a second...
Tax-Friendly Businesses to Start for New Entrepreneurs
Dateline: Yerevan, Armenia At Nomad Capitalist, most of the people I work with are six- and seven-figure entrepreneurs. They've already optimized their businesses, and they want...
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...
Who is a US Person for Tax Reasons?
This is the story of an Australian man named Tom who accidentally became a US person. Tom’s story is a cautionary tale that attests to the complex and difficult nature of...
The Tax Consequences of Renouncing US Citizenship
Renouncing US citizenship is a life-changing decision that comes with both significant responsibilities and potential rewards. For those considering this bold move,...
5 Tax Questions for Freelancers and Solopreneurs Living Offshore
Dateline: Yerevan, Armenia There is an undeniably global and growing trend in the remote work industry among digital nomads, freelancers, and solopreneurs. In the United States...
2025 US Foreign Earned Income Exclusion: the Ultimate Guide
With 195 countries in the world, many of us don’t want to spend our entire lives living in just one. In fact, the number of US citizens living overseas in 2024 was...
How to Escape Estate Taxes: 16 Countries with No Death Tax
In this world, nothing is certain except death and taxes,’ Benjamin Franklin, one of the most revered founding fathers of the United States, famously observed. Far be it from the...
IRS Form 5472: Tax Filing for US LLCs Based Offshore
To say that the US tax code is complicated would be a vast understatement. There are forms for every possible situation, income source and individual. There are even tax...
How to Use an Offshore Company for Cryptocurrency Tax Benefits
In this article, we will go over the most important cryptocurrency basics and some general warnings about how to handle your cryptocurrency dealings based on personal and client...
Tax Strategies for Filing Taxes When Married to a Non-US Citizen
For most people who meet the love of their life overseas, taxes are probably the last thing on their minds. But Nomad Capitalists are not most people. You already know...
Citizenship-Based Taxation: Who’s Tried it and Why the US Can’t Quit
The tax reform talks that happened a few years ago had a lot of folks hoping for a long-overdue change to the United States’ basis of taxation. For the first time in almost a...
The Unforeseen Consequences of the Trump Tax Reform on US Expats
Dateline: Tbilisi, Georgia Just last week, the House and Senate approved the Tax Reform bill and President Donald Trump signed it into law last Friday, December 22nd before...
Non-US Citizens: How to Avoid Becoming a US Tax Resident
To illustrate the implications of becoming a permanent or tax resident of the United States and why proper planning is essential, let's look at the example of one of our Nomad...
The Trifecta: How to Travel Less as a Tax-Free Nomad
Last Updated: July 22, 2020 Dateline: Merida, Mexico Let’s talk about the Trifecta Strategy. This is a lifestyle that I created after years of traveling around the world. ...
Mauritius Offshore Companies for Tax Reduction: An Introduction
Dateline: Tbilisi, Georgia ''Heaven was copied after Mauritius.''Mark Twain One of the most satisfying realizations I have made over the years living, doing business, and...
Living in Andorra: How to Reduce Taxes with Andorra Tax Residency
Dateline: Belgrade, Serbia There’s a lot of good to be said about the small European Principality of Andorra. In fact, I’ve had a lot of good things to say about the country...