The Best Business to Start Overseas
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- Опубліковано 18 чер 2024
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Find The Best Business Idea and Start a Business Overseas
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One topic we discuss here frequently is how to start a business overseas. We talk about the best cities for young entrepreneurs to live on the cheap and other ways to benefit from emerging economies.
But how do you separate the wheat from the chaff and find the best business idea for you? In this video, Andrew shares some of the best businesses to start overseas.
00:00 Start
0:19 The Best Business to Start Overseas
3:46 Moving to Asia
4:32 Investing in Colombia
5:10 Real Estate in Serbia
5:49 Investing in Georgia
6:15 Investing in Cambodia
8:34 Starbucks Business
9:30 Overcome Challenges in Life
11:08 American Citizens Abroad
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: nomadcapitalist.com/apply/
Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
Here is one. Create affordable nursing or assisted living facility homes for retirees. This way boomers can move to the country you are in and pay rent to you. Also retiree living centers
That is the best idea I have ever heard. also they will get loving and qttentive care in certain countries whereas they run the risk of abuse and neglect here.
You need a TON of capex and it’s a very concentrated business in richer countries (USA, Switzerland, for example). In 3rd world countries there may be market space but to attract walthy infividuals you still need to create top-tier structures, so you still need to shell out a lot of money.
This is already as massive business sector in Thailand/ph
Legal exposure.
You “stole” my idea! Yes, it is a particularly good idea given the aging US/European population and lack of younger people to potentially work as caregivers.
I have an educational writing, courseware, and app company; it does well. We have more than 200 writers, educators, and coders. It takes time to create contacts, but the costs are relatively low...I wish my clients did pay more regularly, though, but they do always pay, and I guess that's the most important thing.
As a general rule I keep this in mind when thinking of new business ideas: "The person who sells to the person driving a rolls royce rides the subway and the person who sells to the person riding the subway drives a rolls royce". More millionaires per capita, would most likely be billionaires when accounting for inflation, were created during the US great depression than during any other time in US history and in the majority of cases they were dealing with everyday consumers as their main customer base.
Gotta know local culture. Americans starting business in Mexico report having to sell out due to organized crime extortion.
I’m guessing “gotta stay busy” recovering Entrepreneurs struggle with boredom just checking their brokerage balances each morning.
Some of us just like having a little empire. Having people interested in our opinions because we pay them to.
It's important to have patience in order to build
wealth. In fact, patience might be one of the most
important factors in investing. Sometimes we're the
only ones stopping ourselves from moving forward
b/c of our emotions. With a strong-willed mindset,
anything is possible.
Inspirational. Thanks Andrew.
Our pleasure!
Expat Networking Event - just find a bar, reserve a private area , setup an EventBrite account and send out email invites for people from your home country, great way to meet people and firms who are naturaly aligned towards you
I would join that.
Such a good episode! This addresses exactly what I am working through. I do not yet have the fiscal ability to make the move yet, but it is being planned for. The mindset you describe is perfect.
This sums it all up. Well done!
Love the insights, Mr. H. Stay blessed...🙏🥰
Glad to have you, Michael.
Subway here in Colombia doesn't do well because the ingredients for sandwiches are very expensive for the typical Colombian. Therefore, they don't have the deli/sandwich culture that we do in the US.
I've commented before that your videos have been a great starting point of information on living and banking overseas. Now, if you offered a book on "overpricing your service as a marketing tool while bragging about how wealthy you are getting" I would buy it and happily pay $25.
Thanks for taking the time to pass on such valuable information.
Glad to have you.
If I was to start a franchise in the Philippines it would be Jolibee not Mcdonalds. You have to take into account what the people like and I'm sure local franchises will always do better.
Excellent info!
More Great Info😎
Hi there, could you make video about Paraguay, what you think about it ? Easy resident permit/citizenship, good weather, cheap energy, safe place in case of global war etc. Thank you
I love your business videos, liked before even watching the video!
Same and same
Glad you like them.
I definitely am in this boat. It would be really hard to be a psychologist outside the US, UNLESS, you are doing telehealth services (but then, I am still subject to US income tax and US laws regarding licensure). So there's really no savings there.
@@anonymousdonor8084 I didn't know that, but ya, I would be totally down with that.
Great advice.
Thank you.
I think the best business for you is the one that engages your passions and the things you enjoy doing. Just about anything can be packaged somehow and sold on the internet if not offline. There is no need to postpone doing what you love for the sake of making money because you can find a way to make money from what you love. So why hustle now and wait for retirement to do the things you love when you can do them now. If money isnt that great you can supplement with other work, live frugally, save, and invest in income generating assets in different places around the world. Keep doing this and soon you'll have wealth from living a life you love. Start today!
I agreed 🙏
Now I would go and first live there for a couple of months to recon the environment. Am I right or am I right?
God Luv ya!!! You Rock😎 I WILL be using your services'... Ty💖💙💜🙏
You could start a school where Norwegians learn how to have compassion and feelings. With an advance course on how to be social 😮
Norway takes migrants and so called Refugees from Middle East and Africa who in the long run will never "Fit in". Note Wealthy Gulf Arab Countries like Kuwait or Qatar do not take Refugees including Muslims ones. I think Norway and Scandinavian countries are very Generous
This video has been pretty helpful I recently found a extremely good deal for ownership of a club/bar in a foreign country that I'm debating on grabbing and have been looking at stuff like this for ideas since this would be the first buissness I'd fully own
Would pass
Helpful video
Thanks.
when you say overseas, do you mean in any other country besides United States?
Who going to help the two and three figures person entrepreneurs or investors
I found it interesting when you were talking about the difference between an investor and an entrepreneur. I work a full-time job here in the US, but I have extensive real estate investments that cash flow and I would probably maintain those investments in the US if I was to move outside of the country. Keeping that in mind I would be operating my business/investments outside the US but they would be physically located inside the US so how do I go about getting tax benefits in that sort of scenario?
I'd be more interested in putting Maleysian Root Beer in US
It’s not possible; you’ll pay state and federal taxes in the jurisdiction that your investment property is located.
Hey Andrew, what's the best tax free, best healthcare country to live in during WW3 breaks out? Please mention a country with greenery, so that, we could cultivate farm land.
If you're actually worried about a possible WW3 scenario, you may as well pick whatever country appeals to you, because everywhere would be fucked in those circumstances. Just pick any country with adequate health care, and stay away from major population centers, or any town that would be in the path of someone going from a major population center to major population center. Think rural villages. Which, kind of makes healthcare an issue. Unfortunately, the US is probably going to be your best bet in terms of likelihood of being in danger from fighting.
@@aaronself2411 I am thinking that Thailand wouldn't be a bad choice. Inexpensive but competent medical care that's affordable. Which has plenty of mountain farm land near Chang Mai.
Uruguay in South America. Or Brazil. These had parts of the country without lockdown and are friendly with Russia and US.
None if ww3 happens the soul around the globe will be irradiated dummy
I researched this a lot and came to the conclusion that the rural parts of Loja in Ecuador was the best choice.
thank you for your video Andrew. You mentioned Balkans and Serbia. What are your thoughts about Albania? Its a NATO country with a long coastline. Anyone's opinion is appreciated.
I'm currently in Albania for the 2nd time, it's pretty 'spit and sawdust', i.e underdeveloped. It doesn't bother me but it might some people. Was quoted 250 Euros from a lawyer to do all the legal visa stuff which was worth it to me. Nice weather, cheap and the people are friendly enough.
@@donnchadhenglish2414 Thank you for your feedback.
Have you had any experience in investing or opening a business there. What part of the county are you located. I have mainly visited the Capital and the south a few times.
From outside, it looks like Albania ticks more boxes compared to the rest of the region(i.e Serbia, North Macedonia), however figures show that Albina is not the most favorite spot in the Balkans for some reasons. Not sure why though.
Aside from businesses serving fellow expats, I would almost suggest businesses that fill in itch that maybe otherwise unfilled. Example while I'm building up my business projects here in the states I work for a lady that I'm friends with as a freelancer with her locally owned and operated restaurant delivery service. There are about a dozen of us on average between the busiest days of the week and usually about three or four of us most of the rest of the time that are on and we cover about 120 restaurants in a pretty restaurant-friendly Market
CANADA IS A COUNTRY WHERE INVESTING OR TO BE SHAREHOLDER REQUIRES HUGHES AMOUNT OF 💰 AND THE POPULATION ARE DECREASING AND AGEING VERY FAST; SO; IS NOT LONG TERM MOTIVATION TO BUILD A BUSSINES SPECIALLY ON FOOD SERVICES ( MY SON ON THE PICTURE PROFILE STUDY CHEF IN ITALY AND RIGHT NOW IS UNDER HES 30'S YEARS OLD AND IN CHARGE AND RUNNING A RESTAURANT LIKE EXECUTIVE CHEF; AND LISTED ON HOTELIER MAGAZINE NOMINATED AND WINNER WITH OTHERS 29 KIDS UNDER 30 YEARS OLD RUNNING SUCCESSFULLY A RESTAURANT IN CANADA; BUT HE NEEDS HIS OWN RESTAURANT SO WE ARE LOOKING FOR A PERFECT PLACE 🥰
Serbia!😍❤
Any thought about my comment above ?
@@74Fishermen What you mean by that?
@@Imhim247 What are your thoughts about Albania? Its a NATO country with a long coastline. Anyone's opinion is appreciated.
@@74Fishermen I do have a friend live in Albania. I honestly don't think about NATO at all. I usually think of positive thoughts
i think you are very good👍👍👍
Thank you.
There is no way the opportunity cost of making these types of videos are truly netting anything good. I mean this as a long time sub and entrepreneur. This feels like crazy town seeing so many repetitive videos out of so many tubers these days....
You have a platform with the ability to connect tens of thousands of people together on an international scale. Wouldnt it be more advantageous to pursue those leads and make videos about forming better business relationships? Rather than continue solo op eds and book promos....
@Will - at a time when most newly-minted 7-figure small business owners, crypto millionnaires or just regular Joe and Jane in the US are JUST NOW figuring out that living in the US sucks balls, you think these videos are a poor waste of his time? It is legit LeadGen. Like, seriously, what era are you from? Embarrassing really lol
You probably have no idea the various income streams that his business has. Come on man, it's marketing 101, plus he's creating job opportunities through just this UA-cam channel alone. Think broader...or are u just another POS America with not even 2 functioning brain cells to see how this channel helps his overall business? Dang, u make the rest of the US look really bad hahhaa
@@juliaruddock your opinions are different than mine and I respect that. But monetarily. Mine yields more.
You really think 7 figure millionaires spend an ounce of time on UA-cam- let alone this specific guy channel? Delusional.
You really think any country mentioned in the video is better than US? Delusional.
Thank you, come again!!
@@liquidluck711 Good point. No 7 figure person spends time on YT figuring out how to sell goods on amazon as a digital nomad.
💰💰💰💰
Western style Real estate agent in Riyadh.
In the Philippines, it's the Jollibee Food Group which I think would be interesting to export their brands to other countries with lots of overseas Filipino workers as a starting reference point.
I'm American looking to retire, what would be a good country for 2nd citizenship. I'm leaning toward the EU, UK or Switzerland. What is your recommendations?
All communists areas
The first two countries will be a huge target when a war breaks out.
Avoid Europe as it is a future warzone. Try South America or New Zealand.
@@pablosabhlok South America is the best place, specifically Paraguay or Uruguay. Horseface has ruined NZ and Eurabia will collapse soon.
@@DixieBanjo ya. cuba too. they r poor because of americxxt and their medical quite good.
You’ve got $2000 to invest… what do you do?
What is the best business to start in Norway? Any and all recommendations are welcome.
@darrenwilson8630, Darren a business that serves the Oil and gas and the Power Generation industry, Norway is making $$$$ billions from supplying energy to Europe and other countries, please note Tax Rates are high in Norway just like in Australia, Canada or France, Best of luck in your journey.
this dude speaks a millions words an hour
play 1707 box in your local lottery
if you play / win
use the money to pay off your bills
I am playing it in Texas
try it in your local lottery
Great luck Worldwide 🌎 wide
Imagine leaving American because you are sick of it only to open an American diner. Sounds like a bad movie.
What about a doctor?
Crony Capitalism (opportunities for those with connections) seems to be the norm in Southeast Asia and I suspect many so-called 3rd World countries.
Unlike North America and Europe /s
Everything is getting fucking overpriced in these countries
Oversimplified ideas/suggestions by this inexperience kid with milk still dripping from his lips