Precisely 😅🎉😊 Am where I can afford to be independent in Cali. Do you ever rent your apartment in Bogota, Colombia. Asking for a sweet lady friend from The USA and I 😊
I wouldn't mind paying a REASONABLE amount of taxes if the government actually used it wisely and made life easier for citizens. Instead, the taxes are too high, the government is not spending tax money wisely and they are overregulating everything, making it so complicated to run a business or do anything at all. So I left a few years ago👍
Governments ran just fine before income taxes were introduced. Far better than they actually do today. America's economy was the strongest in the world when Americans paid no income taxes before 1913
Why should I pay usa taxes if our veterans are homeless our millennial can't afford a home and all the tax revenue goes to securing an Israeli and ukrainian border instead of out own while illegal immigrants get free handouts?
@@fjorddenierbear4832 look at Hungary or Hong Kong they have (I believe 15%) flat taxes. Singapore is a progressive system, but it doesn’t go above 15% until you are making over 160,000 a year and the first few steps are really low. It caps out at 22% for 320,000 and there is no capital gains on non-real estate investments. Personally I like the fixed fee model like Italy’s program. Here is your €100,000 and we are done. No paperwork super easy.
Your content has really become first rate from a production standpoint. Even Andrew’s delivery has gone up a notch. Just wanted to tell you I noticed. Nice work.
@@nomadcapitalist I still don't get how you can live in columbia even occasionally though. How are your organs still intact. Do you take a mercenary group or a hired paramilitary there when you go?
Well I know one thing, I refuse to pay anymore taxes in this country. Not a dime. I've had it! I'm trying to get out and try the Ireland deal but it always seems like I can't catch up to match the downpayments for residencies in these places. They want and arm and a leg. Well whatever. Everybody wants fast money but if it was easy everybody would have it.
Not quite. The first 85528 PLN earned in the year are income tax exempt, any excess is taxed at normal rates, and they still have to pay social security contributions from the first dollar. And 85528 PLN is around USD 21.000. It's a good exemption, but it's not what I would consider tax free.
I notice the A/B testing your team is doing on your content titles. Very smart. For the record, I clicked on the earlier title with "0". I saved it for viewing later today. Love your content and will be at next year's conference.:)
Hi Andrew, found your channel recently, your contents are so good!! As a Malaysian I am very proud to hear that your channel constantly mentioning my country! 🇲🇾 hope you are loving our Nasi Lemak and Roti Canai ✨ I went to UK to study abroad and just started working. Currently thinking if I should stay or go back to Malaysia. I admire your way of living and its definitely what I am planning to do in the future! Would like to see some contents for graduates or even contents for Malaysians who went abroad? Please continue with the amazing works! ☺️🥳
I am Portuguese and I live since 2022 in Brazil. I pay 0 taxes here. Just this year I made 1M in Crypto and I'm so happy that I don't to pay extortion fees.
I dont how that works, but i am Brazilian and things are not so bright for me, i will need to get out of here someday, i dont want extortion fees too, because they prevented us from buying cheap things from china, this place is crumbling with those abusive taxes, good luck with this win of not helping this circus
Teach me, please. Romanian here with settled status in the UK, I haven’t applied for citizenship yet, I only have my Romanian passport for now, I’m trading Futures and I need to find ways to do similar to you, my ex partner is Colombian and living with our daughter in Colombia at the moment, my daughter has British pass and Colombian pass and trying to get her the Romanian once we can spend some time in Europe as well.
5:18 what happens if you get stuck in Colombia for more than 183 days (e.g. pandemic 2.0) thus fall under their tax jurisdiction. Or vice versa, aren’t able to travel back to complete your 180 days thus lose your residency. Absurd.
In America you'll pay 30 to 45% of your income and another 5 to 10% for healthcare insurance. Plus random large medical bills. If I had to guess the typical American probably pays more in taxes / healthcare to get less than our friends in Europe. Unemployment and family leave is a complete joke here.
Australia sucks (I am accountant) and recently The Administrative Appeals Tribunal (AAT) held that a taxpayer was an Australian Tax resident EVEN though he was mostly living and working OS. Between 2017 and 2020 he spent less than 2 months in Australia. I suppose that means one has to get another Nationality???
What if I move my business to Europe and I have citizenship and structure it within a trust? Surely the Aus govt cannot touch your overseas income due to double tax treaties
@@liquid_metal Sir - this will not work. One has to SHOW that you have minimal connection to AU. Cancel health insurance, MV licence, divorce, no funeral plans, children not living rent free in a house you own. It is that bad. Au is punishing.
About your property in Bogotá-Colombia. How do you avoid paying property tax which is quite expensive? I estimate for that property it must be at least 1,000 dollars a year. Also the administration of the community of neighbors which in Colombia is very expensive. In that area it must be about 300 or 400 dollars a month or even higher.
If you think $1K/year is expensive, I humbly recommend that you ignore his videos. You are not the target audience he is aiming for as customers. After all, his business is to sell his services. What he says is irrelevant to you. You may only dream about all those schemas he talks about, but if in the end you get a meager salary and live paycheck to paycheck, it's all useless, as these things don't apply to you.
@@JC-jx9bpcompletely disagree, if people retired with 500k in a pension, you still would rather not pay it. Just bc he doesn’t own a private jet doesn’t mean he can’t watch these videos lmao
Currently in an abusive relationship with the Australian govt. They take half of what I earn, the ATO makes it not even worth going to work. Literally. So I've figured out I might as well work half the year! Insane.
They literally criminalise people not paying taxes. I know people who pay without a word of objection and are so scared of NHRC, that they do everything possible to stay aside and please NMRC, and it does look crazy to me, being a British naturalised European. I've never knew anybody else in the whole world being so scared and terrorised for their taxes than Britons.
It depends. Profession by profession, make your own calculations, do your homework. You are the project manager of your life. Andrew is right. However one size doesn’t fit all. Careful with taxes in Ireland. After you pay a professional ie an accountant to make a simulation of taxes in your situation, you may decide otherwise.
so if you trade stocks on US exchanges while living in Malaysia (for less than 183 days), do you pay axes to Malaysia because the work was done while you lived there?
If you are a US citizen, you will pay tax regardless. For me I trade US stocks but live in UAE so I do not pay capital gains tax. If I wanted my gains transferred to my home country I would be taxed at 30%.
@@davidkyle2073 Actually I am not American, but I take advantage of the system, the UAE and the US do not have a tax treaty so I don't pay capital gains. The only way you'll escape worldwide taxes as an American is if you denounce your citizenship.
@@JA-he2qz only if you are under digital nomad visa 1year to be renewed than yes there is around 9% if not mistaken BUT if you own property or under MMH2 which gives you 10 years visa and actually doesn’t allow you to work in Malaysia since its retirement visa than no you DONT pay tax on your income.
You've moved and have been living in Malaysia, and doing business there, you admire there taxes free, so far I think most of your clients are based in U. S A. or Western nations, you are a guy who love taxes haven, aren't t you?. Plus I am from Cambodia, I definitely going retire there
Hi, Nomad C, could you please provide me with the link to your second UA-cam Channel? The one where one of your staff teaches about Hiring taxes for acquiring exployees. Thanks.
Love your work, but have a very specific challenge/question: a large percentage of my wealth is in a 401K, and the manager of the 401K INSISTS they MUST automatically take 20% off the top of ANY distribution I take (I am an entrepreneur, but past 59 and taking distritbutions without "penalties"). Is there ANY way at all to lessen or do away with that. Even IF I were to expatriate, won't the USA insist on taking at least that from what is in the 401K? Thank you!
I live in Canada (a very high-tax country). I make 100% of my income off of gains (and drops) in the U.S. stock market, so I don't really need to live in Canada, I was simply born here. I am definitely making plans to leave Canada soon and only come and visit my place of birth 4 months of the year during the nice warm summer months. At other times I plan to live elsewhere where I don't have to pay massive amounts of income taxes each year for next to nothing in return.
Socialist programs are necessary and aren’t even the problem. The problem is giving all our money away to the military industrial complex, other countries, Big Pharma, subsidizing sugar and big gas & oil and on the list goes. Supporting education is supporting the worlds future
@@jhmailcenter1 Refuse to pay. Research how to escape taxation. I found it is possible, but the schemes I found published are too complicated for me, as I found that accountants are giving these advice. My approach is to find where and how to cash out, and then to hide for a while until everybody forgets about me. Then one day I will appear in my new identity and my new avatar....but, this,until I found some better ideas. I speak like that with three passports and opportunities to travel and move away, and ...I am not sure that everybody can be like me.
U.S. and Italian citizens living about 6 months in each country. Formal residence is in the U.S.. both countries are horrid from a tax prospective. I’m an employee of a U.S. company. I guess I’ll need to contact you for some advice…thanks for your interesting content.
Thanks for your comment! Feel free to reach out, our team will be happy to discuss your case: nomadcapitalist.com/apply/ Looking forward to assisting you!
No thanks, Colombia. They recently implemented a ridiculous wealth tax. Read the country's tax documentation (or a summary) before getting too excited about moving there.
Retired 22 years ago at 45 funded by slow flipping my house. Working on house #4 now. The first $250k of capital gain is tax free. So no need to even file Federal or state income tax. Qualified for free healthcare (Medicaid) and free smartphone (LifeLine).
In a previous video you mentioned that citizen by descent would cost anywhere between $5000 and $15,000 through your company. I spoke to one of your representatives and they said no. They said it’s $15,000 plus an extra $5000 for my 16-year-old son.. can you confirm? Thank you.😊
Actualy we still live in the middleages if you have some decent income. There is one difference if you are poor you have nothing to lose .Absolutly nothing .But if you are rich you have to pay for the lifestyle and the wars of the king .
Do i have to move out of canada to use your strategies to pay less tax? Or can I open a corporation in a tax friendly country and make my current company a subsidiary of that company to pay less taxes?
I think the US tries to tax all business activities it can ,so if your company does business in it they want you to pay. The type of business seems to determine many taxes.
The taxman has given this plenty of thought and in most - although not all - developed countries the average entrepreneur can't just incorporate offshore and save taxes without leaving. That's anecdotal and not tax advice; feel free to contact help@nomadcapitalist.com for assistance.
Yes but the life of someone who moves all the time is lonely and stressful I dont want that, i just want one place to call home, do i have to pay taxes there too.
Keeping money out of the hands of politicians is the most moral thing people can do. If YOU want your money to go directly to poor people, YOU go use a charity. Don't try to impose your morality on others.
Most leftists (the ones who love to tax the rich so much) use moral relativism so I'm going with that. If you feel like it's right, then it's right LOL!!
Basically you're saying, I spent less than 183 days in each country so the country "can't tax you" but - they could still tax you if they consider your "center of life" if there - isn't that tax evasion?
We've talked about it: ua-cam.com/video/De1QecSwlX4/v-deo.html and ua-cam.com/video/Ofr1SWnadsU/v-deo.html and ua-cam.com/video/v-iiDvGKDXU/v-deo.html and others
Worst country on earth ! The ghetto. The local gangs will steal everything you have. That's the dumbest and most criminal place I have visited. Never again. I am boycotting it now.
I have some questions in mind. I would be grateful if you or anyone answers that. 1. If I create a trust and a company in St. Kitts and Nevis and then create another company in USA for business as a subsidiary of St. Kitts company and I invest approx. $2.5-3M in US stock market via funds invested in US company from parent St. Kitts company as loan or debentures. Can I take all the profits generated in USA to my St. Kitts company without paying any tax in USA. If yes, how? 2. If No, then, is there a legal way of buying proprietary software from parent company to US company and pay some royalty each year to parent company? Will it be considered as expense in US and tax free? Thanks in advance.
Not true. Denmark has already implemented taxes on notional increases in the value of some shares and ETFs and these can be as high as 43% a year. Plus places like Norway also tax you on notional value of all financial assets when you leave as an exit tax.
@@InvestgoldUK it doesn't matter what country has taxes on capital gains tax. If you DON'T SELL YOUR ASSETS they can't charge you tax 💯 You get a loan from the Bank it's called good debt! Inform yourself
Haha " the guvernament takes care of the ppl" hahaha 😂😂 High wealth individuals usually create the majority of the companies that create the market economy (except in socialist/comunist regime). They create /employ ppl, let's assume they hire 1 individual and pay 1k euro for him. That means the guvernament gets VAT + ~40% tax 400 euro + the employee that has 600 euro to reintroduce into the economy. He the owner wants to pay as low as possible 1) corporate tax and 2) divident tax 😆 lol I would have assumed this chanel does not attract uneducated ppl I stad corrected plebs everywhere
After spending months watching these videos I now have it all planned out. All I need is the money!
😂
Same thing here😅
Precisely 😅🎉😊
Am where I can afford to be independent in Cali.
Do you ever rent your apartment in Bogota, Colombia. Asking for a sweet lady friend from The USA and I 😊
@@dakota-rt8kd I do. Just send your lady friend out one week before you arrive and we'll call it even.
It will come!
I wouldn't mind paying a REASONABLE amount of taxes if the government actually used it wisely and made life easier for citizens.
Instead, the taxes are too high, the government is not spending tax money wisely and they are overregulating everything, making it so complicated to run a business or do anything at all.
So I left a few years ago👍
Governments ran just fine before income taxes were introduced. Far better than they actually do today. America's economy was the strongest in the world when Americans paid no income taxes before 1913
where did you go?
Why should I pay usa taxes if our veterans are homeless our millennial can't afford a home and all the tax revenue goes to securing an Israeli and ukrainian border instead of out own while illegal immigrants get free handouts?
I'd accept 15% flat tax forever. And I want to receive a receipt saying _exactly_ how my money was spent.
@@fjorddenierbear4832 look at Hungary or Hong Kong they have (I believe 15%) flat taxes. Singapore is a progressive system, but it doesn’t go above 15% until you are making over 160,000 a year and the first few steps are really low. It caps out at 22% for 320,000 and there is no capital gains on non-real estate investments.
Personally I like the fixed fee model like Italy’s program. Here is your €100,000 and we are done. No paperwork super easy.
Your content has really become first rate from a production standpoint. Even Andrew’s delivery has gone up a notch. Just wanted to tell you I noticed. Nice work.
Thank you so much for your feedback! We're constantly striving to improve and deliver the best content possible.
@@nomadcapitalist I still don't get how you can live in columbia even occasionally though. How are your organs still intact. Do you take a mercenary group or a hired paramilitary there when you go?
@@nomadcapitalist Lack of Donald Trump impressions is noted. Must improve.
@nomadcapitalist does your system only work for business owners, right? Any W2 Income doesn't work with that
Well I know one thing, I refuse to pay anymore taxes in this country. Not a dime. I've had it! I'm trying to get out and try the Ireland deal but it always seems like I can't catch up to match the downpayments for residencies in these places. They want and arm and a leg. Well whatever. Everybody wants fast money but if it was easy everybody would have it.
Polish people who move back to Poland get to live four years tax free!
What if I identify as Polish?
Not quite. The first 85528 PLN earned in the year are income tax exempt, any excess is taxed at normal rates, and they still have to pay social security contributions from the first dollar. And 85528 PLN is around USD 21.000. It's a good exemption, but it's not what I would consider tax free.
how did you figure that? Do you have any proof ? please post the link
I notice the A/B testing your team is doing on your content titles. Very smart. For the record, I clicked on the earlier title with "0". I saved it for viewing later today. Love your content and will be at next year's conference.:)
can you explain what the A/B testing is to us Anthony?
Hi Andrew, found your channel recently, your contents are so good!! As a Malaysian I am very proud to hear that your channel constantly mentioning my country! 🇲🇾 hope you are loving our Nasi Lemak and Roti Canai ✨
I went to UK to study abroad and just started working. Currently thinking if I should stay or go back to Malaysia. I admire your way of living and its definitely what I am planning to do in the future! Would like to see some contents for graduates or even contents for Malaysians who went abroad?
Please continue with the amazing works! ☺️🥳
I am Portuguese and I live since 2022 in Brazil. I pay 0 taxes here. Just this year I made 1M in Crypto and I'm so happy that I don't to pay extortion fees.
I dont how that works, but i am Brazilian and things are not so bright for me, i will need to get out of here someday, i dont want extortion fees too, because they prevented us from buying cheap things from china, this place is crumbling with those abusive taxes, good luck with this win of not helping this circus
@@caduguardrailkingowo Você sô tem que aprender a jogar o jogo. Como eu sou cidadão Europeu tem várias formas de ... driblar o sistema ;)
Teach me, please. Romanian here with settled status in the UK, I haven’t applied for citizenship yet, I only have my Romanian passport for now, I’m trading Futures and I need to find ways to do similar to you, my ex partner is Colombian and living with our daughter in Colombia at the moment, my daughter has British pass and Colombian pass and trying to get her the Romanian once we can spend some time in Europe as well.
Andrew, your presentations just keep getting better & better. Peace be with you. Out.
love the pace of the video! Deliveres what the title says and doesnt waste any of my time . Straight to the point
These videos are your bread and butter. They represent your expertise in a concise and obvious way. Make more of these, less on the others.
5:18 what happens if you get stuck in Colombia for more than 183 days (e.g. pandemic 2.0) thus fall under their tax jurisdiction. Or vice versa, aren’t able to travel back to complete your 180 days thus lose your residency. Absurd.
In America you'll pay 30 to 45% of your income and another 5 to 10% for healthcare insurance.
Plus random large medical bills. If I had to guess the typical American probably pays more in taxes / healthcare to get less than our friends in Europe. Unemployment and family leave is a complete joke here.
Canada is even worse.
What… no no. You are forgetting about state taxes…
That’s why I can’t wait to get out
Don't forget income tax and sales tax
Same in Australia
Australia sucks (I am accountant) and recently The Administrative Appeals Tribunal (AAT) held that a taxpayer was an Australian Tax resident EVEN though he was mostly living and working OS. Between 2017 and 2020 he spent less than 2 months in Australia. I suppose that means one has to get another Nationality???
What if I move my business to Europe and I have citizenship and structure it within a trust? Surely the Aus govt cannot touch your overseas income due to double tax treaties
@@liquid_metal Sir - this will not work. One has to SHOW that you have minimal connection to AU. Cancel health insurance, MV licence, divorce, no funeral plans, children not living rent free in a house you own. It is that bad. Au is punishing.
About your property in Bogotá-Colombia. How do you avoid paying property tax which is quite expensive? I estimate for that property it must be at least 1,000 dollars a year. Also the administration of the community of neighbors which in Colombia is very expensive. In that area it must be about 300 or 400 dollars a month or even higher.
If you think $1K/year is expensive, I humbly recommend that you ignore his videos. You are not the target audience he is aiming for as customers. After all, his business is to sell his services.
What he says is irrelevant to you. You may only dream about all those schemas he talks about, but if in the end you get a meager salary and live paycheck to paycheck, it's all useless, as these things don't apply to you.
@@JC-jx9bpcompletely disagree, if people retired with 500k in a pension, you still would rather not pay it. Just bc he doesn’t own a private jet doesn’t mean he can’t watch these videos lmao
He says it's about $1,500 and he just pays it. You can't avoid property taxes as property is a local asset and taxed regardless of where you live.
@@nomadcapitalist Thanks.
1k a year to middle class Americans is not "expensive" and I think Andrew is high income.
The only thing I don't like about Malaysia is that they had a very high uptake of the covid vax and restrictions. Worries me about the future.
Pureblood😏
can you explain more?
Every country has it's pros & cons. I would personally never live in the United States again. I've been in Jakarta since 2014.
Are your worried the population will turn into some kind of mutants?
@@Mnil52 Tainted genepool. I will never date or marry a mRNA-jabbed woman.
Currently in an abusive relationship with the Australian govt. They take half of what I earn, the ATO makes it not even worth going to work. Literally. So I've figured out I might as well work half the year! Insane.
UK is not tax friendly anymore that I know of
They literally criminalise people not paying taxes. I know people who pay without a word of objection and are so scared of NHRC, that they do everything possible to stay aside and please NMRC, and it does look crazy to me, being a British naturalised European. I've never knew anybody else in the whole world being so scared and terrorised for their taxes than Britons.
Keep in mind in a country with weak democracy your assets are prone to arrest, confiscation, and other types of loss, and it may happen unpredictably
It depends. Profession by profession, make your own calculations, do your homework. You are the project manager of your life. Andrew is right. However one size doesn’t fit all. Careful with taxes in Ireland. After you pay a professional ie an accountant to make a simulation of taxes in your situation, you may decide otherwise.
What about going to deutscheland. They have high taxes 30%. I heard cheapest offshore corporation was on British virgin islands. I am from Maryland.
Thank you Andrew
so if you trade stocks on US exchanges while living in Malaysia (for less than 183 days), do you pay axes to Malaysia because the work was done while you lived there?
No, if you’re a US citizen. You pay your tax to America, regardless of where you live.
If you are a US citizen, you will pay tax regardless. For me I trade US stocks but live in UAE so I do not pay capital gains tax. If I wanted my gains transferred to my home country I would be taxed at 30%.
@@Tommygunn258 so you’ve renounced your US citizenship
@@davidkyle2073 Actually I am not American, but I take advantage of the system, the UAE and the US do not have a tax treaty so I don't pay capital gains. The only way you'll escape worldwide taxes as an American is if you denounce your citizenship.
@@Tommygunn258 you mean “renounce”
I missed the pastel suits.
Only guy I know who could pull it off.
minimizing taxes can significantly impact your overall returns.
I agree Malaysia is quite reasonable when it comes to taxation based on my experience too
so if you trade stocks on US exchanges while living in Malaysia, do you pay axes to Malaysia because the work was done while you lived there?
@@JA-he2qz only if you are under digital nomad visa 1year to be renewed than yes there is around 9% if not mistaken BUT if you own property or under MMH2 which gives you 10 years visa and actually doesn’t allow you to work in Malaysia since its retirement visa than no you DONT pay tax on your income.
Hey , Hey bro , Which country is better for forex to work with lowest tax ? How is malaysia ?
You've moved and have been living in Malaysia, and doing business there, you admire there taxes free, so far I think most of your clients are based in U. S A. or Western nations, you are a guy who love taxes haven, aren't t you?. Plus I am from Cambodia, I definitely going retire there
Hi, Nomad C, could you please provide me with the link to your second UA-cam Channel? The one where one of your staff teaches about Hiring taxes for acquiring exployees. Thanks.
Love your work, but have a very specific challenge/question: a large percentage of my wealth is in a 401K, and the manager of the 401K INSISTS they MUST automatically take 20% off the top of ANY distribution I take (I am an entrepreneur, but past 59 and taking distritbutions without "penalties"). Is there ANY way at all to lessen or do away with that. Even IF I were to expatriate, won't the USA insist on taking at least that from what is in the 401K? Thank you!
Does six figures include the numbers after the decimal point?
Much appreciation for the financial enlightenment. You are awesome.
love from 🇮🇳
Does anyone have residence in country A in europe and a business open in another countrynin eu? If yes, how do you pay your taxes in your A country ?
1:58 thats the type of place that is promoted on this channel
I live in Canada (a very high-tax country). I make 100% of my income off of gains (and drops) in the U.S. stock market, so I don't really need to live in Canada, I was simply born here. I am definitely making plans to leave Canada soon and only come and visit my place of birth 4 months of the year during the nice warm summer months. At other times I plan to live elsewhere where I don't have to pay massive amounts of income taxes each year for next to nothing in return.
Thanks for sharing!
Hey bro , Which country is better for forex to work with lowest tax ?
I am so sick of paying half my wages in taxes to support socialist programs I never qualify for.
Yep… and it’s only gonna get worse.
Agree completely. But what can be done?
Come to Canada, with Gst and carbon tax it’s like 75%. FJT
Socialist programs are necessary and aren’t even the problem. The problem is giving all our money away to the military industrial complex, other countries, Big Pharma, subsidizing sugar and big gas & oil and on the list goes. Supporting education is supporting the worlds future
@@jhmailcenter1 Refuse to pay. Research how to escape taxation. I found it is possible, but the schemes I found published are too complicated for me, as I found that accountants are giving these advice.
My approach is to find where and how to cash out, and then to hide for a while until everybody forgets about me. Then one day I will appear in my new identity and my new avatar....but, this,until I found some better ideas.
I speak like that with three passports and opportunities to travel and move away, and ...I am not sure that everybody can be like me.
What do you think about Liechtenstein?
How do you deal with your sense of belonging to one place and culture? I have seen many of your videos but this question always pops out.
U.S. and Italian citizens living about 6 months in each country. Formal residence is in the U.S.. both countries are horrid from a tax prospective. I’m an employee of a U.S. company. I guess I’ll need to contact you for some advice…thanks for your interesting content.
Thanks for your comment! Feel free to reach out, our team will be happy to discuss your case:
nomadcapitalist.com/apply/
Looking forward to assisting you!
As Finland you have tax? 😊
“Heavy handed”, how true, isn’t it?
No thanks, Colombia. They recently implemented a ridiculous wealth tax. Read the country's tax documentation (or a summary) before getting too excited about moving there.
Retired 22 years ago at 45 funded by slow flipping my house. Working on house #4 now. The first $250k of capital gain is tax free. So no need to even file Federal or state income tax. Qualified for free healthcare (Medicaid) and free smartphone (LifeLine).
Flipping homes is a great way to make federal tax free income every two years.
Great job!
House number 4? Right on !
In a previous video you mentioned that citizen by descent would cost anywhere between $5000 and $15,000 through your company. I spoke to one of your representatives and they said no. They said it’s $15,000 plus an extra $5000 for my 16-year-old son.. can you confirm? Thank you.😊
Wow, I thought it would be much more expensive. That's a pretty good deal .
That is a good price, but when Andrew Henderson says it’s between $5000 and $15,000 it makes you think
If the Sales team said it, then it's true. Please send us the link of where a lower price was mentioned so it will be removed or noted.
I will track down the actual video. It may take some time.
@@nomadcapitalist The OP said you said $5k to $15k ... If your sales team said $15k ..then it's still within that range albeit at the maximum
Actualy we still live in the middleages if you have some decent income. There is one difference if you are poor you have nothing to lose .Absolutly nothing .But if you are rich you have to pay for the lifestyle and the wars of the king .
Great content 💯🍿☝️
Do i have to move out of canada to use your strategies to pay less tax? Or can I open a corporation in a tax friendly country and make my current company a subsidiary of that company to pay less taxes?
I think the US tries to tax all business activities it can ,so if your company does business in it they want you to pay. The type of business seems to determine many taxes.
The taxman has given this plenty of thought and in most - although not all - developed countries the average entrepreneur can't just incorporate offshore and save taxes without leaving. That's anecdotal and not tax advice; feel free to contact help@nomadcapitalist.com for assistance.
@@nomadcapitalist I plan to contact you in a few years once my business is big enough to warrant it. Thank you.
Yes but the life of someone who moves all the time is lonely and stressful
I dont want that, i just want one place to call home, do i have to pay taxes there too.
Can you talk about Qatar
We would like to know about it Dubai is very high in cost of living
Thank you for the comment! We'll certainly keep Qatar in mind for our upcoming videos. Stay tuned!
Is foreign earned income exclusion still active for US citizens?
Yes, you have to file the proper forms though
All of this seems to dependent on being self employed, so a freelancer, or having a business.
Then you know what you need to do...do it and stop complaining.
Being a freelancer is easier than ever these days. Get some skills that you like and is valuable and keep trying for a while. Its gonna take time.
There are multiple tax structures for USA citizens to pay zero tax -but i think you never learned this
@stevenpendragon8624 can you make a video about it?
Is it legal? Proably. is it moral? you respond
Keeping money out of the hands of politicians is the most moral thing people can do. If YOU want your money to go directly to poor people, YOU go use a charity. Don't try to impose your morality on others.
@@SAL-fs1mr I didn't try to impose anything, i just wanted to explain him to try to explain his philosophy
No, it is not moral. Because tax funds our society. If one person does not pay taxes, another person has to pay more.
Most leftists (the ones who love to tax the rich so much) use moral relativism so I'm going with that. If you feel like it's right, then it's right LOL!!
@@dagda3000 Except in this case, one person doesn't live there anymore and doesn't use services.
Remember the term " legal " only applies to corporations , and not to any man or woman...
Basically you're saying, I spent less than 183 days in each country so the country "can't tax you" but
- they could still tax you if they consider your "center of life" if there
- isn't that tax evasion?
If you are really smart person tell how poor people can make money milloners have already known the way because they are milloners already.
We've talked about it: ua-cam.com/video/De1QecSwlX4/v-deo.html and ua-cam.com/video/Ofr1SWnadsU/v-deo.html and ua-cam.com/video/v-iiDvGKDXU/v-deo.html and others
Greece????? Not tax friendly!
Yes, it is.
iM MOVING TO THE DOMINCIAN REPUBLIC
You would love Riu Palace Macao. That is a lovely place as a base to start property hunting.
Worst country on earth ! The ghetto. The local gangs will steal everything you have. That's the dumbest and most criminal place I have visited. Never again. I am boycotting it now.
The new American dream is to get away from America 🤦
Hey I any country that would send me a Christmas card from the government, is where I need to be. Get me out of Australia!
You can’t give up us citizenship. You can not claim it if you want (have to be dual citizenship with another country) but can’t give it up.
Do a video called How To Pay Zero Taxes Forever (Illegally).
We are the "goody two shoes" of the offshore industry.
I have some questions in mind. I would be grateful if you or anyone answers that.
1. If I create a trust and a company in St. Kitts and Nevis and then create another company in USA for business as a subsidiary of St. Kitts company and I invest approx. $2.5-3M in US stock market via funds invested in US company from parent St. Kitts company as loan or debentures. Can I take all the profits generated in USA to my St. Kitts company without paying any tax in USA. If yes, how?
2. If No, then, is there a legal way of buying proprietary software from parent company to US company and pay some royalty each year to parent company? Will it be considered as expense in US and tax free?
Thanks in advance.
Never sell your assets, no tax 😂
Not true. Denmark has already implemented taxes on notional increases in the value of some shares and ETFs and these can be as high as 43% a year. Plus places like Norway also tax you on notional value of all financial assets when you leave as an exit tax.
@@InvestgoldUK it doesn't matter what country has taxes on capital gains tax. If you DON'T SELL YOUR ASSETS they can't charge you tax 💯
You get a loan from the Bank it's called good debt! Inform yourself
You renounced your American citizenship, that half of it
Elon musk paid $11 Billion n got ZERO thanks, not even a cookie or thanks card 😂
ST LUCIAAAA
Canada sux
The extremely rich pay 0 tax... the government looks after the poor... basically it is us middle class that has to pay for the world?
Haha " the guvernament takes care of the ppl" hahaha 😂😂 High wealth individuals usually create the majority of the companies that create the market economy (except in socialist/comunist regime). They create /employ ppl, let's assume they hire 1 individual and pay 1k euro for him. That means the guvernament gets VAT + ~40% tax 400 euro + the employee that has 600 euro to reintroduce into the economy. He the owner wants to pay as low as possible 1) corporate tax and 2) divident tax 😆 lol I would have assumed this chanel does not attract uneducated ppl I stad corrected plebs everywhere
@@GrahamWinship hehe the government taxes what they let them tax. That is the whole point of paying huge money to tax advisors. (like this guy)
but but but what about all the starving babies that need your money to live?
🤣🤣🤣🤣
As the tax lovers would say, "THINK OF THE CHILDREN!!" haha!
That's right! We ARE ALL GUILTY!!!
Don't forget the roads and schools...
Drug dealer's pay no tax either
👍🏽👍🏽
Until 2026 .
What and why until 2026? Interested.
It's easy. be poor in a socialist country
Exempt ?????