So $150k for a family of 4 lifetime citizenship no real estate needed, rented, maintained, taxed, complianced. A plan C for sure especially if the accountant says its tax deductible its a complete no brainer. Well done Andrew.
What about turks and caicos. I spend just under a million in a few properties and the island ( apart from some local challenges) are just awesome. Please let us know what is the down side or up side of turks and Caicos. Thanks.
Hi nomad capitalist, please perhaps do a video regarding the just released segment on sky news about Australians paying over 50% in ‘sneaky’ taxes. From a 6 month long report just released by the ATA. VERY good information for content and in line with your message to people about ‘go where you’re treated best’. Australia has essentially become enslaved.
If I'm not mistaken, the government of Antigua & Barbuda offers an option to residents whereby they can be granted tax residency... and yet only have to spend a mere 30 days per year on the island. (Of course, those who avail themselves of this option must take steps to avoid becoming tax-resident somewhere else).
The concept of tax residency doesnt always matter as much where youre going, but more where youre leaving. I can go to St Kitts and be a tax resident in 30 days but that doesnt mean Canada will recognize it you know what I mean. Theyll say great, were still gonna tax you. I think andrew should mention tax treaties more, they protect people from double taxation like this and draw a clear line in the sand
@@KJ-bc3de If you spend only 30 days per year in St. Kitts, the government of that country will not grant you tax residency status. But in any case, as I wrote in my comment above: "those who avail themselves of this option must take steps to avoid becoming tax-resident somewhere else" So a person could get tax residency in Antigua after only 30 days residency (if he meets certain other conditions that are set forth by the government of that country); and if he's willing to lead a nomadic life, he could... if he wanted to.... spend a lot of time in high-tax countries (e.g., Spain & France) without paying any income tax. [Again, I not saying that avoidance of tax is automatic; it only happens as a result of knowledge of steps that have to be taken to avoid becoming tax resident in each country that the person is staying in].
@@Timithos no, it's a stepping stone and a safety net, a second passport based on residency in case the US passport becomes non functional. Nica does not tax foreign sourced income and if I were planning to be a full-time resident an off-shore business entity would be part of the plan.
Roger Ver has said that a lot of merchants in that country accept bitcoin cash... which could be a way for people to avoid having to sell crypto for fiat; they can just use the crypto directly.
Hi Andrew. I’ve been looking at the Caribbean for my long term plan for awhile now and I am interested in your thoughts on the overseas territory of Turks and Caicos. I’m pretty big on avoiding property tax if possible, but I’ve heard some conflicting information. From what Google has told me, it has both no property tax and no taxes on corporate and personal income. Am I missing something that makes this not a great option?
@@mongooseeight311 Thank you for the thorough answer! There is a lot of really interesting information there. I have never heard about Canada’s refusal of Turks and Caicos. Hopefully they aren’t still offering or Canada may one day be smart enough to accept. Isn’t it true you can invest a million dollars in real estate on Providencias to qualify for permanent residency? Also, once present aren’t there no taxes on property or business / personal income? For me personally I am just looking for a beautiful country to establish as a home base for a few decades not too far from clients in the states, maybe to move my employees and main office there. Definitely looking for somewhere where I can really own my own property to strengthen the security of my real estate portfolio. Bahamas is a strong contender because it’s closer and probably more urban in Nassau, which is a benefit to younger employees for sure. But Turks and Caicos keeps catching my eye.
I love Anguilla. Can you do a video ONLY on Anguilla...only how to get citizenship, how much time per year (if any) you HAVE to spend there. Do the other BVI islands count as time spent. Is the ONLY CBI requirement $75,000 per year, etc...
It’s def 3rd world once ya step out of the private protected condo complex. The roads are total chaos with motor scooters zipping around everywhere. Not much police enforcement. Super cheap but quality of food and services are quite low. Punta Cana or puerto plata.
@@user-dy2qq5wh4b Hello, I am Dominican and a lot of the things you point here are not accurate. It is true that roads have a long way to go. But I have driven in DR and can tell you most of the principal highways in the capital are in really good shape.
@@Timithos True but still no taxes on expats with external income. Also a big plus about not being in the Caribbean which makes it bearable in the summer and closer to civilization. It also has a much more active cultural scene than any island of comparable size due to its wealth and stronger connections to NY and London. In short it is a more realistic place to live.
for some reason I thought these buy in citizenships were so much more expensive, guess I was thinking along the lines of Malta... I would prefer Carribbean, so great news!
Big question, rather simple I understand you can create a service based company in places like PR and Cayman Islands, etc However, can we own a tax and accounting company (like a CPA firm) and have employees here in the states and still take advantage of the tax benefits? Thanks!!!
Excellent video. Very interesting. I’m new to all this stuff. I would like to know if you can invest in the US stock market if you live in the Caribbean. Do you have to give up US citizenship? If you go through a brokerage won’t you get taxed? I’m curious how to acquiring wealth tax free through the stock market legally Is this possible? I have so many questions. I’m so happy I found this channel.
Caribbean islands are too relaxed for me at this point but i do like the idea of being close by in maybe Florida or a Caribbean country such as Panama, Mexico or Colombia.
Antigua and Barbuda taxes self-employed up to 25% and has a mandatory social insurance tax of 10%. I guess 35% is better than the 42% one would pay the in US, but it's not exactly what I would call "good" for self-employed.
How could you expect to find benefits in the largest of the islands where the oil money doesn't improve the infrastructure or overall well-being of people? In Trinidad? Never, unless you live in South or Tobago.
Appreciate your videos Andrew. I work online and am considering moving to Mexico from the UK. I would like some advice re paying tax and at what point can I stop paying UK tax. Can you recommend someone I can talk to.. because unfortunately I haven't got the funds for your services.. Thank you
Great videos. Thanks for your insight. I currently live in Turks and Caicos with zero tax liability. It's a BOTC that you haven't mentioned, even though it is super popular among Americans. Why don't you highlight Turks? Just curious.
Do you know if anyone (in the US) has successfully written off one of these donations to get a citizenship as a business expense? For example, if I travel to China frequently for business and I decide to get Grenadian citizenship to save time and hassle with visas.
Does a shell company using my US money to buy up crypto with my foreign company count towards citizenship? Hypothetically asking. You know, for a friend.
Hello Andrew, could you possibly go into more detail about both living and or having a business in the Bahamas? The benefits and the drawbacks? I realize there are many options, but I have. It hear a lot about the Bahamas. Thank you
I'm a crypto cofounder just wrapping up our seed round. I've been looking at Grenada, Antigua, and Barbados. But I never hear you mention Barbados, is it not a tax friendly place?
Hiya Andrew , i notice you often never include Dominican republic in your Caribbean picks ? Any special reasons ?? i hear they have first 3 years tax free ?
As a Brit, the Cayman Islands is my end goal destination and it's part of my 5 year plan to get a flag planted there. The place just seems like some weird love child between merry old England and modern day Florida, but my biggest concern right now is the fact they are electing Progressive governments - I mean how long is the dream going to last before they destroy everything? Ultimately I want citizenship in low/zero tax places that have well developed towns and infrastructure so Cayman and Bahamas seem like good options, some of the smaller islands just lack facilities although they make great vacation destinations.
seems like socialism is embedded into the British DNA. Even supposedly free and independent minded Aussies have gone full-socialist. I'd be concerned with the Caymans as well
@@ThomasStYeng I don't know how it's embedded into our DNA given that we were fighting it in wars throughout the last century, but yeah, it's just the West in general. Not so much the people, but Governments deliberately working with each other and going against what their citizens want. The EU is actually the biggest threat to the west, and I hope it collapses soon.
We are retiring from Canada, and have enough invested to purchase a high 6, low 7 figure home in the Carribbean and not pay any more income tax on our investment income, which in canada will be about 54%. We are considering turks and caicos and also looking for other options. Your comments please.
Is there one island that you would recommend for a large family? I'm building my portfolio and looking to leave the states when my investments have increased (which will then allow me to afford to leave) and would like to move my large 9 person family.
As a Dutch I can’t have 2 passports easily. But I don’t mind paying for a lifetime residence. Would that also be possible on some of the islands? No passport, just residence. Can pay the same, I dont care about that. Thx!
They have some interesting tax treaties, but they also have some oddball quirks in those tax treaties. There are some advantages in terms of Barbados as a holding company especially for Caricom citizens living in other Caricom countries. They also don't have a terrible corporate tax rate overall for an active company, but their personal income tax rate is not the greatest.
"BOTC feeling": I almost understood "PotC feeling", PotC standing of course for Pirates of the Caribbean, which is what we are in a way. Because we want freedom of doing business and not been immersed by stupid regulations and abusive taxation, and our enemies are the East-India-Company-like respective governments, if not even higher institutions, that only swear by confiscation and monopoly!
Hi Andrew, I am only 5-6 figure Entrepreneur, I own a Jet Charter Service Brokerage. We Accept Crypto and are very interested in relocating to the Caribbean were would you recommend and do you see a service for the less than 7 figure Entrepreneur in the near future. I have been following you for a long time and remember when you did support 6-7 Figure individuals. We are interested in the Caribbean because we do a lot of business where with various Yacht Charter Services. We love Island life and living on Island Time and know that it would be very beneficial for to live the US as we grow our international clientele.
Come to The Bahamas! I'm from The Bahamas and we would love to have you!
The Corn Islands in Nicaragua offer easy residency, and a territorial tax system
So $150k for a family of 4 lifetime citizenship no real estate needed, rented, maintained, taxed, complianced. A plan C for sure especially if the accountant says its tax deductible its a complete no brainer. Well done Andrew.
I like St. Kitts and Nevis.
I was considering Turks and Caicos
What about turks and caicos. I spend just under a million in a few properties and the island ( apart from some local challenges) are just awesome. Please let us know what is the down side or up side of turks and Caicos. Thanks.
How about Belize?
Hi nomad capitalist, please perhaps do a video regarding the just released segment on sky news about Australians paying over 50% in ‘sneaky’ taxes. From a 6 month long report just released by the ATA. VERY good information for content and in line with your message to people about ‘go where you’re treated best’. Australia has essentially become enslaved.
I read 55% in total in Oz.
Sounds like Canada every year gets worse in more taxes
Which Island has fewest mosquitoes?
😂😂😂
If I'm not mistaken, the government of Antigua & Barbuda offers an option to residents whereby they can be granted tax residency... and yet only have to spend a mere 30 days per year on the island. (Of course, those who avail themselves of this option must take steps to avoid becoming tax-resident somewhere else).
The concept of tax residency doesnt always matter as much where youre going, but more where youre leaving. I can go to St Kitts and be a tax resident in 30 days but that doesnt mean Canada will recognize it you know what I mean. Theyll say great, were still gonna tax you. I think andrew should mention tax treaties more, they protect people from double taxation like this and draw a clear line in the sand
@@KJ-bc3de If you spend only 30 days per year in St. Kitts, the government of that country will not grant you tax residency status. But in any case, as I wrote in my comment above:
"those who avail themselves of this option must take steps to avoid becoming tax-resident somewhere else"
So a person could get tax residency in Antigua after only 30 days residency (if he meets certain other conditions that are set forth by the government of that country); and if he's willing to lead a nomadic life, he could... if he wanted to.... spend a lot of time in high-tax countries (e.g., Spain & France) without paying any income tax. [Again, I not saying that avoidance of tax is automatic; it only happens as a result of knowledge of steps that have to be taken to avoid becoming tax resident in each country that the person is staying in].
All out of my immediate financial grasp. The 30K property investment option in Nicaragua is looking more and more attractive to me.
@@Timithos no, it's a stepping stone and a safety net, a second passport based on residency in case the US passport becomes non functional. Nica does not tax foreign sourced income and if I were planning to be a full-time resident an off-shore business entity would be part of the plan.
@@Timithos BTW, I'm curious where you got the $3000/year residency in St. Kitts? I thought it was a one time $150,000 donation to the govt.
What about Barbados?
How about Bermuda?
Great Video!!🙌🏻😎 Thanks Andrew
How about Santa Lucia?
What about Trinidad &Tobago?
How about a video on St. Vincent and the Grenedines (SVG)? Pros and Cons.
Antigua has a lot to offer especially for retirement. One of my favorite islands in the EC.
Roger Ver has said that a lot of merchants in that country accept bitcoin cash... which could be a way for people to avoid having to sell crypto for fiat; they can just use the crypto directly.
Hi Andrew. I’ve been looking at the Caribbean for my long term plan for awhile now and I am interested in your thoughts on the overseas territory of Turks and Caicos. I’m pretty big on avoiding property tax if possible, but I’ve heard some conflicting information. From what Google has told me, it has both no property tax and no taxes on corporate and personal income. Am I missing something that makes this not a great option?
Great question
@@mongooseeight311 Thank you for the thorough answer! There is a lot of really interesting information there. I have never heard about Canada’s refusal of Turks and Caicos. Hopefully they aren’t still offering or Canada may one day be smart enough to accept.
Isn’t it true you can invest a million dollars in real estate on Providencias to qualify for permanent residency? Also, once present aren’t there no taxes on property or business / personal income?
For me personally I am just looking for a beautiful country to establish as a home base for a few decades not too far from clients in the states, maybe to move my employees and main office there. Definitely looking for somewhere where I can really own my own property to strengthen the security of my real estate portfolio.
Bahamas is a strong contender because it’s closer and probably more urban in Nassau, which is a benefit to younger employees for sure. But Turks and Caicos keeps catching my eye.
Y
I love Anguilla. Can you do a video ONLY on Anguilla...only how to get citizenship, how much time per year (if any) you HAVE to spend there. Do the other BVI islands count as time spent. Is the ONLY CBI requirement $75,000 per year, etc...
What about curacao or sint maarten
Hi Andrew, we are so curious to hear your thoughts on the Dominican Republic! Thank you!
It’s def 3rd world once ya step out of the private protected condo complex. The roads are total chaos with motor scooters zipping around everywhere. Not much police enforcement.
Super cheap but quality of food and services are quite low. Punta Cana or puerto plata.
@@user-dy2qq5wh4b Hello, I am Dominican and a lot of the things you point here are not accurate. It is true that roads have a long way to go. But I have driven in DR and can tell you most of the principal highways in the capital are in really good shape.
@@user-dy2qq5wh4b Food is really fresh, since agriculture is really alive
Good stuff....i love Caribbeans,hope to settle in one of those soon🤗
How about Belize for Amazon FBA business
I know Anguilla is more affordable for families from a CBI perspective, but what is most liveable?
St Vincent has that volcano problem, what deal are they willing to make us?
Surprised you didn’t mention Dominica
Please provide a sign up link for each island so you can get started on arranging documents and paperwork.
what about Turks and Caicos?
Does anyone have any experience or insights regards St Kitts & Nevis?
What about Bermuda?
@@Timithos True but still no taxes on expats with external income. Also a big plus about not being in the Caribbean which makes it bearable in the summer and closer to civilization. It also has a much more active cultural scene than any island of comparable size due to its wealth and stronger connections to NY and London. In short it is a more realistic place to live.
What about dominica ?🇩🇲 I'm planning to move there.
What about Dominica?
Bermuda just announced a Residence by Investment program recently
Enjoy the hurricanes.
Andrew what about the citizenship of the island you hold St Lucia, how tax friendly is St Lucia ?
30 percent income tax if you reside there. Otherwise it's zero
My only hang up with Caribbean islands is the hurricanes. I would be very nervous about any real estate
as Andrew likes to say, have more than one place to live. During the hurricane season, live somewhere else
@@ThomasStYeng :3
How many citizenships is one allowed to hold at once?
for some reason I thought these buy in citizenships were so much more expensive, guess I was thinking along the lines of Malta... I would prefer Carribbean, so great news!
Do you have to renounce your current citizenship to receive a citizenship by investment?
Can you talk about East of Europe and are there any benefits moving to Moldova?
Big question, rather simple
I understand you can create a service based company in places like PR and Cayman Islands, etc
However, can we own a tax and accounting company (like a CPA firm) and have employees here in the states and still take advantage of the tax benefits?
Thanks!!!
What about the French overseas territories in the Caribbean?
Is it possible/worth moving to these places if you aren't very rich?
Everyone needs to bring something to the party. That's almost always money or unique work skills, which the country's population lacks.
Excellent video. Very interesting. I’m new to all this stuff. I would like to know if you can invest in the US stock market if you live in the Caribbean. Do you have to give up US citizenship? If you go through a brokerage won’t you get taxed? I’m curious how to acquiring wealth tax free through the stock market legally Is this possible? I have so many questions. I’m so happy I found this channel.
Can you talk about BVI and Bermuda?
Can you talk about St.Vincent and the Grenadines?
What about sint-maarten ?
Ok thank you
Thanks for this Andrew! I think as time goes by, you'll find that the Grenada CBI program is the best one among these Caribbean islands
Grenada and the Cayman Islands is the best one
I'd like to know more about citizenship in Granada
I'm considering Aruba. What information can you give me about their residency and CBI programs?
Caribbean islands are too relaxed for me at this point but i do like the idea of being close by in maybe Florida or a Caribbean country such as Panama, Mexico or Colombia.
Freeport Bahamas. Practically the US
Antigua and Barbuda taxes self-employed up to 25% and has a mandatory social insurance tax of 10%. I guess 35% is better than the 42% one would pay the in US, but it's not exactly what I would call "good" for self-employed.
I like the sound of Nevis. Will look into that one further.
@@Timithos Sadly St Kitts doesn't have a Ministry of Silly Walks ... perhaps it can be funded by a Bitcoin billionaire?
Is it doable if you don't use crypto yet or you're not rich to go to these islands?
I was hoping to hear the words "Trinidad and Tobago". I have citizenship there and I am in the process of reacquiring my T&T passport.
Ah....
what is requirement there, for residency, or pp?
I was hoping to hear the same ting myself!! Well, we might not make it back home but at least we could live that sweet island life again... Yuh know!
How could you expect to find benefits in the largest of the islands where the oil money doesn't improve the infrastructure or overall well-being of people? In Trinidad? Never, unless you live in South or Tobago.
@@AISCRIPTINGCYBERSECURITY there is always a dotish person in the comments...
Rowley is a dictator. He's imprisoned everyone with another B.S. lock doors.
What about British Virgin Islands?
Andrew, How much is saved by only choosing places that use the US dollar? Thank you for all your advice.
What about Turks and Caicos Islands
Hi Andrew thanks for your info what about Dominican Republic?
Appreciate your videos Andrew. I work online and am considering moving to Mexico from the UK.
I would like some advice re paying tax and at what point can I stop paying UK tax.
Can you recommend someone I can talk to.. because unfortunately I haven't got the funds for your services.. Thank you
How did it work out for you?
@@Jakub.K0 Unfortunately the visa costs priced me out, so unable to get TR. Looking at Asia now
Great videos. Thanks for your insight. I currently live in Turks and Caicos with zero tax liability. It's a BOTC that you haven't mentioned, even though it is super popular among Americans. Why don't you highlight Turks? Just curious.
That’s where I’m from!
Any thoughts on USVI? Single digits like Puerto Rico?
Andrew, what about Aruba? And off topic, what about Malta? Thanks for all your efforts. Much appreciated.
@@Timithos Thank you for the information.
Thanks for this Nomad. Can you comment on healthcare in the Caribbean?
It's called eating real food.
Do you know if anyone (in the US) has successfully written off one of these donations to get a citizenship as a business expense? For example, if I travel to China frequently for business and I decide to get Grenadian citizenship to save time and hassle with visas.
I appreciate how you say 'Legally' in a Trumpian accent haha
Great video.
Thank you.
It is better in the caribbean 😁👍🏝️
Does a shell company using my US money to buy up crypto with my foreign company count towards citizenship? Hypothetically asking. You know, for a friend.
Hello Andrew, could you possibly go into more detail about both living and or having a business in the Bahamas? The benefits and the drawbacks? I realize there are many options, but I have. It hear a lot about the Bahamas. Thank you
I'm a crypto cofounder just wrapping up our seed round. I've been looking at Grenada, Antigua, and Barbados. But I never hear you mention Barbados, is it not a tax friendly place?
Dominican republic is not there :( wonder why. I know some places are not safe but.
Tax........friendly, is quite the oxymoron 😊
Lol
Can I buy a residence in St Vincent?
Hiya Andrew , i notice you often never include Dominican republic in your Caribbean picks ? Any special reasons ?? i hear they have first 3 years tax free ?
That place is getting crime ridden and gaining a reputation of being a brothel house for single guys.
@Kutalion loop human trafficking, unwanted pregnancy, violence, underage girls and boys, nah...you’re good
@Kutalion loop
Depends, if you're into retirement or relocation you don't really want to be around that stuff.
What about Jamaica?
What about the Dominican Republic?
As a Brit, the Cayman Islands is my end goal destination and it's part of my 5 year plan to get a flag planted there. The place just seems like some weird love child between merry old England and modern day Florida, but my biggest concern right now is the fact they are electing Progressive governments - I mean how long is the dream going to last before they destroy everything? Ultimately I want citizenship in low/zero tax places that have well developed towns and infrastructure so Cayman and Bahamas seem like good options, some of the smaller islands just lack facilities although they make great vacation destinations.
seems like socialism is embedded into the British DNA. Even supposedly free and independent minded Aussies have gone full-socialist. I'd be concerned with the Caymans as well
@@ThomasStYeng I don't know how it's embedded into our DNA given that we were fighting it in wars throughout the last century, but yeah, it's just the West in general. Not so much the people, but Governments deliberately working with each other and going against what their citizens want. The EU is actually the biggest threat to the west, and I hope it collapses soon.
WHERE IS BARBADOS?
Very easy to make your choice.just pick up the one with the lowest crime rate...
BERMUDA ?
We are retiring from Canada, and have enough invested to purchase a high 6, low 7 figure home in the Carribbean and not pay any more income tax on our investment income, which in canada will be about 54%. We are considering turks and caicos and also looking for other options. Your comments please.
Is there one island that you would recommend for a large family? I'm building my portfolio and looking to leave the states when my investments have increased (which will then allow me to afford to leave) and would like to move my large 9 person family.
@@Timithos thank you! I'll look into that. Have a good day.
As a Dutch I can’t have 2 passports easily. But I don’t mind paying for a lifetime residence. Would that also be possible on some of the islands? No passport, just residence. Can pay the same, I dont care about that. Thx!
Nice coincidence, was just researching Anguilla this morning just before this video was published.
Would love to hear what you think of Barbados.
They have some interesting tax treaties, but they also have some oddball quirks in those tax treaties. There are some advantages in terms of Barbados as a holding company especially for Caricom citizens living in other Caricom countries. They also don't have a terrible corporate tax rate overall for an active company, but their personal income tax rate is not the greatest.
Great video! One of my buddy from Bangladesh is asking if you have any recommendation for him for getting a second passport?
Is Bermuda a tax free country? I know it isn't in the Caribbean so to speak.
Planning now to enjoy soon! Subscribing to keep you close. Haha. Thank you!
T&C?
🏝
Mexican Andrew ;)
What do you know about Guadeloupe Island. Most videos just about visiting there. Not much about living there
EU is a big no no
"BOTC feeling": I almost understood "PotC feeling", PotC standing of course for Pirates of the Caribbean, which is what we are in a way. Because we want freedom of doing business and not been immersed by stupid regulations and abusive taxation, and our enemies are the East-India-Company-like respective governments, if not even higher institutions, that only swear by confiscation and monopoly!
Dominica?
Hi Andrew, I am only 5-6 figure Entrepreneur, I own a Jet Charter Service Brokerage. We Accept Crypto and are very interested in relocating to the Caribbean were would you recommend and do you see a service for the less than 7 figure Entrepreneur in the near future. I have been following you for a long time and remember when you did support 6-7 Figure individuals. We are interested in the Caribbean because we do a lot of business where with various Yacht Charter Services. We love Island life and living on Island Time and know that it would be very beneficial for to live the US as we grow our international clientele.
And no comment on your passport from St Lucia? Hmmmm
Yes..you would think st lucia would have gotten at least an honorable mention. Weird...
I don't think he would include St Lucia because it has an income tax. It doesn't fit the topic of this video.
Andrew, which tax friendly country also has the lowest cost of living and bargain Real Estate prices? Mexico?
Bulgaria
2 of my favorite islands: Bahamas & Anguilla 👌🏾
Thanks DAWG