Copy My 4-Part Offshore Company Structure

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Күн бұрын

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You’ve burnt the candle at both ends all year. You’ve sacrificed “your time” to build your business, all to be hit with a massive tax bill of 35%, 40%, or even 50%.
You now have less money to put back into your business and accelerate growth, less to put into other investments, and less money all around to cover your needs and live the lifestyle you want.
It’s time to do something different.
In this video, Andrew shows you how to create a perfect offshore structure.
00:00 Start
0:27 Benefits of Moving Overseas
2:21 Where to Move Your Business
6:41 Things to Consider
12:43 Staffing Companies
16:13 Holding Company or Trust
Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best."
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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.

Пікірлер: 146

@ammabthedigitallynomadic3385 Жыл бұрын

So because of this guy I moved to KL, and now I’m here , I wish he stop telling others because this city is too fantastic . Actually the country is too fantastic. And I just don’t want too many people to ruin it

@htcarsonjr Жыл бұрын

What you mean by KL

@tang0r Жыл бұрын

@@htcarsonjr Kuala Lampur I assume

@jamalgreen3056 Жыл бұрын

They won’t ruin it it’s simple if u get more of the kinda foreigners to learn about there culture traditions and beliefs they will respect Malaysia and won’t be living like a foreigner that will be living like a local

@JonnyMReck Жыл бұрын

The good news is that Malaysians know what is best for their country - letting high net worth individuals and value creators in is a net positive. Malaysians won’t let in riff raff

@jamalgreen3056 Жыл бұрын

@@JonnyMReck neither do Indonesia these 2 both are prize positions of south east Asia

@georgemav7 Жыл бұрын

Love Nomad. I have been watching the channel for some time. The main thing is the message and Andrew certainly gets the message out.

@johnbethea4505 Жыл бұрын

This guy would be great to hire if you wanted to move and had plenty of money to build a business. I am just to old to go anywhere now.

@nomadcapitalist Жыл бұрын

We're still glad to have you. You may consider Nomad Capitalist Live: www.nomadcapitalist.com/live.

@nvn__ Жыл бұрын

Thank you man. It's always a pleasure to watch your videos.

@dl5270 Жыл бұрын

been watching your content for a while now. Always something new to learn and always enjoy the way you present the material. Keep it up, Mr. Hammond - we need this info!

@anakein Жыл бұрын

Wow, this is exactly the video I had requested a couple days ago! Thank you!

@jessiesheldon-huffey1824 11 ай бұрын

Can you do a video about setting up a non profit in other countries? Tax implications, using the non profit structure to your advantage, etc.

@Wablestomp2 Жыл бұрын

As a young entrepreneur this is very valuable information to envision what the future may look like as I scale and grow

@dw4861 Жыл бұрын

This is perfect Andrew, very helpful.

@rawadventures9597 11 ай бұрын

Great stuff, here's a friendly video editing tip; create a spaces for people to think, especially when changing context or topic - this allows for people to summarize your message before being introduced to something different. Yes, internet videos are "faster" than linear media; but there's still a need to emphasize context switching, think of it as a paragraph in a text. Again, good stuff.

@nomadcapitalist 11 ай бұрын

Thanks for the idea!

@human2divine Жыл бұрын

This video was GrEat!!! More like this please with tactical ideas

@RichiRothschild Жыл бұрын

Amazing Andrew 💎

@Useless_Knowledge07 Жыл бұрын

This was an informative presentation.

@ksl927 Жыл бұрын

Extremely intelligent guy, I was impressed with the way he tweeted without knowing who he was.

@ohdannyboy613 Жыл бұрын

One of the most informative videos ever!

@nomadcapitalist Жыл бұрын

Glad you think so!

@markpowers4727 Жыл бұрын

Outstanding information

@testuprock Жыл бұрын

Nomad Capitalist are never disappoint!

@Atem_S. Жыл бұрын

Holding company game is your best friend here!

@noni6656 Жыл бұрын

great info in 1 clip

@align432yoga Жыл бұрын

Would like to hear about domiciling a company vs creating a holding company for management/IP/Royalty fees etc.

@HyggeJourney Жыл бұрын

Yes, that would be a great topic!

@coyoteattention Жыл бұрын

This is an incredibly complex topic. Domiciling is easy you basically agree to fulfill certain regulatory requirements. Redomiciling is very expensive and risky for certain changes. Staffing companies are fairly easy but they usually create a permanent establishment and you owe taxes based on the proportional share of revenue so you want to hire in low tax places. Your goal is generally to make as much of your business royalty income (Apple has an IP company that contracts with an engineering division to buy the design patent. The sales office leases the IP and sends it to manufacturing. The manufacturing business is barely profitable.) You also need a business purpose other than just lowering taxes.

@deanopumpkin Жыл бұрын

Yes, pls do a video on the process of moving everything

@nathanjenkins8731 Жыл бұрын

It depends on the jurisdictions involved. Even within the US you can't relocate your business to another state in all cases. Most states allow you to basically pass a resolution with the shareholders and just move to another state. But sometimes you have to completely dissolve one corporation and sell its assets to another corporation. Many of the traditional tax havens have provisions to allow you to re-shore your business. This is the best option as usually the business assets have already been taxed and since the company is continuing you will only pay an exit tax if your jurisdiction has specifically written an exit tax. You will then have to pay an exit tax as a shareholder. But get the reshoring wrong and you can forfeit your IP since there will no longer be someone who can legally license the IP.

@JohnJames-mg6fc 11 ай бұрын

I really like this video format. Great video

@nomadcapitalist 11 ай бұрын

Awesome, thank you!

@richarddobson4marrickville 11 ай бұрын

Good info Andrew

@iriamrivera2018 6 ай бұрын

This channel has to be one of tbe top 10 channels on KZfaq. Awesome content.

@nomadcapitalist 6 ай бұрын

Thank you so much for your kind words!

@johnbatchler2833 Жыл бұрын

U haven't seen the change is coming and it applies yo entire world

@wagnermozart5075 10 ай бұрын

Thanx for your videos..can u take a video about how to open a company in isle of Man ? With detailed fee s of needs? Or another tax heavens?

@julzriosdirector Жыл бұрын

Thanks for all the great tips, I might need your services in the near future! 👍🏼

@nomadcapitalist Жыл бұрын

We’ll be happy to serve you!

@Ggdivhjkjl 11 ай бұрын

Were you suggesting Stripe or have you better alternative suggestions?

@LilTaRusmusic Жыл бұрын

Can you do a videos on the different income roadblocks and options Specifically Royalties like you mentioned. Music, book, video Royalties ect. Great video!!

@nomadcapitalist Жыл бұрын

Thank you. Probably a better question for personal assistance rather than a video for a broad audience. Feel free to email help@nomadcapitalist.com.

@reviewramble Жыл бұрын

Thanks for the explanation Andrew. i assume this setup would help against asset protection from a divorce

@jennarare 11 ай бұрын

Thankyou for all the info Andrew, thanks to you planning to leave Australia for a wider scope, a triumverate of great places, can I keep a property in the country for returning to visit family under a trust company and just ensure respected visa travel from my new countries? Thankyou 🙂

@tampapropertygirl3422 Жыл бұрын

REAL ESTATE - that's my main business. Buy-hold-rent or flip. I'm American but looking to purchase in Mexico, Cambodia, possibly other countries. What structure would you recommend? Thank you.

@mikevinitsky8506 Жыл бұрын

If you have trademarks and might possibly get sued for using your trademarks where you are not supposed to, which entity should own the trademark, the company that does business or the holding company?

@CJCIE Жыл бұрын

I already have multiple citizenships and do international trade, I’d love nomad capital advice on making things work better but I’m not a millionaire yet 😢 ( but I know people who know people if that helps ) For my multiple citizenships I want to know the combined value and where is the best place to base myself for international trade. So far I’m thinking UAE but consulting advice be nice

@griffindeluce 4 ай бұрын

Whiteboard shrinkflation is no joke

@dbongo1 Жыл бұрын

For individual consultant set up as a "C" corp, which countries offers the best combination of low corp & personal tax rates?

@coyoteattention Жыл бұрын

You have to think holistically. You must consider VAT, corporate income, personal income, and payroll taxes. What percent of the business income goes to salaries? Ideally you live a trifecta so you personally don't trigger income tax and get a work visa in Macau (any income earned is taxed so you only have to spend like one day a year to answer where you pay taxes.) Incorporate someplace like Ireland.

@jasonfraser1317 11 ай бұрын

What about Tbilisi Free Zone Georgia?

@alienkishorekumar Жыл бұрын

Patrick Bet David style 😂

@NewYorkPickers 6 ай бұрын

How do you move your company out?

@mbp5863 8 ай бұрын

This is really great. I read your book over a couple of days because it was (and is) so interesting, and really opened up my mind to the possibilities. I would like to work with you in the future, so I just want to know: do you also work with people in high tax countries within Europe, or just Americans?

@nomadcapitalist 8 ай бұрын

We're glad you liked the book! We work with high-net-worth individuals from all over the world, so you are more than welcome to contact us through this link: nomadcapitalist.com/apply/

@mbp5863 8 ай бұрын

@@nomadcapitalist Thanks!

@gsingh5617 Жыл бұрын

What if the country taxes the business because business is being conducted in that country itself, even though you have registered and the headquarters* are offshore

@nathanjenkins8731 Жыл бұрын

That is why you isolate and have a business rather than being a one man show. I'm a tutor so I can't just charge clients $100/hr and hire talent for $20/hr. Sure I can deduct some things like marketing, but the tax authorities will assume that most of the client rate is attributable to the staffing company with the tutors.

@MD-kt7sn 10 ай бұрын

I see all these setups and they would be very good if they were working in general, but how can a structure work if there are substance requirements? "effective management and control" will be somewhere else. could you make a video about this? the theory is nice but in practice, there are 1000 laws to implement, and be careful about all of these CFC rules.

@elsbells8545 Жыл бұрын

Transfer wise is now wise sir….

@redzberry2180 Жыл бұрын

Do I still pay an LLC pass through tax to the IRS if I’m incorporated in UAE free zone as a US citizen?

@nomadcapitalist Жыл бұрын

We'd be delighted to help you with this. Email help@nomadcapitalist.com and team will speak with you.

@SashaPogba 4 ай бұрын

What he’s missing is the new ATAD 3 Unshell regulation which will go after shell companies in EU

@masterneme Жыл бұрын

If I just want to grow my business and don't care about dividends, what do you think of Estonia?

@masterneme Жыл бұрын

Also, I live in Spain which is a tax hellhole, and I'd have to find a CEO living in Estonia so CFC rules don't affect me. Maybe you can make a video about this?

@coyoteattention Жыл бұрын

Woa! CFC is usually ownership and economic ties based. Hiring a paper CEO does not mean you have adequate ties to Estonia to avoid CFC. And Spain may tax you if the work is actually done there.

@masterneme Жыл бұрын

@@coyoteattention That's why I wouldn't have a paper CEO, I want a legitimate functioning business with real employees. And that's a problem, where do you find trustworthy people for that role, and wanting to live in Estonia, which AFAIK is very cold most of the year?

@LittleBigPoet 7 ай бұрын

I was wondering the same thing. In the end, did you open a company in the US or Estonia (I'm also in Spain)?

@zackbog Жыл бұрын

how do this apply to people who do business with physical products

@nomadcapitalist Жыл бұрын

There are many variables. We may cover this in the future, or you can email help@nomadcapitalist.com for a personalized approach.

@HowWeLife Жыл бұрын

Wish he would mention the personal & business Trust structure for US citizens. If set up properly, along with Real Estate, you pay almost nothing in taxes.

@pawlieblog7967 Жыл бұрын

What if you buy an e-commerce biz that is based in Mexico and Spain, but you live in the USA? Also have LLC in USA. Where to go live and how to do the taxes?

@nathanjenkins8731 Жыл бұрын

What's your status in the US? Citizens will need to renounce for the best options while permanent residents may need to give up permanent residency. If you want to stay in the US, you will need to move yourself to Puerto Rico.

@pawlieblog7967 Жыл бұрын

Absolutely don’t want to stay in USA.

@Useless_Knowledge07 Жыл бұрын

👍!!

@theaccountant666 Жыл бұрын

Andrew did a lot of batch recordings in one day. How do I know? His outfit! The funny collar/tie & jacket

@nomadcapitalist Жыл бұрын

We generally batch about 20 videos in one day per month. This shoot was smaller.

@tracyshannon1795 Жыл бұрын

Heyyyy, I thought his outfit was cool (:

@AcesizOfficial 11 ай бұрын

💎

@Glow0110 11 ай бұрын

How is moving your HQ overseas changing anything though? If you are still the owner of that company, the US still wants to steal your money via taxes...what am I missing here? I know that if you live outside of US for 300+ days a year then anything over $105,000 isn't taxed (roughly), but anything after that is still taxed no? How would you be taking out profits from this structure without the US taxing them? Thanks in advanced for any clarification you can offer here.

@gutsandgrittv5076 11 ай бұрын

Is an American business beneficial to Canadian Citizens or no?

@ashok3733 Жыл бұрын

I am considering moving my business from Berlin to Singapore? Share your thoughts nomad capitalists!

@DennisSmithGrandCayman Ай бұрын

It’s not complicated. I moved to the Cayman Islands from Canada 57 years ago. Just come down. You will figure it out. Say hi when you get here.

@HandsomeBoy99999 Жыл бұрын

How about Labuan? Any opinion on that?

@jajalshadow Жыл бұрын

my guy i like this video. but for gods sake get a better whiteboard. bigger whiteboard

@erniesulovic4734 Жыл бұрын

Isn't this covered in any Accounting degree at Uni? When I asked my Accountant about moving o'seas and minimising tax, he told me to do XYZ and said many companies are doing it the way he suggested. Mind you I need to go see him again as a reminder since I'm getting closer to moving. Company structure and o'seas taxation, from what I know, is covered in a Degree in Accounting.....not a degree in Finance or Commerce or Economics, yet definitely Accounting.

@elysiumboats Жыл бұрын

Lol most definitely not covered by ANY 4 year degree from any university on earth.

@erniesulovic4734 Жыл бұрын

@@elysiumboats Maybe you are right yet my Accountant knew about taxes in Oz and how to minimise them. Maybe he wouldn't know all the ins and out re other countries yet he knows about minimising taxes here, locally :-)

@erniesulovic4734 Жыл бұрын

@PatRisberg Definitely know about the school of hard knocks. 🙂

@jooctober9021 Жыл бұрын

It more covered in accounting but school gives you the base , later you can do some extra classes . You need to check conventions between countries as well . Yoy can look for tax advisers also .

@therealashleycrouch Жыл бұрын

If the company HQ is in UAE - as an American citizen, do you have to file a business tax return with the IRS?

@jeffrey4459 Жыл бұрын

Always. Anywhere in the world. Only way to get out of the US tax system is to renounce your citizenship. This is why Nomad Capitalist has so much on second (and third, and fourth …) citizenship paths. And the US FACTA law requires oversees banks to report banking details of US citizens to the IRS.

@nathanjenkins8731 Жыл бұрын

@@jeffrey4459 You are mistaken. If the business is incorporated overseas and you are careful not to actually manage the company from the US and you do not do business in the US then the business itself does not need to file US tax returns. However, if you are a US citizen or permanent resident you will have to file tax returns. If you own the business fully you will still have to comply with FATCA and FBAR since you will be the beneficial owner, but all of this will be personal tax forms not business tax forms.

@jeffrey4459 Жыл бұрын

@@nathanjenkins8731 As the original question is stated, he is an American citizen. So your saying that if he’s careful in how he manages it, then he doesn’t have to report it is entirely incorrect. If an American citizen owns an overseas business, that business and all banking activities must be reported to the IRS. Depending on whether it’s an Association Taxable As A Corporation, Partnership or Disregarded Entity will determine HOW it should be reported (via form 8832). If people could avoid the US tax system so easily, there would be no need to renounce citizenship. But the reality is, as an American citizen, if you do business anywhere in the world, you are required by law to report those activities to the IRS and UAE banks are FACTA-compliant. Ask a reputable accountant and the IRS directly.

@coyoteattention Жыл бұрын

I think we are not understanding each other. Your point seems to be that as a US citizen you always have complex reporting requirements. My point is that businesses are separate legal persons so they may have different reporting requirements than a natural person.

@jeffrey4459 Жыл бұрын

@@coyoteattention SOME businesses are separate entities for tax purposes, that is correct. Others, like LLC’s and their equivalent overseas, are pass-through entities. Regardless, to open an oversees business and bank account, you need to provide your passport. If you’re a US citizen, your details will automatically be provided to the IRS by the UAE and their banking institutions as they are FACTA-compliant. So whether Ashley has to file a separate business tax return is entirely dependent upon the type of entity created. If it’s a pass-through entity, like a US LLC, then a separate tax return isn’t required. But to my point, if an American citizen has a foreign company, that absolutely has to be reported to the IRS. There is no wiggle room to that.

@stephencirving Жыл бұрын

all big businesses do this. all

@pascalfo6014 Жыл бұрын

Thank you like at school lol very good

@richardcartier6193 3 ай бұрын

How can i have your details?

@nomadcapitalist 3 ай бұрын

You can contact us through this link: nomadcapitalist.com/apply/

@sue299 Жыл бұрын

How d9 you go about qualifying people and rheir businesses that have been running to assure they are not trying to escape pay money oweed to people? How do you stop scammers sucking money out if elderly, vulnerability, etc???

@nathanjenkins8731 Жыл бұрын

All professionals must abide by professional ethics and use their professional judgement. Even a thorough audit won't catch a contract that is kept off the books, so there is no way to guarantee someone isn't trying to dodge creditors. But most people don't start a 7 figure business overnight so there will either be tax returns showing salaries, inheritances, etc. You just search for public reviews of the company. As far as scammer, people have different ideas of what constitutes a scam. You can take 2% of someone's estate every year as a trustee, but this is perfectly legal business practice. Again a scammer likely won't have a long business history.

@ernestsmith3351 6 ай бұрын

Absolutely Do not put money in a Bahamas bank …specifically CIBC

@patrick1992 4 ай бұрын

Why

@mike6572693 Жыл бұрын

That suit jacket is not the most flattering.

@raymundogonzalez6450 Жыл бұрын

So minimum payment worldwide! To avoid tax evation ( people taalk a lot about inequiality) that put gasoline to Eniquiality

@runawaytechgal1467 Жыл бұрын

I wish you would work with the person building wealth vs only ones with it already.

@nathanjenkins8731 Жыл бұрын

Nomad Capitalist offers a TON of free advice. It is a business choice. If you can afford the $25k retainer you may be able to convince them to work with you. Either dig through your family tree or show $2k/mo income and get a residence permit in South America. You can hire accountants, immigration lawyers, and business lawyers in your chosen pair of countries but you will still be spending thousands of dollars to do so.

@elysiumboats Жыл бұрын

What’s the point? You’d spend a ton of money on setting everything up that wouldn’t be justified by your income.

@nomadcapitalist Жыл бұрын

We would love to have you at Nomad Capitalist Live, where everyone is welcome. www.nomadcapitalist.com/live/

@Edward-bn2vw 5 ай бұрын

Is it worth a life of barbecued cockroach, to save on tax?

@patrick1992 4 ай бұрын

Get a passport and travel a bit. In all mentioned countries it's better then all high tax countries

@jdkoz98 Ай бұрын

Where the fuck are they eating cockroaches that he mentioned

@raymundogonzalez6450 Жыл бұрын

So !! If everyone evade taxes ( pay $0 ) where services will come from? -

@saifnoorhassan94 Жыл бұрын

What services do you get that they don’t just print money for lol, taxes are just to enslave you

@AndroidTheLeader Жыл бұрын

From "concerned citizens" like you.

@nathanjenkins8731 Жыл бұрын

Nomad capitalist generally does not support zero tax. Taxes in the US can total over 60% without planning, yet something like 25% of GDP would cover the federal budget. And no country will allow you to escape all forms of tax. There will always be the barber shops that have to pay taxes.

@raymundogonzalez6450 Жыл бұрын

@@nathanjenkins8731 Ok ! But the main Idea o promoting idea is to avoid pay taxes! My point is that is the right way to go everywhere in the world how goberment or services gonna be pay. The utopian idea of the no pay taxes because " free market" work better is BS. Any or all Comercial activities even more in Big Corporations are Planning ( Even the institution created defend that sysmen/ Army is the most Socialist of all- Health care , dental, vision, Vacation pay etc for all it members/ That why poor people enroll or enlist and never rich of high middle class. ! They consider them looser or their Security Guards!

@haroldfletcher5493 Жыл бұрын

At 51 seconds into this video you say “Let’s say you live in the United States where I live…” and yet in countless other of your videos, you have made that statement that you gave up your US citizenship and that you live outside the United States. So which is it? If you truly gave up your US citizenship, you’re not “living in the United States,“ certainly not legally, unless you have a green card, which basically would vitiate the reason for giving up US citizenship in the first place. I suppose you could have entered the United States on a non-immigrant visa like an L1, but if after such entry, you remained in the United States to the point that you “lived in the United States“ that would almost certainly completely subject you to at least US federal income taxation (of course the standard that subjects you to US federal transfer taxation is completely different). I don’t care where you live, or of what state you are a national (in this context, the word state of course, means country), but you just need to be honest and not make a definitive statement on one show that is in complete contravention to many statements you have made in other shows.

@jeffrey4459 Жыл бұрын

Except he says “where I lived” … past tense.

@nomadcapitalist Жыл бұрын

That's very kind of you; thank you, Yennie.