Bravo Andrew for calling out the hypocrisy of the crooks who 'ask' for higher taxes in USA. We love your straight talk and great information you share to help people looking ways to keep their freedom. God bless you 🙏
@jakemg022 жыл бұрын
Respect the work behind this channel, good job guys
@nomadcapitalist2 жыл бұрын
Thank you. Glad to have you.
@himpoet2 жыл бұрын
I’ve been on the 1% tax tier in Georgia all year, just don’t expect that to be the tax rate to start with, you have to qualify and get the right status. It’s easy to do, though. There’s a video on this channel about it too, but it doesn’t explain the procedure, you have to get advice about it.
@himpoet Жыл бұрын
@-ollie4544 I'm a freelancer.
@jachmd2 жыл бұрын
Straightforward comment! Thanks. We are going where we'll be treated best.
@jeffcahill57222 жыл бұрын
Best user question ever. Also I've done well over 1000 nights in hotels but nowhere near getting tired of it (most were in China/Thailand/Vietnam... a completely different experience than the last month I just spent in Europe).
@jpthai30092 жыл бұрын
The art of saying (talking) a lot without revealing anything !! respect - Phatikos in greek
@benkim2016 Жыл бұрын
Andrew is so young for such a dream come true life style! I look forward to this nomadic culture soon!
@jolly77282 жыл бұрын
Really like Andrew’s idea of bouncing around from place to place to get a feel for different places around the world. So important to do this rather than just targeting one place because of the hype you may have heard or read about. If after studiously surveying a country you determine that it feels right then it's probably right. If it feels wrong it's probably wrong. Basically, do your homework online, but more important put your boots on the ground and visit countries, not so much as a tourist but as an a “business opportunity investigator.” That seems like the only way to sense the vibe of a new location.
@CaliWeHo2 жыл бұрын
👍
@kimpeater1 Жыл бұрын
He's bouncing around from place to place because he has to. If he doesn't leave and he stays longer than 183 days, he will be considered a permanent resident and liable for taxes. Sounds a bit tiring, having to pack everything up and relocate every month. Granted that's Andrew's preference and that's great for him, but most people will get exhausted moving every month. I also understand that most countries will allow up to 90 days and some even longer, but still.
@ashishIMpro Жыл бұрын
@@kimpeater1 you generally don't pack everything up. You have residence in multiple countries. you just take a suitcase and everything else is waiting for you in new places since you last left. And boarding a flight once or twice in 6 months is not that tiring to be honest.
@michael-masi-2021 Жыл бұрын
@@kimpeater1 you're making little to no sense. If it's 183 days to be a tax resident then he doesn't need to move every month ... There are roughly 6 months in 183 days if you use your brain 🧠 And who would "pack everything up"? That's absurd. This channel is for rich people. You just tell the maid you're gone for 6 months and walk out of the front door with a suitcase of your favourite things. When you arrive at your second home you have stuff there and you hand your bags to the maid at the second house to unpack. Now if packing a suitcase to travel seems "all too much" for you... Then you should for sure stay at home for the rest of your life.
@victorystatus Жыл бұрын
Wow! I remember you now! I’ve been following you unknowingly since about 2013-14 when you still had the mailing list.
@michael-masi-2021 Жыл бұрын
The fact that you pay any tax at all is a crime. You make all these videos about reducing taxes and then you go and pay actual taxes, WTF!?!!?! I havent paid a cent in income tax or corporate tax in 20 years and I'll tell you for free (unlike Andrew who wants $25,000 to answer any questions). 1) British Virgin Islands (BVI) IBC. No tax. No annual reports. Nothing. 2) corporate bank account anywhere other than BVI. 3) personal bank account in Singapore. 4) live in a country that doesnt tax your global income, there are literally dozens to choose from. I choose Thailand. End of story. Zero taxes. Anyone reading this owes me a beer.
@joeabascal23412 жыл бұрын
New camera? Videos looking good
@nomadcapitalist2 жыл бұрын
Yes, thank you, Joe.
@user-gs3lp9jv4w2 жыл бұрын
@@nomadcapitalist Which camera model do you use now?
@michael-masi-2021 Жыл бұрын
@@user-gs3lp9jv4w like everything else with Andrew, it'll be $25,000 to get an answer.
@paulisser80862 жыл бұрын
Brother you are amazing thank you very much for amazing information been following you for a long time. Moving to mauritius very soon. Any advice
@michael-masi-2021 Жыл бұрын
It's $25,000 to talk to them, and this video reveals he is not very good at tax structures. I've been running businesses for 23 years without paying a dime in taxes. I pay my remote workers by wire and let them deal with their own tax issues. The $500 profits from opening a BVI company isn't enough for Greedy Andrew. He will have you renounce your citizenship so he can bleed you for 10's of thousands.
@RC943322 жыл бұрын
So he basically said all that to say he bounces around and is well diversified 😂
@davidanalyst6712 жыл бұрын
yeah, I wish i saw this comment first
@jonathanbartsch29382 жыл бұрын
Andrew which country are you a tax resident, you never clarified? Please tell us, very curious? And do you enjoy your choice?
@rubensnogueira58382 жыл бұрын
Malaysia
@ianpk52342 жыл бұрын
@@rubensnogueira5838 I thought he said that he only spends 4 months in Malaysia and only pays sales tax there. I think the idea here is not to be a tax resident of anywhere.
@rubensnogueira58382 жыл бұрын
@@ianpk5234 he is no tax nomad and advocates against it. He is tax resident in Malaysia due to its territorial tax system and could spend his life there, but he decided to have multiple homes and keep travelling around the world every year.
@MrJeanja Жыл бұрын
I think it’s Colombia as he mentions that and gives a tour of the place he bought in other video. Ecuador doesn’t tax outside sources of income either which is where I live. Less then 1% tax on over 200k income thanks to feie for wife and I.
2 жыл бұрын
Thanks for sharing such details, very interesting ❤️
@FreedomPlaya Жыл бұрын
If you have a retirement account in the US, you can use the balance of your account (via a self-directed IRA) to buy investment property in Mexico :)
@nizar.mahran Жыл бұрын
Insightful video, thanks! Do you (or anyone else) has thoughts to share when there are kids in the picture ?
@michael-masi-2021 Жыл бұрын
Private International school in Thailand is $6,000 a year. Thailand doesn't tax your global income as an expat.
@TheRealTomRose Жыл бұрын
Based on the title of this video: “How I reduced my tax rate to 1%” I feel it’s fair to ask: where is Andrew’s country of tax residency? Especially based on the intro he says, no one will stand up and be transparent except for him. So where did he go? Is it a secret???
@michael-masi-2021 Жыл бұрын
It's all lies mate.
@sunmand6136 Жыл бұрын
I think he says it, I think he mentions Dubai. And do keep in mind that he gave up his citizenship to do this 1% deal. Most of us are not comfortable giving up our American citizenship. I certainly don;t want to. I mean if that is what it takes then is it really worth the trouble?.
@michael-masi-2021 Жыл бұрын
@@sunmand6136 you Americans are a funny bunch. You cling onto that American passport like it's some kind of benefit, and you all shake at the knees at the idea of changing citizenship. Enjoy your 35-50% taxes.
@adminteam63432 жыл бұрын
Hasnt the Malaysian foreign income tax exemption now been removed?
@shinsuketakasugi692 Жыл бұрын
No
@BattousaiZ2 жыл бұрын
If you think taxes are high in US, imagine your neighbours up north. It’s crazy how much Canadians pay in federal and provincial taxes. Canadians can literally go anywhere and pay less taxes…i wish i had the 7-8 figures in wealth :)
@manaflask88262 жыл бұрын
The big key point is that Canadians can literally go anywhere else and pay less taxes. Americans are stuck paying high taxes no matter where they go -- and doubly taxed if there's no tax treaty with the other country.
@stop_and_smell_the_roses2 жыл бұрын
Yes. I'm finally moving out. It's infuriating when the non-transparent Clinton Foundation charity gets over 20 million dollars while people here can't make a living wage. That's a quasi-socialist country for ya... soon-to-be-totalitarian.
@BattousaiZ2 жыл бұрын
@@manaflask8826 oh don’t worry, it’s not easy in Canada too. The government makes it difficult for Canadians to just leave and avoid paying taxes abroad. You literally need to cut all ties: close all bank accounts, sell your home and cancel your healthcare card…
@nathanhildebrandt2672 Жыл бұрын
@@BattousaiZ My household income is about 100k Canadian. Canada is barreling toward a fullout communist regime, and I'm looking for a plan B. However, according to wealth simple tax calculator, if my wife and I make 60k capital gains, and 60k in dividends (120K total). We end up paying under $900 in taxes... Nevermind child deductions and TFSA earnings! To me that still seems quite reasonable. Granted at this point i still have to earn my income through self-employment, so my tax burden is very high... if I lived abroad, it would be quite reasonable.
@BattousaiZ Жыл бұрын
@@nathanhildebrandt2672 impossible 900$.Just google tax calculator and for 120K cad, you will pay around 30% of it in federal and provincial taxes.
@BlazeGuitarLessons2 жыл бұрын
Do you have to renounce US citizenship in order to get out of paying US taxes? I read that if you spend at least 330 days outside the US that you don't pay taxes on the first $112k you earn. Is that true? It wouldn't help 7 figure entrepreneurs but it would help 6 figure ones!
@ianpk52342 жыл бұрын
Yes but that $112k you earn must come from a foreign source. It can't be from a US corporation or from dividends you hold in an account in the US.
@michael-masi-2021 Жыл бұрын
Yes it's true. And if you have a wife that's another $112k. Got kids? $112k each.
@non_existant0012 ай бұрын
Can you make a video for young/new entrepreneurs with weaker passport who want to start business and get a powerful passport
@going2sleep2 жыл бұрын
QUESTION: As a digital marketing agency owner which country should I consider to decrease my taxes. I have a plan to come back to U.S. because my extended family is here. I think this is the land of opportunity for my children.
@BogdanGraurNetwork Жыл бұрын
Why not look into starting a Delaware business, and run everything through it, just make sure you don't have clients or do business in Delaware. This way you could live in the States, and pay ZERO taxes .🤔
@gbessone2 жыл бұрын
I didn't understand the part about Serbia. How do you pay 1% in Serbia?
@Anthony-ku2bb Жыл бұрын
Does Nomad Capitalist offer help of services on what paperwork to fill out for duel citizenship and income tax laws too follow for regular remote salary workers that want to relocate outside of the United States while still working remotely in the United States? Because I want to live outside of the United States, but I still want to work remotely in the United States.
@michael-masi-2021 Жыл бұрын
$25,000 to talk to them. Worth it? Nope. The fact he pays any tax is proof he is just a shill for St Kitts passports or Malta passports. I'm starting to doubt that he even left the US.
@prepperjonpnw64822 жыл бұрын
What about someone who has been in the USA since 1969 but never became a citizen because her husband was born here lol. He’s now
@larrythrash2 жыл бұрын
Most of your videos address those with businesses. I am a retiree with passive income, what are the best countries for a person like myself tax wise.
@garrettmgunderson2 жыл бұрын
You’ll have to search his past videos, he has a handful explaining options for people just like you.
@kling8460 Жыл бұрын
Lots of retirees like Portugal.
@benkim2016 Жыл бұрын
Buy his book that has so many options!
@karlweiss7560 Жыл бұрын
Hey, he is very much like me a PT = perpetual traveler, the best thing in the world
@marilynpeoples50992 жыл бұрын
My US income is “earned” as pension and social security . Am I doomed?
@michael-masi-2021 Жыл бұрын
Yes
@Al-yu6bq2 жыл бұрын
Taxes must be voluntary and not compulsory
@chrishenry33942 жыл бұрын
Do you own any properties in Panama? Would love to see a video about a path to citizenship there and what it’s like to own property there. Thanks!
@kennethroth67572 жыл бұрын
They had a friendly nation's visa and they have retirement visas
@nomadcapitalist2 жыл бұрын
Hello Chris, we made a Short for you kzfaq.infoGOeUqkftRJU
@FreedomPlaya Жыл бұрын
You need to invest 300K in property there to get Panamanian residency.
@vappole2 жыл бұрын
Great job!
@craigwoodman4228 Жыл бұрын
I was tax exempt, working overseas. Then decided to change my address. I vacationed in Filipines, and wanted, to retire there.
@coopsnz12 жыл бұрын
I doubt it when you spend you cant avoid sales tax & excise taxes . There no way you only pay 1% tax
@michael-masi-2021 Жыл бұрын
Nobody counts sales tax and GST/VAT as part of their personal tax rate. Fuck me, if they did, people in UK would be saying they pay 70%
@coopsnz1 Жыл бұрын
@@michael-masi-2021 in reality in uk you pay 50% taxes, in Australia can be up to 80% buying a luxury car
@michael-masi-2021 Жыл бұрын
@@coopsnz1 wrong. Luxury imported cars carry a 200% tax in Australia. 300% on imported cars of any value in Thailand.
@JohnDoe-xr5is2 жыл бұрын
Summary: Travel around enough to not be a citizen. Sounds good, but not if you want to raise kids.
@michael-masi-2021 Жыл бұрын
Private International school in Thailand is $6,000 a year and Thailand does not tax your global income.
@demondmorris73082 жыл бұрын
Sounds like alot of work to not pay taxes, money comes and goes. You cant take it with you when you die.
@casper862 Жыл бұрын
Most rich people just take out loans against their assests and avoid taxes that way.
@michael-masi-2021 Жыл бұрын
Pay those taxes then. You're living half your life working for the government. Enjoy your 1/2 life.
@margaretstribling4306 Жыл бұрын
P.s. please note: the IRS and the Internal Revenue Service are two separate corporations( franchises of much larger ones), dba 's governmental service agency's. Lol
@mrmped12 жыл бұрын
Read the most dangerous superstition What facts do you have that any laws or taxes apply to you?
@stop_and_smell_the_roses2 жыл бұрын
I'm moving out of Canada tgis year, 2022, and am looking into a good off shore bank. I saw a random online article says Belize is a top contender. Swiss not so much, as they have a law allowing banks to interfere with off shore accounts. Any ideas?
@asparrow98762 жыл бұрын
Same. Im moving back to France :) North America is a failed continent.
@Xxxbadassxxx2 жыл бұрын
Singapore is the best overall
@michael-masi-2021 Жыл бұрын
DBS Treasures at DBS Bank in Singapore. You owe me a beer.
@MrJeanja Жыл бұрын
Anyone know what countries don’t tax expats with income solely from other countries? Is this in his book? 9:48
@nathanhildebrandt2672 Жыл бұрын
I think Ecuador is like that, and the threshold for gaining residency is quite low.
@michael-masi-2021 Жыл бұрын
Thailand is another. There are dozens. Google it.
@coopsnz1 Жыл бұрын
Mexico
@michael-masi-2021 Жыл бұрын
UK also.
@medgolly7342 Жыл бұрын
I’m a Canadian hoping to find a strategy to reduce my tax payable when I retire but can’t afford to retire because of the high taxation in Canada !
@FreedomPlaya Жыл бұрын
Reducing your cost of living would be a good start. Come to Mexico :)
@muffemod Жыл бұрын
@@FreedomPlaya Move to a developing country for lower cost of living. Geo-arbitrage!
@frankwhipple48132 жыл бұрын
Taxes,Just passed a bill to hire 87,000 more IRS Agents to dig more $$$ from you!🇺🇸
@nothingness14252 жыл бұрын
"I'm a tax resident of that country. I've invested in that country" -- Andrew, you haven't revealed WHAT country that is.
@kevinw99642 жыл бұрын
He did, subtly though :) May or may not be a video of said country in this.
@michaelarnold4172 жыл бұрын
@@kevinw9964Please say. I can't figure it out. Or add a hint! Thanks
@amithattimare8342 жыл бұрын
Andrew is a citizen of St Kitts and Nevis and he has renounced his US citizenship.
@shinsuketakasugi692 Жыл бұрын
Malaysia
@marktevault572 жыл бұрын
I'm retired. Please give me your top ten nations to move to. Please.
@kennethroth67572 жыл бұрын
Mexico
@michael-masi-2021 Жыл бұрын
Thailand
@richardhaughton43032 жыл бұрын
Very interesting, those countries who have tax incentives are now under the spotlight of heavily tax ones and I wonder how long it will be before pressure is place on them, or even worse incentives are given to the political leaders to increase taxation to limit choices?
@nathanhildebrandt2672 Жыл бұрын
That's what Biden was pushing for with the minimum 15% tax. Authoritarians would rather try to destroy other places to compete, rather than make their own country better.
@luisfilipe534 Жыл бұрын
Excelente strategy Mr. Nomad. So the others pay for the public services you use and you dont want to pay.. A genius...
@silverlining6259 Жыл бұрын
We pay for the killings of millions in the USA I don’t blame him
@nathanhildebrandt2672 Жыл бұрын
Pretty sure you got it exactly backwards.
@luisfilipe534 Жыл бұрын
@@nathanhildebrandt2672 dont think so... If you move to a country why you should pay less taxes then the locals if you use the same services the country provide?
@nathanhildebrandt2672 Жыл бұрын
If I wanted you to pay me money, there are two ways of going about it. 1: I can wave a gun in your face and threaten to kidnap if you don't pay (Coercion). Or 2: I can provide a product that you willingly pay for, and we both are better off for the value exchange (Capitalism). Take that principle to a global scale when shopping countries. Countries are incentivized to provide the best value for the wealthy nomad, because they can't get his money by force. Every country should do their best to entice people to come live there. Communist countries suck so bad, they have to force people to live there by not allowing them to leave. When the wealthy move somewhere, they create jobs. Poor people don't create jobs. He infuses capital into the economy, and benefits the locals very much. So he benefits, and the country benefits- It's a win- win! Almost like capitalism.
@luisfilipe534 Жыл бұрын
You just bring real estate speculation that make life Impossible for the locals that need a house to buy or rent.. the same locals that pay for the comunal services you use here trought taxes you dont pay.. regarding the incentives from the some governments.. usually weak governments that are permissive to the lobby of construction...
@knowledgelover2736 Жыл бұрын
Do you advise people that have children to educate? It isn’t easy to move around when you are trying to provide stable schooling.
@kling8460 Жыл бұрын
He has done a video on it and a video with a guest speaker with a family also. But the idea is the same... the family would ideally be moving around.... doesn’t suit all families..
@michael-masi-2021 Жыл бұрын
Private International school in Thailand is only $6,000 a year and Thailand won't tax your global income.
@ZaneConnor10 ай бұрын
You can hire a full time teacher for your children in about 12 low cost countries for $60 per week and homeschool. Guaranteed way to ensure your children are educated how you wish
@prepperjonpnw64822 жыл бұрын
Andrew, I don’t know if you are aware of being able to watch and listen to an entire KZfaq video without clicking on it. Which also means you can’t comment on that video. You also can’t click on anything so it kills the
@immers2410 Жыл бұрын
By all means reduce your taxes, but this is taking it to extremes. If everyone did this, the entire world would look like India or Mozambique. He gets to enjoy the civilised world and its infrastructure only because of the taxes paid by citizens of those countries. The word for people like him is freeloader.
@michael-masi-2021 Жыл бұрын
Jealous much?
@coopsnz1 Жыл бұрын
Union leaders & government poltican free loaders
@andreas_tech Жыл бұрын
Future is in east Europe
@burbon6373 Жыл бұрын
Sound like a sheep listening to Andrew tate all the time plus Eastern European countries are strengthening regulations for naturalisation so will a lot of other EU because the countries are small. Americans stay in American u guys already ruined enough and we don’t want your mindsets here
@jdp0359 Жыл бұрын
More click bait. Not at any point did he talk about reducing his taxes. Don't waste your time on this jackwaggon
@londonwerewolves2 жыл бұрын
With all that money... Hire. A. Scriptwriter.
@kwajrod2 жыл бұрын
Andrew does have kind of a meandering speech pattern.
@cindycindy79782 жыл бұрын
Makes him a lot more believable to not be scripted in my opinion.