Offshore Method to Retire Early and Save an Extra $1,020,109?

Рет қаралды 4,714

7 ай бұрын

Are you looking to retire early? How about retiring with an extra million dollars? If you are a digital nomad or a location independent business person, you will be able to retire early with over a million USD if you do one simple thing correctly.
☎️ Book a call with Michael:
calendly.com/michael-rosmer?m...
One of the main things I would like to mention, that not many people think enough about is the compounding effect.
If my friend who lives in Canada, makes a million dollars, they pay about half in taxes they are left with half a million dollars. Meanwhile if I make a million dollars, I get to keep a million dollars due to living in a tax free country. Now imagine all of this extra money invested over the course of 20 or 30 years. The difference is much greater than you can even imagine! Erosion of your wealth due to tax is tremendous!
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Introducing Michael Rosmer, the true modern-day Renaissance man and international entrepreneur, who has been mentored under top international tax attorneys.
He is widely regarded as the foremost international tax expert for legal cross-border tax planning, with extensive experience in immigration, residency, and second citizenship for those seeking a plan B, asset protection, global offshore banking, and payment processing.
Michael leads a team of lawyers and accountants who are top experts in their respective fields. This multi-lingual, multi-national team has worked with digital nomads, entrepreneurs, and investors from 62 countries, providing practical real-world multi-dimensional solutions for their clients.
At Offshore Citizen we understand that each individual's situation is unique. Unlike most industry service providers, we do not push any particular country or solution. Instead, we analyze your individual situation and custom-tailor the best countries and strategies for you, drawing on every part of the globe.
With Offshore Citizen, you can rest assured that you are in the hands of professionals who have your best interests at heart. Let us guide you through the complex world of international tax planning, immigration, residency, and second citizenship.
Contact Michael today for a personalized consultation and take the first step towards securing your financial future.
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Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships.
☎️ Book a call with Michael:
calendly.com/michael-rosmer?m...
🌎 Visit our website:
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Пікірлер: 71

@Starknight00 7 ай бұрын

Michael . I support your channel and the effort you put out with your due diligence.. such a treasure trove of knowledge. I wish you all the best . And keep up the good work.bro.

@OffshoreCitizen 7 ай бұрын

Much appreciated

@AlpineDividends 7 ай бұрын

I never realized that before. Just had to double check the numbers in a spreadsheet cuz they're almost hard to believe.... but are bang on. Gonna have to ponder this for a few days 🤔🤔

@OffshoreCitizen 7 ай бұрын

Yeah it's insane. People don't realize the value of deferral

@mvp019 7 ай бұрын

This notion that retirement is a passive state is just wrong. I want to retire so I have time to do many things that working prevents me from doing. The last thing I will be doing is sitting on my butt watching TV.

@russells9590 7 ай бұрын

Exactly same thinking. "Retiring" early would provide an opp to discover what i love doing and hopefully, that will also bring in money.

@OffshoreCitizen 7 ай бұрын

Strongly agree with this notion This being said the older we get the more likely we're put into a situation where we're victims of our health and should be prepared for that

@TravelerJerryLee 7 ай бұрын

Lake Tahoe, Nevada, USA

@OffshoreCitizen 7 ай бұрын

Correct well done!

@peterchirico2153 7 ай бұрын

Good video Michael . One thing somewhat related to this subject that I don't see a lot of is anyone online talking about what a countries Capital Gains tax is on the sale of a house. One fellow who I respect and is pretty smart when it comes to making money in general spent a lot of time and energy rehabbing a home in Portugal only to find out after he sold it that the capital gains tax is 45%. Ouch !!

@JoshuaJackson84 7 ай бұрын

Unless you roll the investment into another property within 36 months.

@OffshoreCitizen 7 ай бұрын

Yeah that can hurt. Also depends how much of your wealth or income comes from that source

@WolfF2022 3 ай бұрын

In Germany you have no Capital Gains tax on selling real estate when you live in it, I think it was ten years.

@lolknight4364 7 ай бұрын

I'd be ok to pay 10-25% of taxes with proper state spending and if I felt the financial system was better gestionned and without so much inflation and printing. A bigger percentage means to me that something is wrong as work effort isn't enough encouraged. Thank you Michael for those great advices ! I believe you are at Skadarsko Jezero lake because you often go to Montenegro and it looks like a lake with mediterranean vegetation.

@OffshoreCitizen 7 ай бұрын

Good guess but no this is actually the US

@ciaransheil563 7 ай бұрын

Great video as always Michael, An interesting video would be on investing in US property, Can it be CGT tax-free for non US persons ?, Then how do you go about planning that for the US estate tax given the limit of $60,000 for non americans ?

@OffshoreCitizen 7 ай бұрын

Good suggestion will do

@janajoujan7658 7 ай бұрын

Somewhere near Canmore.

@OffshoreCitizen 7 ай бұрын

Good guess but no

@kimberlyg123 7 ай бұрын

Please do share where this is, it’s beautiful.

@OffshoreCitizen 7 ай бұрын

Mentioned it in the next video

@michieme2339 7 ай бұрын

So where was this lovely scenery, Michael? It looks like my town in Quebec but warmer, so I'll guess Colorado? lol

@JoshuaJackson84 7 ай бұрын

Where in QC?

@OffshoreCitizen 7 ай бұрын

I mentioned in the next video

@michieme2339 7 ай бұрын

@@JoshuaJackson84 eastern townships!

@__s_k__ 7 ай бұрын

Can you do a video on what a "dependent" is in the context of becoming a non-resident of Canada. The tax code doesn't seem to define it explicitly. If you have an 18 year old in university no longer living at home, that you no longer financially support, are they considered a primary tie?

@OffshoreCitizen 7 ай бұрын

If you aren't providing any financial support then no

@__s_k__ 7 ай бұрын

@@OffshoreCitizen So my daughter would no longer be a primary tie if I made a large 1 time transfer to her on her 18th birthday and thereafter no further financial support? Awesome channel. Love it.

@BlackLabelExpat 7 ай бұрын

I have an idea. What if you did a CBI evaluation of countries that don't have one. You could say if X country did offer one the value proposition would be $xyz

@OffshoreCitizen 7 ай бұрын

Hmm interesting idea, will consider it

@phillipalder9045 7 ай бұрын

Lake Tahoe, NV

@OffshoreCitizen 7 ай бұрын

Bravo! Correct

@Mancayy 7 ай бұрын

Hi Michael, I heard that Argentina is abolishing their income tax? Is it becoming a more business friendly location? Could be a good video!

@OffshoreCitizen 7 ай бұрын

Video upcoming about this

@stevemyers2092 7 ай бұрын

Okanogan Lake - BC

@OffshoreCitizen 7 ай бұрын

Good guess, not quite

@Gorilladome4664 5 ай бұрын

Hey Michael, quick question...is it relatively easy, straight forward, to transfer your equity portfolio, say from Canada to overseas? Much like an in kind transfer, from broker in Canada to broker in say, Caymen for example...as apposed to wiring funds etc...just a swap from broker to broker of your stock portfolio. thanx!

@WolfF2022 3 ай бұрын

I transfered a position from a german bank to an US bank and it was not easy, it seemed they had no idea how to do it but after several months I managed to transfer it. The good thing was that I had no costs, if I transfer the money to my US-account from Germany I have quite high fees but the shares were without fees transfered.

@geoff1971 7 ай бұрын

I'm curious about your thoughts on Bahrain, is it worth checking out as a possible alternative to Dubai? Bahrain is on my radar as a place to move my company to. If I don't move my company within the next 6 months the Australian Tax Office will wipe my company out of existence.

@RomilCPatel 7 ай бұрын

Tax wise Bahrain is slightly better than UAE. It’s also easy to get a residence permit by buying real estate. Lifestyle is still liberal like Dubai but a lot calmer and less 24 hour.

@OffshoreCitizen 7 ай бұрын

I'll be doing a video about this and a couple other alternatives soon

@geoff1971 7 ай бұрын

@@OffshoreCitizen thank you, I'm eagerly watching my notifications.

@VERTICALWisdom 7 ай бұрын

MONTENEGRO

@OffshoreCitizen 7 ай бұрын

Good guess but no

@stevemitchell7839 7 ай бұрын

Lake Okanagon

@OffshoreCitizen 7 ай бұрын

Good guess but no

@tinglestingles 7 ай бұрын

Lake Ontario, Canada. or Hyatt Regency Lake Tahoe Resort, Spa And Casino - suite 412 😀

@swoldier1016 7 ай бұрын

November beach weather in Canada?

@tinglestingles 7 ай бұрын

@@swoldier1016 videoed a month ago?

@RomilCPatel 7 ай бұрын

I don’t think lake Ontario has hills around it like the one Michael is in and Lake Ontario is of course a lot bigger.

@randyleebear 7 ай бұрын

Why in the world do you think retirement is doing nothing? Doing nothing is called death. I think you might want to study the robust lives that seniors live today.

@OffshoreCitizen 7 ай бұрын

Lake Tahoe correct, quite close to the Hyatt

@D00FY 7 ай бұрын

Please don't tell us where you are.

@doctorstrange69 7 ай бұрын

So what's a good annual return on your wealth? Currently I'm doubling every 4 years

@kyler565 7 ай бұрын

Double it and give it to the next person!

@OffshoreCitizen 7 ай бұрын

I'd say anyone who is averaging 20%/yr over a long period is probably doing quite well. My target is always 30%/yr over a long period though that tends to be pretty difficult