Join Our Email List and be the First to Hear about Breaking News and Exciting Offers
Secure Your Spot at the Best Offshore Conference – Nomad Capitalist Live 2022 – September 21-24 in the most vibrant city in the world, Mexico City:
Wondering how you can pay 1% taxes?
Imagine for a minute that you’re looking to buy a car for $28,000.
You’re most likely going to read dozens of online reviews, compare prices at various dealerships nearby, and possibly time your purchase just right so you can get the biggest discount.
All that trouble for a savings of maybe $4,000, if you’re lucky.
Now, think about your tax bill. If your annual income is $500,000 and you live in a western country, you’re easily paying $200,000 a year in taxes.
Why not look into lowering that expense?
Let us put that into perspective. In 20 years, you will shell out $4 million in tax.
Now imagine to pay 1% taxes sounds great, right?
In this video, Andrew will share his secrets about how he paid 1% taxes.
00:00 Start
0:18 Answer on Comment
2:00 Pay 1% Tax
4:58 Low Tax Countries
6:00 Investing in Belgrade
7:31 Investing in Malaysia
7:48 Living in Mexico
8:38 Taxes in the USA
9:38 Tax Residency
11:39 Renunciation of U.S. Nationality
12:30 Things to Consider When Choosing a Place to Live
Andrew Henderson and the Nomad Capitalist team are the world’s most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.
Work with Andrew:
Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we’ve spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
About Andrew:
Our Website:
Subscribe:
Buy Andrew’s Book:
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.
source
My US income is “earned” as pension and social security . Am I doomed?
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!
The art of saying (talking) a lot without revealing anything !!
respect –
Phatikos in greek
I didn't understand the part about Serbia. How do you pay 1% in Serbia?
Andrew you dont seem to talk about the philippines
"I'm a tax resident of that country. I've invested in that country" — Andrew, you haven't revealed WHAT country that is.
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?
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
Even if you pay taxes the whole point is to see your money’s worth but, in the US… just look around…. All in the pockets of lobbyists and politicians.
Andrew, I don’t know if you are aware of being able to watch and listen to an entire YouTube 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
Astrofx is the best please 🙏 I will advice every one who is looking forward to investing to invest with this company they are registered and regulated , I'm so happy.I have been earning $ 46,000 returns from my $ 9,000 investment every 13days .
I've been watching many of your videos but I find there is a crucial thing missing in all that you say, which is how much "covid" has changed the game. Regulations in countries seem to change rapidly. Also the way inflation is affecting the world, and energy.
I think it would be more relevant to narrow it down to which countries are self sufficient in energy, which countries obey to the overlords of the WEF and UN, which countries have vaxx and mask mandates (ie directly attack people's freedoms) etc.
"Tax" has become a lot less relevant if for instance a low tax country is facing power cuts or food rationing.
Thanks for your work Andrew.
I've been watching many of your videos but I find there is a crucial thing missing in all that you say, which is how much "covid" has changed the game. Regulations in countries seem to change rapidly. Also the way inflation is affecting the world, and energy.
I think it would be more relevant to narrow it down to which countries are self sufficient in energy, which countries obey to the overlords of the WEF and UN, which countries have vaxx and mask mandates (ie directly attack people's freedoms) etc.
"Tax" has become a lot less relevant if for instance a low tax country is facing power cuts or food rationing.
Thanks for your work Andrew.
Joe Biden Brian cells are at 1%
I'm retired. Please give me your top ten nations to move to. Please.
So he basically said all that to say he bounces around and is well diversified 😂
The problem with leaving the US system seems to be that other countries don't have great healthcare. Yes I know much of the US lacks great healthcare as well, however, cities and certain medical centers in the US are the best in the world.
In the US your health insurance will cover you to an unlimited amount of payments. In Europe, private healthcare seems to have maximum coverage limits…. up to 500,000 for example.
So cutting the cord to the US could be scary given that you could not quickly come back and would not be able to get treatment from a top tier US cancer center.
However, I don't know if this limit maximum on health insurance exists in all private plans in all countries.
Andrew which country are you a tax resident, you never clarified? Please tell us, very curious? And do you enjoy your choice?
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?
Straightforward comment! Thanks.
We are going where we'll be treated best.
My thing is that the company I want to start is physical products for an American market. So shipping makes it make sense to have a US office.
Andrew’s company has a high quantity of attractive women.
Thanks for sharing such details, very interesting ❤️
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!
What are your thoughts on Peter Schiff having his bank closed in Puerto Rico.
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.