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As we all know, Asia is known for having a great financial business, so moving there could be a great business move. But to do that, you’re going to need an Asian second residency.
From offshore banking to real estate investment to economic prosperity, the power has shifted to Asia. It’s simply undeniable.
Western countries struggle to compete in these areas. . Sure, we have a stable society, we have relatively good governments and safe life. But where are the opportunities to grow?
In most western countries, it seems as though things have become stagnant. If your dad was a millionaire, you’ll be a millionaire (or not, depending on how much you pay in taxes). But will you become a billionaire?
That’s probably not going to happen. It could, but it probably won’t. So, if you want to grow your wealth, and expand your business, you’re going to inevitably move eastwards. But as you know, the world of business has gotten quite complicated.
In this video, Andrew shares some opportunities to live in Asia.
00:00 Start
0:17 Living in Asia
1:27 Moving to South Korea
2:36 Moving to Japan
3:42 How to Move to Taiwan
4:00 New Digital Nomad Visa
4:47 Living in Vietnam
5:32 Investing in Cambodia
6:28 Relocate To Thailand
8:06 Living in Malaysia
9:42 Moving to Singapore
11:39 Moving To the Philippines
12:45 Moving to Bali
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.
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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.
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I love Philippines ❤️🇵🇭🇮🇳
Actually not alot of options
Love this channel
One day I'll have the wealth to need this advice!
Cambodia, The Philippines and Thailand
Ill stay in Canada thnx L
As the worlds economy keeps crashing everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.
Foreigners can purchase property here value at 1m ringgit. No problem.
Paraguay….. hidden gem. I bought a 4.4 hectare property that's 10 acres us immediately across from me is a German couple next to them is a French the next Russian next Austrian cross the way is a gentleman from Switzerland another American and a couple more Germans. One American dollar equals $7, 010.10 as of today 9:26/2022 that is the highest it's been and higher than the euro right now. The cost to build a house is about $68 per square foot for the house and 48 per square foot for the pool the gates the roads leading up to the property the cost of living here is extremely low the labor is about 10 to $12 per day per person and the international grocery store is 7 to 8 Miles away from our property out in the country in a neighboring town called emboscada which is 40 minutes from Asuncionn
the capital. The people are friendly, beautiful and happy yet most are poor.
Lots of people asking about the Philippines. You cant buy a house or land in the Philippines. You can only do so if you put it under your Filipina wife or gf's name. But as we all know, she will surely dump you after you put it under your name 😂
You brushed over the only English speaking country Philippine. A number of us are interested in what they have to offer business, investment, retirement.
Good video!
Another great video 👍
However, you didn’t mention anything about beautiful, strange, wonderful Laos!
I hope you will remedy this oversight soon…
Many thanks to mention Sarawak Borneo Msia was one of great place to b🍷Cheers Andrew 🍷
Great video and great info! My wife and I are currently in Bali doing a test run on what it's like to live in Canggu and at the current co-working cafe we are at, they have someone speaking about tax law today! Seems to be a hot topic for everyone here that works remote.
hello, can your youtube channel run ads? Looking forward to your reply!
I’d there a site that clearly shows all Asian countries ages of consent. Asking for a friend. He also wants to know prostitution laws for each. Thanks in advance.
Of course, Thailand
In my case, I'm either going to Japan or Singapore. In many countries around the world including Japan and Singapore, you can actually get citizenship through marrying a resident. In Singapore's case, you can even get citizenship by marrying another immigrant who has residency in that country. That's personally the best option for me. Of course, I'm gonna do my part and save up as much money as I can by the work I do online. From there, I'll renounce my citizenship after a number of years. I also plan on getting my passport before the end of 2022. At this rate, I'll probably get it about a couple weeks before Thanksgiving.
Thailand and the Philippines please.
I would like to hear more about Sri Lanka. Apparently they have a residence by investment program and even though it has residence-based taxation it seems u can get some sort of tax credit on foreign-sourced income. The information doesn't seem to be clear and I'd like your usual straight forward approach on the matter. It also seems to be the kind of place one can watch rising from the ground with their ongoing construction project, not to mention proximity to big emerging markets
I wouldn't gloss over Philippines too much. As a tourist on visa on arrival at least for americans you can stay 3 YEARS at a time. Virtually free compared to big investments. Then leave for a day and come back for another 3 years. Over and over and over
Id like to hear more on Oman
Phillipines girls talk English. Treat men like Kings.
What are the minimum paid in capital requirements and pairing in timeframes to open a PT PMA in Indonesia? and a company, as a foreigner, in Malaysia?
If you are over 50, you can get Thailand 'Retirement' (non-immigrant O) visa by leasing a condo for 6 months or more, and putting 800k THB (21.3k USD) in a Thai bank. It's not a fee, you keep the money, and can take it if you decide to leave. No need to invest or buy property, just put cash in the bank. You get a rolling 1-year renewable visa, with certain obligations to get exit visa for travel (get it at the airport on the way out), or 90-day reporting at your local immi office if you don't travel (talk of abolishing this requirement).
Malaysian section misses the new DE Rantau visa for DNs.
S. Korea and Japan are both very strict and in the case of korea, requires language fluency and army service for citizenship (for men). The birthrates are so low, though, that i think it'll get easier to immigrate
🇵🇭 pros and cons please
India??
Any advice on Singapore for retirement, seeing conflicting info
It seems like "a group of people" came on the comments trying to sell philippines destination interest. I hope they aren't trying to covert advertise here. Usually you need to pay for the ads to do this. Philippines govt has been super aggressive in social media infultration lately. Much too agressive and its obvious.
As an Australian married to a Filipino we have looked at residency long term. You find amongst friends that they have built houses in the Philippines but always have a Plan B by retaining a property in Australia should the situation turn pear shaped in the Philippines. Medical issues are the bottom line with most expats returning to Australia where the medical system looks after them. In the Philippines, the hospitals have two doors, one for people with money and the other which leads outside. Not as rosy as one would hope. I find the Philippines a reality check every time I go, happy to kiss the ground when I get back home to the land of milk and honey.
Someone who live in portugal i have some questions ????
What is the tax rate for the new Malaysian digital nomad visa? I cannot find any information anywhere. Indonesia's new DN visa is zero tax if income sourced from outside the country
Stay away from Vietnam. Their visa system is in total disarray now; it changes more than I change underwear. Even those with TRCs etc are finding them cancelled, rules changed, etc on the cuff. It ain't gonna happen anytime soon 🙁
Out of topic but you really look like "Maurizio Gucci" after googling him after I watched the house of Gucci! 😆
Turkey use to have visa entry to Japan but now it shows visa required. Why?
Anywhere less woke has my full attention. Was loading 2x4s at Home Depot tonight in the dark while the car next to me was thumping rap music as the male and female occupants were off around the parking lot adhering Black Lives Matters stickers to the carts, light posts and even the metal cart corral. I want out of here – somewhere normal.
Reading the comments. Philippines has high interest in the viewers watching. I've watched a lot of your videos and I'm also wanting to hear more about the Philippines. Pros and Cons.
Philippines and Hong Kong
I want to leave the US and never come back. I want to raise my child in a safer more peaceful environment. Which service of yours should I use? I am not able to invest yet. We will have $10,000+ usd initially. Income range is $200-$700 per week.
Need to hear more about the Philippines. Was glossed over super quick in this video
Obtaining citizenship in Japan is quicker than PR – five as opposed to ten generally, from my understanding (no dual citizenship there after 20 y/o – if you're committed you'll scrap your other passport to get the Japanese one, which is the thinking, I believe). Also, city taxes there can be quite complicated.
You can invest $2000,000 in China and get an honorary green card if you want to live in China without visas I believe
Don't get why Philippines not at top of your list. I live there. Pay ZERO tax on overseas earnings. Bought a seafront apartment in a top provincial city for less than $100,000 a few years ago. Underground parking, 24/7 security, huge pool, gym etc. The economy here is booming in my city with new shopping centers, restaurants popping up everywhere. Permanent residency through the SSRV retirement scheme a doddle. Its a fraction of the other countries you mention — if you in retirement age you can put down $10k and get it back when you buy your condo. If you get the military one is like $3,000 down and you pay a $100 or so a year. English is universal, people friendly. Cost of living is about 10% of Australia, US, UK etc. You can't officially own land, but who cares? And DONT invest in the country beyond that. (Lot of folks do, buying land through back doors). You can use it as a hub — if you really want to — to invest anywhere else in the world and to travel cheaply. Well, i do get why it's not at the top of YOUR list and why you dont mention the country often at all in your vlogs. Your entire business model is a consultancy that navigates all the complexities for high networth individuals who are relocating to low cost countries. And with the Philippines you dont need that. (Well it's nice to have ancillary advice. And it would be useful if you are diversifying your investment elsewhere in Asia).
One thing holding me back is my 2 year old daughter. What is the best way for her to start education in these countries? If we don’t move, most likely we are going to enroll her in private school here in canada which cost around 35k.
andrew in saudi arabia their premium golden visa is a good idea, but the downside is you have to pay an annual renewal of $100,000.
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