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The Best Business to Start Overseas

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The Best Business to Start Overseas

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Find The Best Business Idea and Start a Business Overseas

One topic we discuss here frequently is how to start a business overseas. We talk about the best cities for young entrepreneurs to live on the cheap and other ways to benefit from emerging economies.

But how do you separate the wheat from the chaff and find the best business idea for you? In this video, Andrew shares some of the best businesses to start overseas.

00:00 Start
0:19 The Best Business to Start Overseas
3:46 Moving to Asia
4:32 Investing in Colombia
5:10 Real Estate in Serbia
5:49 Investing in Georgia
6:15 Investing in Cambodia
8:34 Starbucks Business
9:30 Overcome Challenges in Life
11:08 American Citizens Abroad

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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39 COMMENTS

  1. I have an educational writing, courseware, and app company; it does well. We have more than 200 writers, educators, and coders. It takes time to create contacts, but the costs are relatively low…I wish my clients did pay more regularly, though, but they do always pay, and I guess that's the most important thing.

  2. Subway here in Colombia doesn't do well because the ingredients for sandwiches are very expensive for the typical Colombian. Therefore, they don't have the deli/sandwich culture that we do in the US.

  3. If I was to start a franchise in the Philippines it would be Jolibee not Mcdonalds. You have to take into account what the people like and I'm sure local franchises will always do better.

  4. Expat Networking Event – just find a bar, reserve a private area , setup an EventBrite account and send out email invites for people from your home country, great way to meet people and firms who are naturaly aligned towards you

  5. Best ,,only ,, Busines in Australia is
    Go ugly early make lot's of welfare dependent baby's
    And kick back for the rest of your fat welfare payments life…
    It's only game in town ..I should know
    In my lucky family is 4 generation of welfare cheers . That the leftists feminist socalist government
    ,,Love,, to pay them with my money

  6. It's important to have patience in order to build
    wealth. In fact, patience might be one of the most
    important factors in investing. Sometimes we're the
    only ones stopping ourselves from moving forward
    b/c of our emotions. With a strong-willed mindset,
    anything is possible.

  7. What about “professional licensing” and “Practice Acts” oversees? Wouldn’t that severely limit an expat from doing “consulting” where they are not licensed nor a citizen?

  8. I definitely am in this boat. It would be really hard to be a psychologist outside the US, UNLESS, you are doing telehealth services (but then, I am still subject to US income tax and US laws regarding licensure). So there's really no savings there.

  9. Gotta know local culture. Americans starting business in Mexico report having to sell out due to organized crime extortion.

    I’m guessing “gotta stay busy” recovering Entrepreneurs struggle with boredom just checking their brokerage balances each morning.

    Some of us just like having a little empire. Having people interested in our opinions because we pay them to.

  10. Hey Andrew, what's the best tax free, best healthcare country to live in during WW3 breaks out? Please mention a country with greenery, so that, we could cultivate farm land.

  11. I've commented before that your videos have been a great starting point of information on living and banking overseas. Now, if you offered a book on "overpricing your service as a marketing tool while bragging about how wealthy you are getting" I would buy it and happily pay $25.

  12. Advanced entrepreneurial troubleshooting is a fascinating topic. Most people should be able to manage tax-deferred annuities. I call it fifty percent per decade in hard money (fixed USD) terms. Definitely boring but at least very financially secure. Yes, the evil clowns have just messed up future nominal value which used to be solid in USD terms. It's definitely a better time than ever for providing web services and online services because of mixed quality services, various overlooked opportunities, etc. The competition within ledger technology looks really weak if you ask me.

  13. Aside from businesses serving fellow expats, I would almost suggest businesses that fill in itch that maybe otherwise unfilled. Example while I'm building up my business projects here in the states I work for a lady that I'm friends with as a freelancer with her locally owned and operated restaurant delivery service. There are about a dozen of us on average between the busiest days of the week and usually about three or four of us most of the rest of the time that are on and we cover about 120 restaurants in a pretty restaurant-friendly Market

  14. In the Philippines, it's the Jollibee Food Group which I think would be interesting to export their brands to other countries with lots of overseas Filipino workers as a starting reference point.

  15. Such a good episode! This addresses exactly what I am working through. I do not yet have the fiscal ability to make the move yet, but it is being planned for. The mindset you describe is perfect.

  16. I think the best business for you is the one that engages your passions and the things you enjoy doing. Just about anything can be packaged somehow and sold on the internet if not offline. There is no need to postpone doing what you love for the sake of making money because you can find a way to make money from what you love. So why hustle now and wait for retirement to do the things you love when you can do them now. If money isnt that great you can supplement with other work, live frugally, save, and invest in income generating assets in different places around the world. Keep doing this and soon you'll have wealth from living a life you love. Start today!

  17. Here is one. Create affordable nursing or assisted living facility homes for retirees. This way boomers can move to the country you are in and pay rent to you. Also retiree living centers

  18. Hi there, could you make video about Paraguay, what you think about it ? Easy resident permit/citizenship, good weather, cheap energy, safe place in case of global war etc. Thank you

  19. I found it interesting when you were talking about the difference between an investor and an entrepreneur. I work a full-time job here in the US, but I have extensive real estate investments that cash flow and I would probably maintain those investments in the US if I was to move outside of the country. Keeping that in mind I would be operating my business/investments outside the US but they would be physically located inside the US so how do I go about getting tax benefits in that sort of scenario?

  20. There is no way the opportunity cost of making these types of videos are truly netting anything good. I mean this as a long time sub and entrepreneur. This feels like crazy town seeing so many repetitive videos out of so many tubers these days….

    You have a platform with the ability to connect tens of thousands of people together on an international scale. Wouldnt it be more advantageous to pursue those leads and make videos about forming better business relationships? Rather than continue solo op eds and book promos….

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