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If dark, dreary winter days aren’t your thing, and you’re toying with the idea of moving to warmer climes to wait out the storm, you may just be a “snowbird.” Whether it’s the Caribbean coast or a Southern Hemisphere city (where our winter is their summer)….a once-off escape or an annual migration…there are countless low-tax warm-weather options to choose from.
00:00 Start
00:22 Low-Tax Countries
00:38 Taxes in New York
1:35 Taxes in Florida
2:07 Taxes in Germany
02:23 How to Reduce Your Tax
5:46 Moving to Bali
6:19 Moving to Kuala Lumpur
6:33 Moving to Thailand
7:25 Living in Cyprus
7:37 Living in Malta
8:47 Taxes in Mauritius
9:38 Taxes in Mexico
11:05 The Best Places in Mexico
11:28 Moving to Argentina
12:10 Taxes in Panama
12:57 Moving to Costa Rica
13:16 Citizenship By Investment
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”.
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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.
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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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Not escaping taxes but I am a snowbird. Summers in New Zealand and Winters in the Northern Territories Australia.
When we say 'buy a property' are we talking about buying a property in cash outright, or are people taking out loans in other countries, and how do you do that without having a credit history there?
I'm all in on St Kitts.
Is there a word for the opposite of a snow bird? I want a place to go in the summer where its not so hot.
I clicked on this video thinking snow birds was the opposite of what it is ☹️
"Germany"… who the heck would wanna move there or to the EU? Certainly not snowbirds nor anyone seeking somewhere tax-friendly. In general, Europe is mostly suitable only for someone who hates indoor heating or AC, lives in an igloo, and loves high taxes and huge govt bureaucracy.
Love Malta! We used to go there often from Libya when I was an oil brat kid! Buenos Aires is a lovely city and attractive place to live too. Would like to check out Panama. And maybe Malaysia. But not so much to lower my taxes; is just for cultural interest.
hi andrew. can you make a video about the new malaysian premium visa. I always follow your advice and opinions.👍
Hey andrew can you do a vid on the best countries for surfers? That woild be awesome!
Thank you for what you are doing. Please talk about central bank digital currencies.
Always learning from your videos, Andrew. Thank you.
Friendly reminder that Cyprus is a 💉 hell
Could you do the same video for the opposite situation. There seem to be very few options for fleeing the heat
Ecuador. They use the USD $. If you want warm, go to the coast. If you like cold, go up to the hills.
Some really great ideas for spending the winters!
Canadian snowbirds live in Arizona, Florida and Texas. Not many stupid enough to live in California.
Thanks for the info.
What's your thoughts on the new Long Term Resident (LTR) Thailand visa?
Do you have a video on countries that have cooler summers that is safe, fun and tax Friendly?
What if you are the opposite of a snow bird?
I am channeling the snowbird now…Mexico, here I come!
Very interesting topic! It would be nice to give some examples, e.g. stay in your original "home" country for 5 months (e.g northern Europe) and stay for 5 months in South East Asia (e.g. Thailand) and for the other 2 months in Spain. In this case I assume I can choose Thailand to be my tax country. This will be very attractive from a tax point of view (specifically considering the wealth tax, which for a snowbird is most relevant)
Maybe you should do a video on advantages/disadvantages of US or European colonies: US Virgin Islands, British Virgin Islands, French Polynesia, Réunion Island, New Caledonia, American Samoa, etc.
With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits.
Morocco!!!
Regarding Mexico's taxes watch out. Do not get into that system. Have a local accountant council you before going ahead with a permanent residence or even a citizenship.
If you are a low income European(countries sanctioning Russia), Turkey is your best option this winter.
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I love freezing weather in the winter and hot weather in the summer. I simply can’t stay in a place that is hot all year round.
This is great video Andrew. More like this please.
That is a beautiful Sport Coat. Who are you wearing ?