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The Hidden Gems of High-Class, Low-Tax Living

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The Hidden Gems of High-Class, Low-Tax Living

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Here at Nomad Capitalist, we often talk about my five magic words: “go where you’re treated best.” You can take your life, your money, your investments, your business, and even your citizenship to the places where they will receive the best treatment.
Everyone can go where they’re treated best, but the application of this creed changes from person to person.

If you are a high-net-worth individual or even an ultra-high-net-worth individual, your needs are likely very different from those of an entrepreneur who is making an income but doesn’t have as much capital to invest.

When it comes to finding a place to settle down or set up a base, going where you’re treated best certainly involves varying personal preferences, but one preference we should all have in common is finding a tax-friendly or even tax-free place that we can call home.

In this video, Andrew shares the hidden gems of high-class and low-tax living.

00:00 Start
0:20 Comment from Viewer
1:57 The Best Places to Live in
2:56 Living in Switzerland
5:14 Moving to New Zealand
7:51 How Foreign Income Tax Works
11:15 Investing in Europe

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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41 COMMENTS

  1. Finally! You are the first person i heard who is talking about enjoying living a few months in several different countries throughout the year. I've been triangulating between 3 countries for a long time enjoying friends and home life. I love it.

  2. Hey Andrew and the Nomad Capitalist team, I have a question:

    I’ve recently heard that a US citizen can go back and forth to become a US national at any time. Apparently they are no longer obligated to pay taxes if they live outside the US, foreign banks don’t have to report them, and all they give up is voting rights (whoop-de-doo). Is this true? This seems better than just renouncing citizenship, or at least it’s a stepping stone before you do. Could you make a video on this topic? The risk/rewards and what you see for this in the future? Thanks!

  12. Tomorrow I will walk to my local pharmacy in shorts and flip flops and get an injection…The cost, peanuts…The neighborhood is Swanky…Yet nobody cares what you are wearing and driving…Isn't that nice…😉🇵🇹🩴🤟✌🤙🤘

  13. A question that seems to come up often in these comments is where can I move where I will be treated well? Perhaps the questions should be where can I move and fit in with the culture? It's in the news this week that American expats, and particularly Californians, have caused such a problem in the major cities in Portugal (housing costs have quadrupled) that the Portuguese have been rioting. Wealthy Russian expats moving (and trying to move their bank accounts) into (former Soviet) Georgia are raising tensions there. Refugees moving into Sweden have caused so many problems and public unrest that the Swedish government has declared integration a "failure." I moved from Washington, DC, two years ago and bought property in a small town in Wyoming, in part because of the low taxes in this state. But the main reason I settled here was because I fell in love with the people in my little town. As such, I've made it a point to (1) fit in with the politics and culture that was here (2) NOT socialize only with other recent arrivals like myself, and (3) understand that my presence can impact the economy of this place in both positive and negative ways. For those preparing to move into a foreign culture I would think those considerations would be even more important, especially if their language is not yours. Stop looking solely at what's in it for you and you'll make a better adjustment.

  16. This is, IMHO, the most solid argument and pitch for the nomad capitalist lifestyle in any of Andrew Henderson’s videos. I really regret not applying for a position at nomad capitalist in the early days.

  18. Funny, talking about the medical systems around the world, Canada is always touted as having such amazing, "free" healthcare. My mom just got a letter today, regarding her scheduled CT brain scan and it is scheduled for, wait for it, seriously, wait for it, March 16, 2023! You get what you pay for!

  19. Most top and talented kiwis are actually not live in NZ, they live overseas in AU, UK and US and CA. That’s the reality. The leftover quite envy overseas kiwi. Also, the financial channels and system are too closed and too conservative in NZ. There’s need a big change management in financial system in NZ. AU has done a very good approach in financial systems updates and professional people support. So sydney is a much overall nicer place to live

  24. Kill the Small Hat Tribe or the Small Hat Tribe will Kill You…it is that simple…you know who I am talking about…Newscum, Yellen, Dimon, Gates, Soros, Trump, Musk, Zuckerberg Rockefeller, Schwabel, Kissinger, just to name a few…in addition to all their Minions, Loyalists, and Slaves…they are not taking any prisoners, why should you? We outnumber them ten thousand to one…The choice is yours..

  25. @0:30

    S Walker doesn't know anyone that has paid a 50% tax bill in the US outside of New York and California.

    Ok, S. Walker, so you don't know anyone that pays it so it must not exist, right?

    If you are self=employed, S Walker, you pay both sides of SS and Medicare, so 15.3% right there. Maybe you are in Oregon but even in that lower tax state you hit the highest tax bracket with a pretty low income for each. If you are a high earner you pretty much are paying up to 9.9%.

    State income taxes and fica / medicare for Oregon at $250K income would be taking $36,300 from you, or 14.5% of your blood, sweat and tears. Throw in federal income tax and in Oregon you are now up another $57,650 for a total of nearly 38% of your blood, sweat, and tears taken from you before you even get to benefit from it and spend some on yourself. If you are self employed that jumps to nearly 43%. I guess hope that you are not self-employed, right? Oh, of course, don't forget that if you are self employ about the taxes that your business is also going to be paying outside of matching your payroll tax. Throw on property taxes, sales taxes (most states), city taxes (some cities), county level sales taxes (some counties in some states add on to state sales taxes) and even at a modest $250,000 income someone could be on top of 50% in basic taxes or 43% if you just want to split hairs and only count income taxes.

    But I guess if you work for someone else you would only be paying almost 38% in Oregon. So much better, right?

    Don't have an AGI over $250,000 or you will be hit with another 3.8% high earner surtax on any and all investment income that you receive.

    <end rant>

  32. I do agree with your most of the views except for New Zealand. NZ is not at all suitable for 6-8 fig entrepreneurs, rather this nation is not at all favorable to any kind of entrepreneurs. Lacking in many small things which you may find easily in less developed countries.

    In addition No positive vibes there, worst people. Avoid NZ at any cost.

  33. I heard that Mexico is going to institute a digital-based currency in 2024. How do you feel about this? I was thinking of Mexico as a second country but would I be forced to use the digital currency rather than the dollar?

  34. US Healthcare has nose-dived in the past decade; nowhere near the best in any aspect. Food? Puh-lease… Culture? We're in a culture war. The 'West' overall is nowhere near what it was for a VERY long time

  36. My interpretation that the comments on the Billionaires paying 3-4% are just political. I suspect the calculation they use for that are starting with their net worth and determining their percentage from there… not specifically on taxable income. Beyond several other silly things.

  38. Sometimes I wonder if you're spending more trying to avoid taxes than if you just paid the taxes in the first place. Sure, low taxes are a part of the "go where you're treated best" philosophy, but it isn't the only thing.

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