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Wealth migration is a tool that the world’s wealthiest people: investors and entrepreneurs like you use to protect themselves so they can pursue financial and personal freedom.
During the 2020 crisis, wealthy people who failed to get a second residence and second citizenship remained stuck in their countries without access to a backdoor.
2022 signals a new era for millionaire migration.
Most millionaires globally, especially those from developing countries, look to more developed countries like the USA, Canada, and the UK to settle. Historically, these countries offer better wealth growth opportunities and personal security with low crime rates.
But in recent years, the shift in millionaire migration shows a new world wealth hub crown.
In this video, Andrew shares why and where millionaires are moving.
00:00 Start
0:21 New World Wealth Report
2:00 Countries People are Moving to
3:25 Russians Overseas
5:28 Why Americans are Moving Overseas
7:51 Taxes in Russia
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 Mr. Henderson:
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'm brainwashed by Andrew, 100% agree with him!
Bye!
I think the Puerto Rico one is going to change soon. The law bring millionaires and billionaires to the island is called Act60, and almost all the locals hate it, they call it a tax apartheid. It's causing gentrification and displacement for real Puerto Ricans. Congress hates it because it is losing the US millions in tax money for the IRS. And soon the IRS has said they are planning to pressure Puerto Rico to take the tax haven status down and get rid of Act60. Everyone hates it, the only reason it's still up is because corrupt pro statehood government us using it as leverage to get statehood, the governor himself has said that of congress wants him to take it down he'll only do it if they make Puerto Rico a state. But they don't have to wait for them, congress is going to put pressure on the government and they are going to take it down anyways.
So much bad information on this channel.
I see my comments are being taken off. Less free speech from an expat.
For heavens sake I can go to a Joe Dispenza in London to change how my brain works for $4K.
And in US everyone knows abt people (men) moving to Puerto Rico.
It’s all same ol’ same ol’. Tiring.
You’re all making $$ of us for listening.
I do not wish to live in Mexico, Puerto Rico South America or Asia.
Y’all can make your money there, marry there and so on.
I guess there aren’t many women
expats! Women who wish to go meet people in other places of the world that are interesting to them.
Not necessary looking to marry .
Companionship maybe. See how others are thinking and living.
Also I’m so tired of hearing same ol same ol from you and International Living. I honestly wish I had what time are you done the same thing a decade ago. Made money telling people where to go. One doesn’t even have to travel that much to know. It’s Americans who think if someone has been outside of the US , wow!, I’ve never been out out of the country! And other Americans think if you’re living in the south of France all summer you’re definitely a multi millionaire.
Everyone lists the same places over and over again. And owning in Thailand, Malaysia, Turkey, or many places is not a very good idea, if you’re an investor.
The truth is pick a place you think you might enjoy, go rent there, and then decide.
I don’t mean to ruffle feathers .
I wanted to go to your conference because of Gammon & Moss.
I found your conference to be way too expensive for taking place in
a place next to US. For $5,000 I can go to another conference way more exciting to me.
(Nothing against Mexico it’s incredible.)
But…..I’m not retiring in Thailand,
Vietnam, South America, Malaysia,
are you noticing so many of these places for men to find their wives easy peasy.
There isn’t a YouTube where the men admit to this. West European
men go to Eastern Europe. And I’m sure there are great women from everywhere to love and cherish.
What countries can women go to
where the above is known to be true
for men?
No one speaks about this globally.
Yet American women know very well why men expat themselves.
Me I’m a woman and i expat myself
for a variety of reasons. If I meet someone great and if not it’s not my
main motivation.
No one has to be a 6-7 figure , hint haven’t you picked up that people are saying I’m not a 6 or 7 figure person. Americans, we are fairly humble, do not help us to feel more bad.
I just don’t like pretense.
I’m 67 and true elegance includes
humility. I’ve met the most elegant people that do not have a dime !
True elegance is not pretense.
It’s grace.
Really not sure why you’re saying just millionaires are moving. I like
some of your videos. It’s frustrating
that you’re not catering to all expats. Lots of us are leaving. I believe it’s mostly the middle class.
That you continue to say 6 and 7 figures are the people you cater to
is mind boggling. So bugle .
The people of this world that are making a lot of money are also extremely young people and middle class, and middle class that have moved into being millionaires.
You seem to insist that only old money is good. Did you come from old money? Curious.
I cannot over emphasize the importance of being an experienced trader to make good returns off the crypto space, else you'd join the group that call it a gamble.
Those that understand the market trends always seem to be a step ahead and apply adequate measures to stay secure no matter the situation.
US continues to be a toxic country. Citizenship in the US has no value on the international stage. We see Republicans and Democrats bullying citizens into releasing their private information. Violence and antifamily values are things scaring people out of the United States.
With Vanuatu's changes, what are the best Pacific options nowadays?
I wonder how many of these millionaires voted us into this bullshit just to up and move after fucking up by voting for these idiots.
Henderson is the new Molyneux
Booking my ticket today 😄
No surprise we all got more mobile. That is called globalization. That doesn't mean that the US is a toxic country though the phenomenon is global. Of Course is Vladolf driving out a lot of Ukranians through his war and certainly a good amount of Russians are leaving. That should be the bulk of the movement. Americans leaving is by far the smaller number and mostly rich people as part of a life style decision. While Ukranians try to escape from violence and many Russians don't want to be part of Vladolfs Reich. This are categorically different motivations. The US isn't forcing out anybody or threatening them with violence it is basically a life style decision for millionairs which is fine but not related.
Another interesting and informative video ..!!
The Spanish Government has decided to increase the “Patrimonial (wealth) Tax for the richest Millionaires, many have and are leaving to live in Portugal 🇵🇹 to pay lower taxes …!!
The amount of wealthy Spaniards moving to Portugal has increased dramatically since the current Socialist Government came to power …!!
The Portuguese Socialist Government , doesn’t want to kill the goose that lays the golden eggs, whether it is in attracting business or wealthy individuals to relocate to Portugal .!!!!
More people die than are born in Spain ..!!
The ECB and the IMF are scared of the demographic time bomb in Spain, when there’s not enough people working and paying taxes to support the country, social services or the rising pensioners explosion 💥 that’s about to explode ..!!
Stay safe ..!
Chapeau
Anthony
I live in Australia, Far North Queensland – I like the tropics and the houses are cheap also the climate is great. I am 5 minutes from the beach, which is the Great Barrier Reef, some days I can see turtles swimming in the ocean. You should consider it if you like a relaxed lifestyle.
Interesting. Is there a reason you're talking so fast? I slowed it down to 75% and you are slurring words :~s
I’m not looking to move as my income is dependent on me living in the US, but it would be nice to buy a second home and get residency in another country so that I’m ready.
People are escaping Puerto Rico… in droves…
I dont have a million dollars yet but after the way things went with the pandemic I was ready to leave during that time. So I don't blame the millionaires and the people that can up and leave for doing it. I felt trapped!
Done with the US. As soon as I am able to I am legally and permanently emigrating. Everything from the food, women, laws are awful the fact that the US taxes your worldwide income is the last nail in the coffin. When the right time comes I am also renouncing.
How do you move money from a US bank to an overseas bank, like to a place like Bahrain.
Europeans; You are invited to america; fly over now to avoid the rush later. We have a LOT of dead wood to chainsaw into fire wood and a LOT of land you can pitch a tent on. Make the move earlier so you can settle in. We have work !
They are leaving because they bought high and sold low. Thus they are broke or can't pay their debts.
2000 people that’s a tinny amount of people in the USA
Easy, because of taxes.
You say it perfect
Immigrants in, millionaires out
I know your company especially caters to people who are already established, however, my father and I are Mexican – American citizens, and on 5 digits I’ve been able to spend time in the UK and Canada etc etc etc… we’ve come to the conclusion that self employed, entrepreneurial people will bank much more money faster if they leave the US due to living expenses. Period.
Yup. A lot of the wealthiest have and are leaving Norway too, many of them to Switzerland.. And the socialist dont like it.
Andrew should make a video on how to travel so much and not get Covid once….
👍🏿👍🏿👍🏿👍🏿👍🏿
Scammerica 😂
Left USA permanently in 2013. Never looked back.
No country is perfect. Learn to adjust wherever you are and try to initiate change whenever possible which is good for all. Everything is about perspective
I wouldn’t mind being a millionaire one day, but as it is now, I’d pay my last nickel to escape from the poorest{spiritually) country on earth, the USA
I wouldn’t mind being a millionaire one day, but as it is now, I’d pay my last nickel to escape from the poorest{spiritually) country on earth, the USA
1. The West never ended the Cold War and WW2. Today's war is a continuation of WW2.. 2. Russophobia in the West has reached gigantic level. Only a crazy Russian will go there. I mean Russophobia at all levels: your neighbors, doctors, clerks, etc.
The jab is evil. Escape while you can