As the rise of digital nomads continues to grow, there has been increasing concern over the taxation implications for those living a location-independent lifestyle. For those who are considering becoming a digital nomad or are already living this way, it’s important to seek out the right tax advice to ensure compliance with local regulations and to minimize tax liabilities. One company that specializes in providing tax advice for digital nomads is The Nomad Capitalist.
The Nomad Capitalist is a global consulting firm that focuses on helping individuals and businesses to legally reduce their tax burdens, diversify their income, and live and work in the most tax-friendly jurisdictions. With a team of experts in international tax law, The Nomad Capitalist is well-equipped to provide tailored advice to digital nomads who are navigating the complexities of cross-border taxation.
One key piece of advice that The Nomad Capitalist offers to digital nomads is the importance of establishing residency in a tax-friendly jurisdiction. By becoming a tax resident in a country with favorable tax laws, individuals can take advantage of lower tax rates and potentially eliminate their tax liability altogether. The Nomad Capitalist assists digital nomads in identifying the most suitable tax-friendly jurisdictions based on their individual circumstances, such as income levels and business activities.
Additionally, The Nomad Capitalist emphasizes the importance of understanding and complying with tax regulations in each country where a digital nomad conducts business. Tax laws vary widely from one country to another, and failing to comply with these regulations can result in hefty penalties and legal consequences. The Nomad Capitalist provides comprehensive guidance on how to structure business activities and income streams to minimize tax liabilities while ensuring compliance with local tax laws.
Another valuable service offered by The Nomad Capitalist is the creation of tax-efficient corporate structures for digital nomads. By establishing a business entity in a tax-friendly jurisdiction, digital nomads can benefit from favorable corporate tax rates and other incentives. The Nomad Capitalist assists in setting up these structures and provides ongoing support to ensure compliance with corporate tax regulations.
In conclusion, digital nomads can benefit significantly from seeking tax advice from experts like The Nomad Capitalist. By understanding and leveraging tax-friendly jurisdictions, complying with local tax regulations, and establishing tax-efficient corporate structures, digital nomads can minimize their tax liabilities and optimize their financial strategies. With the guidance of The Nomad Capitalist, digital nomads can navigate the complexities of international taxation with confidence and peace of mind.
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omg i needed this! being a dual citizen i have NO idea if i should pay taxes in BOTH countries or just the one i live/work in? so confusing! i loved watching this, thanks so much Louise!
i expect more and more people are going to be nomads as governments are getting more and more greedy, Any tax rate above 20 percent is a sin. If anyone ask me where i am from, my answer is Earth.
Loved this video!
I’m sorry I hope this doesn’t come across as rude, but this video looks familiar. But just occurred to me. Love you Nomad Capitalist
https://youtu.be/5Ysr4cid7aE
This is a fantastic video. Thanks so much.
as an American living abroad in my second citizenship then, what is the best way to register my business to pay the least in American taxes?
What is tax??
Hi i am wondering this, If I am Panamanian and I have a LLC in New Mexico US doing FBA in Amazon, but I dont have US residency neither citizenship, I live in Panama from where I come from…. Do I have to pay taxes in US ? as Panama is a territorial tax country…. Could give some advises.
1:22 tax residency vs. citizenship vs. physical location
9:00 American around 100k income advice … but California requires more research .
Am I the only one who confused here, it's like he's talking a lot but not saying anything? He didn't actually answer any questions.
This is great video!!!
Love this!
I'd love to invite you & all the digital nomads out there to join my channel!
This guy blabs for 20 minutes to say absolutely nothing.
I startet Sailing around the world. Living on my boat, and on my move all the time. What will. You do if you wana open a buisenes operating online?
I like how the girl summarizes !
Your so good looking Andrew. Nice blonde hear! Pun pun pun?
Been telling people exactly what you've came off with. People forget they live in the world and they'll sit and moan their lives away in a country going down the pot. I'm back living at home again and I'm surrounded with them. All i get is collective/socialist BS coming from them. They're clueless in the what i call the new tech age of modern human way of life. I worked as a welder for 16 years before taking off, i think i welded these people's
assholes to a chair before leaving. I was the the type of guy that would travel to find work or just a better place to live. Love this tech age and what young people are able to do today. Long may it last ; } Good look guys/girls wherever you're at today.
The interview is better than he talking to himself
Andrew is a fraud and conman!
The guy is all about scamming people. He is no expert. He has no qualifications in tax or law!
You have to file an "application" if you want to work with them, telling them your motivations and feelings, and – most importantly – how you intend to pay the fee for their services (PayPal, wire transfer, Bitcoin etc.) During filling out the application form you learn that their services will probably cost you between $12k and $18k (without anyone even checking your requirements or your situation!), and you are asked to confirm whether you are ready and willing to pay this amount (up front, of course) if they should decide to work with you.
What is missing from the application form however are specific questions regarding your current company structure, income situation, the specific services you require of them etc.
I believe that is all one needs to know about this company. Luckily there are plenty of serious offshore consultants out there.
Nomad Capitalist is a FRAUD, plain and simple!!
I paid thousands of bucks for a piece of useless paper!
He presented nothing new. In fact, I know more about the offshore world than this joker. If you want to live in Georgia (no thanks), bank in Armenia (no thanks), buy some cheapo apartments in Montenegro/ Colombia (no thanks), then this is your guy. If you're a real 8 figure entrepreneur like me, you require a professional offshore company to handle your affairs, which i've eventually found. Andrew is interesting enough to sit and watch a few Youtube videos, but DO NOT make the mistake of hiring this guy. He's a full time CON ARTIST.
I wish i'd done some proper research on him before paying up.
There's bad reviews on every site ive been on, but it's too late for me.
Apparently he's getting sued by former clients. I'm looking into it.
We can't let this guy keep doing this!
Henderson is a criminal and fraud!
Henderson exploites his staff, and openly steals from his clients!
He also promotes and encourages slimy and illegal tactics for the pourposes of tax evasion.
Henderson also has nefarious dealing with many fraudsters such as Kiyosaki as well as disgraced and corrupt politicians such as saakashvili, who is a wanted fugitive and has stolen untold amounts of money from their people.
Henderson is a weak and pathetic individual who needs to answer for his crimes!
He belongs in prison!
You guys are great! Make your monney becuase of the bennifts you received from western millitary production and then skip off to some third world country that would be communist without our millitary becuase of the poverty. Thanks for the loyalty guys!
i have a question: lets say youre from asia and you have big businesses there, then you invest in europe and you invest in property there that earn and hire a property manager to handle all local taxes there. if you invest in the eb5 investment program of the usa and after some time pass all the requirements and can become a us citizen. if you decide to become a us citizen, will the us irs also tax your businesses in europe and asia even if they are already being taxed where they are?
Andrew's the best. It's a small world people- get out there and enjoy it! *A.
Fav line…….."Solve the problem when you have the problem":)
Andrew, great video. I can't believe this video is almost 3 years old! Thanks to you also for having Andrew on Digital Nomad Girl.
Wondered what Scarlett Johansson was up to these days…
Tax is theft
As a US citizen would you know if it's advantageous to incorporate yourself as a S corp if you earn over the FEIE limit? Say you earn 155k/yr and the FEIE covers 105k of the salary you pay yourself. The remaining 50k you then "distribute" to yourself from the corporation and would also be tax exempt? If I understand it correctly.
Love this, thank you so much for making it.
That was a good interview combination . You should do that again ..