Nomad Capitalist can help you legally reduce your taxes overseas, become a dual citizen, and protect your assets internationally.
Meet our experienced research and development team, who will help you create a holistic offshore strategy while saving money, building wealth, and protecting your assets and families.
We've spent more than a dozen years building the world's preeminent network of lawyers, accountants, real estate agents, notaries, and other professionals and act as a bridge between them all to provide the most complete done-with-you service to aspiring global citizens.
For posterity: Restricted zone: A zone within one hundred kilometers (sixty-one miles) of the international border and fifty kilometers (thirty-one miles) of the seacoast. Foreign individuals or companies and Mexican companies 100% owned by foreigners may purchase of real estate for residential purposes within this "restricted zone" has to be through a trust fund for fifty years. In this kind of trust fund the bank will retain the property title but the foreigner is the beneficiary and may use and enjoy such premises and may sell or even inherit the rights to it. However, all operations regarding the property must be notified and approved by the bank. Mexican companies with 100% foreign capital may own property directly in the "restricted zone " for other non-residential purposes. There are other restrictions to be aware of when trying to acquired property for agrarian, livestock, and forestry purposes: Foreign companies could not own property for this objective and foreign individuals should observe the land sizes limitations.
I really enjoy these R&D videos. Structuring an overseas start up as a US citizen is like walking through a minefield with your own people behind you shooting at you. So fun.
We're glad you enjoy our R&D videos! Navigating the complexities of structuring an overseas startup can indeed be challenging. If you have any specific questions or need guidance, feel free to reach out at nomadcapitalist.com/apply/.
Thank you for the comment! Haha, we can see how that could be misleading. Here at Nomad Capitalist, we focus on CFC (Controlled Foreign Corporation) rules. While we're not experts on sports, we're more than happy to assist with any tax-related questions you have.
This wouldn't create any housing problems if they would just have a land value tax dispersed as a universal income to all citizens. Then the bottom 70% or so would end up net ahead. Hugely progressive and without deadweight loss (land doesn't reduce the amount of land).
Can you do one for Greece? How/ when do the CFC rules apply to a Greek resident with a US LLC? For context, here are my specific circumstances: I want to open up a US LLC to generate active income only through providing services to US clients (Side Q, the US-Greek tax treaty lowers the amount of dividend withholding tax from 30% to 5%, I assume that since the withholding tax occurs at the source, AKA the LLC, I would pay that tax to the IRS and not the Greek tax authorities correct? And since Greece has a 5% tax rate on dividends I can bring that down to 0% with tax credits, my question basically is: ''Where do I pay the withholding tax when I take dividend payments out of my US LLC?'' Alternatively if you don't think it is worth the effort of making a video due to the too niched down audience I would love to get a response from you guys here in the comments Thank you for all your videos guys, I've learned so so much both about taxes and the world as a whole thanks to all the videos you make
Thank you for the comment! We'll definitely consider covering this topic in an upcoming video. In the meantime, feel free to explore our existing content, and to reach out at help@nomadcapitalist.com for any specific questions.
Seems that for every one lawyer a company has to assist them in tax mitigation, the government has ten lawyers devising ways to make taxation more invasive! Looking forward to part two... after all, we are all "guilty" in the eyes of the bureaucracy, are we not? 😇😇😇
Nice video! After my experiences with Canadian healthcare which has left people I know to be sick and die, I feel like I should be suspicious of and should not trust any healthcare if the patient is not completely paying for it with his or her own money. Our Canadian government funds healthcare but they always try to find ways to save money by not giving optimal healthcare, while they waste money on other things and put themselves into the situation of not having excess money for healthcare. Don't get me wrong, I want government-paid healthcare for people because many can't afford it otherwise, I just wish it was better. It is also true that private healthcare is not always perfect and the level of care can depend on the individual Doctor and other healthcare workers. I knew about Malaysia but I did not know about Costa Rica's healthcare.
Lived there for 5 years now. Many do SSRV or marriage visa.... or Just stay on tourist visa. Less hassle (like anything government there) and not expensive. You can extend online.
Vanuatu 🇻🇺 still has complete 0% taxation for foreigners.I believe the only islands and countries left that will still have complete 0% taxation is countries and islands that are completely far away from it all,like a Vanuatu.
Thank you so mucho for the video, I have a question. If I am from Mexico but I have Spanish citizenship and I want to travel to Canada as a European to avoid the visa, I should check-in with my Spanish passport, right? But then, how do I leave Mexico as a Mexican (because here you get penalized for not exiting as a Mexican)? Doesn't the passport we give to the airline immediately become the one we officially leave with? Or is the control of airlines different from the control of countries? Would it be possible to check-in with the Mexican passport and only show the Spanish one as a substitute for the visa when boarding the plane to Canada?
You can be a tax non-resident US citizen e.g. to take FEIE. If there's a tax treaty between the US and the country you're a tax resident of, that could save you money. Not sure if Cyprus has a tax treaty, but you could look it up. I know some non-dom countries do. You can't do FEIE and take advantage of foreign tax treaties though - you have to pick one or the other
Thank you for the comment. The classification of trading income as foreign or local depends on factors like your residency, the source of the income, and local tax laws. Reach out to our specialists for specific guidance through nomadcapitalist.com/apply/.
What if you are a US citizen who can't yet renounce? We are tax residents until we can renounce. Is it possible for us to avail ourselves of this program?
Be careful purchasing property in Cyprus and committing assets there. Israel is using them as an air base and if the regional conflict expands you can expect Turkey to take Cyprus in totality.
@@armyman3666 It will be a strange time indeed when even NATO members oppose each other. ie Turkey and Greece over their partition of Cyprus. Israel using it as a launch point for Air Missions may well be the straw that breaks the Camel's back.
