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Countries with Zero Foreign Income Tax

Did you know you don’t need to live in a zero tax country like Monaco or the UAE to legally reduce or eliminate your tax bill?

For entrepreneurs and investors, countries with no foreign income tax can be just as good, at a much lower price point, and they are often more interesting places to call home.

But there are a few caveats that require careful planning.

00:00 Start
0:47 Offshore tax mistakes
1:07 The “Nomad Tax Trap”
2:02 Do you need a tax-free country?
2:16 Territorial taxes
3:00 Malaysia
3:50 How to get the best of all worlds
4:42 Examples of tax-friendly countries
5:29 Entrepreneur tax mistakes
6:16 Remittances

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ABOUT NOMAD CAPITALIST

Andrew Henderson is the world’s most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to “go where they’re treated best”.

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Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.

He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.

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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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25 COMMENTS

  1. Hi, I'm not a 6-7 figure entrepreneur so becoming a client is probably not possible right now; But I can probably afford Nicaraguan CBI (30-40K). Then once I have Nicaraguan citizenship is it possible to renounce U.S. and still own a U.S. LLC (as foreigner) to own rental properties in the U.S. but not be taxed as a U.S. citizen?

  2. If you get an MM2H or SRRV visa and retire in Malaysia or the Philippines, then work online for a US company based in the US and receive income in US dollars in a US bank, do we have to pay local tax in Malaysia or the Phillipines? Is that considered domestic income because it is being earned while living in those countries?

  3. Australian citizens need PR elswhere snd/or tax domicile overseas address estanlished for over 6 yrs! before they / ATO release you or forget about your tax obligation as AUS citizens same as USA citizens MUST declare and pay tax in Australia / USA on ANY and ALL global income as part of a good citizen obligations. Territorial tax country member of OECD with zero tax on foreign income would suit best…

  4. How can i categorized investing in Bitcoin/cryptocurrency. Is it income from foreign income becouse at the time of investing i was living elsewhere? Or does it count as foreign income at all? How they see foreign or local income if its come to investments and not property? Thanks

  5. How would this work if you lived in Malaysia and your foreign company was paying you as an employee owner there. If you did the work from Malaysia on your laptop is that still foreign source income?

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