Home Caribbean and Vanuatu Tax-Free Countries in the Americas

Tax-Free Countries in the Americas

Want to live in North America, Central America, South America, or the Caribbean, and legally pay no tax? Here are countries where smart entrepreneurs can pay zero tax:

1:42 Cayman Islands
1:54 St. Kitts and Nevis
1:56 Antigua and Barbuda
2:35 Bermuda
2:37 Bahamas
4:29 Panama
4:30 Costa Rica
4:31 Nicaragua
5:32 Uruguay

Which of these countries most appeals to you? COMMENT below.

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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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43 COMMENTS

  1. Aruba, Jamaica, ooh I wanna take ya
    Bermuda, Bahama, come on pretty mama
    Key Largo, Montego
    Baby why don't we go
    Jamaica

    Off the Florida Keys
    There's a place called Kokomo
    That's where you wanna go
    To get away from it all
    Bodies in the sand
    Tropical drink melting in your hand
    We'll be falling in love
    To the rhythm of a steel drum band
    Down in Kokomo

  2. Paraguay. It's not part of the list but overall taxes are extremely low and it's flying under the radar. The central american countries including these islands are to close or to tied to the US or they have too many other problems like Nicaragua has. Uruguay may be an option though at least for notorious beach lovers.

  3. What's the difference in paying $150k to buy into the citizenship investment program to move there and a personal tax? It is not a guarantee and they could ask you to donate more each year or every few years.

  4. A Radical Idea No More

    A second passport can expand your legal rights.

    That second passport can expand your legal rights and enhance your retirement; for a U.S. citizen, it can mean freer world travel with fewer problems from unfriendly border police, customs, and immigration officials. That second passport can open doors that otherwise would be closed.

  5. You left the best "limited period of time" option out of the list: Chile. I know that they are in a delicate political situation at the moment but in terms of weather and human development Chile is, in my opinion, the best option (followed by Uruguay). In Chile you have the option to pay zero tax on your foreign sourced income for a period of three years and it can be renewed if you have a solid argument to convince the authorities that you are not planning to stay in the country permanently. Also, adding some information regarding Uruguay, in my opinion it is the best long term residency option in the Americas if you are a digital nomad (works with software) since all the foreign sourced income that derives from software sales or services is tax exempt. So, during the first 5 years all your foreign sourced income is tax exempt (considering the 5 year tax holiday) and after that your tech income remains tax free and your capital income is taxed at a low rate (12%), with many sources of income being tax exempt (ex: rent). Also, the weather is pleasant, Montevideo is a decent city, it`s very close (2h boat ride or a short flight) to Buenos Aires (a huge metropolis with everything that you might need) and the airport is convenient with a decent amount of flights. The main downside in my opinion is that you are far from Europe, North America and Asia, so most of your short trips will probably be to some South American destination like Brazil, Colombia, Chile or Argentina.

  6. So glad you did this video I am have considered island life for awhile now I have was actually thinking about St Kitts, as well as Antigu. I have visited Panama and really loved it there too. My better half and I are a planning a scouting trip soon where will be looking to purchase a home. I am in the process of selling my farm in Western PA as it is my largest anchor to the U.S.. Thanks again for another great video and I will be reaching out soon to see if you can help me with my plan.

  7. The housing market does seem a bit high , and maybe that means to continue to look but not put 100% percent effort sifting through deals .

    I think following your return on investment numbers is the most important, and that should help you determine if you want to purchase a deal even if the market has elevated prices. I think the hardest part about real estate is not crunching the numbers, but having the persistence to continue looking for deals AND having the patience (disciplined mind) to not act on a bad investment just because it may feel like progress has not been made in a while.

  8. Panama is my second home. I did the Friendly Nations that you mentioned for 5k. I like it because it is close to my first home in Florida, it is EST and I am a $3 taxi and Uber ride from modern city high rise, suburban mall or old city. A lot of diversity in a compact space. People are generally friendly and I find it safer than some areas of Florida I have worked in the city center.

  9. I like the drift towards half Northern Hemisphere and half Southern. The best thing about the British Territories for a US citizen is that you can stay for 6-8 months without a visa. The Bahamas will give you a homeowner's card if you buy a house there—not permanent residency but pretty nice for hanging out. I'm not all that fond of Nassau, but there are many islands in the Bahamas—-365 in the Exuma Cays alone.

  10. Cayman island! Just as good as the Bahamas but rarely get hits by a hurricane, Still got a lot of room for updating and growing and for those that do care 420 is legal! PAst of the Commonwealth maning if you're a citizen of any of the country, all you need is a passport to move there, no vias needed!

  11. What's most important is you finally sexed up your channel a bit with the new girls on your home page. Hard to pick which one is my fav……I'll take them all por favor

  12. It's unfortunate that a lot of these countries have a low standard of living.

    The Central American countries have poor trade agreements and it's difficult to find the products you might be used to enjoying in the 1st world. I know people in Guatemala and Belize who travel to Mexico just to shop. Not ideal.
    Central American telecommunications infrastructure can be a real pain for anyone who relies on working remotely.

    The islands are similar, except you are stuck, and imported goods are typically limited and very expensive.
    Also get ready for sweltering humid summers and hurricanes.

    I can see these places being an option for the ultra rich. If you have a lot of money, a yacht, a piece of real estate that resembles a secure compound, then sure, the world is your oyster.

    But get ready to feel very alone if you don't speak Spanish, or have a local community or friends/lovers willing to visit you.

  13. If you're a US citizen. You left out Puerto Rico. As a tax exempt agreement type place where you can exempt tax for a business….and….personal tax exempt.

    Im in the process of starting an Internet based company. Wanting to eliminate taxes, so I can use the tax savings, to pour back into the company to grow it faster.

    I've lived in the islands for 10 years. On my own 62'' yacht. What was interesting….is the number of people who come to the islands. BUT….they feel claustrophobic so to speak. That they are living on an island, surrounded by water.

    The saying was…

    If you could live on the island for a week. You could make a month. If you could live there for a month. You could make it for a season. If you could make a season…you could live there for a year. And if you lived there a year…..youll nevet go home!!!

    It really is in stages. I had a friend of mine living on my boat, while I went back to the States for a month. The island life, drove him crazy. It isnt for everyone, no matter how romantic it might sound!!

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