How to Pay 0% Tax as an American

I highly recommend NOT moving to Puerto Rico for those Act60 tax incentives. They are getting stricter to be eligible to be on and its a very controversial tax laws on the island, you'll get a lot of hate from local Puerto Ricans if you move there just for Act60. Plus it's really a tax loophole for multimillionaires and billionaires, if you're just some small crypto trader or business owner, its not going to be for you. Many financial YouTuber who have moved there for Act60, move there for like 2 years, then release a video saying that they left and that the island life is really tough. You have to me a multimillionaire or billionaire to survive in Puerto Rico as a Non-Puerto Rican expat, and live in the American enclaves like Dorado Beach or Palmas Del Mar.

Finally a video featuring the beautiful country of Uruguay 🇺🇾! my aunt moved to SA over 25 year and married an Uruguayan national. I visited her once and absolutely fell in love with the country. I want to move there within the next 5 years and it’s nice to have family already well established there. It’s so affordable they have 2 homes and 2 apartments across the country. Beautiful!

Many US Nomad Capitalists are interested in moving to Latin America to reduce or eliminate their taxes. Watch this video where we explain how to move to various countries in Latin America, and not only pay low or zero tax, but also get a free second passport: https://www.youtube.com/watch?v=KqDd7NNKXZI

It costs $2300 to turn over your passport? They seriously have you held hostage

My eye doctor moved to St. Kitts & Nevis, & had 2 hurricane's destroy his business twice. That was enough for him. He is back in the USA now. I asked him about you, but he is not moving now. O well:) Great video Andrew. Nomad Capitalist live looks really interesting this year. Trying to go. We will see. Live like a king in Oman, love it. First rate. Out.

The problem with dumping all your money in a CFC even though the business pays 0%, is that you the person still pays standard US taxes if you pull out too much (ie: more than FEIE + standard deduction amount). All the years where you store money in the business, the actions that can be done w/ those funds are far more limited. Also every year you'd have to pray the presidency and congress dont magically come up with more laws that siphon more money from retained earnings -- think GILTI v2, retained earnings in CFC that exceed $1 million USD shall be taxed at 90% for example.

This is exactly what I was looking for while going over your videos and the nomad capitalist R&D channel. Thank you Andrew and team. 🌞

This is by far the best Nomad Capitalist video I’ve ever seen and should be the prerequisite video for the entire Nomad Capitalist video library. Keep up the great work!

Not at your client level, but a solopreneur, and I would still have to pay self-employment tax.

To be clear… Cuba doesn’t seem to be an issue to count towards 330 days if you travel there legally. For example my wife is Cuban and we operate Cuba tours. It seems legal to count Cuba if we have all of the necessary OFAC documentation for legal Cuba travel.