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The Cheapest Countries in the World for Expats

2024-10-03 Education
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Nomad Capitalist
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Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/ In this video, we reveal the 10 most affordable countries in the world for expats to live in. Mr. Henderson also shares two bonus countries that did not make the list. Additionally, he reveals the factors that you should consider, including taxes and residence options, when deciding on a country or countries to move to. 00:00 Cheapest Countries for Expats 01:59 Vietnam 02:34 Colombia 04:10 Indonesia 05:25 Panama 06:10 Philippines 06:49 India 07:18 Mexico 08:16 Thailand 09:05 Brazil 09:31 China 09:42 Bonus Country 11:10 Second Bonus Country Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson’s Book: https://nomadcapitalist.com/book/ 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.

Top Comments (10)

@RonanTOC 2024-10-03

Vietnam is not only very cheap, but extraordinarily safe, clean and modern. With high GDP growth and great family values

291 49 replies
@seekingknowledge712 2024-10-03

Country List 1. Vietnam 2. Colombia 3. Indonesia 4. Panama 5. Philippines 6. India 7. Mexico 8. Thailand 9. Brazil 10. China Malaysia is very affordable, tax friendly and has cheap property. Argentina is also very affordable. Note: Look at you handle your tax structure prior to moving - Plan and Execute

163 17 replies
@saigonexile531 2024-10-03

As an expat in Vietnam (with TRC thru marriage), VN is still a very difficult place concerning visas, banking, and buying real estate. They cannot seem to get their act together putting together a Digital Nomad visa scheme, or anything like it. They are constantly changing rules etc. Frustrating for those who are retired and want to stay (no retirement scheme either). Banking is ok but you need at LEAST a one year visa or forget it. Buying real estate can be easy or can be difficult. The government just cannot get their act together like other SEA countries. Lots of grandiose schemes (like the metro and high speed train they are planning) but dreaming and doing are two different things. That said, I am here 16 years and love it. Just be aware even little ole Cambodia is much easier.

119 10 replies
@stanfield5124 2024-10-03

Just returned from NCL. Fabulous education sessions & networking! Well done to Andrew, Nomad dad & the team. Loved KL too :)

77 4 replies
@jgconnelly 2024-10-03

I'm currently in Kuala Lumpur visiting as per your recommendation, near the Quill City Mall. Had a great experience over ten days. Back to Atlanta this weekend. ❤😊

74 5 replies
@therehastobesomethingmoore 2024-12-23

we are in Xela Guatemala and love it. 2700 meters in elevation so always cool temps, feel very safe, 3 modern malls, walmart, population about 1 million but feels small townish.

16 1 replies
@jamalgreen3056 2024-10-04

I would say Cambodia is more affordable than Vietnam.But a lot to consider not just the cost of living but also how the country will align with your values.I would advise people to also look into countries that are more strict on foreigners buying real estate property, I find these specific countries to be cheaper but not good for investment. So it all depends on what you want and why you want to be their.

16
@organicmatcha8117 2024-10-05

Asunción-Paraguay is nice and cheap. Taxes are only 10% for corporate or personal income if your business or work is in the coutry, but if you receive your income from outsite Paraguay (e.g. you buy products from China and sales them in US - or - you give an online service to Germans) you only pay a flat tax of $600 annualy.

15
@YogaBlissDance 2024-10-10

Gosh your comment section is ALSO A TREASURE TROVE of info!

7
@tomdee6819 2024-10-04

The produce in Panama is very affordable and high quality but housing is more expensive then most countries on the list.

5

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