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How to Live Tax-Free as an American

2024-10-23 Education
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Nomad Capitalist
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 address the question of whether you can live in the USA and move your company overseas in order to pay zero taxes. Mr. Henderson also explains how Americans can set up multi-part structures to move their lives and businesses offshore. Additionally, he shares tax-friendly countries and jurisdictions for international setups. 00:00 Why Go Offshore? 01:21 Can You Stay in USA and Move Company Overseas? 03:06 Tax-Friendly Quadrant 04:46 Tax-Friendly Jurisdictions 05:40 Global Banking 06:45 Exiting the USA and Multi-Part Structures 11:01 Advantages of Living Outside the USA 14:51 Protect Yourself Legally while Going Offshore 9 Best Jurisdictions for Company Incorporation in 2024: https://nomadcapitalist.com/finance/best-jurisdictions-for-company-incorporation/ 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)

@nomadcapitalist 2024-11-01

The latest episode of our Live Like a King series has dropped! Join Mr. Henderson as we explore luxury living in one of the best value cities in the world—Kuala Lumpur, Malaysia: https://www.youtube.com/watch?v=hGvgJ1FYUlY

5
@Tee55118 2024-10-23

Yeah, LLC is not a Sub S Corp. You need smart tax advice. However it's structured, I really only need to be in the U.S. for Thanksgiving, Christmas, and Easter and maybe a family reunion function. So, maybe four weeks out of fifty-two do I want to be in the U.S. Otherwise, living in an ultra-safe country, such as Iceland, Switzerland, Aruba, or United Arab Emirates, with easy major airline access, is all I need for my immediate family and me.

25
@theancientandreios7417 2024-10-23

Argentina just dissolved their tax agency, shrunk it down, are restructuring it in a simpler way, reducing their $30Kusd/month high wages and reforming their practices thanks to Libertarian Milei. I wish the same for every country that needs this. Long live freedom. 🗽

158 27 replies
@NoorD972 2024-10-23

Yes! I’ve been waiting to see Kuala Lumpur Live Like A King 😊

35 1 replies
@quartamile 2024-10-25

Folks like Josh Nelson teach setting up a certain kind of trust, selling assets to the trust, running businesses within the trust, using a certain kind of life insurance policy within the trust, and taking loans from the policy (there are strategies to not repay), etc., is another way to entirely dodge taxation (via deferment, promissory notes, etc.), without needing to leave the country or deal with foreign accounts. Have you explored such a system? Thanks

26 1 replies
@dianaj3139 2024-10-23

Thank you for keeping us up to date and informed!

6
@TheeHoneyBadger7093 2024-10-23

Happy Belated Birthday…🎉 I hope you enjoyed your day…❤

7
@solracer66 2024-10-28

It should be noted that if you are an American living in France you are not taxed on sales or dividends of US-based securities in US-based companies if those proceeds are deposited in a US-based bank. Now as in all cases there is likely a whole lot more complexity to this than a single sentence statement can cover and of course you will still owe US taxes but it is worth looking into if all you want to do is move yourself to France and live off your assets. France is actually better than many other European countries in this regard even places like Portugal.

5
@jrb_jr_13 2024-10-23

Bravo Mr. Henderson. Happy belated 🎂 🎉

4
@will4417 2024-10-23

Step 1: Tell the government they can take their citizenship and put it where you think

16 1 replies

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