I would never imagine that i would need to open a foreign account, but the political situation changed. It is wise to do it before it is late.
@rosie2452 жыл бұрын
I'm starting this process soon. Did you decide on the country for your foreign account? I live in Europe, and don't like what's happening here.
@sloth64802 жыл бұрын
I know you're still business as usual but... Life's falling apart for many people across the world with global unrest and threats of war. Not just in the USA but in a lot of these places that one would normally get a second citizenship in. People are suffering and becoming angry with their governments. Banks are becoming less secure. Would love to see vídeos address some of these things.
@hughjass10442 жыл бұрын
Exactly! Some places that were thought of as safe and secure as recently as last year are no longer so. Maybe they will be again soon but they're not now.
@fillername4582 жыл бұрын
Part of the reason why St Kitts and Dominca seemed like better options. Now with the looming debt defaults by Caribbean nations it does make it more risky.
@algae_rhythms2 жыл бұрын
I fully agree. This channel is starting to feel autistically irrelevant in the face of all the changes it completely ignores
@hughjass10442 жыл бұрын
@@algae_rhythms That may be a bit strong but you're right; I wish Andrew would talk about some of the more pressing current issues.... because they definitely are both current and pressing.
@ImminentHD2 жыл бұрын
@@fillername458 Are there resources that go over this in more detail? I was honestly considering forking out 200k USD for a St Kitts citizenship as a second passport.
@ShOwStOpp3rr Жыл бұрын
Whats the advantage if your worth 10 million and an American to put your money in Switzerland or Singapore,,you have this huge hassle to set all that up constant travel,language barriers,issues on the telephone..why would you take 5 million out of a UBS branch in American and move it to Switzerland what are you trying to achieve? you certainly are not hiding money anymore from taxes those days are over...
@robinrickards67432 жыл бұрын
Can you comment about the quality and security of banks in Panama?
@umcosta2 жыл бұрын
Thank you for your public service!
@skoopqueen Жыл бұрын
No doubts , A good way of growing and saving your money is through investing . You don't need to have much before you can invest. "That little money you have now can make you millions if you invest it wisely". I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made.
@Kapauhawaii4 ай бұрын
Invest in what? You didn’t say what you invested in and did well in
@mbtrade13122 жыл бұрын
There are no substance in what you said. Waist of time listening to you. How about cutting the jargon and CLEARLY say which tax haven countries are easiest to open account in for foreigners.
@Carolinapetroska Жыл бұрын
The tax heaven country is the one you don't reside in. Is that clear enough ???
@zzyzx686 Жыл бұрын
@@Carolinapetroska It's a bit more complicated than that. I had a bank account in a country I was not a resident of, but they closed my account because of increased international financial tyranny. I have for years tried to find a jurisdiction that would allow me to open a new account, so the question is WHICH country will still let you open an account? Knowing where you would LIKE to go is of no help.
@zzyzx686 Жыл бұрын
Exactly my thoughts. If you found a site that provides information we can use please post it here. My account in a country I am not a resident of was closed years ago, and I still have been unable to find a jurisdiction that will accept me, despite the funds in that account being from a lawful property sale I wanted to protect from the WEF ideology which took over my country of residence. Can't leave my residence before gaining back the proceeds in the closed account.
@aaronag78762 жыл бұрын
Absolutely great free advice. Any advice for that lucky winner of the euromillions currently standing at £194million. I guess contact you asap? Lol
@yoginelson4 ай бұрын
Andrew you are awesome. You inspired me to do what I have been thinking of doing for 20+ years. I fall slightly below your threshold to be a client (10%) under the $1m but I’m on the way to citizenship to Spain because of you! Thank you
@nomadcapitalist4 ай бұрын
That's fantastic to hear! It's wonderful to know that you're taking steps toward your goals and pursuing citizenship in Spain. Maybe we will meet you at the Nomad Capitalist Live Event someday.
@mrpeel32392 жыл бұрын
Luv your Lichtensteinian accent!
@theresa70442 жыл бұрын
Do you have any videos on how to setup and off shore bank account. Specifically Singapore? Thank you!
@rahulchawla202 жыл бұрын
Open HSBC Premier in your home country first and then they will help you.
@stevencarroll42502 жыл бұрын
This is a really excellent overview. Canada may be an option for the smaller dollar account. Most countries do not allow foreigners accounts any more. This is largely due to US Treasury reporting requirements, why would a foreign bank want to deal with those guys?? Way too much hassle.
@cineffect2 жыл бұрын
Maybe Andrew could start his own "Non-Fatca" bank?
@Carolinapetroska Жыл бұрын
Yes you are right and especially won't allow you to make any money from your accounts so no point.
@Carolinapetroska Жыл бұрын
Actually Canada has become one of the worst now since the government can freeze your account at any time if they don't like what you are doing.. So not safe and you have to reside there or they won't open it.
@ikbk76752 жыл бұрын
What resource can I utilize to find out if the country I Bank in, reports to the US government?
@Sam-pn2kc2 жыл бұрын
that why cash will be king
@toybox722 жыл бұрын
Can you recommend bank in Cambodia
@cardp172 жыл бұрын
georgia!! a great place.....until russia decides they want that too. i'd visit. i'd never invest in a life there.
@paulpollitt17312 жыл бұрын
What country’s banks and economies will be least affected if (or when… in my opinion) the US spirals down into dysfunctional chaos or worse in 2025? It wont do much good to stash money offshore if the country’s economy and banks collapse along side the US.
@Carolinapetroska Жыл бұрын
Some of the worst countries in Europe to try to open a bank account. All Baltic countries, Latvia will ask you a million questions some irrelevant and in the end will say no. Maybe it's for the best since the quality of their services is close to zero. Italy.
@JohnJames-Manifest2 жыл бұрын
Awesome info. Long time viewer
@nomadcapitalist2 жыл бұрын
Thank you, John. Glad to have you.
@honestopinion67610 ай бұрын
Why not u talk about Jersy??? There r almost all top banks r there. You dont count Jersy as safe for offshore bank??
@mariasosin22592 жыл бұрын
I love the content, thank you for sharing knowledge and experience!
@AlmasHealthyCooking2 жыл бұрын
What bank is recommended in Albania to start residency?
@williammcguffin-u5h5 ай бұрын
can anyone tell me if its easy or hard to open a bank account in iceland and start bussiness
@albertgrant10172 жыл бұрын
Excellant video !
@edwarddawn22772 жыл бұрын
It’s a bit morose to bring up, but how difficult does a sprawling international banking presence make it for one’s heirs to settle one’s estate upon their passing… the varying laws regulations must be a practical nightmare?
@Southeastasiantraveler2 жыл бұрын
That’s a definite downside as you point out - one way to mitigate this risk would be to make sure you can access the funds online, and give your account/password details to your trusted other, so the funds can be removed at short notice if required.
@giorgiomucciacito8267 ай бұрын
What about Cayman Islands?
@xtc2v2 жыл бұрын
Is it difficult, given sanctions, to open an account in Russia?
@cineffect2 жыл бұрын
Not sure, but I imagine Russia and Belarus are currently not adhering to fatca and CRS 😉
@xtc2v2 жыл бұрын
@@cineffect The thought never crossed my mind 😇
@brigitalarsen73352 жыл бұрын
Thank you for another informative video; I'm a longtime, grateful viewer, too.....Btw, Millennium in Portugal has recently announced it will no longer be allowing foreigners to open accounts from abroad; they'll be required to do it in person...
@theresa70442 жыл бұрын
Thanks for the info!
@westleywest72592 жыл бұрын
Thanks.😀
@joezawinulreviewsandreacti25092 жыл бұрын
Do an if you guys follow undervalued shares newsletter by Swen Lorenz? he just did a write-up on how some of his friends are having trouble with being able to transfer money from places like Cayman Island s etc and his insistence is that the EU is going to crack down and it will benefit the Swiss banks
@Southeastasiantraveler2 жыл бұрын
Given the current strength of the USD, it really is a great time to be diversifying your currency into other countries.
@paulpollitt17312 жыл бұрын
Buy low sell high applies.
@vwchan8412 жыл бұрын
Hi Andrew. When I set up the FD for MM2H recently, it helped that my wife and I had HSBC accounts here (which in Malaysia HSBC is also present). Yes, the entire process almost felt like we were dealing with two completely different banking institutions but still it was a tad easier and safer paper trail wise since I was able to electronically transfer the needed funds from the US to Malaysia. On the app, I can see my HSBC accounts in both places.
@jonmcmahon74452 жыл бұрын
Thanks
@shanerampersad4997 Жыл бұрын
hi good day I need to open a offshore acc in standard chartered I am from trinidad in the Caribbean what to and how thanks
@robinrickards74832 жыл бұрын
Can you comment on banks in Panama?
@Fidelis56902 жыл бұрын
If you are not a resident or national, it's pretty difficult. Even worse if you are a US person. It's possible but difficult. Overall service is not that bad once you become a client.
@gregfed2 жыл бұрын
Is there a step by step process to open a bank account in a Caribbean country as an American?
@m2smart4u200011 ай бұрын
what is a FIN and why do i need one to open a bank in Singapore?
@conservativemovement2 жыл бұрын
Why do you never talk about India?
@Ziegfried822 жыл бұрын
Likely because it is not friendly to high net worth high income individuals. Lots of extra taxes if you are making millions. That's my guess.
@conservativemovement2 жыл бұрын
@@Ziegfried82 thx that s got to be it
@bethfurry74612 жыл бұрын
I love your earnest commentaries, but things are getting scary everywhere. Yikes!
@jonj13142 жыл бұрын
What countries/banks/brokerages outside of Russia are best to access the Russian stock markets?
@alexalexander31402 жыл бұрын
Bitcoin
@theresa70442 жыл бұрын
I was just thinking the same thing.
@luisdetomaso8672 жыл бұрын
Great advice. Crashing down to 18K again this morning. A fantastic "store of wealth" that hemorrhages 70% of it's value in 3 months
@Ziegfried822 жыл бұрын
@@luisdetomaso867 agreed. Hard pass on using BTC (or any crypto really) as a primary store of wealth. I'd sooner hoard pokemon cards.
@alaskanwhiskey2 жыл бұрын
@@Ziegfried82 agreed. I'll buy back in once it goes at its lowest. Till then I won't buy the "dips" same with stocks waste of time. Bailed out before the crash awhile back.
@paulpollitt17312 жыл бұрын
I think you should do a segment on the worlds safest “harbors” when the coming storm engulfs the USA in 2025. That would be a true public service for your subscribers. So many economies are closely linked with the USA. I could be wrong about 2025 bringing an authoritarian govt if the Republicans win, and civil war if the Democrats win, followed by default on interest payments of govt bonds, economic collapse, and chaos. I could be wrong, but lm absolutely not.
@nimaeusman21832 жыл бұрын
😀l am so happy my financial life has totally changed ever since I ventured into stock investment. Ive been earning over $18,000 dollars every single week.