The Best Low-Tax Country for Running a Business

Join us at Nomad Capitalist Live for four days of knowledge and networking open to all: nomadcapitalist.com/live/
Become a Client: nomadcapitalist.com/apply/
Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: nomadcapitalist.com/email
At Nomad Capitalist, most of the people I work with are six- and seven-figure entrepreneurs.
They’ve already optimized their businesses, and they want to build on their successes by legally reducing their taxes, getting second passports, and living a freer lifestyle as a global citizen.
Like all successful entrepreneurs, my business tends to focus on catering to the needs of a specific market - people who are already successful but want to diversify themselves internationally.
In this video, Andrew shares the best country for low-tax entrepreneurs.
00:00 Start
0:27 How to Move Your Business Overseas
1:24 How to Move to Italy
3:3 How to Move to Portugal
6:45 How to Move to UAE
8:40 How to Move to the Bahamas
Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best."
Become Our Client: nomadcapitalist.com/apply/
Join Our Live Event: nomadcapitalist.com/live/
Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home.
Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far.
If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors.
Become Our Client: nomadcapitalist.com/apply/
Our Website: www.nomadcapitalist.com/
About Our Company: nomadcapitalist.com/about/
Buy Mr. Henderson’s Book: 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.

[@tdexter4959]

Honestly, I think this is the single best video I've ever seen on this channel. If I were to share just one video as an introduction to NC, this would be it. Some people are grousing about the music, but I'm ambivalent on that point -- I could take it or leave it. In any case, the content was note perfect.

[@calum.macleod]

@@torontovoice1 You're worried that you might "feel like an immigrant" and you are concerned about the religious observations. From my own experience I advise not trying to fit in. You don't need to be Muslim to live in the UAE. You don't need to be Buddhist to live in Thailand. You don't need to be Orthodox Christian to live in Georgia. My advice, take it or leave it, is not to try to become a local, but to respect the local people and be interested in them. Typically, I find that people like to be respected and when you take an interest in their culture they often express interest in your culture as well. In the various countries I've lived in and visited, the local folk have been nice. They like to share their culture with people from outside, whether you're a visitor or you've moved there permanently. The World is a nicer place than it looks.

[@ing-0077]

Listen to the people that are annoyed by the music in the middle, when Andrew is talking... it makes it more difficult to get Andrews message. If you are the one that edited the video... please, just put music in the Intro and perhaps at the end of the video... not when Andrew is talking, please!

[@CesaresChannel]

Honestly Andrew, you’re KILLING the videos with this background music!!! In the comments 90% agree! Cut the music

[@brunoraeber1029]

Honestly Cesare what's wrong with it?

[@CesaresChannel]

@@brunoraeber1029 each to their own but I think the comment section agrees with me! Music kills the video!

[@suzh5789]

@@brunoraeber1029 the music creates distraction. It is not like a sports commentator that is trying to create impact and momentum and is competing with drive and momentum. Andrew’s presentation is enough. He has a great natural cadence.

[@JeffCahill-tp8ik]

Simply put, it takes more effort to add the music and adds nothing.

[@JeffCahill-tp8ik]

@Gabriel Diggs didn't mean to trigger you. Are you the guy tasked with adding Andrew's music? I'll continue to watch and support the channel and continue to make comments without prefacing them with disclaimers.

[@diannaboyd7876]

I had to listen fast! Really, Andrew, you are so smart it almost hurts. It's a beautiful thing to see a mind that can hold so much information and keep it all organized.

[@nomadcapitalist]

That's very nice of you; thank you.

[@kingpin1543]

⁠@@torontovoice1he may be reading a teleprompter , but you can deny this guy looks smart and I’m pretty sure he also is.

[@kyleanuar9090]

Great content fighting with background noise.

[@CesaresChannel]

Correct the music spoils the video

[@rclose23]

Hey production team. I have watched nearly all of your videos and never thought they could be improved with loud background music. I was right!!!

[@CesaresChannel]

Correct, the music sucks!

[@nomadcapitalist]

We appreciate you bringing this issue to our attention. Rest assured, all our current videos were prefilmed and are ahead of schedule. However, once we became aware of the problem, our editing team has been diligently working to rectify it. The upcoming videos being edited and uploaded have taken this music synchronization issue into consideration. We apologize for any inconvenience caused and thank you for your understanding. Stay tuned for the improved content

[@truebluekit]

Andrew, congratulations. I watched in its entirety a 12-minute ad for a service I don't need. Well done, sir.

[@cjasmin1960]

Still not a fan of the music. Why add noise and distraction? Andrew's mind is what i want, not a disco

[@remoterish]

Agreed

[@darrinelford1473]

Great to see you back doing videos again

[@danbochman]

I've been watching your videos for years... This is one of your best!

[@quantumleap7441]

He knew ahead of time, learned and how, now excels at it. He can help you alleviate the fear. Go for it, with Nomad Capitalist, you can not lose.

[@MyLatinLife]

Great format with the stories!

[@derkhawkins2575]

I am enjoying the evolution of this channel.

[@scottprice6016]

Please keep these real-life case studies coming. Please do one on a day trader who renounced their US citizenship.

[@lorrimang]

Probably pretty rare. Day trading is the mirage of making money from stocks and shares by riding the waves, buying in the trough, selling on the crest. However, it's you vs other day-traders and computers. It's a mugs game. Even if you think you have a 'system' to win the competition, it's about as likely to work as a gambling system. All you need do is try it on a fantasy day-trader system, based on real numbers of course, to see your imaginary money go up in smoke. Only Warren Buffet's value investing system coupled to compound interest, and holding your nerve in the crashes, works to make serious money.

[@KimJimCastro]

Interesting video but can you also discuss about wealth management companies? This is a recognized phenomena and there are companies (and even individuals) that help invest and manage generational wealth. Some also organize get togethers, and social events for the family. These types of trusts and corps for the super wealthy would make an interesting video

[@mattanderson6672]

Thank you Andrew! I agree!!

[@nomadcapitalist]

Glad to have you.

[@mariogutierrezc]

In South America , Peru has created a very good business environment for small or medium companies. From the easy set-up to everything else . Specially for agro-exportation companies . This has made the country Top 1 or Top 2 crops exportation in several items

[@how2math56]

Love your videos, your voice is engaging enough. No need for the music. Keep up the good work 🙌

[@kittyplayz_ytcat]

I'm been looking to start a business in Peru as well! I love the country! The food is best in the world. ❤

[@Glpshomedecor]

Great info 💯

[@jonrods3415]

Great video again! Thx

[@nomadcapitalist]

Glad you enjoyed it!

[@phiamylan5807]

The music is too loud and distracting. Please please cut the music as it's not enhancing the video.

[@CesaresChannel]

Yes, the music destroys the content

[@tomsaar2010]

Hey Andrew, any chance on making a video on a strategy for high earning traders, as I understand it's considered local sourced income which makes it more difficult to save on taxes?

[@nomadcapitalist]

Sounds like an issue people should just address as a client. www.nomadcapitalist.com/apply/

[@nayanmipun6784]

Please make list of countries best according to subjects - technology art politics commerce personal safety

[@joclavet]

Yes, plz cut the music. We like to watch your videos without music like before

[@BlowmeRoger]

Ok for me, Im thinking its good to start a business in a country with a good exchange rate,so UK, USA etc in that order...but can you do a video on that Andrew maybe a quick guide on the best states in the states for an overseas owner to run a business in...

[@vm3834]

please no music we miss Andrew's voice 😢

[@CesaresChannel]

Yes, I agree! The music sucks

[@gr82bloved43]

Just fyi - it looks like Italy changed its requirements for citizenship in regards to the years. from google: on December 18, 2020 law n. 173/2020 reduced the number of years needed to be recognized as an Italian citizen from 48 months (4 years) to 24 months (2 years), however, this can be extended to a maximum of 36 months (3 years).

[@bjwkusgxjdks]

OH THIS VIDEO HAS JUST BEEN UPLOADED! I have a question and need your help, Andrew. Currently doing 300k/year and scaling it up. I live in the Netherlands and have the Dutch citizenship. I’d like to set up my business in a low tax country and live in Turkey. So I had a few questions. 1) is it possible to set up a free zone company in UAE without an Emirati partner? Or is that inevitable? 2) what is the best Balkan country to set up a business? I heard you saying in another video that Balkan countries have a rusty business infrastructure, but that Bulgary has an easy one. How good is that compared to other low tax countries or UAE?

[@Karl__Pierre]

Indeed its something we are think as well. How to structure myself and business for minimal taxes.

[@PassiveProfits]

heyyyy!!!! nice to see ya here!

[@Karl__Pierre]

@Autopilot Passive Income I'm a consumer of content. I have to get the game on residency and taxes!

[@PassiveProfits]

@@Karl__Pierre agreed! i been looking into bulgaria! 10% tax isnt terrible its less thank italy - have you thought about it?

[@Karl__Pierre]

@@PassiveProfits definitely not

[@nomadcapitalist]

Welcome.

[@lionsgarage]

I need to figure out how to start one of these type of businesses .

[@BrutFab]

Hey can you make a video about best country to run your KZbin business?

[@chinaberg]

With the thumbnail, I thought this was an Alux video at first glance.

[@donovanmic]

Just discovered that if you turn down the volume to the point where the voice is *just* audible you can kill the background music. Not ideal but we’re not paying for the content so can’t really complain about bad production decisions.

[@CesaresChannel]

The music kills the channel

Loved the info, the music was just a bit too loud. Reduce music volume with 15%.

[@ashok3733]

Great tips here. The best way to plan your future is to have everything in different jurisdictions! I am surprised he never mentions Singapore for Business. Fantastic place to have it incorporated and live in Malaysia to reap the benefits. Most things he mentions here are in his book. If you open your eyes to this nomadic lifestyle you can build a serious empire!

[@nomadcapitalist]

We've mentioned Singapore quite frequently, but most clients choose not to live there due to the immigration programs on offer.

[@ashok3733]

@@nomadcapitalist not for living...for incorporation of an entity!

[@ericaung592]

You need to be in Singapore physically to maintain your residence visa. Minimum 6months per year. Living cost here more expensive than dubai

[@ashok3733]

@@ericaung592 I wouldn't want to live in Singapore...great to visit and keep your assets.

[@ericaung592]

@@ashok3733 yes exactly

[@ericaung592]

Is there any country one size fit at all? For starting business+ getting citizenship

[@SebOutdoors]

Dear Andrew and production team, the music simply do not work and neither does the sound effect when text on the screen is being displayed. I hope this will be reconsidered and simply removed as the previous videos were perfectly fine. It simply doesn't work when the videos are of the length they are. Had they been shorter, less than a minute, then sure enough, but this is simply terrible.

[@LisaJean777]

Do you suggest someone with a small retirement and no company to live one place and get citizenship in another? Also, is it possible to do a small business, online or local, in an EU country? Great video by the way! Thank you!

[@vyperx1]

I appreciate your work and have been a loyal viewer for a while now. Despite this, I share the sentiment of many in your comments regarding the persistent background music. While it might be intended to enhance the atmosphere, it often distracts from your content's core message. Many of us have shared this feedback, yet it seems our voices have been overlooked. This isn't about quashing your creativity, but enhancing viewer experience. Ignoring audience feedback may unintentionally damage the sense of community around your channel. Please reconsider the use of background music in your videos. It's a small tweak that could make a significant difference to your dedicated viewers. Thank you for considering our feedback.

[@nomadcapitalist]

We produce videos well in advance, so the feedback may take awhile to be absorbed.

[@vyperx1]

@@TheEmperor000 😂😂😂

[@CesaresChannel]

Correct the music sucks!

[@stellafamos2463]

Thank you, very well put.

[@anakein]

Could you make a video on international corporate structuring? Say, how to create a more complicated 2 or 3-tier structure, with accounts in one country, payment processing in another, perhaps a holding structure in another one etc. and how to go about achieving your objectives, be that tax optimisation or something else with it?

[@blyat7276]

What the hell?!? He obviously won't because thats his business, that is literally what he is selling.

[@Steve8105]

What ate your thoughts on mexico?

[@saq78642]

The new graphics are nice and I'd like you to consider how music can distract from concentration on what you're saying.

[@CesaresChannel]

Yes, the music kills the content

[@saifalarabi4491]

1. Business: UAE or HK. 2. Where to live: it has to be flexible and not related to any rules, and without paying on your international income. 3. Citizenship: agnostic passports, with no war records, latin American and European citizenship like Ireland without staining yourself with buying citizenship schemes because you can find your name in pandora leaks or something like that 😅😂. Getting a citizenship by spending 1,3,5 years without playing it with money will give zero clue to media and nasty journalists or even intelligence services on you. As long as you don't break the law too. So it's not just enough to do things legally. Sometimes you do things legally but envy of others will let them to look for black dots and stains on you. Do it legally but relax also.

[@AndrewFlenders]

In the first case scenario (residence in Italy and business in UAE), Italy will hit you with Permanent Establishment, rendering the UAE incorporation useless. Even if you try to cover your tracks by hiring a foreign CEO and taking youself out of the orgchart, if you are the ultimate decision maker in your business you will not survive an audit by the Italian tax authorities. Plus your new CEO might trigger Permanent Establishment himself in whichever jurisdiction he lives. If you have a true solution for PE, I would be very interested to hear it.

[@CesaresChannel]

The Italian tax authorities won’t audit you for about 10 years!

[@AndrewFlenders]

​@@CesaresChannel That is incorrect. The Italian lump sum regime (which indeed lasts up to 10 years) relates to PERSONAL tax, whereas Permanent Establishment relates to CORPORATE tax. The Italian tax authorities can indeed audit your non-Italian company at any time if they sense that you're effectively managing it remotely from Italian soil regardless of whether you're under the lump sum regime or not. Believe me, I have had many conversations with different Italian tax lawyers on this topic.

[@CesaresChannel]

@@AndrewFlenders 1. I guess you’ve never been to Italy. 2. I guess you’ve been bullied alot in life 3. You’ve got ZERO understanding of how Italy actually operates. Get outside and live your life, stop reading books!’n

[@PerspektiveAusland]

To benefit from the 0% rate in the UAE, the core business activity and value generation has to be performed in the freezone in the UAE. And because there is an audit requirement for all companies claiming the 0% tax in the UAE, it is highly likely that any auditor will spot very quickly if you have enough substance in the UAE. It means that all your staff needs to be working on site in the free zone. No freelancers, no nomads, no non residents. This includes of course the director of the business. Given all that, this person most likely won't have an issue in Italy.

[@AndrewFlenders]

@@PerspektiveAusland Sure, but that is not the case scenario Andrew presented in his video. He said that the owner (resident in Italy) of the business (incorporated in UAE) was also the main manager of the business. If, instead, you are just a non-operational owner (basically an "investor"), then your UAE company wont trigger Permanent Establishment in Italy. However, if you are in fact the ultimate decision maker and you live in Italy, your UAE company will indeed be exposed to the PE risk.

[@stellafamos2463]

Please consider going back to no background music, PLEASE!

[@nomadcapitalist]

We appreciate you bringing this issue to our attention. Rest assured, all our current videos were prefilmed and are ahead of schedule. However, once we became aware of the problem, our editing team has been diligently working to rectify it. The upcoming videos being edited and uploaded have taken this music synchronization issue into consideration. We apologize for any inconvenience caused and thank you for your understanding. Stay tuned for the improved content

[@alexserg23]

Love the music! Please keep adding it 🎸

[@CesaresChannel]

The music blows

[@alonzoperez2470]

Do you run a business offshores? If so what kind of business? Is it its IPO public? 🤔

[@LC-pg3lk]

I AGREE LIVING OUTSIDE AMERICA BUT THAT WILL HAPPEND WITH THE ASSETS OVER THE SEA AND HOW TO MAKE IT EASY FOR THE KIDS TO INHARITED AND HAVE ACCESS IMEDIATLY BECAUSE THE WILL IS NOT UNUGH IN THIS CASE OR LIFE INSSURANCE ... It is important to don't cause family strife back in America .( What legal Will exist in this particular case or any other documents to prepare? )

[@aamirchhapra3700]

Get rid of that background music. Ur videos are better without them

[@DiAna-im1vv]

no music pls

[@shaineire]

Im done watching until the music goes, its just to distracting. I read a comment that the videos were produced in advance so ill check back in a month or so to see if its still there. Very unfortunate but i cant stand the cheesy music 😢

[@CesaresChannel]

Destroys the channel and loses viewers

[@calum.macleod]

As the most prominent "expat consultant" you sometimes attract negativity and jealousy from other Offshore Corporate Providers. I've always had a distaste for that negativity towards you and I think that this video, more than any other you published, shows what you do and why. Thanks for the reminder.

[@william5159]

How about move to a country that you love… and figure out how to do a business there? Everything in life is not about making the most money possible and paying the least taxes. Remember, you can’t take it with you.

[@robertstallard7836]

You only have to base the business there, not move there yourself!

[@bismillahaa]

So if I'm Right , not so good with English language but i understood that italy have a good taxes system!!!! Are you serious! Im italian and i lost so much money with my business because of taxes !! I paid 45 % taxes !! It us the worst county in the world to make a business!! All my friends immigrated to Dubai to start their business but unfortunately i lost everything so i cant go there ...

[@nomadcapitalist]

Italy has a good tax system for wealthy foreigners, yes.

[@ChicSheikh]

Cut the music it's like we're in a race against time.

[@ianLord77]

Good content but the background music is annoying and completely unnecessary

[@sprezzatura8755]

I want to listen to Andrew. I don't want to listen to music. Can listen to music on my own. Cut the music please.

[@raymundogonzalez6450]

So ! In other words be citizens of 1 or 2 countries ,but don't contribute to the social network of those countries! Its be a Mercenaries ! But if face a problem , then you hope those Countries help you! Thah is greedy to it max expresion!

[@000t9]

my man.... is that country so unknown so you did 12 mins of video? Just say it

[@doug849]

Music extremely annoying and offputting

[@pedrogonzales9202]

Music @ Volume 10? Andrew's voice @ Volume 8? Crazy making.

[@fa11en1ce]

Stop adding music please.

[@nomadcapitalist]

We appreciate you bringing this issue to our attention. Rest assured, all our current videos were prefilmed and are ahead of schedule. However, once we became aware of the problem, our editing team has been diligently working to rectify it. The upcoming videos being edited and uploaded have taken this music synchronization issue into consideration. We apologize for any inconvenience caused and thank you for your understanding. Stay tuned for the improved content

[@user-kr6jz5ff4p]

Oh, how i like this new back-music thing.😎

[@Peter-wf9tb]

Tax (both corporate and individual)is only one part of a complex set of questions .there are other considerations ;cost of living, quality of life, health care, ease of doing business etc . For example the Bahamas has a low quality of life that many peoplefrom 1st world countries would find it impossibletodeal with and high cost of living since its a isolated island where everything has to be imported.are lower tax's worth these problems?I wouldn't think so . This video is a good place to start in terms of where to live for running a business but there are other factors .thanks for the informationI

[@jeremyb456]

Definitely don't move to Canada

[@kyle11235]

DON'T COME IN ITALY Da italiano quale sono, l'Italia è un inferno per fare impresa. Tasse alte come i paesi scandinavi in cambio di servizi miseri come quelli dei paesi balcanici (vabbè, comunque riceviamo molti più servizi rispetto agli Stati Uniti, la sanità ad esempio è gratuita, ma comunque pochi rispetto lo standard europeo). Qualsiasi imprenditore italiano vuole lasciare l'Italia. Ok che abbiamo il regime forfettario (dove paghi tra tasse e contributi provvidenziali circa 1/3 del fatturato, non paghi l'IVA ma non puoi nemmeno scaricare le spese), ma il limite per rientrarci è di massimo 65,000 euro di fatturato annuo (forse ora lo alzano a 85k euro annui). Briciole. Se superi i 65,000 euro di fatturato annuo, sia che tu sia un lavoratore autonomo sia che tu abbia una società di capitali vieni dissanguato dallo Stato italiano. Pressione fiscale al 60% e imposta IVA (la vostra VAT) al 22%. E RAL sui dipendenti al 220%. Follia. Non venite in Italia. Io vi ho avvisato. Non appena potrò io me andrò in Svizzera o qualche altro stato europeo.