The Best Tax-Free Countries for Americans

[@dougscott188]

One of the biggest selling points for me about Panama as someone running a USA business is that it is in the eastern time zone and it is easy access flight to Florida and east coast.

[@dougscott188]

Jewel Clark it is EST but they do not do the time change like we do so that is why the hour difference part of the year.

[@dougscott188]

@Spikey Scenes if you coming into south Florida the cheapest way to go is spirit. Many don't like it but it gets you where you going cheap. If you want a good premium experience Panama’s Copa Air provided quality service. Copa I think flies into Miami and Spirit Fort Lauderdale. If you want beach plenty of good options in Miami Fontainbleu my recommend and many in Fort Lauderdale. If you want gambling Hard Rock in Hollywood way to go. If you doing Orlando and Disney any of the good resorts will be good.

[@JadeCampbell40]

@@dougscott188 thank you for your tips. I'm actually moving to Florida in a few months temporarily an you pretty much answer my question because I'll be visiting Panama soon.

[@conq3097]

💯

[@FJF119]

@@dougscott188 The Fountainblue Hotel caters to the Hip Hop .....Gangsa Rap ; ie , the pool area is like Folsom Prison yard . I like the Loews

[@LinguistRevolutioner]

100K subscribers! Congrats, to the king of nomads. Well deserved

[@ShaneHummus]

Congratz on 100k subs Andrew!

[@cr6129]

Another great video! Thanks! I’m in Puerto Rico right now but plan to visit Malaysia and Thailand soon to consider where else I would live if I renounce.

[@ontraccbusiness]

Chose Georgia after recommendation from NomadCapitalist! We love it thus far! :)

[@nomadcapitalist]

Glad to hear that.

[@gabrielricci4464]

My concern about is the renegade province supported by Russia, and the unresolved issues that drove the last war between the two countries. Otherwise looked like a great place when I investegated it.

[@JUSTTHETRUTHTV]

For Real! Go where you be treated best?

[@nikkion2140]

How about a video on where to retire for tax efficiency when you have pension and rental income from your country as sources of incomes?

[@RossLambert801]

Great idea. Was wondering the same thing the other day.

[@aidant7297]

If you work for a US company and live full-time in Panama, do you qualify for the US foreign earned income exclusion AND are you free of Panama income taxes (territorial tax system)?

[@lucasbridges8082]

Amazing. Thank you, Andrew.

[@amir5593]

Congrats! We hit 100k members ! 🎉🎈🎊🎉💕

[@mariatineo4614]

Mr. Henderson thanks for your in depth knowledge of tax havens and passports! I love you. We will be meeting soon!

[@nomadcapitalist]

Thank you Maria, can't wait🤝

[@JPAnimations]

I'm starting up in Georgia Batumi.

[@tibivaslo]

My 2 cents: a. Just because country A has a slightly lower tax rate than country B doesn't mean it's better. You also have to look at what your tax money gives you in services from govt like infrastructure, rule of law, etc. b. I like the addition of Puerto Rico in there because I am hesitant to move to a country that doesn't speak English. Stop typing, I speak 4 languages, but only 2 of them have any value (English and German) the rest are only spoken in 2 countries. So I have no interest in learning a fifth language just to save on taxes. Thanks!

[@ddillard143]

Puerto Rico was on top of the list for me. The only problem is it can be absorbed back into the u.s. any minute now

[@denysivanov3364]

@@ddillard143 Puerto Rico is already US, it is not state, but still. It is US territory, people born there are US citizens = part of USA.

[@ddillard143]

@@denysivanov3364 yes I know. I don't know what I meant by that statement. I think I I was referring to the talks of it becoming a state

[@cnnewyam]

Congrats on 100k subscribers!

[@amir5593]

I really like countries with zero percent CGT rate on real estate if the owner holds it for a long period of time. Malaysia is one of them. Turkey is one of them. Italy is one of them

[@Xalta_Sailor]

New Zealand has no capital gains tax on anything held longterm.

[@amir5593]

​@@Xalta_Sailor yeah. NZ is safe haven

[@gabrielricci4464]

Portugal no longer offers the 10 year tax exemption for retirees. That was cancelled and replaced by a 10% tax. It was not clear to me if you were talking about this option or another. I have been thinking of moving there, but am concerned about taxes on investments from outside the country.

[@zennen]

Make one for Canadians!

[@rubensnogueira3199]

IMO Portugal gives a better ROI, since you can get a citizenship on top of the tax savings. But careful: the NHR regime is tricky and not every kind of foreign income can be exempted, since they depend on DTAs.

[@rubensnogueira3199]

@@jasonjames5347 Double Taxation Agreements. Maybe you do qualify. For instance, your profits might be considered as dividends and, depending on any DTA between both countries, you can have tax exemption.

[@AliClay]

@@jasonjames5347 For E-Commerce Estonia is your best bet in the EU.

[@lynndurbin9476]

Once you pick yourself up from the rubble....P.R.

[@seraphinetempestas2741]

Am I missing something obvious? I am not at all sure what planning an American making over the earnings exemption can truly do with America’s new tax laws. It basically ensures you are always taxed on any earnings anywhere. So what could actually be done?

[@nomadcapitalist]

Seraphine Tempestas Yes, there are new strategies.

[@gabrielricci4464]

I have done some investigation on Malaysia, and actually visited and loved the country. However, the only way I found to live there long term is to buy into their program which enables one to buy a home, at a preset minimum price and above. The biggest negative I found was the visa one gets is good for 10 years. No one know what will happen in SE Asia as time goes by. Malaysia is having political problems at this time and conservative Muslims took over last time I checked. I wonder how all the expats are living there. One KZbinr I questioned on this matter said he leaves in the required time allotted, stays away for a day or two and flies back in. Is this the only other option open to expats for long stay in Malaysia. Is this the only long stay strategy for an expat that does not opt for the one home etc visa option.

[@nathanmountford7768]

When you say the Consrervitive Muslims are taking over... is this something receiving sufficient pushback by Malaysians in your opinion? How do you see this playing out?

[@Brooklyn-ih2ok]

Hi, Does Portugal still not tax Americans during their Residence Permit? I love your channel!

[@kevintaylor1928]

Andrew, I'm not sure if you've been to Kosova but they love Americans there as well. I've been there and its a beautiful country, but they are still struggling economically. I am planning on going back there and taking a much closer look into living there after retirement.

[@NickDemski]

Gobbling up this video just for the title!!! Got me haha

[@Schoolforson]

Was surprised that Portugal was so high up. Besides Panama no other tropical places? Do you ever look into smaller communities?

[@rainmutt3240]

This was only the 3rd vid I've watched since stumbling on the1st where you promote the comprehensive team approach to assisting high value crypto investors. Interesting that 2 / 5 countries you mentioned are ones I thought of as well....Portugal & Malaysia. I've friends who've lived in Portugal. They love the weather, people & food. I've volunteered in Thailand a number of times since their tragedy Xmas '04 (?). So I'm pretty sure I won't like Malaysia's weather but after watching a number of vids I think I can get used to their food & people really fast. My crypto investments are expected to do rather well by the end of '21, ditto for my IRA, I own my home / vehicle, am single, reasonably good health and will be 70 soon. My plan so far, with little research, is to move / live in Portugal & take frequent trips to Malaysia during the year. Enjoy your vids so far Andrew......stay safe......wish me luck.

[@alexnicolaides9385]

I like the sound of Malaysia as my first option out of the list you mentioned as its not too far from Australia. However, my real passion and dream would be to settle in the island of Crete Greece if I can somehow prove my Greek heritage.

[@blockavelli]

Malaysia is on the top of my list

[@stephanierandall1170]

Thank you for this upload

[@CoryJaccino]

Andrew, could you explain more about Puerto Rico for digital nomads, contrasting the case of service-based businesses vs. Saas?

[@alanb8836]

I am interested in Malaysia. How easy is it to set up a small business there?

[@ronj6038]

Consider Setting up in Singapore, live in Iskandar if you need to be in SG regularly. Note he said foreign income is not taxed in MLSY, with SG having some of the lowest taxes in the world. Iras.gov.Sg, Acura.gov.Sg.

[@thomask5038]

The Puerto Rico case is interesting. Are other US Territories equally (or similarly) tax advantaged? Such as Guam, American Samoa, and the US Virgin Islands?

[@jthemagicrobot3960]

I would like to know more about Thailand.

[@lynndurbin9476]

Lyme Disease and child sexual bondage.

[@jthemagicrobot3960]

@@lynndurbin9476 don't look at any Islamic country

[@truthinspector4430]

Thailand is currently stealing expats bank accounts

[@dylanappenfeldt2442]

Nevis Bank Account Brilliant Andrew

[@KevinMcC_7]

What are your thoughts on Taiwan?

[@nomadcapitalist]

Good idea for a future video.

[@rubensnogueira3199]

What about the UK? It might not be so appealing for many, but they have this remittance based taxation option (like Malta) for the first 7 years or so.

[@АларнкшоевовепоевпрПпралпрповп]

from what I remember it's RBT for first 6 years and RBT+lump sum (GBP 30k, then 60k, then 90k) for next 12 years and it's only for non-doms

[@bshef3424]

..The Rain in Spain - stays mainly - on the Plain...🌞🌂💧 Coming from So Calif - we're aiming directly towards Portugal for the weather! 🌊🤠💲

[@davidanalyst671]

interesting. hmmm... but now can andrew do a travel channel? cause I've never even seen anything but a few pictures from these places.

[@zippymufo9765]

Portugal would definitely be my ideal country if I were looking for a EU residency.

[@jaxxbrat2634]

This like a kid in a candy store.. I donno yet..looking forward to the live event

[@nomadcapitalist]

Looking forward to having you!

[@jaxxbrat2634]

@@nomadcapitalist .. Thanks

[@Dinvesting]

Would I be exempt from taxes if I trade forex while living in malaysia?

[@tombanks8680]

Bahamas Turks and Caicos Are good choices

[@Mrorlandozg14]

Hi, Andrew, good explaination about this countries, but would You tell us what is the Top 5 places or countries to live no matter what: taxes, burocracy, paper work, cheaper, just the wonderful to live with the family? Thanks in advance!

[@bigsasha500]

I’m not going to renounce, however I am going to work in Kuwait. No taxes there and will have foreign income exclusion.

[@MegaEasyliving]

Thailand taxes on your worldwide income. Malaysia does not. Big difference.

[@jep9152]

How is Mexico for a retired American, in terms of taxation?

[@reuvenraimundhuber6664]

What about Bermuda? I heard that Bermuda has no corporate tax and it’s a close proximity to the US.

[@Thatguyy7439]

What are the potential benefits for an American citizen who was born within the photo at 5:03?

[@RobAgrees]

Would you say it's Laos-y to live there?

[@peterchirico2153]

Does this include retirement income, ie SS , IRA, Roth, cap gains on non qualified income.

[@Undisclosed86467]

What am I missing? We all still have to pay the IRS on worldwide income. My husband and I don't have a business. Just jobs and investment income. Beyond FEIE, how can we reduce our tax liability to the IRS?

[@nomadcapitalist]

🤦🤦🤦

[@davidbicknell2359]

I have lient with large capital, over a billion, does Nevis make sense?

[@spartan7616]

What about living in Saipan compared to PR?

[@timblu5029]

what are your thoughts on stock investment?

[@versaty65]

@5:27 :D :D Loved it

[@ranjithpowell6791]

You didn't mention Serbia?

[@newpassport839]

Do one for Australians

[@oscarrlee18]

Common wealth connected countries have taxes

[@CO84trucker]

Hungary has a 15% income tax rate

[@dylanappenfeldt2442]

Turkey Loves Americans

[@dylanappenfeldt2442]

Malaysia winner

[@BitcoinFootball]

Panama and The Philippines. Although the idea of a pro-American Georgia is intriguing.

[@Undisclosed86467]

Research natural disasters in The Philippines. Kind of scary.

[@cesarnotary]

I just found your channel. Love the advice. But I never hear you mention Dominican Republic. Do many Americans and Europeans are investing in the DR, what do you think about becoming an expert there? Taxes are limited to transactions and service fees. Can you do a video about them and comparable islands. Thanks for the great work.

[@davidbicknell2359]

what about Nevis??

[@jaxxbrat2634]

As far as taxation i havn't decided.This b complicated

[@Atem_S.]

Lot of potential! Am done with winter!

[@WallStreetIceCream]

what about UAE?

[@alanjohnson2347]

Your always talking about h9w w have to start a business of some kind in these other countries. I just want to retire and be able to live off that income. I'm going to have to sell house and everything. Live in a camper I pull behind my truck. Because I won't be able to pay my property taxes.I watch you hoping to hear some good news. That fits my situation. But no, I haven't.

[@user-jm9ep3zp5g]

i like Malaysia or Thailand

[@MichaelJLambie]

Did you see the new Netflix movie, The Laundromat? It's about the Panama papers. It's great!!!

[@LuciusBaston]

Though Malaysia and Thailand sound very compelling, I'd like to hear more about the Philippines.

[@WallStreetIceCream]

i hear the visa fees for Americans are expensive

[@josephhannabach5854]

Panama

[@silveradotow957]

Thialand

[@ধটলঘরবদভঞটশখরথ]

Online income tax about tiktok or anothers zero on where? Guess,

[@soloveich]

Aren't you still supposed to pay us tax even when living outside the country, if you're a citizen?

[@michaelg6641]

Yeah, it says right on the form doesnt it? And taxes for your second country too? I know Canada was cracking down on offshore accounts a few years ago, and I'd think the IRS is interested too.

[@nomadcapitalist]

You are required to file. Whether you pay anything, a little, or a lot depends on your income and your planning.

[@JUSTTHETRUTHTV]

For Real! Go where you be treated best?

[@davidouellette6833]

I WOULD LIKE TO STAY IN MY OWN COUNTRY MAKE IT SO IF YOU WORKED HARD YOUR WHOLE LIFE YOU CAN AFFORD TO STAY WHAT A CONCEPT

[@dylanappenfeldt2442]

I love Malaysia not Thailand never Thailand

[@josemanuellopezgiraldez404]

I mean puerto rico is not really a country.

[@erfroot3829]

You talking or dancing?????? I can't Fawking tell 🤔

[@guilhermesalesferreiradaco2934]

None of these are tax free tho