Three Levels of Asset Protection You NEVER Hear About

[@nomadcapitalist]

While a Cook Islands trust may help protect your assets, you don't need to move to a far-flung island in order to lower your taxes. In this video, we reveal hidden tax-friendly countries near your home where you can move to legally reduce or even eliminate your taxes: kzbin.info/www/bejne/d4mVmmuwdqymjLc

[@mrnice1976]

In Ecuador you will be able to open a cooperativa account (credit union which is regulated differently from the banking system) with no hassle, but to open a proper bank account with all the bells and whistles of the international banking system you need to be a resident and have a national ID card (cedula). They may also ask for references and/or a utility bill that would prove residency. Just because you made it sound like there were no barriers.

[@ib9511]

I think there are some banks in Istanbul, also Credit Union type, where you can open an account as a foreigner. On the Asian side.

[@Positive_Atrributes]

PROFESSIONAL visas are keeping good enough for Ecuador Cuenca mountain region areas are the headquarters for both "Ecuador Visas" and "Gringo Visas" (Danbury CT USA office), and both of these vendors are enjoying extensive reviews and testimony by their success prospects with their customers!

[@mrnice1976]

@@Positive_Atrributes There is planned enforcement action (just recently) to make foreign residents pay taxes on their worldwide income. This is new, so we'll see how it will be enforced. It mainly affects Americans because unlike Canada, the US do not have a tax treaty with Ecuador. Canadians benefit from the tax treaty which is very favourable.

[@melwoods-ml7nc]

@@ib9511 turkish bank with turkish lira probably.

[@d.f.9064]

Great job, Andrew. You are an admirable person providing a service focussed on keeping people free. Of course, this is a losing proposition, but we need to resist every step of the way. Thank you for your service.

[@nomadcapitalist]

Thank you for your kind words and support!

[@scosal7100]

Andrew would you consider doing a deep dive on Panama Private Foundations as an asset protection and privacy entity? I know from following you for years that you tend to avoid discussing Panama but from what I understand the PPF is a robust instrument modeled after Lichtenstein laws. Would love to learn more from a trustworthy source!

[@nomadcapitalist]

Interesting idea for the Nomad Capitalist R&D channel youtube.com/@nomadcapitalistrd?si=vzAbuz91U2wVxGoC

[@MT-kr8cn]

Andrew, for when could you do a video about Japan, South Korea and Indonesia please?😊

[@nomadcapitalist]

In this video, we discuss South Korea, Japan and Indonesia and the opportunities available in these countries: kzbin.info/www/bejne/oHSvqKd4rZKCqposi=28m4Hhfeu2n5irll

[@b0ndrey]

@@nomadcapitalistthank you!

[@CaptainChainsaw2]

I really hope to be wealthy enough soon to become a client!

[@nomadcapitalist]

We'll be glad to welcome you!

[@theohallenius8882]

If government can take it away from you and you still pay taxes on it every year - you don't own it, you're just renting it, with a big security deposit

[@bobsmithers]

Absolutely right! I had a paid off house that the bank decided to help themselves to and basically stole it. Lawyer said it is quite common and don't waste another penny fighting the government because he never seen a case won against them and I'd be out paying his wage and government would seal more money.

[@derekathomson]

​@@bobsmithersHow did the bank manage to steal it?

[@guusgeluk3693]

@@bobsmithers can you share what country this happend? this sounds like a nightmare.

[@mpat100]

Thank you for this.

[@nomadcapitalist]

You're welcome.

[@shannonelizabethbrainwarri4160]

You have opened my eyes and thank you. I am looking to start a new company and look to use your company.

[@nomadcapitalist]

We'll be happy to welcome you in the future.

[@jsvideos2261]

Hello Nomad Capitalist!

[@Clownlife432]

Thanks

[@chrishenry3394]

How do you hedge currency risk with having bank accounts in different countries?

[@nomadcapitalist]

A very large number of foreign banks allow you to hold USD and EUR.

[@njm543]

I purchase your book every year I always end up recommending it and giving the recommendee the copy

[@nomadcapitalist]

Thank you for the support and sharing our book! Have you thought about attending Nomad Capitalist Live? We'd be glad to welcome you. It’s a great opportunity to dive deeper into these topics with top experts and connect with like-minded individuals. You can learn more here: nomadcapitalist.com/live

[@aeonbreak4728]

what are these TUNNELS you mention in the video? never heard

[@claireedgley7897]

For a moment there, I thought that was Andrew sliding down that bannister at the beginning. 😅

[@Geechee-Man]

good timing

[@CallowG]

I had whoever filed my taxes in the government make a mistake and it took me two years to correct it even though I had a scan of my return that showed I had filled it out correctly. They still kept blaming me for making the mistake until I finally said OK yeah this scan must be defective my bad and then they fixed it. It was weird and annoying.

[@Rainy_Day12234]

The more you have, the more difficult it becomes to hold onto.

[@1977elisandro]

Make an episode about the threat to the Global Order that may be disrupted by Trump. How could a disruptive USA affect the American passport and Americans' ability to travel and conduct business throughout the World?

[@nomadcapitalist]

In this video, Mr Henderson explores the new world order, highlighting how the US and the West are losing hegemon status as power shifts to the East. He also discusses the growing importance of leveraging second citizenship to navigate an increasingly fragmented global landscape: kzbin.info/www/bejne/eXLMiGp-hNycl7M

[@tr3vorb438]

The world is safer under a Trump administration versus a pro-war democrat administration.

[@CallowG]

One hopes that the cronies he employs are mostly interested in their portfolios and won't actually let him go through with any shenanigans that would bust their piggy banks. One hopes.

[@pamelawillow1526]

Chinese banks in the biggest trouble, much more likely to trigger the Global crash

[@lynnk1111]

@@CallowGThe New World Order reformatting was established in 1942. This has been a globalist plan for decades. You can hate Trump, but he was about 5 yrs old at the time.

[@LeeuwAdelaar-xe7hh]

Normad capitalist channel 👍👏

[@joelfaulk]

You still have to answer yes that you have a foreign financial account on the IRS form. So Uncle Scam knows where your money is located.

[@elsbells8545]

Good content…..

[@nomadcapitalist]

Thank you.

[@Lanainvestor]

where do u live now ?

[@nomadcapitalist]

Mr Henderson discusses where he has moved to in this video: kzbin.info/www/bejne/lYq9eISje659isksi=PHIDbVEYChup1FhO

[@Positive_Atrributes]

DOUBLE tax treaty networks are becoming serious prospects! PWC Summaries give us the necessary information!

[@MichaelDamianPHD]

If I am taxed by the US gov then how does an offshore account help me? It doesn't.

[@NoraElkin]

AMEN!

[@ClassicCase]

What if you only have 1 egg? 😢

[@360camera]

You lay more 💡🤯

[@SilverBullet93GT]

you make a sunny side up :)

[@isrcinimatic587]

Buffet is still alive

[@CallowG]

He meant with the company lol but that's how I heard it too.

[@scosal7100]

He said, "and WHEN Warren Buffett's no longer with us"

[@y.v.4306]

That sounds like the Hungarian tax office. They made the mistake, thought I hadn’t paid my tax when I did, suddenly my money disappeared from my EU account in a different eu country without any warning whatsoever. Took them ages to fix it and refund my money even though they finally admitted it was their mistake. I never keep money in an EU account now.

[@samuelzev4076]

Which countries is suitable to open an offshore bank account for a deposit less than $5000? I am thinking of opening a bank account for my personal savings overseas

[@ib9511]

Republic of Georgia

[@ib9511]

Republic of Georgia.

[@nomadcapitalist]

This video discusses the myths about offshore banking and highlights accessible options: kzbin.info/www/bejne/r5i5o5udfbWZjrcsi=TwY04nWb2YlyqBk9

[@whiterabit09]

You need to actually go to Georgia to open the account in person. Don't put all your savings in one place.

[@samuelzev4076]

@ thank you but what if I am not an American and already based in Southeast Asia?

[@osmaks1518]

Pretty soon you won't be able to do it legally, the system is closing in on us from all the sides..

[@nomadcapitalist]

Better hurry.

[@scosal7100]

Knowing this should be the impetus for action!

[@WealthyChronicle]

I get why people want to protect their assets this way, but isn't this a little risky? Could offshore accounts raise red flags with authorities?

[@nomadcapitalist]

This is what we do everyday. If you’re compliant and complete all required tax forms, there are generally zero or very few issues.

[@pauldannelachica2388]

❤❤❤❤❤❤

[@angieharris8015]

I'll just do what O.J. did and keep the bulk of my money in a pre-retirement account. Yes, the Federal (not State) can take your funds, but there is usually an extreme reason (like tax evasion, i.e). No Judgement or Creditor can take your money outside of the Feds.

[@larsschouw5]

Warren Buffett is still alive and well!

[@jeffb.140]

Your money in a bank is literally a sitting duck for governments

[@mrnice1976]

It happened in the EU. A few years ago during crisis, Cyprus decided to take a percentage of all bank deposits in the country as a one time tax. It also happened in Ecuador where the government implemented a "bank holiday" about 20 years ago blocking access to accounts. There are other examples, but before it happened in the EU nobody thought it could happen in the EU.

[@santylestari7457]

Thats too narrow of a comment. Theres many reasons you would want to attempt these things if you’re dealing with sizeable wealth. Otherwise you probably should just buy bitcoin

[@nomadcapitalist]

We recently discussed banking risks and how offshore accounts can help protect your money in this video: kzbin.info/www/bejne/n161aKVpq91sd7s

[@luckyfj99]

🗝👏🏻💎🙏🏻🌷

[@alimtanta2934]

The question is, how long will a person continue to become each time a citizen of a new country if the current country that you are a citizen of changes its policies? I believe it is more beneficial to understand the fundamentals of the game and play it well, rather than simply fleeing. As I am now speaking, people are immigrating away from some EU countries into other EU countries, more in the southern, but soon all EU members will have the same tax regal system. Then what? Are you going to come back to your origin country, or are you going to continue to immigrate? When it comes to asset protection, that can be transferred into other jurisdiction.

[@matthewnirenberg]

They flee because they have no choice. Staying and losing everything isn't an option. Many people are regulated out of work by braindead governments who see more regulations as more $$$. Then there's the fact that many places want more taxes because they want $$$ to waste. Why should people have to stay and lose everything they worked hard for, paid huge taxes on, just because someone such as yourself thinks you can play a game that you aren't allowed to even join in the first place. The system is designed to destroy you, the only people who can play it are the 'elites' who are permanently invited to DAVOS. Why would anyone ever return to the place that tried to destroy them. Lastly, just because they're in one country now doesn't mean that is their country of origin - they may be ethnically from another country but ended up there because of work or because their parents moved for work when they were a child.

[@scosal7100]

Easy. Just move out of big Western jurisdictions. To South America for example. Still western but not too big for their own britches.

[@nomadcapitalist]

Mr Henderson discuses why you should have multiple passports in this video: kzbin.info/www/bejne/fKuagYyQlNOqb5I

[@user-ku2tq1js2v]

Just buy bitcoin and skip all this headaches 😂

[@hillfy1990]

Warren buffet is not dead it was Charlie 😅

[@scosal7100]

Your listening comprehension is dead though🤣. He said, "AND WHEN Warren Buffett's no longer with us." 😅

[@OsCc6082]

Why don't you first focus on paying out the borrowing debt or lower down the LTV below 20%?

[@nomadcapitalist]

He doesn’t have debt.

[@marting.4465]

Bitcoin fixes this.

[@nomadcapitalist]

Thank you for your comment. You may enjoy watching our recent interview with Saifedean Ammous, author of "The Bitcoin Standard": kzbin.info/www/bejne/naGxiJtqiK5kfJI

[@santylestari7457]

Bitcoin doesnt fix certain strategies. Although that may change.

[@Georgggg]

Thats why Bitcoin is so attractive and valuable. For everyone there is at least on in a lifetime lesson teaching them how brittle their property rights are, if government decides else.

[@JohnDoe-gg6kc]

Bitcoin solves this all when you hold it

[@nomadcapitalist]

You may enjoy our recent interview with Saifedean Ammous, author of The Bitcoin Standard: kzbin.info/www/bejne/naGxiJtqiK5kfJI

[@godheadwallen]

WHAT HAPPEN TO YOUR CASH IN FOREIGN BANKS WHEN THE CBDC IS FULLY IMPLEMENTED ?

[@Dejan_23Unlimited]

Africa

[@santylestari7457]

There is some attached risk. Otherwise your comment seems like fear mongering.

[@nomadcapitalist]

Mr Henderson shares insights on how you can protect yourself in this changing financial landscape: kzbin.info/www/bejne/j6mrfWxqg6-ZobMsi=xyduTCty9siKWGn8