Comments by "Jeremy Barlow" (@jeremybarlow2291) on "Nomad Capitalist" channel.

  1. I mean a nuclear test zone, and the others like the first are tiny islands in the middle of the cyclone belt.
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  2. Botswana, Morroco, Egypt Tunisia, Kenya, Cape Verde Mauritius, and maybe Zanzibar in Tanzania all have promise, as does Ethiopia if it can successfully navigate it's dam projects.
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  3.  @andrewhewerdine  no, but losing in court yet again will and they will lose in court again.
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  4. Maybe the Philippines does what Panama did with a "Friendly Nations" Retirement Visa replacing the SRRV. I could see it catering to the South Korean military retirees that the original 35 age limit was set for especially as 37-38 is the age for the earliest US military retirees with 20 years of service. I mean the EU, US, Canada, Japan, South Korea, maybe other ASEAN member states, Australia, & New Zealand citizens being offered the visa on friendlier terms with a stricter investor-retirement visa being offered for countries they find less desirable seems likely to me to end up being the case. I can see Malaysia doing something similar with MM2H v 2.0, and Thailand following suite with a new version of it's Elite Visa with an even higher dollar requirement. I can also see each country adopting a formal Digital Nomad work visa & local tax regime for income earned or remitted into the country. My suspicion for version 2.0 of these new Friendly Nations style retirement visas would include proof of a passive annuity, overseas rental income, or overseas royalty income, in addition to the bank deposit.
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  5. I had the same issue in Los Angeles, even the sketchiest parts of Los Angeles look no worse than the middle class suburban parts of LA. I mean it's a suburb in search of a city and it's hard to see where the good neighborhood ends and the bad neighborhood begins.
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  6. Nothing about PR sounds appealing. It's another sort of Swiss Cheese of tax relief kind of places.
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  7.  @therealestake  if they ever reneged on the deal you could still move away from there the same as you likely would if 0% went away in 11 years.
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  8. It may or may not, I mean Roger Ver has spoken about his federal conviction for unlawfully selling explosives, ie fireworks, and he obtained St. Kitts citizenship & a Japanese residency permit despite the conviction.
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  9. If you are subject to the exit tax and likely even if you are not, your 401(k), or IRA will be taxed upon renunciation as if you cashed it all out in the date of expatriation. If it is a Roth & you are over 59 and 1/2 and have held it for five years, zero tax. If it is a traditional IRA or 401(k) it will generally be taxed as it would have been, including penalties if held less than five years or under age 59 and 1/2. If you qualified for social security so long as you are not living in one of a handful of countries that it cannot be paid to, you will collect it and it will be taxed in accordance with any double tax treaty or at the FDAP rate of 30%. If you have a pension from a private company, the same rules generally apply. Of course there are variables, and individual advice is better than someone explaining the general rules, but as I understand those are the general rules and this is not legal advice. Once you cash out the IRA or 401(k) you could invest in in a brokerage account elsewhere and that country's capital gains rules will apply and if invested in the US FDAP income ie dividends and interest will be taxed at double tax treaty rates or the standard FDAP rate of 30%. Of course Irish UCITS ETFs are a good way to get around that if you have a European brokerage account and are in a country where the 30% rate would apply, FOLLOWING EXPATRIATION. If you are still a US citizen UCITS are a bad idea because they a Passive Foreign Investment Corporations to the IRS, even if they are not strictly speaking Corporations which have penalties.
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  10. That should be grounds for him not being allowed to be President because he could not go to countries to negotiate treaties.
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  11.  @torontovoice1  you don't see the problem with your hypothesis? I mean assuming arguendo you are correct, why would a foreign power have bothered the person in question if they were a citizen of St. Lucia What would they hope to extract from the tiny island nation? Being a US citizen put a target on her back. Not being a US citizen would alleviate the target.
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  12. Given the fact that the Saudis have stopped pricing oil sales in USD, and the Brics have so many countries joining it this summer and Bitcoin & Ethereum are now officially not securities in the US, the US dollar is going to be crushed in the next year or two. By 2030 the US will look a lot more like Argentina in the 1970s.
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  13. While the general rule on an area being overpriced or overvalued may be true. The job of a real estate investor is to find the deal in such an area. It has always been the rule that you make money when you buy real estate and the reason is you always buy the property that is undervalued. There is always someone who doesn't want a property anymore who must unload it at a bargain price for some reason regardless of location. The job of a real estate investor is to find that deal. That is why not just anyone can do it, and why not just everyone does do it.
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  14. I am improving the limited Spanish I learned in high school & teaching myself Portuguese now because Spanish gives you a lot of places to move and Portuguese because it's the EU residency & citizenship that is attainable by the largest number of people because of the variety of residency visas and permits. Portugal also has some beneficial tax treaties for an American living there especially in regards to social security taxes and benefits.
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  15. I suspect the opposite is true and most self-employed individuals in the US are under reporting legitimate deductions like the home office deduction or mileage to avoid being audited. I know I never claimed the numerous legitimate instances where I could have claimed mileage just because it dramatically increases the likelihood of an audit & that was at a time when I was earning less than the current standard deduction, so all that it would basically do is alleviate some of the 15.3% self-employment tax that was due on my earnings and the time I was wasting with tax compliance was already costing me too much money. The last thing I needed was to deal with the time wasted by an audit.
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  16. They are called loopholes for a reason. They are not easy to find, you need to go looking for them and you should probably keep the best ones to yourself so no one closes them up.
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  17. Mandatory Military Service.
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  18. Ireland is a great citizenship, unless you want to take advantage of Ireland's non-domiciled tax system, then it's not a great idea.
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  19.  @TazExprez  after seeing what Peter Thiel did with his Roth IRA it has me thinking a ROBS Roth 401(k) may be the best tax avoidance plan available. Banking for US companies is easy. It's a huge market. If you set up the company as a South Dakota enterprise if you use a foreign corporation as an operating company and either opt for a pass through tax strategy or just paying the corporate G.I.L.T.I. or Subpart F rates you can get taxes to at the most 21% and even after the increase in 2025 only 16.5% under G.I.L.T.I. with the coming of the OECD global tax regime it may be impossible to do better.
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  20. Barbados is the one country where dual citizenship may not be a hindrance for public office. I mean they encourage dual citizenship and changed the constitution to allow naturalized dual citizens to hold their highest office.
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  21.  @hainguyenvandong2321  Everything I have read suggest that Paraguay, Mexico, and Belize can cancel a naturalized citizens citizenship if they are away from the country for I think five years, although it may be less and Belize has an ability to cancel citizenship if a naturalized citizen returns to a prior country of citizenship for too much time.
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  22. Owners of US entities now have FinCen disclosure forms they must file too.
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  23. Nicaragua, Honduras, Guatemala, Costa Rica, Panama, Belize, St. Lucia and Uruguay all have territorial tax regimes. The Cayman Islands, Anguilla, the BVI, Turks and Caicos, and the Bahamas all have zero tax regimes, then Antigua and Barbuda, and St. Kitts and Nevis have zero tax personal regimes, so the tax free options in the Americas are not too shabby with the right planning.
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  24. I'm wondering about the back door to UK citizenship via the tax beneficial British Overseas Territories like Anguilla, the Cayman Islands, Bermuda, Turks & Caicos, or the British Virgin Islands. I know that you can be naturalized after 5 years of residence in most of the territories as a British Overseas Territory Citizen, but I also know that this potentially allows you to also be naturalized as a British Citizen as most Overseas Territory Citizens are now also allowed ordinary British citizenship as well. I mean live in a Caribbean tax haven & get a UK passport is not a bad deal.
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  25.  @yuriychemezov  If you have Bitcoin you may soon be able to use it to buy El Salvadorian citizenship. You can potentially use it to buy El Salvadorian residence if you have enough of it. If the El Salvadoran program becomes available for citizenship, it will give you the ability to maybe restructure your business. Converting your bank held cash to physical gold is probably you actual best bet today.
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  26.  @Learned333  the exit tax is only on untaxed gains and income. So if the person who just won the $2 billion Powerball were to buy a Maltese citizenship, and renounce next year, assuming they kept the money in T-Bills their exit tax would be the normal income tax on that year's interest.
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  27. It will be somewhat funny when SWIFT is replaced by BRICS.
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  28.  @87solarsky  tell it to the guy who was stuck in the Paris Airport for more than a decade.
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  29. Capitalism is theft.
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  30. You mean Dutch citizenship because that is the citizenship they have and if you become Dutch, you are Dutch and nothing else, the Netherlands does not allow dual citizenship, except for native born Dutch citizens, they will allow them to hold the citizenship of their foreign spouse if that country allows dual citizenship.
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  31.  @robjus1601  the current statute DOES NOT DEFINE who is subject to that tax it just says individual. The Treasury regulations define an individual and who is and is not included. It can be changed with a simple change of the definition.
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  32. The appeal of the UAE from a tax perspective is great. The appeal of the Cayman Islands, Anguilla, the Bahamas, the BVI, or Turks and Caicos coupled with the fact that little things like relationships between consenting adults being none of the state's concern makes them more appealing. The fact that the EU and the CUNA countries are imposing neocolonialist and neoimperialist tax policies to preclude developing nations from utilizing the tax free environments they themselves developed under via banking regulations to "prevent money laundering" is one of the more laughable justifications the imperialists use to continue to exert their authority over their former colonies. It is a pity that those Caribbean nations who embrace greater individual freedoms are not sitting on a vast reservoir of oil that allows them to evade much of the control being imposed on their financial system as the UAE has.
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  33.  @7x779  personally I care about freedom. Any country that wants to interfere with people's ability to make medical decisions is not a free country in my opinion.
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  34. Especially given the fact that the Supreme Court in the US has long standing rules that make it nearly impossible to strip an American of citizenship.
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  35. While Arnold was becoming a world champion bodybuilder he was investing in real estate -his plan B. Before he had ever made a movie he had become a millionaire in real estate investing. While he was acting he was making connections in the political realm through his friends and family that allowed him to run for Governor of California a Plan B. While he was acting he continued investing in real estate, but also investing in the restaurant business with Bruce Willis & Sylvester Stallone at Planet Hollywood yet another Plan B. He was always working on Plan B's. He is a liar.
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  36. Luxembourg may not look tax friendly on paper, but when you get down into the weeds Luxembourg can be a very tax friendly piece of you business structure.
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  37.  @bobo-uv9ls  That is because the government nationalized the oil industry. Should the USA or EU nationalize ie socialize the oil, gas, & coal industries? How about steel? Aviation? What industries should they nationalize?
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  38. Most of the CBI countries will allow this, some require you to live in the country for as little as 5 days and as he explained, Malta wants you there for 18 months. I have a friend whose father was a German citizen at the time of his birth in the US who is going through the process of obtaining German citizenship he is entitled to under German law by birth as a descendent of a German citizen. As I understand it, he should not have to go to Germany to obtain his citizenship. This is often the case for citizenship by descent. If you are eligible through descent, you can typically obtain a passport and other citizenship paperwork for most countries that allow it from an embassy or consulate in the country you are living in, so long as you can obtain the documents you need. My friend's parents are both alive and have the documentation he needed to establish his eligibility to obtain citizenship. If you need documentation from the country of your parent's citizenship, then you may or may not have to go there to get the documentation. It really depends on whether or not you can obtain the documentation by correspondence. My friend's father naturalized as a US citizen after his birth, if he had naturalized before his birth, he would not have been eligible to obtain German citizenship, but because it was subsequent to his birth he is legally German by birth through descent regardless of what his father did after his birth.
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  39. Have you examined withholding taxes and double tax treaties? Have you looked at new economic substance regulations?
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  40.  @jameskeefe1761  Iceland runs the world's largest crypto mining facility entirely with geothermal power. Geothermal cooling for these facilities could make them more energy efficient and solar farm investment funded by crypto mines are an actual thing, but ignore the facts.
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  41. Honestly given the plain language of the 14th amendment & the current court's emphasis on plain meaning, I fully expect a case to come before the court in the near future holding that not only can Americans including those who fraudulently naturalized to be stripped of their citizenship, but to take it a step further and hold that they cannot renounce their citizenship and repatriating all of those who have much like Argentina disallows expatriation.
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  42. Isn't it interesting at a time when more and more people were living vagabond lifestyles foregoing property ownership in the west with van life & with many location independent digital nomads living a Trifecta or tourist lifestyle that allowed them to escape the tax system, a coronavirus, a type of virus typically associated with a cold & a category of viruses which have not been known to result in long term immunity & for which an effective long term vaccination is unlikely to ever come to fruition strikes Wuhan China the same month that scientists from Ft Dietrich in the US where the Army studies pathogens are attending a conference in Wuhan where an equivalent Chinese research facility is located? That seems like an amazing coincidence to me. It also seems amazing to me that every country on earth has the exact same shuttering response to the virus within a few days, but what do I know.
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  43. This is correct, but structuring of your business and your residencies can optimize it even further. For EU citizens especially the opportunities are amongst the best available. If you are an EU citizen with a tax-free citizenship like an Antigua or St. Kitts in your back pocket you even have options for an escape plan that becomes more appealing. As an American planning around taxes is much harder, but there are even times when using an American corporation makes sense, especially if you have read the right double tax treaties and understand when what looks like a problem in regards to lowering your taxes actual creates an opportunity. This is especially true if you have friends in business whose assets are in no way related to yours that are happy to benefit by working with you on a plan to make you both wealthier. Avoiding taxes with international structuring and loopholes is a team sport.
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  44.  @InstantLuc  Turkey has great access to Latin America and the Caribbean too.
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  45. So Malta won the court case then, not surprising given the precedents.
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  46.  @Peter-MH  Monaco, Switzerland, Cayman Islands, Singapore, and UAE, with that last spot probably flipping between the UAE/Qatar/Bahrain these days.
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  47. This is not opinion, this is advice from people who live in Thailand I've seen repeated numerous times by various people. You don't want to be in Chiangmai during the burning season. So maybe Koh Samui when the farmers are burning fields to prepare for planting?🤷🏼‍♂️
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  48. The thing that I found out about Labuan that I found most interesting is that it can become a branch, and place of management of non-Malaysian ie non-Labuan companies which are taxed as Labuan companies when managed and controlled in Labuan if you choose the right jurisdiction to incorporate or form such entities. The asset protection of a Nevis LLC coupled with tax residence for that company in Labuan, assuming you can get banking in a quality jurisdiction like Liectenstein, Jersey, Guernsey, the Isle of Man, Switzerland, Singapore, or even Malaysia for the entity would make for a solid holding company.
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  49. I saw a video of a guy who spent a day there waiting for the next flight to one of the more inaccessible islands of Oceania and even in the middle of the day the falling down pier on the one beach & the crowd there all looked depressing. He had no problems, but even the local who drove him to a store said, don't leave your hotel room after dark. Not just don't leave the hotel, don't even leave your room. The locals think the place is sketchy.
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  50. It has been a while, but back in 1919 the US did invade Russia.
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