Comments by "Jeremy Barlow" (@jeremybarlow2291) on "Watch This Before Incorporating in the USA" video.

  1. If you can work anywhere & earn that amount, move to a territorial or zero tax country where you can get residence. If you work for someone else, make sure it doesn't make them tax liable where you live. If necessary pay taxes where you are at & with savings from the Foreign Earned Income Exemption save to buy a CBI, or move to a country where you will obtain citizenship & a second passport. You may even consider moving to an EU country where you can obtain citizenship even if you must pay the tax. Once you have a second citizenship, your options become more open. If you are working for yourself and earning that and can work anywhere, get yourself to a tax free country like the UAE, you probably can't afford the pricier zero tax countries yet. The first plan of attack should be figuring out how to get a second citizenship. If you have access to a citizenship by descent somewhere do the work and get that citizenship. If you cannot, then figure out how good your passport must be. Do you want a Tier A or is Tier B+ or A- good enough? Is Tier C good enough? If you want to live in the Philippines long term getting a passport from even Ecuador with no access to Europe might be good enough for you. If you will never get wealthy, Argentina might be fine, because they have talked about a global wealth tax on citizens regardless of where they live and you cannot renounce Argentine citizenship. If you want to move to a zero tax country eventually, Portugal may not be the place because of their five year tax rule when you move to a blacklist country. They will say you are a Portuguese resident regardless of physical or family ties remaining in Portugal. Luxembourg will tax you a lot while you are there, but won't chase you when you leave. Sweden will chase you. Mexico consider you a resident as a citizen even after you leave if you have a home there. You have to examine the quirks and figure out what citizenships suit you best. the reason St Kitts is so popular as a CBI is because they don't tax you even if you live there, but may tax your company under the current rules if it is managed there. I recommend reading PWC's reports on countries to figure out the broad tax rules there or Deloitte's highlights and looking at naturalization and residency rules for countries. You should of course examine the visa requirements for citizens of the countries you might want to obtain citizenship from and understand they change. The US now needs a visa to visit Bolivia a few months ago that was not the case. Once you have it narrowed down, examine the short list more closely by talking with immigration and tax attorneys in those countries. Many will be able to meet with you by something like Zoom, many will not, but a phone call is possible. You need to get practical advice from professionals in the jurisdiction. You will also want to speak with a US tax lawyer who is versed in international tax planning and a similar US accountant especially if you have a US based business. The 2017 tax reforms made moving existing US IP assets most businesses have offshore, more difficult in terms of tax planning for example.
    7