Comments by "Rubens Nogueira" (@rubensnogueira5838) on "Nomad Capitalist" channel.

  1. Except for Shakira, she loves to be fined by the Spanish Hacienda.
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  2. The balance between aggressive and defensive assets is the game. I follow some HNWI reports and they show a trend: lots of real estate and equity, then cash/bonds, then a bit of everything else. Makes sense.
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  3. "That government is best which governs not at all"; and when men are prepared for it, that will be the kind of government which they will have. (Henry David Thoreau)
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  4. Brazil is such a no-brainer...
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  5. If you don't have a second citizenship, you are already too late
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  6. I thought it was Berlin...
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  7.  @carolinavarela1572  yes, but you have to get all the others first and the Irish last. A further naturalisation triggers the revocation of the Irish citizenship. Source: Section 19(1) point 5 of the Irish Nationality and Citizenship Act 1956.
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  8. 8:01 I love this pragmatic, "politically agnostic" approach, the one you also showed when talking about the Israeli citizenship some days ago. If you want the best for yourself, you have to leave some concepts and even prejudices behind. If you get a second residence/citizenship, it doesn't mean you married to some new ideology - quite the opposite, you may become faithful to none.
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  9. 3:00 this should end any discussion. I really don't like to be offensive or disrespectful, but only lunatics can think they can stand up against the State with a couple of guns.
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  10. Curiously, a country with strong social cohesion probably won't welcome foreigners who might become the very menace to that cohesion. A nomad going where s/he expects to be treated best is not that distinct from a regular refugee. They might tolerate your money, they won't necessarily tolerate you.
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  11. Except for Basel and Bath, I visited all of them and spent many Christmas travelling between them. Lovely places - I found Lausanne too steep LOL. Luzern is beautiful and stays halfway between Zurich and Interlaken, another favourite. Somehow it's hard to look at those places and think: "that's the decadent West, stay away!"
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  12. Next time I go to Paris, I will pay more attention to the balconies
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  13. Question: do I have to keep an official address in that country in order to mantain residency? I suppose the government, banks, etc. wants to send letters now and then, for example... Not only "easy" or "cheap", those countries are also a "quick" escape for those people spending time in the Americas. Great call.
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  14. Access to Switzerland is most important for me. When it comes to residence or bank account requirements the EU passports seem to have 3 tiers.
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  15. I would choose Lisbon... because it's close to Spain LOL but KL would be my second option.
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  16. "Free countries" was funny enough. I wonder which euphemism Andrew would use for you suggestion.
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  17. You can do it your own way. Watch older videos, check the options/countries, lifestyle, tax impact and start your plan. I am 5 figure and still managed to have 2 active residences right now. You won't have the supporting net Andrew can provide (laywers, accountants, bank managers, etc.) but you can do it.
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  18. MM2H: that would be very, very sad... I'm still a few years away from being able to afford it. It would be a "second Singapore" opportunity missed - hopefully not.
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  19. 8:04 freedom from tax returns is something that cannot be underestimated. Having to find out how to prepare tax returns in a different country or pay someone to do it is pain. Now I understand why some people prefer to pay a lump sum, as high as it might look.
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  20. Bingo!
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  21. 2:58 just for the sake of details: Germans are allowed to get new citizenships from EU countries and Switzerland - for any other countries they need that permission
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  22. 7:43 again: what about the Egypt New Capital? Is it an opportunity or a trap? I see hundreds of condo projects for under $1000/sqm
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  23. Absolutely. Not only privacy, also physical availability - no dependency on electricity, internet, electronic devices, whatever.
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  24. What about... heaven?
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  25. One of them is a caliphate
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  26. 6:47 I became an UK resident while owning an offshore company, totally unaware of CFC. It could have ruined me if the company didn't (luckily) fall under an exemption rule. As Andrew said later on the vídeo, it's dangerous to trust a bunch of comments on internet when building your offshore plan. Paid advice becomes absolutely necessary in some situations.
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  27. 1:59 "If you torture the data long enough, it will confess to anything." "There are three kinds of lies: lies, damned lies and statistics."
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  28. Latin America. Asia is for investment.
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  29.  Not Needed  but that polarization is the issue now. Until now it was somehow possible to have a passport portfolio and navigate between East and West, slowly we are forced to choose a side. Sad. Anyway, you can be right.
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  30. Brazil: there are restrictions but people have been mostly free, never locked at home. An entire continent to explore. Tax residence is not advisable.
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  31. Cuban doctors started the Nomad capitalist lifestyle in Brazil
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  32. 5:00 besides some fees, you can include the cost of living (taxes too). But even in an expensive country like Switzerland, you can live tax-free if most of your income is based on foreign property rent - pay the mandatory health insurance and that's it! Some (or many) countries might give the possibility for legal "hacks" to reduce costs during the residence period.
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  33. Small problem with the Irish citizenship: once gotten, you can't apply for further ones without losing it.
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  34. If you take out some of the words from the title, you have the answer
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  35. Brazil is a great passport and a poor investment. If you plan to get Brazilian citizenship through real estate, do it and get out later (unless it becomes your dream life).
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  36. I like to buy culture, so SGD + CHF + NOK
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  37. It sounds more complicated than flying with children
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  38. Irish citizenship has one caveat: you can't voluntarily acquire further citizenship (except through marriage). Source: Irish Nationality and Citizenship Act 1956, Section 19 (e)
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  39. I don't want to be physically close to China. Better invest in Asia and stay away from there.
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  40. Free or paid, the only storage I trust is that coffee can...
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  41. It reminds me of one of the only 3 guys I follow on YT, a hegde fund manager called Anton Kreil. He left the UK for Singapore and mentioned the same trouble with high taxes. But San Francisco might be rich enough not to care about an insignificant shop with only 50 branches...
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  42. You got it. 200k. Nice. Sorry for being off-topic.
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  43. Spot on!
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  44. Several ones. Search for any country that allows citizenship by residence, live there enough time, eventually learn the local language, and that's it. That simple.
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  45. Agreed, though Brazil offers some soft freedoms that some foreigners will love (and they do!). From the taxation point of view it's not good (except for the still valid exemption on inland dividends) and trying to keep an active bank account as a non-resident is a nightmare.
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  46. Funny, 2 years ago I thought NZ would be the perfect place to hide in case of a worldwide catastrophic event... well... LOL
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  47. I still can't see how to keep a foreign (non-EU) company and escape the Portuguese CFC rules...
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  48. What about a beautiful South American country planning to reactivate a bank transaction tax? Yes, tax on every single bank or financial transaction!
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  49. Absolutely. And if the currency is melting, it's one more reason to invest abroad - it can always get worse...
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  50. 11:45 that's the case for many EU countries, including Portugal. So I would like to know: if I get the Portuguese citizenship during the 10 NHR years, what happens in the 11th year? Do I have to leave immediately to a non-haven country in order to avoid insane taxes in Portugal?
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