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

  1.  @garrettmgunderson  correct. And he has a specific video on how he manages his properties, I believe it's from 2021
    9
  2. George Gammon was at the Market Sniper channel yesterday and he mentioned you! There was some talk about Georgia and Colombia. I can only imagine you and the Market Sniper meeting one day...
    8
  3. 3:23 will Portugal tax a non-active business owner if he owns, let's say, 25% of the shares in an offshore business? Even if the business doesn't operate in a tax haven?
    8
  4.  @oliverallen5324  governments might not be smart, but people behind them are
    8
  5. Considering that Andrew won't answer you, I must say: it's not an issue. As long as you can access any mail you receive in the US, probably no one cares. If you wanted to be considered a non-resident and get FEIE, for example, you would have to pass a IRS physical presence test of 330 days in the EU; since it's the opposite, they shouldn't care because you are still a tax resident. Just search for Statutory Residence Test or similar, to be on the safe side. But if you want to be a tax non-resident... wow, no idea.
    8
  6. Disgusting... I wonder how many dirty deeds happen in that tiny country.
    8
  7. Does anyone have experience with Portugal's CFC rules? I still could not find clear info about corporate and dividend tax exemption for business owners who live in Portugal under NHR.. That's the last pending issue in my plan.
    8
  8. Ok Klaus, have nothing and be happy
    8
  9. Andrew is affecting the market LOL
    8
  10.  @AKSmith15  depends on what you want. The passport is great. If you want to become resident forever, it's up to you but it's not a good tax choice (unless you find specific investment options with low or even zero tax). If you decide to leave and keep your local investments, you are done: a non-resident bank account costs US$ 200/month and investments become basically frozen.
    8
  11. Make America Plan C
    8
  12. Skip the country, the experience will probably be the same in every bank over there
    8
  13. @RATED he left an EU country which was going to impose a new lockdown
    8
  14.  @kellyroyds5040  yes. You know, Switzerland is good at things with holes, be it mountains, cheese or banks.
    8
  15. I wonder about the outcome from those new rules. Having cosmopolitan nomads in mind, Lisbon and Porto look fine, Algarve attracted many foreigners too... but I'm not sure if HNWIs are willing to move to small villages or lessen knows cities. Anyway, let's see.
    8
  16. No fate but what we make
    7
  17. By the way: what a chair! Lovely.
    7
  18. I unfortunately agree with you. By the end of the century there will be no democracy as we know today.
    7
  19. My opinion: there is no alternative to gold. It goes under "Precious Metals" in a portfolio. I speak very often about those UHNWI reports where anyone can have a glance at their average portfolio composition.
    7
  20. "Lose US citizenship now. Ask me how."
    7
  21. Statelessness is a funny Idea but, having the US as exception, it changes nothing in the tax realm because taxation is mostly based on residency. You can be stateless in Norway and pay 93% income tax in the basic rate.
    7
  22. Question: do you pay income tax on foreign income? Some people following this channel were trying to find out if Bolivia taxes only local income or not.
    7
  23. You are right, MarcaoPT. I use to say that Portugal is just for retirees... apart from that, either be a NHR nomad or stay away.
    7
  24. 65%... It's getting close to what an European country did to people from a specific ethnicity, to whom they also gifted a beautifully crafted chest button, a yellow star if I am not mistaken...
    7
  25. 6:29 it's hard to understand exactly what the guy meant, but I know a story similar to that - and it happened in your most beloved place on Earth, Andrew... Catalunia, Spain LOL. A guy called George Orwell joined the Spanish anarchists in order to fight Franco during the Spanish Civil War. They managed to take over that area and then decided that nobody would own anything - businesses worked that way until Franco won the war. If anyone is curious, just check his book "Homage to Catalonia".
    7
  26.  @ryankane9208  agreed. It's a waste of money to send things abroad, plus some eventual bureaucracy.
    7
  27. 14:48 I wrote something similar in some video. Some people still can't grasp the complexity of the service you provide and prefer to think you "despise the poor".
    7
  28. Exactly. Diversification is key.
    7
  29. US and Spain, Andrew's favorites LOL
    7
  30. Ukraine: it sounds interesting but I heard their property rights are a mess. Is it true? Is it possible to invest safely in real estate anywhere there?
    7
  31. If you spend everything you earn, correct. But if you spend only 10% of your income, income tax savings will be far bigger than your "inflation"
    7
  32. You can't buy a passport with that amount, but you can get a residency visa which can give you citizenship after some years. Do your research, it's totally possible.
    7
  33. ​ @FHer-kb7gb the UK could sink faster, who knows?
    7
  34. São Paulo, Brazil, is great for international food as well. Just not the first residence choice for many.
    7
  35. It could be worse... I earn in BRL and have to pay in GBP
    6
  36. It absolutely works for anyone. The only difference might be the overhead cost vs. tax reduction, which can be less profitable for someone with lower income.
    6
  37.  @garycroft8213  yes. What I mean is: if you have two citizenships, including the Irish one, you cannot get a third one, otherwise your Irish citizenship will be revoked.
    6
  38. Absolutely. If you have most of your income from renting foreign real estate, it must be paradise.
    6
  39. I'm not vegan but... Switzerland? LOL I got food poisoning twice during my trips abroad, and both were there! Next time I will stop some orthodox Jew on the street and ask for kosher food, it's probably safer.
    6
  40. 11:14 you nailed it!
    6
  41. UK has a problem the other way round: EU citizens cannot get a National Insurance number; without that, they cannot take a job, even if they find one and the law allows them to work. Without a job within the first 3 months, they basically have to leave the country. Luckily I fall into another category and can stay...
    6
  42. Let me guess... Barcelona and Madrid?
    6
  43.  @Vadamsama  agreed and I would add: every single human being is racist in some way. It's not about ethnicity, but about the different. Still, some cultures are more open to the different than others.
    6
  44. Think of all those Moneygram and Western Union users sending their salaries to the family abroad - to "leave the family behind" is a matter of survival for many. On the other hand, I think of those music celebrities who spend 30-40 years on the road, and some of them become totally absent parents... If someone wants to keep moving ALL the time and keep total freedom, I personally think it's better not to start a family.
    6
  45. Nothing that a new wall cannot solve.
    6
  46. Malaysia
    6
  47. The cost of living is a problem for lower income people; non-doms can avoid income tax. But you are right in saying that London is not a #1 option for everyone.
    6
  48. Nice info. I always saw Cyprus as a sub-optimal tax solution but now I see it has some interesting perks.
    6
  49. I also would like to know... Watching from far away, Dubai seems to be "dying" in terms of investment returns and Egypt seems to be cloning the model... It would be a good option to diversify geographically but I don't want to be dumb money
    6
  50. Gazprom and TBC were so hardly beaten that I would risk investing in them. Brazil can eventually be nice too, but the presidencial election this year will bring even more volatility.
    6