Comments by "Hari Sadu" (@harisadu8998) on "Nomad Capitalist" channel.

  1. ​ @huwhitecavebeast1972  Jews weren't kicked of India? Why? Because India has Hindus not the other intolerant Abrahamics.
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  2. Switzerland signed up to CRS. Ironically, if you're a foreign citizen, it's safer to keep your money in the United States as it won't report your assets to your home country.
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  3. Why did you think that you will all be millionaires? Were you that stupid?
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  4. Can you find any of your 4 grandparents born on the island of Ireland?
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  5.  @hernandayolearyallda  All depends on how you justify it.
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  6. ​ @marting.4465  Just ask how much money Patrice Cullors gave from BLM funding. Instead, see how much she's stolen.
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  7. Imagine how overpopulated India is!
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  8. ​ @hmmm....1910  You can have 10 citizenships of other countries and OCI of India. Why not? But remember, you cannot be a citizen of India if you take even 1 citizenship overseas.
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  9.  @KennethITGuru  Ahh the old, "there's nowhere you can go, America is the best place".
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  10. How come you didn't mention Cathay Pacific? Your thoughts?
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  11. He's been to India before. Not sure how recent.
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  12.  @dragosdiaconu629  Yes, I know this space quite well myself now and he mentions a lot of key issues in his videos and nuance that shows clearly that he's the real deal. But yes, it'll cost you for what he does because his specialty is handholding for people who don't have the time do DIY.
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  13.  @ashmoleproductions5407  It's perfectly enforceable. If someone does not declare income, that's a different issue. Just on that point, the government in India takes a lot of taxes from you in advance and if your liability is lower than the advance tax you paid, you have to file in order to get the refund. But the point is this, suppose you are an Indian living in Dubai or doing a trifecta method and you also declare a taxable Indian income of $18200 or more, then the government will demand that you show a tax resident certificate for the UAE. If you do a trifecta method and then are unable to show a tax resident certificate for any country, then India will say that they want to tax your global income, which will be a big mess for you.
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  14. Disruption is important when there is a long outstanding problem. For example, people are dying for years and years to have a better model to purchase real estate where sellers and buyers can enjoy more seamless interactions without brokers/agents in the middle.
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  15. No, this is the sort of tax that doesn't go away even if you change governments. Pretty sure about that!
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  16. Does it take 8 months regardless of option 1, 2 and 3?
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  17. The exit tax is not 40% presently. It only exists if your net worth is over $2m or if your annual tax is $180K/year for the last 5 years.
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  18.  @andrewhenley2161  The exit tax isn't 40%. It is the current capital gains rate and it will only apply if you have some unrealized capital gains. If you just have accumulated income but not gains, it doesn't really apply to that.
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  19.  @nomadnomad8571  If you have accumulated your net worth as a pure result of ordinary income and your taxes are fully paid, you won't owe anything further because there is no capital gain. Suppose you have earned 5 million in ordinary income, you've already paid the income taxes on that. But let's say you have not invested anything at all except for your home. Let's say you bought a home for 500K and it is now worth 900K. Let's say your net worth is the 5 million you earned plus the value of the house at 900K, you don't pay the exit tax on 5.9 million. You will only pay the exit tax on an unrealized capital gain which will be 400K, which is the increase in the value of the property. So only 400K is taxed. Not 5.9 million.
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  20.  @fillername458  Where are you thinking, and why?
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  21. Also, taxes are not low in Pakistan.
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  22.  @abukahertanim437 Although the Bangladesh economy is bigger, I believe Pakistan has a larger equities market.
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  23. Not sure how London or Dublin is saving taxes because if it were that simple, I think a lot of people would be happy there.
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  24.  @adsupermusone8875  It's not a rule but generally speaking, banks aren't super keen on taking small accounts from overseas because they just don't see the benefit to them. If you're American, no one wants to open your account in Hong Kong except for Citibank.
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  25.  @saifalarabi4491  For personal accounts it is not that common for something like this to happen. It's smooth to use and as long as there aren't too many weird transactions. Things differ if you're American. Overseas banks just don't like Americans.
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  26.  @saifalarabi4491  If you have an account there in good standing and you talk to your relationship manager, they will be happy because the bigger the account, the less they will want to close the account.
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  27.  @elzoog  I don't understand your question.
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  28.  @elzoog  Chinese exchange controls may prevent that if it is in mainland China.
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  29.  @nickbali1534  Well if you choose the branches you go to, the queues may not be that long. If you go to private sector banks instead of government owned banks, service will be better. It sounds like you were in India some time back but I believe that there have been some changes since that make it better.
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  30. Mauritius. $1500/mo makes you eligible.
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  31. As long as you LIVE in India, you will be considered a resident, even as a foreign passport holder and hence, you are expected to pay tax on worldwide income, not just Indian source. If you only want to pay tax on Indian source income, you must be an NRI or OCI living in India for a maximum of 119 days IF your taxable Indian income is above 15 lakhs. Any longer than that and you will be liable to pay worldwide tax. Remember one more thing that if you are an Indian citizen living overseas, if your taxable income is above 15 lakhs, you will also need to provide a tax residence certificate of your country of residence, otherwise once again, you'll be liable to pay tax on worldwide income.
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  32.  @jeremyleonbarlow  But Cayman Islands, BVI and Labuan lack the respect the UAE does and also the UAE is much more generous in granting tax residency to those companies incorporated in their borders.
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  33.  @milofonbil  Then your kids will pay the inheritance tax.
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  34. You have options but not much time.
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  35. The answer is literally no different for Bangladeshis. He didn't mention Bangladesh but the video content would be the same.
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  36. Welcome to East Asia.
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  37. If you are in a riding where the Tories have any chance, voting for the PPC is a smart way to punish yourself for another 5 years.
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  38. Foreigners can't buy real estate in India unless they are of Indian descent.
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  39. But how much did Bitcoin go up before its retracement?
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  40. Switching drivers sides is not hard. Just takes 30 minutes to get used and keep reminding yourself to stay left.
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  41. Very silly to leave an opportunity to get a citizenship especially if you're eligible for it.
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  42. Have you EVER been to the UAE? No. You'll know how stupid what you wrote is after you visit.
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  43. Britain can only take away your passport if you are a dual citizen. If you are not a citizen of or eligible to be a citizen of anywhere else, they can't take it away.
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  44.  @ManPursueExcellence  Expenses are a factor of living costs in various countries. If you generally want to be in the same time zone, then you must live in the Americas. Mexico is good but a little higher tax if full time. Panama is usually more optimal from a tax perspective. Costa Rica too.
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  45. If you have a net worth over $2m, it won't make a difference, you'll have to pay the capital gains tax anyway.
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  46.  @cyoki6155  No. You don't have to sell anything. The way it works is that if you have paid an average of $180K a year in tax for 5 years OR if your net worth is $2M, they will assess you for a capital gains tax on everything you have so they will look at your acquisition cost and the present value and judge how much is to be paid. You don't actually have to sell, they are essentially looking at any unrealized gains and considering your exit from the country as a taxable event for the purpose of capital gains.
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  47. It was never citizenship though.
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  48. You're probably not white or you wouldn't ever be worried about this. The US passport is only important for English teaching when you're not white.
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  49. Hong Kong is honestly fine. Lived there 28 years. Just moved to Dubai for different reasons.
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  50. LOL what does John Lee have to do with it?
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