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StGlen
Nomad Capitalist
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Comments by "StGlen" (@Learned333) on "8 Best Countries to Move to from the USA" video.
His target audience is 7 and 8 figure entrepreneurs who can easily, easily afford Malaysia's residency program.
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This is the most negative comment thread on the Philippines I think I have ever seen, making it inaccurate by that very nature.
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@camelotenglishtuition6394 If I could afford the MM2H program, I would go to Malaysia too. In fact my friend and I canceled our trip to Singapore, Malaysia and Thailand because of the pandemic and the suspension of the MM2H program. I was so looking forward to seeing Kuala Lumpur for the first time. From all that I've seen, I would love Malaysia. It's just a renewal. It's no big deal. If the government really gets too oppressive to expats, than you just don't renew. I believe a lot of wealthy expats love it too.
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@capacitacionyconsultoriaes6319 We have people in America that say they hate "Chinese" food, which make no sense since it is so ridiculously diverse.
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@enjoyslearningandtravel7957 It's over 2 million in assets, even on unrealized gains at the long term capital gains rate. Yes, get out before you're a multi-millionaire.
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@jeremyleonbarlow That's not how it works. If you go to the IRS's website on expatriatian renunciation, you are charged the long term capital gains rate on your entire net worth on the day before renunciation when over $2 million in net worth. Nomad Capitalist has reminded people of this in past videos to not move too late. "all property of a covered expatriate is deemed sold for its fair market value on the day before the expatriation date. Any gain arising from the deemed sale is taken into account for the tax year of the deemed sale" You do have a $737,000 exemption, but after that you owe it all. ALL your assets are "deemed sold" in a fantasy sale by the U.S. government.
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Timithos is being shadowbanned by YT, "@Learned333 I'm not his target audience either, but I crossed Malaysia off the list when the MM2H program increased by 4X cost." I'm sick of YT censorship.
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@gaylewilliams4805 Looks like @Brandon Clark 's Thailand input got shadowbanned by disgusting censors.
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I've only considered Namibia.
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This video is on initial countries and metropolitan places for American clients that he has actually helped move them to where they actually would live. Andrew seems to steer his clients to or near large metropolitan cities. Caribbean CBI nations like St. Kitts, Dominica, Grenada, Antigua and St. Lucia are for passport/citizenship only in the eyes of Nomad Capitalist. (possibly business entity or bank account movement only too).
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Yes. Research, and use scouting vacations.
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As far as personal taxes is concerned, at the highest bracket the U.S. takes more of your money. You'll owe that higher portion to the U.S. Dual citizenship or not will not matter. You have to file with both nations. The Foreign Tax Credit does not exempt all your Mexican income, it only exempts roughly 90%+ of it, so you're tax burden will be slightly higher. You'll pay U.S. taxes for the rest of your life no matter where you live. You're only substantial tax savings will be if you live 100% in Mexico and take advantage of the Foreign Earned Income Exclusion up to 120,000 per year and stack on housing credits only on top of that. But again this can be done in many countries, Mexico or dual citizenship doesn't matter.
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When they make most of all Europe undesirable to move to, that's what happens.
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@camelotenglishtuition6394 Wealthier people build flags and tunnels, such as 5-Flag theory. 5 flag requires 5 countries. I don't know what you mean about PR. Property rights? Permanent residency? I like permanent residency myself, but that is not offered in many countries, and if people want to live their, plant a company there, park some money there, than they get the temporary residency regardless. Wealthy people care less about words such as cost and expense when they want something. I personally crossed Malaysia off my list when their residency program went up by about four times the cost requirements.
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