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Guilherme Sales Ferreira da Costa
Nomad Capitalist
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Comments by "Guilherme Sales Ferreira da Costa" (@guilhermesalesferreiradaco2934) on "Nomad Capitalist" channel.
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Don't see the appeal about Belize or Portugal. If I were American I would consider Mexico, Panama, Chile, Brazil, Peru, Dominican Republic or the Bahamas
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@GlockPeace Belize City has 60 thousand people. I need more than that to properly function
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Chile is not the best place right now. Terrorism is on the rise and war will eventually break out
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If u run a business in a low tax juristicion and spend more time in Mexico than Turkey. This will only work for 2 years. This is what I've learned watching his videos but surely Andrew is more qualified than I am in this issue. Either way both Mexico and Turkey are not exactly low taxed so u might wanna keep an open mind to other opportunities. U can still spend time in both countries but living somewhere else for example
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@JamesSmith-qv9qo yes, I'm from Portugal
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Appreciate the courage to share such a story with us. I'd been bullied too and it's definitely not something I enjoy thinking about
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I was wondering, if u had a business in the US and so u had to frequently go there, what citizenships would u consider getting?
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@ernststeenberg7226 I didn't say it gave us freedom back. It's the EU country with highest rate of vaccination yet it's one that's getting hit the worst currently by the virus. Said that they're realizing how irrelevant and ineffective the vaccine is which is shown by their policies. Sporting events, nightclubs, etc now require a negative test wether or not you're vaccinated so right now the vaccine is basically worthless
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Love both
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If they knew just how easy it is to find better women somewhere else they would certainly not let u go
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Let's be real, he'd probably tell u to ask momma
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@alidarotondaro6821 it's not about what, it's about when
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@danspencer4235 neither would I but the fact that u can easily move there while paying no taxes for the next decade really makes it seem like a small inconvenience for a great benefit
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@Aubrey Winchester I didn't say it wasn't for people who aren't well off. No nomad capitalist isn't well off. What I said is that it's for people who are just starting out since emigrating there is much cheaper than the UAE or Malaysia since u only have the prove a couple thousand bucks in income
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That's true but I don't think they would risk their entire economics just so some wealthy people can't leave. The country that benefits the most from covid is China
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I think it should rank even lower. Citizenship based taxation is a lot more significant for a nomad than visa free access and should be given more importance in the index. Also yes u can go to a lot of countries, but what countries? Are those countries the ones you'd like to go or have visa free access to? How does being an American affect your life? Are u gonna be able to bank overseas? Etc. The sole reason it ranks so high is because of the visa free travel which is 50%, for me there are more important things and I believe many would agree
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Oh the we build roads argument... and schools and public parks and hospitals, etc. Really good u did what pretty much every country did. Really great!! 👏🏻👏🏻🙄
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@cylololo6401 Portugal
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Californian politicians: damn it, people are leaving. Maybe we should tax them even more so they don't leave🥴
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With all due respect, I'll have to disagree with u this time. I think as nationalist movements grow in Western Europe I think either the EU will fall before this happens or eastern countries like the balkans will join and the union will move east. I don't see Eastern Europe doing something like this...
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Loved the video and I'd like to learn more about paper citizenship in different countries. Things like how to get a residence permit in the countries that allow paper residency and how much time u have to spend in these countries.
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I wouldn't get either of those so long as u can't renounce Argentinian citizenship and Mexico only allows its citizens to have one other citizenship
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The US won the Cold War, that's y Russia is a market economy in the first place
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Liberal: women get paid less! Conservative: if so then why don't they hire only women? Andrew enters the chat
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Also a teen. Wishing the best
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Its score is 30 in the nomad passport index so the answer would be yes but with restrictions though the restrictions are not specified and neither is wether multiple is also allowed or only dual
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@Logos-Nomos that's the point, u can live in Malaysia and not convert to islam meaning your reasoning is invalid
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U can also give birth in Brazil, meaning that child would be Brazilian, live there for a year and then apply for citizenship
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Depends on your passport
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Lol American blood is certainly a thing. Just saying Andrew doesn't look native American to me
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@SMoore-vj7bt what I did imply however is that u should go where you're treated best
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The bots have been coming in like crazy
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Chile still has a pretty easy yet good citizenship to get and u have that tax exemption for a few years and Santiago is a good city in my opinion
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@greengems3102 Canada isn't a territorial tax country meaning income u make outside Canada will be taxes in Canada if that's the country u reside. Examples of territorial tax countries would be Panama or Malasya
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Just to clarify u can buy property in the Philippines and other counties of Southeast Asia. What u can't do is buy land so as long as the property you're buying is a condo or something u can absolutely buy as a foreigner
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In that case the first step would be have location independent income. U don't need to be a millionaire for that. Just don't rely on a job cause once u move offshore u won't have that job. Find ways to build multiple income streams before becoming a nomad
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Funny that my country doesn't descrininate based on country of origin but rather based on country of destination
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@tinglestingles if u think a currency is depreciating that shows me you're not thinking globally. For a currency to depreciate you're comparing it to another currency which u have in your mind the base "normal" currency which is the currency they use in your home country which the exact same country you're trying to get as far as possible from meaning you're miserably failing at doing so. Let them use their currency back home, that's none of your business. Now the benefits I was referring to are the ability to pay nothing in taxes and the ability to spend up to 5 years in Malaysia. I also compared it to the UAE which has high requirements also cause, same as Malasya, Singapore, Hong Kong, etc have those exact requirements cause they're a top jurisdiction and the higher the status the most selective the get to be in terms of choosing who they want in their country. If before these criteria Malaysia was good, now it's still good, just out of a lot of people's pockets
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@farhan3296 foreign source income
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@farhan3296 i know it doesn't, I never said it did. What I did say is Malaysia is one of the few countries that allows u to not pay taxes on foreign source income. You're mixing territorial taxation with residence based taxation and also a residence permit with tax residence so yes you're misinformed
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@viralg724 u need to learn Arabic if u whish to become a citizen
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Y didn't all the other countries join the list? Like Serbia, Romania, Hungary, Russia, Ukraine, Kazakhstan, etc. Sure some aren't exactly the freest economies on earth but they're free I mean they're not communist and taxes are often lower when compared to most western countries
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Just a couple of days ago here in Portugal they were discussing a EU minimum income tax on TV. I don't see how it helps, I'm pretty sure the rich already pay more than that minimum, the people who don't on the other hand would be the poor
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@PassionateAdventures no!! My mission is failed cause I don't understand Russian
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@cheapestcharlie3093 Poland itself is not a bad idea either if u have an income lower than 100k I think u only pay 18% but ud have to make sure you're income is lower than that or the tax rate almost doubles. For example if u have a company that makes more than that u could simply just keep more of the money in the company so it doesn't become your income. Not as low taxed as Hungary but is certainly a great option specially for someone who doesn't wanna live in the same country year round. Knowing that u have Polisih citizenship, maybe u have a home there already or relatives living there and maybe u could as well reduce your costs or live close to a family member. Those are all important things to consider, the personal side as well as the economic side
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@nikireynolds5200 if u wanna escape communism Portugal ain't the place lol. Our 2 major parties are the socialists and the social democrats, I think that speaks for itself. However, the tax regime for foreigners ain't bad at all, but taxes for the natives such as myself are a nightmare🙄
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@PP-ux9bh too easy in my opinion considering that it's one of the world's best passports. If you're wondering the point of my comment he mentions too good to be true offers. Considering that the residence permit is fairly cheap, u don't need to actually live there most of the time, if u do decide to live there u have a 5 year tax holiday, Santiago is beautiful, Chile is indeed too good to be true in my opinion
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My take is even if u jump right to living it's gonna feel like tourism at the beggining
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U can't talk about "no socialism" when u guys have 36% plus state income taxes and some cases county or even city. That sounds dangerously like socialism to me
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Paraguay, Ecuador and Costa Rica sound like good places for young people who are starting and are also pretty frontier which appeals to them. Coincidence? I think not. I think they are looking to make it easy for the people that are drown to more frontier places which would be young people that normally aren't as rich as older folks. They're doing a good job!
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